Robinhood vs Vanguard 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 Robinhood vs Vanguard.
Is Robinhood or Vanguard better for beginners?
E*TRADE offers more comprehensive new investor education for beginner investors than Robinhood. Robinhood offers investors access to Education (Stocks) and Education (Options), while Vanguard offers investors access to Education (Stocks) and Education (Retirement), neither have Paper Trading, Videos, Education (ETFs), Education (Mutual Funds) and Education (Bonds).
What about Robinhood vs Vanguard pricing?
Robinhood and Vanguard charge the same amount for regular stock trades, $0.00. Option contracts are pricier at Vanguard, costing $1.00 per contract versus $0.00 per contract at Robinhood. For a complete commissions summary, see our best brokers for free stock trading guide.
Does Robinhood or Vanguard offer a wider range of investment options?
Robinhood offers investors access to Stock Trading, Fractional Shares and Options Trading, while Vanguard offers investors access to Stock Trading, Options Trading, OTCBB / Pink Sheets, Mutual Funds and Advisor Services, neither have Futures Trading and Forex Trading. Looking at Mutual Funds, Robinhood trails Vanguard in its offering of no transaction fee (NTF) mutual funds, with Vanguard offering 272 and Robinhood offering 0.
Which trading platform is better: Robinhood or Vanguard?
To compare the trading platforms of Robinhood and Vanguard, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, E*TRADE offers a better experience. With research, E*TRADE 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. Debit Cards are offered by Robinhood while Vanguard offers none, neither have Checking Accounts, Savings Accounts, Credit Cards and Mortgage Loans.
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.
Is Vanguard good?
Vanguard, known for its low-cost funds, is aimed squarely at buy-and-hold investors and its platform reflects that focus.
Robinhood vs Vanguard Winner
Overall winner: E*TRADE
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