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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.

 Robinhood
 Learn MoreVisit Site
 

Wealthfront

Robinhood

SPECIAL OFFER
Wealthfront Cash Account - Learn More

Read Wealthfront Review

OFFER
Get a Free Stock (worth between $2.50 and $225) - Learn More

Read Robinhood Review

 

Benefits and Features

Stock Trading 
$0
Options Trading 
$0
Annual Fee
0.25%
None
Cryptocurrency Trading 
Check
Minimum Deposit
$500
$0
Mutual Fund Trading 
No
Commission Free ETFs All U.S. listed ETFs
Phone Support
Yes
24/7
Live Chat Support
No
No
Email Support
Yes
Yes
Human Advisors
No
No
Robo Advisor
Check
No
Assets Under Management
$10+ Billion
$80 Billion
Tax Loss Harvesting
Yes
No
Goal Tracker
Yes
No
Automatic Deposits
Yes
Yes
Broker Assisted Trades 
Not available
Good For 
Beginners; Active traders
Inactivity Fee 
$0
Maintenance Fee 
$0
Online Platform
Yes
Yes
iPhone App
Yes
Yes (4.2 stars, 4m ratings)
Android App
Yes
Yes (3.8 stars, 453k ratings)
Banking Robinhood Cash Card (coming soon). No monthly fee, minimum balance, or overdraft fees; Ability to earn stock and crypto rewards.
Mobile App
Yes
Yes
Two-Factor Authentication 
Yes
Locations 
No
Online Community 
No
Seminars 
No
Virtual Trading 
No
Single Stock Diversification
Yes
 
Fractional Shares
No
Yes
Taxable Accounts
Yes
Yes
401k Plans
No
No
IRA Accounts
Yes
No
Roth IRA Accounts
Yes
No
SEP IRA Accounts
Yes
No
Trust Accounts
Yes
No
529 Plans
Yes
No
 

CreditDonkey® Reviews

 Robinhood
Annual FeeStarStarStarStarHalf Star
Minimum DepositStarStarStarStarHalf StarStarStarStarStarStar
Customer ServiceStarStarStarEmpty StarEmpty StarStarStarStarStarEmpty Star
Investment TypesStarStarStarStarEmpty Star
Stock TradingStarStarStarStarStar
Options TradingStarStarStarStarEmpty Star
Mobile AppStarStarStarStarEmpty Star
Commissions and FeesStarStarStarStarStar
Ease of UseStarStarStarStarStar
ResearchStarEmpty StarEmpty StarEmpty StarEmpty Star
Pros & ConsPros:
  • Minimal opening deposit & fees
  • Advanced goal tracker
  • Tax loss harvesting
Cons:
  • No human advisors
  • No fractional shares
Pros:
  • Commission-free trades
  • No minimum
  • Extended trading hours
Cons:
  • No IRAs
  • Limited research
  • No mutual funds & bonds
Bottom LineGood robo-advisor for hands-off investor. Fees are low, but lack human advisors... Read full reviewFree way to trade stocks with limited bells and whistles... Read full review
 Learn MoreVisit Site

Wealthfront Cash Account

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.

Robinhood

Commission-Free Trades

Trade stocks, funds, options, and cryptocurrencies

Robinhood

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 Ally Invest.

In short: Robinhood's customer service is noteworthy.


Articles on Wealthfront

Wealthfront Reviews

Wealthfront simplifies long-term, low-cost investing with a diversified portfolio. But is it safe? Read on to learn if Wealthfront is worth it.

Articles on Robinhood

Robinhood

Robinhood lets you trade stocks commission-free and has no account minimums. Is it safe? Are there hidden fees? Read on for the pros and cons.

Buy Bitcoin on Robinhood or Coinbase Pro

Robinhood and Coinbase Pro are two of the biggest names in retail investing and crypto trading. But which is best for buying Bitcoin?

Robinhood Alternatives

When it comes to buying stocks online, many think of Robinhood first. But how do other apps compare? Is there a better commission fee-free app?

Robinhood App

Thinking about trading on Robinhood? Good job on getting started investing! But first, there are 7 things you need to know before investing on Robinhood.

Which Do You Think is Best?





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About CreditDonkey
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Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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