Robinhood vs TD Ameritrade compared

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

Robinhood
TD Ameritrade
Robinhood
4.3
TD Ameritrade
4.7

Last update of dataFeb 2022

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.

TD Ameritrade

TD Ameritrade is a US stockbroker regulated by top-tier authorities SEC and FINRA. The company is listed on NASDAQ and has a banking background as part of the TD Group. The brokerage was acquired by Charles Schwab Corporation in 2020. Client account conversion is expected between April and September of 2023.

Recommended for investors and traders looking for solid research and a well-equipped desktop trading platform.

Robinhood's service is slightly weaker than TD Ameritrade's and a comparison of their fees shows that Robinhood's fees are slightly lower than TD Ameritrade's.

Account opening takes less effort at Robinhood compared to TD Ameritrade, deposit and withdrawal processes are about the same quality at Robinhood, while customer service quality is considerably lower than TD Ameritrade's.

Our experts rated the trading platform of Robinhood as being of the same quality as the platform of TD Ameritrade, found that clients have access to slightly less markets and products with Robinhood, while TD Ameritrade provides better research and education.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Basic data of broker

Overall Score
4.3

Recommended for Beginners and buy-and-hold investors focusing on the US stock market

Overall Score
4.7

Recommended for Investors and traders looking for solid research and a well-equipped desktop trading platform

Country of origin

USA

Country of origin

USA

Fees

Fees score
4.9
Fees score
4.2
Fees summary

Low trading and non-trading fees, free US stock and ETF trading

Fees summary

Low trading and non-trading fees, high fund fees

Stock and ETF fees

Forex fees

Fund fees

Bond fees

Options fees

Futures fees

CFD fees

Non-trading fees

Deposit and withdrawal

Deposit and withdrawal score
2.3
Deposit and withdrawal score
1.9
Number of base currencies

1

Number of base currencies

1

Deposit type

Withdrawal type

Account opening

Account opening score
5.0
Account opening score
3.7
Account opening fully online
Account opening fully online
Minimum deposit
*

$0

*
Minimum deposit
*

$0

*
Time to open account

1 day

Time to open account

1-3 days

Required documents

Proof of identity: SSN and ID / passport / driver's license

Required documents

Proof of identity: SSN and national ID / passport / driver's license

Trading platform

Web platform score
4.5
Web platform score
4.3
Mobile platform score
5.0
Mobile platform score
4.8
Desktop platform score
-
Desktop platform score
4.5

Markets and products

Markets and products score
2.7
Markets and products score
3.8
Stocks
*
*
Stocks
Fractional shares
*
*
Fractional shares
ETFs
*
*
ETFs
Forex
Forex
*
*
Funds
Funds
Bonds
Bonds
Options
*
*
Options
Futures
Futures
Crypto
*
*
Crypto
*
*
CFDs
CFDs

Research, education

Research score
3.1
Research score
5.0
Charting quality

Poor

Charting quality

Great

Education score
1.5
Education score
5.0
Demo account
Demo account

Customer service

Customer service score
1.5
Customer service score
4.0
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

$500,000 (securities up to $500,000, cash up to $250,000)

Investor protection amount

$500,000 (securities up to $500,000, cash up to $250,000)

Banking background
Banking background
Listed on stock exchange
Listed on stock exchange
Foundation date

2013

Foundation date

1975

Country of regulation

USA

Country of regulation

USA, Hong Kong, Singapore

Robinhood

For detailed information and hands-on experience, read our review of this broker.

TD Ameritrade

For detailed information and hands-on experience, read our review of this broker.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

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.

Brokers displayed might not be available in United States.

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