Robinhood
USAA
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Overview
Robinhood was founded in 2013 and is headquartered in USA, while USAA was established in 2008 and is based in United States. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. Robinhood serves 10,000,000+ clients worldwide; USAA has 10,000+. The minimum deposit is $0 at Robinhood and $25 at USAA.
| Feature | Robinhood | USAA |
|---|---|---|
| Min. Deposit | $0 | $25 |
| Regulation | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Financial Conduct Authority (FCA), The Prudential Regulation Authority (PRA) |
| Founded | 2013 | 2008 |
| Country | USA | United States |
| Clients | 10,000,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Robinhood and USAA, directly affecting your bottom line as a trader. Robinhood has a lower barrier to entry with a minimum deposit of $0 (vs $25 at USAA). USAA charges withdrawal fees while Robinhood does not, giving Robinhood an edge for frequent withdrawers. Robinhood charges deposit fees; USAA does not. The two brokers are broadly comparable on fee structure.
| Feature | Robinhood | USAA |
|---|---|---|
| Min. Deposit | $0 | $25 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | No |
Platforms
Robinhood offers a proprietary platform, while USAA supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. USAA edges ahead on platform breadth and functionality in our scoring.
| Feature | Robinhood | USAA |
|---|---|---|
| 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 ,Android,iPhone,Mac |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Robinhood and USAA 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 | Robinhood | USAA |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| 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 USAA supports 2 (bank transfer, credit/debit card). USAA uniquely supports credit/debit card among the two brokers. USAA scores higher on deposit and withdrawal flexibility.
| Feature | Robinhood | USAA |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | No | Yes |
| 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 Robinhood and USAA offer live chat support. USAA offers phone support; Robinhood does not. Email support is available at both brokers. Robinhood supports 13 languages and USAA supports 2, giving Robinhood broader global reach. USAA scores higher overall on customer support in our assessment.
| Feature | Robinhood | USAA |
|---|---|---|
| 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, and Chinese |