Robinhood’s commission-free trading and streamlined interface catapulted the Palo Alto-based company to widespread popularity in 2013. However, more and more investing giants have started offering a similar promise of free trading to get their slice of the market share back. One of these is TD Ameritrade, who recently launched their no-cost stock, ETF, and options trading. We went on Reddit to see what actual Robinhood and TD Ameritrade users think of both investing platforms and we collated the most helpful ones below.
Robinhood’s barebones interface and lower costs make it easier to navigate for beginners, but those who require more features and want to learn trading more seriously will find TD Ameritrade the better option
TD Ameritrade may have a higher learning curve than Robinhood, but the former offers tutorials that will make its platform less overwhelming Robinhood may get a lot of criticisms on the r/wallstreetbets subreddit, but some Reddit users still use it alongside TD Ameritrade for its lower costs. It’s still a good platform to start as you’re learning the ropes, especially when trading options, as Robinhood doesn’t charge a commission.Meanwhile, beginners who are willing to take on TD Ameritrade’s seemingly intimidating platform will find it the better option. You’ll get helpful tutorials when you sign up and more extensive research tools to help you make more sound trading and investment decisions. Heavy traders on Reddit also swear by TD Ameritrade’s thinkorswim platforms and consider it one of the best out there.