Page Summary
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.
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TD Ameritrade
Robinhood
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:2 | 1:1 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | 0 | 0 |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | 0 | 0 |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | 1.3 pips | 1.3 pips |
| Stocks & ETF | $6.95 | $6.95 |
| CFD (Gold) | 0 | 0 |
| Crypto | 0 | 0 |
| Options | 0.65 per options contract fee | 0.65 per options contract |
| Conversion Fees | $75 transfer fee | $75 transfer fee |
| Misc. Fees | 0 | 0 |
| Overnight Fees | 0 | 0 |
Deposit & Withdrawal
| Minimum deposit (in UAE) | 0 | 0 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 3700 | 5000 |
| ETF & Funds | 13000 | 37 |
| Crypto | 0 | 0 |
| Commodities | 10 | 0 |
| Indices | 12 | 5 |
| Options | 0 | 650 |
| Futures | 70 | 0 |
| Bonds | 40000 | 0 |
| Forex Instruments | 70 | 0 |
| CFD Indices & Funds | 0 | 0 |
| CFD Stocks | 0 | 0 |
| CFD Commodities | 0 | 0 |
| CFD Crypto | 0 | 0 |
| CFD Bonds | 0 | 0 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | English / Spanish | English / Spanish |
| Personal Account Manager |
Winner
Top findings from the TD Ameritrade vs. Robinhood review:
- TD Ameritrade has top-tier licenses, two mobile platforms, and excellent learning tools.
- Robinhood is a perfect choice for experienced investors because of its free-to-use platform and top-tier mobile app.
- 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