Skip to main content
ClienteleCLNTL
Home/Online Brokerages/Robinhood
Best for beginners

Robinhood

SCORE6.5STRONG

The app that made investing feel approachable

BEST FORFirst-time investors who want a simple mobile experience with no minimum to start.
Reviewed by the Clientele Research Team · Last checked 9 days ago (2026-07-15)
Visit site ↗
Scores — click any row to see our rationale
Fee Friendliness▼9/10

Zero commissions on stocks, ETFs, options, and crypto. Fractional shares from $1. No account minimum.

Ease of Use▼9/10

Clean design, one-tap trades, built for beginners — consistently rated the most intuitive investing app.

What You Can Buy▼5/10

Covers stocks, ETFs, options, and 15+ cryptocurrencies. No mutual funds, bonds, or CDs.

Account Variety▼3/10

Taxable brokerage, Roth, and Traditional IRAs are all free to open. Gold subscription ($5/month) is optional and boosts the IRA match rate from 1% to 3% — it does not gate IRA access.

PROS
✓Start investing with as little as $1 — buy fractions of any stock.
✓The simplest investing app available.
✓Earn interest on uninvested cash — rate depends on account tier.
✓Buy Bitcoin, Ethereum, and 15+ other cryptocurrencies in the same app.
✓No account minimum.
✓Instant deposit up to $1,000 to start trading the same day.
✓No commissions on options trades — other brokers charge $0.65/contract.
✓24/7 live chat support.
CONS
✕IRA match rate is only 1% on the free tier — reaching the 3% match requires the $5/month Gold plan.
✕No mutual funds or bonds.
✕No phone support on the free plan.
✕Trade orders may not always get the best available price due to the PFOF model.
✕No desktop platform — web experience is basic compared to Fidelity or IBKR.
YOU MIGHT ALSO CONSIDER
Fidelity9.3

The most complete brokerage for long-term investors

View Fidelity →
Interactive Brokers8.8

Professional-grade access to every major market

View Interactive Brokers →
Charles Schwab8.0

Full-service brokerage with strong retirement account depth

View Charles Schwab →
COMPARE HEAD-TO-HEAD
Open a Robinhood Account← Back to Online Brokerages
Visit site ↗