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 TD Ameritrade. Is Robinhood or TD Ameritrade a better online broker?
First, we will make a comparison of the stock and option trading fees for trading with both brokers. Robinhood and TD Ameritrade have equal fees for trading stocks (equities), $0 per trade. For options trading, both Robinhood and TD Ameritrade charge the same base fee of $0. Option contracts are pricier at TD Ameritrade, costing $0.65 versus $0 at Robinhood. 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 supports Stock Trading and Options Trading while TD Ameritrade supports Stock Trading, Options Trading, Mutual Funds, Forex Trading and Futures Trading. When it comes to mutual funds, Robinhood trails TD Ameritrade by 12,418 total mutual funds, with TD Ameritrade offering 12418 and Robinhood offering 0.
Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. TD Ameritrade has virtual trading, Robinhood doesn't. For mobile trading, Robinhood along with TD Ameritrade both support the iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Clients can have Checking Accounts, Debit Cards and Credit Cards at TD Ameritrade while customers at Robinhood can have none of these.
Overall, between Robinhood and TD Ameritrade, TD Ameritrade is the winner.
TD Ameritrade Review