Comparison Robinhood vs TD Ameritrade
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Robinhood vs TD Ameritrade. Is Robinhood or TD Ameritrade a better online broker?
First of all, we’ll compare the commission fees of the two brokers. Robinhood has a commission fee of commission-free, and TD Ameritrade has a commission fee of $6.95. When analyzing trading options, the commission fees of Robinhood is commission-free, and that one of TD Ameritrade is $6.95 + $0.75. The full online broker reviews contains more detailed information on the brokers’ commission fees.
Investors should always know about types of online trading supported by broker and about tools provided by them in trading. It is very important information as well. Let’s compare them. are Robinhood provides customers with Stocks Trading, Options Trading, ETFs Trading, Crypto Trading, and TD Ameritrade provides customers with Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading. Concerning the platforms, Robinhood uses Web Platform, Android App, iOS App, while TD Ameritrade uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App.
Finally, by comparing the two online brokers, we want to pay attention to the year and country of establishing, the regulatory authorities and the possibility of withdrawing funds. Robinhood was established in 2013 in USA, and it is regulated by SEC, FINRA. And TD Ameritrade was established in 1975 in USA, and it is regulated by SEC, FINRA. Withdrawal of funds from Robinhood can be done using Bank Wire with a withdrawal fee of free. And TD Ameritrade provides the ability to withdraw funds using Bank Wire with a withdrawal fee of free. The time for withdrawal in Robinhood is 5 days trading holding period for uninvested funds, and that one in TD Ameritrade is one Business Day.
As a result, the rating of Robinhood is 3.4 stars versus that of TD Ameritrade of 4.5 stars.