Fidelity vs Robinhood
Fidelity is a cash management account with a decent APY. How does it compare to Robinhood? Read our comparison chart below.
Fidelity offers stock trades at $0 per trade and more than 180 branch locations. There is no minimum deposit.
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 Fidelity with Robinhood, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
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| Learn More | Visit Site | |
Fidelity | Robinhood | |
|---|---|---|
Commission-Free Trading - Online Stock, ETF and Option Trades - | Get a Free Stock (worth between $5 and $200) - | |
Benefits and Features | ||
| Stock Trading | ||
| Options Trading | ||
| Annual Fee | ||
| Cryptocurrency Trading | ||
| Minimum Deposit | ||
| Mutual Fund Trading | ||
| Commission Free ETFs | All U.S. listed ETFs | |
| Phone Support | ||
| Live Chat Support | Available 24/7 (requires sign in) | |
| Email Support | ||
| Human Advisors | ||
| Robo Advisor | ||
| Assets Under Management | ||
| Penny Stocks | ||
| Tax Loss Harvesting | ||
| Goal Tracker | ||
| Automatic Deposits | ||
| Broker Assisted Trades | ||
| Good For | ||
| Inactivity Fee | ||
| Maintenance Fee | ||
| Online Platform | ||
| iPhone App | ||
| Android App | ||
| Banking | Offers Robinhood spending account with Robinhood Cash Card issued by Sutton Bank | |
| Mobile App | ||
| Desktop App | ||
| Two-Factor Authentication | Device approvals, Authenticator app, SMS | |
| Forex Trading | ||
| Futures Trading | ||
| Bond Trading | ||
| CFD Trading | ||
| Currency Trading | ||
| Customer Service | Live Chat (24 hours via Robinhood app) Phone: 650-761-7789 (available 24/7) Email: support@robinhood.com | |
| Locations | ||
| Online Community | ||
| Seminars | ||
| Trading Platform | Desktop, Web Trading, Mobile Apps | |
| Virtual Trading | ||
| Fractional Shares | ||
| Taxable Accounts | ||
| 401k Plans | ||
| IRA Accounts | ||
| Roth IRA Accounts | ||
| SEP IRA Accounts | ||
| Trust Accounts | ||
| 529 Plans | ||
CreditDonkey® Reviews | ||
| ||
| Savings |   | |
| Fees | | |
| Mobile App | | |
| Customer Service | | |
| Stock Trading | | |
| Options Trading | | |
| Minimum Deposit | | |
| Commissions and Fees | | |
| Ease of Use | | |
| Research | | |
| Pros & Cons | Pros:
| Pros:
|
| Bottom Line | Cash management account with a decent APY... | Free way to trade stocks with limited bells and whistles... |
| Learn More | Visit Site | |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Fidelity: Pricing information from published website as of 07/05/2024. Robinhood: Pricing information from published websites as of 01/25/2025. | ||
3% Match on IRA with Robinhood Gold
Earn 3% IRA match on all eligible contributions with Robinhood Gold. Terms and conditions apply. This is a limited-time offer.
Robinhood Gold: 3.25% APY on Idle Cash
- 3.25% APY on idle cash - earn while you sleep
- Your money is FDIC-insured up to $2.5M at partner banks. No cap on earnings, withdraw or invest you money at any time.
Which is Better: Fidelity or Robinhood?
Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Fidelity or Acorns.
Articles on Fidelity
Fidelity High Yield Savings Review
Fidelity boasts an all-around account with no fees and a decent APY. But there's even more to discover. Keep reading.
Articles on Robinhood
Robinhood Review
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.
Is Robinhood Gold Worth It
Robinhood Gold's premium features can help you make the most of your money, but is it really time to upgrade? Read on to find out.
Robinhood Free Stock
Robinhood offers a promo to get up to $1,700 in your first year. But how does it work, and is it worth your time?
Robinhood 24/7 Trading
Unfortunately, Robinhood doesn't offer 24/7 trading. Luckily, it comes close: 24/5. Does it fit you and your trading style?
Robinhood vs Fidelity vs Vanguard
Robinhood, Fidelity, and Vanguard are great options if you're looking for an investment platform to grow your money. But which one is right for you?
Robinhood vs Public vs Webull
Robinhood, Public, and Webull are all great options for growing your money. But which one will suit you the most?
Webull vs Robinhood
Robinhood, Webull, Fidelity - three big investing platforms, but which is best for you? Find out in this detailed comparison guide.
Robinhood IRA Review
Robinhood offers some of the most unique IRAs on the market. But are they any good? Read on to find out.
Which Do You Think is Best?
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Next Page: Fidelity High Yield Savings
