Online brokers compared for fees, trading platforms, safety and more. See how Alpaca Trading stacks up against Robinhood!
Last update of data—Mar 2022
Alpaca Securities LLC is US-based broker providing commission-free API stock trading. The company is regulated by the top-tier SEC and FINRA:
Robinhood is a US-based zero-commission broker. It is overseen by FINRA, a top-tier regulator.
Recommended for traders interested in algorithmic stock trading.
Recommended for beginners and buy-and-hold investors focusing on the US stock market.
Alpaca Trading
Alpaca Securities LLC is US-based broker providing commission-free API stock trading. The company is regulated by the top-tier SEC and FINRA:
Recommended for traders interested in algorithmic stock trading.
Robinhood
Robinhood is a US-based zero-commission broker. It is overseen by FINRA, a top-tier regulator.
Recommended for beginners and buy-and-hold investors focusing on the US stock market.
Alpaca Trading's service is on par with Robinhood's and a comparison of their fees shows that Alpaca Trading's fees are similar to Robinhood's.
Account opening takes about the same effort at Alpaca Trading compared to Robinhood, deposit and withdrawal processes are somewhat more complicated at Alpaca Trading, while customer service quality is somewhat better than Robinhood's.
Our experts rated the trading platform of Alpaca Trading as somewhat worse than the platform of Robinhood, found that clients have access to about the same number of markets and products with Alpaca Trading, while Robinhood provides less useful research and education.
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