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TD Ameritrade vs Robinhood 2019

The StockBrokers.com annual review (9 years running) takes six months to complete and produces over 30,000 words of research each year. Here's how we test.

Is Robinhood better than TD Ameritrade? Based on over 4,000 data points from our 2019 annual broker review, TD Ameritrade (86.98%) is better than Robinhood (46.99%).

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Overall Rating

Feature TD Ameritrade Robinhood
Overall 4.5 2.5
TD Ameritrade Review Robinhood Review

Trading Fees

Feature TD Ameritrade Robinhood
Minimum Deposit $0.00 $0.00
Stock Trade Fee (per trade) $0.00 $0.00
ETF Trade Fee $0.00 $0.00
Options Base Fee $0.00 $0.00
Options Per Contract Fee $0.65 $0.00
Mutual Fund Trade Fee $49.99 N/A
Broker Assisted Trades Fee $44.99 $0.00
Commissions & Fees 4.5 4.5
Winner check_circle

Margin Rates

Feature TD Ameritrade
Open Account
Robinhood
Under $24,999.99 10.25% 5.00%
$25,000.00 to $49,999.99 10.00% 5.00%
$50,000.00 to $99,999.99 9.00% 5.00%
$100,000.00 to $249,999.99 8.75% 5.00%
$250,000.00 to $499,999.99 8.50% 5.00%
$500,000.00 to $999,999.99 8.50% 5.00%
Above $1,000,000.00 7.75% 5.00%
Commissions & Fees 4.5 4.5
Winner check_circle

Account Fees

Feature TD Ameritrade Robinhood
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $0.00 $0.00
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
Commissions & Fees 4.5 4.5

Investment Options

Feature TD Ameritrade Robinhood
Stock Trading
Yes Yes
OTCBB / Pink Sheets
Yes No
Options Trading
Yes Yes
Complex Options Max Legs
4 4
Futures Trading
Yes No
Forex Trading
Yes No
Commission-Free ETFs 571 all
Mutual Funds (No Load)
5185 0
Mutual Funds (Total)
12418 0
Bonds (US Treasury)
Yes No
Bonds (Corporate)
Yes No
Bonds (Municipal)
Yes No
Advisor Services
Yes No
International Trading
Yes No
Offering of Investments 4.5 2
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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 No
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
Offering of Investments 4.5 2
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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
Watch Lists - Total Fields
514 7
Two-Factor Authentication Login
Yes Yes
Heat Mapping
Yes No
Platforms & Tools 5 1
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Charting Features

Feature TD Ameritrade Robinhood
Charting - Trade Off Chart
Yes No
Charting - Indicators / Studies
411 0
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
Charting - Study Customizations
9 0
Charting - Custom Studies
Yes No
Platforms & Tools 5 1
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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
Client Liquidity Rebates
No No
Winner check_circle

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
Winner check_circle

Mobile App Features

Feature TD Ameritrade Robinhood
Watch List Syncing
Yes Yes
Stock Alerts - Basic Fields
Yes Yes
Charting - After Hours
Yes Yes
Charting - Drawing
Yes No
Charting - Study Customizations
Yes No
Customizable Homescreen
No No
Heatmapping
No No
Stream Live TV
Yes No
Barcode Lookup
Yes No
Mobile Trading 4.5 3.5
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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
Research 5 1
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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
Research 5 1
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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
Research 5 1
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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
Research 5 1
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Options Trading

Feature TD Ameritrade Robinhood
Option Chains - Streaming
Yes No
Option Chains - Total Columns
33 5
Option Chains - Greeks
5 0
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 No
Option Positions - Adv Analysis
Yes No
Option Positions - Rolling
Yes No
Option Positions - Grouping
Yes No
Platforms & Tools 5 1
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Beginners

Feature TD Ameritrade Robinhood
Has Education - Stocks
Yes Yes
Has Education - ETFs
Yes No
Has Education - Options
Yes Yes
Has Education - Mutual Funds
Yes No
Has Education - Fixed Income
Yes No
Has 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
Investor Magazine
Yes No
Education 5 2
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Banking

Feature TD Ameritrade Robinhood
Retail Locations
364 0
Member FDIC
No No
Checking Accounts
Yes No
Savings Accounts
No No
Credit Cards
Yes No
Debit Cards
Yes No
Mortgage Loans
No No
No Fee Banking
Yes No
Banking 3 0.5
Winner check_circle

Overall

Feature TD Ameritrade Robinhood
TD Ameritrade Review Robinhood Review
Overall 4.5 2.5
Winner check_circle

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.

Robinhood Review
TD Ameritrade Review



All pricing data was obtained from a published web site as of 02/18/2019 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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