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TD Ameritrade vs Robinhood 2022

StockBrokers.com

Written by StockBrokers.com

November 02, 2022

Is TD Ameritrade better than Robinhood? After testing 15 of the best online brokers over six months, TD Ameritrade (95.41%) is better than E*TRADE (92.52%). 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 one of our top overall brokers in 2022.

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Overall RatingTD AmeritradeRobinhoodE*TRADE
Overall5 Stars3.5 Stars5 Stars
Commissions & Fees4.5 Stars4.5 Stars4.5 Stars
Investment Options5 Stars3 Stars5 Stars
Platforms & Tools5 Stars2 Stars4.5 Stars
Mobile Trading Apps5 Stars4 Stars5 Stars
Research5 Stars2 Stars4.5 Stars
Customer Service4.5 StarsN/A4.5 Stars
Education5 Stars3 Stars4.5 Stars
Ease Of Use5 Stars5 Stars5 Stars
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ReviewTD Ameritrade ReviewRobinhood ReviewE*TRADE Review
Trading FeesTD AmeritradeRobinhoodE*TRADE
Minimum Deposit$0.00$0.00$0.00
Stock Trades$0.00$0.00$0.00
Penny Stock Fees (OTCCB)$6.95N/A$6.95
Mutual Fund Trade FeeVaries$19.99
Options (Base Fee)$0.00$0.00$0.00
Options (Per Contract)$0.65$0.00$0.65
Futures (Per Contract)$2.25N/A$1.50
Broker Assisted Trade Fee$25$25
Margin RatesTD AmeritradeRobinhoodE*TRADE
Margin Rate Under $24,999.9912.50%9.75%11.95%
Margin Rate $25,000.00 to $49,999.9912.00%9.75%11.45%
Margin Rate $50,000.00 to $99,999.9911.00%9.75%10.95%
Margin Rate $100,000.00 to $249,999.9910.75%9.75%10.45%
Margin Rate $250,000.00 to $499,999.9910.50%9.75%9.95%
Margin Rate $500,000.00 to $999,999.99N/A9.75%9.45%
Margin Rate Above $1,000,000.00N/A9.75%8.45%
Account FeesTD AmeritradeRobinhoodE*TRADE
IRA Annual Fee$0.00N/A$0.00
IRA Closure Fee$0.00N/A$0.00
Account Transfer Out (Partial)$0.00$100.00$25.00
Account Transfer Out (Full)$75.00$100.00$75.00
Options Exercise Fee$0.00$0.00$0.00
Options Assignment Fee$0.00$0.00$0.00
Investment OptionsTD AmeritradeRobinhoodE*TRADE
Stock TradingYesYesYes
Margin TradingYesYesYes
Fractional SharesNoYesNo
OTCBB / Pink SheetsYesNoYes
Options TradingYesYesYes
Complex Options Max Legs444
Futures TradingYesNoYes
Forex TradingYesNoNo
Crypto TradingNoYesNo
Crypto Trading - Total Coins0170
Mutual Funds (No Load)369806486
Mutual Funds (Total)587607242
Bonds (US Treasury)YesNoYes
Bonds (Corporate)YesNoYes
Bonds (Municipal)YesNoYes
Advisor ServicesYesNoYes
International Countries (Stocks)000
Order TypesTD AmeritradeRobinhoodE*TRADE
Order Type - MarketYesYesYes
Order Type - LimitYesYesYes
Order Type - After HoursYesYesYes
Order Type - StopYesYesYes
Order Type - Trailing StopYesYesYes
Order Type - OCOYesNoYes
Order Type - OTOYesNoYes
Order Type - Broker AssistedYesNoYes
BeginnersTD AmeritradeRobinhoodE*TRADE
Education (Stocks)YesYesYes
Education (ETFs)YesNoYes
Education (Options)YesYesYes
Education (Mutual Funds)YesNoYes
Education (Bonds)YesNoYes
Education (Retirement)YesNoYes
Retirement CalculatorYesNoYes
Investor DictionaryYesYesYes
Paper TradingYesNoYes
VideosYesNoYes
WebinarsYesNoYes
Webinars (Archived)YesNoYes
Progress TrackingYesNoNo
Interactive Learning - QuizzesYesNoYes
Stock Trading AppsTD AmeritradeRobinhoodE*TRADE
iPhone AppYesYesYes
Android AppYesYesYes
Apple Watch AppYesYesYes
Trading - StocksYesYesYes
Trading - After-HoursYesYesYes
Trading - Simple OptionsYesYesYes
Trading - Complex OptionsYesYesYes
Order Ticket RT QuotesYesYesYes
Order Ticket SRT QuotesYesYesYes
Stock App FeaturesTD AmeritradeRobinhoodE*TRADE
Market Movers (Top Gainers)YesYesYes
Stream Live TVYesNoYes
Videos on DemandYesNoNo
Stock AlertsYesYesYes
Option Chains ViewableYesYesYes
Watch List (Real-time)YesYesYes
Watch List (Streaming)YesNoYes
Watch Lists - Create & ManageYesYesYes
Watch Lists - Column CustomizationYesYesYes
Watch Lists - Total Fields514395
Stock App ChartingTD AmeritradeRobinhoodE*TRADE
Charting - After-HoursYesYesYes
Charting - Can Turn HorizontallyYesNoYes
Charting - Multiple Time FramesYesYesYes
Charting - Technical Studies400610
Charting - Study CustomizationsYesYesYes
Charting - Stock ComparisonsYesNoYes
Trading PlatformsTD AmeritradeRobinhoodE*TRADE
Active Trading PlatformthinkorswimPower E*TRADE
Desktop Trading PlatformYesNoNo
Desktop Platform (Mac)YesNoNo
Web Trading PlatformYesYesYes
Paper TradingYesNoYes
Trade JournalYesNoNo
Watch Lists - Total Fields514395
Stock Chart FeaturesTD AmeritradeRobinhoodE*TRADE
Charting - Adjust Trades on ChartYesNoYes
Charting - Indicators / Studies4296119
Charting - Drawing Tools24031
Charting - NotesYesNoYes
Charting - Index OverlaysYesNoYes
Charting - Historical TradesYesNoYes
Charting - Corporate EventsYesNoYes
Charting - Custom Date RangeYesNoYes
Charting - Custom Time BarsYesNoNo
Charting - Automated AnalysisYesNoYes
Charting - Save ProfilesYesNoYes
Trade Ideas - Technical AnalysisYesNoYes
Charting - Study Customizations916
Charting - Custom StudiesYesNoNo
Day TradingTD AmeritradeRobinhoodE*TRADE
Streaming Time & SalesYesNoYes
Streaming TVYesNoYes
Direct Market Routing - StocksYesNoYes
Ladder TradingYesNoNo
Trade Hot KeysYesNoYes
Level 2 Quotes - StocksYesNoYes
Trade Ideas - BacktestingYesNoNo
Trade Ideas - Backtesting AdvYesNoNo
Short LocatorNoNoNo
Order Liquidity RebatesNoNoNo
Research OverviewTD AmeritradeRobinhoodE*TRADE
Research - StocksYesYesYes
Research - ETFsYesYesYes
Research - Mutual FundsYesNoYes
Research - Pink Sheets / OTCBBYesYesYes
Research - BondsYesNoYes
Screener - StocksYesNoYes
Screener - ETFsYesNoYes
Screener - Mutual FundsYesNoYes
Screener - BondsYesNoYes
Misc - Portfolio AllocationYesYesYes
Stock ResearchTD AmeritradeRobinhoodE*TRADE
Stock Research - PDF Reports606
Stock Research - EarningsYesYesYes
Stock Research - InsidersYesNoYes
Stock Research - SocialYesNoYes
Stock Research - NewsYesYesYes
Stock Research - ESGNoNoNo
Stock Research - SEC FilingsYesNoYes
ETF ResearchTD AmeritradeRobinhoodE*TRADE
ETFs - Strategy OverviewYesYesYes
ETF Fund Facts - Inception DateYesYesYes
ETF Fund Facts - Expense RatioYesYesYes
ETF Fund Facts - Net AssetsYesNoYes
ETF Fund Facts - Total HoldingsNoYesYes
ETFs - Top 10 HoldingsYesYesYes
ETFs - Sector ExposureYesYesYes
ETFs - Risk AnalysisYesNoYes
ETFs - RatingsYesNoYes
ETFs - Morningstar StyleMapYesNoYes
ETFs - PDF ReportsYesNoYes
Mutual Fund ResearchTD AmeritradeRobinhoodE*TRADE
Mutual Funds - Strategy OverviewYesNoYes
Mutual Funds - Performance ChartYesNoNo
Mutual Funds - Performance AnalysisYesNoYes
Mutual Funds - ProspectusYesNoYes
Mutual Funds - 3rd Party RatingsYesNoYes
Mutual Funds - Fees BreakdownYesNoYes
Mutual Funds - Top 10 HoldingsYesNoYes
Mutual Funds - Asset AllocationYesNoYes
Mutual Funds - Sector AllocationYesNoYes
Mutual Funds - Country AllocationNoNoYes
Mutual Funds - StyleMapYesNoYes
Options TradingTD AmeritradeRobinhoodE*TRADE
Option Chains - Basic ViewYesYesYes
Option Chains - Strategy ViewYesNoYes
Option Chains - StreamingYesYesYes
Option Chains - Total Columns351731
Option Chains - Greeks555
Option Chains - Quick AnalysisYesYesYes
Option Analysis - P&L ChartsYesYesYes
Option Probability AnalysisYesNoYes
Option Probability Analysis AdvYesNoYes
Option Positions - GreeksYesYesYes
Option Positions - Greeks StreamingYesYesYes
Option Positions - Adv AnalysisYesNoYes
Option Positions - RollingYesYesYes
Option Positions - GroupingYesYesYes
BankingTD AmeritradeRobinhoodE*TRADE
Bank (Member FDIC)NoNoYes
Checking AccountsYesNoYes
Savings AccountsNoNoYes
Credit CardsYesNoYes
Debit CardsYesYesYes
Mortgage LoansNoNoYes
Customer ServiceTD AmeritradeRobinhoodE*TRADE
Phone Support (Prospect Customers)YesNoYes
Phone Support (Current Customers)YesYesYes
Email SupportYesYesYes
Live Chat (Prospect Customers)YesNoNo
Live Chat (Current Customers)YesYesYes
24/7 SupportYesYesYes
OverallTD AmeritradeRobinhoodE*TRADE
Overall5 Stars3.5 Stars5 Stars
Commissions & Fees4.5 Stars4.5 Stars4.5 Stars
Investment Options5 Stars3 Stars5 Stars
Platforms & Tools5 Stars2 Stars4.5 Stars
Mobile Trading Apps5 Stars4 Stars5 Stars
Research5 Stars2 Stars4.5 Stars
Education5 Stars3 Stars4.5 Stars
Ease Of Use5 Stars5 Stars5 Stars
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ReviewTD Ameritrade ReviewRobinhood ReviewE*TRADE Review
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TD Ameritrade vs Robinhood Comparison

Comparing brokers side by side is no easy task. For our 2022 annual broker review, we spent hundreds of hours assessing 15 brokerages to find the best online broker. Let's compare TD Ameritrade vs Robinhood.

Is TD Ameritrade or Robinhood better for beginners?

TD Ameritrade offers more comprehensive new investor education for beginner investors than E*TRADE. TD Ameritrade offers investors access to Paper Trading, Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Bonds) and Education (Retirement), while Robinhood offers investors access to Education (Stocks) and Education (Options).

What about TD Ameritrade vs Robinhood pricing?

TD Ameritrade and Robinhood charge the same amount for regular stock trades, $0.00. Option contracts are pricier at TD Ameritrade, costing $0.65 per contract versus $0.00 per contract at Robinhood. For a complete commissions summary, see our best brokers for free stock trading guide.

Does TD Ameritrade or Robinhood offer a wider range of investment options?

TD Ameritrade offers investors access to Stock Trading, Options Trading, OTCBB / Pink Sheets, Mutual Funds, Futures Trading, Forex Trading and Advisor Services, while Robinhood offers investors access to Stock Trading, Fractional Shares and Options Trading. Looking at Mutual Funds, Robinhood trails TD Ameritrade in its offering of no transaction fee (NTF) mutual funds, with TD Ameritrade offering 3610 and Robinhood offering 0.

Which trading platform is better: TD Ameritrade or Robinhood?

To compare the trading platforms of TD Ameritrade and Robinhood, 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 E*TRADE 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, neither have Savings Accounts and Mortgage Loans.

Is TD Ameritrade good?

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 one of our top overall brokers in 2022.

Is Robinhood good?

Robinhood is very easy to use; however, now that all online brokers offer $0 stock and ETF trades, Robinhood's lack of trading tools and research leaves it a step behind the competition.

TD Ameritrade vs Robinhood Winner

Overall winner: TD Ameritrade

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