Compare Firstrade vs Robinhood


Online brokers compared for fees, trading platforms, safety and more. See how Firstrade stacks up against Robinhood!

Firstrade vs Robinhood
overall rating
4.4
4.6
overall pros
  • Free stock, ETF, fund, and options trading
  • Solid research tools
  • Quality educational tools
  • Free US stock and ETF trading
  • Great mobile and web trading platforms
  • Fast and fully digital account opening
overall cons
  • No credit/debit cards and electronic wallets for money transfer
  • You can trade only on US markets
  • No live chat or 24/7 availability
  • Limited product range
  • Weak customer support
  • Few educational materials
fees
4.7
  • Low trading fees
  • Low non-trading fees
  • Free stock, ETF, fund and options trading
  • High margin rates
4.8
  • Commission-free US stock and ETF trading
  • No fee for deposit or withdrawal
  • Transparent fee structure
account opening
4.4
  • Fully digital
  • No minimum deposit
  • Low minimum deposit
  • Slow account verification
5.0
  • Fast
  • Fully digital
  • No minimum deposit
  • Available only for US clients
  • No IRA accounts offered
deposit and withdrawal
2.0
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • Only one account base currency
  • High outgoing wire transfer fee
2.3
  • 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 trading platform
4.3
  • User-friendly
  • Clear fee report
  • Good search function
  • No two-step (safer) login
4.5
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
mobile trading platform
3.3
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
  • No price alerts
  • Mutual funds and bonds are not covered
5.0
  • User-friendly
  • Two-step (safer) login
  • Good search function
desktop trading platform
markets and products
2.8
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
2.4
  • Stock
  • ETF
  • Options
  • Crypto
research
4.8
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
3.3
  • Trading ideas
  • Data on asset fundamentals
  • Quality news flow
  • Limited interactive charting
  • No/limited set of analytic tools
customer service
0.3
  • Email support
  • No live chat
  • No 24/7 support
  • Slow support
  • Irrelevant answers
  • Phone support didn't connect anyone
1.5
  • Fast response time
  • Relevant answers
  • No phone support
  • No live chat
  • No 24/7 support
education
3.5
  • Trading platform tutorial
  • Educational videos
  • No demo account
1.5
  • Quality educational texts
  • No demo account
  • No trading platform tutorial videos
  • No educational videos
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • No negative balance protection
  • 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
recommended for Beginners and investors looking for zero-commission trading, focusing on the US market Beginners and buy-and-hold investors focusing on the US stock market
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