Comparing brokers side by side is no easy task. For our annual broker review, we assess over a dozen brokers on hundreds of different variables to find the best online broker. Yielding a database of over 4,000 data points, let's compare Chase You Invest Trade vs Robinhood.
To start this comparison, first, we will take a look at the online broker commission rates for placing regular stock and options trades. 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. Robinhood's per contract rate of $0 is less than Chase You Invest Trade which charges $0.75. It's important to note that not all brokers charge a flat fee per trade. Thus, it is important to read the full commission notes for each broker, which we include with each online broker review.
Next to commission rates, being able to trade what you want is important. Robinhood provides its clients with Stock Trading and Options Trading while Chase You Invest Trade provides clients access to Stock Trading, Options Trading and Mutual Funds. Looking at mutual funds, Chase You Invest Trade offers its clients access to 2700 different mutual funds while Robinhood has 0 available funds, a difference of 2,700.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. Chase You Invest Trade nor Robinhood offers virtual trading. Taking a look at mobile trading, Chase You Invest Trade offer clients access to an iPhone App and Android App while Robinhood has an iPhone App, iPad App and Android App. Not to be left out, online banking is also a nice benefit for many investors, and some brokerages provide these services to clients. Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are offered by Chase You Invest Trade while Robinhood offers none of these.
Overall, between Chase You Invest Trade and Robinhood, Robinhood is the winner.
Chase You Invest Trade Review