Wealthfront vs Robinhood
Wealthfront is a good robo-advisor for hands-off investor. Fees are low, but lack human advisors. How does it compare to Robinhood? Read our comparison chart below.
Wealthfront has a low fee of 0.25% and a minimum of $500 to open an account. Wealthfront offers advanced planning tools to help provide a complete picture of your financial health and track your goals. However, there are no human advisors.
While Robinhood offers $0 stock trades by cutting out physical offices and manual account management. Only basic stock trading can be performed on the mobile app. There is no minimum deposit or maintenance fee, though there is an optional paid premier customer tier starting at $5/month.
Compare Wealthfront with Robinhood, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
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Wealthfront | Robinhood | |
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Wealthfront Cash Account - | Get a Free Stock (worth between $5 and $200) - | |
Benefits and Features | ||
Stock Trading | ||
Options Trading | ||
Annual Fee | ||
Cryptocurrency Trading | ![]() | |
Minimum Deposit | ||
Mutual Fund Trading | ||
Commission Free ETFs | All U.S. listed ETFs | |
Phone Support | ||
Live Chat Support | ||
Email Support | ||
Human Advisors | ||
Robo Advisor | ![]() | |
Assets Under Management | ||
Tax Loss Harvesting | ||
Goal Tracker | ||
Automatic Deposits | ||
Broker Assisted Trades | ||
Good For | ||
Inactivity Fee | ||
Maintenance Fee | ||
Online Platform | ||
iPhone App | ||
Android App | ||
Mobile App | ||
Two-Factor Authentication | ||
Locations | ||
Online Community | ||
Seminars | ||
Virtual Trading | ||
Single Stock Diversification | ||
Fractional Shares | ||
Taxable Accounts | ||
401k Plans | ||
IRA Accounts | ||
Roth IRA Accounts | ||
SEP IRA Accounts | ||
Trust Accounts | ||
529 Plans | ||
CreditDonkey® Reviews | ||
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Annual Fee | ![]() ![]() ![]() ![]() ![]() | |
Minimum Deposit | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Customer Service | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Investment Types | ![]() ![]() ![]() ![]() ![]() | |
Stock Trading | ![]() ![]() ![]() ![]() ![]() | |
Options Trading | ![]() ![]() ![]() ![]() ![]() | |
Mobile App | ![]() ![]() ![]() ![]() ![]() | |
Commissions and Fees | ![]() ![]() ![]() ![]() ![]() | |
Ease of Use | ![]() ![]() ![]() ![]() ![]() | |
Research | ![]() ![]() ![]() ![]() ![]() | |
Pros & Cons | Pros:
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Bottom Line | Good robo-advisor for hands-off investor. Fees are low, but lack human advisors... | Free way to trade stocks with limited bells and whistles... |
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Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Wealthfront: Pricing information from published website as of 04/04/2018 Robinhood: Pricing information from published websites as of 04/18/2020. |
Commission-Free Options Investing
Robinhood offers commission-free and no monthly fee options trading.
Which is Better: Wealthfront or Robinhood?
Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Wealthfront or eToro.
In short: Robinhood's customer service is noteworthy.