The StockBrokers.com annual broker review assesses more than a dozen different brokers over six months, surfacing the best online stock brokers. This review compares Chase You Invest Trade vs Robinhood. Is Chase You Invest Trade or Robinhood a better online broker?
First, we will make a comparison of the stock and option trading fees for trading with both brokers. Chase You Invest Trade charges more than Robinhood for placing regular stock trades ($2.95 and $0, respectively). For options trading, Chase You Invest Trade has a base fee of $2.95, and Robinhood a base fee of $0. Each option contract then costs $0.75 at Chase You Invest Trade and $0 at Robinhood. Note that some brokers charge a per-share fee instead of a flat-fee commission. For a full breakdown of commissions, read our online broker reviews.
For our next comparison of these two brokers, being able to trade the way you want is a must. Robinhood supports Stock Trading and Options Trading while Chase You Invest Trade supports Stock Trading, Options Trading and Mutual Funds. When it comes to mutual funds, Chase You Invest Trade boasts an offering of 3500 mutual funds compared to Robinhood's 0 available funds.
Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. Chase You Invest Trade nor Robinhood offers virtual trading. For mobile trading, Chase You Invest Trade offers the iPhone App and Android App while Robinhood offers the iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are available to clients of Chase You Invest Trade while Robinhood offers customers none of these.
Overall, between Chase You Invest Trade and Robinhood, Chase You Invest Trade is the winner.
Chase You Invest Trade Review