Are you confused about whether to choose TD Ameritrade vs Robinhood as a broker for your investing needs?
In this side-by-side comparison, we analyse TD Ameritrade vs Robinhood to help you understand how these apps compare on some of the most common features and make a better-informed decision about the best broker for you.
Below, you’ll find the pros and cons of each broker, as well as a comparison table that features the different fees charged, the financial instruments supported, the regulation, and more. Keep reading!
TD Ameritrade vs Robinhood: In a Nutshell
US traders looking for an all-in-one solution
TD Ameritrade is an established online broker with a strong presence in the United States, offering 0% commissions on stocks, ETFs and options.
One of the key advantages of TD Ameritrade is its robust trading platform, thinkorswim. This platform offers advanced charting capabilities and customizable layouts.
TD Ameritrade prides itself on its exceptional customer service, offering 24/7 support via phone, email, and live chat, including a network of physical branches throughout the United States.
US beginner investors
Robinhood offers commission-free trading, meaning users can buy and sell stocks, cryptocurrencies, options, and ETFs without paying any fees.
Robinhood offers a user-friendly interface that simplifies the investing process. It provides real-time market data, personalized news feeds, and price alerts to inform users.
It is regulated by the Securities and Exchange Commission (SEC), and it is a member of the Securities Investor Protection Corp. (SIPC). Your assets are protected up to $500,000 (of which up to $250,000 is for cash).
Pros and Cons
TD Ameritrade
Pros
- 0% commissions on stocks, ETFs and options
- No minimum deposit
- Good research and educational tools
- Excellent customer support
- Wide investment selection
Cons
- No fractional shares
- The only available market is the US
- No credit/debit cards for deposit/withdrawals
Robinhood
Pros
- Commission-free trades
- IRAs and 401(k)
- Fractional shares
- IPO Access
- No account minimum
Cons
- No mutual funds or bonds
- Limited customer support
TD Ameritrade vs Robinhood: Side-by-side Comparison
- General Information
- Founded in
- Demo Account
- Account Minimum
- Interest on unninvested cash (annually)
- Products
- Stocks
- ETFs
- Bonds
- Funds
- Options
- Futures
- CFDs
- Leverage Products
- Forex
- Cryptocurrencies
- Commodities
- Fees
- US stocks
- EU stocks
- ETFs
- Cryptocurrencies
- Custody Fee
- Inactivity Fee
- Withdrawal Fee
- Connectivity Fee
- Currency Conversion Fee
- Security
- Regulators
- Investor Compensation Scheme(per person, per institution)
Franklin is a CFA Level III Candidate with 3 years of experience in Wealth Management as a Fund Research Analyst and the Host of the "Edge Over Hedge" YouTube Channel.
