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Online Brokerage Comparison Tool

StockBrokers.com | November 5th, 2019

Use the StockBrokers.com online brokerage comparison tool to compare over 150 different account features and fees across 16 online brokers: Ally Invest, Charles Schwab, Chase You Invest Trade, ChoiceTrade, Cobra Trading, E*TRADE, Fidelity, Firstrade, Interactive Brokers, Just2Trade, Lightspeed, Merrill Edge, Robinhood, SogoTrade, SpeedTrader, TD Ameritrade, and TradeStation. Compare trading commissions, account fees, trading tools and platforms, market research functionality, mobile apps, beginner education, and current special offers.

Special Offer Commission-Free Trading on 700+ ETFs Open Account
Special Offer 300 $0 online stock and ETF trades, no minimum deposit required. Open Account
Open Account Open Account

Overall Rating

Feature Firstrade Merrill Edge Robinhood
Overall 3.5 4 2.5
Firstrade Review Merrill Edge Review Robinhood Review

Trading Fees

Feature Firstrade Merrill Edge Robinhood
Minimum Deposit $0.00 $0.00 $0.00
Stock Trade Fee (per trade) $0.00 $2.95 $0.00
ETF Trade Fee $0.00 $2.95 $0.00
Options Base Fee $0.00 $2.95 $0.00
Options Per Contract Fee $0.00 $0.65 $0.00
Mutual Fund Trade Fee $0.00 $19.95 N/A
Broker Assisted Trades Fee $19.95 $29.95 $0.00
Commissions & Fees 4 4 4.5
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Margin Rates

Feature Firstrade
Open Account
Merrill Edge
Open Account
Robinhood
Under $24,999.99 9.50% 10.63% 5.00%
$25,000.00 to $49,999.99 9.00% 9.50% 5.00%
$50,000.00 to $99,999.99 8.50% 9.50% 5.00%
$100,000.00 to $249,999.99 8.00% 8.13% 5.00%
$250,000.00 to $499,999.99 7.75% 8.13% 5.00%
$500,000.00 to $999,999.99 6.00% 7.88% 5.00%
Above $1,000,000.00 5.25% 7.25% 5.00%
Commissions & Fees 4 4 4.5
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Account Fees

Feature Firstrade Merrill Edge Robinhood
IRA Annual Fee $0.00 $0.00 $0.00
IRA Closure Fee $0.00 $49.95 $0.00
Returned ACH Fee $50.00 $30.00 $9.00
Returned Wire Fee $50.00 N/A $9.00
Stock Certificate Processing Fee $300.00 $500.00 N/A
Stock Certificate Delivery Fee $300.00 N/A N/A
Paper Statement Fee $5.00 $5.00 $5.00
Paper Confirmation Fee $3.00 $3.00 $2.00
Domestic Wire Fee $30.00 $24.95 $25.00
International Wire Fee $50.00 $24.95 $50.00
Commissions & Fees 4 4 4.5

Investment Options

Feature Firstrade Merrill Edge Robinhood
Stock Trading
Yes Yes Yes
OTCBB / Pink Sheets
Yes Yes No
Options Trading
Yes Yes Yes
Complex Options Max Legs
2 2 4
Futures Trading
No No No
Forex Trading
No No No
Commission-Free ETFs all 0 all
Mutual Funds (No Load)
5234 2471 0
Mutual Funds (Total)
12603 3709 0
Bonds (US Treasury)
Yes Yes No
Bonds (Corporate)
Yes Yes No
Bonds (Municipal)
Yes Yes No
Advisor Services
No Yes No
International Trading
No No No
Offering of Investments 3.5 3 2
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Order Types

Feature Firstrade Merrill Edge Robinhood
Order Type - Market
Yes Yes Yes
Order Type - Limit
Yes Yes Yes
Order Type - Stop
Yes Yes Yes
Order Type - Trailing Stop
Yes Yes Yes
Order Type - Contingent
Yes No No
Order Type - MultiContingent
Yes No No
Order Type - OCO
Yes No No
Order Type - OTO
Yes No No
Order Type - OTOCO
No No No
Offering of Investments 3.5 3 2
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Trading Platforms

Feature Firstrade Merrill Edge Robinhood
Desktop Platform (Windows)
No Yes No
Desktop Platform (Mac)
No Yes No
Web Platform
Yes Yes Yes
Paper Trading
No No No
Trade Journal
No No No
Watch Lists - Total Fields
13 285 7
Two-Factor Authentication Login
No Yes Yes
Heat Mapping
Yes Yes No
Platforms & Tools 2 4 1
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Charting Features

Feature Firstrade Merrill Edge Robinhood
Charting - Trade Off Chart
No Yes No
Charting - Indicators / Studies
58 95 5
Charting - Drawing Tools
5 22 0
Charting - Historical Trades
No Yes No
Charting - Corporate Events
Yes Yes No
Charting - Automated Analysis
No Yes No
Charting - Save Profiles
No Yes No
Charting - Study Customizations
6 8 2
Charting - Custom Studies
No No No
Platforms & Tools 2 4 1
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Day Trading

Feature Firstrade Merrill Edge Robinhood
Stock Alerts - Basic Fields
Yes Yes No
Stock Alerts - Advanced Fields
No Yes No
Streaming Time & Sales
No Yes No
Streaming TV
No No No
Direct Market Routing - Stocks
No No No
Direct Market Routing - Options
No No No
Ladder Trading
No No No
Trade Hot Keys
No Yes No
Level 2 Quotes - Stocks
No Yes No
Level 2 Quotes - Options
No Yes No
Trade Ideas - Backtesting
No Yes No
Short Locator
No No No
Order Liquidity Rebates
No No No
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Mobile Trading Apps

Feature Firstrade Merrill Edge Robinhood
iPhone App
Yes Yes Yes
Android App
Yes Yes Yes
Apple Watch App
No Yes Yes
Trading - Stocks
Yes Yes Yes
Trading - After-Hours
Yes Yes Yes
Trading - Conditional Orders
No No No
Trading - Mutual Funds
No Yes No
Trading - Simple Options
Yes Yes Yes
Trading - Complex Options
No Yes Yes
Trading - Option Rolling
No No No
Touch / Face ID
Yes Yes Yes
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Mobile App Features

Feature Firstrade Merrill Edge Robinhood
Watch List Syncing
Yes Yes Yes
Stock Alerts - Basic Fields
No Yes Yes
Charting - After Hours
No Yes Yes
Charting - Drawing
No Yes No
Charting - Study Customizations
Yes Yes No
Customizable Homescreen
No Yes No
Heatmapping
No Yes No
Stream Live TV
No No No
Barcode Lookup
No No No
Mobile Trading 3.5 4.5 3.5
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Research Overview

Feature Firstrade Merrill Edge Robinhood
Research - Stocks
Yes Yes Yes
Research - ETFs
Yes Yes Yes
Research - Mutual Funds
Yes Yes No
Research - Pink Sheets / OTCBB
Yes Yes No
Research - Fixed Income
Yes Yes No
Screener - Stocks
Yes Yes No
Screener - ETFs
Yes Yes No
Screener - Mutual Funds
Yes Yes No
Screener - Options
No Yes No
Screener - Bonds
Yes Yes No
Misc - Portfolio Builder
No Yes No
Misc - Portfolio Allocation
Yes Yes Yes
Research 4 4.5 1
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Stock Research

Feature Firstrade Merrill Edge Robinhood
Stock Research - Reports
1 3 0
Stock Research - Earnings
Yes Yes Yes
Stock Research - Insiders
Yes Yes No
Stock Research - Metric Comp
Yes Yes No
Stock Research - SEC Filings
Yes Yes No
Stock Research - Social
No No No
Stock Research - Balance Sheet
Yes Yes No
Stock Research - Cash Flows
Yes Yes No
Stock Research - News
Yes Yes Yes
Stock Research - ESG
No Yes No
Research 4 4.5 1
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ETF Research

Feature Firstrade Merrill Edge Robinhood
ETFs - Strategy Overview
Yes Yes Yes
ETFs - Top 10 Holdings
Yes Yes No
ETFs - Sector Exposure
Yes Yes No
ETFs - Risk Analysis
Yes Yes No
ETFs - Performance Analysis
Yes Yes Yes
ETFs - Ratings
Yes Yes No
ETFs - Morningstar StyleMap
Yes Yes No
ETFs - Reports
Yes Yes No
Research 4 4.5 1
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Mutual Fund Research

Feature Firstrade Merrill Edge Robinhood
Mutual Funds - Strategy Overview
Yes Yes No
Mutual Funds - Prospectus
Yes Yes No
Mutual Funds - Reports
No Yes No
Mutual Funds - Fees Breakdown
Yes Yes No
Mutual Funds - Top 10 Holdings
Yes Yes No
Mutual Funds - Asset Allocation
Yes Yes No
Mutual Funds - Sector Allocation
Yes Yes No
Mutual Funds - Country Allocation
Yes Yes No
Mutual Funds - StyleMap
Yes Yes No
Mutual Funds - 3rd Party Ratings
Yes Yes No
Research 4 4.5 1
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Options Trading

Feature Firstrade Merrill Edge Robinhood
Option Chains - Streaming
No Yes No
Option Chains - Total Columns
8 69 5
Option Chains - Greeks
5 5 0
Option Chains - Quick Analysis
No Yes No
Option Analysis - P&L Charts
No Yes No
Option Probability Analysis
No Yes No
Option Probability Analysis Adv
No No No
Option Positions - Greeks
No Yes No
Option Positions - Adv Analysis
No Yes No
Option Positions - Rolling
Yes No No
Option Positions - Grouping
No Yes No
Platforms & Tools 2 4 1
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Beginners

Feature Firstrade Merrill Edge Robinhood
Has Education - Stocks
Yes Yes Yes
Has Education - ETFs
No Yes No
Has Education - Options
Yes Yes Yes
Has Education - Mutual Funds
No Yes No
Has Education - Fixed Income
No Yes No
Has Education - Retirement
Yes Yes No
Paper Trading
No No No
Videos
Yes Yes No
Webinars (Monthly Avg)
5 0 0
Webinars (Archived)
Yes No No
Live Seminars
No Yes No
Progress Tracking
No No No
Interactive Learning - Quizzes
No Yes No
Investor Magazine
No Yes No
Education 3 4.5 2
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Banking

Feature Firstrade Merrill Edge Robinhood
Retail Locations
2 4400 0
Member FDIC
No Yes No
Checking Accounts
Yes Yes No
Savings Accounts
No Yes No
Credit Cards
No Yes No
Debit Cards
Yes Yes No
Mortgage Loans
No Yes No
No Fee Banking
No No No
Banking 2 5 0.5
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Overall

Feature Firstrade Merrill Edge Robinhood
Firstrade Review Merrill Edge Review Robinhood Review
Overall 3.5 4 2.5
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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.

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