Robinhood prefers to keep most of its customer service within its beautifully designed site and Help section. TD Ameritrade clients can purchase American depositary receipts (ADRs), which trade on U.S. stock exchanges. Benzinga breaks down how to sell stock, including factors to consider before you sell your shares. They’re not for everyone, but for what they’re going for, we would say it’s mission accomplished. Ultimately, with different audiences, we view them both as winners, so whether you prefer TD Ameritrade or Robinhood is down to your individual needs. With Robinhood vs TD Ameritrade, we have two options that can legitimately lay claim to providing the best trading app out there. Robinhood as a concept is expertly crafted, and the beauty of what they do is that they’re so easy to understand. This is where comes the power of Robinhood vs. TD Ameritrade. TD Ameritrade is a trading solution for all types of security traders. Robinhood's clutter-free design makes it really easy to navigate and use, but its simplicity is also a byproduct of the fact it doesn't offer that many features. By submitting your email address, you consent to us sending you money tips along with products and services that we think might interest you. Robinhood is the broker for traders who want a simple, easy-to-understand layout without all the bells and whistles other brokers offer. Whether you're looking for a special sign-up offer, outstanding customer support, $0 commissions, intuitive mobile apps, or more, you'll find a stock broker to fit your trading needs. Explore the best credit cards in every category as of November 2020. It’s immediately apparent they offer very different services. Lower investment minimums are among the biggest advantages to online brokers. One cash account and one margin account. TD Ameritrade and Robinhood are similar, yet vastly different, so stick with us so we can help you make an informed choice. If being able to trade ADRs is important to you, TD Ameritrade is likely the better pick, since not every ADR is available on Robinhood. Rather, these ideas should be viewed as potential opportunities for elevated levels of volatility and trader interest and thus increased liquidity. You won't find full analyst reports or any financial data that goes beyond a stock's earnings per share in recent accounting periods. That is to say that you can open an account and deposit just $1 if you want to. TD Ameritrade offers the most options for mutual funds and retirement accounts. It includes high-level analysis tools and strategy testers. Robinhood offers only select ADRs and doesn't offer any mutual funds. The reason we’ve used design as our example here is because that has been the story every step of the way in his review. Thinkorswim/TD Ameritrade: $0 commissions + transfer fee reimbursement. While not as big as TD Ameritrade, it conforms to the same financial rules. In terms of which is best, it really comes down to how you prefer to bank. But they have very different target audiences, with one much more focused on beginners. The latter is aimed at more advanced users. TD Ameritrade also allows you to transfer from your bank account, and you can utilise a wire transfer, check, transfer an account or deposit stock certificates. Few of them are: This is part of Robinhood’s plan to keep the app basic and simple. From complex charting tools to live video feeds, Level II quotes, and economic data from the Federal Reserve, you can find just about anything you'd need from within the thinkorswim platform. Its website contains special sections on: Its platforms also have a rich set of market research tools. Use the services of a suitable broker, and you’ll build success as an investor. One recent addition to Robinhood is its "Robinhood Gold" account, which offers investors access to Morningstar research reports, the ability to trade with margin (including up to $1,000 in margin interest free, an industry rarity), and a few other features. Interested in buying and selling stock? If you want to find out if you can use both of these options, and what benefits each offers, then be sure to check out our comparison and analysis of both to see which is crowned the best online brokers. Although the two companies operate in the same field, they aren’t true competitors.TD Ameritrade is a cutting edge trading solution with a rich set of trading resources. Completion times are between five minutes for ACH transfers and a week for account transfers. They help people who might not have experience in investing or not at a point where they can approach markets with confidence by stripping away all of the complexities. Thinkorswim can, The mobile solution, which works for smartphones and tablets, is basic, as its idea is to, 400,000+ economic indicators from the FED, Visual heat maps showing the hottest assets, Live streams with breaking news from sources like CNBC. The web platform is suitable for traders of, Thinkorswim is the professional way to trade. Before we get into our Robinhood vs TD Ameritrade comparison, let’s look at who’s taking on who. Secondly, TD Ameritrade is the only broker to offer a full list of American depositary receipts and mutual funds. TD Ameritrade and Robinhood are on two different planets in terms of trading solutions. If you need more than this, you’ll need to find external sources for your research. Although Robinhood offers trades for free, TD Ameritrade also offers thousands of funds and ETFs you can trade without paying a transaction fee or commission. Investors who are on the fence about opening an account at TD Ameritrade or Robinhood may find that the types of accounts that each broker offers is reason enough to pick TD Ameritrade over Robinhood. We can say that in this Robinhood vs Ameritrade comparison, both are so evenly matched. First, if you want to open any account other than a taxable account (IRAs, health savings accounts, college savings plans, etc.) Said simply, if there is one thing that separates TD Ameritrade from the pack, it's that it offers one of the most powerful trading platforms out there and doesn't charge you anything to use it. This information is hard to assimilate at first, especially for beginners. In addition, it offers its clients access to proprietary research and tools to screen stocks and funds by fundamental performance, and it even tracks social-media sites like Twitter for investor sentiment. TD Ameritrade offers thousands of mutual funds, most of which are no-transaction-fees. There are some small flaws of each, but they’re completely dwarfed by all the positives. Other useful features include alerts, screeners and a fully customizable platform. This is where comes the power of Robinhood vs. TD Ameritrade. TD Ameritrade offers investors access to third-party and proprietary research tools. ❓What’s the difference between TD Ameritrade and Robinhood? Although Robinhood offers market research it is very basic and limited compared to TD. TD Ameritrade offers a rich database of research tools. This publicly listed discount broker, which is in existence for over four decades, is service-intensive, offering intuitive and powerful investment tools. SmartAsset's free tool matches you with fiduciary financial advisors in your area in 5 minutes. The max leverage of 1:50 shows that TD Ameritrade takes its client’s money seriously. TD Ameritrade is much more suitable for experienced traders, although try and be versatile to an extent with their dual platforms, just like Robinhood does in the other direction with Gold. Everything You Need to Know About Savings, Copyright, Trademark and Patent Information. We may earn a commission when you click on links in this article. TD Ameritrade and Robinhood offer a very different user experience, which is the result of the fact they have two very different business models. It supports only the basic market orders, which is good since Robinhood’s goal is to provide a simple beginner platform. There can be no doubt though that Robinhood is more focused on newcomers, just as TD Ameritrade is more suitable for experienced traders. Robinhood supports web-based, desktop, and mobile platforms. Best of all, it's completely customizable, so you can move windows around as you see fit to ensure that what's most important to you is always front and center. Unlike Robinhood, TD Ameritrade offers a much more extensive data and analysis platform for you to do some more heavy-duty predictions and research. Please read our Privacy Statement and Terms & Conditions. | Dec. 4, 2018. TD Ameritrade offers a wide range of products and services in exchange for your charges. When it comes to Robinhood vs TD Ameritrade, it’s immediately clear that neither can be considered bad. Advertiser Disclosure: These days it seems there are as many brokers as there are investments to buy with them, which can result in "paralysis by analysis," as the differences in brokers are numerous. This is another field where the two platforms differ. You can also reach TD by live chat and fax.TD is a big company with nearly 500 physical offices around the U.S. Their branches are all over the U.S. and can take all your inquiries. For that reason, the selection here is much slimmer. Each advisor has been vetted by SmartAsset and is legally bound to act in your best interests. Investors who want to start small and place trades for a handful of shares (or even a fraction of a share) at a time might be better off with Robinhood, while more experienced investors should take a closer look at TD Ameritrade. The mobile solution, which works for smartphones and tablets, is basic, as its idea is to monitor trades and to look for opportunities. Depending on what you’re looking for, it’s easy to choose one over the other. Robinhood’s apps are about as perfectly executed as we can imagine in terms of providing a way for newcomers to get into the world of investment. The only change we’d make is an availability in multiple languages, an option we couldn’t find. money - and we have not reviewed all available products and offers. In other words, they clearly hope they can provide all the answers to your questions here, and, to be fair, they do an excellent job. Well, if you do, there’s few better places than the staggeringly good TD Ameritrade. If you're ready to be matched with local advisors that will help you achieve your financial goals, get started now. It simply buys and sells assets for free and is a rockstar in its own special category. Robinhood or TD Ameritrade? TD Ameritrade is the only one of the two to offer a fully-featured desktop trading platform, too. The email and social media contact options are, therefore, more of a backup, but it’s good to have them there. It gives you access to a variety of informative and educational resources. The Thinkorswim platform is a professional solution, designed for experienced traders. Thinkorswim is the professional way to trade. Robinhood wants to break down barriers and make the world of trading accessible to people who would normally find it too intimidating.