Empower vs Robinhood

Empower is a free advanced tools plus hybrid advisory service for people with over $100k in investments. How does it compare to Robinhood? Read our comparison chart below.

Empower offers free financial tools and paid wealth management services. Its wealth management fees start at 0.89% of assets under management. Empower free tools include a personal dashboard, fee analyzer, and retirement planner.

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 Empower with Robinhood, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

	Empower	Robinhood

	Visit Site	Visit Site
	SPECIAL OFFER Join Empower For Free - Learn More Read Empower Review	OFFER Get a Free Stock (worth between $5 and $200) - Learn More Read Robinhood Review
	Benefits and Features
Stock Trading		$0
Options Trading		$0
Annual Fee	Investment Account: $0; Wealth Management:0.89% for first $1 million, 0.79% for first $3 million, next $2 million 0.69%, next $5 million, 0.59%, and 0.49% over $10 million	None
Cryptocurrency Trading		$0
Minimum Deposit	$100,000	$0
Mutual Fund Trading		No
Commission Free ETFs		All U.S. listed ETFs
Phone Support	Yes	650-761-7789 (available 24/7)
Live Chat Support	No	Available 24/7 (requires sign in)
Email Support	Yes	Yes
Human Advisors	Yes	No
Robo Advisor		No
Assets Under Management	$1.6 Trillion	$102 Billion
Minimum Investment	Investment Account: $0; Wealth Management: $100,000
Penny Stocks		Yes
Tax Loss Harvesting	Yes	No
Goal Tracker	Yes	No
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	Yes (4.2 stars, 4.3M ratings)
Android App	Yes	Yes (4.1 stars, 483k ratings)
Banking		Offers Robinhood spending account with Robinhood Cash Card issued by Sutton Bank
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
Investment Tracking
Single Stock Diversification	Yes
Fractional Shares	No	Yes
Taxable Accounts	Yes	Yes
401k Plans	Yes	No
IRA Accounts	Yes	Yes
Roth IRA Accounts	Yes	Yes
SEP IRA Accounts	Yes	No
Trust Accounts	Yes	No
529 Plans	Yes	No
	CreditDonkey® Reviews

Human Advisors
Robo Advisor
Price
Goal Tracker
Budgeting
Customer Service
Ease of Use
Investment Tracking
Retirement Planning
Stock Trading
Options Trading
Minimum Deposit
Mobile App
Commissions and Fees
Research
Pros & Cons	Pros: Retirement planner Free portfolio advice Robo plus human advisors Cons: $100,000 min for advisory service Higher fees than competitors	Pros: Commission-free trades No minimum Extended trading hours Cons: Limited research No mutual funds & bonds
Bottom Line	Free advanced tools plus hybrid advisory service for people with over $100k in investments... Read full review	Free way to trade stocks with limited bells and whistles... Read full review
	Visit Site	Visit Site
	Join Empower For Free Free Money Management Tools Why Choose Empower over Quicken	Get a Free Stock (worth between $5 and $200) Commission-Free Trades Buy and Sell Cryptocurrency
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Empower: Pricing information from published website as of 04/30/2020 Robinhood: Pricing information from published websites as of 08/13/2024. Empower: Empower Personal Wealth, LLC (“EPW”) compensates CREDITDONKEY INC for new leads. CREDITDONKEY INC is not an investment client of Personal Capital Advisors Corporation or Empower Advisory Group, LLC.

Join Empower For Free

Trade stocks, funds, options, and cryptocurrencies

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.

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Which is Better: Empower or Robinhood?

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Empower or Quicken.

In short: Empower's customer service is excellent.

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