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Robinhood vs Vanguard 2022

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November 02, 2022

Is Robinhood better than Vanguard? After testing 15 of the best online brokers over six months, E*TRADE (92.52%) is better than Robinhood (64.85%). Founded in 1982 as one of the first online brokerages in the United States, E*TRADE highlights include $0 trades, two excellent mobile apps and the Power E*TRADE platform, which is great for beginners, active trading and options trading.

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Overall RatingRobinhoodVanguardE*TRADE
Overall3.5 Stars3.5 Stars5 Stars
Commissions & Fees4.5 Stars4.5 Stars4.5 Stars
Investment Options3 Stars4.5 Stars5 Stars
Platforms & Tools2 Stars1.5 Stars4.5 Stars
Mobile Trading Apps4 Stars3 Stars5 Stars
Research2 Stars2.5 Stars4.5 Stars
Customer ServiceN/A3 Stars4.5 Stars
Education3 Stars2.5 Stars4.5 Stars
Ease Of Use5 Stars4.5 Stars5 Stars
ReviewRobinhood ReviewVanguard ReviewE*TRADE Review
Trading FeesRobinhoodVanguardE*TRADE
Minimum Deposit$0.00$0.00$0.00
Stock Trades$0.00$0.00$0.00
Penny Stock Fees (OTCCB)N/A$0.00$6.95
Mutual Fund Trade FeeVaries$19.99
Options (Base Fee)$0.00$0.00$0.00
Options (Per Contract)$0.00$1.00$0.65
Futures (Per Contract)N/AN/A$1.50
Broker Assisted Trade Fee25$25
Margin RatesRobinhoodVanguardE*TRADE
Margin Rate Under $24,999.999.75%8.50%11.95%
Margin Rate $25,000.00 to $49,999.999.75%11.50%11.45%
Margin Rate $50,000.00 to $99,999.999.75%10.50%10.95%
Margin Rate $100,000.00 to $249,999.999.75%10.00%10.45%
Margin Rate $250,000.00 to $499,999.999.75%9.50%9.95%
Margin Rate $500,000.00 to $999,999.999.75%8.25%9.45%
Margin Rate Above $1,000,000.009.75%N/A8.45%
Account FeesRobinhoodVanguardE*TRADE
IRA Annual FeeN/A$20.00$0.00
IRA Closure FeeN/A$0.00$0.00
Account Transfer Out (Partial)$100.00$0.00$25.00
Account Transfer Out (Full)$100.00$0.00$75.00
Options Exercise Fee$0.00$0.00$0.00
Options Assignment Fee$0.00$0.00$0.00
Investment OptionsRobinhoodVanguardE*TRADE
Stock TradingYesYesYes
Margin TradingYesYesYes
Fractional SharesYesNoNo
OTCBB / Pink SheetsNoYesYes
Options TradingYesYesYes
Complex Options Max Legs444
Futures TradingNoNoYes
Forex TradingNoNoNo
Crypto TradingYesNoNo
Crypto Trading - Total Coins1700
Mutual Funds (No Load)006486
Mutual Funds (Total)0100007242
Bonds (US Treasury)NoYesYes
Bonds (Corporate)NoYesYes
Bonds (Municipal)NoYesYes
Advisor ServicesNoYesYes
International Countries (Stocks)000
Order TypesRobinhoodVanguardE*TRADE
Order Type - MarketYesYesYes
Order Type - LimitYesYesYes
Order Type - After HoursYesYesYes
Order Type - StopYesYesYes
Order Type - Trailing StopYesNoYes
Order Type - OCONoNoYes
Order Type - OTONoNoYes
Order Type - Broker AssistedNoYesYes
Education (Stocks)YesYesYes
Education (ETFs)NoNoYes
Education (Options)YesNoYes
Education (Mutual Funds)NoNoYes
Education (Bonds)NoNoYes
Education (Retirement)NoYesYes
Retirement CalculatorNoYesYes
Investor DictionaryYesNoYes
Paper TradingNoNoYes
Webinars (Archived)NoNoYes
Progress TrackingNoNoNo
Interactive Learning - QuizzesNoNoYes
Stock Trading AppsRobinhoodVanguardE*TRADE
iPhone AppYesYesYes
Android AppYesYesYes
Apple Watch AppYesNoYes
Trading - StocksYesNoYes
Trading - After-HoursYesNoYes
Trading - Simple OptionsYesNoYes
Trading - Complex OptionsYesNoYes
Order Ticket RT QuotesYesNoYes
Order Ticket SRT QuotesYesNoYes
Stock App FeaturesRobinhoodVanguardE*TRADE
Market Movers (Top Gainers)YesNoYes
Stream Live TVNoNoYes
Videos on DemandNoNoNo
Stock AlertsYesNoYes
Option Chains ViewableYesNoYes
Watch List (Real-time)YesNoYes
Watch List (Streaming)NoNoYes
Watch Lists - Create & ManageYesNoYes
Watch Lists - Column CustomizationYesNoYes
Watch Lists - Total Fields3995
Stock App ChartingRobinhoodVanguardE*TRADE
Charting - After-HoursYesNoYes
Charting - Can Turn HorizontallyNoNoYes
Charting - Multiple Time FramesYesNoYes
Charting - Technical Studies6010
Charting - Study CustomizationsYesNoYes
Charting - Stock ComparisonsNoNoYes
Trading PlatformsRobinhoodVanguardE*TRADE
Active Trading PlatformN/APower E*TRADE
Desktop Trading PlatformNoNoNo
Desktop Platform (Mac)NoNoNo
Web Trading PlatformYesYesYes
Paper TradingNoNoYes
Trade JournalNoNoNo
Watch Lists - Total Fields3995
Stock Chart FeaturesRobinhoodVanguardE*TRADE
Charting - Adjust Trades on ChartNoNoYes
Charting - Indicators / Studies69119
Charting - Drawing Tools0031
Charting - NotesNoNoYes
Charting - Index OverlaysNoYesYes
Charting - Historical TradesNoNoYes
Charting - Corporate EventsNoYesYes
Charting - Custom Date RangeNoNoYes
Charting - Custom Time BarsNoNoNo
Charting - Automated AnalysisNoNoYes
Charting - Save ProfilesNoNoYes
Trade Ideas - Technical AnalysisNoNoYes
Charting - Study Customizations116
Charting - Custom StudiesNoNoNo
Day TradingRobinhoodVanguardE*TRADE
Streaming Time & SalesNoNoYes
Streaming TVNoNoYes
Direct Market Routing - StocksNoNoYes
Ladder TradingNoNoNo
Trade Hot KeysNoNoYes
Level 2 Quotes - StocksNoNoYes
Trade Ideas - BacktestingNoNoNo
Trade Ideas - Backtesting AdvNoNoNo
Short LocatorNoNoNo
Order Liquidity RebatesNoNoNo
Research OverviewRobinhoodVanguardE*TRADE
Research - StocksYesYesYes
Research - ETFsYesYesYes
Research - Mutual FundsNoYesYes
Research - Pink Sheets / OTCBBYesNoYes
Research - BondsNoNoYes
Screener - StocksNoYesYes
Screener - ETFsNoNoYes
Screener - Mutual FundsNoYesYes
Screener - BondsNoNoYes
Misc - Portfolio AllocationYesYesYes
Stock ResearchRobinhoodVanguardE*TRADE
Stock Research - PDF Reports026
Stock Research - EarningsYesYesYes
Stock Research - InsidersNoNoYes
Stock Research - SocialNoNoYes
Stock Research - NewsYesYesYes
Stock Research - ESGNoNoNo
Stock Research - SEC FilingsNoNoYes
ETF ResearchRobinhoodVanguardE*TRADE
ETFs - Strategy OverviewYesNoYes
ETF Fund Facts - Inception DateYesNoYes
ETF Fund Facts - Expense RatioYesNoYes
ETF Fund Facts - Net AssetsNoNoYes
ETF Fund Facts - Total HoldingsYesNoYes
ETFs - Top 10 HoldingsYesNoYes
ETFs - Sector ExposureYesNoYes
ETFs - Risk AnalysisNoNoYes
ETFs - RatingsNoNoYes
ETFs - Morningstar StyleMapNoNoYes
ETFs - PDF ReportsNoNoYes
Mutual Fund ResearchRobinhoodVanguardE*TRADE
Mutual Funds - Strategy OverviewNoYesYes
Mutual Funds - Performance ChartNoYesNo
Mutual Funds - Performance AnalysisNoYesYes
Mutual Funds - ProspectusNoYesYes
Mutual Funds - 3rd Party RatingsNoNoYes
Mutual Funds - Fees BreakdownNoYesYes
Mutual Funds - Top 10 HoldingsNoYesYes
Mutual Funds - Asset AllocationNoNoYes
Mutual Funds - Sector AllocationNoYesYes
Mutual Funds - Country AllocationNoNoYes
Mutual Funds - StyleMapNoYesYes
Options TradingRobinhoodVanguardE*TRADE
Option Chains - Basic ViewYesYesYes
Option Chains - Strategy ViewNoNoYes
Option Chains - StreamingYesNoYes
Option Chains - Total Columns17931
Option Chains - Greeks505
Option Chains - Quick AnalysisYesNoYes
Option Analysis - P&L ChartsYesNoYes
Option Probability AnalysisNoNoYes
Option Probability Analysis AdvNoNoYes
Option Positions - GreeksYesNoYes
Option Positions - Greeks StreamingYesNoYes
Option Positions - Adv AnalysisNoNoYes
Option Positions - RollingYesNoYes
Option Positions - GroupingYesNoYes
Bank (Member FDIC)NoNoYes
Checking AccountsNoNoYes
Savings AccountsNoNoYes
Credit CardsNoNoYes
Debit CardsYesNoYes
Mortgage LoansNoNoYes
Customer ServiceRobinhoodVanguardE*TRADE
Phone Support (Prospect Customers)NoYesYes
Phone Support (Current Customers)YesYesYes
Email SupportYesYesYes
Live Chat (Prospect Customers)NoNoNo
Live Chat (Current Customers)YesNoYes
24/7 SupportYesNoYes
Overall3.5 Stars3.5 Stars5 Stars
Commissions & Fees4.5 Stars4.5 Stars4.5 Stars
Investment Options3 Stars4.5 Stars5 Stars
Platforms & Tools2 Stars1.5 Stars4.5 Stars
Mobile Trading Apps4 Stars3 Stars5 Stars
Research2 Stars2.5 Stars4.5 Stars
Education3 Stars2.5 Stars4.5 Stars
Ease Of Use5 Stars4.5 Stars5 Stars
ReviewRobinhood ReviewVanguard ReviewE*TRADE Review
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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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