The customer service and overall stability of Robinhood seem questionable, though, given the widespread user complaints and pending lawsuit over its March 2020 outages. With so many possibilities available, it’s challenging to know where to begin. The app is free to use. Many people choose to begin their investment portfolios online and even on mobile apps, of which there are many options. If you want a hands-on investing experience, Stash might also be a good option. Robinhood also recently added cryptocurrency trading. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. I have first-hand experience with every product or service I recommend, and I recommend them because I genuinely believe they are useful, not because of the commission I get if you decide to purchase through my links. Consider talking to a financial advisor about whether using an online brokerage platform is a good fit for your financial planning. Your email address will not be published. There are also many user complaints such as these of the site being “frozen,” orders not going through, inability to login, etc. and adds access to custodial accounts to invest for 2 kids, a metal card for the bank account, and a monthly market insights report. Stash does not offer margin. Like Stash, you aren’t stuck in a specific portfolio – you are in charge of what you invest in, but Robinhood guides you along the way. We'll assume you're ok with this, but you can opt-out if you wish. Stash has solid customer service. Both applications are user-friendly and have low barriers to entry for people who want to start investing in stocks, ETFs and cryptocurrencies. Stash allows you to invest in ETF’s and stocks of your choosing. Note that Stash’s Custodial account is only available on their premium Stash+ plan at $9/mo. Stash does not technically charge commission-fees, but the accounts cost money. OptimizedPortfolio.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. Both Robinhood and Stash provide FDIC-insured checking accounts and debit cards. Robinhood Fees vs Stash Fees. Stash offers some ETF’s and most stocks, while Robinhood gives you control to trade stocks, ETF’s, options, and crypto. Read my lengthier disclaimer here. Robinhood vs. Acorns vs. Stash: A Detailed Comparison [2021] INVESTING - INVESTING REVIEWS Robinhood, Acorns, and Stash all allow you to invest your money but in very different ways which may make one a smarter fit for you than the others. also gets you a monthly market insights report. Stash also gives you extra shares of stock via their Stock-Back® program. This website uses cookies to improve your experience. Past performance does not guarantee future returns. The key difference between Stash and Robinhood is that Stash charges a monthly fee while Robinhood is totally free. This generates very little money, typically only pennies or less per share traded, but over millions of transactions those pennies add up. You can choose your own individual stocks and ETF’s, or you can also invest in pre-built expert portfolios in the form of 4 ETF’s from iShares that they call “Diversified Mixes.” These 4 are called Aggressive Mix, Conservative Mix, Long-Term Mix, and Moderate Mix. Robinhood is the better choice for traders, but note that the platform does not offer retirement accounts. This involves the app’s buying a full share and splitting it up into smaller shares. Acorns Vs Stash Vs Robinhood apps APPS. Stash vs. Robinhood: Services & Features Both Robinhood and Stash offer taxable accounts and allow users to invest in cryptocurrencies and ETFs. Robinhood Financial allows users to make unlimited trades in stocks, ETFs and options; Robinhood Crypto allows users to buy and sell cryptocurrencies. Stash provides some measure of hand holding for new investors with in-built educational content. Robinhood’s customer service and overall stability seem questionable. Trading tools. Gold account and have a minimum invested balance of $2,000. If you don’t want to think about your investments or if you want to open a retirement account, and if don’t need the ability to trade options and cryptocurrency, Stash may be the better choice. Stash has three tiers. It does support free cryptocurrency and options trades. We may receive compensation if you apply or shop through links in our content. Finding a financial advisor doesn’t have to be hard. Robinhood allows you to invest in individual stocks, ETF’s, and options contracts of your choosing and does not offer any expert portfolios or advising. Robinhood maintains that these were “historical practices that do not reflect Robinhood today.”. Again, this greater control comes at the cost of greater time and effort. Investment products discussed (ETFs, mutual funds, etc.) Stash and Robinhood offer two distinctive approaches to building an investment portfolio. includes access to retirement accounts in the form of a Traditional or Roth IRA. You also have the option to opt-out of these cookies. Stash and Robinhood also both appear to have Android user bases who complain about problems with their Android apps. Do your own due diligence. Robinhood and Stash both appeal to DIY investors. Have a question? Robinhood does have a premium account option called Robinhood Gold that costs $5/mo. One could argue that these events may cause Robinhood to improve their infrastructure going forward to make sure these type of things never happen again in the future. Photo credit: ©iStock.com/Drazen_, ©iStock.com/ferrantraite, ©iStock.com/Diversity Studio. Stash offers brokerage services to its users, excluding investments that the FDIC federally insures. Stash offers individual taxable, Custodial, and retirement accounts. The company primarily works through fractional shares, which allows for its low initial costs. The Stash Growth plan costs $3 per month and includes everything that Stash Beginner does, plus a Roth or traditional IRA capability. The Stash Growth plan costs $3 per month and includes everything that Stash Beginner does, plus a Roth or traditional IRA capability. Winner for small investments: Robinhood, just because it’s literally free. You can view the full list of ETF’s from Stash here. What Is a Leveraged ETF and How Do They Work? About Robinhood While comparing Robinhood and Stash, Robinhood is classified as an online stock broker, much like your traditional stockbrokers. Here are some screenshots of the Stash app: Here are some screenshots of the Robinhood app: Your choice between these two investing platforms should come down to your experience level, what account type(s) you need, what you want to invest in, and how you want to invest. I have no formal financial education. This website uses cookies to improve your experience while you navigate through the website. Webull vs Stash: Summary. Stash Beginner includes banking with the Stock-Back card, investing, budgeting and personalized advice. Stash vs Robinhood. Compare the Top 3 Financial Advisors For You. Stash’s bank account earns you additional shares of stock as part of their Stock-Back® program. This was obviously very frustrating and concerning for users, especially because these were high-volume, highly-volatile days in the stock market. Stash+ is the third tier and costs $9 per month. In other words, Robinhood is a good choice for a savvy investor who wants to buy and sell stocks without fees. Features & Pricing Monthly ($) Min Investment; Buy Individual Stocks This is not financial advice, investing advice, or tax advice. Robinhood vs. Stash: 2021 Comparison. There is no minimum deposit or maintenance fee, though there is an optional paid premier customer tier starting at $5/month. They have stated that they hope to offer some of these in the future. Stash vs. Robinhood: Fees One of the most significant differences between Stash and Robinhood is the cost. The app allows users to buy fractional shares of stocks as well as has a robust budgeting platform in addition to its buying and selling platform. Neither platform charges commissions. Disclosure:  Some of the links on this page are referral links. Incredibly, there has been a 50 percent increase in the amount of trading done on mobile apps since 2017, and Stash has appeared to meet the demand of investors and traders who want more access to markets without getting too deep into methodologies … Your email address will not be published. Stash vs. Robinhood: Account Types Both Stash and Robinhood offer standard investing accounts, which you can use for short-term trading or long-term investing. ($60/year), gets you access to professional research reports and deeper market data. In the same week, the Massachusetts Securities Division filed a lawsuit against Robinhood, alleging that the broker uses “gaming strategies to manipulate customers” to execute more trades in order to boost fees, thereby taking advantage of inexperienced investors. You can read about these funds on the iShares website if you’re curious. Often, robo-advisors pride themselves on creating a hands-off experience for users. Novice investors will likely feel more comfortable with Stash. The Stash+ plan is $9/mo. Stash vs Acorns vs Robinhood. Here’s a look at how these two products differ in terms of fees, services, online experiences, mobile features and more. If you want to invest in bonds, Stash is also the better option, as these aren't available with Robinhood. Robinhood is geared more toward traders but can still be used for passive, long-term investing. Stash and Robinhood are two popular investment platforms that beginners sometimes choose. Stash is a passive, buy-and-hold investing platform, so there’s no trading or order control. On the other hand, it is concerning considering other brokers did not experience these outages and problems during that same time period. Stash and Robinhood both allow you to invest in real estate investment trusts (REITs), which are companies that own or finance a wide variety of income-producing real estate holdings. Stash’s app has a wealth of educational materials and investment information, as well as a banking option. Instead, Robinhood makes money by pocketing the small difference between the buying and selling price of an asset. Both Stash and Robinhood are apps that help individuals invest. An author, teacher & investing expert with nearly two decades experience as an investment portfolio manager and chief financial officer for a real estate holding company. In order to access margin with Robinhood, you must pay for the $5/mo. Acorns and Stash both have retirement and children investing along with the debit card. Stash+ is the third tier and costs $9 per month. The Stash vs. Robinhood Verdict At the end of the day, these are two solid trading apps for which there is only a small pool of competitors. Stash offers more guidance when picking investments than Robinhood does. This category only includes cookies that ensures basic functionalities and security features of the website. At no additional cost to you, if you choose to make a purchase or sign up for a service after clicking through those links, I may receive a small commission. For $1 a month, users are enrolled in Stash Beginner. Robinhood vs. Stash: Unique Features Robinhood Unique Features. Both these platforms come with iOS and Android devices. Perhaps most importantly, the customer service and overall stability of Robinhood as a broker seem questionable to say the least, given the widespread user complaints and pending lawsuit over its March 2020 outages. Because Stash doesn’t accept incoming account transfers, the best way to move your Robinhood account into Stash is to follow the same steps outlined above (except switch the brokers). Being a full-fledged trading platform, Robinhood obviously offers an all-day trading window and order control. It includes everything that Stash Growth does plus custodial investment accounts for kids and an exclusive monthly market insights report. Stash vs. Robinhood: Fees. Both Robinhood and Stash offer taxable accounts and allow users to invest in cryptocurrencies and ETFs. Robinhood only offers a standard individual taxable account at this time. If you want an alternative on which to day-trade stocks but don’t need fractional shares, consider Webull. Stash also gives you extra shares of stock via their Stock-Back® program. It is not a recommendation to buy, sell, or otherwise transact in any of the products mentioned. Last, Stash is also a good option for long-term and more diversified investments. The website features a robust set of articles and other content that can help to make you more knowledgeable about its services, specific investment types, investing strategies and more. For $1 a month, users are enrolled in Stash Beginner. Stash sets itself apart with its SRI (socially responsible investing) portfolios. Stash is a “semi-robo-advisor” investing and saving platform built for passive, long-term, set-and-forget, buy-and-hold investing. Unlike robo-advisors who automate the process of investing your money, Stash and Robinhood give you control over your investment selections. I’ve already seen many users running from Robinhood in droves and finding alternatives in platforms like Stash, Acorns, M1 Finance, etc. Additionally, they both have apps that are compatible with iOS and Android devices. With … So if it splits up the ownership of a $100 share, you can own a portion of it for any amount of money. In principle, after comparing Stash vs Robinhood and finding the former wanting, you should be able to do that using the ACATS system. Depositing funds to your Robinhood account is free of charge, but the only available option is via bank transfer as credit/debit cards and e-wallets are not supported. On the one hand, Stash offers fractional share purchases and financial advice. It is mandatory to procure user consent prior to running these cookies on your website. But just because it’s free, is Robinhood better than Stash Invest? There are some features that are unique to each platform though. Robinhood is geared more toward traders but can still be used for passive, long-term investing. Stash features banking with a free debit card, whereas Robinhood does not. Ask our Investing expert. How Much Do I Need to Save for Retirement? But with Stash, you make the trading and investing decisions. While Stash simplifies investing for novices. Stash provides financial education and budgeting tools, whereas Robinhood does not. Stash vs. Acorns vs. Robinhood — which is the best investing app? Both Stash and Robinhood offer an optional FDIC-insured checking account with debit card. Now that we’ve covered Stash vs Acorns vs Robinhood basics, let’s get into some specifics about each of these investing apps. This is because they tend to do all of the investing and trading. 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