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Robinhood vs TD Ameritrade - What You Need to Know!
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- เผยแพร่เมื่อ 17 ส.ค. 2024
- In this video, I break down Robinhood vs TD Ameritrade and explain which $0 commission brokerage is best for you. Robinhood and TD Ameritrade are both fantastic for investing in stocks.
To compare TD Ameritrade vs Robinhood, I compare their fees, features, customer service, and their mobile apps. By understanding these, you should be able to pick the best brokerage for you.
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First, I talk about the fee structures of Robinhood vs TD Ameritrade. Robinhood took the stock market by storm when it announced $0 commission trading. Because of this, the Robinhood app gained immediate popularity among young people.
On the other hand, TD Ameritrade offers free trading with a few catches. For options and futures contracts, as well as OTC investing, you have to pay a fee. So if you trade options, then you might want to go with Robinhood.
Next, I explain the features of Robinhood vs TD Ameritrade. Just like Fidelity and Etrade, TD Ameritrade offers more trading options than Robinhood does. With TD Ameritrade, you can trade stocks, bonds, funds, options, futures, OTC, and forex. However, with Robinhood, you're limited to stocks, ETFs, and options.
Also, Robinhood allows you to trade cryptocurrency while TD Ameritrade does not. So, if you like to trade Bitcoin, then Robinhood might be the best brokerage for you.
The next way to compare TD Ameritrade vs Robinhood is by analyzing their customer service. TD Ameritrade has significantly better customer service than Robinhood. You can get in contact with a real person 24/7. However, the only option with Robinhood is to email customer support.
TD Ameritrade is the better brokerage customer service-wise. Lastly, I break down the mobile apps of Robinhood vs TD Ameritrade. The TD Ameritrade app is a little bit subpar, while the Robinhood app is amazing.
So, the best brokerage for you depends on your investing goals and priorities. Some people might like Robinhood and some people might like TD Ameritrade. Others might even choose Etrade or Fidelity. To learn about Etrade and Fidelity, check out my other videos.
Nothing in this video should be taken as financial advice or any kind of advice. This video and everything I say in it is meant for informational and entertainment purposes only. Facts may or may not be true and could change after posting the video.
Again, this video is about Robinhood vs TD Ameritrade and is meant to explain investing for beginners. Hopefully, now you can pick the best $0 commission brokerage for you.
If you enjoyed this video, then, please...
LIKE AND SUBSCRIBE! :)
Thanks for watching!
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You all know exactly why I'm here right now with what Robinhood has been up to.
Fr
Exactly... 🤦🏾♂️
It’s dumb as shit to that the charge u to leave foh
Nah what u talking about brudda
Trading can be the most financial rewarding business in the 21st century, with the importance of the commodity and the strategy you use aside, the platform you choose is also a major factor.
Trading has always been a reliable source of income since day one
I have also tried trading independently with different platforms, I even used bots and it hasn't worked out for me can you assist me in anyway possible?
to gain consistent profit independently, you have to try new strategies and sometimes the platform doesn't matter.
Matt Robinson I am supervised by the experienced CONS. Edwin Earl and I depend on his trading pattern to make me profits weekly
It is high time people stop seeing trading and other investments as a side job, it pays more than most jobs.
My dad made a million bucks investing in the stock market, he always told me, "you'll never get rich working", and what he meant was that, as long as you work and depend on that paycheck, you'll spend it. Investing is the only way to get rich.
So true no one gets wealthy from their job even if you get luck and make a few million at your job if you don't invest that cash you will go broke one day.
Investing is the way to freedom 🙌
I left Robinhood for TD Ameritrade because Robinhood has no beneficiary option.
If something happens to you Robinhood forces your family to get a lawyer to get control of your funds. Maybe you can address that in a video. I think it is very important and I’m sure a lot of traders haven’t realized that is the case.
Great point! Thanks for watching!
Damn! That's very important to know. Thanks for making it easy for me to choose.
Wow!
This alone would make me want to go with ameri trade.
I got kids and don’t want them to have to fight to get their inheritance
They have it now
Robinhood now offers beneficiary
Robinhood will NOT let you open a joint account or add a beneficiary. TD Ameritrade will. This is HUGE if you are an older investor...or even a younger one. Here is Robinhood's statement: "We don't currently allow users to name a beneficiary, and we don't offer automatic transfer on death registration. In the event of a death, we'll work with the executor of the estate to collect proper documentation and dissolve the account appropriately." That, folks, is a major headache.
Great point! Thanks for adding
You mean to tell me you only have 1k subs? I swear the best youtubers are the smaller accounts. Keep going man appreciate the info
Haha appreciate it, thanks for watching
I agree, this was a very clean, and clear YT presentation. Much appreciated.
I love level-headed, sound-minded peeps.
This biggest difference I find is that Robinhood does not have nearly the amount of stocks available on their platform. TD Ameritrade has every stock available including the smaller up coming companies and penny stocks. With TD Ameritrade you can get in on ground level and see where it takes you.
Yup, thanks for watching!
I hate how Ameritrade looks, they need to make it more cleaner. RH is way cleaner
Totally agree
RH is marketed towards the younger crowd
Lol that tie the mail to a snail part was funny it’s soo true haha
yea if td Ameritrade would update the aesthetic of their apps there would basically be no reason to use robin hood
Completely agree. I really wish the old brokerages would catch up aesthetically
Literally the only reason I don’t want to use Fidelity. The app looks like garbage and RH has instant deposits. I wish RH would clean up its act.
@@eligreg99 Fr
I could only do fractional shares unfortunately
@@powerfuljoez9756 It’s a good call
This is brilliant and quite captivating as well! I Invest my money in forex and it has really been favorable to me this season ever since I was recommended, I make good rewards from my investment on a weekly basis best regards to Mr. Ray Perkins mentorship/guidance 🇺🇸
TD Ameritrade! TD is better in everyway minus fractional share purchasing. More secure, far better charts, IRA accounts, and better customer service.
TD has a ton of nitty gritty benefits but those fractional shares would be nice
No commissions trading has definitely changed the game. Robinhood has had some issues in the past but they really have been a great way for people to get started investing.
Absolutely, thanks for watching Jose
Does td ameritrade have spread?
Robinhood isn't free of fees. They are just including money for each transaction already tacked into the price of the stock. Hidden fee really. They make money on every transaction made, which is why they encourage gamification and constant in/out trading on their platform.
Remember young people...he's talking about trading stocks...NOT INVESTING FOR LONG TERM. Most young people who trade constantly lose out especially with forex.
TD Ameritrade all the way!!
TD is great, thanks for watching!
insane editing and quality! Hope your video goes big
Thanks Samarth!
Customer service thing is big for me. I don't want to have to send an email and wait two+ weeks for someone to get back to me. And if it has to be like that then the same hour I send you a email should be the same hour I get a response Shouldn't have to wait.
Totally agree
I like Etrade. The power of the data base is amazing.
Great point
TD ameritrade bonds futures forex
Robinhood. Stocks, ETF, options...crypto currency ...fractional shares
Yup
This video is so well edited man awesome job. Absolutely love it. What kind of mic do you use??
Thanks Pierce! I use the Rode video micro. Only costs about 45. But I use Adobe Audition to make the audio quality sound better. Aidin Robbins has a great video showing how to edit with Adobe Audition and he uses the same mic
@@joeywakeman3098 Oh interesting I'll have to check out that video. Is Adobe Audition free?
@@PierceJPeterson Sadly, no. I have the Adobe Suite
@@joeywakeman3098 Got it. Well thanks man I appreciate the tip!
@@PierceJPeterson No problem!
Why is your voice so fantastic sir?
Haha I’ve got to thank Adobe for that quality
you really deserve a sub... where have you been man?!!
Haha thanks!
It's a great information. One more thing, your voice is suitable for Anchorman. Your voice is so strong !
Thanks!
how do you only have 900 subs. i’m switching from webull to either fidelity or. TD ameritrade and you’re channel has popped up everytime i search videos to compare the 2.
Haha happy to hear that
amazing video! thank you. an interface comparison video would be helpful as well :), both desktop and mobille!
Great idea, thanks!
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New subscriber! Had to subscribe after this detailed review. Thanks!
Happy it helped!
Unrelated question, but why does Finance seem like one of the few niches on youtube where people with excellent quality content like yours, get so few views and subscribers? The CPM makes up for this, but still, the production quality vs the views seems odd.
That’s a good question. I think there are a lot of newer accounts growing in the finance space, like I’ve only been making decent videos for about two months and it takes time for the algorithm to pick you up. And with the high CPMs in Finance there are inevitably more new accounts trying to grow
WHICH ONE YOU USE? and which one is better for people outside of us? thanks!
This explanation is amazing. Thank you, bro.
Happy it helped
Anyone else noticed when you buy a stock on TD Ameritrade you get in at a higher price, but not only that. Say I buy Amazon at 2,000 on Thursday. I will look on Friday and it will have my average cost in at like 2250, or something crazy!
Hey, can you make a video on Robin Hood. Like how to read the graph, and when and when not to buy or sell trade. all that little detail would be really helpful.
Sorry for writing you, just out of curiosity your page come up on my suggested friend lists so I was just wondering if I knew you from somewhere?
When you combine TD think or swim with robinhood its fire 🔥 I use the TD app on the go great charts on the app for being on the go and then buy and sell on robinhood app 🙌
thanks for this video I'm more then happy with TD Ameritrade, and I know we are in USA, but also have Spanish costumer service "excellent" if Robinhood get 1.5 stars maybe FIDELITY get
-3 or 4 stars, is the worse very bad experience, don't recommend for not body.
Does td ameritrade have spread like forex?
No comparison. Robinhood has issues... hacking, missing funds... secret charges, site lockups and mini crashes.
Totally, I recently emigrated from Robinhood for that reason. And no customer service. BUT you can’t deny it’s got a beautiful interface. Thanks for watching James!
@@joeywakeman3098 I wish td had a good interface
@@sweetenings5429 Same
@@joeywakeman3098 from Robinhood to where? TD?
Robinhood fan all the way. It's just that much more visually appealing. I just want to use it! Great video. Thank you!
Robinhood’s interface is addicting for sure, thanks for watching Ella!
I prefer TD I could buy OTC stocks and stack up 😂 and hold long term Robinhood don’t have OTC stocks and is the worst for cripto you would never owned them
Great move
Joey nice video 👍 I was just going through some stock trading videos and this popped up. Nice content buddy.
Sorry for writing you, just out of curiosity your page come up on my suggested friend lists so I was just wondering if I knew you from somewhere?
Why people still use robinhood after GameStop is shocking.
Do you think this apps are secure for long term investments? like in 20 years retire 500.000 usd
Hey, personally, I don't keep a lot of money in Robinhood because they are infamous for security problems
I can care less about better customer service or fancy analytics. For a starter, being able to buy fractional shares and understand the fluctuations visually at only 5 dollars a month is a much better option.
Very well done. You have gained a sub.
Thanks for watching!
Good video man. Thanks
Td you actually can get a call from a rep, while Robin hood good luck getting hold of anyone.
Fr
Wonderful video with clear information, I was wondering if both platforms use real time or with a delay like many other apps... ?
I believe they are both real time. Except with ToS you might need to request real time quotes. Thanks for watching!
Ameritrade FTW!
Sorry for writing you, just out of curiosity your page come up on my suggested friend lists so I was just wondering if I knew you from somewhere?
The no fraction shares totally kills ameritrade.. cant play with the huge stocks
Absolutely
Thank you! Very helpful information
Happy to help!
I like the points you made on Robinhood fractional shares cryptocurrency is a plus for me but they have had some bad press lately.. current I've purchased my crypto on Gemini...but I'm looking at TD because of the tools to practice trades.
Does it make sense to have two accounts or is that foolish?
Appreciate the video. Nice to get an honest opinion
Thanks for watching!
Also mention that robinhood was caught recently charging behind the scened fees.
Great point!
And if I can add, the problem wasn't that they charged the fees. All brokerages do it, but Robinhood is in trouble for the % amount that they took.
really wanting fractional shares with td :( would make it 100x better.
Absolutely, it's a huge downside
robin hood doesnt have a custodial account option
Great point!
Would you recommend putting 20-20k Investment into robin hood
I can't give any financial advice, but I personally don't keep a large amount of money in Robinhood because I worry about their security. However, I know a lot of people who do. Thanks for watching!
Nah, youll see the CEO in jail probably
Robinhood made a lot of TH-camrs what they are today.
Free trading made everything possible 💰💰
100%, those fees back in the day were a major drag. Thanks for watching Benny
Missed a great opportunity to explain what an over-the-counter trade is as well as a futures contract otherwise thank you so much for the video
Thanks for watching!
Well forget one big thing. Most IPOs and Penny Stocks are not even traded on RH.
True, good point!
In y'alls opinions, from robinhoods recent events, is TD, Public or WealthSimple better
Sorry for writing you, just out of curiosity your page come up on my suggested friend lists so I was just wondering if I knew you from somewhere?
Do they charge when withdrawing funds ? If yes , how much? Is robinhood for Americans only?
How safe is Robin Hood? If you can’t cash out and there is no one to talk to is desperation.🤔 like you say you get what you pay for? Also if Robin Hood is free so how do they make money for the services?
You missed the BIGGEST ONE of them all.
You can't Short Stocks on Robinhood.
Td Ameritrade placed Restrictions on GME
So did robinhood and also I couldn't even search anything
Only options and margin, they didn’t limit buying actual shares.
What are Ameritrade's day trading rule
I'm not exactly sure, but I believe the Pattern Day Trader rule is a thing with all US-based brokerages
Thanks for the video
Thanks for watching!
Does TD Ameritrade offer fractional shares now???
Nope I don’t believe so
@@joeywakeman3098 Thank you
I have both and Robinhood is far easier to navigate, buy, sell and place orders. TD has more research information. I mainly got Robin to trade crypto because TD doesnt deal in crypto. TD not having crypto is a big negative in 2022. Also, TD is a little sneaky with their fees. Their are mutual funds they'll charge you $50 to buy and turn around and charge you $50 to sell as well. That's a huge cut into profits. There was talk of them eliminating the sell fee but not sure if that's been implemented yet.
Great comment, thanks for watching!
I haven’t read all the messages here but could you cover, what happens to your investment if you die?
Will your family get this money?
Everyone is excitingly investing yet I ask many if their platform has their beneficiary on file?
Their response is 🤔 hmmm had not thought of that…
I believe that's 4.5 stars.
thank you.
Thanks for watching!
Thank You
Thanks for watching!
So is it more optimal to buy stocks on TD Ameritrade if you are a regular person who just wants to throw a certain amount of money from their check?
Sorry for writing you, just out of curiosity your page come up on my suggested friend lists so I was just wondering if I knew you from somewhere?
why didn’t you bring up that TD offers cash account
Good point, thanks for watching!
What u mean they offer a cash account??
Robinhood picked Ameritrade
Fr
Good stuff, thank you.
Thanks for watching!
Why not do both??
Very true
May I recommend avoiding crypto, because if ever there was a bubble about to burst that is the one.
Great vid man
ty good sir
@@joeywakeman3098 yo thx for replying back that’s really cool that u still like to comment back to your fans also any advice on Investing
Thanks..
Is it bad if you have TD account don’t use it but using Robinhood instead ?
I'm not sure but I don't think so, thanks for watching!
Does TD have fractional shares??
Nope
great video!
Thanks!
Thanks Joey, very insightful :)
For sure, thanks for watching!
Good Video !!
Thanks for watching!
Robinhood application runs very slow
Great video
Thanks for watching!
does TD loan shares ?
Sorry for writing you, just out of curiosity your page come up on my suggested friend lists so I was just wondering if I knew you from somewhere?
robinhood is not free.. they act like its free but they make money on your trade when they transfer your order to the higher blockage.
Dope Video
Thanks for watching!
3.5 rating that awesome. They will bit robben hood soon. Love the dedicated customer service part
Like 44 let's grow
Thank you!
But.. I have fidelity lol
Sorry for writing you, just out of curiosity your page come up on my suggested friend lists so I was just wondering if I knew you from somewhere?
You're saying 3.5 stars for td!? But you're showing 4.5!!
Yup, it was updated during the edit. If you look, I typed “4.5*” clearly on screen. Thanks for watching Karim!
What's a futures contract?
Sorry for writing you, just out of curiosity your page come up on my suggested friend lists so I was just wondering if I knew you from somewhere?
@@jessicawiley9592 no I don't think so. what state you at?
Oh... I'm Jessica Wiley from Palm 🌴🥥 Beach 🏖️⛱️ Gardens Florida 🇺🇲, I am a professional market analysis and expert binary trader 📈
How about you and where are you from?
💝🥰 thank you
Thanks for watching!
Robinhood is not the brokerage
Sorry for writing you, just out of curiosity your page come up on my suggested friend lists so I was just wondering if I knew you from somewhere?
Can you trade with $50?
I know on Robinhood you can and if you find the right link in a TH-cam video you can get two free stocks
Yes.
Absolutely
Actually TD bought Robinhood. They're the same boss now. Switch to another one. Forget about this if you want to keep more money.
Sorry for writing you, just out of curiosity your page come up on my suggested friend lists so I was just wondering if I knew you from somewhere?
But Robinhood lied. It's not free, and this is why the SEC sued them. And they still do it. So RH is BS. RH also has horrible customer service. RH also is quick to show losses but slow to show gains. One more thing. RH CS doesn't give me straight answers to my questions. The email only option for CS is a deal breaker in itself.
This video has a lot of wrong information and misleading information. TD is free too and it is certain they charge some fees as well as Robin Wood. But the most important is that TD has amazing platform called TOS and great charts, also they have all the time customer service. TD has also a phone app, but this guy looks like was paid by Robin Hood to advertise for Robbin H. This is a buch of nonsense. Actually it does look like he does not have experience at all in trading.