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Robinhood vs Vanguard 2024

StockBrokers.com

Written by StockBrokers.com

January 31, 2024

Is Robinhood better than Vanguard? After testing 18 of the best online brokers, our analysis finds that Robinhood (84.5%) is better than Vanguard (80.3%). Robinhood is very easy to use and its educational content is a joy to read. But, in today’s competitive market for your investing dollars, there are several more compelling options among brokerages.

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  • check_box_outline_blankcheck_boxAlly Invest
  • check_box_outline_blankcheck_boxCharles Schwab
  • check_box_outline_blankcheck_boxCiti Self Invest
  • check_box_outline_blankcheck_boxE*TRADE
  • check_box_outline_blankcheck_boxeToro
  • check_box_outline_blankcheck_boxFidelity
  • check_box_outline_blankcheck_boxFirstrade
  • check_box_outline_blankcheck_boxInteractive Brokers
  • check_box_outline_blankcheck_boxJ.P. Morgan Self-Directed Investing
  • check_box_outline_blankcheck_boxMerrill Edge
  • check_box_outline_blankcheck_boxPublic.com
  • check_box_outline_blankcheck_boxRobinhood
  • check_box_outline_blankcheck_boxSoFi Invest
  • check_box_outline_blankcheck_boxtastytrade
  • check_box_outline_blankcheck_boxTD Ameritrade
  • check_box_outline_blankcheck_boxTradeStation
  • check_box_outline_blankcheck_boxTradier
  • check_box_outline_blankcheck_boxVanguard
  • check_box_outline_blankcheck_boxWebull

Compare

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Overall Rating Robinhood Vanguard
Overall 4/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 3.5/5 Stars 4.5/5 Stars
Platforms & Tools 3/5 Stars 2.5/5 Stars
Mobile Trading Apps 4.5/5 Stars 3/5 Stars
Research 2.5/5 Stars 3.5/5 Stars
Customer Service N/A 3/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Ease Of Use 5/5 Stars 5/5 Stars
Winner check_circle
Review Robinhood Review Vanguard Review
Broker Screenshots Robinhood Vanguard
Trading Platform & Tools Gallery (click to expand)
Research Gallery (click to expand)
Mobile Trading Apps Gallery (click to expand)
Education Gallery (click to expand)
Trading Fees Robinhood Vanguard
Minimum Deposit $0.00 $0.00
Stock Trades $0.00 $0.00
Penny Stock Fees (OTC) info N/A $0.00
Mutual Fund Trade Fee N/A Varies
Options (Per Contract) $0.00 $1.00
Futures (Per Contract) (Not offered) (Not offered)
Broker Assisted Trade Fee N/A $25
Margin Rates Robinhood Vanguard
Margin Rate Under $25,000 12% info 13.75% info
Margin Rate $25,000 to $49,999.99 12% info 13.25%
Margin Rate $50,000 to $99,999.99 12% info 12.75%
Margin Rate $100,000 to $249,999.99 12% info 12.25%
Margin Rate $250,000 to $499,999.99 12% info 11.75%
Margin Rate $500,000 to $999,999.99 12% info 10.5%
Margin Rate Above $1,000,000 12% info Varies info
Account Fees Robinhood Vanguard
IRA Annual Fee $0.00 $20.00
IRA Closure Fee $0.00 $0.00
Account Transfer Out (Partial) info $100.00 $0.00
Account Transfer Out (Full) info $100.00 $0.00
Options Exercise Fee $0.00 $0.00
Options Assignment Fee $0.00 $0.00
Investment Options Robinhood Vanguard
Stock Trading info Yes Yes
Margin Trading Yes Yes
Fractional Shares info Yes No
OTC Stocks info Yes Yes
Options Trading info Yes Yes
Complex Options Max Legs info 4 4
Futures Trading info No No
Forex Trading info No No
Crypto Trading info Yes No
Crypto Trading - Total Coins info 15 0
Mutual Funds (No Load) info 0 N/A
Mutual Funds (Total) info 0 N/A
Bonds (US Treasury) info No Yes
Bonds (Corporate) info No Yes
Bonds (Municipal) info No Yes
Traditional IRAs info Yes Yes
Roth IRAs info Yes Yes
Advisor Services info No Yes
International Countries (Stocks) info 0 0
Order Types Robinhood Vanguard
Order Type - Market info Yes Yes
Order Type - Limit info Yes Yes
Order Type - After Hours info Yes Yes
Order Type - Stop info Yes Yes
Order Type - Trailing Stop info Yes No
Order Type - OCO info No No
Order Type - OTO info No No
Order Type - Broker Assisted info No Yes
Beginners Robinhood Vanguard
Education (Stocks) info Yes Yes
Education (ETFs) info No No
Education (Options) info Yes No
Education (Mutual Funds) info No No
Education (Bonds) info No No
Education (Retirement) info No Yes
Retirement Calculator info No Yes
Investor Dictionary info Yes No
Paper Trading info No No
Videos info No Yes
Webinars info No No
Webinars (Archived) info No No
Progress Tracking info No No
Interactive Learning - Quizzes info No No
Stock Trading Apps Robinhood Vanguard
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info Yes No
Trading - Stocks info Yes Yes
Trading - After-Hours info Yes No
Trading - Simple Options info Yes No
Trading - Complex Options info Yes No
Order Ticket RT Quotes info Yes Yes
Order Ticket SRT Quotes info Yes No
Stock App Features Robinhood Vanguard
Market Movers (Top Gainers) info Yes No
Stream Live TV info No No
Videos on Demand info No No
Stock Alerts info Yes No
Option Chains Viewable info Yes No
Watch List (Real-time) info Yes No
Watch List (Streaming) info Yes No
Watch Lists - Create & Manage info Yes No
Watch Lists - Column Customization info Yes No
Watch Lists - Total Fields info 3 9
Stock App Charting Robinhood Vanguard
Charting - After-Hours info Yes No
Charting - Can Turn Horizontally info No No
Charting - Multiple Time Frames info Yes Yes
Charting - Technical Studies info 6 0
Charting - Study Customizations info Yes No
Charting - Stock Comparisons info No No
Trading Platforms Robinhood Vanguard
Active Trading Platform info N/A
Desktop Trading Platform info No No
Desktop Platform (Mac) info No No
Web Trading Platform info Yes Yes
Paper Trading info No No
Trade Journal info No No
Watch Lists - Total Fields info 3 9
Stock Chart Features Robinhood Vanguard
Charting - Adjust Trades on Chart info No No
Charting - Indicators / Studies info 6 9
Charting - Drawing Tools info 0 0
Charting - Notes info No No
Charting - Index Overlays info No Yes
Charting - Historical Trades info No No
Charting - Corporate Events info No Yes
Charting - Custom Date Range info No No
Charting - Custom Time Bars info No No
Charting - Automated Analysis info No No
Charting - Save Profiles info No No
Trade Ideas - Technical Analysis info No No
Charting - Study Customizations info 1 1
Charting - Custom Studies info No No
Day Trading Robinhood Vanguard
Streaming Time & Sales info No No
Streaming TV info No No
Direct Market Routing - Stocks info No No
Ladder Trading info No No
Trade Hot Keys info No No
Level 2 Quotes - Stocks info No info No
Trade Ideas - Backtesting info No No
Trade Ideas - Backtesting Adv info No No
Short Locator info No No
Order Liquidity Rebates info No No
Research Overview Robinhood Vanguard
Research - Stocks info Yes Yes
Research - ETFs info Yes Yes
Research - Mutual Funds info No Yes
Research - Pink Sheets / OTCBB info Yes Yes
Research - Bonds info No Yes
Screener - Stocks info No Yes
Screener - ETFs info No Yes
Screener - Mutual Funds info No Yes
Screener - Bonds info No Yes
Misc - Portfolio Allocation info No Yes
Stock Research Robinhood Vanguard
Stock Research - PDF Reports info 0 info 2
Stock Research - Earnings info Yes Yes
Stock Research - Insiders info No No
Stock Research - Social info No No
Stock Research - News info Yes Yes
Stock Research - ESG info No No
Stock Research - SEC Filings info No No
ETF Research Robinhood Vanguard
ETFs - Strategy Overview info Yes No
ETF Fund Facts - Inception Date info Yes No
ETF Fund Facts - Expense Ratio info Yes No
ETF Fund Facts - Net Assets info Yes No
ETF Fund Facts - Total Holdings info Yes No
ETFs - Top 10 Holdings info Yes No
ETFs - Sector Exposure info Yes No
ETFs - Risk Analysis info No No
ETFs - Ratings info No No
ETFs - Morningstar StyleMap info No No
ETFs - PDF Reports info No No
Mutual Fund Research Robinhood Vanguard
Mutual Funds - Strategy Overview info No Yes
Mutual Funds - Performance Chart info No Yes
Mutual Funds - Performance Analysis info No Yes
Mutual Funds - Prospectus info No Yes
Mutual Funds - 3rd Party Ratings info No No
Mutual Funds - Fees Breakdown info No Yes
Mutual Funds - Top 10 Holdings info No Yes
Mutual Funds - Asset Allocation info No No
Mutual Funds - Sector Allocation info No Yes
Mutual Funds - Country Allocation info No No
Mutual Funds - StyleMap info No Yes
Options Trading Robinhood Vanguard
Option Chains - Basic View info Yes Yes
Option Chains - Strategy View info No No
Option Chains - Streaming info Yes No
Option Chains - Total Columns info 17 9
Option Chains - Greeks info 5 0
Option Chains - Quick Analysis info Yes No
Option Analysis - P&L Charts info Yes No
Option Probability Analysis info No No
Option Probability Analysis Adv info No No
Option Positions - Greeks info Yes No
Option Positions - Greeks Streaming info Yes No
Option Positions - Adv Analysis info No No
Option Positions - Rolling info Yes No
Option Positions - Grouping info Yes No
Banking Robinhood Vanguard
Bank (Member FDIC) info No No
Checking Accounts info No No
Savings Accounts info No No
Credit Cards info No No
Debit Cards info Yes No
Mortgage Loans info No No
Customer Service Robinhood Vanguard
Phone Support (Prospect Customers) info No Yes
Phone Support (Current Customers) info Yes Yes
Email Support info Yes Yes
Live Chat (Prospect Customers) info No No
Live Chat (Current Customers) info Yes No
24/7 Support info Yes No
Overall Robinhood Vanguard
Overall 4/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 3.5/5 Stars 4.5/5 Stars
Platforms & Tools 3/5 Stars 2.5/5 Stars
Mobile Trading Apps 4.5/5 Stars 3/5 Stars
Research 2.5/5 Stars 3.5/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Ease Of Use 5/5 Stars 5/5 Stars
Winner check_circle
Review Robinhood Review Vanguard Review
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Robinhood vs Vanguard Comparison

Comparing brokers side by side is no easy task. We spend hundreds of hours each year testing the platforms, mobile apps, trading tools and general ease of use among online brokerages, as well as comparing commissions and fees, to find the best online broker.

Though many U.S. brokers offer basic trading features, such as an app, charting tools, stock research and educational content, the depth of those features can vary widely. Let's compare Robinhood vs Vanguard.

Is Robinhood or Vanguard better for beginners?

In stock trading, the more you know, the better you’ll do. Taking advantage of resources like articles, webinars, videos and interactive elements is a great way to shorten the learning curve. In our analysis, we examine the availability of several different types of educational materials.

For 2024, our review finds that Robinhood offers more comprehensive new investor education for beginning investors than Vanguard. Robinhood offers investors access to Education (Stocks) and Education (Options), while Vanguard offers investors access to Videos, Education (Stocks) and Education (Retirement). Neither have Paper Trading, 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. Robinhood and Vanguard both charge (Not offered) per option contract. For a deeper dive, see our best brokers for free stock trading guide.

Does Robinhood or Vanguard offer a wider range of investment options?

Looking at a full range of investment options, including order types and international trading, our research has found that Vanguard offers a more comprehensive offering than Robinhood. Robinhood ranks #14 out of 18 brokers for our Investment Options category, while Vanguard ranks #9.

Robinhood offers investors access to Stock Trading, Fractional Shares, Options Trading and OTC Stocks, while Vanguard offers investors access to Stock Trading, Options Trading, OTC Stocks, Mutual Funds and Advisor Services. Neither have Futures Trading and Forex Trading Looking at Mutual Funds, Robinhood and Vanguard both provide customers access to 0 no transaction fee (NTF) mutual funds.

Do Robinhood and Vanguard offer cryptocurrency?

In our analysis of top U.S. brokerages, we research whether each broker offers the ability to trade cash cryptocurrency, such as bitcoin and ethereum. Though crypto has risen steadily in popularity, availability still varies from broker to broker. Our review finds that neither Robinhood and Vanguard offer crypto trading.

Which trading platform is better: Robinhood or Vanguard?

To compare the day trading platforms of Robinhood and Vanguard, we focused on trading tools and functionality across both web and desktop-based platforms. Popular day trading platform tools include streaming real-time quotes, stock alerts, trading hotkeys, direct market routing, streaming time and sales, customizable watch lists, backtesting, and fully functional charting packages, among many others. For day trading, Robinhood offers a better experience.

Does Robinhood or Vanguard offer a better stock trading app?

After testing 25 features across the stock trading apps of Robinhood and Vanguard, we found Robinhood to be better overall. The best stock market apps are easy to use, have excellent design, and deliver a fully featured online trading experience. Robinhood ranks #9 out of 18 brokers, while Vanguard ranks #18.

Robinhood Trading App Gallery

Vanguard Trading App Gallery

Which broker is better for researching stocks?

For research, Vanguard offers superior market research than Robinhood. Robinhood ranks #14 and Vanguard ranks #9.

Over the years, we've found that the best brokers provide rich market commentary, a variety of third-party research reports, and thorough quote screens that are not just easy to navigate, but that also include a comprehensive selection of fundamental data. Robust stock, ETFs, and mutual fund screeners are also must-haves for trade idea generation.

How do Robinhood and Vanguard compare in terms of minimum deposit required?

Robinhood requires a minimum deposit of $0.00, while Vanguard requires a minimum deposit of $0.00. From our testing, we found that SoFi is the only broker that requires a minimum deposit.

Which broker offers better margin rates for accounts under $25,000?

Robinhood charges 12% for accounts under $25,000 while Vanguard charges a margin rate of 13.75%. The industry average of the 18 brokers we track is 9%.

Does Robinhood offer fractional shares? Does Vanguard?

Fractional shares are not offered by either broker. Our research has found that 39% of brokers offer fractional shares investing. Fractional shares allow traders to buy a part of a whole share of stock. For example, if Amazon is trading at $1,000, you could buy half a share for $500.

Can you trade penny stocks with Robinhood or Vanguard?

Both Robinhood and Vanguard allow you to trade penny stocks. Robinhood charges N/A per trade while Vanguard charges $0.00. Penny stocks are companies whose shares trade for under $5 and are listed over the counter (OTC). For brokers that do offer penny stock trades, the average commission is $3.

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.

Which broker offers stronger customer service?

StockBrokers.com partners with customer experience research group Confero to conduct phone tests from locations across the United States to thoroughly evaluate the quality and speed of brokerage customer service. (Read more about How We Test.) Here are the results of our current testing.

Robinhood’s customer service could not be tested or rated due to the fact it does not offer phone support for prospective customers.

Vanguard was rated 6th out of 13 brokers, with an overall score of 8.33 out of 10.

Is Robinhood good?

Robinhood is very easy to use and its educational content is a joy to read. But, in today’s competitive market for your investing dollars, there are several more compelling options among brokerages.

In the 2024 StockBrokers.com 2024 Annual Awards, Robinhood placed No. 1 for Ease of Use.

Is Vanguard good?

Vanguard is aimed squarely at buy-and-hold investors, and its platform reflects that focus. Vanguard is known for its low-cost funds, and the investment platform is really built for those looking to invest solely in mutual funds and ETFs.

Robinhood vs Vanguard Winner

Overall winner: Robinhood

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