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 Robinhood vs SpeedTrader. Is Robinhood or SpeedTrader a better online broker?
First, we will make a comparison of the stock and option trading fees for trading with both brokers. SpeedTrader charges more than Robinhood for placing regular stock trades ($4.49 and $0, respectively). Looking at options, the base fees charged are the same for both brokers, $0. Option contracts run $0 a piece at both brokerages. 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 alongside SpeedTrader offer clients Stock Trading and Options Trading. When it comes to mutual funds, both brokers offer clients access to the same number of mutual funds, 0.
Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. SpeedTrader makes virtual trading available to clients, while Robinhood does not. For mobile trading, SpeedTrader supports the iPhone App and Android App while Robinhood supports the iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple 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.