Using data from the StockBrokers.com 2017 Broker Rankings
, we can compare Betterment vs Wealthfront to determine which broker is better for you. Our database includes thousands of data points on everything from research to trading tools. Let's take a closer look at Betterment and Wealthfront.
First we will break down the commission charges of both brokers for placing stock and options trades. Betterment and Wealthfront both cost $0 per trade. Looking at trading options, Wealthfront's base fee is $-1 while Betterment's is $0. Contracts are pricier at Betterment, costing $0 versus $-1 at Wealthfront, a difference of $1.00 per contract. Note that flat rate trading is not available everywhere though, so it is important to read the complete commission notes for each broker to know the full breakdown (go to any stock broker review
page, then scroll down to the "Commission Notes" section).
Trading fees aside, having access to trade what you want is also an important consideration. Betterment and Wealthfront unfortunately do not provide clients with Stock Trading, Options Trading, Mutual Funds, Forex Trading and Futures Trading. As far as mutual funds go, both Betterment and Wealthfront provide clients with access to total funds. And, commission free ETFs deserve a mention, which in this case means trading a possible funds at both brokers.
Finally, by looking at the most popular features and offerings of each broker, we can really see the differences between the two. Betterment nor Wealthfront has virtual trading. For mobile trading, Betterment and Wealthfront both do not offer the iPhone App, iPad App and Android App. Online banking is also used by many clients, and multiple brokerages provide these services. Banking is not popular with Betterment and Wealthfront as Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are all unavailable. All things considered, when it comes to platform tools, research, and trading via smartphone, Neither Betterment nor Wealthfront were rated Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading.
Overall, Betterment boasts 4.50 stars versus Wealthfront's 4.00 stars.