Robinhood Review

Robinhood

Founded 2013

Minafi Score

42 /100

Minafi Rating

5 /10

Usability Rating

9 /10

Cost Rating

0 /10

Trust Rating

2 /10

Company Age Score

5 /5

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Robinhood Alternatives

All comparisons:

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Robinhood

42

Minafi's Take

Robinhood is an insanely popular investment platform best for day traders wanting a low-cost platform. Stock purchases, sales, and even options are free to trade. Robinhood has come under fire lately for disabling access to specific stocks.

Minafi does not recommend Robinhood for investing – except as a place to learn the basics with a small portfolio.

Just The Facts

Here’s everything you want to know about Robinhood.

Who Manages Your Money?

Robinhood is categorized as a Self-Guided Account.

What Features Does Betterment Offer?

Robinhood allows you to invest using at least 1 different account type, over at least 3 platforms.

How Much Does Betterment Cost?

Robinhood charges no advisor fee and offers no funds. Fees are based on a 0.10% expense ratio.

Current Promotions

  • 1 random free stock when you sign up and make a deposit valued between $3 and $225.

Fees & Expenses View all fees

  • No fees are charged directly to you.
  • Due to Robinhoods payment flow order, your trades go through an intermediary that allows Robinhood to make money when you trade.

How Do I Sign Up?

Open an Account

Robinhood Alternatives

Here's a look at how Robinhood compares with it's closest competitors.

Robinhood

42

Open An Account
Ratings
Rating Type Rating
Minafi Rating 5 /10
Usability Score 9 /10
Cost Rating 0 /10
Trust Rating 2 /10
Company Age Score 5 /5
JD Power Score -
Overview
Overview Feature Included
Founded 2013
Min Investment $0.00
Classification
Accounts Offered
How to Access
Allows Investors from
Features
Feature Included
Automatic Investing
Automatic Rebalancing
Automatic Tax-Loss Harvesting
Checking Account
Fractional ETF Shares
Free Trades
Good for Beginners
Good for Day Trading
Good for Retirement
Sign Up Bonus
Fees & Expenses
Fee Type Included
Management Fee -
Monthly Fee -
Options Fee -
Trade Fee -

Acorns

74

Open An Account
Ratings
Rating Type Rating
Minafi Rating 6 /10
Usability Score 8 /10
Cost Rating 7 /10
Trust Rating 7 /10
Company Age Score 5 /5
JD Power Score -
Overview
Overview Feature Included
Founded 2012
Min Investment $0.00
Classification
Accounts Offered
How to Access
Allows Investors from
Features
Feature Included
Automatic Investing
Automatic Rebalancing
Automatic Tax-Loss Harvesting
Checking Account
Fractional ETF Shares
Free Trades
Good for Beginners
Good for Day Trading
Good for Retirement
Sign Up Bonus
Fees & Expenses
Fee Type Included
Management Fee -
Monthly Fee
Options Fee -
Trade Fee -

Webull

66

Open An Account
Ratings
Rating Type Rating
Minafi Rating 7 /10
Usability Score 8 /10
Cost Rating 2 /10
Trust Rating 8 /10
Company Age Score 5 /5
JD Power Score -
Overview
Overview Feature Included
Founded 2017
Min Investment $0.00
Classification
Accounts Offered
How to Access
Allows Investors from
Features
Feature Included
Automatic Investing
Automatic Rebalancing
Automatic Tax-Loss Harvesting
Checking Account
Fractional ETF Shares
Free Trades
Good for Beginners
Good for Day Trading
Good for Retirement
Sign Up Bonus
Fees & Expenses
Fee Type Included
Management Fee -
Monthly Fee -
Options Fee -
Trade Fee -

Compare Robinhood with other platforms »

Ready to Sign up?

Open an Account

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