Ellevest
Robinhood
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Overview
Ellevest was founded in 2008 and is headquartered in USA, while Robinhood was established in 2013 and is based in USA. Ellevest holds licences including Unregulated, while Robinhood is regulated by Financial Conduct Authority (FCA) among others. Ellevest serves 10,000+ clients worldwide; Robinhood has 10,000,000+. The minimum deposit is $1 at Ellevest and $0 at Robinhood.
| Feature | Ellevest | Robinhood |
|---|---|---|
| Min. Deposit | $1 | $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 Ellevest and Robinhood, directly affecting your bottom line as a trader. Robinhood has a lower barrier to entry with a minimum deposit of $0 (vs $1 at Ellevest). Ellevest charges withdrawal fees while Robinhood does not, a notable advantage for frequent withdrawers. Ellevest applies inactivity fees on dormant accounts; Robinhood does not. Ellevest charges deposit fees; Robinhood does not. Overall, Robinhood scores higher on fees in our assessment.
| Feature | Ellevest | Robinhood |
|---|---|---|
| Min. Deposit | $1 | $0 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
Ellevest offers MT4, MT5, cTrader, while Robinhood supports a proprietary platform. Both brokers provide mobile trading apps for iOS and Android. Robinhood supports social and copy trading features, which Ellevest does not offer. Ellevest edges ahead on platform breadth and functionality in our scoring.
| Feature | Ellevest | Robinhood |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | No |
| cTrader | Yes | No |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Windows, Android, Mac OS, iOS | Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Ellevest and Robinhood compare. Robinhood runs regular live webinars; Ellevest does not. Both provide video tutorials. Robinhood publishes daily market commentary; Ellevest does not. Both integrate third-party research tools. Robinhood maintains an archive of past webinars for on-demand viewing. Robinhood scores higher overall in education and research.
| Feature | Ellevest | Robinhood |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Ellevest accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Robinhood supports 1 (bank transfer). Ellevest uniquely supports credit/debit card among the two brokers. Ellevest scores higher on deposit and withdrawal flexibility.
| Feature | Ellevest | 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 Ellevest and Robinhood offer live chat support. Ellevest offers phone support; Robinhood does not. Email support is available at both brokers. Ellevest supports 2 languages and Robinhood supports 13, giving Robinhood broader global reach. Ellevest scores higher overall on customer support in our assessment.
| Feature | Ellevest | 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 |