Robinhood
td ameritrade
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Overview
Robinhood was founded in 2013 and is headquartered in USA, while td ameritrade was established in 2016 and is based in Malta. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. Robinhood serves 10,000,000+ clients worldwide; td ameritrade has 10,000+. The minimum deposit is $0 at Robinhood and $250 at td ameritrade.
| Feature | Robinhood | td ameritrade |
|---|---|---|
| Min. Deposit | $0 | $250 |
| Regulation | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F319 |
| Founded | 2013 | 2016 |
| Country | USA | Malta |
| Clients | 10,000,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Robinhood and td ameritrade, directly affecting your bottom line as a trader. Robinhood has a lower barrier to entry with a minimum deposit of $0 (vs $250 at td ameritrade). Neither broker charges withdrawal fees. Robinhood charges deposit fees; td ameritrade does not. Overall, Robinhood scores higher on fees in our assessment.
| Feature | Robinhood | td ameritrade |
|---|---|---|
| Min. Deposit | $0 | $250 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
Robinhood offers a proprietary platform, while td ameritrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Robinhood supports social and copy trading features, which td ameritrade does not offer. td ameritrade edges ahead on platform breadth and functionality in our scoring.
| Feature | Robinhood | td ameritrade |
|---|---|---|
| MT4 | No | Yes |
| MT5 | No | Yes |
| cTrader | No | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Robinhood and td ameritrade compare. Robinhood runs regular live webinars; td ameritrade does not. Robinhood has a video library; td ameritrade does not. Robinhood publishes daily market commentary; td ameritrade does not. Robinhood integrates third-party research tools (Trading Central, Autochartist); td ameritrade does not. Robinhood maintains an archive of past webinars for on-demand viewing. Robinhood scores higher overall in education and research.
| Feature | Robinhood | td ameritrade |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Robinhood accepts 1 of the tracked payment methods (bank transfer), while td ameritrade supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). td ameritrade uniquely supports credit/debit card and PayPal and Skrill and Neteller among the two brokers. td ameritrade scores higher on deposit and withdrawal flexibility.
| Feature | Robinhood | td ameritrade |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | No | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Robinhood and td ameritrade offer live chat support. td ameritrade offers phone support; Robinhood does not. Email support is available at both brokers. Robinhood supports 13 languages and td ameritrade supports 8, giving Robinhood broader global reach. td ameritrade scores higher overall on customer support in our assessment.
| Feature | Robinhood | td ameritrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | No | Yes |
| Email Support | Yes | Yes |
| Languages | English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, Romana, Turkce | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |