Wealthfront vs Robinhood

Wealthfront is a good robo-advisor for hands-off investor. Fees are low, but lack human advisors. How does it compare to Robinhood? Read our comparison chart below.

Wealthfront has a low fee of 0.25% and a minimum of $500 to open an account. Wealthfront offers advanced planning tools to help provide a complete picture of your financial health and track your goals. However, there are no human advisors.

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

	Wealthfront	Robinhood

	Learn More	Visit Site
	SPECIAL OFFER Wealthfront Cash Account - Learn More Read Wealthfront Review	OFFER Get a Free Stock (worth between $5 and $200) - Learn More Read Robinhood Review
	Benefits and Features
Savings	5% APY Cash Management Account
Stock Trading		$0
Options Trading		$0
Annual Fee	0.25%	None
Cryptocurrency Trading		$0
Minimum Deposit	$500	$0
Mutual Fund Trading		No
Commission Free ETFs		All U.S. listed ETFs
Phone Support	Yes	650-761-7789 (available 24/7)
Live Chat Support	No	Available 24/7 (requires sign in)
Email Support	Yes	Yes
Human Advisors	No	No
Robo Advisor		No
Assets Under Management	$10+ Billion	$102 Billion
Penny Stocks		Yes
Tax Loss Harvesting	Yes	No
Goal Tracker	Yes	No
Automatic Deposits	Yes	Yes
Broker Assisted Trades		Not available
Good For		Beginners; Active traders
Inactivity Fee		$0
Maintenance Fee		$0
Online Platform	Yes	Yes
iPhone App	Yes	Yes (4.2 stars, 4.3M ratings)
Android App	Yes	Yes (4.1 stars, 483k ratings)
Banking		Offers Robinhood spending account with Robinhood Cash Card issued by Sutton Bank
Mobile App	Yes	iOS & Android
Desktop App		None
Two-Factor Authentication		Device approvals, Authenticator app, SMS
Forex Trading		No
Futures Trading		No
Bond Trading		No
CFD Trading		No
Currency Trading		No
Customer Service		Live 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
Single Stock Diversification	Yes
Fractional Shares	No	Yes
Taxable Accounts	Yes	Yes
401k Plans	No	No
IRA Accounts	Yes	Yes
Roth IRA Accounts	Yes	Yes
SEP IRA Accounts	Yes	No
Trust Accounts	Yes	No
529 Plans	Yes	No
	CreditDonkey® Reviews

Annual Fee
Minimum Deposit
Investment Types
Customer Service
Stock Trading
Options Trading
Mobile App
Commissions and Fees
Ease of Use
Research
Pros & Cons	Pros: Minimal opening deposit & fees Advanced goal tracker Tax loss harvesting Cons: No human advisors No fractional shares	Pros: Commission-free trades No minimum Extended trading hours Cons: Limited research No mutual funds & bonds
Bottom Line	Good robo-advisor for hands-off investor. Fees are low, but lack human advisors... Read full review	Free way to trade stocks with limited bells and whistles... Read full review
	Learn More	Visit Site
	Wealthfront Cash Account	Get a Free Stock (worth between $5 and $200) Commission-Free Trades Buy and Sell Cryptocurrency
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Wealthfront: Pricing information from published website as of 04/20/2024. Robinhood: Pricing information from published websites as of 08/13/2024.

Get a Free Stock (worth between $5 and $200)

Get a Free Stock

Commission-Free Trades

Get Deal

Trade stocks, funds, options, and cryptocurrencies

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.

Get Deal

Which is Better: Wealthfront or Robinhood?

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

In short: Robinhood's customer service is noteworthy.

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