Robinhood vs. TD Ameritrade - Robinhood

[Rob]

Aside from TD Ameritrade having much more advanced tools, reporting, and features, are there any huge advantages to using them over Robinhood which is free?

If you're an investor and not a trader, it seems as though Robinhood would be just as good if not better than TD? Or maybe you suggest another app or service?

Right now I have both because I like seeing the differences, and having a place I can make lots of trades for free/fun, but curious what others think.

 

[overlordror]

I like that Robinhood is fee-free, so if you're just following the market based on the news cycle you're basically trading for free. It's great for the average person who wants to long term invest in bluechip stocks and it encourages people to learn more about the market.