Firstrade vs Robinhood Comparison
Comparing brokers side by side is no easy task. For our 2022 annual broker review, we spent hundreds of hours assessing 15 brokerages to find the best online broker. Let's compare Firstrade vs Robinhood.
Is Firstrade or Robinhood better for beginners?
Firstrade offers more comprehensive new investor education for beginner investors than Robinhood. Firstrade offers investors access to Videos, Education (Stocks), Education (Options) and Education (Retirement), while Robinhood offers investors access to Education (Stocks) and Education (Options), neither have Paper Trading, Education (ETFs), Education (Mutual Funds) and Education (Bonds).
What about Firstrade vs Robinhood pricing?
Firstrade and Robinhood charge the same amount for regular stock trades, $0.00. Firstrade and Robinhood both charge $0.00 per option contract. For a complete commissions summary, see our best brokers for free stock trading guide.
Does Firstrade or Robinhood offer a wider range of investment options?
Firstrade offers investors access to Stock Trading, Options Trading, OTCBB / Pink Sheets and Mutual Funds, while Robinhood offers investors access to Stock Trading, Fractional Shares and Options Trading, neither have Futures Trading, Forex Trading and Advisor Services. Looking at Mutual Funds, Robinhood trails Firstrade in its offering of no transaction fee (NTF) mutual funds, with Firstrade offering 3767 and Robinhood offering 0.
Which trading platform is better: Firstrade or Robinhood?
To compare the trading platforms of Firstrade and Robinhood, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Firstrade offers a better experience. With research, Firstrade offers superior market research. Finally, we found Firstrade 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 and Debit Cards are offered by Firstrade while Robinhood offers Debit Cards, neither have Savings Accounts, Credit Cards and Mortgage Loans.
Is Firstrade good?
Firstrade scored well in our 2022 Annual Review for ease of use, and is a great choice for Chinese-speaking investors. However, it lags behind the competition in certain areas, especially platforms, tools and education.
Is Robinhood good?
Robinhood is very easy to use; however, now that all online brokers offer $0 stock and ETF trades, Robinhood's lack of trading tools and research leaves it a step behind the competition.
Firstrade vs Robinhood Winner
Overall winner: Firstrade
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