TD Ameritrade vs. Robinhood, which broker is best for you? It depends on your investment goals and strategies. If you’re a casual investor who wants to trade stocks without paying commissions, Robinhood is a good choice. But if you’re an active trader or investor who needs access to a wide range of investments and research tools, TD Ameritrade is the better option
TD Ameritrade
TD Ameritrade is best for:
- Beginner investors.
- Fund investors.
- Advanced traders.
- Research and education.
- Wide range of securities.
- Trading platform and mobile app.
TD Ameritrade's brokerage has a $0 commission rate on trades, top quality educational program, a traditional platform, and a mobile app that is optimized for both new investors and day traders. Commission Fees: $0 (stock / ETF), $0.65/contract (options). Account Fees: $75 transfer, No annual or inactivity fee. Account minimum: $0. Securities: Stocks, ETFs, bonds, mutual funds, options, futures, forex.
Pros
Commission-free stock and ETF trades.
No account minimum.
TD Ameritrade Mobile App (App Store, Google Play).
Customer service: Phone 24/7, email, +175 branches.
Rich educational programming
Cons
Higher fund fees than competitors.
No fractional shares.
» Read our full review of TD Ameritrade.
Robinhood
Robinhood is best for:
- Free trading.
- Margin accounts.
- Options trading.
- Customers who prefer trading from a mobile device.
Robinhood is a stock trading platform that offers commission-free trades and no account minimum. The platform has a user-friendly interface and offers tools to help track your portfolio. Commission Fees: $0 (stock / ETF), $0/contract (options). Account Fees: $75 transfer out fee. Account minimum: $0. Securities: Stocks, ETFs, options, cryptocurrency.
Pros
Commissions-Free on stock and ETF trades.
Cryptocurrency trading.
Robinhood Mobile app (App Store, Google Play).
Cons
Limited account types.
No mutual funds or bonds.
No retirement accounts.
Limited customer support.
» Read our full review of Robinhood.
TD Ameritrade vs. Robinhood: Which Is Better For You?
As the world of online trading continues to evolve, so do the options for platforms. In this Robinhood vs. TD Ameritrade comparison, we will take a look at two of the most popular brokers out there and see how they compare.
TD Ameritrade has been around for over 40 years and is one of the most well-known brokers in the industry. They offer a wide range of services and tools for both beginner and experienced investors.
Robinhood, on the other hand, is a newer broker that has quickly become popular with millennials. They offer commission-free trades and have a very user-friendly platform.
So, which broker is better? It really depends on your individual needs and preferences. If you are looking for a more traditional broker with a wide range of services and tools, TD Ameritrade may be a better option.
Related with Broker Comparison
» Compare more options: View our list of best online brokers for stock trading.