E*TRADE vs Robinhood Review
Using data from our latest annual broker review which tested more than a dozen different online brokers over six months, we can compare E*TRADE vs Robinhood to determine which broker is best. Let's dive in.
First, we will break down the commission charges of both brokers for placing stock and options trades. E*TRADE charges $6.95 per stock trade which is $6.95 more than Robinhood which charges customers $0 per trade. With options, the base fees charged are $6.95 (E*TRADE) and $0 (Robinhood). Robinhood's per contract rate of $0 is less than E*TRADE which charges $0.75. Instead of flat rate fees, several brokers charge a per-share fee instead. For a complete review of trading charges, read our full online broker reviews.
Next, investors want to make sure they can trade the investment vehicle they want. Robinhood offers clients Stock Trading and Options Trading while E*TRADE offers Stock Trading, Options Trading, Mutual Funds and Futures Trading. As far as mutual funds go, Robinhood trails E*TRADE by 8,998 total mutual funds, with E*TRADE offering 8998 and Robinhood offering 0. And, commission free ETFs deserve a comparison, with Robinhood having the upper hand thanks to its 499 available commission free ETFs compared to E*TRADE's offering of 270.
Finally, by comparing the each broker's website and platform features, we can surface interesting differences. Neither E*TRADE and Robinhood offer virtual trading. For mobile trading, E*TRADE along with Robinhood both support the iPhone App, iPad App and Android App. Online banking is also used by many customers, and multiple full-service brokerages provide these services. Checking Accounts and Debit Cards are offered by E*TRADE while Robinhood offers none of these. All factors considered, when it comes to platform tools, research, and mobile trading, E*TRADE posted awards Best in Class - Research and Best in Class - Mobile Trading in 2018, while Robinhood found itself with none of these.
Overall, E*TRADE takes the upper hand with 4.50 stars over Robinhood's 2.50 stars.
First, we will break down the commission charges of both brokers for placing stock and options trades. E*TRADE charges $6.95 per stock trade which is $6.95 more than Robinhood which charges customers $0 per trade. With options, the base fees charged are $6.95 (E*TRADE) and $0 (Robinhood). Robinhood's per contract rate of $0 is less than E*TRADE which charges $0.75. Instead of flat rate fees, several brokers charge a per-share fee instead. For a complete review of trading charges, read our full online broker reviews.
Next, investors want to make sure they can trade the investment vehicle they want. Robinhood offers clients Stock Trading and Options Trading while E*TRADE offers Stock Trading, Options Trading, Mutual Funds and Futures Trading. As far as mutual funds go, Robinhood trails E*TRADE by 8,998 total mutual funds, with E*TRADE offering 8998 and Robinhood offering 0. And, commission free ETFs deserve a comparison, with Robinhood having the upper hand thanks to its 499 available commission free ETFs compared to E*TRADE's offering of 270.
Finally, by comparing the each broker's website and platform features, we can surface interesting differences. Neither E*TRADE and Robinhood offer virtual trading. For mobile trading, E*TRADE along with Robinhood both support the iPhone App, iPad App and Android App. Online banking is also used by many customers, and multiple full-service brokerages provide these services. Checking Accounts and Debit Cards are offered by E*TRADE while Robinhood offers none of these. All factors considered, when it comes to platform tools, research, and mobile trading, E*TRADE posted awards Best in Class - Research and Best in Class - Mobile Trading in 2018, while Robinhood found itself with none of these.
Overall, E*TRADE takes the upper hand with 4.50 stars over Robinhood's 2.50 stars.
Overall
Commissions & Fees
Offering of Investments
Platforms & Tools
Research
Customer Service
Mobile Trading
Ease of Use
Education
Order Execution
Banking
Minimum Deposit
Stock Trade Fee (flat)
Options Base Fee
Options Per Contract Fee
Mutual Fund Trade Fee
Broker Assisted Trades Fee
IRA Annual Fee
IRA Closure Fee
Stock Trading
OTCBB / Pink Sheets
Options Trading
Complex Options Max Legs
Futures Trading
Forex Trading
Commission-Free ETFs
Mutual Funds (No Load)
Mutual Funds (Total)
Bonds (US Treasury)
Bonds (Corporate)
Bonds (Municipal)
Advisor Services
International Trading
Advantage
Order Type - Market
Order Type - Limit
Order Type - Stop
Order Type - Trailing Stop
Order Type - Contingent
Order Type - MultiContingent
Order Type - OCO
Order Type - OTO
Order Type - OTOCO
Order Type - Algo
Advantage
Desktop Platform (Windows)
Desktop Platform (Mac)
Web Platform
Virtual Trading
Watch Lists - Total Fields
Two-Factor Authentication Login
Charting - Trade Off Chart
Charting - Drawing Tools
Charting - Indicators / Studies
Charting - Historical Trades
Charting - Save Profiles
Charting - Study Customizations
Charting - Custom Studies
Option Chains - Total Columns
Option Chains - Greeks Viewable
Option Analysis - P&L Charts
Option Positions - Rolling
Heat Mapping
Advantage
Stock Alerts - Basic Fields
Stock Alerts - Advanced Fields
Streaming Time & Sales
Streaming TV
Direct Market Routing - Stocks
Direct Market Routing - Options
Ladder Trading
Trade Hot Keys
Level 2 Quotes - Stocks
Level 2 Quotes - Options
Trade Ideas - Backtesting
Client Liquidity Rebates
Advantage
Research - Stocks
Research - ETFs
Research - Mutual Funds
Research - Pink Sheets / OTCBB
Research - Fixed Income
Research - Futures
Research - Forex
Screener - Stocks
Screener - ETFs
Screener - Mutual Funds
Screener - Options
Screener - Bonds
Misc - Portfolio Allocation
Misc - Portfolio Builder
Stock Research - Earnings
Stock Research - SEC Filings
Stock Research - Insiders
Stock Research - Social
Stock Research - Reports
ETF Research - Top 10 Holdings
ETF Research - Reports
ETF Research - Ratings
Mutual Fund Research - Reports
Advantage
iPhone App
Android App
Apple Watch App
Trading - Stocks
Trading - After-Hours
Trading - Conditional Orders
Trading - Mutual Funds
Trading - Simple Options
Trading - Complex Options
Trading - Option Rolling
Touch / Face ID
Watch List Syncing
Stock Alerts - Basic Fields
Stock Alerts - Advanced Fields
Charting - After Hours
Charting - Study Customizations
Customizable Homescreen
Heatmapping
Stream Live TV
Barcode Lookup
Advantage
Retail Locations
Member FDIC
Checking Accounts
Savings Accounts
Credit Cards
Debit Cards
Mortgage Loans
No Fee Banking
Advantage
Under $24,999.99
$25,000.00 to $49,999.99
$50,000.00 to $99,999.99
$100,000.00 to $249,999.99
$250,000.00 to $499,999.99
$500,000.00 to $999,999.99
Above $1,000,000.00
Has Education - Stocks
Has Education - ETFs
Has Education - Options
Has Education - Mutual Funds
Has Education - Fixed Income
Has Education - Retirement
Videos
Webinars (Monthly Avg)
Webinars (Archived)
Live Seminars
Progress Tracking
Interactive Learning - Quizzes
Magazine
Advantage
Overall
Advantage
Comparing 2 brokers
E*TRADE
Special Offer
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Yes
Yes
Yes
4
Yes
No
295
6266
9062
Yes
Yes
Yes
Yes
No
check_circle
Yes
Yes
Yes
Yes
Yes
No
Yes
Yes
Yes
No
check_circle
Yes
Yes
Yes
No
125
Yes
Yes
33
118
Yes
Yes
6
No
30
5
Yes
Yes
No
check_circle
Yes
No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
check_circle
Yes
Yes
Yes
Yes
Yes
Yes
No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
4
Yes
Yes
Yes
Yes
check_circle
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
Yes
Yes
Yes
No
Yes
Yes
Yes
Yes
Yes
Yes
check_circle
30
Yes
Yes
Yes
No
Yes
No
No
check_circle
10.50%
10.25%
9.75%
9.25%
8.75%
8.25%
7.25%
Yes
Yes
Yes
Yes
Yes
Yes
Yes
12
Yes
Yes
No
Yes
No
check_circle
check_circle
Robinhood
Yes
No
Yes
4
No
No
all
0
0
No
No
No
No
No
Yes
Yes
Yes
No
No
No
No
No
No
No
No
No
Yes
No
7
Yes
No
0
0
No
No
0
No
5
0
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
Yes
Yes
No
No
No
No
No
No
No
No
No
No
Yes
No
Yes
No
No
No
0
No
No
No
No
Yes
Yes
Yes
Yes
Yes
No
No
Yes
Yes
No
Yes
Yes
Yes
No
Yes
No
No
No
No
No
0
No
No
No
No
No
No
No
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
Yes
No
Yes
No
No
No
No
0
No
No
No
No
No
All pricing data was obtained from a published web site as of 09/01/18 and is believed to be accurate, but is not guaranteed. The StockBrokers.com staff is constantly working with its online broker representatives to obtain the latest pricing data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply.
