![]() Let's dive a little deeper into the features of each. That's the most basic difference between Stash and Robinhood. Lastly, Robinhood also offers a higher tier of trading for those who want to trade on the margin, called Robinhood Gold. Stash also offers cryptocurrency, but not Bitcoin, trading. It only takes a small fraction of the difference between the buy and sell price of every stock.Ī cool thing about Robinhood is that you can invest in cryptocurrency like Bitcoin and Ethereum as well as stocks - though you have no way of transferring your crypto from the exchange to outside wallet. The company charges no commission, inactivity, or transfer fees. It's the pioneer of the commission-free trading wave sweeping other investing apps like WeBull and Charles Schwab. It doesn't share any of the same budgeting or personal finance features of Stash, but that can be a good thing, depending on what kind of trader you are. Robinhood is the simpler, classic stock trading service. The second tier, Stash Growth, adds Roth and traditional IRA options to the package for $3 a month.įinally, there's the $9 per month Stash+ package that accesses even more content and enables you to open investments accounts for your kids. Users get investing and budgeting advice to start. Stash's fees start at $1 a month - that's the first tier called Stash Beginner. And you pay for the level of guidance you want. ![]() ![]() You make most of the decisions, with Stash as your guide. Stash is not simply a robo-advisor that picks stocks for you based on a preset risk level. This app is designed to dive deeper into your personal financial life, helping you budget and grow your knowledge of investing while offering similar trading services to Robinhood. Robinhood comparison is that Stash charges a monthly fee. Off the bat, the first thing you will notice in a Stash vs. The Difference Between Stash and Robinhood Whichever you choose may just depend on what kind of investor you are. It's less intimidating than you might think - these apps can have you buying stocks within minutes of creating an account. They're both all-star apps with their own pros and cons. We're going to talk about the difference between Stash and Robinhood, and which one could be the better option for you to start buying stocks. One of the prime contenders is Stash, a personal finance app that serves a similar purpose, though it does things a little bit differently. There are a few alternative ways to get the power of the New York Stock Exchange in your pocket, though not many. Naturally, traders felt cheated out of their money and lashed out on social media.Ī report in February said 56% of account holders planned to leave the app.īut the simple, fee-less trading brokerage model still presents an enticing outlet for many traders. (NYSE: GME) and a few other stocks changing hands. Many are well aware of the scandal where Robinhood had to halt trading when it couldn't handle volumes of GameStop Corp. The surge in app trading wasn't without its speedbumps, however. They're quick, easy, and most of all, they give traders access to profit. But which is better? We'll show you which comes out ahead in the Stash vs. The Robinhood app alone added 3 million new users in the first quarter of 2020. ![]() Robinhood and Stash have been two of the biggest winners over the last year. Traders, from the most casual to the most serious, are piling into investing apps. Save my name, email, and website in this browser for the next time I comment. Sign me up for the Money Morning newsletter Your email address will not be published. Or to contact Money Morning Customer Service, click here. Comment on This Story Click here to cancel reply. ![]()
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