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.
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Robinhood | E*TRADE | |
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Get a Free Stock (worth between $5 and $200) - | Learn more about E*TRADE - | |
Benefits and Features | ||
Stock Trading | ||
Options Trading |
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Annual Fee | ||
Cryptocurrency Trading | ![]() | |
Minimum Deposit | $0 for self-directed brokerage accounts; Managed portfolios start at $500 minimum | |
Mutual Fund Trading | $0 for no-load, no-transaction-fee funds; $19.99 for transaction-fee funds | |
Commission Free ETFs | All U.S. listed ETFs | |
Phone Support | ||
Live Chat Support | ||
Email Support | ||
Human Advisors | ||
Robo Advisor | ||
Assets Under Management | ||
Penny Stocks | ![]() | |
Tax Loss Harvesting | ||
Goal Tracker | ||
Automatic Deposits | ||
Broker Assisted Trades | ||
Customer Service | ||
Good For | ||
Inactivity Fee | ||
Maintenance Fee | ||
Online Platform | ||
iPhone App | ||
Android App | ||
Banking | Checking account offers no minimum balance requirements, free online bill pay, and unlimited debit card and check transactions. | |
Mobile App | ![]() | |
Desktop App | 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 Authentication | ||
Futures Trading | $1.50 per contract, per side + fees (excluding bitcoin futures) | |
Locations | ||
Online Community | ||
Seminars | ||
Virtual Trading | ||
Fractional Shares | ||
Taxable Accounts | ||
401k Plans | ||
IRA Accounts | ||
Roth IRA Accounts | ||
SEP IRA Accounts | ||
Trust Accounts | ||
529 Plans | ||
CreditDonkey® Reviews | ||
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Stock Trading | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Options Trading | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Minimum Deposit | ![]() ![]() ![]() ![]() ![]() | |
Customer Service | ![]() ![]() ![]() ![]() ![]() | |
Mobile App | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Commissions and Fees | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Ease of Use | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Research | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Banking | ![]() ![]() ![]() ![]() ![]() | |
Online Community | ![]() ![]() ![]() ![]() ![]() | |
Trading Platform | ![]() ![]() ![]() ![]() ![]() | |
Pros & Cons | Pros:
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Bottom Line | Free way to trade stocks with limited bells and whistles... | Online broker with one of the best user interfaces... |
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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 12/05//2020. |
Commission-Free Options Investing
Robinhood offers commission-free and no monthly fee options trading.
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 eToro.
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.