Fidelity vs. Robinhood

Fidelity and Robinhood are about as different as two trading platforms can get. Fidelity is a full-service brokerage firm. You can trade most securities through its platform, which has lots of information available about whatever security you’re considering. You can manage your portfolio either on your own or with the help of an advisor. Robinhood, on the other hand, is a stripped-down trading platform that emphasizes ease of use for basics like stocks and ETFs. If you’re considering Fidelity vs. Robinhood for your investment needs, here are some things to keep in mind.

A financial advisor can help you analyze the services and strategies that best fit your goals and portfolio.

Fidelity vs. Robinhood: Fees

One of the first and most important things to consider is how much you’ll be charged to use the platform and make investments. There are largely four types of fees to look out for when choosing a trading platform:

Trading Fees: Any fixed charge attached to each trade that you make. This can come in the form of a flat fee or what’s known as the “spread.” This is when your broker charges you based on the difference, if any, between the buying and the selling price of an asset.
Trading Commissions: This is when a broker will charge you a percentage based on the volume or value of each trade.
Inactivity Fees: Any fees that the broker charges you for not trading, such as for keeping money in a brokerage account.
Non-Trading/Other Fees: Any form of fee for trading on this platform not covered above. For example, a brokerage might charge you for making deposits into your brokerage account, taking money out of it or signing up for additional services.

Robinhood does not charge commissions. The company in many ways defined the modern fee structure for online trading platforms, as it was one of the first and largest companies to move to a no-commission model. Since Robinhood entered the market most other firms have moved to catch up with this pricing model. While the company does not charge any commissions or inactivity fees, it does pass on regulatory fees to its users.

While there’s no fee to use the basic Robinhood option, customers can sign up for Robinhood Gold. For $5 per month, customers will have access to margin trading with a 4.7-5.75% interest rate and 4% APY on idle cash.

Fidelity’s fee structure is somewhat different, as this platform offers significantly more products and services than Robinhood. Fidelity doesn’t charge trading fees or commissions on stocks and ETFs.

However, unlike Robinhood, it does charge $0.65 per contract to trade most options. It costs $1 per bond to trade most bonds on Fidelity’s site. And, except for a defined list of no-fee funds, Fidelity charges $50 to trade most mutual funds. Robinhood offers neither bonds nor mutual funds at all. As of August 2025, margin interest rates at Fidelity start at 12.575% on debit balances of up to $24,999 and progressively decrease on higher debit balances. The firm charges a 8.25% margin interest rate on debit balances of more than $1 million.

Fidelity charges no inactivity fee. Nor does it charge for basic services such as depositing and withdrawing money from your account. Making a trade by telephone will typically incur a $5 charge and broker-assisted trades cost $33. Again, neither of these latter options is offered through Robinhood.

The upshot is that Robinhood and Fidelity are mostly comparable in price. In the areas where they offer overlapping services, both platforms are mostly free of charge. The only significant difference is that Fidelity charges to trade options, whereas Robinhood does not. And Fidelity has somewhat higher rates on margin trading. Beyond that, the areas where Fidelity adds trading fees and charges are for primary features that Robinhood does not offer.

Fidelity vs. Robinhood: Services & Features

Robinhood is a simple, streamlined trading platform focused on its app. The company has released a web interface, but it’s clear the app takes priority in terms of design and development.

The platform’s goal appears to be to bring in new and novice investors. And it does so by presenting a trading interface designed to be as clear and uncluttered as possible. This has the upside of making Robinhood far less intimidating than a standard trading platform.

Robinhood offers basic trading data such as current price, trading volume and price history over the past five years. The platform supports some complex trades such as stop-loss orders. And it offers a comparably stripped-down list of asset types to trade – no bond or mutual fund trading. Using Robinhood investors can trade stocks, ETFs, ADRs and options contracts. Users can also trade some cryptocurrencies.

Fidelity, on the other hand, has designed its trading platform to meet the needs of just about any investor. Through its app and website, you can access virtually any form of trading data and technical indicators available to retail traders.

Investors can trade almost any mainstream asset on Fidelity’s trading platform, including bonds, mutual funds, and currencies. Fidelity does not support trading futures contracts, but does offer futures-based ETFs. It also allows you to directly purchase cryptocurrencies like Bitcoin and Ethereum, as does Robinhood.

Fidelity has a full range of customer service options. Users can e-mail, call, chat live or even visit a Fidelity branch in person. Robinhood now offers 24-hour support for users with accounts.

Fidelity vs. Robinhood: Online & Mobile Experience

Fidelity and Robinhood both operate a single platform and both operate that platform through a website and a mobile app. This is different from some brokerages, which offer multiple trading platforms for varying levels of investor sophistication. The Fidelity platform strikes a balance between access and complexity. Users can relatively quickly find the assets they want to trade. And the most important information is easy to access within each given asset’s trading screen.

Basic functions, such as how to buy, sell, or check your portfolio, are also laid out well. While the app’s basic layout may present a learning curve for someone who may not have much to invest and is still learning, most users will have no problem with the broadest functions of the Fidelity platform.

Ultimately, though, as a full-service brokerage Fidelity offers a dizzying array of technical information, data and sophisticated trading products alongside its more standard options. Users who want to check stock prices and buy or sell stocks will find little trouble navigating the app. But once they begin to explore the various tabs and options available, they may quickly find the system intimidating. Features such as the platform’s automatic reliance on candlestick charts may confuse newcomers and will require some time to learn.

Robinhood, on the other hand, is designed to elide this learning curve almost altogether. Its interface has been compared to Twitch gameplay or the marriage of investing and Tinder dating. The app lays out its investments with intuitive lists and tables, allowing users to quickly search through its equities and options by name, market sector, and category. Robinhood groups assets together with tags, and users can see similarly situated products by scrolling through these groups.

Asset screens are straightforward, with information laid out in quick, easy-to-digest tables and charts.

Fidelity vs. Robinhood: Account Types and Minimums

When choosing a brokerage, it’s important to consider what types of accounts you can open.

Fidelity supports nearly every type of brokerage account you might need. In addition to individual and joint taxable accounts, investors can open custodial accounts for minors, a full suite of retirement accounts (Traditional, Roth and Rollover IRAs), as well as 401(k) rollovers. Fidelity also offers more specialized accounts such as HSAs (Health Savings Accounts), 529 college savings plans, and trust accounts. Importantly, there is no minimum investment required to open a Fidelity brokerage account, making it accessible to new investors while still catering to experienced ones.

Robinhood began as a platform for individual taxable brokerage accounts and has only recently expanded its offerings. In 2022, the company introduced IRAs (both Roth and Traditional), with an added incentive of a 1% match on IRA contributions for regular customers and 3% for Robinhood Gold subscribers for their first year using the service. However, Robinhood does not currently support joint accounts, custodial accounts, HSAs, or 529 plans, which limits its usefulness for investors with more complex financial goals. Like Fidelity, Robinhood does not require a minimum deposit to open an account, lowering the barrier to entry for new investors.

If you’re looking for a platform that supports both day-to-day trading and long-term financial planning, Fidelity’s broader selection of account types gives it a clear advantage. Robinhood, meanwhile, may suit newer investors focused on short-term trading or those just getting started with retirement savings, but its limited account options can be restrictive as financial needs grow.

Fidelity vs. Robinhood: Who Should Use It

For the experienced investor, Robinhood offers too few options and perhaps less technical data, meaning that serious investors may quickly bump up against its limitations. It also doesn’t offer some of the most popular asset classes on the market – notably bonds and mutual funds – which could limit experienced investors. Investors who know what they’re doing will know that they need more than this stripped-down platform has to offer.

Robinhood is geared toward new and inexperienced investors. Its “gamification” of investing has been criticized for allegedly obscuring the very real risks involved with the market. The platform also lets users trade particularly risky securities like options, the risks of which may not be clear to newbies. In other words, with Robinhood it’s imperative to be careful.

Fidelity offers an excellent trading platform and one that is particularly well-designed for new and inexperienced investors. Indeed, while accredited or sophisticated investors might be marginally better served with TD Ameritrade or E*TRADE, Fidelity offers a platform that is very well designed for both seasoned investors and new investors willing to learn the ropes without getting into trouble.

Bottom Line

An investor compares Fidelity vs. Robinhood.

When comparing Fidelity vs Robinhood, Fidelity stands out ahead. Fidelity does have a slightly higher learning curve than Robinhood, yet it has all the features and information you need to make smart, informed choices as your knowledge and skill evolve. Robinhood, on the other hand, may be too limited for experienced investors and inexperienced investors could end up taking too many risks because Robinhood’s easy, intuitive display lacks a lot of context. However, if you’re looking to transfer or rollover an IRA then Robinhood’s contribution matching makes it the better choice.

Tips for Investing

Consider talking to a financial advisor about which online trading platform is best for you. Finding a financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three vetted financial advisors who serve your area, and you can have a free introductory call with your advisor matches to decide which one you feel is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Now that you know the highlights it’s time to get into the weeds. In our dedicated brokerage reviews we go into detail on how exactly Robinhood and Fidelity differ.