StockBrokers.com is committed to the highest ethical standards and reviews services independently. Learn how we make money.
Home‣Online Broker Reviews
Written by Sam Levine, CFA, CMT
Edited by Carolyn Kimball
Fact-checked by Steven Hatzakis
Reviewed by Blain Reinkensmeyer
May 14, 2024
Robinhood is very easy to use and its educational content is a joy to read. Though it’s a pioneer in making investing fun and accessible to beginners, other brokers have stepped up their novice games. Several brokers now offer jargon-light education and market commentary, ease of use, colorful presentation, and fractional shares.
feed Recent news
January 2024: Crypto ETFs. Robinhood now allows trading of spot bitcoin ETFs in brokerage accounts.
Pros & Cons
thumb_up_off_alt Pros
- Robinhood is famously easy to use.
- Extensive crypto support with zero commissions and no markups or markdowns.
- Robinhood’s Learn section has absolutely gifted writing.
- Robinhood Gold is becoming more attractive with the addition of new features.
- Calling all insomniac traders: Robinhood has 24-hour trading for some of the most active stocks.
thumb_down_off_alt Cons
- Robinhood requires subscribing to its Gold tier to receive data and research that's free at most other brokers.
- Investment choices are limited to crypto, listed stocks, options, exchange traded funds and some American Depository Receipts.
- There aren’t enough tools for active traders.
Overall summary
| Feature |  |
|---|---|
| Overall |  |
| Investment Options |  |
| Commissions & Fees |  |
| Mobile Trading Apps | |
| Platforms & Tools |  |
| Research |  |
| Customer Service | N/A |
| Education | |
| Ease Of Use |  |
--> View Robinhood Features List
Investment options
Robinhood offers stocks, ETFs, options, and cryptocurrency trading. Mutual funds, fixed income, closed end funds, and preferred stocks aren’t supported, nor is futures trading. Robinhood has limited support for OTC stocks. I was able to get quotes for a few of the larger over-the-counter U.S. stocks, but not many. There are 650 OTC American Depository Receipts available.
Cryptocurrency: Robinhood has a strong crypto trading platform. Though many brokers have dramatically reduced their crypto roster over the past year, Robinhood still allows users to trade 15 cryptocurrencies with no commissions, fees, or markups and markdowns. Instead, it makes money from selling order flow. Robinhood also allows crypto transfers, an unusual feature among the brokers we review.
| Feature | |
|---|---|
| Stock Tradinginfo | Yes |
| Margin Trading | Yes |
| Fractional Sharesinfo | Yes |
| OTC Stocksinfo | Yes |
| Options Tradinginfo | Yes |
| Complex Options Max Legsinfo | 4 |
| Bonds (US Treasury)info | No |
| Futures Tradinginfo | No |
| Forex Tradinginfo | No |
| Mutual Funds (Total)info | 0 |
| Crypto Tradinginfo | Yes info |
| Crypto Trading - Total Coinsinfo | 15 |
| Traditional IRAsinfo | Yes |
| Roth IRAsinfo | Yes |
| Advisor Servicesinfo | No |
View More
Commissions and fees
Like many other $0 commission-free brokers, Robinhood charges no commission for trading stocks, ETFs, options, or cryptocurrency. Robinhood makes money from payment for order flow, or PFOF, a common practice in which the broker sells a customer’s order to wholesale market makers.
Penny stocks: Robinhood has constraints on over-the-counter stocks. I tried to get quotes for several U.S. OTC stocks priced between $1 and $5, but no dice. I guess that’s a nope on penny stocks. But if you want to invest in international equities, there are 650 American Depository Receipts available that do trade on the OTC.
Robinhood Gold: Robinhood Gold is a really good deal if you actually use some of the features it offers. For only $6.99 a month, Gold customers get:
- Bonuses on their IRA contributions.
- A lower margin rate (currently 8%) for balances over $1,000.
- 5% interest on uninvested cash.
- Level 2 streaming quotes.
- Morningstar reports.
Note: There’s a Robinhood Gold credit card coming that looks very compelling with 3% cash back/5% on travel, and other high-end perks.
If you’re fully invested, don’t want another credit card, aren’t socking away money in an IRA, or investing on margin, there’s no real benefit to Robinhood Gold that you won’t find elsewhere for free.
Robinhood Gold costs $6.99 per month to gain access to Morningstar reports, Level 2 streaming quotes, and much better margin rates and uninvested cash interest rates. Competitors Fidelity, E*TRADE, and Charles Schwab aall offer more stock research and trading tools and much better customer service for the same $0 per stock trade price. You can find a beginner-friendly investing experience (though not as friendly as Robinhood’s) without paying a $5 monthly charge.
| Feature | |
|---|---|
| Minimum Deposit | $0.00 |
| Stock Trades | $0.00 |
| Penny Stock Fees (OTC)info | N/A |
| ETF Trade Fee | $0.00 |
| Options (Base Fee) | $0.00 |
| Options (Per Contract) | $0.00 |
| Options Exercise Fee | $0.00 |
| Options Assignment Fee | $0.00 |
| Futures (Per Contract) | (Not offered) |
| Mutual Fund Trade Fee | N/A |
| Broker Assisted Trade Fee | N/A |
View More
Mobile trading apps
Robinhood's mobile app is fast and simple. On those qualities, it’s one of the best. For occasional stock trading, Robinhood has the functionality required to be productive: watch lists, stock quotes with charts, analyst ratings, recent news and a basic order trade entry.
Watch lists: Robinhood's focus on simplicity leads to several notable drawbacks. Other than automatically syncing across devices, the watch list functionality is slim. In comparison, TradeStation, tastytrade and Schwab's thinkorswim offer hundreds of column choices for their watch lists. Admittedly, few investors ever need more than a dozen columns, but it’s nice to know they’re available.
Charting: When pulling a stock quote, charts cannot be modified beyond six default date ranges and two chart types. There are only six technical indicators and landscape mode is not supported for horizontal viewing.
Trading tools: Knowledgeable traders will find Robinhood a mighty small sandbox to play in. Trading-focused brokers offer more studies, chart types, customization, automated chart analysis, and even specialized desktop platforms and mobile apps. You won’t find those on Robinhood.
Tap to see a demo of Robinhood's trading app.
| Feature | |
|---|---|
| iPhone Appinfo | Yes |
| Android Appinfo | Yes |
| Apple Watch Appinfo | Yes |
| Stock Alertsinfo | Yes |
| Charting - After-Hoursinfo | Yes |
| Charting - Technical Studiesinfo | 6 |
| Charting - Study Customizationsinfo | Yes |
| Watch List (Streaming)info | Yes |
| Watch Lists - Create & Manageinfo | Yes |
| Watch Lists - Column Customizationinfo | Yes |
Other trading platforms and tools
Robinhood is designed for individuals who are new to investing and want to start with the core basics. At that, it excels. As your account size and investing confidence grows, you may find Robinhood too limiting. There are no 529 plans, custodial accounts, or individual bonds, and financial planning tools are most noticeable by their absence.
Platforms overview: In addition to the mobile app, there is a web-based platform that is similar to the app. That makes it an attractive trading platform for beginners and frustrating for experienced investors.
Trading tools: The trading tools and features available on Robinhood's website are minimal compared to category leaders, but beginners will find that what it does have is very easy to use. Like the mobile app, charts are rudimentary and come with just six technical indicators, but at least the six are the most popular ones. There are no bracket orders or hotkeys, and Level 2 quotes are an additional charge. Chart traders routinely mark up charts with lines and notes, but that’s not available here.
Fractional shares: Robinhood’s recurring investment tool enables you to automatically invest a fixed dollar amount periodically, such as once per week. Like most other brokers, if you enable dividend reinvestment (DRIP) in your account, Robinhood automatically reinvests any earned dividends from stocks or ETFs, provided the related symbols support fractional share trading.
Options trading: Options trading in Robinhood is easier than falling off a logarithm. Its option chains are unorthodox, but we like them and expect many beginners will prefer them to the traditional chain layout. The options watch list is a standout feature. It makes it simple to watch option price changes before investing. Many brokers allow options on watch lists, but Robinhood presents them exceptionally well.
The drop-down for each option does include the Greeks and you can build multi-leg option strategies very easily. When you do, you are presented with an “expected profit and loss” diagram, as well as the max profit, the max loss and the breakeven, all of which are very useful and clearly presented.
IRA accounts: In late 2022 Robinhood began promoting “Robinhood Retirement,” which offers a 1% bonus on IRA contributions. The premium Gold plan sweetens the offer to 3%, which might make Gold attractive to big retirement savers. You can see a detailed rundown of the options in our Robinhood IRA review on investor.com.
| Feature | |
|---|---|
| Active Trading Platforminfo | |
| Desktop Trading Platforminfo | No |
| Desktop Platform (Mac)info | No |
| Web Trading Platforminfo | Yes |
| Paper Tradinginfo | No |
| Trade Journalinfo | No |
| Watch Lists - Total Fieldsinfo | 3 |
| Charting - Indicators / Studiesinfo | 6 |
| Charting - Drawing Toolsinfo | 0 |
| Charting - Study Customizationsinfo | 1 |
| Charting - Save Profilesinfo | No |
| Trade Ideas - Technical Analysisinfo | No |
| Streaming Time & Salesinfo | No |
| Trade Ideas - Backtestinginfo | No |
View More
User experience
Robinhood initially led the way in the field in terms of ease of use when it came to its mobile app. Now that others have caught up in this realm while offering more features, Robinhood is finding it more difficult to stand out. It’s still one of the easiest to use, though.
Robinhood’s relatively sparse information won’t win over professional or even serious investors, but there’s enough for casual investors to get started and it’s a hoot to use. There’s color, motion, and urgency. The downside to the party-like atmosphere is that you might be tempted into gambling-like behavior.
Research
Robinhood's overall research experience is severely lacking across the board and trails industry leaders Charles Schwab, E*TRADE and Fidelity, who all also offer $0 trades.
Stock and ETFs research: Robinhood offers analyst ratings, "people also bought" recommendations and sections such as "about" for company profiles. It's a cut-and-dried experience focused on simplicity. There are also lists on Robinhood, which are akin to predefined stock screeners with few information points such as market cap size and current prices. This is adequate for some; most will want more.
Gaining access to Morningstar research reports requires subscribing to Robinhood Gold for $5 per month ($60/year). At competitors such as Fidelity, Charles Schwab, or E*TRADE, customers have access to third-party reports for free.
Got Snacks?: If there is one highlight with Robinhood's research, it is the Snacks newsletter. Snacks is produced by Sherwood Media (get it?), a subsidiary of Robinhood Markets. The Snacks editorial team summarizes the market each day in an easy-to-understand, digestible (snacks, digestible… get it?) format. Whether or not you decide to open an account at Robinhood, we do recommend you at least grab… read… a Snack.
| Feature | |
|---|---|
| Research - Stocksinfo | Yes |
| Stock Research - ESGinfo | No |
| Stock Research - PDF Reportsinfo | 0 info |
| Screener - Stocksinfo | No |
| Research - ETFsinfo | Yes |
| Screener - ETFsinfo | No |
| Research - Mutual Fundsinfo | No |
| Screener - Mutual Fundsinfo | No |
| Research - Pink Sheets / OTCBBinfo | Yes |
| Research - Bondsinfo | No |
Education
Robinhood has investing education unlocked. It’s kept light, but it’s still worth your time and a pleasure to read or watch.
Alongside the standout Snacks newsletter and podcast, Robinhood’s education is aimed primarily at beginner investors, but the rapidly growing library has plenty of interesting articles for advanced investors, too.
Learning center: The library contains a range of articles with beginners in mind, including topics such as “What is a stock?” and “What is a crypto wallet?” The writing is engaging and it might be the best in the business. Few brokers have educational pieces that open like this: “Short selling is kind of like Opposite Day.” The reason why so few brokers do it is because so few writers are that good.
The disappointing thing about Robinhood Learn is how poorly it’s organized. Browsing through Robinhood Learn is akin to seeing Tiffany jewelry stocked in a dollar store. There are gems of articles on important and fascinating topics, but the only way you can find topics you’re specifically looking for is through browsing. Competing brokers should hope Robinhood doesn’t spend the few hours it would take to index their content.
Robinhood's YouTube channel has only 17,500 subscribers, which might be why new content hasn’t been added recently. That’s a damn shame, because the ones I checked out are superb. The options videos explain a complicated topic clearly and present risks right along with the potential upside. Do they want to lead you to open an account and trade on Robinhood? Most definitely. But there’s enough value in the proposition to make them a “must watch” for options beginners.
| Feature | |
|---|---|
| Education (Stocks)info | Yes |
| Education (ETFs)info | No |
| Education (Options)info | Yes |
| Education (Mutual Funds)info | No |
| Education (Bonds)info | No |
| Education (Retirement)info | No |
| Paper Tradinginfo | No |
| Videosinfo | No |
| Webinarsinfo | No |
| Webinars (Archived)info | No |
| Progress Trackinginfo | No |
| Interactive Learning - Quizzesinfo | No |
View More
Banking services
Robinhood is not a traditional bank with branch offices, credit cards, mortgages, wire transfers, and the like. For a list of brokers that are also banks, read our guide to the best brokerages for banking services.
Cash management: Robinhood offers a “Cash Card,” a prepaid debit card issued by a partner bank. The account carries some perks, such as direct deposit and the ability to earn bonuses that are invested in the separate brokerage account.
If you’re looking for solid credit card rewards or a good high-yield savings account, be sure to check out the comprehensive and (I don’t know how they do it) often hilarious guides on our sister site, investor.com.
| Feature | |
|---|---|
| Bank (Member FDIC)info | No |
| Checking Accountsinfo | No |
| Savings Accountsinfo | No |
| Credit Cardsinfo | No |
| Debit Cardsinfo | Yes |
| Mortgage Loansinfo | No |
Final thoughts
For investors looking for a simple, easy-to-use stock and crypto trading app, Robinhood gets the job done. As its name suggests, Robinhood serves budding investors. If you're as wealthy as the Sheriff of Nottingham and King John, you can find better fits elsewhere. Here are my top takeaways on Robinhood for 2024:
- Thanks to a clean design that focuses on the basics, Robinhood's mobile app will continue to appeal to beginner investors.
- Robinhood provides a bare-bones trading experience, making it a poor choice for investors seeking the best trading platform. Also, Robinhood's stock research tools are lacking when compared to $0 commission brokers such as E*TRADE, Charles Schwab, and Fidelity.
- At $6.99/month, Robinhood Gold can become a compelling deal, especially if you use margin or keep larger cash balances.
Read next
- Best Futures Trading Platforms of May 2024
- Best Stock Trading Platforms for Beginners of May 2024
- Best Stock Brokers for May 2024
- Best Day Trading Platforms of May 2024
- Best Paper Trading Platforms of May 2024
- Best Brokers for Penny Stock Trading of May 2024
- Best Stock Trading Apps of 2024
More Guides
Best Paper Trading Platforms of May 2024 Best Forex Brokers in the UK for May 2024 Best Brokers for Penny Stock Trading of May 2024 Best Crypto Trading Platforms of May 2024 Best Brokers for Order Execution of May 2024 Best International Brokers for Stock Trading in May 2024 Best US Forex Brokers of May 2024 Best Bank Brokerages of May 2024 Best Online Brokerages in Canada May 2024 Best Stock Trading Platforms for Beginners of May 2024 Best Brokerage Firms for High Net Worth Individuals of May 2024 Best Brokers for Free Stock Trading of May 2024 Best Day Trading Platforms of May 2024 Best IRA Accounts of May 2024 Best Share Trading Platforms in Australia for May 2024 Best Futures Trading Platforms of May 2024 Best Stock Brokers for May 2024
Popular Stock Broker Reviews
Charles Schwab Review Vanguard Review J.P. Morgan Self-Directed Investing Review Public.com Review Merrill Edge Review SoFi Invest Review Webull Review Interactive Brokers Review Tastytrade Review eToro Review Firstrade Review E*TRADE Review Ally Invest Review Tradier Review TradeStation Review Fidelity Review
Is Robinhood completely free?
The short answer is yes, technically Robinhood is free and charges $0 for stock, options, and cryptocurrency trades. However, certain features require a $5/month subscription to Robinhood Gold, and Robinhood does accept payment for order flow, or PFOF.
Is Robinhood good for beginners?
Yes, Robinhood is good for those new to investing, and in fact it's among our choices for best trading platforms for beginners. Robinhood led the industry in making the market more accessible to beginners. The broker is frequently criticized for encouraging irresponsible investing, a concern I share.
Is Robinhood 100% safe?
Robinhood is safe, but no broker is “100% safe.” There’s always a risk of cyber fraud whenever your information is online. In the unlikely event of broker insolvency, your account is protected up to $500,000 ($250,000 in cash) per customer by the Securities Investor Protection Corporation, or SIPC. This insurance doesn’t protect against market losses, only broker insolvency. If your account is larger than $500,000 or you have more than $250,000 in cash, there are other brokers that carry higher amounts of coverage.
Is Robinhood FDIC insured?
Securities brokers aren’t covered by FDIC insurance. In the U.S., clients are protected by the Securities Investor Protection Corporation (SIPC). Robinhood does offer a program that deposits your free cash (up to $2 million) into FDIC-insured partner banks.
Can you make money on Robinhood?
Yes, you can make money on Robinhood, as you can with all the brokers we review. Brokerage firms in the United States are tightly regulated. Your investment results will depend far more on your investing knowledge, time in the market, and self-discipline than your choice of broker.
Can you lose money with Robinhood?
All investments carry some risk of loss, and Robinhood’s primary focus is on the riskier choices, such as cryptocurrency, stocks and options, though it does pay interest on cash and has fixed income exchange-traded funds. Other brokers offer a broad choice of conservative investments, such as certificates of deposit, Treasury, municipal and corporate bonds, and fixed income mutual funds.
What is the catch with Robinhood?
Unlike most online stock brokers, Robinhood does not offer trading of mutual funds; only stocks, ETFs, and crypto, are supported. And while Robinhood does offer commission-free trading, it earns money from your business in a number of ways.
For example, Robinhood receives Payment for Order Flow, or PFOF, from venues where it routes your trades; while PFOF is a common industry practice, it may not be fully understood by new traders. Robinhood also may earn a fee from the program banks to which it sweeps funds from customers’ cash management accounts. The broker also charges $5 per month for its premium Gold Pricing package, which provides Level II real-time data and research reports from Morningstar, in addition to other account service fees, including 5.75% charged for margin accounts with more than $1,000.
What is the downside to Robinhood?
The two major downsides to Robinhood are, first, its limited investment choices and tools, and second, maddeningly sparse customer support when compared to most other online brokers.
How do I get my money out of Robinhood without paying any fees?
First, sell all your stocks and any other positions. Next, transfer all your cash via ACH to your bank account (ACH transfers are free). Finally, contact Robinhood to close your account. If you transfer stock holdings to another broker, Robinhood will charge you a $75 ACAT fee. Switching brokers? See our list of the best online stockbrokers for 2024.
Do you actually own stocks on Robinhood?
Yes, you do. You may transfer whole shares in and out of your Robinhood account. Fractional shares are an exception. Those must be liquidated when your account is transferred or closed. Fractional shares are really accounting entries against shares that Robinhood holds in inventory, but fractional share owners will receive their proportionate interest in any dividends declared. If the stock is reorganized, Robinhood will liquidate the fractional interest.
Can I day trade stocks using Robinhood?
You need at least $25,000 in your account to day trade with Robinhood (all brokers require at least $25,000 by law), otherwise your account is restricted to just three day trades every rolling five business days. That said, even if you had $25,000, I wouldn't recommend Robinhood. Read our best day trading platforms guide.
Can I buy and sell Bitcoin with Robinhood?
Yes. Robinhood currently offers seven tradeable cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Dogecoin (DOGE), Ethereum Classic (ETC), and Bitcoin SV (BSV). Ten additional cryptocurrencies can be added to any watch list.
Can you trade penny stocks with Robinhood?
No. You cannot trade penny stocks on Robinhood. Over-the-counter (OTC) securities are not supported. However, Robinhood customers can trade company shares listed on the NASDAQ and NYSE whose stock price is currently below $1.00.
Can you trade international stocks with Robinhood?
Yes. Robinhood offers customers the opportunity to buy and sell over 250 popular American Depositary Receipts (ADRs), including shares in companies such as Adidas (ADDYY), Tencent (TCEHY), and Nintendo (NTDOY). That said, Robinhood does not support trading stocks on international exchanges, e.g., the Royal Bank of Canada on the Toronto stock exchange (RY.TO).
Do any of Robinhood’s competitors offer $0 trading?
Yes. E*TRADE, TradeStation, and Charles Schwab, among others, all offer $0 stock trades. Compare Robinhood vs E*TRADE.
Can I trade immediately after opening my Robinhood account?
When you open and fund an account with Robinhood, the broker is unique in that it provides you access to up to $1,000 in funds, available immediately for trading while your ACH transfer deposit processes. Under normal ACH transfers, the average processing time is two to three days.
How do I contact Robinhood customer support?
Unlike most of the best online brokers for beginners, Robinhood does not offer direct phone support or live chat support for prospective customers. Current account holders must email support@robinhood.com or use the app for live chat or to request a phone callback.
About Robinhood
Founded in 2013 and based in Menlo Park, California, Robinhood is an online broker that has raised $2.2 billion in venture capital funding and has more than 14 million monthly active users. The millennial- and Gen Z-focused broker is best known for offering $0 stock, ETF, options and cryptocurrency trades via an easy-to-use website and mobile trading app.
Robinhood 2024 Results
For the StockBrokers.com 2024 Annual Awards, announced on Jan. 23, 2024, all U.S. equity brokers we reviewed were assessed on over 200 different variables across eight areas: Commissions & Fees, Investment Options, Platforms & Tools, Research, Mobile Trading, Education, Ease of Use, and Overall.
StockBrokers.com also presented “Best in Class” awards to brokers for additional categories Beginners, Options Trading, Futures Trading, Active Trading, IRA Accounts, Investor Community, Penny Stock Trading, Banking Services and Customer Service. A “Best in Class” designation means finishing in the top five brokers for that category.
For more information, see how we test. New to investing? Check out the 5 step guide on how to invest on our sister site, investor.com.
Category awards
 | Ease of Use |
| Rank #1 | check |
| Streak #1 | 1 |
| Best in Class | check |
| Best in Class Streak | 1 |
Compare Robinhood Competitors
Select one or more of these brokers to compare against Robinhood.
Show all unfold_more
StockBrokers.com Review Methodology
Our mission at StockBrokers.com is simple: provide thorough and unbiased reviews of online brokers, based on an extraordinary level of hands-on testing and data collection. Our ratings and awards are based on this data and our in-house experts’ deep authority in the field; brokers cannot pay for preferential treatment. Here’s more about trustworthiness at StockBrokers.com.
Our research team conducts thorough testing on a wide range of features, products, services, and tools for U.S. investors, collecting and validating thousands of data points in the process; this makes StockBrokers.com home to the largest independent database on the web covering the online broker industry. We test all available trading platforms for each broker and evaluate them based on a host of data-driven variables. All research, writing and data collection at StockBrokers.com is done by humans, for humans. Read our generative AI policy here.
As part of our process, all brokers had the annual opportunity to provide updates and key milestones and complete an in-depth data profile, which we hand-checked for accuracy. Brokers also were offered the opportunity to provide executive time for an annual update meeting.
Our rigorous data validation process yields an error rate of less than .001% each year, providing site visitors quality data they can trust. Learn more about how we test.
Robinhood fees and features data
The data collection efforts at StockBrokers.com are unmatched in the industry. The following tables show a deeper dive into the offerings available at this broker. You can also compare its offerings side-by-side with those of other brokers using our Comparison Tool.
In addition to meticulous annual data collection by our in-house analyst, every broker that participates in our review is afforded the opportunity to complete an in-depth data profile. We then audit each data point to ensure its accuracy.
Trading fees
| Feature | |
|---|---|
| Minimum Deposit | $0.00 |
| Stock Trades | $0.00 |
| Mutual Fund Trade Fee | N/A |
| Options (Base Fee) | $0.00 |
| Options (Per Contract) | $0.00 |
| Futures (Per Contract) | (Not offered) |
| Broker Assisted Trade Fee | N/A |
Account fees
| Feature | |
|---|---|
| IRA Annual Fee | $0.00 |
| IRA Closure Fee | $0.00 |
| Account Transfer Out (Partial)info | $100.00 |
| Account Transfer Out (Full)info | $100.00 |
| Options Exercise Fee | $0.00 |
| Options Assignment Fee | $0.00 |
Margin rates
| Feature | |
|---|---|
| Margin Rate Under $25,000 | 12% info |
| Margin Rate $25,000 to $49,999.99 | 12% info |
| Margin Rate $50,000 to $99,999.99 | 12% info |
| Margin Rate $100,000 to $249,999.99 | 12% info |
| Margin Rate $250,000 to $499,999.99 | 12% info |
| Margin Rate $500,000 to $999,999.99 | 12% info |
| Margin Rate Above $1,000,000 | 12% info |
Investment options
| Feature | |
|---|---|
| Stock Tradinginfo | Yes |
| Margin Trading | Yes |
| Fractional Sharesinfo | Yes |
| OTC Stocksinfo | Yes |
| Options Tradinginfo | Yes |
| Complex Options Max Legsinfo | 4 |
| Futures Tradinginfo | No |
| Forex Tradinginfo | No |
| Crypto Tradinginfo | Yes info |
| Crypto Trading - Total Coinsinfo | 15 |
| Mutual Funds (No Load)info | 0 |
| Mutual Funds (Total)info | 0 |
| Bonds (US Treasury)info | No |
| Bonds (Corporate)info | No |
| Bonds (Municipal)info | No |
| Advisor Servicesinfo | No |
| International Countries (Stocks)info | 0 |
View More
Order types
| Feature | |
|---|---|
| Order Type - Marketinfo | Yes |
| Order Type - Limitinfo | Yes |
| Order Type - After Hoursinfo | Yes |
| Order Type - Stopinfo | Yes |
| Order Type - Trailing Stopinfo | Yes |
| Order Type - OCOinfo | No |
| Order Type - OTOinfo | No |
| Order Type - Broker Assistedinfo | No |
Beginners
| Feature | |
|---|---|
| Education (Stocks)info | Yes |
| Education (ETFs)info | No |
| Education (Options)info | Yes |
| Education (Mutual Funds)info | No |
| Education (Bonds)info | No |
| Education (Retirement)info | No |
| Retirement Calculatorinfo | No |
| Investor Dictionaryinfo | Yes |
| Paper Tradinginfo | No |
| Videosinfo | No |
| Webinarsinfo | No |
| Webinars (Archived)info | No |
| Progress Trackinginfo | No |
| Interactive Learning - Quizzesinfo | No |
View More
Stock trading apps
| Feature | |
|---|---|
| iPhone Appinfo | Yes |
| Android Appinfo | Yes |
| Apple Watch Appinfo | Yes |
| Trading - Stocksinfo | Yes |
| Trading - After-Hoursinfo | Yes |
| Trading - Simple Optionsinfo | Yes |
| Trading - Complex Optionsinfo | Yes |
| Order Ticket RT Quotesinfo | Yes |
| Order Ticket SRT Quotesinfo | Yes |
Stock app features
| Feature | |
|---|---|
| Market Movers (Top Gainers)info | Yes |
| Stream Live TVinfo | No |
| Videos on Demandinfo | No |
| Stock Alertsinfo | Yes |
| Option Chains Viewableinfo | Yes |
| Watch List (Real-time)info | Yes |
| Watch List (Streaming)info | Yes |
| Watch Lists - Create & Manageinfo | Yes |
| Watch Lists - Column Customizationinfo | Yes |
| Watch Lists - Total Fieldsinfo | 3 |
Stock app charting
| Feature | |
|---|---|
| Charting - After-Hoursinfo | Yes |
| Charting - Can Turn Horizontallyinfo | No |
| Charting - Multiple Time Framesinfo | Yes |
| Charting - Technical Studiesinfo | 6 |
| Charting - Study Customizationsinfo | Yes |
| Charting - Stock Comparisonsinfo | No |
Trading platforms overview
| Feature | |
|---|---|
| Active Trading Platforminfo | |
| Desktop Trading Platforminfo | No |
| Desktop Platform (Mac)info | No |
| Web Trading Platforminfo | Yes |
| Paper Tradinginfo | No |
| Trade Journalinfo | No |
| Watch Lists - Total Fieldsinfo | 3 |
Trading platform stock chart features
| Feature | |
|---|---|
| Charting - Adjust Trades on Chartinfo | No |
| Charting - Indicators / Studiesinfo | 6 |
| Charting - Drawing Toolsinfo | 0 |
| Charting - Notesinfo | No |
| Charting - Index Overlaysinfo | No |
| Charting - Historical Tradesinfo | No |
| Charting - Corporate Eventsinfo | No |
| Charting - Custom Date Rangeinfo | No |
| Charting - Custom Time Barsinfo | No |
| Charting - Automated Analysisinfo | No |
| Charting - Save Profilesinfo | No |
| Trade Ideas - Technical Analysisinfo | No |
| Charting - Study Customizationsinfo | 1 |
| Charting - Custom Studiesinfo | No |
View More
Day trading features
| Feature | |
|---|---|
| Streaming Time & Salesinfo | No |
| Streaming TVinfo | No |
| Direct Market Routing - Stocksinfo | No |
| Ladder Tradinginfo | No |
| Trade Hot Keysinfo | No |
| Level 2 Quotes - Stocksinfo | No info |
| Trade Ideas - Backtestinginfo | No |
| Trade Ideas - Backtesting Advinfo | No |
| Short Locatorinfo | No |
| Order Liquidity Rebatesinfo | No |
Investment research overview
| Feature | |
|---|---|
| Research - Stocksinfo | Yes |
| Research - ETFsinfo | Yes |
| Research - Mutual Fundsinfo | No |
| Research - Pink Sheets / OTCBBinfo | Yes |
| Research - Bondsinfo | No |
| Screener - Stocksinfo | No |
| Screener - ETFsinfo | No |
| Screener - Mutual Fundsinfo | No |
| Screener - Bondsinfo | No |
| Misc - Portfolio Allocationinfo | No |
Stock research features
| Feature | |
|---|---|
| Stock Research - PDF Reportsinfo | 0 info |
| Stock Research - Earningsinfo | Yes |
| Stock Research - Insidersinfo | No |
| Stock Research - Socialinfo | No |
| Stock Research - Newsinfo | Yes |
| Stock Research - ESGinfo | No |
| Stock Research - SEC Filingsinfo | No |
ETF research features
| Feature | |
|---|---|
| ETFs - Strategy Overviewinfo | Yes |
| ETF Fund Facts - Inception Dateinfo | Yes |
| ETF Fund Facts - Expense Ratioinfo | Yes |
| ETF Fund Facts - Net Assetsinfo | Yes |
| ETF Fund Facts - Total Holdingsinfo | Yes |
| ETFs - Top 10 Holdingsinfo | Yes |
| ETFs - Sector Exposureinfo | Yes |
| ETFs - Risk Analysisinfo | No |
| ETFs - Ratingsinfo | No |
| ETFs - Morningstar StyleMapinfo | No |
| ETFs - PDF Reportsinfo | No |
View More
Mutual fund research features
| Feature | |
|---|---|
| Mutual Funds - Strategy Overviewinfo | No |
| Mutual Funds - Performance Chartinfo | No |
| Mutual Funds - Performance Analysisinfo | No |
| Mutual Funds - Prospectusinfo | No |
| Mutual Funds - 3rd Party Ratingsinfo | No |
| Mutual Funds - Fees Breakdowninfo | No |
| Mutual Funds - Top 10 Holdingsinfo | No |
| Mutual Funds - Asset Allocationinfo | No |
| Mutual Funds - Sector Allocationinfo | No |
| Mutual Funds - Country Allocationinfo | No |
| Mutual Funds - StyleMapinfo | No |
View More
Options trading overview
| Feature | |
|---|---|
| Option Chains - Basic Viewinfo | Yes |
| Option Chains - Strategy Viewinfo | No |
| Option Chains - Streaminginfo | Yes |
| Option Chains - Total Columnsinfo | 17 |
| Option Chains - Greeksinfo | 5 |
| Option Chains - Quick Analysisinfo | Yes |
| Option Analysis - P&L Chartsinfo | Yes |
| Option Probability Analysisinfo | No |
| Option Probability Analysis Advinfo | No |
| Option Positions - Greeksinfo | Yes |
| Option Positions - Greeks Streaminginfo | Yes |
| Option Positions - Adv Analysisinfo | No |
| Option Positions - Rollinginfo | Yes |
| Option Positions - Groupinginfo | Yes |
View More
Banking features
| Feature | |
|---|---|
| Bank (Member FDIC)info | No |
| Checking Accountsinfo | No |
| Savings Accountsinfo | No |
| Credit Cardsinfo | No |
| Debit Cardsinfo | Yes |
| Mortgage Loansinfo | No |
Customer service options
| Feature | |
|---|---|
| Phone Support (Prospect Customers)info | No |
| Phone Support (Current Customers)info | Yes |
| Email Supportinfo | Yes |
| Live Chat (Prospect Customers)info | No |
| Live Chat (Current Customers)info | Yes |
| 24/7 Supportinfo | Yes |
Compare Robinhood
See how Robinhood stacks up against other brokers.
Robinhood vs Fidelity Robinhood vs Citi Self Invest Robinhood vs Firstrade Robinhood vs tastytrade Robinhood vs Tradier Robinhood vs J.P. Morgan Self-Directed Investing Robinhood vs SoFi Invest Robinhood vs E*TRADE Robinhood vs TradeStation Robinhood vs eToro Robinhood vs Ally Invest Robinhood vs Interactive Brokers
Show all
About the Editorial Team
Sam Levine, CFA, CMT
Sam Levine has over 30 years of experience in the investing field as a portfolio manager, financial consultant, investment strategist and writer. He also taught investing as an adjunct professor of finance at Wayne State University. Sam holds the Chartered Financial Analyst and the Chartered Market Technician designations and is pursuing a master's in personal financial planning at the College for Financial Planning. Previously, he was a contributing editor at BetterInvesting Magazine and a contributor to The Penny Hoarder and other media outlets.
Carolyn Kimball
Carolyn Kimball is managing editor for Reink Media and the lead editor for the StockBrokers.com Annual Review. Carolyn has more than 20 years of writing and editing experience at major media outlets including NerdWallet, the Los Angeles Times and the San Jose Mercury News. She specializes in coverage of personal financial products and services, wielding her editing skills to clarify complex (some might say befuddling) topics to help consumers make informed decisions about their money.
Steven Hatzakis
Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.
Blain Reinkensmeyer
Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.
