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Robinhood vs SpeedTrader 2020

Is Robinhood better than SpeedTrader? After testing 15 of the best online brokers over five months, Robinhood (62.62%) is better than SpeedTrader (51.25%). 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.

Overall Rating

Feature Robinhood SpeedTrader
Overall 3 2.5
Robinhood Review SpeedTrader Review

Trading Fees

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

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

Feature Robinhood SpeedTrader
IRA Annual Fee $0.00 N/A
IRA Closure Fee $0.00 N/A
Returned ACH Fee $9.00 $40.00
Returned Wire Fee $9.00 $40.00
Stock Certificate Processing Fee N/A N/A
Stock Certificate Delivery Fee N/A N/A
Paper Statement Fee $5.00 $10.00
Paper Confirmation Fee $2.00 $4.00
Domestic Wire Fee $25.00 $25.00
International Wire Fee $50.00 $75.00
Commissions & Fees 4.5 4

Investment Options

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

Feature Robinhood SpeedTrader
Order Type - Market
Yes Yes
Order Type - Limit
Yes Yes
Order Type - Stop
Yes Yes
Order Type - Trailing Stop
Yes Yes
Order Type - Contingent
No No
Order Type - MultiContingent
No No
Order Type - OCO
No Yes
Order Type - OTO
No No
Order Type - OTOCO
No No
Offering of Investments 2 2.5
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Trading Platforms

Feature Robinhood SpeedTrader
Desktop Platform (Windows)
No Yes
Desktop Platform (Mac)
No No
Web Platform
Yes Yes
Paper Trading
No Yes
Trade Journal
No No
Watch Lists - Total Fields
7 30
Heat Mapping
No No
AI Assistant Bot
No No
Platforms & Tools 2 3
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Charting Features

Feature Robinhood SpeedTrader
Charting - Trade Off Chart
No Yes
Charting - Indicators / Studies
5 36
Charting - Drawing Tools
0 9
Charting - Historical Trades
No No
Charting - Corporate Events
No No
Charting - Automated Analysis
No No
Charting - Save Profiles
No Yes
Charting - Study Customizations
2 8
Charting - Custom Studies
No No
Platforms & Tools 2 3
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Day Trading

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

Feature Robinhood SpeedTrader
iPhone App
Yes Yes
Android App
Yes Yes
Apple Watch App
Yes No
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
Yes No
Trading - Option Rolling
No No
Touch / Face ID
Yes No
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Mobile App Features

Feature Robinhood SpeedTrader
Watch List Syncing
Yes No
Stock Alerts
Yes No
Charting - After Hours
Yes Yes
Charting - Drawing
No No
Charting - Study Customizations
No No
Heatmapping
No No
Stream Live TV
No No
Barcode Lookup
No No
Mobile Trading 4 3
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Research Overview

Feature Robinhood SpeedTrader
Research - Stocks
Yes Yes
Research - ETFs
Yes No
Research - Mutual Funds
No No
Research - Pink Sheets / OTCBB
No No
Research - Fixed Income
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
Yes No
Research 2 1
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Stock Research

Feature Robinhood SpeedTrader
Stock Research - Reports
0 0
Stock Research - Earnings
Yes No
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
No Yes
Stock Research - Cash Flows
No No
Stock Research - News
Yes Yes
Stock Research - ESG
No No
Research 2 1
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ETF Research

Feature Robinhood SpeedTrader
ETFs - Strategy Overview
Yes No
ETFs - Top 10 Holdings
No No
ETFs - Sector Exposure
No No
ETFs - Risk Analysis
No No
ETFs - Performance Analysis
Yes No
ETFs - Ratings
No No
ETFs - Morningstar StyleMap
No No
ETFs - Reports
No No
Research 2 1
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Mutual Fund Research

Feature Robinhood SpeedTrader
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 2 1
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Options Trading

Feature Robinhood SpeedTrader
Option Chains - Streaming
No Yes
Option Chains - Total Columns
6 17
Option Chains - Greeks
5 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
Yes No
Option Positions - Adv Analysis
No No
Option Positions - Rolling
No No
Option Positions - Grouping
No No
Platforms & Tools 2 3
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Beginners

Feature Robinhood SpeedTrader
Education (Stocks)
Yes Yes
Education (ETFs)
No No
Education (Options)
Yes No
Education (Mutual Funds)
No No
Education (Fixed Income)
No No
Education (Retirement)
No No
Paper Trading
No Yes
Videos
No No
Webinars (Monthly Avg)
0 1
Webinars (Archived)
No Yes
Live Seminars
No No
Progress Tracking
No No
Interactive Learning - Quizzes
No No
Investor Magazine
No No
Education 3 1
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Banking

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

Overall

Feature Robinhood SpeedTrader
Robinhood Review SpeedTrader Review
Overall 3 2.5
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Comparing brokers side by side is no easy task. For our 2020 annual broker review, we spent hundreds of hours assessing 15 brokerages to find the best online broker. Let's compare Robinhood vs SpeedTrader.

Is Robinhood or SpeedTrader better for beginners?
Robinhood is better for beginner investors than SpeedTrader. Robinhood offers investors access to Education (Stocks) and Education (Options).

What about Robinhood vs SpeedTrader pricing?
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 run $0 a piece at both brokerages. For a complete commissions summary, see our best discount brokers guide.

Does Robinhood or SpeedTrader offer a wider range of investment options?
Robinhood offers a more diverse selection of investment options than SpeedTrader. Robinhood offers investors access to Stock Trading and Options Trading. Looking at Mutual Funds, both Robinhood and SpeedTrader provide clients with access to 0 total mutual funds.

Which trading platform is better: Robinhood or SpeedTrader?
To compare the trading platforms of both Robinhood and SpeedTrader, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Robinhood offers a better experience. With research, Robinhood offers superior market research. Finally, we found Robinhood 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 SpeedTrader offers none of these.

Overall, between Robinhood and SpeedTrader, Robinhood is the better online broker.

Robinhood Review
SpeedTrader Review

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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.

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