Fidelity vs Robinhood
Fidelity is a cash management account with a decent APY. How does it compare to Robinhood? Read our comparison chart below.
Fidelity offers stock trades at $0 per trade and more than 180 branch locations. There is no minimum deposit.
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 Fidelity 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 | |
Fidelity | Robinhood | |
|---|---|---|
Commission-Free Trading - Online Stock, ETF and Option Trades - | Get a Free Stock (worth between $5 and $200) - | |
Benefits and Features | ||
| Stock Trading | ||
| Options Trading | ||
| Annual Fee | ||
| Cryptocurrency Trading | ||
| Minimum Deposit | ||
| Mutual Fund Trading | ||
| 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 | Offers Robinhood spending account with Robinhood Cash Card issued by Sutton Bank | |
| Mobile App | ||
| Desktop App | ||
| Two-Factor Authentication | Device approvals, Authenticator app, SMS | |
| Forex Trading | ||
| Futures Trading | ||
| 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 | ||
| ||
| Savings |   | |
| Fees | | |
| Mobile App | | |
| Customer Service | | |
| Stock Trading | | |
| Options Trading | | |
| Minimum Deposit | | |
| Commissions and Fees | | |
| Ease of Use | | |
| Research | | |
| Pros & Cons | Pros:
| Pros:
|
| Bottom Line | Cash management account with a decent APY... | 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. Fidelity: Pricing information from published website as of 07/05/2024. 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: Fidelity or Robinhood?
Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Fidelity or Acorns.
Articles on Fidelity
Fidelity High Yield Savings Review
Fidelity boasts an all-around account with no fees and a decent APY. But there's even more to discover. Keep reading.
Articles on Robinhood
Robinhood Review
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Robinhood 24/7 Trading
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Robinhood IRA Review
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How Does Robinhood Make Money
Robinhood earns money through payment for order flow, interest rates, and subscriptions. Learn how these factors contribute to Robinhood's success.
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Next Page: Fidelity High Yield Savings
