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Robinhood vs. E-Trade

April 17, 2018
Brokers, Investing
At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn’t 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 the similarities come to a halt — a bit of a screeching one — there.

E-Trade ticks the boxes you’d expect in a broker: several trading platforms, a well-rounded selection of research, a range of investment options. These aren’t exactly bells and whistles in the online broker world … until you stack them up against Robinhood, which offers little of the above. (That said, Robinhood is at least in part to thank for driving down fees at E-Trade and other brokers — it used to be the lone free-trading option in the pack.)

Trade Fee

$0.00

$0.00

Account Minimum

$0

$0

Promotion

None

None

no promotion available at this time

Trade Fee

$0.00

$0.00

Account Minimum

$0

$0

Promotion

Up to $600

Up to $600

cash credit with a qualifying deposit

 

Robinhood vs. E-Trade: A quick comparison

robinhood
etrade
Best for

  • Mobile users
  • Individual taxable accounts
  • Margin accounts
  • Beginner investors
  • Trading platform
  • Research and data
  • Retirement planning assistance
  • Stock trading costs
    $0$0
    Options trades
    $0$0.65 per contract (volume discounts available)
    Account minimum
    $0$0
    Account fees (annual, transfer, closing, inactivity)
    No annual, inactivity or ACH transfer fees; $75 ACAT outgoing transfer feeNo annual or inactivity fee; $75 full transfer out fee; $25 partial transfer out fee
    Trading platform
    App-based, with desktop version — both purposely simpleThree platforms available for free to all customers:
    • E-Trade Web.
    • Power E-Trade.
    • E-Trade Pro.
    Mobile app
    Customizable alerts; news feed; ability to listen to live earnings callsAdvanced features mimic a desktop trading platform
    Investment selection
  • Stocks
  • ETFs
  • Options
  • Cryptocurrency
  • Stocks
  • Bonds
  • Mutual funds
  • ETFs
  • Options
  • Futures
  • Promotion
    No promotion available at this timeUp to $600 cash credit with qualifying deposit
    Open an account

     
    » Want to compare E-Trade with other brokers? View our picks for the best brokers for stock trading.

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