![]() Though SoFi also offers DIY trading, it's a better choice for those in search of IRAs and automated investing. But Robinhood is the cheaper option when it comes to trading fees. Robinhood Investing and SoFi Invest have similar investment offerings. However, Robinhood is the better choice for all-around commission-free trading and crypto trading. The brokerage also has a more extensive account and investment selection. But you'll have a wider range of investment options at Fidelity than you will with Robinhood.īoth companies offer stocks, ETFs, and options, but, unlike Robinhood, Fidelity offers automated investing and advisor-managed portfolios for hands-off investors. Robinhood Investing and Fidelity Investments both offer commission-free trading on multiple investment types. Show Pros, Cons, and More chevron down icon An icon in the shape of an angle pointing down. ![]() Similar to a checking account, the best online brokerage accounts offer secure storage for your investments, as well as access to the investment markets. Robinhood was established in 2013 and is headquartered in Menlo Park, California. The brokerage provides mobile access for both iOS and Android devices. It also offers IRAs with a 1% match, but the overall brokerage isn't a good choice for those who want access to investment options like joint accounts and education savings accounts. So if you're looking for investment platforms similar to Robinhood - but with more options - you can check out Insider's picks for the best cryptocurrency exchanges. Robinhood only offers a range of 18 cryptocurrencies, which is significantly lower than some other top investing platforms. Plus, Robinhood recently launched a cash card that lets you earn up to 8% back at places you shop, with the option to earn bonuses spanning from 10% to 100%. The brokerage also offers cryptocurrencies, so it could be a solid choice for those who want to trade assets like bitcoin and ethereum without commissions. Robinhood is an online investing platform offering commission-free trading on several US-listed investment types, with high-yield cash management offerings, margin trading, and access to initial public offering (IPO) investments. Robinhood Review: Is Robinhood Right for You?
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