Scottrade vs Robinhood

Struggling to choose between Scottrade and Robinhood? Both products offer unique advantages, making it a tough decision.

Scottrade is a Business & Commerce solution with tags like stocks, etfs, mutual-funds, bonds, options, trading, investing.

It boasts features such as Online trading platform, Low trading commissions, Access to stocks, ETFs, mutual funds, bonds, options, Research tools and market data, Mobile and desktop apps, Banking services like checking accounts and pros including Low trading commissions, User-friendly trading platforms, Good customer service, Wide range of tradable securities, Educational resources for new investors.

On the other hand, Robinhood is a Business & Commerce product tagged with stocks, cryptocurrency, mobile, free, novice-investors.

Its standout features include Commission-free trading of stocks, ETFs, options and cryptocurrencies, Fractional share investing, Intuitive mobile app interface, Research tools like analyst ratings and price targets, Cash management account with debit card, and it shines with pros like No trade commissions or account minimums, Easy to use interface good for beginners, Fractional shares allow investing small amounts, Large selection of assets to trade.

Feature	Scottrade	Robinhood
Overall Score	N/A	N/A
Primary Category	Business & Commerce	Business & Commerce

Product Overview

Scottrade

Description: Scottrade is an online brokerage firm that provides a platform for self-directed investing. It allows users to trade stocks, ETFs, mutual funds, bonds, and options with low trading fees.

Robinhood

Description: Robinhood is a popular free stock trading app that allows users to buy and sell stocks, ETFs, options and cryptocurrencies with no commissions or fees. It has an easy-to-use mobile interface aimed at novice investors.

Key Features Comparison

Scottrade Features

• Online trading platform
• Low trading commissions
• Access to stocks, ETFs, mutual funds, bonds, options
• Research tools and market data
• Mobile and desktop apps
• Banking services like checking accounts

Robinhood Features

• Commission-free trading of stocks, ETFs, options and cryptocurrencies
• Fractional share investing
• Intuitive mobile app interface
• Research tools like analyst ratings and price targets
• Cash management account with debit card

Pros & Cons Analysis

Scottrade

Pros

• Low trading commissions
• User-friendly trading platforms
• Good customer service
• Wide range of tradable securities
• Educational resources for new investors

Cons

• Limited international trading
• Less research tools than some competitors
• Website can be slow during high trading volume
• No futures, forex, or crypto trading

Robinhood

Pros

• No trade commissions or account minimums
• Easy to use interface good for beginners
• Fractional shares allow investing small amounts
• Large selection of assets to trade

Cons

• No retirement accounts like IRAs offered
• Limited customer service and support
• Frequent outages during peak trading times
• Limited research and analysis tools compared to full-service brokers

Pricing Comparison

Scottrade

• Subscription-Based
• Pay-As-You-Go

Robinhood

• Free