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Stocks & InvestmentsApr 4, 2020
PepsiCoNoOffense

Robinhood Vs. TD Ameritrade Vs. Schwab Vs. Vanguard Vs. Fidelity

I have my account on Orbinhood but lately I started exploring other trading platforms. i read bunch of articles comparing different options available in the market but still couldnt figure out the clear winner. I am semi active long time investor looking for reliable trading platform. what trading platform you guys are using and why you chose it over other platforms. One more thing I was unable to conclude is about tax. does any platform offers tax benefit or something? #robinhood #investment #trading

Google Qlan Apr 4, 2020

I have Schwab but I think TD’s software (ThinkOrSwim) is better. It’s supported on Windows/Mac/Linux. Worth considering if you don’t have windows.

PepsiCo NoOffense OP Apr 4, 2020

Thank. I have windows but I am more inclined to mobile option due to easy access. I just started learning about stocks and didn’t find good options on Robinhood. Then I started exploring options.

Microsoft wuhan 🦠 Apr 4, 2020

Robinhood has the best mobile app hands down. I use fidelity and TD ameritrade though. Fidelity for their awesome execution, TD for thinkorswim.

PepsiCo NoOffense OP Apr 4, 2020

Do they have yearly maintenance charge or inactivity charge if you don’t use after opening?

Uber NMlG68 Apr 4, 2020

I have Schwab as well and love it. I started banking with them as well as investing. Robinhood is a good playground but Schwab provides a lot of good research material and rating for free and their customer service is amazing. I use robinhood to invest ~5K and keep track of my watch list but use Schwab for my main fund of hundreds of k.

PepsiCo NoOffense OP Apr 4, 2020

I agree that Robinhood doesn’t have much to kind of research about stonks. Do you have any idea how they both differs in terms of tax? Let me update the original post as well.

Apple wBLy52 Apr 4, 2020

TD has better app, are you day trading or long term? If long term there is no difference

PepsiCo NoOffense OP Apr 4, 2020

I am log term investor. I am spending more time on stocks for now as I am learning but gradually i will be spending less and less time on it.

Oracle fG3ds Apr 4, 2020

If you are buying stocks on phone and in your post neither vanguard nor fidelity is in your choice, you aren’t a long term investor. You are a speculator at best.

MPAY Inc iqoosnla Apr 4, 2020

Also keep in mind that Schwab and TD are probably merging this year

Express Scripts esrxstar Apr 4, 2020

Schwab for main trading and RH for YOLO.

Microchip patrick999 Apr 5, 2020

Interactive Broker

Microsoft teph Apr 5, 2020

IB has 10$ per month cost. They do deduct trading fees paid in that month.

Amazon dAfK'd Apr 12, 2020

Moved to webull. DM if you want 5 free stocks when you deposit at least $100 because I have 4 referral remaining in this category valid until 30 Apr. Webull will also reimburse stocks transfer fee.