Online brokerage services have existed for over 20 years. Trading investments today has never been cheaper. So while the race towards cheap trades (in some cases free) is happening, other functionality is becoming more important when selecting a stock broker.
For this review, I compare Stockpile and Robinhood. Which one is better depends on your needs? So let's examine the major features first.
We've determined with online brokerages the most critical feature customers care about is the
cost per trade. The second most important feature is the minimum deposit, and the last is if the broker
offers mutual funds. Let's look at how Stockpile and Robinhood
stack up against each other on these points.
To start, we will consider the minimum investment required for both applications. In
other words,
how much does one need to invest to use the service?
Both Stockpile and Robinhood have the same minimum of $0. So they are equal in this requirement.
Next I'll consider cost per trade for both brokers.
Out of the two, Robinhood is cheaper per trade at $0.00 than Stockpile at $0.99/trade.
Unfortunately, neither Stockpile and Robinhood offers mutual funds to purchase.
Overall, Stockpile rates 6 out of 10, while Robinhood ranks 7.5 out of 10. For more information on either, you can read our full reviews on Stockpile and Robinhood.
Stock Brokers | ||
|---|---|---|
| Review | Stockpile Review | Robinhood Review |
| Overall rating as by Investor Junkie. Rating | 6/10 | 7.5/10 |
| Commissions & Fees | 6/10 | 10/10 |
| Customer Service | 8/10 | 7.5/10 |
| Ease of Use | 8/10 | 8.5/10 |
| Tools & Resources | 5/10 | 6.5/10 |
| Amount of Deals | 3/10 | 8/10 |
| Account Options | 3/10 | 3/10 |
| Promotions | None | None |
| Minimum Investment | $0 | $0 |
| Stock Trades | $.99/trade or $2.99/first gift card stock + 0.99/additional stock | Free |
| Options Trades | N/A | Free |
| Mutual Funds |  | |
| Investment Types | Stocks, ETFs | Stocks, ETFs, Cryptocurrencies |
| Accounts |
|
|
| Access | Website, iOS App, Android App | Website, iOS App, Apple Watch, Android App |
| Broker Assisted Trade |  | |
| Virtual Trades | | |
| No Fee ETFs | | |
| Customer Service | | |
| Autotrading | | |
Sign Up | Sign Up | Sign Up |
About Stockpile
Stockpile is a unique stock broker that allows users to purchase small amounts of household-name stocks through gift cards. It's a great way to get young people interested in investing, although the costs can add up.
About Robinhood
If you think free stock trades are a fantasy, think again! Robinhood offers commission-free stock trades. No fees, really! If a free, simple, basic stock trading app with no extras sounds good to you, Robinhood might be the broker you’ve been looking for.
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