Betterment
Robinhood
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Overview
Betterment was founded in 2008 and is headquartered in USA, while Robinhood was established in 2013 and is based in USA. Betterment holds licences including Unregulated, while Robinhood is regulated by Financial Conduct Authority (FCA) among others. Betterment serves 10,000+ clients worldwide; Robinhood has 10,000,000+. Both brokers share the same minimum deposit of $0.
| Feature | Betterment | Robinhood |
|---|---|---|
| Min. Deposit | $0 | $0 |
| Regulation | Unregulated | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) |
| Founded | 2008 | 2013 |
| Country | USA | USA |
| Clients | 10,000+ | 10,000,000+ |
Fees
Fees are a critical factor when choosing between Betterment and Robinhood, directly affecting your bottom line as a trader. Both require a minimum deposit of $0. Betterment charges withdrawal fees while Robinhood does not, a notable advantage for frequent withdrawers. Robinhood charges deposit fees; Betterment does not. The two brokers are broadly comparable on fee structure.
| Feature | Betterment | Robinhood |
|---|---|---|
| Min. Deposit | $0 | $0 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Betterment offers MT5, cTrader, while Robinhood supports a proprietary platform. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. Betterment edges ahead on platform breadth and functionality in our scoring.
| Feature | Betterment | Robinhood |
|---|---|---|
| MT4 | No | No |
| MT5 | Yes | No |
| cTrader | Yes | No |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Mac,iPhone,iPad,WEB,Desktop | Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Betterment and Robinhood compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. Robinhood scores higher overall in education and research.
| Feature | Betterment | Robinhood |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Betterment accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Robinhood supports 1 (bank transfer). Betterment uniquely supports credit/debit card among the two brokers. Betterment scores higher on deposit and withdrawal flexibility.
| Feature | Betterment | Robinhood |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | No |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Betterment and Robinhood offer live chat support. Betterment offers phone support; Robinhood does not. Email support is available at both brokers. Betterment supports 2 languages and Robinhood supports 13, giving Robinhood broader global reach. Betterment scores higher overall on customer support in our assessment.
| Feature | Betterment | Robinhood |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | No |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, Romana, Turkce |