You can trade stocks, exchange-traded funds (ETFs), and options, but not mutual funds, bonds, and other investments. Both the mobile and web applications securely communicate with servers using transport layer security (TLS) protocols. It also has a mobile app with full capabilities. save. Get the latest financial tips and news. Investor Junkie is your shortcut to financial freedom. However if you're just trading stocks, I'd recommend Robinhood. And for more hands-on wealth management, it offers its Blend Portfolios, Dedicated Portfolios and Fixed Income Portfolios. With the LOC you can borrow up to 50% of the value of your account for any purpose except buying securities on margin. E*TRADE offers investors access to Paper Trading, Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Fixed Income) and Education (Retirement). After testing 15 of the best online brokers over five months, E*TRADE (91.53%) is better than Robinhood (62.62%). And the company offers its own online banking unit, enabling you to bank where you invest. And while E*TRADE and TD Ameritrade do have certain similarities, the details between each make all the difference. E*TRADE highlights include $0 trades, two excellent mobile apps, and the Power E*TRADE platform, which is great for options trading. It does charge a $5 monthly fee for its margin-lending service, Robinhood Gold. But it also offers a robo advisor and several wealth management options, primarily for larger investors. The trading platform is optimized for options trading and is considered one of the best in the industry. As mentioned in the “About E*TRADE” section, the company offers discounted commissions for frequent traders (30 or more trades per quarter). But it has relatively high minimums for its managed options. Save my name, email, and website in this browser for the next time I comment. Robinhood's main feature is commission-free trading for stocks, options, and ETFs. TD Ameritrade and E*TRADE also offer iOS and Android mobile apps; Robinhood doesn’t. For more information, please read our. All three platforms provide investor access online. E*TRADE and TD Ameritrade both charge commissions for trades, though E*TRADE discounts fees for frequent traders, while Robinhood is a commission-free platform. TD Bank provides just that. All rights reserved. Etrade is much more sophisticated with the data and … 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. You can trust the integrity of our balanced, independent financial advice. The other standout feature is the ability to trade cryptocurrencies. The platform doesn’t offer bonds or mutual funds, nor does it provide a mobile app. The platform offers extremely limited customer service and is therefore designed almost exclusively for experienced self-directed investors who don't need broker assistance or many of the investment tools and services investors have come to expect from full-service brokerages. And with it, you get the type of face-to-face contact that's become highly unusual with investing. Robinhood’s main feature is commission-free trading for stocks, options and ETFs. 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. E*TRADE also offers four managed investment options, including its Core Portfolios robo advisor. Phone contact is available Monday through Friday from 8:30 a.m. to 8:30 p.m., Eastern Time. TD Ameritrade uses advanced firewalls to keep unauthorized parties from accessing your personal information. After testing 15 of the best online brokers over five months, E*TRADE (91.53%) is better than Robinhood (62.62%). Is E*TRADE or Robinhood better for beginners? StockBrokers.com is committed to the highest ethical standards and reviews services independently. It also offers a relatively limited menu of investment options. That’s the type of investing usually reserved for cryptocurrency exchanges. New comments cannot be posted and votes cannot be cast. TD Bank provides just that. Founded in 1982 as one of the first online brokerages in the United States, E*TRADE understands what investors need to succeed in the market. E*TRADE vs Robinhood Review Is E*TRADE better than Robinhood? Advertiser Disclosure: StockBrokers.com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. However, you can buy Bitcoin and other cryptocurrencies with Robinhood. The only thing that matters is what your own investment preferences are and which platform will work best for you. The connection between TD Ameritrade and TD Bank is more than incidental. best. Sort by. It also has one of the top investment platforms in the industry and consistently ranks among the best brokerage firms available. You can get reduced trading fees if you make at least 30 trades per quarter. It charges no commissions or fees of any kind for its basic account. While StockBrokers.com has all data verified by industry participants, it can vary from time to time. Basically, TD Ameritrade is the best choice of the three for any investor who also wants the face-to-face benefit that comes with the hundreds of branches the company has available. Phone contact is available Monday through Friday from 8:30 a.m. to 8:30 p.m., Eastern Time. Founded in 1982, E*TRADE was launched specifically as an online trading platform. But if you want to hold cryptocurrency as part of your overall portfolio, Robinhood lets you do that, along with investing in stocks, ETFs, and options. Fees matter — a lot — and none of the three platforms have an annual fee to maintain their brokerage accounts. Investor Junkie is not a member of FINRA or SIPC.”. TD Ameritrade also has more than 360 branches around the country, adding a face-to-face component to your investing activities. Robinhood doesn’t offer any managed account options, nor does it offer retirement accounts. Robinhood is literally a mobile app…? The platform doesn't offer bonds or mutual funds, nor does it provide a mobile app. Here is a list of our partners. E*TRADE and Robinhood charge the same amount for regular stock trades, $0. Opinions are the author's alone, and this content has not been provided by, reviewed, approved or endorsed by any advertiser. Winner — A three-way tie. The company now has more than $65 billion in assets under management, and while it’s not one of the larger brokerage firms, it’s rapidly growing into one of the most popular. You can trade stocks, exchange-traded funds (ETFs) and options, but not mutual funds, bonds and other investments. E*TRADE, TD Ameritrade and Robinhood are all online investment brokers with an emphasis specifically on self-directed investing. Founded in 1982 as one of the first online brokerages in the United States, E*TRADE understands what investors need to succeed in the market. Similar to stocks and ETFs, it also offers discounted fees to frequent options traders. “The platform doesn’t offer bonds or mutual funds, nor does it provide a mobile app.” I’m unsure if there are benefits to using Etrade vs. a non commission platform. TD Ameritrade is available 24/7 by phone, live chat, text, and email. What about Robinhood vs TD Ameritrade pricing? It's a perfect combination of investing and banking under the same roof. All accounts opened with the platform are taxable brokerage accounts. But E*TRADE offers a full range of investment options (except cryptocurrencies) and has several managed portfolio options. Investor Junkie does attempt to take a reasonable and good faith approach to maintaining objectivity towards providing referrals that are in the best interest of readers. And its Personalized Portfolios offer wealth management for investment accounts with at least $250,000. By Theresa W. Carey. A robo advisor and several wealth-management options. And if you invest with one of the managed portfolio options, there are specific requirements, as follows: Like TD Ameritrade, Robinhood has no minimum required investment. These three include active management and the ability to work directly with a financial consultant. E*TRADE and TD Ameritrade offer various types of IRAs, while Robinhood offers only taxable accounts. Investment options are also almost unlimited, allowing you to invest in individual stocks, bonds, mutual funds, exchange-traded funds (ETFs), options, futures and FOREX. Founded in 1971 and based in Omaha, Nebraska, TD Ameritrade is part of the Toronto Dominion Bank, which is the source of the abbreviation “TD.” TD Ameritrade is of course affiliated with TD Bank, which operates more than 1,300 branches in 15 East Coast states plus Washington, D.C. With $384 billion in total assets, TD Bank is the ninth largest bank in the United States. Basically, TD Ameritrade offers everything E*TRADE does. While partners may pay to provide offers or be featured, e.g. The trading platform is optimized for options trading and is considered one of the best in the industry. You’ll need to fund your account to begin trading, but how much that is will be your choice. Let’s start with — E*TRADE. E*TRADE also offers four managed investment options, including its Core Portfolios Robo advisor. How to Protect Your Investments If Your Broker Goes Out of Business. All rights reserved. MWM is your friendly source of knowledge on financial freedom via investment opportunities and financial planning to make your money work for you. 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. TD Ameritrade also has more than 360 branches around the country, adding a face-to-face component to your investing activities. But given that it’s a completely commission-free trading platform, it’s easy to see why the service has been growing so rapidly. There are no managed portfolio options available, and the investment menu is limited to just stocks, options, ETFs, and cryptocurrencies. E*TRADE is better for beginner investors than Robinhood. For a complete commissions summary, see our best discount brokers guide. It also has a mobile app with full capabilities. There’s no need to maintain a dedicated cryptocurrency exchange account. Robinhood has two standout features. Each broker has its own features and benefits that make it unique from the others. If you’re a fund investor, E*TRADE has more than 250 commission-free ETFs and at least 4,400 no-fee mutual funds. The information on Investor Junkie could be different from what you find when visiting a third-party website. And while E*TRADE and TD Ameritrade do have certain similarities, the details between each make all the difference. And unlike E*TRADE, which has an online — but limited — banking service, TD Bank is a full-service bank and offers commercial services to small businesses, as well as loans to all consumers. But as cryptocurrencies continue to grow in popularity, Robinhood is well-positioned to be an industry leader (even though that got hit lately). There are bank-based financial professionals available at branches, giving you a wider face-to-face capability for your investments. And with it, you get the type of face-to-face contact that’s become highly unusual with investing. It's one of only two or three investment platforms available where this is possible. Let’s compare the three to help you decide which might work best for your investing activities. InvestorJunkie.com© Copyright 2020, All Rights Reserved |