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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