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Robinhood
Robinhood earns 4.3/5 for a remarkably direct mobile workflow, $0 self-directed account minimum, $1 fractional stock and ETF orders, no commission on eligible U.S. stock and ETF trades, recurring investing, IRAs, a capable web platform, and a much wider product set than its early app-only reputation suggests. The headline still needs boundaries: stock and ETF options have regulatory charges, index options have contract and exchange fees, Gold costs $5 monthly or $50 annually, Robinhood Strategies charges 0.25% annually, outgoing ACATS costs $100, and mutual funds and direct bond trading remain unavailable. It is strongest for mobile-first self-directed investors who will use simple recurring purchases—not for someone who needs a full fixed-income or mutual-fund supermarket.
What to know about Robinhood
Robinhood earns 4.3/5 for a remarkably direct mobile workflow, $0 self-directed account minimum, $1 fractional stock and ETF orders, no commission on eligible U.S. stock and ETF trades, recurring investing, IRAs, a capable web platform, and a much wider product set than its early app-only reputation suggests. The headline still needs boundaries: stock and ETF options have regulatory charges, index options have contract and exchange fees, Gold costs $5 monthly or $50 annually, Robinhood Strategies charges 0.25% annually, outgoing ACATS costs $100, and mutual funds and direct bond trading remain unavailable. It is strongest for mobile-first self-directed investors who will use simple recurring purchases—not for someone who needs a full fixed-income or mutual-fund supermarket.
Pros
- $0 self-directed minimum with eligible $1 fractional stocks and ETFs
- Excellent mobile workflow, recurring investing, IRAs, and improving web tools
- No commission on eligible U.S. stock and ETF trades
Cons
- No mutual funds or direct bond and fixed-income trading
- Gold, managed accounts, index options, transfers, margin, and other products add cost
- Remote support model offers no branch or assigned adviser relationship
Scoring breakdown
- Fees & Commissions4.7/5
- Ease of Use4.8/5
- Investment Selection4.1/5
- Research & Tools4.0/5
- Customer Service3.9/5
Verified product facts
- Account Minimum
- $0 for a self-directed brokerage account; eligible fractional stock and ETF orders can start at $1, while Robinhood Strategies requires $50
- Commissions
- $0 commission on eligible U.S. stocks, ETFs, and stock/ETF options; regulatory fees apply, index options add a $0.50 contract fee or $0.35 with Gold plus exchange fees, and other products have separate schedules
- Product Type
- Mobile-first self-directed brokerage with IRAs, joint and custodial accounts, separate crypto and futures products, Robinhood Legend, Gold, and optional Robinhood Strategies managed portfolios
Where Robinhood ranks
Every DollarScout ranking that includes Robinhood.
Robinhood reviews
Robinhood comparisons
Head-to-head matchups featuring Robinhood.
Fact-checked July 18, 2026. Sources: Robinhood supported investments and exclusions, Robinhood trading fees and index options schedule, Robinhood fractional share rules, Robinhood recurring investments, Robinhood Gold price and disclosures, Robinhood Strategies fees and minimum, Robinhood IRA match terms, Robinhood 24 Hour Market risks and operation, Robinhood outgoing transfer process.