E*TRADE vs Robinhood Comparison
Comparing brokers side by side is no easy task. For our 2023 annual broker review, we spent hundreds of hours assessing 17 brokerages to find the best online broker. Let's compare E*TRADE vs Robinhood.
Is E*TRADE or Robinhood better for beginners?
E*TRADE offers more comprehensive new investor education for beginner investors than Robinhood. E*TRADE offers investors access to Paper Trading, Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Bonds) and Education (Retirement), while Robinhood offers investors access to Education (Stocks) and Education (Options).
What about E*TRADE vs Robinhood pricing?
E*TRADE and Robinhood charge the same amount for regular stock trades, $0.00. Option contracts are pricier at E*TRADE, costing $0.65 per contract versus $0.00 per contract at Robinhood. For a complete commissions summary, see our best brokers for free stock trading guide.
Does E*TRADE or Robinhood offer a wider range of investment options?
E*TRADE offers investors access to Stock Trading, Options Trading, OTCBB / Pink Sheets, Mutual Funds, Futures Trading and Advisor Services, while Robinhood offers investors access to Stock Trading, Fractional Shares and Options Trading, neither have Forex Trading. Looking at Mutual Funds, Robinhood trails E*TRADE in its offering of no transaction fee (NTF) mutual funds, with E*TRADE offering 4377 and Robinhood offering 0.
Which trading platform is better: E*TRADE or Robinhood?
To compare the trading platforms of E*TRADE and Robinhood, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, E*TRADE offers a better experience. With research, E*TRADE offers superior market research. Finally, we found E*TRADE to provide better mobile trading apps.
Does either broker offer banking?
Online banking can be a benefit for investors, and some brokerages do provide banking services to customers. Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are offered by E*TRADE while Robinhood offers Debit Cards.
Is E*TRADE good?
E*TRADE is a top-performing broker whose highlights include $0 trades, two excellent mobile apps and the Power E*TRADE platform. Crypto, however, is not available.
Is Robinhood good?
Robinhood is very easy to use and its educational content is a joy to read. But, in today’s competitive market for your investing dollars, there are several more compelling options among brokerages.
E*TRADE vs Robinhood Winner
Overall winner: E*TRADE
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