tastyworks vs Robinhood

Our comparison of tastyworks and Robinhood across several objective criteria shows that tastyworks comes out on top with an overall score of 4.6 vs 4.3 for Robinhood.

Why is that? A number of services are very similar at the two brokers. Nevertheless, Robinhood lags behind tastyworks in terms of customer service, research tools, and education features, while it’s not that much better at deposit and withdrawal options.

tastyworks vs Robinhood
	tastyworks	Robinhood
Overall score	4.6	4.3
Overall pros	Low trading fees Great educational materials Good research tools	Free US stock and ETF trading Great mobile and web trading platforms Fast and fully digital account opening
Overall cons	Limited product selection Few deposit and withdrawal options No demo account	Limited product range Weak customer support Few educational materials
Fees score	4.3 stars No inactivity fee Free stock trading Low options fees High margin rates for stock trading Withdrawal fee for bank (wire) transfers	5.0 stars Commission-free US stock and ETF trading No fee for deposit or withdrawal Transparent fee structure
Account opening score	5.0 stars Fast Fully digital No minimum deposit	5.0 stars Fast Fully digital No minimum deposit Available only for US clients No IRA accounts offered
Deposit and withdrawal score	1.9 stars No deposit fee User-friendly Free ACH withdrawals in the US Credit/Debit card not available High fee for wire withdrawals	2.3 stars Free withdrawal No deposit fee Cash management service Credit/Debit card not available Depositing larger amounts on Robinhood Gold takes longer Wire withdrawal is pricey
Web platform score	3.4 stars Clear fee report Price alerts Two-step (safer) authentication for certain functions Limited customizability (for charts, workspace) Not suited for beginners	4.5 stars User-friendly Clear fee report Two-step (safer) login Limited customizability (for charts, workspace)
Mobile platform score	4.2 stars User-friendly Touch/Face ID login Order confirmation No price alerts	5.0 stars User-friendly Two-step (safer) login Good search function
Safety	Majority of clients belong to a top-tier financial authority High level of investor protection Financial information is publicly available Does not hold a banking license Not listed on stock exchange	Majority of clients belong to a top-tier financial authority High level of investor protection Financial information is publicly available No negative balance protection Does not hold a banking license Not listed on stock exchange