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.

To help you make an informed decision, we've compiled a comprehensive comparison of these two products, delving into their features, pros, cons, pricing, and more. Get ready to explore the nuances that set them apart and determine which one is the perfect fit for your requirements.

Scottrade

Scottrade

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.

Categories:
stocks etfs mutual-funds bonds options trading investing

Scottrade Features

  1. Online trading platform
  2. Low trading commissions
  3. Access to stocks, ETFs, mutual funds, bonds, options
  4. Research tools and market data
  5. Mobile and desktop apps
  6. Banking services like checking accounts

Pricing

  • Subscription-Based
  • Pay-As-You-Go

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

Robinhood

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.

Categories:
stocks cryptocurrency mobile free novice-investors

Robinhood Features

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

Pricing

  • Free

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