Robinhood
VTB 24 Bank
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Overview
Robinhood was founded in 2013 and is headquartered in USA, while VTB 24 Bank was established in 2008 and is based in Russia. Robinhood holds licences including Financial Conduct Authority (FCA), while VTB 24 Bank is regulated by Unregulated among others. Robinhood serves 10,000,000+ clients worldwide; VTB 24 Bank has 10,000+. The minimum deposit is $0 at Robinhood and $100 at VTB 24 Bank.
| Feature | Robinhood | VTB 24 Bank |
|---|---|---|
| Min. Deposit | $0 | $100 |
| Regulation | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Unregulated |
| Founded | 2013 | 2008 |
| Country | USA | Russia |
| Clients | 10,000,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Robinhood and VTB 24 Bank, directly affecting your bottom line as a trader. Robinhood has a lower barrier to entry with a minimum deposit of $0 (vs $100 at VTB 24 Bank). Neither broker charges withdrawal fees. Robinhood charges deposit fees; VTB 24 Bank does not. Overall, Robinhood scores higher on fees in our assessment.
| Feature | Robinhood | VTB 24 Bank |
|---|---|---|
| Min. Deposit | $0 | $100 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
Robinhood offers a proprietary platform, while VTB 24 Bank 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. VTB 24 Bank edges ahead on platform breadth and functionality in our scoring.
| Feature | Robinhood | VTB 24 Bank |
|---|---|---|
| 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 | Desktop, Tablet & Mobile apps,Mac |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Robinhood and VTB 24 Bank 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 | VTB 24 Bank |
|---|---|---|
| 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 VTB 24 Bank supports 2 (bank transfer, credit/debit card). VTB 24 Bank uniquely supports credit/debit card among the two brokers. VTB 24 Bank scores higher on deposit and withdrawal flexibility.
| Feature | Robinhood | VTB 24 Bank |
|---|---|---|
| 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 VTB 24 Bank offer live chat support. VTB 24 Bank offers phone support; Robinhood does not. Email support is available at both brokers. Robinhood supports 13 languages and VTB 24 Bank supports 2, giving Robinhood broader global reach. VTB 24 Bank scores higher overall on customer support in our assessment.
| Feature | Robinhood | VTB 24 Bank |
|---|---|---|
| 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 |