None of the three platforms require a minimum investment to get started. Read on for an in-depth look, including ratings, reviews, pros and cons. Their margin rates are the lowest so eventually if I need I can switch to their Pro version (which has reasonable fees) I can get rates which are lower than even primary mortage rates. Stock trades cost more than the free you get at Robinhood, but Schwab also offers a lot more research and better access to advice and support.

New comments cannot be posted and votes cannot be cast, Press J to jump to the feed. The transaction fees have been lowered or cut to zero.

Execution- I'm not day trading or worried about buying a few cents higher per share. Robinhood vs interactive brokers reddit.

That way I can focus more on value, and also build up my smaller positions rather than adding to my largest positions. Betterment offers contact via phone or live-chat during regular weekday business hours (with extended chat on Saturday and Sunday). They said I have to call them and ask them about individual stocks (this stock was $9). I use robinhood with some gambling money a very small % of my portfolio. He has in-depth experience writing about banking, credit cards, investing and other financial topics and is an avid travel hacker. Good luck if you want to reach a live person at Robinhood. Press question mark to learn the rest of the keyboard shortcuts. Cookies help us deliver our Services. When you're only buying once or twice a month most of the tools out there don't mean much. In this article, we are comparing the two popular investing platforms, M1 Finance vs Charles Schwab. From your comments, customer service missing is the only problem which TDA/Schwab has plenty.

Everytime someone trashes RH, they always just say faster fills with no proof.

That’s the price of free trading.

I do not use that because the fact I hold something doesn't mean I think it's worth buying more at any price. CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. I'm talking equities/ETFs only here, though. Shitpost. Ive been mainly using RH for options trading, but did the first transaction on Schwab and have questions. Or not having a phone number to call to place a trade before taking a flight to Hawaii.

Go ahead and bring the downvotes. Have to wait a few more days. Better execution. CS is cluttered with redundant information, clunky, difficult to navigate and execute, no real time quote dashboard, and looks outdated. I don't know from RH, but CS order fill is pretty good. Robinhood is good to mess around with but any serious investment should be done with a proper broker. I use NASDAQs site for the real time quotes and Yes, RH UI does suck. How do you get residual (or passive) income? You'll pay zilch. We know that managing finances is not easy. I believe Schwab is more effective simply because your method of replicating a DRIP with Robinhood implies there's a commission. To clarify, I re-invest every penny I get in dividend payouts. Here are 10 clever ways to turn $100 into a better future. You can send a PM by navigating to the userpage of a user. Robinhood is good to mess around with but any serious investment should be done with a proper broker.

Currently leaning towards TD since I've heard think or swim is really good.

Robinhood doesn’t let you name a beneficiary to your account. Charles Schwab offers stock and ETF trades at $0 commission and options trading at $0 commission + $0.65 per contract.

For Robinhood, I just get the dividend payout added to my account cash balance. Investor Junkie has advertising relationships with some of the offers listed on this website. What about the long term? Members should be aware that investment markets have inherent risks, and past performance does not assure future results. By Jean Folger.

Hey I've been thinking about switching from Robinhood to either TD Ameritrade or Schwab.

Robinhood isn’t robbing “them”, they’re robbing you and now you’re getting a glimpse of how. Schwab takes the dividend payout and DRIPS. Updated May 19, 2020. M1 Finance and Charles Schwab are two brokerages that take a different approach to building an investment platform. Please contact the moderators of this subreddit if you have any questions or concerns. And then I sell the stock, and I cannot purchase more because there is no instant settlement. Yeah I get price improvements decently often which is nice. Here's how to build long-term wealth starting in your 20s.

For Robinhood, I just get the dividend payout added to my account cash balance.

All trades are commission-free. It’s not you Robinhood, it’s me.

Client service is tremendous, platform is as user friendly as could be, and I believe they just cut fees on trades. The robo advisor is free aside from fees charged by the individual ETFs in your account. Helping make finance easy.

about careers press advertise blog Terms Is Interactive Brokers better than Robinhood? Robinhood: Get one free $3-$7 value stock when you open an account. When away from the keyboard, Eric enjoys exploring the world, flying small airplanes, discovering new craft beers and spending time with his wife and little girls. Do other brokerages handle transactions differently?

How does it compare to Robinhood? Press question mark to learn the rest of the keyboard shortcuts. So better execution equates to better prices that RH literally can't fill? For more information, please read our, Betterment vs. Charles Schwab vs. Robinhood. Required fields are marked *. Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey.

Would you say it's worth it instead of no fee on RH?

It is bad. I’ve been trying to figure out a new brokerage to use but don’t want to be limited to the parent companies funds or etf’s, New comments cannot be posted and votes cannot be cast, Press J to jump to the feed. The Social Impact portfolio expands the Broad Impact portfolio by also including stocks of companies focused on diversity in the U.S. Charles Schwab offers a wide-range of low cost SRI options, with over 500 mutual funds and 80 ETFs to choose from. 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.

I put in $5000, and it says $5000 available. All products are presented without warranty. 1. So what happens if you die? New comments cannot be posted and votes cannot be cast, Press J to jump to the feed. For a complete commissions summary, see our best discount brokers guide.

2,000+ across asset classes and fund companies, $0 commission through Schwab ETF OneSource™.

To answer your Robinhood question - three potential reasons to not DRIP: You like a company, but not enough to reinvest their dividends and get more shares. Your submission was aically removed because it contains an email address. Or does the account keep vested? IRAs - I have them elsewhere and there's a limit to what I can contribute to those. Generally I'd rather take the dividends from across my portfolio and buy a few hand picked shares rather than DCAing into a bunch of stuff aically.

Betterment charges 0.25–0.40%/year; Charles Schwab charges $4.95/trade; Robinhood doesn't charge any fees. Eric Rosenberg is a finance, travel and technology writer in Ventura, California.

Customer service is simply awful and completely incompetent, which in my eyes is the biggest detractor.

RH you pay nothing, but you get nothing too.. TDA/Fidelity gives lots of stuff, but do you care about those. They absorb the funds?

I have taxable accounts in both Schwab and Robinhood. Ive been mainly using RH for options trading, but did the first transaction on Schwab and have questions.

Other brokers let you choose the tax lot. Posted by 1 month ago. For limit orders, there is no difference between RH and TDA. Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. Schwab takes the dividend payout and DRIPS. You don't need to have a lot of money or experience to start investing in your 20s. Not sure the penny stock problem, i have been able to buy a multitude of OTC stocks without issue. No platform fees.

It is the autists that insist on trading complex options through rh. It offers an excellent selection of account and asset types.

Earlier I would have recommended RH if you had a small portfolio (due to commissions), but now Schwab is free as well, Does CS let you buy vanguard, fidelity, etc.. etf’s commission free? You are going to be charged $0.65 for every contract you open or close though, but I've never been charged for assignments. Simple: Which One Should You Choose? You can manually calculate and file independently to the irs.