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Robinhood vs E*TRADE

Robinhood is a free way to trade stocks with limited bells and whistles. How does it compare to E*TRADE? Read our comparison chart below.

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.

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

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

 Robinhood
 Visit SiteLearn More
 

Robinhood

E*TRADE

OFFER
Get a Free Stock (worth between $5 and $200) - Learn More

Read Robinhood Review

SPECIAL OFFER
Learn more about E*TRADE - Learn More

Read E*TRADE Review

 

Benefits and Features

Stock Trading
$0
$0 per trade
Options Trading
$0
  • $0 per trade + $0.65 per contract
  • $0 per trade + $0.50 per contract if you make 30+ trades a quarter
Annual Fee
None
 
Cryptocurrency Trading
$0
 
Minimum Deposit
$0
$0 for self-directed brokerage accounts; Managed portfolios start at $500 minimum
Mutual Fund Trading
No
$0 for no-load, no-transaction-fee funds; $19.99 for transaction-fee funds
Commission Free ETFsAll U.S. listed ETFs
250+
Phone Support
650-761-7789 (available 24/7)
 
Live Chat SupportAvailable 24/7 (requires sign in) 
Email Support
Yes
 
Human Advisors
No
 
Robo Advisor
No
 
Assets Under Management
$102 Billion
 
Penny Stocks
Yes
Check
Tax Loss Harvesting
No
 
Goal Tracker
No
 
Automatic Deposits
Yes
 
Broker Assisted Trades
Not available
$25 + Regular Commission
Good For
Beginners; Active traders
 
Inactivity Fee
$0
$0
Maintenance Fee
$0
$0
Online Platform
Yes
 
iPhone App
Yes (4.2 stars, 4.3M ratings)
 
Android App
Yes (4.1 stars, 483k ratings)
 
BankingOffers Robinhood spending account with Robinhood Cash Card issued by Sutton BankChecking account offers no minimum balance requirements, free online bill pay, and unlimited debit card and check transactions.
Mobile App
Yes
Check
Desktop App
None
E*TRADE Pro (requires you to execute at least 30 trades during a calendar quarter or maintain brokerage account balance of at least $250,000)
Two-Factor AuthenticationDevice approvals, Authenticator app, SMS 
Forex Trading
No
 
Futures Trading
No
$1.50 per contract, per side + fees (excluding bitcoin futures)
Bond Trading
No
 
CFD Trading
No
 
Currency Trading
No
 
Customer ServiceLive Chat (24 hours via Robinhood app)
Phone: 650-761-7789 (available 24/7)
Email: support@robinhood.com
800-387-2331
Locations
No
 
Online Community
No
 
Seminars
Yes
 
Trading Platform
Web Trading, Mobile Apps
 
Virtual Trading
No
Yes
Fractional Shares
Yes
 
Taxable Accounts
Yes
 
401k Plans
No
 
IRA Accounts
Yes
 
Roth IRA Accounts
Yes
 
SEP IRA Accounts
No
 
Trust Accounts
No
 
529 Plans
No
 
 

CreditDonkey® Reviews

 Robinhood
Stock TradingStarStarStarStarStarStarStarStarStarEmpty Star
Options TradingStarStarStarStarEmpty StarStarStarStarStarEmpty Star
Minimum DepositStarStarStarStarStar
Mobile AppStarStarStarStarEmpty StarStarStarStarStarStar
Commissions and FeesStarStarStarStarStarStarStarStarHalf StarEmpty Star
Customer ServiceStarStarStarStarEmpty Star
Ease of UseStarStarStarStarStarStarStarStarStarStar
ResearchStarEmpty StarEmpty StarEmpty StarEmpty StarStarStarStarStarEmpty Star
BankingStarStarStarEmpty StarEmpty Star
Online CommunityStarStarStarStarEmpty Star
Trading PlatformStarStarStarStarStar
Pros & ConsPros:
  • Commission-free trades
  • No minimum
  • Extended trading hours
Cons:
  • Limited research
  • No mutual funds & bonds
Pros:
  • Expansive set of resources and tools
  • Easy to use website
  • Industry leader
Cons:
  • Trade fees
Bottom LineFree way to trade stocks with limited bells and whistles... Read full reviewOnline broker with one of the best user interfaces... Read full review
 Visit SiteLearn More

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

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

E*TRADE: Pricing information from published website as of 01/04/2024.

Robinhood

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.

Robinhood

Commission-Free Trades

Trade stocks, funds, options, and cryptocurrencies

Which is Better: Robinhood or E*TRADE?

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

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


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.

Robinhood Alternatives

Looking for apps like Robinhood but with a twist? Find the best alternatives with superior features. Do better in online trading with these apps.

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 Fidelity

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.

Is Robinhood Safe

Are you worried about the safety of your investments? Let's examine the security features of Robinhood to determine if it's a reliable choice. Read on.

How Does Robinhood Make Money

Robinhood earns money through payment for order flow, interest rates, and subscriptions. Learn how these factors contribute to Robinhood's success.

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?

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.

Which Do You Think is Best?


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