Learn more. Robinhood (RH) vs TDA/Schwab/Fidelity - what do you care what you get traditional brokerage. For a complete commissions summary, see our best discount brokers guide. I personally use both and I have the fidelity active trader pro tool and it's absolutely wonderful, but you're not getting that with $150. Closed the account in late 2017 to use money elsewhere. Haven’t used fidelity’s platform. They're one of the better trading platforms and offer a lot of benefits for the more established trader or retirement rollover account. up to $10,000 and .25% fee on everything over $10,000. They have a number of no commission options, and some zero fee index funds they’ve just opened last quarter. I hate vanguards user interface. But, Vanguard doesn’t charge management fees on individual stocks, right? 0. What would be the best way for me to do what I'd like to do? Robinhood gives you free trades but I wouldn’t use it to roll over your 401ks because it’s done some sketchy things and it’s not a full service platform. Unfortunately Robinhood's watch has ended now that the big guys have implemented these excellent trading policies. I like the (1) free trades and (2) ability to purchase fractional shares. TL;DR: Robinhood is extremely effective at just limit and market orders (because Robinhood secretly turns market orders into limit orders anyway).Its stock statistics are (still) inaccurate, its stops don't work (at least sometimes as reported by multiple redditors, including me), and it provides no chart indicators at all.It is most effective when used with Yahoo! Robinhood vs Fidelity. Late 20s US expat living in Japan. They both have phone apps, too, since that seems important to you. I believe you should be able to wire money to fund a Fidelity account, but should definitely call them. For my long-term investments I just buy Schwab's broad market ETF under the ticker SCHB (fees are very low to buy that if you have a Schwab account; but if you're on Fidelity, you can buy SCHB or Vanguard's ETF, pretty much the same). Robinhood vs Fidelity. Is there a way to invest without having to send $ back to the US? If that's something you're fine with, you can't beat free. I personally have Fidelity, TD, and MassMutual for my Roth, "dumb money", and 401(k) respectively. While more Reddit users recommend Fidelity Investments over Robinhood… Since most of the investing there is rather passive it's not a huge deal to me. Robinhood has no fees at the expense of long transfer times, no interest in the settlement fund, and horrible customer service. I also use Fidelity. I can't really speak to any difficulties you would have with investing from Japan with these companies. When you buy through our links, we may earn an affiliate commission. Close. Fidelity's brokerage service took our top spot overall in both our 2019 and 2020 Best Online Brokers Awards and also ranked in best for advanced traders. On Robinhood, on the other hand, you can trade stocks, options, and ETFs at no cost. Robinhood doesn't have a dividend reinvestment program, so far as I know. That alone would be why I'd choose it. New comments cannot be posted and votes cannot be cast, Press J to jump to the feed. Love RH for the aggressive weekly trading aspect and fidelity for long term stuff. iPad Mini 4 vs iPad 2017: Which Budget iPad Offers More Value? Posted by 3 years ago. I like their research info and interface. Fidelity does have a good grouping of fee free Low fee ETFs that would be more of a set it and forget it type investment whereas with RH you could trade that 150 as much as you'd like without worrying about fees or long term investing at all if you didn't feel like it. Writer and researcher passionate about people, product comparisons, culture, and current events. iPad mini 3 vs 4 (2020): Which Small Tablet Is Better? Robinhood does not have any tools for reinvestment while Fidelity charges 7.95 per trade. Vanguard has a ton of no-fee ETF's, and I've heard great fees about Fidelity. Would it be better to add money to Robinhood and invest from here on my phone? Personally I have most of my money in ETFs/Mutual Funds with Vanguard, and then some "fun money" in Robinhood to trade individual stocks. If you only have $150, then you'll want to use RH, otherwise commissions will eat away all your money. Personally I have most of my money in ETFs/Mutual Funds with Vanguard, and then some "fun money" in Robinhood to trade individual stocks. Does Fidelity or Robinhood offer a wider range of investment options? I will increase the monthly amounts as I earn/learn more. Free stock and ETF trading, $0.65 cents for every options contract, $.03 to .05 Options Regulatory Fee for every contract. Used to have a Scottrade account. Archived. If you want to invest chiefly in mutual funds and ETFs skip Robinhood and just open your account directly with Vanguard or Fidelity - you won't pay any commissions on their products anyway and both will allow you to roll your 401ks into an IRA which is one of your main concerns. Here is a summary. I'd like to roll them into one place so I can view & manage them. How would I go about making the most of extra money that I run into (birthday money, bonus, ect....). Fidelity lets users trade stocks, ETFs, options, bonds, mutual funds, and fixed income commission-free; Robinhood and Fidelity both have $0 minimum account balances to start investing; Fidelity allows users to use tax-advantaged retirement accounts while Robinhood does not offer these; Robinhood and Fidelity both offer fractional shares on their platforms Its a live feed of the most popular tickers, ranked and links to the comments. While more Reddit users recommend Fidelity Investments over Robinhood, some use these brokers alongside each other, as keeping an account on Robinhood still has its advantages. They have a good customer service line. Robinhood's per contract rate of $0 is less than Fidelity which charges $0.65. Iirc, vanguards S&P 500 fund be was .03% vs Fidelity's .04, and their REIT fund was slightly cheaper as well. Read more about us here. Ran into $150 bucks. Help. I have accounts (both taxable and retirement) with both Fidelity and Vanguard. Robinhood vs Fidelity Investments on Reddit, Robinhood vs Fidelity Investments Comparison Chart. Fidelity and Robinhood both cost $0 per trade. I have a bit of a unique situation though so I've created a new thread. Looking at options, the base fees charged are the same for both brokers, $0. It’s not very user friendly. I know Merrill Lynch gives you free trades if you’re over 100k and I like their platform. October 8, 2020. As an affiliate we may earn from qualifying purchases. However, it is worth noting that its options trading has a fee of $0.65 cents for every option contract. iPad 6th vs 7th Generation (2020): Comparing Entry-Level Tablets, iPad Pro vs Cintiq (2020): How The Cheaper Cintiq 16 Beat Out The iPad Pro. New comments cannot be posted and votes cannot be cast, Press J to jump to the feed. Vanguard isn't bad at all and would have own me over with good fund choices, but Fidelity did well on their interface and all, including good research.

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