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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

Visit tastyworks

-> Back to tastyworks review for 2022

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Author of this article

Dan Sallai

Author of this article

My goal is to help people find our resourceful content when they need the most. I combine my 10+ years online marketing experience with the team's finance knowledge to reach that every day. On the side I'm paying bowling, tennis and enjoy spending great time with my children.
My goal is to help people find our resourceful content when they need the most. I combine my 10+ years online marketing experience with the team's finance knowledge to reach that every day. On the side I'm paying bowling, tennis and enjoy spending great time with my children.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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