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TD Ameritrade vs. Robinhood

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TD Ameritrade and Robinhood are the best US-based online brokers. TD Ameritrade is the leading US-based stockbroker with an excellent trading platform. It has a banking history, a presence on a stock exchange, and competitive fees. We recommend it for experienced and beginner traders as it offers reliable learning resources and professional tools. 

Robinhood is the leading online platform for traders in the United States. It is a good choice for active traders and long-term investors because of its excellent mobile app and fee structure. We recommend Robinhood for experienced traders based in the USA. 

Both brokerage firms have strengths and weaknesses. This article discusses the differences between TD Ameritrade and Robinhood. 

Broker NameTD AmeritradeRobinhood
Year Founded19752013
RegulationSEC, CFTC, FINRAUSA
Tradable AssetsFutures, Bond, Fund, Forex, Stock, ETF, OptionsETF, Stock, Crypto, Options
Min Deposit$0$0
Min TradeLow$0
PlatformsiOS and AndroidiOS, Android, Windows, and MacOS
DepositFree for US residents, wire transfer for non USFree of charge
WithdrawalsFree for US residents, wire transfer for non USFree of charge

Top findings from the TD Ameritrade vs. Robinhood review: 

  1. TD Ameritrade has top-tier licenses, two mobile platforms, and excellent learning tools. 
  1. Robinhood is a perfect choice for experienced investors because of its free-to-use platform and top-tier mobile app. 
  1. TD Ameritrade offers many tradable instruments and has no fees for deposit, withdrawal, and inactivity. 

We recommend TD Ameritrade for investors of all levels of experience. Robinhood is a better choice for US-based professional traders because of the limited tools and educational resources. 

Level of experience 

Beginner investors prefer TD Ameritrade instead of Robinhood. TD Ameritrade has Paper Trading, Videos, Educational materials, and several other reliable learning tools. Robinhood offers no direct research and learning tools, but it has limited access to trading articles. 

Fees 

TD Ameritrade and Robinhood have similar pricing structures. Regular stock trades with both brokers cost $0. Robinhood has a $0 per contract rate, less than TD Ameritrade, which charges a $0.65 fee. 

Assets 

TD Ameritrade has a more complete investment offering than Robinhood. TD Ameritrade offers stock trading, options trading, ITCBB, mutual funds, futures trading, forex trading, international trading, and advisor services. TD Ameritrade has 12,330 total mutual funds, while Robinhood offers 0. 

Robinhood is the better choice for Bitcoin trading in the US, along with options trading, stock trading, and fractional shares. 

Trading platform 

TD Ameritrade has excellent trading platforms which focus on learning tools. It has professional learning and trading tools available across all its platforms. As a result, TD Ameritrade offers a better experience with superior market research, trading ideas, and educational materials. 

Robinhood is popular because of its impressive mobile app designed to execute proven strategies for long-term investors. It offers professional watch lists and basic charting for experienced traders. The web platform is straightforward, but it is challenging to learn by beginners. Robinhood has no desktop platform. 

Banking services 

Banking services are an asset for traders of all levels of experience. TD Ameritrade offers its clients checking accounts, debit cards, and credit cards. Robinhood only offers debit cards.   

Final verdict 

TD Ameritrade and Robinhood are some of the best online brokers. Both have advantages and disadvantages depending on your trading experience and location. We recommend Robinhood to US-based investors who want access to professional tools. Our top choice for beginner traders remains TD Ameritrade because of its impressive research and learning tools. 

For full review please visit:
TD Ameritrade
Robinhood


Our Methodology

We took the time to analyze and compare the top 30 international trading platforms. Each firm received its review based on 105 distinct variables and more than 50,000 words of research.

Keep in mind that broker involvement was optional. Each broker had the option to provide a detailed profile and offer adequate time for a yearly update meeting. This opportunity came with two possibilities: giving information over the web or live in person.

We checked all the information provided by brokers with a lot of attention to detail. Our purpose was to offer you access to reliable, accurate, and professional data. Our validation process comes with less than a 1% error rate per year, as all the reviews we share come with a focus on quality and not quantity.

Disclosure

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider if you understand them and if you can afford to lose money.

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Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.

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