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SpeedTrader vs Robinhood 2019

Blain Reinkensmeyer

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 SpeedTrader? After scoring brokers on over 4,000 data points for our 2019 review, SpeedTrader (51.25%) is better than Robinhood (46.99%). SpeedTrader is one of several direct-access brokers that focus on professional traders. The offerings are all identical, and SpeedTrader generally fails to match those of industry powerhouse Interactive Brokers, with the one caveat being personalized service.

Overall Rating

Feature SpeedTrader Robinhood
Overall 2.5 2.5
SpeedTrader Review Robinhood Review

Trading Fees

Feature SpeedTrader Robinhood
Minimum Deposit $30,000.00 $0.00
Stock Trade Fee (per trade) $4.49 $0.00
ETF Trade Fee $4.49 $0.00
Options Base Fee N/A $0.00
Options Per Contract Fee $0.00 $0.00
Mutual Fund Trade Fee $50.00 N/A
Broker Assisted Trades Fee $30.00 $0.00
Commissions & Fees 4 4.5
Winner check_circle

Margin Rates

Feature SpeedTrader Robinhood
Under $24,999.99 6.00% 5.00%
$25,000.00 to $49,999.99 6.00% 5.00%
$50,000.00 to $99,999.99 6.00% 5.00%
$100,000.00 to $249,999.99 6.00% 5.00%
$250,000.00 to $499,999.99 6.00% 5.00%
$500,000.00 to $999,999.99 6.00% 5.00%
Above $1,000,000.00 6.00% 5.00%
Commissions & Fees 4 4.5
Winner check_circle

Account Fees

Feature SpeedTrader Robinhood
IRA Annual Fee N/A 0
IRA Closure Fee N/A 0
Returned ACH Fee 40 9
Returned Wire Fee 40 9
Stock Certificate Processing Fee N/A N/A
Stock Certificate Delivery Fee N/A N/A
Paper Statement Fee 10 5
Paper Confirmation Fee 4 2
Domestic Wire Fee 25 25
International Wire Fee 75 50
Commissions & Fees 4 4.5

Investment Options

Feature SpeedTrader Robinhood
Stock Trading
Yes Yes
OTCBB / Pink Sheets
Yes No
Options Trading
Yes Yes
Complex Options Max Legs
4 4
Futures Trading
No No
Forex Trading
No No
Commission-Free ETFs 0 all
Mutual Funds (No Load)
0 0
Mutual Funds (Total)
0 0
Bonds (US Treasury)
No No
Bonds (Corporate)
No No
Bonds (Municipal)
No No
Advisor Services
No No
International Trading
No No
Offering of Investments 2.5 2
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Order Types

Feature SpeedTrader 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
No No
Order Type - MultiContingent
No No
Order Type - OCO
Yes No
Order Type - OTO
No No
Order Type - OTOCO
No No
Offering of Investments 2.5 2
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Trading Platforms

Feature SpeedTrader Robinhood
Desktop Platform (Windows)
Yes No
Desktop Platform (Mac)
No No
Web Platform
Yes Yes
Paper Trading
Yes No
Trade Journal
No No
Watch Lists - Total Fields
30 7
Two-Factor Authentication Login
No Yes
Heat Mapping
No No
Platforms & Tools 3 1
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Charting Features

Feature SpeedTrader Robinhood
Charting - Trade Off Chart
Yes No
Charting - Indicators / Studies
36 0
Charting - Drawing Tools
9 0
Charting - Historical Trades
No No
Charting - Corporate Events
No No
Charting - Automated Analysis
No No
Charting - Save Profiles
Yes No
Charting - Study Customizations
8 0
Charting - Custom Studies
No No
Platforms & Tools 3 1
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Day Trading

Feature SpeedTrader Robinhood
Stock Alerts - Basic Fields
Yes No
Stock Alerts - Advanced Fields
Yes No
Streaming Time & Sales
Yes No
Streaming TV
No No
Direct Market Routing - Stocks
Yes No
Direct Market Routing - Options
Yes No
Ladder Trading
Yes 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
Yes No
Client Liquidity Rebates
No No
Winner check_circle

Mobile Trading Apps

Feature SpeedTrader Robinhood
iPhone App
Yes Yes
Android App
Yes Yes
Apple Watch App
No Yes
Trading - Stocks
Yes Yes
Trading - After-Hours
Yes Yes
Trading - Conditional Orders
No No
Trading - Mutual Funds
No No
Trading - Simple Options
Yes Yes
Trading - Complex Options
No Yes
Trading - Option Rolling
No No
Touch / Face ID
No Yes
Winner check_circle

Mobile App Features

Feature SpeedTrader Robinhood
Watch List Syncing
No Yes
Stock Alerts - Basic Fields
No Yes
Stock Alerts - Advanced Fields
No No
Charting - After Hours
Yes Yes
Charting - Drawing
No No
Charting - Study Customizations
No No
Customizable Homescreen
No No
Heatmapping
No No
Stream Live TV
No No
Barcode Lookup
No No
Mobile Trading 2.5 3.5
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Research Overview

Feature SpeedTrader Robinhood
Research - Stocks
Yes Yes
Research - ETFs
No Yes
Research - Mutual Funds
No No
Research - Pink Sheets / OTCBB
No No
Research - Fixed Income
No No
Research - Futures
No No
Research - Forex
No No
Screener - Stocks
No No
Screener - ETFs
No No
Screener - Mutual Funds
No No
Screener - Options
No No
Screener - Bonds
No No
Misc - Portfolio Builder
No No
Misc - Portfolio Allocation
No Yes
Research 1 1
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Stock Research

Feature SpeedTrader Robinhood
Stock Research - Reports
0 0
Stock Research - Earnings
No Yes
Stock Research - Insiders
No No
Stock Research - Metric Comp
No No
Stock Research - SEC Filings
No No
Stock Research - Social
No No
Stock Research - Balance Sheet
Yes No
Stock Research - Cash Flows
No No
Stock Research - News
Yes Yes
Stock Research - ESG
No No
Research 1 1
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ETF Research

Feature SpeedTrader Robinhood
ETFs - Strategy Overview
No Yes
ETFs - Top 10 Holdings
No No
ETFs - Sector Exposure
No No
ETFs - Risk Analysis
No No
ETFs - Performance Analysis
No Yes
ETFs - Ratings
No No
ETFs - Morningstar StyleMap
No No
ETFs - Reports
No No
Research 1 1
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Mutual Fund Research

Feature SpeedTrader Robinhood
Mutual Funds - Strategy Overview
No No
Mutual Funds - Prospectus
No No
Mutual Funds - Reports
No No
Mutual Funds - Fees Breakdown
No No
Mutual Funds - Top 10 Holdings
No No
Mutual Funds - Asset Allocation
No No
Mutual Funds - Sector Allocation
No No
Mutual Funds - Country Allocation
No No
Mutual Funds - StyleMap
No No
Mutual Funds - 3rd Party Ratings
No No
Research 1 1
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Options Trading

Feature SpeedTrader Robinhood
Option Chains - Streaming
Yes No
Option Chains - Total Columns
17 5
Option Chains - Greeks
0 0
Option Chains - Quick Analysis
No No
Option Analysis - P&L Charts
No No
Option Probability Analysis
No No
Option Probability Analysis Adv
No No
Option Positions - Greeks
No No
Option Positions - Adv Analysis
No No
Option Positions - Rolling
No No
Option Positions - Grouping
No No
Platforms & Tools 3 1
Winner check_circle

Beginners

Feature SpeedTrader Robinhood
Has Education - Stocks
Yes Yes
Has Education - ETFs
No No
Has Education - Options
No Yes
Has Education - Mutual Funds
No No
Has Education - Fixed Income
No No
Has Education - Retirement
No No
Paper Trading
Yes No
Videos
No No
Webinars (Monthly Avg)
1 0
Webinars (Archived)
Yes No
Live Seminars
No No
Progress Tracking
No No
Interactive Learning - Quizzes
No No
Investor Magazine
No No
Education 1 2
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Banking

Feature SpeedTrader Robinhood
Retail Locations
0 0
Member FDIC
No No
Checking Accounts
No No
Savings Accounts
No No
Credit Cards
No No
Debit Cards
No No
Mortgage Loans
No No
No Fee Banking
No No
Banking 0.5 0.5
Winner check_circle

Overall

Feature SpeedTrader Robinhood
SpeedTrader Review Robinhood Review
Overall 2.5 2.5
Winner check_circle
Comparing brokers side by side is no easy task. For our annual broker review, we assess over a dozen brokers on hundreds of different variables to find the best online broker. Yielding a database of over 4,000 data points, let's compare Robinhood vs SpeedTrader.

To start this comparison, first, we will take a look at the online broker commission rates for placing regular stock and options trades. SpeedTrader charges $4.49 per stock trade which is $4.49 more than Robinhood which charges customers $0 per trade. For options trading, both Robinhood and SpeedTrader charge the same base fee of $0. Option contracts cost $0 each at both brokerages. It's important to note that not all brokers charge a flat fee per trade. Thus, it is important to read the full commission notes for each broker, which we include with each online broker review.

Next to commission rates, being able to trade what you want is important. Robinhood and SpeedTrader provide clients with Stock Trading and Options Trading. Looking at mutual funds, both brokers offer clients access to the same number of mutual funds, 0.

Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. SpeedTrader offers virtual trading while Robinhood does not. Taking a look at mobile trading, SpeedTrader offers the iPhone App and Android App while Robinhood offers the iPhone App, iPad App and Android App. Not to be left out, online banking is also a nice benefit for many investors, and some brokerages provide these services to clients. Neither Robinhood nor SpeedTrader offers Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans.

Overall, between Robinhood and SpeedTrader, SpeedTrader is the winner.

Robinhood Review
SpeedTrader 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.

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