However, you'll have to do the research on the companies yourself. But perhaps almost as unique is that you can trade cryptocurrency on the platform — also commission-free. It charges $44.99 for broker-assisted trades … For direct account security, E*TRADE offers $0 liability against unauthorized use of your account, as well as complete payment protection, information privacy, optional digital security ID and smart alerts by text or email. After testing 15 of the best online brokers over five months, TD Ameritrade (97.44%) is better than Robinhood (62.62%). Robinhood is mostly free. The investor needs only to fund his or her account and is then free to completely ignore their investments. The information on Investor Junkie could be different from what you find when visiting a third-party website. This may influence which products we write about and where and how the product appears on a page. Those aren't available even with full-service, diversified investment brokerage platforms. All available ETFs trade commission-free. Robinhood does not offer a specific SRI portfolio, but you can invest in ETFs or stocks that are focused on social and environmental issues. Kevin Mercadante is professional personal finance blogger, and the owner of his own personal finance blog. (Robinhood Gold, which costs $5 a month, includes access to Morningstar Research Reports and NASDAQ Level II Market Data.). The Best Online Brokers for Stock Trading, Power Trader? TD Ameritrade vs. Robinhood: … The app handles everything else. Robinhood was hoping a high 3% interest rate checking account feature announced in December might help differentiate it from online stock brokerages. Robinhood also lets you invest in cryptocurrencies. The trading platform is optimized for options trading and is considered one of the best in the industry. The interest rate for the LOC is lower than margin interest rates, and you can repay on your own schedule. While E*TRADE and TD Ameritrade offer different types of IRAs, Robinhood is limited to taxable accounts only. Save my name, email, and website in this browser for the next time I comment. When you open an account with E*TRADE, you also have access to E*TRADE Savings Bank. Robinhood encrypts sensitive information, such as your Social Security number, before storage. Customer Service — E*TRADE offers 24/7 customer service by live chat; TD Ameritrade is available 24/7 by phone, live chat, email, and text; Robinhood restricts customer service to email only. E*Trade, Schwab, Ameritrade go zero-fee Josh Constine @JoshConstine / 1 year The biggest players in online stock trading all just copied Robinhood by removing their fees for stock and … It's also an excellent platform for fund investing since it offers hundreds of commission-free ETFs and thousands of fee-free mutual funds. Investor Junkie is a financial publisher that does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual. How does it compare to TD Ameritrade? Many or all of the products featured here are from our partners who compensate us.