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E*TRADE vs Robinhood 2021

Is E*TRADE better than Robinhood? After testing 11 of the best online brokers over three months, E*TRADE (94.28%) is better than Robinhood (62.62%). Founded in 1982 as one of the first online brokerages in the United States, E*TRADE highlights include $0 trades, two excellent mobile apps, and the Power E*TRADE platform, which is great for beginners, active trading, and options trading.


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Overall Rating

Feature E*TRADE Robinhood
Overall 4.5 3
Commissions & Fees 4.5 4.5
Offering of Investments 5 2.5
Platforms & Tools 4 2
Mobile Trading 5 4
Research 4.5 2
Education 4 3
Ease of Use 5 5
E*TRADE Review Robinhood Review
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Trading Fees

Feature E*TRADE Robinhood
Minimum Deposit $0.00 $0.00
Stock Trades $0.00 $0.00
ETF Trade Fee $0.00 $0.00
Mutual Fund Trade Fee $19.99 N/A
Options (Base Fee) $0.00 $0.00
Options (Per Contract) $0.65 $0.00
Futures (Per Contract) $1.50 N/A
Broker Assisted Trades Fee $25.00 N/A

Margin Rates

Feature E*TRADE Robinhood
Under $24,999.99 8.95% 2.50%
$25,000.00 to $49,999.99 8.45% 2.50%
$50,000.00 to $99,999.99 7.95% 2.50%
$100,000.00 to $249,999.99 7.45% 2.50%
$250,000.00 to $499,999.99 6.95% 2.50%
$500,000.00 to $999,999.99 6.45% 2.50%
Above $1,000,000.00 5.45% 2.50%

Account Fees

Feature E*TRADE Robinhood
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $60.00 $0.00
Account Transfer Out (Partial) $25.00 $75.00
Account Transfer Out (Full) $75.00 $75.00
Returned ACH Fee $0.00 $9.00
Returned Wire Fee $0.00 $9.00
Stock Certificate Processing Fee $0.00 N/A
Stock Certificate Delivery Fee $75.00 N/A
Paper Statement Fee $2.00 $5.00
Paper Confirmation Fee $0.00 $2.00
Domestic Wire Fee $25.00 $25.00
International Wire Fee $25.00 $50.00

Investment Options

Feature E*TRADE Robinhood
Stock Trading
Yes Yes
Fractional Shares
No Yes
OTCBB / Pink Sheets
Yes No
Options Trading
Yes Yes
Complex Options Max Legs
4 4
Futures Trading
Yes No
Forex Trading
No No
Crypto Trading No Yes
Mutual Funds (No Load)
6584 0
Mutual Funds (Total)
9087 0
Bonds (US Treasury)
Yes No
Bonds (Corporate)
Yes No
Bonds (Municipal)
Yes No
Advisor Services
Yes No
International Trading
No No
AI Assistant Bot
No No

Order Types

Feature E*TRADE Robinhood
Order Type - Market
Yes Yes
Order Type - Limit
Yes Yes
Order Type - Stop
Yes Yes
Order Type - Trailing Stop
Yes Yes
Order Type - Contingent
Yes No
Order Type - MultiContingent
No No
Order Type - OCO
Yes No
Order Type - OTO
Yes No
Order Type - OTOCO
Yes No

Trading Platforms

Feature E*TRADE Robinhood
Desktop Platform (Windows)
No No
Desktop Platform (Mac)
No No
Web Platform
Yes Yes
Paper Trading
Yes No
Trade Journal
No No
Heat Mapping
No No
Watch Lists - Total Fields
95 7

Charting Features

Feature E*TRADE Robinhood
Charting - Trade Off Chart
Yes No
Charting - Indicators / Studies
119 5
Charting - Drawing Tools
31 0
Charting - Historical Trades
Yes No
Charting - Corporate Events
Yes No
Charting - Automated Analysis
Yes No
Charting - Save Profiles
Yes No
Trade Ideas - Technical Analysis
Yes No
Charting - Study Customizations
6 2
Charting - Custom Studies
No No

Day Trading

Feature E*TRADE Robinhood
Stock Alerts - Basic Fields
Yes No
Stock Alerts - Advanced Fields
No No
Streaming Time & Sales
Yes No
Streaming TV
Yes No
Direct Market Routing - Stocks
Yes No
Direct Market Routing - Options
Yes No
Ladder Trading
No No
Trade Hot Keys
Yes No
Level 2 Quotes - Stocks
Yes No
Level 2 Quotes - Options
Yes No
Trade Ideas - Backtesting
No No
Short Locator
No No
Order Liquidity Rebates
No No

Mobile Trading Apps

Feature E*TRADE Robinhood
iPhone App
Yes Yes
Android App
Yes Yes
Apple Watch App
Yes Yes
Trading - Stocks
Yes Yes
Trading - After-Hours
Yes Yes
Trading - Conditional Orders
Yes No
Trading - Mutual Funds
Yes No
Trading - Simple Options
Yes Yes
Trading - Complex Options
Yes Yes
Trading - Option Rolling
No No
Touch / Face ID
Yes Yes
Mobile Trading 5 4

Mobile App Features

Feature E*TRADE Robinhood
Watch List Syncing
Yes Yes
Stock Alerts
Yes No
Charting - After Hours
Yes Yes
Charting - Drawing
No No
Charting - Study Customizations
Yes No
Heatmapping
No No
Stream Live TV
Yes No
Barcode Lookup
Yes No
Mobile Trading 5 4

Research Overview

Feature E*TRADE Robinhood
Research - Stocks
Yes Yes
Research - ETFs
Yes Yes
Research - Mutual Funds
Yes No
Research - Pink Sheets / OTCBB
Yes No
Research - Fixed Income
Yes No
Screener - Stocks
Yes No
Screener - ETFs
Yes No
Screener - Mutual Funds
Yes No
Screener - Options
Yes No
Screener - Bonds
Yes No
Misc - Portfolio Builder
Yes No
Misc - Portfolio Allocation
Yes Yes

Stock Research

Feature E*TRADE Robinhood
Stock Research - Reports
5 0
Stock Research - Earnings
Yes Yes
Stock Research - Insiders
Yes No
Stock Research - Metric Comp
No No
Stock Research - SEC Filings
Yes No
Stock Research - Social
Yes No
Stock Research - Balance Sheet
Yes No
Stock Research - Cash Flows
Yes No
Stock Research - News
Yes Yes
Stock Research - ESG
No No

ETF Research

Feature E*TRADE Robinhood
ETFs - Strategy Overview
Yes Yes
ETFs - Top 10 Holdings
Yes No
ETFs - Sector Exposure
Yes No
ETFs - Risk Analysis
Yes No
ETFs - Performance Analysis
Yes Yes
ETFs - Ratings
Yes No
ETFs - Morningstar StyleMap
Yes No
ETFs - Reports
Yes No

Mutual Fund Research

Feature E*TRADE Robinhood
Mutual Funds - Strategy Overview
Yes No
Mutual Funds - Prospectus
Yes No
Mutual Funds - Reports
Yes No
Mutual Funds - Fees Breakdown
Yes No
Mutual Funds - Top 10 Holdings
Yes No
Mutual Funds - Asset Allocation
Yes No
Mutual Funds - Sector Allocation
Yes No
Mutual Funds - Country Allocation
Yes No
Mutual Funds - StyleMap
Yes No
Mutual Funds - 3rd Party Ratings
Yes No

Options Trading

Feature E*TRADE Robinhood
Option Chains - Streaming
Yes Yes
Option Chains - Total Columns
30 6
Option Chains - Greeks
5 5
Option Chains - Quick Analysis
Yes No
Option Analysis - P&L Charts
Yes No
Option Probability Analysis
Yes No
Option Probability Analysis Adv
Yes No
Option Positions - Greeks
Yes Yes
Option Positions - Adv Analysis
Yes No
Option Positions - Rolling
Yes No
Option Positions - Grouping
Yes Yes

Beginners

Feature E*TRADE Robinhood
Education (Stocks)
Yes Yes
Education (ETFs)
Yes No
Education (Options)
Yes Yes
Education (Mutual Funds)
Yes No
Education (Fixed Income)
Yes No
Education (Retirement)
Yes No
Paper Trading
Yes No
Videos
Yes No
Webinars (Monthly Avg)
25 0
Webinars (Archived)
Yes No
Live Seminars
Yes No
Progress Tracking
No No
Interactive Learning - Quizzes
Yes No

Banking

Feature E*TRADE Robinhood
Retail Locations
30 0
Member FDIC
Yes No
Checking Accounts
Yes No
Savings Accounts
Yes No
Credit Cards
Yes No
Debit Cards
Yes Yes
Mortgage Loans
Yes No
No Fee Banking
No No

Overall

Feature E*TRADE Robinhood
Overall 4.5 3
Commissions & Fees 4.5 4.5
Offering of Investments 5 2.5
Platforms & Tools 4 2
Mobile Trading 5 4
Research 4.5 2
Education 4 3
Ease of Use 5 5
E*TRADE Review Robinhood Review
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Comparing brokers side by side is no easy task. For our 2021 annual broker review, we spent hundreds of hours assessing 11 brokerages to find the best online broker. Let's compare E*TRADE vs Robinhood.

Is E*TRADE or Robinhood better for beginners?
E*TRADE is better for beginner investors than Robinhood. E*TRADE offers investors access to Paper Trading, Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Fixed Income) and Education (Retirement).

What about E*TRADE vs Robinhood pricing?
E*TRADE and Robinhood both cost $0 per trade. With options, the base fee is $0 for both E*TRADE and Robinhood. Robinhood's per contract rate of $0 is less than E*TRADE which charges $0.65. For a complete commissions summary, see our best discount brokers guide.

Does E*TRADE or Robinhood offer a wider range of investment options?
E*TRADE offers a more diverse selection of investment options than Robinhood. E*TRADE offers investors access to Stock Trading, OTCBB / Pink Sheets, Options Trading, Mutual Funds, Futures Trading and Advisor Services. Looking at Mutual Funds, E*TRADE boasts an offering of 9087 mutual funds compared to Robinhood's 0 available funds.

Which trading platform is better: E*TRADE or Robinhood?
To compare the trading platforms of both 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. Debit Cards are offered by Robinhood while E*TRADE offers Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans.

Overall winner: E*TRADE

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All pricing data was obtained from a published web site as of 01/19/2021 and is believed to be accurate, but is not guaranteed. 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.

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