TD Ameritrade vs. Robinhood: 2021 Comparison

TD Ameritrade and Robinhood both offer commission-free trading. But TD Ameritrade may appeal more to advanced, active traders due to a larger investment selection and high-powered trading platforms.

Chris DavisMay 18, 2021
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The biggest difference between TD Ameritrade and Robinhood is that TD Ameritrade typically appeals to advanced, active traders, offering a wide investment selection, several high-quality trading platforms and a deep library of research and data. Robinhood, on the other hand, seeks to attract beginner investors who prioritize streamlined mobile trading and low costs.

Compare TD Ameritrade and Robinhood in detail below:

Robinhood
NerdWallet rating 

on Robinhood's website

Robinhood is best for:

  •  Mobile users.

  • Individual taxable accounts.

  • Margin accounts.

  • Cryptocurrency.

Robinhood at a glance

Account minimum

$0 for brokerage account and for Robinhood Gold account; $2,000 for a margin account (regulatory minimum).

Stock trading costs

$0.

Options trades

$0.

Account fees (annual, transfer, closing, inactivity)

No annual, inactivity or ACH transfer fees. $75 ACAT outgoing transfer fee. (Robinhood Gold costs $5 a month.)

Tradeable securities

• Stocks.

• ETFs.

• Options.

• Cryptocurrency.

• American Depositary Receipts for over 250 global companies.

• Fractional shares.

Number of commission-free ETFs

All available ETFs trade commission-free.

Number of no-transaction-fee mutual funds

None.

Trading platform

Web platform is purposely simple but meets basic investor needs.

Mobile app

Mobile trading platform includes customizable alerts, news feed, candlestick charts and ability to listen live to earnings calls.

Research and data

News available from WSJ Markets, Reuters, Barron's, CNBC Business and Cheddar. Gold members have access to research from Morningstar, Nasdaq, Nasdaq Totalview level II Market Data for an additional $5 per month.

Customer support options (includes website transparency)

Email and social media.

TD Ameritrade
NerdWallet rating 

on TD Ameritrade's website

TD Ameritrade is best for:

  • Beginner investors.

  • Advanced traders.

  • Investor education/advice.

  • Fund investors.

TD Ameritrade at a glance

Account minimum

$0

Stock trading costs

$0

Options trades

No base commission; $0.65 per contract.

Account fees (annual, transfer, closing, inactivity)

No annual or inactivity fee. $75 full transfer; $0 partial transfer.

Number of commission-free ETFs

All ETFs trade commission-free.

Number of no-transaction-fee mutual funds

More than 4,200.

Tradable securities

• Stocks. • Bonds. • Mutual funds. • ETFs. • Options. • Futures. • Forex. • Foreign ADRs. • IPOs for qualified accounts.

Trading platform

Two platforms: TD Ameritrade web and thinkorswim (desktop).

Mobile app

TD Ameritrade mobile app, TDA thinkorswim app.

Research and data

Research, analysis, commentary and news available from 14 providers, including Argus, CFRA, Reuters, Vickers and Morningstar.

Customer support options (includes website transparency)

Phone support 24/7; technical phone support Monday - Friday, 7 a.m. to 6 p.m. Eastern. In-person at 250+ local branches. Support also available via text, Facebook Messenger, Twitter direct message, Apple Business Chat and Amazon Alexa.

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Fees

$0

per trade

Fees

$0

per trade

Fees

$0

per trade

Account Minimum

$0

Account Minimum

$0

Account Minimum

$0

Promotion

None

no promotion available at this time

Promotion

$5 to $1,000

in free stock for users who sign up via mobile app

Promotion

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