Compare ETRADE Versus ROBINHOOD and IC Markets broker accounts.
Compare ETRADE Vs Robinhood Side by Side
So you are looking for a broker, ETRADE or Robinhood who should you choose?
When trading on financial markets you will want to know all about who ETRADE or Robinhood are, and how they compare. You will naturally want to know how long ETRADE and Robinhood have been in business and what reputation ETRADE and Robinhood have. On top of this, you will need to discover if ETRADE and Robinhood match your trading needs.
Having a reputable and dependable broker is crucial to your trading. The reason for this is quite a simple one You need to be safe in the knowledge that your money is in safe hands. Let us see how ETRADE and Robinhood compare.
Well in our side by side comparison we make it easier for you to see what is right for you. As with anything the final decision on which broker to trade with should ultimately be based on what and how you going to trade.
Our comparison will help you judge the effectiveness, price, ease of use and support trustworthiness of ETRADE and Robinhood side by side.
You are eager to start trading so let us help you make a more informed descision.
Our Comparebrokers.co team has painstakingly spent months assessing different brokers accounts. We collected over 1200 data points on ETRADE and Robinhood. To simplify things, we analyzed everything for you and provide the main points in relevant blocks on this page.
Regulation alongside currency availability is important when deciding upon a broker. It is very important when selecting a broker like the ETRADE platform or Robinhood, you can trust with your money with them. To finish off our comparison, let's look at the popular tools and features traders prefer side by side.
The ETRADE online trading platform gives traders from all over the world access to over 87
financial instruments including over 5,000 available instruments. There are over 10,000 customers that have taken advantage
of the ETRADE platform.
ETRADE are regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA).
Robinhood is a renowned USA financial trading brokerage
established in 2013.
Robinhood serves customers globally and are regulated by Financial Conduct Authority (FCA), Financial Supervision Commission (FSC).
Depending on the country you are trading from ETRADE may serve you from a
different business entity to comply with its financial regulators.
Robinhood is not listed on any stock market, does not disclose its yearly report on its website.
This is not terribly unusual for a broker, but you will want to check all of this out before you continue. Safety is the most important thing to consider. ETRADE is listed as a publically traded company so are a reputable broker.
Robinhood is a popular well known financial trading platform serving over 10,000,000 customers.
Benefits of ETRADE and Robinhood Compared
Below we will give you a brief summary of the benefits ETRADE and Robinhood offer side by side.
ETRADE offers a minimum deposit of 100 while Robinhood have a 0 minimum deposit.
Why small deposits before trading are good and how ETRADE and Robinhood compare
The first obvious reason is that you should only deposit what you can afford with ETRADE or Robinhood.
If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. ETRADE has a min deposit of
100, while Robinhood has a min deposit of 0.
The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage
of your allocated trading funds.
Don't let a higher minimum deposit offered by either ETRADE or Robinhood totally put you off a broker, look at the overall trading features you are getting from the trading platform.
Often a high minimum deposit gives greater choice in the financial
assets and trading platform research features.
ETRADE allows traders to trade up to 87 financial instruments
while Robinhood have around 5,000 on their trading platform.
The more instruments available on ETRADE and Robinhood trading platforms
the more potential financial instruments you can buy or sell for your portfolio.
It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities
and you seriously do not want to miss out on a trading opportunity due to the limitations of ETRADE or Robinhood.
The ETRADE trading platform has 0 stocks listed
while Robinhood has 5,000 stocks listed.
ETRADE allows retail traders to trade the following assets Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing on the ETRADE cTrader, SocialTrading, webPlatform, DesktopPlatform, Proprietary . trading platforms.
Alternatively Robinhood allows retail traders to trade Stocks, Commodities, Indices on the Robinhood Web Trader, Tablet & Mobile apps trading platforms.
Compare ETRADE and Robinhood in more detail below.
Drawbacks of ETRADE and Robinhood Compared
Below we compare what drawbacks ETRADE and Robinhood have side by side.
There are many potential drawbacks with some brokers. The first one is the potential limitations ETRADE and Robinhood have. Generally speaking, the more things, you can invest in the better. The second thing is the trading fees and commissions you are paying with ETRADE vs Robinhood. The higher the trading fees you pay will have more of an impact on any potential profits. Other important factors are the trading research tools, educational resources and the general usability of ETRADE vs Robinhood.
Variety is the spice of life and that certainly applies to financial markets. A diverse investment portfolio is always recommended. If your investment portfolio is diverse, it helps to protect your investments overall from huge downswings that can occur in one potential market. For example, when an aeroplane stock goes up, other aeroplane stocks usually follow suit. This of course is the positive side of putting all your eggs in one basket.
When the opposite happens this could spell disaster! The best portfolios cover for potential danger and involve businesses and stocks from all walks of life. Having more tradeable assets, commodities and assets available to you on the ETRADE and Robinhood platforms will help you build a more diverse investment portfolio.
Crypto currencies have been booming since the invention of Bitcoin and with good reason. Cryptocurrencies have turned double digit investments into millions. Extreme examples of course but this can be rarely said of any stock that exists.
Bitcoin is by far the most famous example of cryptocurrency but there are thousands of altcoins that are on the market that have the potential to rise in a similar fashion. Like stock markets, if Bitcoin rises, then altcoins follow suit.
Cryptocurrency can easily be labelled as a higher risk investment. This is because cryptocurrencies fluctuate often with extreme highs and extreme lows. If cryptocurrencies represent a fraction of your portfolio or you want to invest a small fraction of your trading budget to see what happens it could potentially be one of your most exciting trades ever depending on how the markets are. Please note that cryptocurrency availability with ETRADE, Robinhood and all brokers is subject to regulation.
We compare ETRADE vs Robinhood Crypto options below side by side.
knowing your trading and commission fees with ETRADE vs Robinhood is extremely important.
For the majority of the ETRADE 87 financial instruments
and Robinhood 5,000 available financial
The price you are being presented with will factor in the fee the broker takes. For example, if a financial asset is at 79.6. You might have to pay 79 to enter. Therefore, you will start with a small loss with both ETRADE and Robinhood. The bigger the fee, the bigger the issue this is. Most alarmingly though some financial assets occur a charge for you to hold on to the asset overnight or over the weekend. This is usually true with commodities and stocks that you are using leverage on. Please check what your fees are with ETRADE and Robinhood before you invest because it is crucial that you know exactly what you are paying.
You ideally want to choose a broker that does not charge to much for withdrawal fees. This is simply because this will eat into your profits. This is especially true if you have a low budget and do not intend to invest so much. You want the withdrawal fee to be less than one percent of what you are withdrawing but more ideally
a set fee of around 5 USD. Your location or residence will have an impact on your potential ETRADE and Robinhood fees of course. Make sure you do your research and check the commission and fees with both ETRADE and Robinhood before you invest anything.
Some brokers will charge inactivity fees. As the name suggests this occurs when you have been inactive on your account for a certain period.
ETRADE does charge inactivity fees, while Robinhood does not charge inactivity fees.
You should receive plenty of notifications warning you about any potential deadlines and you can make a decision to act accordingly, continuing to use your account or closing it. Usually the fees are very small so there is no need to be alarmed especially when the problem is easily avoided.
When you deposit money to a broker like ETRADE or Robinhood you might need to pay deposit fees. The lower the better. Most preferably of course you would have to pay nothing for this. If this is the case it can be a big problem. Constant deposits will eat into your profit so this will take some considering before you sign up.
Let’s see how ETRADE vs Robinhood compare side by side for commissions and fees.
We live in an accessible world these days. Therefore, your trading platform has to consider this. Having the ability to trade with the click of a button is essential and allows you to make trading decisions on the ETRADE and Robinhood platforms when it is convenient to you. Without this, you will not have the opportunity to take advantage of every situation that may or may not occur in the financial markets.
Some brokers offer there own bespoke trading platforms, so if a particular broker does not offer the trading software you are looking for, their proprietary trading platform may be better. You will need to test this out yourself with an ETRADE or Robinhood demo account.
Being able to trade on your mobile can be very useful. Why is this? Well, the stock market sees market movement every second, if you are not near your desktop computer you will probably be near and have access to your phone. This way you will be able to take advantage of all the opportunities that present themselves. For example, a stock might move to an all-time low when you are out. In this instance you would have missed out on some profit.
If you have an iPhone you will need an IOS Apple mobile trading app. Thankfully these are very common and if a broker has an application, they are almost always available on an iPhone.
Similarly if your phone requires an android app it is good to check if the broker offers an app that supports Android devices.
If you use Microsoft Windows tablets or phones you will also need to check if the ETRADE and Robinhood have trading apps that are compatible.
A demo account is an extremely useful account for people with no trading experience. This way you are risking none of your money and testing out your trading skills in a safe environment. For people who have next to no knowledge of trading, we recommend signing up with an ETRADE and Robinhood demo account fully.
ETRADE Vs Robinhood Micro Account
A micro account allows traders to place money on the Forex market. This is best for people who like to make risk averse trades and focuses mostly on foreign exchange currency. This is usually used by beginners.
ETRADE does not offer clients Micro accounts, while Robinhood does offer clients Micro accounts.
ETRADE Vs Robinhood Standard Account
A standard account is available to more experienced traders. This account allows users to trade on stocks, commodities, crypto etc. To open one of these retail investor accounts, users will have to trade with at least $100. This is the account the majority of people will seek to use.
ETRADE does offer clients Standard accounts, while Robinhood does offer clients Standard accounts.
ETRADE Vs Robinhood MAM Account
What is a MAM account? MAM stands for a Multi-Account Manager Account. This is very useful for serious traders who want to use one account to place all of their trades. It is a sophisticated software tool that allows a single trader to execute block trades on all accounts operating under a master account.
ETRADE and Robinhood do not offer clients MAM accounts.
ETRADE Vs Robinhood ECN Account
An ECN account stands for Electronic Communications Network. This is an account for pure order-matching execution. This is a very sophisticated piece of software and please only try this after much research. The account provider will charge a fee as their commission for executing each trade as an alternative to increasing the raw spread artificially as a revenue method.
ETRADE and Robinhood do not offer clients ECN accounts.
ETRADE Vs Robinhood Islamic Account
An Islamic account is for people who respect the Quran and would like to invest in the Islamic stock market. This might seem very niche, but it is essential for those concerned as it follows certain ethics in relation to the principles of Islam. They are also referred to as swap-free accounts.
ETRADE and Robinhood do not offer clients Islamic accounts.
ETRADE Vs Robinhood STP Account
Straight Through Processing or STP is where a requested client's trade orders are sent directly to the markets. STP brokers aim to reduce all conflicts of interest. STP is a non-dealing desk trading method aimed mainly at Forex traders.
ETRADE and Robinhood do not offer clients STP accounts.
ETRADE Vs Robinhood Managed Account
A managed account is an investment that is owned by a single investor. However, the money-making decisions are in somebody else’s hands. These have become extremely popular in the last decade or so and with good reason. The money needed to invest in such accounts is usually larger as you must consider the fee for the finance professional. However, there are certain brokers that offer variations of managed accounts where you can pay as little as $200.
ETRADE does not offer clients Managed accounts, while Robinhood does offer clients Managed accounts.
ETRADE Vs Robinhood Withdrawal and Funding Methods
ETRADE and Robinhood have multiple deposit and withdrawal options. Funding and withdrawing from your ETRADE and Robinhood account to your chosen payment method should be straightforward. Lets see how ETRADE and Robinhood compare with each other. Be aware that depending on the payment method you decide upon there may be additional processing fees from your payment provider or bank for processing and converting your funds. Not all potential fees will come from ETRADE or Robinhood.
Visa, MasterCard, American Express, Credit cards, payments, PayPal, Bank Wire transfer,
Credit cards, Bank Transfer, PayPal, Debit cards,
Credit cards, Debit Cards, PayPal, Wire Transfer, Neteller, Neteller VIP, Skrill, UnionPay, Bpay, FasaPay, Broker to Broker, POLI, Thai Internet Banking, RapidPay, Klarna, Vietnamese Internet Banking, Online Digital Wallets,
ETRADE Vs Robinhood Customer Support Compared
Customer support is essential when trading. Even professional traders will eventually need the help of ETRADE or Robinhood support. This is especially true of traders who are starting from a position of little knowledge. If you are starting out you will want to make sure the ETRADE and Robinhood support is always available when you need them. ETRADE and Robinhood customer support is not just useful. It is crucial to your trading success!
ETRADE Vs Robinhood Live Chat
Live chat is important for several reasons. This is because when you encounter a problem it is nice to know that the problem has the potential to be sorted out then and there. Also speaking to a person live is much less frustrating than speaking to someone over the course of several emails.
ETRADE do not offer livechat support. On the other hand
Robinhood do offer livechat support.
ETRADE Vs Robinhood Email Support
When trading CFDs, stocks, commodities, currencies, cryptocurrencies or any other financial instruments with either ETRADE or Robinhood you will find Email support is also very useful. Sometimes you might have a more complex question that requires a specific part of the ETRADE or Robinhood support team to give a satisfactory answer to. This is where email support with ETRADE and Robinhood will be needed.
Both ETRADE and Robinhood offer email support.
ETRADE Vs Robinhood Phone Support
Although most queries can be resolved with the need of a phone call, it is nice when we can actually explain ourselves with a live human being at either ETRADE or Robinhood. We can get straight to the point and this can save us from a lot of time and frustration.
Both ETRADE and Robinhood offer phone support.
Lets see how ETRADE and Robinhood customer support compare side by side.
Never trade on a market that is not sufficiently regulated. This should go without saying when submitting your bank card information or investing money on any website. You need to make sure with certainty that your money is in safe hands. Checking to see if ETRADE and Robinhood are highly regulated is not a hard task. The more reputable and mainstream brokers will proudly display their regulation certificates on their site and if you cannot see that ETRADE or Robinhood have these in place please be extremely cautious before you proceed with them.
We compare ETRADE Vs Robinhood financial regulation and licensing side by side below.
When trading with either ETRADE or Robinhood you will want to understand and make full use of all the
risk management features on your ETRADE or Robinhood trading platforms.
We compare side by side the trading risk management features offered by ETRADE and Robinhood below.
ETRADE Vs Robinhood Hedging
What is hedging? Have you ever heard of the expression ‘to hedge one’s bets’? This basically means to not speculate solely on
the outcome of one event as it could be potentially risky holding all your assets in one place.
Hedging in finance means being able to tactically trade in such a way as you are protecting yourself from huge risk.
This can be done for example by betting for a stock to rise and betting against it to rise by using different amount or different amounts of leverage.
ETRADE does not offer clients hedging, while Robinhood does offer clients hedging.
ETRADE Vs Robinhood Stop Loss
Stop loss orders are very useful for more volatile investments. Especially when you are speculating on a stock or Forex currency pair.
In a normal trade you cannot lose more than what you invested but when you are using leverage this is not the case.
Under these terms it is always good to set a stop loss so you can protect yourself from having any vicious results.
Both ETRADE and Robinhood do offer clients stop losses.
ETRADE Vs Robinhood Limit Orders
Every broker should give its users an opportunity to place a limit order.
This is when you have an order in place to buy a financial instrument at a specific price.
When the financial asset hits a set price your trade will be executed. This is extremely useful as it will give you the opportunity to buy a stock at a better price!
It would be very time consuming to wait for a stock to fall to a price you would ultimately be satisfied by. Therefore, you can already imagine what help limit orders can be in your trading career.
Both ETRADE and Robinhood do offer clients limit orders.
ETRADE Vs Robinhood Negative Balance Protection
Negative balance protection is there to protect its customers. Customers do indeed need protecting as trading can be a volatile business and not everybody who invests knows the full consequences of their trade.
The way negative balance protection works is like this: Say you invest $50 but your trade has the potential to lose $125 because you have used leverage. To do this trade you will need $125 available in your account.
This is great as it would be very unfortunate if you recieved an unexpected bill from a broker one day.
Both ETRADE and Robinhood do offer clients negative balance protection.
We hope this ETRADE Vs Robinhood guide has helped you decide who is best to trade without of ETRADE and Robinhood.
Firstly when you are looking to trade it is essential that you can guarantee that your money is in safe hands. Therefore, please bear this in mind when you sign up with ETRADE or Robinhood.
Also, before you sign up with online brokers like ETRADE or Robinhood, make sure you know what you are doing. Simple advice we admit but we know from experience how many people decide to start trading and then ask questions later. To put it in the simplest terms possible before you invest any money into something please take note of exactly what you are doing.
Beware of the risks that come with trading. The financial markets can be volatile and investments can go down as well as up. Educate yourself, make full use of all ETRADE and Robinhood educational resources and financial research tools. If you are new to trading sign up for a demo account with ETRADE and Robinhood to find which suits you and your trading style.
Some of you might be thinking about what we mean when we say ‘trading style’. Here are a few examples. A day trader will look to open positions and close them on the same day. This will require a broker that specialises in this. To do this with some brokers would be a bad idea because of the commission and fees involved. Check if ETRADE and Robinhood fees match your trading requirements.
Alternatively, you could be on the extreme end of this scale and decide to wait years before you close your investments if your investment strategy is more long term.
ETRADE and Robinhood Alternatives
If ETRADE and Robinhood are not what you are not quite what you are looking for we list some of the best ETRADE and Robinhood alternatives below.
Other ETRADE and Robinhood Vs Comparisons
If you are still looking for an alternative to ETRADE and Robinhood and want to see how ETRADE or Robinhood compares Vs other brokers check out the ETRADE Vs and Robinhood Vs list below.
ETRADE Vs Alternatives
Still not happy have a look at some of our alternative ETRADE Vs side by side comparisons below
We answer some of the most frequently asked ETRADE Vs Robinhood questions below.
Is ETRADE any Good?
Knowing that a broker is legit is the first thing you should check before signing up to a broker.
Is ETRADE legit? – ETRADE are regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)
and have been in business since 2012
Is Robinhood any Good?
Robinhood are regulated by Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) and have been in business since 2013.
Which is better ETRADE or Robinhood?
ETRADE and Robinhood do not have a high rating so we recommend trading with a more reputable alternative broker.
Is ETRADE a con?
ETRADE is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) and have been in business since 2012.
We recommend looking at a ETRADE alternative that has more financial regulation.
Is Robinhood a con?
Robinhood is regulated by Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) and have been in business since 2013.
Robinhood is most definitely not a con as they are regulated by major financial regulators.
What happens if ETRADE or Robinhood go bust?
ETRADE and Robinhood are regulated which means that as part of their regulatory obligations ETRADE and Robinhood have to offer a certain level of financial protection to their clients. ETRADE and Robinhood should by law keep client funds separate from ETRADE and Robinhood funds. If either ETRADE or Robinhood goes bankrupt they should not have access to your money. Customers accounts should be segregated. A financial services compensation scheme differs from country to country so check this on the ETRADE and Robinhood websites and regulators.
Are ETRADE or Robinhood good for beginners?
ETRADE and Robinhood offer low deposits and access to a selection of market insights and news resources. Both ETRADE and Robinhood offer demo accounts. This is a big plus for ETRADE and Robinhood as it shows on they have an interest in their customers.