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 ChoiceTrade vs Robinhood. Is ChoiceTrade or Robinhood a better online broker?
First, we will make a comparison of the stock and option trading fees for trading with both brokers. ChoiceTrade and Robinhood charge the same amount for regular stock trades, $0. Looking at options, the base fees charged are the same for both brokers, $0. Option contracts are pricier at ChoiceTrade, costing $0.40 versus $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. ChoiceTrade alongside Robinhood offer clients Stock Trading and Options Trading. When it comes to mutual funds, both ChoiceTrade and Robinhood provide clients with access to 0 total mutual funds.
Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. ChoiceTrade offers virtual trading while Robinhood does not. For mobile trading, ChoiceTrade 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. Neither ChoiceTrade nor Robinhood offers Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans.
Overall, between ChoiceTrade and Robinhood, Robinhood is the winner.