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Robinhood vs SpeedTrader 2021

Is Robinhood better than SpeedTrader? After testing 11 of the best online brokers over three 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
Commissions & Fees 4.5 4
Offering of Investments 2.5 2.5
Platforms & Tools 2 3
Mobile Trading 4 3
Research 2 1
Education 3 1
Ease of Use 5 2.5
Robinhood Review SpeedTrader Review
Winner check_circle

Trading Fees

Feature Robinhood SpeedTrader
Minimum Deposit $0.00 $30,000.00
Stock Trades $0.00 $4.49
ETF Trade Fee $0.00 $4.49
Mutual Fund Trade Fee N/A $50.00
Options (Base Fee) $0.00 N/A
Options (Per Contract) $0.00 $0.00
Futures (Per Contract) N/A N/A
Broker Assisted Trade Fee N/A $30.00

Margin Rates

Feature Robinhood SpeedTrader
Under $24,999.99 2.50% 6.00%
$25,000.00 to $49,999.99 2.50% 6.00%
$50,000.00 to $99,999.99 2.50% 6.00%
$100,000.00 to $249,999.99 2.50% 6.00%
$250,000.00 to $499,999.99 2.50% 6.00%
$500,000.00 to $999,999.99 2.50% 6.00%
Above $1,000,000.00 2.50% 6.00%

Account Fees

Feature Robinhood SpeedTrader
IRA Annual Fee N/A N/A
IRA Closure Fee N/A N/A
Account Transfer Out (Partial)
$75.00 $75.00
Account Transfer Out (Full)
$75.00 $75.00

Investment Options

Feature Robinhood SpeedTrader
Stock Trading
Yes Yes
Fractional Shares
Yes No
OTCBB / Pink Sheets
No Yes
Options Trading
Yes Yes
Complex Options Max Legs
4 4
Futures Trading
No No
Forex Trading
No No
Crypto Trading
Yes No
Crypto Trading - Total Coins
7 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
Advisor Services
No No
International Trading
No No

Order Types

Feature Robinhood SpeedTrader
Order Type - Market
Yes Yes
Order Type - Limit
Yes Yes
Order Type - After-Hours
Yes Yes
Order Type - Stop
Yes Yes
Order Type - Trailing Stop
Yes Yes
Order Type - OCO
No Yes
Order Type - OTO
No No
Order Type - Broker Assisted
No Yes

Beginners

Feature Robinhood SpeedTrader
Education (Stocks)
Yes Yes
Education (ETFs)
No No
Education (Options)
Yes No
Education (Mutual Funds)
No No
Education (Bonds)
No No
Education (Retirement)
No No
Retirement Calculator
No No
Investor Dictionary
Yes No
Paper Trading
No Yes
Videos
No No
Webinars (Monthly Avg)
0 1
Webinars (Archived)
No Yes
Progress Tracking
No No
Interactive Learning - Quizzes
No No

Stock 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 - Simple Options
Yes Yes
Trading - Complex Options
Yes No
Order Ticket RT Quotes
Yes Yes
Order Ticket SRT Quotes
Yes Yes

Stock App Features

Feature Robinhood SpeedTrader
Market Movers (Top Gainers)
Yes Yes
Stream Live TV
No No
Videos on Demand
Yes No
Stock Alerts
No No
Option Chains Viewable
Yes Yes
Watch List (Real-time)
Yes Yes
Watch List (Streaming)
No Yes
Watch Lists - Create & Manage
Yes Yes
Watch Lists - Column Customization
Yes No
Watch List - Column Filtering
Yes Yes

Stock App Charting

Feature Robinhood SpeedTrader
Charting - After-Hours
Yes Yes
Charting - Can Turn Horizontally
No No
Charting - Multiple Time Frames
Yes Yes
Charting - Technical Studies
0 14
Charting - Study Customizations
No No
Charting - Stock Comparisons
No No

Trading Platforms

Feature Robinhood SpeedTrader
Desktop Trading Platform
No Yes
Web Trading Platform
Yes Yes
Paper Trading
No Yes
Trade Journal
No No
Watch Lists - Total Fields
7 30

Stock Chart Features

Feature Robinhood SpeedTrader
Charting - Adjust Trades on Chart
No No
Charting - Indicators / Studies
5 36
Charting - Drawing Tools
0 9
Charting - Notes
No Yes
Charting - Index Overlays
No Yes
Charting - Historical Trades
No No
Charting - Corporate Events
No No
Charting - Custom Date Range
No Yes
Charting - Custom Time Bars
No Yes
Charting - Automated Analysis
No No
Charting - Save Profiles
No Yes
Trade Ideas - Technical Analysis
No No
Charting - Study Customizations
2 8
Charting - Custom Studies
No No

Day Trading

Feature Robinhood SpeedTrader
Streaming Time & Sales
No Yes
Streaming TV
No No
Direct Market Routing - Stocks
No Yes
Ladder Trading
No Yes
Trade Hot Keys
No Yes
Level 2 Quotes - Stocks
No Yes
Trade Ideas - Backtesting
No No
Trade Ideas - Backtesting Adv
No No
Short Locator
No Yes
Order Liquidity Rebates
No No

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 - Bonds
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

Stock Research

Feature Robinhood SpeedTrader
Stock Research - PDF Reports
0 0
Stock Research - Earnings
Yes No
Stock Research - Insiders
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

ETF Research

Feature Robinhood SpeedTrader
ETFs - Strategy Overview
Yes No
ETF Fund Facts - Inception Date
No No
ETF Fund Facts - Expense Ratio
No No
ETF Fund Facts - Net Assets
No No
ETF Fund Facts - Total Holdings
No No
ETFs - Top 10 Holdings
No No
ETFs - Performance Analysis
Yes No
ETFs - Sector Exposure
No No
ETFs - Risk Analysis
No No
ETFs - Ratings
No No
ETFs - Morningstar StyleMap
No No
ETFs - PDF Reports
No No

Mutual Fund Research

Feature Robinhood SpeedTrader
Mutual Funds - Strategy Overview
No No
Mutual Funds - Performance Chart
No No
Mutual Funds - Performance Analysis
No No
Mutual Funds - Prospectus
No No
Mutual Funds - PDF 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

Options Trading

Feature Robinhood SpeedTrader
Option Chains - Basic View
Yes Yes
Option Chains - Strategy View
No No
Option Chains - Streaming
Yes Yes
Option Chains - Total Columns
17 17
Option Chains - Greeks
5 0
Option Positions - Greeks Streaming
Yes No
Option Chains - Quick Analysis
Yes No
Option Analysis - P&L Charts
Yes 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

Banking

Feature Robinhood SpeedTrader
Bank (Member FDIC)
No No
Checking Accounts
No No
Savings Accounts
No No
Credit Cards
No No
Debit Cards
Yes No
Mortgage Loans
No No

Customer Service

Feature Robinhood SpeedTrader
Phone Support (Prospect Customers)
No Yes
Phone Support (Current Customers)
Yes Yes
Email Support
Yes Yes
Live Chat (Prospect Customers)
No Yes
Live Chat (Current Customers)
No Yes
24/7 Support
No No

Overall

Feature Robinhood SpeedTrader
Overall 3 2.5
Commissions & Fees 4.5 4
Offering of Investments 2.5 2.5
Platforms & Tools 2 3
Mobile Trading 4 3
Research 2 1
Education 3 1
Ease of Use 5 2.5
Robinhood Review SpeedTrader Review
Winner check_circle

Comparing brokers side by side is no easy task. For our 2021 annual broker review, we spent hundreds of hours assessing 11 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 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. 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, Fractional Shares 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 available to clients of Robinhood while SpeedTrader offers customers none of these.

Overall winner: Robinhood

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All pricing data was obtained from a published web site as of 01/19/2021 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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