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Robinhood vs Betterment
Robinhood is a free way to trade stocks with limited bells and whistles. How does it compare to Betterment? Read our comparison chart below.
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.
While Betterment offers automatic investing starting at $4/month for accounts with less than $20,000. There is no fee to open an account and no minimum deposit required. All balances get automatic rebalancing, tax loss harvesting, and access to financial experts.
Compare Robinhood with Betterment, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
Digital: 0.25% annual fee for accounts with $20,000 or more or with monthly recurring deposits of $250 or more, $4/month for accounts with less than $20,000
Premium: 0.65% for accounts $100,000 or more
Cryptocurrency Trading
$0
Minimum Deposit
$0
$0
Checking
No-Fee Checking
Mutual Fund Trading
No
Commission Free ETFs
All U.S. listed ETFs
Phone Support
650-761-7789 (available 24/7)
Yes
Live Chat Support
Available 24/7 (requires sign in)
No
Email Support
Yes
Yes
Human Advisors
No
Yes ($100k minimum)
Robo Advisor
No
Yes
Assets Under Management
$102 Billion
$50+ Billion
Minimum Investment
$0
Penny Stocks
Yes
Tax Loss Harvesting
No
Yes
Goal Tracker
No
Yes
Automatic Deposits
Yes
Yes
Broker Assisted Trades
Not available
Good For
Beginners; Active traders
Inactivity Fee
$0
Maintenance Fee
$0
Online Platform
Yes
Yes
iPhone App
Yes (4.2 stars, 4.3M ratings)
Yes
Android App
Yes (4.1 stars, 483k ratings)
Yes
Banking
Offers Robinhood spending account with Robinhood Cash Card issued by Sutton Bank
Offers checking account with a free debit card, and a high-yield cash account
Mobile App
iOS & Android
iOS & Android
Desktop App
None
Two-Factor Authentication
Device approvals, Authenticator app, SMS
Forex Trading
No
Futures Trading
No
Bond Trading
No
CFD Trading
No
Currency Trading
No
Customer Service
Live Chat (24 hours via Robinhood app)
Phone: 650-761-7789 (available 24/7)
Email: support@robinhood.com
Locations
No
Online Community
No
Seminars
Yes
Trading Platform
Web Trading, Mobile Apps
Virtual Trading
No
Single Stock Diversification
No
Fractional Shares
Yes
Yes
Taxable Accounts
Yes
Yes
401k Plans
No
Yes
IRA Accounts
Yes
Yes
Roth IRA Accounts
Yes
Yes
SEP IRA Accounts
No
Yes
Trust Accounts
No
Yes
529 Plans
No
No
CreditDonkey® Reviews
Stock Trading
Options Trading
Minimum Deposit
Mobile App
Commissions and Fees
Customer Service
Ease of Use
Research
Annual Fee
Human Advisors
Pros & Cons
Pros:
Commission-free trades
No minimum
Extended trading hours
Cons:
Limited research
No mutual funds & bonds
Pros:
No minimum investment
Customized portfolios
Automatically invest extra funds
Cons:
Limited investment options
High fees for large investors
Bottom Line
Free way to trade stocks with limited bells and whistles... Read full review
Great robo-advisor for beginners with low fees, good tools, and tax strategies... Read full review
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.
Robinhood: Pricing information from published websites as of 08/13/2024.
Betterment: Pricing information from published website as of 04/04/2018
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.
Are you worried about the safety of your investments? Let's examine the security features of Robinhood to determine if it's a reliable choice. Read on.