We’re doing more and more on our phones every day, and that includes investing. If mobile trading matters to you, two names worth comparing are Robinhood and Stash.
Robinhood is a free-trading app that’s ideal for investors who want to trade stocks, options, exchange-traded funds and cryptocurrency on a barebones platform without paying commissions or fees. The Stash app aims to make the process of finding and selecting investments — specifically exchange-traded funds and individual stocks — easy and approachable for beginners to build their portfolio.
Robinhood vs. Stash
Robinhood is best for:
- Frequent stock, options or ETF traders.
- Individual taxable accounts.
- Margin accounts and 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.|
|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.
• 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.|
|Promotion||Refer a friend who joins Robinhood and you both earn a free share of stock.|
Learn more: Read our full Robinhood review
Stash is best for:
- New investors who want guidance selecting investments.
- Tax-advantaged and taxable individual retirement accounts.
- Thematic or impact investors.
Stash at a glance
|Account subscription fee||$1/month ($3/month to add a retirement account; $9/month to add custodial accounts and other services). Stash is not a robo-advisor and doesn't have discretion to manage customer accounts.|
|Investment expense ratios||Expense ratios average 0.23% for ETFs (0.34% for ETFs that focus on socially responsible investments); no investment fee for stocks.|
|Account fees (annual, transfer, closing)||No annual or inactivity fee; $75 outgoing transfer fee.|
|Portfolio mix||More than 1,800 ETFs and individual stocks available.|
|Tax strategy||Not available.|
|Automatic rebalancing||Not available.|
|Human advisor option||Not available.|
|Bank account/cash management account||Stash offers an online bank account with debit card and rewards program, but the account doesn't pay interest.|
|Customer support options (includes website transparency)||Phone and email support Monday-Friday, 8:30 a.m. to 6:30 p.m. Eastern, and Saturday-Sunday, 11 a.m. to 5 p.m.|
|Promotion||Up to $560 cash credit to invest with qualifying deposit.|
Learn more: Read our full Stash review