Robinhood Competitors Overview
Robinhood is a popular discount brokerage that provides various financial products and trading tools. However, Robinhood faces strong competition from Charles Schwab, Fidelity, and JP Morgan.
So how do Robinhood’s main competitors compare? Let's find out.
Robinhood Competitors Cost
No-cost Mutual Funds and ETFs
Schwab gives clients access to over 4,600 OneSource mutual funds without loads or transaction fees.
Fidelity provides more than 10,000 mutual funds, including 3,375 without transaction fees, many of which are also load-free.
JP Morgan's mutual fund screener shows over 3,600 mutual funds available to new investors. All of these funds have no fees for buying or selling.
Additionally, each broker offers all ETFs commission-free.
Research
Schwab offers extensive research on stocks, ETFs, and mutual funds. Customers receive free stock reports from providers like Morningstar, S&P Capital IQ, Thomson Reuters, and Credit Suisse. Fidelity also provides many research tools with high-quality reports from independent companies.
JP Morgan’s website features good charting tools. Users can compare charts for stocks, ETFs, and commodities—a feature not often found. Chart types include OHLC bars, mountain, and candlestick views.
Customer Service
Schwab provides customer service through online chat, phone, fax, and email. Phone support is available 24/7, and representatives are known for being knowledgeable and helpful. Schwab also operates over 450 physical branch offices across the U.S., appealing to investors who prefer face-to-face interaction.
JP Morgan's customer service operates by phone from 7am to 10pm ET every day. Representatives can also be contacted through online chat.
Fidelity customer support can be reached via online chat or phone. Phone support is available 24/7, and chat support is open daily from 8:00 am to 10:00 pm EST.
Trading Tools
Schwab’s website is easy to navigate. It has a basic trading bar that shows charts but doesn’t support trade placement. Schwab also provides an advanced browser-based trading platform, plus the Thinkorswim platform, a standalone program considered one of the best available.
JP Morgan’s website is very user-friendly and enjoyable to use. It also offers a browser-based trading platform available to all clients at no extra cost. A convenient trading ticket is located at the bottom of JP Morgan’s investment webpage.
Fidelity’s website is straightforward and simple. Users can quickly place trades using a trading ticket on the site. Active traders have access to an advanced trading platform. Fidelity also recently launched an app for Apple TV.
Mobile Trading
Schwab has mobile apps for Android, iPhone, iPad, and mobile web browsers. The mobile interface is intuitive and easy to use. Customers can transfer money between Schwab and external accounts, place trades, deposit checks via mobile, and contact customer support.
Charles Schwab’s competitors also provide mobile trading apps. Fidelity has a specialized app for Windows 8, which some users might find helpful.
JP Morgan clients can use the Chase Bank mobile app, which includes investment features. It allows trading stocks, ETFs, and options. Limited market news is provided. The app includes charting tools with historical price data, technical analysis, and comparisons. It also displays option chains.
Schwab's Pros and Cons
Among Robinhood’s competitors, Charles Schwab stands out with the best selection of mutual funds without transaction fees or loads. Its mobile app is excellent compared to competitors. Schwab’s numerous physical locations appeal to investors looking for personal financial guidance.
Our Recommendations
Beginner Investors: we suggest JP Morgan and Charles Schwab.
IRA accounts: all three brokers.
Stocks/ETFs Traders: Charles Schwab.
Options Traders: Charles Schwab.
Long Term, Inactive Investors: all three brokers.
Mutual Funds Investors: all three brokers.
Charles Schwab: Satisfaction guarantee, ACAT reimbursement, and $0-fee trades at Charles Schwab.
Open Schwab Account
Robinhood:
Up to $200 free stock + 3% IRA match + transfer fee refund at Robinhood.
Open Robinhood Account
Updated on 1/17/2026.
Continue Reading