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TD Ameritrade vs Robinhood 2021

Is Robinhood better than TD Ameritrade? After testing 11 of the best online brokers over three months, TD Ameritrade (100%) is better than Robinhood (62.62%). TD Ameritrade delivers $0 trades, fantastic trading platforms, excellent market research, industry-leading education for beginners, and reliable customer service. This outstanding all-around experience makes TD Ameritrade our top overall broker in 2021.


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Overall Rating

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

Trading Fees

Feature TD Ameritrade Robinhood
Minimum Deposit $0.00 $0.00
Stock Trades $0.00 $0.00
ETF Trade Fee $0.00 $0.00
Mutual Fund Trade Fee $49.99 N/A
Options (Base Fee) $0.00 $0.00
Options (Per Contract) $0.65 $0.00
Futures (Per Contract) $2.25 N/A
Broker Assisted Trades Fee $44.99 N/A

Margin Rates

Feature TD Ameritrade Robinhood
Under $24,999.99 9.50% 2.50%
$25,000.00 to $49,999.99 9.00% 2.50%
$50,000.00 to $99,999.99 8.00% 2.50%
$100,000.00 to $249,999.99 7.75% 2.50%
$250,000.00 to $499,999.99 7.50% 2.50%
$500,000.00 to $999,999.99 N/A 2.50%
Above $1,000,000.00 N/A 2.50%

Account Fees

Feature TD Ameritrade Robinhood
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $0.00 $0.00
Account Transfer Out (Partial) $0.00 $75.00
Account Transfer Out (Full) $75.00 $75.00
Returned ACH Fee $25.00 $9.00
Returned Wire Fee $25.00 $9.00
Stock Certificate Processing Fee $0.00 N/A
Stock Certificate Delivery Fee $500.00 N/A
Paper Statement Fee $0.00 $5.00
Paper Confirmation Fee $0.00 $2.00
Domestic Wire Fee $25.00 $25.00
International Wire Fee $25.00 $50.00

Investment Options

Feature TD Ameritrade Robinhood
Stock Trading
Yes Yes
Fractional Shares
No Yes
OTCBB / Pink Sheets
Yes No
Options Trading
Yes Yes
Complex Options Max Legs
4 4
Futures Trading
Yes No
Forex Trading
Yes No
Crypto Trading No Yes
Mutual Funds (No Load)
8097 0
Mutual Funds (Total)
12330 0
Bonds (US Treasury)
Yes No
Bonds (Corporate)
Yes No
Bonds (Municipal)
Yes No
Advisor Services
Yes No
International Trading
Yes No
AI Assistant Bot
Yes No

Order Types

Feature TD Ameritrade Robinhood
Order Type - Market
Yes Yes
Order Type - Limit
Yes Yes
Order Type - Stop
Yes Yes
Order Type - Trailing Stop
Yes Yes
Order Type - Contingent
Yes No
Order Type - MultiContingent
Yes No
Order Type - OCO
Yes No
Order Type - OTO
Yes No
Order Type - OTOCO
Yes No

Customer Service

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

Trading Platforms

Feature TD Ameritrade Robinhood
Desktop Platform (Windows)
Yes No
Desktop Platform (Mac)
Yes No
Web Platform
Yes Yes
Paper Trading
Yes No
Trade Journal
Yes No
Heat Mapping
Yes No
Watch Lists - Total Fields
514 7

Charting Features

Feature TD Ameritrade Robinhood
Charting - Trade Off Chart
Yes No
Charting - Indicators / Studies
489 5
Charting - Drawing Tools
22 0
Charting - Historical Trades
Yes No
Charting - Corporate Events
Yes No
Charting - Automated Analysis
Yes No
Charting - Save Profiles
Yes No
Trade Ideas - Technical Analysis
Yes No
Charting - Study Customizations
9 2
Charting - Custom Studies
Yes No

Day Trading

Feature TD Ameritrade Robinhood
Stock Alerts - Basic Fields
Yes No
Stock Alerts - Advanced Fields
Yes No
Streaming Time & Sales
Yes No
Streaming TV
Yes 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
Yes No
Short Locator
No No
Order Liquidity Rebates
No No

Mobile Trading Apps

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

Mobile App Features

Feature TD Ameritrade Robinhood
Watch List Syncing
Yes Yes
Stock Alerts
Yes No
Charting - After Hours
Yes Yes
Charting - Drawing
Yes No
Charting - Study Customizations
Yes No
Heatmapping
No No
Stream Live TV
Yes No
Barcode Lookup
Yes No

Research Overview

Feature TD Ameritrade Robinhood
Research - Stocks
Yes Yes
Research - ETFs
Yes Yes
Research - Mutual Funds
Yes No
Research - Pink Sheets / OTCBB
Yes No
Research - Fixed Income
Yes No
Screener - Stocks
Yes No
Screener - ETFs
Yes No
Screener - Mutual Funds
Yes No
Screener - Options
Yes No
Screener - Bonds
Yes No
Misc - Portfolio Builder
Yes No
Misc - Portfolio Allocation
Yes Yes

Stock Research

Feature TD Ameritrade Robinhood
Stock Research - Reports
7 0
Stock Research - Earnings
Yes Yes
Stock Research - Insiders
Yes No
Stock Research - Metric Comp
Yes No
Stock Research - SEC Filings
Yes No
Stock Research - Social
Yes No
Stock Research - Balance Sheet
Yes No
Stock Research - Cash Flows
Yes No
Stock Research - News
Yes Yes
Stock Research - ESG
No No

ETF Research

Feature TD Ameritrade Robinhood
ETFs - Strategy Overview
Yes Yes
ETFs - Top 10 Holdings
Yes No
ETFs - Sector Exposure
Yes No
ETFs - Risk Analysis
Yes No
ETFs - Performance Analysis
Yes Yes
ETFs - Ratings
Yes No
ETFs - Morningstar StyleMap
Yes No
ETFs - Reports
Yes No

Mutual Fund Research

Feature TD Ameritrade Robinhood
Mutual Funds - Strategy Overview
Yes No
Mutual Funds - Prospectus
Yes No
Mutual Funds - Reports
Yes No
Mutual Funds - Fees Breakdown
Yes No
Mutual Funds - Top 10 Holdings
Yes No
Mutual Funds - Asset Allocation
Yes No
Mutual Funds - Sector Allocation
Yes No
Mutual Funds - Country Allocation
No No
Mutual Funds - StyleMap
Yes No
Mutual Funds - 3rd Party Ratings
Yes No

Options Trading

Feature TD Ameritrade Robinhood
Option Chains - Streaming
Yes Yes
Option Chains - Total Columns
35 6
Option Chains - Greeks
5 5
Option Chains - Quick Analysis
Yes No
Option Analysis - P&L Charts
Yes No
Option Probability Analysis
Yes No
Option Probability Analysis Adv
Yes No
Option Positions - Greeks
Yes Yes
Option Positions - Adv Analysis
Yes No
Option Positions - Rolling
Yes No
Option Positions - Grouping
Yes Yes

Beginners

Feature TD Ameritrade Robinhood
Education (Stocks)
Yes Yes
Education (ETFs)
Yes No
Education (Options)
Yes Yes
Education (Mutual Funds)
Yes No
Education (Fixed Income)
Yes No
Education (Retirement)
Yes No
Paper Trading
Yes No
Videos
Yes No
Webinars (Monthly Avg)
500 0
Webinars (Archived)
Yes No
Live Seminars
Yes No
Progress Tracking
Yes No
Interactive Learning - Quizzes
Yes No

Banking

Feature TD Ameritrade Robinhood
Retail Locations
261 0
Member FDIC
No No
Checking Accounts
Yes No
Savings Accounts
No No
Credit Cards
Yes No
Debit Cards
Yes Yes
Mortgage Loans
No No
No Fee Banking
Yes No

Overall

Feature TD Ameritrade Robinhood
Overall 5 3
Commissions & Fees 4.5 4.5
Offering of Investments 5 2.5
Platforms & Tools 5 2
Mobile Trading 5 4
Research 5 2
Education 5 3
Ease of Use 5 5
TD Ameritrade Review Robinhood 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 TD Ameritrade.

Is Robinhood or TD Ameritrade better for beginners?
TD Ameritrade is better for beginner investors than Robinhood. TD Ameritrade offers investors access to Paper Trading, Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Fixed Income) and Education (Retirement).

What about Robinhood vs TD Ameritrade pricing?
Robinhood and TD Ameritrade charge the same amount for regular stock trades, $0. With options, the base fee is $0 for both Robinhood and TD Ameritrade. Robinhood's per contract rate of $0 is less than TD Ameritrade which charges $0.65. For a complete commissions summary, see our best discount brokers guide.

Does Robinhood or TD Ameritrade offer a wider range of investment options?
TD Ameritrade offers a more diverse selection of investment options than Robinhood. TD Ameritrade offers investors access to Stock Trading, OTCBB / Pink Sheets, Options Trading, Mutual Funds, Futures Trading, Forex Trading, Advisor Services and International Trading. Looking at Mutual Funds, Robinhood trails TD Ameritrade by 12,330 total mutual funds, with TD Ameritrade offering 12330 and Robinhood offering 0.

Which trading platform is better: Robinhood or TD Ameritrade?
To compare the trading platforms of both Robinhood and TD Ameritrade, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, TD Ameritrade offers a better experience. With research, TD Ameritrade offers superior market research. Finally, we found TD Ameritrade 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, Debit Cards and Credit Cards are offered by TD Ameritrade while Robinhood offers Debit Cards.

Overall winner: TD Ameritrade

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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.

TD Ameritrade, Inc. and StockBrokers.com are separate, unaffiliated companies and are not responsible for each other’s services and products. View terms.

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