E*TRADE vs Robinhood
E*TRADE is an online broker with one of the best user interfaces. How does it compare to Robinhood? Read our comparison chart below.
E*TRADE offers stock trades at $0 per trade. There is a $500 minimum deposit, no maintenance fee and no inactivity fee.
While Robinhood offers $0 stock trades by cutting out physical offices and manual account management. Only basic stock trading can be performed on the mobile app. There is no minimum deposit or maintenance fee, though there is an optional paid premier customer tier starting at $5/month.
Compare E*TRADE with Robinhood, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
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| Learn More | Visit Site | |
E*TRADE | Robinhood | |
|---|---|---|
Learn more about E*TRADE - | Get a Free Stock (worth between $5 and $200) - | |
Benefits and Features | ||
| Stock Trading | ||
| Options Trading |
| |
| Annual Fee | ||
| Cryptocurrency Trading | ||
| Minimum Deposit | $0 for self-directed brokerage accounts; Managed portfolios start at $500 minimum | |
| Mutual Fund Trading | $0 for no-load, no-transaction-fee funds; $19.99 for transaction-fee funds | |
| Commission Free ETFs | All U.S. listed ETFs | |
| Phone Support | ||
| Live Chat Support | Available 24/7 (requires sign in) | |
| Email Support | ||
| Human Advisors | ||
| Robo Advisor | ||
| Assets Under Management | ||
| Penny Stocks |  | |
| Tax Loss Harvesting | ||
| Goal Tracker | ||
| Automatic Deposits | ||
| Broker Assisted Trades | ||
| Good For | ||
| Inactivity Fee | ||
| Maintenance Fee | ||
| Online Platform | ||
| iPhone App | ||
| Android App | ||
| Banking | Checking account offers no minimum balance requirements, free online bill pay, and unlimited debit card and check transactions. | Offers Robinhood spending account with Robinhood Cash Card issued by Sutton Bank |
| Mobile App | | |
| Desktop App | E*TRADE Pro (requires you to execute at least 30 trades during a calendar quarter or maintain brokerage account balance of at least $250,000) | |
| Two-Factor Authentication | Device approvals, Authenticator app, SMS | |
| Forex Trading | ||
| Futures Trading | $1.50 per contract, per side + fees (excluding bitcoin futures) | |
| Bond Trading | ||
| CFD Trading | ||
| Currency Trading | ||
| Customer Service | Live Chat (24 hours via Robinhood app) Phone: 650-761-7789 (available 24/7) Email: support@robinhood.com | |
| Locations | ||
| Online Community | ||
| Seminars | ||
| Trading Platform | ||
| Virtual Trading | ||
| Fractional Shares | ||
| Taxable Accounts | ||
| 401k Plans | ||
| IRA Accounts | ||
| Roth IRA Accounts | ||
| SEP IRA Accounts | ||
| Trust Accounts | ||
| 529 Plans | ||
CreditDonkey® Reviews | ||
| ||
| Stock Trading |   | |
| Options Trading | | |
| Banking | | |
| Mobile App | | |
| Commissions and Fees |  | |
| Ease of Use | | |
| Online Community | | |
| Research | | |
| Trading Platform | | |
| Minimum Deposit | | |
| Customer Service | | |
| Pros & Cons | Pros:
| Pros:
|
| Bottom Line | Online broker with one of the best user interfaces... | Free way to trade stocks with limited bells and whistles... |
| Learn More | Visit Site | |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. E*TRADE: Pricing information from published website as of 11/09/2024. Robinhood: Pricing information from published websites as of 08/13/2024. | ||
Buy and Sell Cryptocurrency
Robinhood Crypto offers commission-free cryptocurrency investments 24/7. Some of the cryptocurrencies available are Bitcoin, Dogecoin, Ethereum, and Litecoin. This offer is currently available to selected states.
Which is Better: E*TRADE or Robinhood?
Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing E*TRADE or Webull.
In short: E*TRADE's mobile app and research are notable. In particular, the mobile app is outstanding. Robinhood's stock trading and commissions and fees are impressive.
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