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Robinhood vs Goldco

Robinhood is a free way to trade stocks with limited bells and whistles. How does it compare to Goldco? 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 Goldco is one of the most popular gold IRA companies. It stands out for its large selection of gold and silver coins, highest price buyback guarantee, and thousands of 5-star reviews. The minimum investment is $25,000.

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

 RobinhoodGoldco
 Visit SiteVisit Site
 

Robinhood

Goldco

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

Read Robinhood Review

SPECIAL OFFER
Free Gold IRA Kit - Learn More

Read Goldco Review

 

Benefits and Features

Stock Trading
$0
 
Options Trading
$0
 
Annual Fee
None
Varies depending on custodian
Cryptocurrency Trading
$0
 
Minimum Deposit
$0
$25,000
Mutual Fund Trading
No
 
Commission Free ETFsAll U.S. listed ETFs 
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
 
Gold IRA 
Check
Tax Loss Harvesting
No
 
Goal Tracker
No
 
Setup Fee 
$50
Automatic Deposits
Yes
 
Broker Assisted Trades
Not available
 
Good For
Beginners; Active traders
 
Inactivity Fee
$0
 
Maintenance Fee
$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 Bank 
Mobile App
Yes
 
Desktop App
None
 
Silver IRA 
Check
Wire Transfer Fee
No
$30
Platinum IRA 
Check
Palladium IRA 
Check
Two-Factor AuthenticationDevice approvals, Authenticator app, SMS 
Forex Trading
No
 
Futures Trading
No
 
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
 
Locations
No
 
Online Community
No
 
Seminars
Yes
 
Trading Platform
Web Trading, Mobile Apps
 
Virtual Trading
No
 
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

 RobinhoodGoldco
Stock TradingStarStarStarStarStar
Options TradingStarStarStarStarEmpty Star
Minimum DepositStarStarStarStarStarStarStarStarHalf StarEmpty Star
Mobile AppStarStarStarStarEmpty Star
Commissions and FeesStarStarStarStarStar
Customer ServiceStarStarStarStarEmpty StarStarStarStarStarStar
Ease of UseStarStarStarStarStar
ResearchStarEmpty StarEmpty StarEmpty StarEmpty Star
FeesStarStarStarEmpty StarEmpty Star
Gold IRAStarStarStarStarEmpty Star
SafetyStarStarStarStarStar
Pros & ConsPros:
  • Commission-free trades
  • No minimum
  • Extended trading hours
Cons:
  • Limited research
  • No mutual funds & bonds
Pros:
  • Highest buyback price guarantee
  • Free silver promotion
  • A+ BBB rating
Cons:
  • $25,000 min
Bottom LineFree way to trade stocks with limited bells and whistles... Read full reviewVery reputable Gold IRA account, but preferred custodian's fees may be higher than competitors... Read full review
 Visit SiteVisit Site

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.

Goldco: The required minimum purchase at Goldco to start a gold IRA is $25,000. Goldco’s preferred Custodian charges a flat annual account service fee which includes a one-time IRA account set-up fee of $50, as well as a $30 wire fee. Annual maintenance is $100, and storage is $150 for segregated storage or $100 for non-segregated storage. Fees for gold storage and custodianship can vary depending on the company you select to handle these services (required by the IRS, as all IRA assets must be managed by a custodian). Depending on the Custodian, storage fees can range from $10 to $60 per month, or as a percentage of assets, from 0.35% to 1% annually. Goldco does not charge any storage fees for cash transactions over $25,000.

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

Goldco

Free Gold IRA Kit

  • Up to $10,000 in free silver for eligible customers
  • Highest buyback price, guaranteed
  • Endorsed by Sean Hannity and Chuck Norris
Goldco

Get Up to $10,000 in Free Silver

Open a qualifying gold IRA and get up to $10,000 in free silver

Which is Better: Robinhood or Goldco?

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

In short: Robinhood's minimum deposit is impressive. Goldco's customer service is outstanding.


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.

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 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.

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 Goldco

Goldco

Is Goldco the best precious metals company? Find out the truth about the fees, common complaints, and minimum investment requirement in this review.

Which Do You Think is Best?


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