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E*TRADE vs Robinhood

E*TRADE is an online broker with one of the best user interfaces. How does it compare to Robinhood? Read our comparison chart below.

E*TRADE offers stock trades at $0 per trade. There is a $500 minimum deposit, no maintenance fee and no inactivity fee.

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

 Robinhood
 Learn MoreVisit Site
 

E*TRADE

Robinhood

SPECIAL OFFER
Learn more about E*TRADE - Learn More

Read E*TRADE Review

OFFER
Get a Free Stock (worth between $2.50 and $225) - Learn More

Read Robinhood Review

 

Benefits and Features

Stock Trading
$0 per trade
$0
Options Trading
  • $0 per trade + $0.65 per contract
  • $0 per trade + $0.50 per contract if you make 30+ trades a quarter
$0
Annual Fee All trades are commission-free. No platform fees.
Cryptocurrency Trading 
Check
Minimum Deposit$500 for brokerage accounts; No account minimum for retirement accounts
$0
Mutual Fund Trading$0 for no-load, no-transaction-fee funds; $19.99 for transaction-fee funds
No
Commission Free ETFs
250+
All U.S. listed ETFs
Phone Support 
No
Live Chat Support 
No
Email Support 
Yes
Human Advisors 
No
Robo Advisor 
No
Assets Under Management 
$80 Billion
Penny Stocks
Check
 
Tax Loss Harvesting 
No
Goal Tracker 
No
Automatic Deposits 
Yes
Broker Assisted Trades
$25 + Regular Commission
Not available
Customer Service
800-387-2331
 
Good For 
Beginners; Active traders
Inactivity Fee
$0
$0
Maintenance Fee
$0
$0
Online Platform 
Yes
iPhone App 
Yes (4 stars, 3.2m ratings)
Android App 
Yes (1.4 stars, 360k ratings)
BankingChecking account offers no minimum balance requirements, free online bill pay, and unlimited debit card and check transactions.No service fees for Robinhood Cash Management account. Free debit card with no in-network ATM fees or foreign transaction fees
Mobile App
Check
Yes
Desktop AppE*TRADE Pro (requires you execute at least 30 trades during a calendar quarter or maintain brokerage account balance of at least $250,000) 
Two-Factor Authentication 
Yes
Futures Trading$1.50 per contract, per side + fees (excluding bitcoin futures) 
Locations 
No
Online Community 
No
Seminars 
No
Virtual Trading 
No
Fractional Shares 
Yes
Taxable Accounts 
Yes
401k Plans 
No
IRA Accounts 
No
Roth IRA Accounts 
No
SEP IRA Accounts 
No
Trust Accounts 
No
529 Plans 
No
 

CreditDonkey® Reviews

 Robinhood
Stock TradingStarStarStarStarEmpty StarStarStarStarStarStar
Options TradingStarStarStarStarEmpty StarStarStarStarStarEmpty Star
BankingStarStarStarEmpty StarEmpty Star
Mobile AppStarStarStarStarStarStarStarStarStarEmpty Star
Commissions and FeesStarStarStarHalf StarEmpty StarStarStarStarStarStar
Ease of UseStarStarStarStarStarStarStarStarStarStar
Online CommunityStarStarStarStarEmpty Star
ResearchStarStarStarStarEmpty StarStarEmpty StarEmpty StarEmpty StarEmpty Star
Trading PlatformStarStarStarStarStar
Minimum DepositStarStarStarStarStar
Customer ServiceStarEmpty StarEmpty StarEmpty StarEmpty Star
Pros & ConsPros:
  • Expansive set of resources and tools
  • Easy to use website
  • Industry leader
Cons:
  • Trade fees
Pros:
  • Commission-free trades
  • No minimum
  • Extended trading hours
Cons:
  • No IRAs
  • Limited research
  • No mutual funds & bonds
Bottom LineOnline broker with one of the best user interfaces... Read full reviewFree way to trade stocks with limited bells and whistles... Read full review
 Learn MoreVisit Site

Learn more about E*TRADE

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

E*TRADE: Pricing information from published website as of 12/05//2020.

Robinhood: Pricing information from published websites as of 04/18/2020.

Robinhood

Commission-Free Trades

Trade stocks, funds, options, and cryptocurrencies

Robinhood

Commission-Free Options Investing

Robinhood offers commission-free and no monthly fee options trading.

Which is Better: E*TRADE or Robinhood?

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing E*TRADE or Ally Invest.

In short: E*TRADE's mobile app and research are notable. In particular, the mobile app is outstanding. Robinhood's stock trading and commissions and fees are impressive.


Articles on E*TRADE

ETrade Review for Beginners

E*TRADE is a highly well-known name, but does that mean it is better than its competitors? Read our in-depth review and see how it compares.

Articles on Robinhood

Robinhood

Robinhood lets you trade stocks commission-free and has no account minimums. Is it safe? Are there hidden fees? Read on for the pros and cons.

Buy Bitcoin on Robinhood or Coinbase Pro

Robinhood and Coinbase Pro are two of the biggest names in retail investing and crypto trading. But which is best for buying Bitcoin?

Robinhood Alternatives

When it comes to buying stocks online, many think of Robinhood first. But how do other apps compare? Review these popular Robinhood alternatives.

Robinhood App

Thinking about trading on Robinhood? Good job on getting started investing! But first, there are 7 things you need to know before investing on Robinhood.

Which Do You Think is Best?


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