| overall rating |
|
|
| overall pros |
- Free US stock and ETF trading
- Great mobile and web trading platforms
- Fast and fully digital account opening
|
- Some ETFs and mutual funds are free to trade
- Easy account opening
- Great mobile trading platform
|
| overall cons |
- Limited product range
- Weak customer support
- Few educational materials
|
- Only US market covered
- Basic research tools
- High financing rates (margin rates)
|
|
fees
|
- Commission-free US stock and ETF trading
- No fee for deposit or withdrawal
- Transparent fee structure
|
- No inactivity fee
- Free ETF trading
- Some mutual funds and bonds are free to trade with
- High margin rates
- High fees for non-free mutual funds
|
|
account opening
|
- Fast
- Fully digital
- No minimum deposit
- Available only for US clients
- No IRA accounts offered
|
- Fully digital
- No minimum deposit
- Low minimum deposit
- Slow account opening time
|
|
deposit and withdrawal
|
- 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
|
- No deposit fee
- User-friendly
- Free withdrawal (via ACH)
- Credit/Debit card not available
- $10 for wire transfer withdrawals
|
|
web trading platform
|
- User-friendly
- Clear fee report
- Two-step (safer) login
- Limited customizability (for charts, workspace)
|
- Clear fee report
- Two-step (safer) login
- Price alerts
- Limited customizability (for charts, workspace)
- Some features are hard to find
|
|
mobile trading platform
|
- User-friendly
- Two-step (safer) login
- Good search function
|
- User-friendly
- Two-step (safer) login
- Good search function
- No price alerts
- Options and bond trading are not available
|
|
desktop trading platform
|
|
|
|
markets and products
|
|
- Stock
- ETF
- Fund
- Bond
- Options
|
|
research
|
- Trading ideas
- Data on asset fundamentals
- Quality news flow
- Limited interactive charting
- No/limited set of analytic tools
|
- Trading ideas
- Data on asset fundamentals
- User-friendly
- Limited interactive charting
- Limited set of research tools
|
|
customer service
|
- Fast response time
- Relevant answers
- No phone support
- No live chat
- No 24/7 support
|
- Phone support
- Fast response time
- Relevant answers
- No live chat
- No 24/7 support
|
|
education
|
- Quality educational texts
- No demo account
- No trading platform tutorial videos
- No educational videos
|
- Educational videos
- Fair production quality
- No demo account
- No trading platform tutorial videos
|
|
safety
|
- 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
|
- 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
|
| recommended for |
Beginners and buy-and-hold investors focusing on the US stock market
|
Long-term investors who are looking for great ETF and mutual fund offers
|
