How does Fidelity compare to Robinhood?

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Fidelity and Robinhood: the biggest differences

Fidelity BrokerageFidelity, Robinhood and other online brokers are all good choices. Online brokerages are the best way to trade.. Both offer stocks without commission. ETFsThe two are different when it comes down to the fees, account types and investment options available, as well as features.

Fidelity offers the best options for investors of all types. The brokerage offers a variety of account options for all types of investors, whether you are a novice or an experienced trader, an active or infrequent or hands-off or passive investor. It offers investment incentives like a no-expense-ratio. The index fund.

Robinhood InvestingIt is better for frequent traders, crypto traders and options traders who are looking for a simple interface to invest. Robinhood does not charge for an options contract and has more than 18 cryptos.

Fidelity: Is it Right for you?

Fidelity: Who’s the Best Fidelity for?

Fidelity BrokerageThe online brokerage offers something for every investor. The online brokerage provides self-directed accounts and automated investing accounts (also referred to as roboadvisors). Custodial Accounts, IRAs, 529 PlansAnd much more. Plus, the low-cost investments make it even more attractive to those who are looking to minimize trading costs.

Fidelity is currently offering no-minimum mutual fund purchases and commission-free ETFs, stocks, and options. Fidelity’s own index funds are managed by Fidelity and have zero-expense-ratios, so you don’t have any fund fees to worry about when you invest in different assets.

Get the Insider’s Guide to the The best IRA accounts

Fidelity: What it offers

Unlike Robinhood, Fidelity has two accounts that cater more toward hands-off investors: Fidelity Go and Fidelity Personalized Planning & Advice. These two robo-advisors will create a personalized portfolio that is self-managed based on the goals you have for investing. However, Fidelity go doesn’t allow for one-on-one human advisor guidance, but Fidelity Personalized Planning & Advice does.

It’s also a good option if you are interested in retirement accounts such as IRAs. Its selection — which includes traditional IRAs, Roth IRAs, rollover IRAs, Roth IRAs for Kids, SEP IRAs. SIMPLE IRAs — applies to both individuals with taxable income, self-employed individuals, and businesses.

Fidelity provides multiple trading platforms. This includes its web platform as well as mobile apps and Active Trader Pro. Active Trader Pro is ideal for frequent traders who are looking to enjoy perks such as real-time price analysis, portfolio monitoring tools and more.

Fidelity can be found on iOSThe following are some examples of how to get started: Android devices.

Please read our article Fidelity Investments review

Robinhood: Is it Right for Me?

Robinhood is the best for who?

Robinhood InvestingThe online brokerage is best suited for active traders, options traders, crypto investors, and margin traders. Online brokerages offer a variety of account types including individual investment, margin, and cash management.

Robin Hood Offers

Robinhood offers commission-free trading on stocks, ETFs and options. The crypto assets available include bitcoin, ether and dogecoin.

Robinhood also offers Roth and traditional IRAs. These accounts come with $0 trading fees, a match of 1% on every dollar that you invest, and recommended portfolios. 

Robinhood Gold, the only subscription that allows margin trading with a 440% interest rate, requires at least $2,000 to be eligible. Robinhood’s personal investment accounts have no minimum requirements. Robinhood Gold has a $5 fee per month, but offers a number of benefits, including margin trading that pays 440%, large instant deposits from $5,000 to $50,000, Nasdaq data, 1,700+ Morningstar reports, and Nasdaq Market Data.

Robinhood has a digital library with educational guides that cover topics like investing 101 and options trading.

Robinhood is now available on iOSThe following are some examples of how to get started: Android devices.

Please read our article Robinhood Investing review

Fidelity vs. Robinhood — Frequently Asked Questions (FAQs)