menu

arrow_drop_up arrow_drop_down Select Brokers

    ×
StockBrokers.com is committed to the highest ethical standards and reviews services independently. Advertiser Disclosure

E*TRADE vs Robinhood 2020

StockBrokers.com | January 21st, 2020

  1. Home
  2. Compare
  3. E*TRADE vs Robinhood Review

Is E*TRADE better than Robinhood? Based on 3,540 data points from our 2020 annual broker review, E*TRADE (91.53%) is better than Robinhood (62.62%).

E*TRADE

Best web platform - Open Account
Promo Offer: Get $100 when you deposit just $5,000 into a new E*TRADE account!

Founded in 1982 as one of the first online brokerages in the United States, E*TRADE understands what investors need to succeed in the market. E*TRADE highlights include $0 trades, two excellent mobile apps, and the Power E*TRADE platform, which is great for options trading. Read full review

Robinhood

Robinhood
Robinhood used to shine thanks to its easy-to-use mobile app and $0 trades. However, today, all of the largest online brokers offer free stock and ETF trades. As a result, it is much more difficult for Robinhood to outduel the competition. Read full review

Overall Rating

Feature E*TRADE Robinhood
Overall 4.5 3
E*TRADE Review Robinhood Review

Trading Fees

Feature E*TRADE Robinhood
Minimum Deposit $0.00 $0.00
Stock Trade Fee (per trade) $0.00 $0.00
ETF Trade Fee $0.00 $0.00
Options Base Fee $0.00 $0.00
Options Per Contract Fee $0.65 $0.00
Mutual Fund Trade Fee $19.99 N/A
Broker Assisted Trades Fee $25.00 $0.00
Commissions & Fees 4.5 4.5
Winner check_circle

Margin Rates

Feature E*TRADE Robinhood
Under $24,999.99 10.00% 5.00%
$25,000.00 to $49,999.99 9.75% 5.00%
$50,000.00 to $99,999.99 9.25% 5.00%
$100,000.00 to $249,999.99 8.75% 5.00%
$250,000.00 to $499,999.99 8.25% 5.00%
$500,000.00 to $999,999.99 7.75% 5.00%
Above $1,000,000.00 6.75% 5.00%
Commissions & Fees 4.5 4.5
Winner check_circle

Account Fees

Feature E*TRADE Robinhood
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $60.00 $0.00
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
Commissions & Fees 4.5 4.5

Investment Options

Feature E*TRADE Robinhood
Stock Trading
 Yes Yes
Fractional Shares
 No No
OTCBB / Pink Sheets
 Yes No
Options Trading
 Yes Yes
Complex Options Max Legs
 4 4
Futures Trading
 Yes No
Forex Trading
 No No
Commission-Free ETFs all all
Mutual Funds (No Load)
 6663 0
Mutual Funds (Total)
 9291 0
Bonds (US Treasury)
 Yes No
Bonds (Corporate)
 Yes No
Bonds (Municipal)
 Yes No
Interest Sharing
 No No
Advisor Services
 Yes No
International Trading
 No No
Offering of Investments 4.5 2
Winner check_circle

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
Offering of Investments 4.5 2
Winner check_circle

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
Watch Lists - Total Fields
 125 7
Heat Mapping
 No No
AI Assistant Bot
 No No
Platforms & Tools 4.5 2
Winner check_circle

Charting Features

Feature E*TRADE Robinhood
Charting - Trade Off Chart
 Yes No
Charting - Indicators / Studies
 119 5
Charting - Drawing Tools
 32 0
Charting - Historical Trades
 Yes No
Charting - Corporate Events
 Yes No
Charting - Automated Analysis
 Yes No
Charting - Save Profiles
 Yes No
Charting - Study Customizations
 6 2
Charting - Custom Studies
 No No
Platforms & Tools 4.5 2
Winner check_circle

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
Winner check_circle

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
Winner check_circle

Mobile App Features

Feature E*TRADE Robinhood
Watch List Syncing
Yes Yes
Stock Alerts
 Yes Yes
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
Winner check_circle

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
Research 4.5 2
Winner check_circle

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
Research 4.5 2
Winner check_circle

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
Research 4.5 2
Winner check_circle

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
Research 4.5 2
Winner check_circle

Options Trading

Feature E*TRADE Robinhood
Option Chains - Streaming
 Yes No
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 No
Platforms & Tools 4.5 2
Winner check_circle

Beginners

Feature E*TRADE Robinhood
Has Education - Stocks
 Yes Yes
Has Education - ETFs
 Yes No
Has Education - Options
 Yes Yes
Has Education - Mutual Funds
 Yes No
Has Education - Fixed Income
 Yes No
Has Education - Retirement
 Yes No
Paper Trading
 Yes No
Videos
 Yes No
Webinars (Monthly Avg)
 12 0
Webinars (Archived)
 Yes No
Live Seminars
 Yes No
Progress Tracking
 No No
Interactive Learning - Quizzes
 Yes No
Investor Magazine
 No No
Education 4 3
Winner check_circle

Banking

Feature E*TRADE Robinhood
Retail Locations
 30 0
Member FDIC
 Yes No
Checking Accounts
 Yes No
Savings Accounts
 Yes No
Credit Cards
 No No
Debit Cards
 Yes No
Mortgage Loans
 No No
No Fee Banking
 No No
Banking 4 0.5

Overall

Feature E*TRADE Robinhood
E*TRADE Review Robinhood Review
Overall 4.5 3
Winner check_circle

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 E*TRADE vs Robinhood. Is E*TRADE or Robinhood a better online broker?

First, we will make a comparison of the stock and option trading fees for trading with both brokers. E*TRADE and Robinhood have equal fees for trading stocks (equities), $0 per trade. Looking at options, the base fees charged are the same for both brokers, $0. Option contracts are pricier at E*TRADE, costing $0.65 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. Robinhood offers clients Stock Trading and Options Trading while E*TRADE offers Stock Trading, Options Trading, Mutual Funds and Futures Trading. When it comes to mutual funds, Robinhood trails E*TRADE by 9,291 total mutual funds, with E*TRADE offering 9291 and Robinhood offering 0.

Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. E*TRADE offers virtual trading while Robinhood does not. For mobile trading, E*TRADE along with Robinhood both support the iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Checking Accounts, Savings Accounts and Debit Cards are offered by E*TRADE while Robinhood offers none of these.

Overall, between E*TRADE and Robinhood, E*TRADE is the winner.

E*TRADE Review
Robinhood Review

Related Comparisons


E*TRADE vs. Charles Schwab Robinhood vs. Charles Schwab E*TRADE vs. Fidelity E*TRADE vs. Merrill Edge E*TRADE vs. TD Ameritrade Robinhood vs. TD Ameritrade Robinhood vs. TradeStation

All pricing data was obtained from a published web site as of 01/20/2020 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.

arrow_drop_upBack to top
×