Passfolio
Robinhood
Basic data of broker
Recommended for Beginners and long-term investors focusing on the US stock market
Recommended for Beginners and buy-and-hold investors focusing on the US stock market
USA
USA
Fees
Free stock and ETF trading, average non-trading fees
Low trading and non-trading fees, free US stock and ETF trading
Stock and ETF fees
Forex fees
Fund fees
Bond fees
Options fees
Futures fees
Crypto fees
CFD fees
Non-trading fees
Deposit and withdrawal
1
1
Deposit type
Withdrawal type
Account opening
$0
$0
1 day
1 day
Proof of identity: national ID / passport / driver's license / residence permit
Proof of identity: SSN and ID / passport / driver's license
Trading platform
Markets and products
Research, education
Poor
Poor
Customer service
Security
$500,000 (securities up to $500,000, cash up to $250,000)
$500,000 (securities up to $500,000, cash up to $250,000)
2018
2013
USA
USA
For detailed information and hands-on experience, read our review of this broker.
For detailed information and hands-on experience, read our review of this broker.
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.
Passfolio's service is on par with Robinhood's and a comparison of their fees shows that Passfolio's fees are similar to Robinhood's.
Account opening takes about the same effort at Passfolio compared to Robinhood, deposit and withdrawal processes are somewhat easier at Passfolio, while customer service quality is much better than Robinhood's.
Our experts rated the trading platform of Passfolio as somewhat worse than the platform of Robinhood, found that clients have access to slightly less markets and products with Passfolio, while Robinhood provides somewhat better research and education.