Robinhood vs Etrade - What You Need to Know!
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Robinhood vs Etrade - What You Need to Know! |
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Video From Joey Wakeman |
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This Video Uploaded At 26-10-2020 19:00:08 |
Video Discription |
This video is about Robinhood vs Etrade and I talk about which $0 commission brokerage is better for you.
Robinhood vs Etrade is a major battle of the beasts because they are both very good and very popular. Robinhood has completely taken the world by storm over the last few years since it declared free stock trading (that's right, $0 commissions). On the other hand, Etrade was one of the first internet-based brokerages and gained its footing during the 90s.
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First, I talk about the fees of Robinhood vs Etrade. Both of these companies offer free stock, ETF, and options trading, but Etrade demands a 65 cent options contract fee while Robinhood does not.
Overall, Robinhood has a slightly better fee structure than Etrade. Robinhood is definitely more innovative in its fee structure than Etrade, which is more like the other $0 commission brokerages TD Ameritrade, Fidelity, and Charles Schwab.
Next, I compare the features of Robinhood vs Etrade. This is where things get interesting. First of all, Robinhood offers cryptocurrency while Etrade does not, but Etrade offers futures, bonds, and OTC stocks while Robinhood does not.
Etrade is more for diverse investors who like trading a lot of different kinds of assets, while Robinhood is geared toward the younger, more simple investor. Comparing Etrade vs Robinhood gets even more interesting when you bring up fractional shares.
Robinhood offers fractional shares while Etrade does not. This makes Robinhood great for investing beginners while Etrade is more for accredited investors or people with large sums of money.
Then, I compare the customer service of Robinhood vs Etrade. Etrade has relatively high-quality customer support, while Robinhood's is awful. Robinhood limits customer support to email so if you value good customer service, then I'd steer clear of Robinhood.
Lastly, I compare the investing mobile apps of Robinhood vs Etrade, and this where Robinhood gains some ground back against Etrade. Robinhood has a fantastic, simple, and aesthetically-pleasing mobile app geared toward younger people.
On the other hand, Etrade has a more traditional app interface and does not stand out as Robinhood does. In this sense, Etrade is similar to other commission-free brokerages like TD Ameritrade, Fidelity, and Charles Schwab.
Nothing in this video should be taken as financial advice or any kind of advice. This video and everything I say in it is meant for informational and entertainment purposes only. Facts may or may not be true and could change after posting the video.
I hope this video helped you to understand Robinhood vs Etrade. Etrade vs Robinhood is a great matchup so I enjoyed making this video. This video was made to explain investing for beginners by comparing two $0 commission brokerages and doing a Robinhood review and an Etrade review at the same time.
If this video helped you out in any way, then, please...
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