Robinhood's per contract rate of $0 is less than Fidelity which charges $0.65. OC. Robinhood vs Fidelity Investments on Reddit, Robinhood vs Fidelity Investments Comparison Chart. What would be the best way for me to do what I'd like to do? 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. 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). While more Reddit users recommend Fidelity Investments over Robinhood… For stock buying without a huge base, go with Robinhood. Is there a way to invest without having to send $ back to the US? Does Fidelity or Robinhood offer a wider range of investment options? Iirc, vanguards S&P 500 fund be was .03% vs Fidelity's .04, and their REIT fund was slightly cheaper as well. 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. I can't really speak to any difficulties you would have with investing from Japan with these companies. Since most of the investing there is rather passive it's not a huge deal to me. Learn more. I hate vanguards user interface. It's a better platform because it's not nearly as barebones as RH but $150 on Fidelity would be a waste of both time and money unless you're contributing that on a semi-weekly basis and you sell nothing the first three or four months. I did some quick searches and read a few threads on "which broker" type questions. Meanwhile, newcomer Robinhood, whose main selling point is its no-cost trading, has been slowly losing its slice of the market share as more online brokers have rolled out commission-free trading. Robinhood doesn't have a dividend reinvestment program, so far as I know. You can also use like Robinhood for brokerage and V/F for IRA? I have accounts (both taxable and retirement) with both Fidelity and Vanguard. Vanguard has a ton of no-fee ETF's, and I've heard great fees about Fidelity. 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. 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. Commissions with such a small amount of capital would make that a fool's errand. I think Vanguard may waive trading fees with accounts over a certain amount, but I don’t know that figure. 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! On Robinhood, on the other hand, you can trade stocks, options, and ETFs at no cost. Haven’t used fidelity’s platform. If I can do this in one place that would be ideal. 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. I personally have Fidelity, TD, and MassMutual for my Roth, "dumb money", and 401(k) respectively. Robinhood vs Fidelity. If you only have $150, then you'll want to use RH, otherwise commissions will eat away all your money. Here is a summary. But, Vanguard doesn’t charge management fees on individual stocks, right? Robinhood vs Fidelity. Then you only have to learn one interface. Late 20s US expat living in Japan. Read our comparison chart below. Webull vs Robinhood Reddit Reviews (2020): Which Is The Better Investment Platform For You? Press question mark to learn the rest of the keyboard shortcuts. I want to get serious and start steadily investing ($200-300/mo) in MFs, ETFs, and maybe pick some tech stocks & international stocks. How does it compare to Fidelity? Would like to hear any suggestions. October 8, 2020. New comments cannot be posted and votes cannot be cast, Press J to jump to the feed. 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. iPad mini 3 vs 4 (2020): Which Small Tablet Is Better? However, it is worth noting that its options trading has a fee of $0.65 cents for every option contract. Had a couple thousand but never did anything with the few stocks I picked. I have a bit of a unique situation though so I've created a new thread. As mentioned above, Fidelity also offers free stocks and ETFs. I will increase the monthly amounts as I earn/learn more. TDA/SCHWAB: you get a person if you call, RH, cust svc sucks - Do you care about cust svc as it only happens once a while. That alone would be why I'd choose it. 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 Personally I have most of my money in ETFs/Mutual Funds with Vanguard, and then some "fun money" in Robinhood to trade individual stocks. Looking at options, the base fees charged are the same for both brokers, $0. I also use Fidelity. They both have phone apps, too, since that seems important to you. 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. When you buy through our links, we may earn an affiliate commission. Fidelity is cheaper on commission if you want to do be individual stock purchases. Robinhood, once a … Robinhood isn't in Japan but I downloaded the Android API, installed, and made an account- I haven't put money in yet. Archived. Robinhood has no fees at the expense of long transfer times, no interest in the settlement fund, and horrible customer service. Writer and researcher passionate about people, product comparisons, culture, and current events. I have a couple 401Ks from prior US jobs that are still sitting at the jobs. Free stock and ETF trading, $0.65 cents for every options contract, $.03 to .05 Options Regulatory Fee for every contract. I like the (1) free trades and (2) ability to purchase fractional shares. They have a good customer service line. Robinhood does not have any tools for reinvestment while Fidelity charges 7.95 per trade. I like their research info and interface. Unfortunately Robinhood's watch has ended now that the big guys have implemented these excellent trading policies. What about Fidelity vs Robinhood pricing? I would be very concerned keeping too much of my net worth in Robinhood's hands. Managing Editor and Team Leader at Compare Before Buying. Sending money back to the US will cost about 10% due to foreign exchange - this may be unavoidable if I want to participate in US markets. We help you make informed spending decisions with our clear reviews and handy comparison charts. Personally I have most of my money in ETFs/Mutual Funds with Vanguard, and then some "fun money" in Robinhood to trade individual stocks. Unlike Robinhood, Fidelity allows automatic dividend reinvestment, New users who want to dabble in trading will find Robinhood and its no-frills platform sufficient, but more serious traders and long-term investors should go for Fidelity Investments instead. Robinhood vs Fidelity Reddit Reviews (2020): Which Broker Better Meets Your Investing Needs? As an Amazon Associate and affiliate Compare Before Buying earns from qualifying purchases. For a complete commissions summary, see our best discount brokers guide. Would it be better to add money to Robinhood and invest from here on my phone?