In this video, I discuss Robinhood vs Fidelity. Both are fantastic brokerages for investing in stocks but they have major differences that you need to know.

The first step in comparing Robinhood vs Fidelity for beginners is looking at their fees. Both of these brokers are technically $0 commission brokerages but they have little fees that you need to know about.

Robinhood offers free trading and investing for stocks, ETFs, options, and even cryptocurrency. So if you're a beginner investor and would like to buy stocks and Bitcoin, then Robinhood might work for you.

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For $5 per month, you can get Robinhood Gold which allows you to invest with margin. This is a big difference for Robinhood vs Fidelity.

Fidelity offers free trading for stocks, mutual funds, ETFs, options, and bonds, but they will charge a small fee for trading options contracts. This is another difference between Fidelity vs Robinhood.

Both of these $0 commission brokerages have no inactivity fee and no annual fee, making them great for beginner investors.

Next, let's take a look at the features of Fidelity vs Robinhood. First of all, you can invest in a wider range of securities with Fidelity. With Fidelity, you can invest in bonds, mutual funds, and over-the-counter stocks which you cannot do on Robinhood.

However, you can trade cryptocurrencies like Bitcoin and Ethereum on Robinhood which you cannot do on Fidelity. Both of these brokerages offer fractional shares which TD Ameritrade and Etrade do not allow. This is one area where Robinhood and Fidelity are better than TD Ameritrade and Etrade.

The next thing we evaluate in Robinhood vs Fidelity is the security of your investments. The best brokerage in this respect is Fidelity because Robinhood is known for security problems.

Then, it's time to compare the mobile apps of these two commission-free brokerages. This is one area where Robinhood easily takes the cake. The Robinhood app is amazing and the Fidelity app is average. This is one reason why the Robinhood app has become so popular among young, beginner investors. The mobile app is great.

Lastly, we compare and contrast the customer service of Robinhood vs Fidelity. Fidelity has great customer support while Robinhood does not. This, along with security, is very important for investors who have a lot of money in their investing accounts.

Nothing in this video should be taken as financial advice or any kind of advice. This video and everything I say in it is meant for informational and entertainment purposes only. Facts may or may not be true and could change after posting the video.

In the end, the best brokerage for you depends on what your personal interests are. Hopefully, this video helped you learn about Robinhood vs Fidelity and will help you on your journey to pick the best brokerage app.


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