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E*TRADE vs Robinhood 2019
The StockBrokers.com annual review (9 years running) takes six months to complete and produces over 30,000 words of research each year. Here's how we test.
Is Robinhood better than E*TRADE? After scoring brokers in nine separate categories for our 2019 review, E*TRADE (83.68%) is better than Robinhood (46.99%). Founded in 1982, E*TRADE is a full-service online broker that charges $6.95 for stock trades with discounts for active traders. While E*TRADE may not offer the cheapest trades, the Power E*TRADE platform is excellent for options trading, and the broker offers two great mobile apps.
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Promo Offer
Trade commission-free for 60 days & get up to $600. Join E*TRADE today! Open Account
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| Open Account |
Overall Rating
| Feature | E*TRADE | Robinhood |
| Overall | ||
| E*TRADE Review | Robinhood Review |
Trading Fees
| Feature | E*TRADE | Robinhood |
| Minimum Deposit | $500.00 | $0.00 |
| Stock Trade Fee (per trade) | $6.95 | $0.00 |
| ETF Trade Fee | $6.95 | $0.00 |
| Options Base Fee | $6.95 | $0.00 |
| Options Per Contract Fee | $0.75 | $0.00 |
| Mutual Fund Trade Fee | $19.99 | N/A |
| Broker Assisted Trades Fee | $25.00 | $0.00 |
| Commissions & Fees | ||
| Winner | check_circle |
Margin Rates
| Feature |
E*TRADE
Open Account |
Robinhood |
| Under $24,999.99 | 10.50% | 5.00% |
| $25,000.00 to $49,999.99 | 10.25% | 5.00% |
| $50,000.00 to $99,999.99 | 9.75% | 5.00% |
| $100,000.00 to $249,999.99 | 9.25% | 5.00% |
| $250,000.00 to $499,999.99 | 8.75% | 5.00% |
| $500,000.00 to $999,999.99 | 8.25% | 5.00% |
| Above $1,000,000.00 | 7.25% | 5.00% |
| Commissions & Fees | ||
| 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 |
Investment Options
| Feature | E*TRADE | Robinhood |
|
Stock Trading |
Yes | Yes |
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OTCBB / Pink Sheets |
Yes | No |
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Options Trading |
Yes | Yes |
|
Complex Options Max Legs |
4 | 4 |
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Futures Trading |
Yes | No |
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Forex Trading |
No | No |
| Commission-Free ETFs | 295 | all |
|
Mutual Funds (No Load) |
6266 | 0 |
|
Mutual Funds (Total) |
9062 | 0 |
|
Bonds (US Treasury) |
Yes | No |
|
Bonds (Corporate) |
Yes | No |
|
Bonds (Municipal) |
Yes | No |
|
Advisor Services |
Yes | No |
|
International Trading |
No | No |
| Offering of Investments | ||
| 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 | No |
|
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 | ||
| Winner | check_circle |
Trading Platforms
| Feature | E*TRADE | Robinhood |
|
Desktop Platform (Windows) |
Yes | No |
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Desktop Platform (Mac) |
Yes | No |
|
Web Platform |
Yes | Yes |
|
Paper Trading |
Yes | No |
|
Trade Journal |
No | No |
|
Watch Lists - Total Fields |
125 | 7 |
|
Two-Factor Authentication Login |
Yes | Yes |
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Heat Mapping |
No | No |
| Platforms & Tools | ||
| Winner | check_circle |
Charting Features
| Feature | E*TRADE | Robinhood |
|
Charting - Trade Off Chart |
Yes | No |
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Charting - Indicators / Studies |
118 | 0 |
|
Charting - Drawing Tools |
33 | 0 |
|
Charting - Historical Trades |
Yes | No |
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Charting - Corporate Events |
Yes | No |
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Charting - Automated Analysis |
No | No |
|
Charting - Save Profiles |
Yes | No |
|
Charting - Study Customizations |
6 | 0 |
|
Charting - Custom Studies |
No | No |
| Platforms & Tools | ||
| 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 |
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Direct Market Routing - Stocks |
Yes | No |
|
Direct Market Routing - Options |
Yes | No |
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Ladder Trading |
Yes | No |
|
Trade Hot Keys |
Yes | No |
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Level 2 Quotes - Stocks |
Yes | No |
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Level 2 Quotes - Options |
Yes | No |
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Trade Ideas - Backtesting |
Yes | No |
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Short Locator |
No | No |
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Client Liquidity Rebates |
No | No |
| Winner | check_circle |
Mobile Trading Apps
| Feature | E*TRADE | Robinhood |
|
iPhone App |
Yes | Yes |
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Android App |
Yes | Yes |
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Apple Watch App |
Yes | Yes |
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Trading - Stocks |
Yes | Yes |
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Trading - After-Hours |
Yes | Yes |
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Trading - Conditional Orders |
Yes | No |
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Trading - Mutual Funds |
Yes | No |
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Trading - Simple Options |
Yes | Yes |
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Trading - Complex Options |
Yes | Yes |
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Trading - Option Rolling |
No | No |
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Touch / Face ID |
Yes | Yes |
| Winner | check_circle |
Mobile App Features
| Feature | E*TRADE | Robinhood |
|
Watch List Syncing |
Yes | Yes |
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Stock Alerts - Basic Fields |
Yes | Yes |
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Charting - After Hours |
Yes | Yes |
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Charting - Drawing |
No | No |
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Charting - Study Customizations |
Yes | No |
|
Customizable Homescreen |
Yes | No |
|
Heatmapping |
Yes | No |
|
Stream Live TV |
Yes | No |
|
Barcode Lookup |
Yes | No |
| Mobile Trading | ||
| Winner | check_circle |
Research Overview
| Feature | E*TRADE | Robinhood |
|
Research - Stocks |
Yes | Yes |
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Research - ETFs |
Yes | Yes |
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Research - Mutual Funds |
Yes | No |
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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 | ||
| Winner | check_circle |
Stock Research
| Feature | E*TRADE | Robinhood |
|
Stock Research - Reports |
4 | 0 |
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Stock Research - Earnings |
Yes | Yes |
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Stock Research - Insiders |
Yes | No |
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Stock Research - Metric Comp |
No | No |
|
Stock Research - SEC Filings |
Yes | No |
|
Stock Research - Social |
Yes | No |
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Stock Research - Balance Sheet |
Yes | No |
|
Stock Research - Cash Flows |
Yes | No |
|
Stock Research - News |
Yes | Yes |
|
Stock Research - ESG |
No | No |
| Research | ||
| 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 | ||
| Winner | check_circle |
Mutual Fund Research
| Feature | E*TRADE | Robinhood |
|
Mutual Funds - Strategy Overview |
Yes | No |
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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 |
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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 | ||
| Winner | check_circle |
Options Trading
| Feature | E*TRADE | Robinhood |
|
Option Chains - Streaming |
Yes | No |
|
Option Chains - Total Columns |
30 | 5 |
|
Option Chains - Greeks |
5 | 0 |
|
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 | No |
|
Option Positions - Adv Analysis |
Yes | No |
|
Option Positions - Rolling |
Yes | No |
|
Option Positions - Grouping |
Yes | No |
| Platforms & Tools | ||
| 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 | ||
| 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 | ||
| Winner | check_circle |
Overall
| Feature | E*TRADE | Robinhood |
| E*TRADE Review | Robinhood Review | |
| Overall | ||
| Winner | check_circle |
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 more than Robinhood for placing regular stock trades ($6.95 and $0, respectively). Looking at trading options, Robinhood's base fee is $0 while E*TRADE's is $6.95. 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 provides its clients with Stock Trading and Options Trading while E*TRADE provides clients access to Stock Trading, Options Trading, Mutual Funds and Futures Trading. As far as mutual funds go, E*TRADE boasts an offering of 9062 mutual funds compared to Robinhood's 0 available funds.
Finally, by comparing the each broker's website and platform features, we can surface interesting differences. E*TRADE has virtual trading, Robinhood doesn't. For mobile trading, Both E*TRADE and Robinhood offer clients access to an iPhone App, iPad App and Android App. Online banking is also used by many customers, and multiple full-service brokerages provide these services. Clients can have Checking Accounts, Savings Accounts and Debit Cards at E*TRADE while customers at Robinhood can have none of these.
Overall, between E*TRADE and Robinhood, E*TRADE is the winner.
E*TRADE Review
Robinhood Review
First, we will break down the commission charges of both brokers for placing stock and options trades. E*TRADE charges more than Robinhood for placing regular stock trades ($6.95 and $0, respectively). Looking at trading options, Robinhood's base fee is $0 while E*TRADE's is $6.95. 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 provides its clients with Stock Trading and Options Trading while E*TRADE provides clients access to Stock Trading, Options Trading, Mutual Funds and Futures Trading. As far as mutual funds go, E*TRADE boasts an offering of 9062 mutual funds compared to Robinhood's 0 available funds.
Finally, by comparing the each broker's website and platform features, we can surface interesting differences. E*TRADE has virtual trading, Robinhood doesn't. For mobile trading, Both E*TRADE and Robinhood offer clients access to an iPhone App, iPad App and Android App. Online banking is also used by many customers, and multiple full-service brokerages provide these services. Clients can have Checking Accounts, Savings Accounts and Debit Cards at E*TRADE while customers at Robinhood can have none of these.
Overall, between E*TRADE and Robinhood, E*TRADE is the winner.
E*TRADE Review
Robinhood Review
All pricing data was obtained from a published web site as of 02/18/2019 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.
