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Robinhood vs Vanguard 2022

Is Robinhood better than Vanguard? After testing 15 of the best online brokers over six months, Robinhood (64.85%) is better than Vanguard (62.82%). 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.


Overall Rating

Feature Robinhood Vanguard
Overall 3.5 3.5
Commissions & Fees 4.5 4.5
Offering of Investments 3 4.5
Platforms & Tools 2 1.5
Mobile Trading Apps 4 3
Research 2 2.5
Education 3 2.5
Ease of Use 5 4.5
Robinhood Review Vanguard Review
Winner check_circle

Trading Fees

Feature Robinhood Vanguard
Minimum Deposit $0.00 $0.00
Stock Trades $0.00 $0.00
ETF Trade Fee $0.00 $0.00
Mutual Fund Trade Fee N/A $20.00
Options (Base Fee) $0.00 $0.00
Options (Per Contract) $0.00 $1.00
Futures (Per Contract) N/A N/A
Broker Assisted Trade Fee N/A $25.00

Margin Rates

Feature Robinhood Vanguard
Under $24,999.99 2.50% 8.50%
$25,000.00 to $49,999.99 2.50% 8.00%
$50,000.00 to $99,999.99 2.50% 7.50%
$100,000.00 to $249,999.99 2.50% 7.00%
$250,000.00 to $499,999.99 2.50% 6.50%
$500,000.00 to $999,999.99 2.50% 5.25%
Above $1,000,000.00 2.50% 4.75%

Account Fees

Feature Robinhood Vanguard
IRA Annual Fee N/A $0.00
IRA Closure Fee N/A $0.00
Account Transfer Out (Partial)
$75.00 $0.00
Account Transfer Out (Full)
$75.00 $0.00

Investment Options

Feature Robinhood Vanguard
Stock Trading
Yes Yes
Fractional Shares
Yes No
OTCBB / Pink Sheets
No Yes
Options Trading
Yes Yes
Complex Options Max Legs
4 4
Futures Trading
No No
Forex Trading
No No
Crypto Trading
Yes No
Crypto Trading - Total Coins
7 0
Mutual Funds (No Load)
0 N/A
Mutual Funds (Total)
0 10000
Bonds (US Treasury)
No Yes
Bonds (Corporate)
No Yes
Bonds (Municipal)
No Yes
Advisor Services
No Yes
International Trading
No No

Order Types

Feature Robinhood Vanguard
Order Type - Market
Yes Yes
Order Type - Limit
Yes Yes
Order Type - After-Hours
Yes Yes
Order Type - Stop
Yes Yes
Order Type - Trailing Stop
Yes No
Order Type - OCO
No No
Order Type - OTO
No No
Order Type - Broker Assisted
No Yes

Beginners

Feature Robinhood Vanguard
Education (Stocks)
Yes Yes
Education (ETFs)
No No
Education (Options)
Yes No
Education (Mutual Funds)
No No
Education (Bonds)
No No
Education (Retirement)
No Yes
Retirement Calculator
No Yes
Investor Dictionary
Yes No
Paper Trading
No No
Videos
No No
Webinars (Monthly Avg)
0
Webinars (Archived)
No No
Progress Tracking
No No
Interactive Learning - Quizzes
No No

Stock Trading Apps

Feature Robinhood Vanguard
iPhone App
Yes Yes
Android App
Yes Yes
Apple Watch App
Yes No
Trading - Stocks
Yes Yes
Trading - After-Hours
Yes No
Trading - Simple Options
Yes No
Trading - Complex Options
Yes No
Order Ticket RT Quotes
Yes No
Order Ticket SRT Quotes
Yes No

Stock App Features

Feature Robinhood Vanguard
Market Movers (Top Gainers)
Yes No
Stream Live TV
No No
Videos on Demand
Yes No
Stock Alerts
No No
Option Chains Viewable
Yes No
Watch List (Real-time)
Yes No
Watch List (Streaming)
No No
Watch Lists - Create & Manage
Yes No
Watch Lists - Column Customization
Yes No
Watch List - Column Filtering
Yes Yes

Stock App Charting

Feature Robinhood Vanguard
Charting - After-Hours
Yes No
Charting - Can Turn Horizontally
No No
Charting - Multiple Time Frames
Yes No
Charting - Technical Studies
0 0
Charting - Study Customizations
No No
Charting - Stock Comparisons
No No

Trading Platforms

Feature Robinhood Vanguard
Desktop Trading Platform
No No
Web Trading Platform
Yes No
Paper Trading
No No
Trade Journal
No No
Watch Lists - Total Fields
7 9

Stock Chart Features

Feature Robinhood Vanguard
Charting - Adjust Trades on Chart
No No
Charting - Indicators / Studies
5 9
Charting - Drawing Tools
0
Charting - Notes
No No
Charting - Index Overlays
No Yes
Charting - Historical Trades
No No
Charting - Corporate Events
No No
Charting - Custom Date Range
No No
Charting - Custom Time Bars
No No
Charting - Automated Analysis
No No
Charting - Save Profiles
No No
Trade Ideas - Technical Analysis
No No
Charting - Study Customizations
2 1
Charting - Custom Studies
No No

Day Trading

Feature Robinhood Vanguard
Streaming Time & Sales
No No
Streaming TV
No No
Direct Market Routing - Stocks
No No
Ladder Trading
No No
Trade Hot Keys
No No
Level 2 Quotes - Stocks
No No
Trade Ideas - Backtesting
No No
Trade Ideas - Backtesting Adv
No No
Short Locator
No No
Order Liquidity Rebates
No No

Research Overview

Feature Robinhood Vanguard
Research - Stocks
Yes Yes
Research - ETFs
Yes No
Research - Mutual Funds
No Yes
Research - Pink Sheets / OTCBB
No No
Research - Bonds
No No
Screener - Stocks
No Yes
Screener - ETFs
No No
Screener - Mutual Funds
No Yes
Screener - Options
No No
Screener - Bonds
No No
Misc - Portfolio Allocation
Yes Yes

Stock Research

Feature Robinhood Vanguard
Stock Research - PDF Reports
0 2
Stock Research - Earnings
Yes Yes
Stock Research - Insiders
No No
Stock Research - SEC Filings
No No
Stock Research - Social
No No
Stock Research - Balance Sheet
No No
Stock Research - Cash Flows
No No
Stock Research - News
Yes Yes
Stock Research - ESG
No No

ETF Research

Feature Robinhood Vanguard
ETFs - Strategy Overview
Yes No
ETF Fund Facts - Inception Date
No No
ETF Fund Facts - Expense Ratio
No No
ETF Fund Facts - Net Assets
No No
ETF Fund Facts - Total Holdings
No No
ETFs - Top 10 Holdings
No No
ETFs - Performance Analysis
Yes No
ETFs - Sector Exposure
No No
ETFs - Risk Analysis
No No
ETFs - Ratings
No No
ETFs - Morningstar StyleMap
No No
ETFs - PDF Reports
No No

Mutual Fund Research

Feature Robinhood Vanguard
Mutual Funds - Strategy Overview
No Yes
Mutual Funds - Performance Chart
No Yes
Mutual Funds - Performance Analysis
No Yes
Mutual Funds - Prospectus
No Yes
Mutual Funds - PDF Reports
No No
Mutual Funds - Fees Breakdown
No Yes
Mutual Funds - Top 10 Holdings
No Yes
Mutual Funds - Asset Allocation
No No
Mutual Funds - Sector Allocation
No Yes
Mutual Funds - Country Allocation
No No
Mutual Funds - StyleMap
No Yes
Mutual Funds - 3rd Party Ratings
No No

Options Trading

Feature Robinhood Vanguard
Option Chains - Basic View
Yes Yes
Option Chains - Strategy View
No No
Option Chains - Streaming
Yes No
Option Chains - Total Columns
17 9
Option Chains - Greeks
5 0
Option Positions - Greeks Streaming
Yes No
Option Chains - Quick Analysis
Yes No
Option Analysis - P&L Charts
Yes No
Option Probability Analysis
No No
Option Probability Analysis Adv
No No
Option Positions - Greeks
Yes No
Option Positions - Adv Analysis
No No
Option Positions - Rolling
No No
Option Positions - Grouping
Yes No

Banking

Feature Robinhood Vanguard
Bank (Member FDIC)
No No
Checking Accounts
No No
Savings Accounts
No No
Credit Cards
No No
Debit Cards
Yes No
Mortgage Loans
No No

Customer Service

Feature Robinhood Vanguard
Phone Support (Prospect Customers)
No Yes
Phone Support (Current Customers)
Yes Yes
Email Support
Yes Yes
Live Chat (Prospect Customers)
No No
Live Chat (Current Customers)
No No
24/7 Support
No No

Overall

Feature Robinhood Vanguard
Overall 3.5 3.5
Commissions & Fees 4.5 4.5
Offering of Investments 3 4.5
Platforms & Tools 2 1.5
Mobile Trading Apps 4 3
Research 2 2.5
Education 3 2.5
Ease of Use 5 4.5
Robinhood Review Vanguard Review
Winner check_circle

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?
Robinhood is better for beginner investors than Vanguard. Robinhood offers investors access to Education (Stocks) and Education (Options).

What about Robinhood vs Vanguard pricing?
Robinhood and Vanguard have equal fees for trading stocks (equities), $0 per trade. Looking at options, the base fees charged are the same for both brokers, $0. Option contracts are pricier at Vanguard, costing $1 versus $0 at Robinhood. For a complete commissions summary, see our best discount brokers guide.

Does Robinhood or Vanguard offer a wider range of investment options?
Vanguard offers a more diverse selection of investment options than Robinhood. Vanguard offers investors access to Stock Trading, OTCBB / Pink Sheets, Options Trading, Mutual Funds and Advisor Services. Looking at Mutual Funds, Vanguard offers its clients access to 10000 different mutual funds while Robinhood has 0 available funds, a difference of 10,000.

Which trading platform is better: Robinhood or Vanguard?
To compare the trading platforms of both Robinhood and Vanguard, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Robinhood offers a better experience. With research, Vanguard offers superior market research. Finally, we found Robinhood 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 available to clients of Robinhood while Vanguard offers customers none of these.

Overall winner: Robinhood

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All pricing data was obtained from a published web site as of 01/10/2022 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.

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