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Robinhood vs. E*TRADE

April 17, 2018
Brokers, Investing
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own.

It’s hard to compare E*TRADE and Robinhood: Both brokers allow investors to trade stocks and exchange-traded funds for free, yes. But there’s more to differentiate them. Check out our head-to-head comparison across several key factors.

E*TRADE at a glance

Account minimum

$0
Stock trading costs

$0
Options trades

No base commission; $0.65 per contract (volume discount available)
Account fees (annual, transfer, closing, inactivity)

No annual or inactivity fee. $75 full transfer out fee; $25 partial
Number of commission-free ETFs

All ETFs trade commission-free.
Number of no-transaction-fee mutual funds

Over 4,400
Tradable securities

• Stocks.
• Bonds.
• Mutual funds.
• ETFs.
• Options.
• Futures.
Trading platform

Three platforms available for free to all customers:
• E-Trade Web.
• Power E-Trade.
• E-Trade Pro.
Mobile app

Two high-performing apps: • E*TRADE Mobile. • Power E*TRADE. Available on iOS and Android.
Research and data

Free and extensive, with over eight providers available at no cost.
Customer support options (includes website transparency)

Phone, email and chat support 24/7; 30 local branches
Promotion
None.

» Read our full review of E*TRADE

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.)
Tradable securities

• Stocks.
• ETFs.
• Options.
• Cryptocurrency.
• American Depositary Receipts for over 250 global companies.
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

Free but limited. (Robinhood Gold, which costs $5 a month, includes access to Morningstar Research Reports and NASDAQ Level II Market Data.)
Customer support options (includes website transparency)

Email and social media.
PromotionRefer a friend who joins Robinhood and you both earn a free share of stock.

» Read our full review of Robinhood

» Want to compare E*TRADE and Robinhood with other brokers? View our picks for the best brokers for stock trading

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