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Both Robinhood and Stockpile cater to beginner investors, but the brokerages aren't the same. While Stockpile is heavily focused on fractional share investing and helping people acquire assets over time, Robinhood offers a wider range of investment options. Stockpile, however, offers some unique features Robinhood doesn't, including the ability to gift stock using stock gift cards as well as supervised custodial accounts designed for teaching children to invest.
This Robinhood vs. Stockpile review will help you understand the key differences between the two trading platforms, so you can decide which one is the right choice based on your investor profile and financial goals.
Robinhood is available for free, but for $5 monthly, you can upgrade to Robinhood Gold and get features like extra APY on uninvested cash, bigger instant deposit, lower margin rates, and access to professional research. Stockpile charges members a $4.95 monthly subscription fee, which gets you one adult account and up to five kids' accounts.
When it comes to buying stocks and ETFs, both Robinhood and Stockpile will work for most investors. Both companies offer commission-free trades for both stocks and ETFs. If you're looking for the best options trading platforms, Stockpile won't work for you, but Robinhood might. Stockpile doesn't allow you to trade options at all, while Robinhood provides options trading with no contract fees. That sets Robinhood apart from many competitors, as it's common for brokerage firms to charge around $0.65 per contract fee for options trading.
Robinhood and Stockpile both offer crypto trading. While Robinhood still offers zero-commission crypto trades, you'll pay a 1% to 2% fee for each crypto trade on Stockpile.
Stockpile | Robinhood | |
---|---|---|
Stock & ETF commissions | $0 | $0 |
Options commissions | N/A | $0 |
Crypto commissions | 1%-2% | 0% |
Mutual fund commissions | N/A | N/A |
Account transfer fee | $75 fee for outbound transfers | $100 for outbound transfers |
Account maintenance fee | $4.95 per month | $0 or $5 monthly for Robinhood Gold |
Robinhood undoubtedly has a wider choice of investment options than Stockpile. With Robinhood, you get access to over 5,000 U.S. stocks and ETFs, plus 650 global stocks through American Depository Receipts (ADRs), and 25 cryptos. Stockpile allows you to purchase up to 4,000 stocks ETFS, and ADRs, as well as access to some cryptos, like Bitcoin and Ethereum. Unlike Robinhood, Stockpile doesn't allow options trading.
Both brokerage firms allow fractional share trading with as little as a $1 investment, though. This low minimum investment makes both trading platforms worthy of consideration for those looking for the best online brokers for beginners.
Stockpile offers a few unique features Robinhood doesn't, though. You can gift stocks using eGift cards, and you can create a custodial account to teach kids about investing. Kids can submit a request to buy or sell stocks or ETFs in supervised custodial accounts and the trades will be executed after adult approval.
Stockpile | Robinhood | |
---|---|---|
Stocks and ETFs | Yes | Yes |
Fractional shares | Yes | Yes |
Options | No | Yes |
Mutual funds | No | No |
CDs | No | No |
Bonds | No | No |
Futures | No | No |
Crypto | Yes | Yes |
Currencies | No | No |
We recommend comparing brokerage options to ensure the account you're selecting is the best fit for you. To make your search easier, here's a short list of our best trading platforms of 2024.
Broker | Best For | Commissions | Learn More |
---|---|---|---|
Rating image, 4.0 out of 5 stars.
4.0/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best = Excellent = Good = Fair = Poor |
Easy fractional investing in stocks and bonds. | $0 commissions, 1%-2% crypto markups |
Learn More for Public
On Public's Secure Website. |
Rating image, 4.5 out of 5 stars.
4.5/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best = Excellent = Good = Fair = Poor |
Managing your finances under one roof | $0 for stocks, $0 for options contracts |
Learn More for SoFi Active Investing
On SoFi Active Investing's Secure Website. |
Rating image, 4.5 out of 5 stars.
4.5/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best = Excellent = Good = Fair = Poor |
Low fees on stocks, ETFs, crypto, and options | $0 for stocks, ETFs, and options; up to $6.99 monthly for Robinhood Gold |
Learn More for Robinhood
On Robinhood's Secure Website. |
If you're looking for the best brokers for IRAs or the best robo-advisors, Stockpile and Robinhood will both disappoint, as neither brokerage account offers a robo-advisory service. However, Robinhood now offers Roth IRAs and traditional IRAs for retirement savers. It even provides a 1% match for non-Gold members and a 3% match for Gold members. You can't open tax-advantaged retirement accounts such as IRAs with Stockpile.
Stockpile does offer custodial accounts, though, which Robinhood doesn't. But those interested in a spending account will find them available at Robinhood, while Stockpile has no comparable alternative.
Stockpile | Robinhood | |
---|---|---|
Taxable brokerage | Yes | Yes |
Joint tenant | No | Yes |
Margin | No | Yes |
Robo-advisor | No | No |
Traditional IRA | No | Yes |
Roth IRA | No | Yes |
Other IRA | No | No |
Custodial | Yes | No |
Checking | No | Spending account; cash management account is no longer accepting new members |
Savings | No | No |
Credit card | No | Yes |
Stockpile and Robinhood are both focused on mobile investing and have full-featured apps that make trading stocks and ETFs simple on the go. The Robinhood app received a 4.2 out of 5-star rating, while Stockpile received a 4.7-star rating from the App Store.
Neither Stockpile nor Robinhood offer full-featured desktop versions such as those offered by Charles Schwab. But their platforms don't have much of a learning curve and they make it simple to find assets to buy, manage your portfolio, and track your investing progress.
When deciding between Stockpile vs. Robinhood, a lot depends on the kind of investor you are and the account type you are looking for.
Stockpile is an ideal choice for parents who hope to teach kids about investing, while Robinhood is a better fit for anyone who wants to trade options or invest for retirement. If you're simply interested in stock trading -- or in buying fractional shares -- you can't go wrong with either brokerage firm. You may want to try out the apps each offers to see which user interface you prefer.
Robinhood is a simple, low-cost brokerage with a few rare perks. What it lacks in customer service it provides in a smooth in-app experience. Without membership, you will lack research resources but still be able to trade affordably. With a membership, you can earn 3% and 1% match on IRA and taxable deposits. The app grows fast -- new perks are being released at a rapid pace.
$0 for stocks, ETFs, and options; up to $6.99 monthly for Robinhood Gold
$0
On Robinhood's Secure Website.
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. Motley Fool Money does not cover all offers on the market. Motley Fool Money is 100% owned and operated by The Motley Fool. Our knowledgeable team of personal finance editors and analysts are employed by The Motley Fool and held to the same set of publishing standards and editorial integrity while maintaining professional separation from the analysts and editors on other Motley Fool brands.
Robinhood disclosure
All investments involve risk and loss of principal is possible.
Securities are offered through Robinhood Financial LLC, member FINRA/SIPC. Cryptocurrency services are offered through an account with Robinhood Crypto, LLC (NMLS ID 1702840). Robinhood Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Cryptocurrency held through Robinhood Crypto is not FDIC insured or SIPC protected. For more information see the Robinhood Crypto Risk Disclosure.
Trades of stocks, ETFs and options are commission-free at Robinhood Financial LLC. Other fees may apply. Please see Robinhood Financial’s Fee Schedule to learn more.
Fractional shares are illiquid outside of Robinhood and are not transferable. Not all securities available through Robinhood are eligible for fractional share orders. For a complete explanation of conditions, restrictions and limitations associated with fractional shares, see the Fractional Shares section of our Customer Agreement.
Robinhood Gold is an account offering premium services available for a $5 monthly fee. Not all investors will be eligible to trade on Margin. Margin investing involves the risk of greater investment losses. Additional interest charges may apply depending on the amount of margin used. Bigger Instant Deposits are only available if your Instant Deposits status is in good standing.
Investing is risky. Bonus offers subject to terms and conditions, visit robinhood.com/hoodweek for more information. Margin is not suitable for all investors. Robinhood Gold is offered through Robinhood Gold LLC and is a subscription offering services for a fee. Brokerage services offered through Robinhood Financial LLC (member SIPC), a registered broker dealer.
INVESTMENTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE
SoFi does not accept cryptocurrencies and has limitations on some mutual funds and OTC stocks. Brokerage and Active investing products offered through SoFi Securities LLC, member FINRA(www.finra.org)/SIPC(www.sipc.org).