Stash vs Robinhood 2024
Disclosure
This page may contain affiliate links. This means we earn a small commission (at no additional cost to you) if you purchase a product through our links. Investment apps have revolutionized how both new and experienced investors approach the stock market. Two of the most prominent players in this field right now are Stash and Robinhood.
But how do they stack up against each other?
In this comparison, we’ll break down the features, benefits, and drawbacks of each platform. Both platforms have their unique strengths and stand out in several aspects that we’ll delve into – helping you make an informed investment decision.
| Stash is Better for: | Robinhood is Better for: |
| Best for beginner investors starting with micro-investing. | Perfect for active traders seeking commission-free trades. |
| Tailored for those wanting educational content to guide decisions. | Suited for cryptocurrency trading enthusiasts. |
| Suitable for investors interested in Smart Portfolios. | Ideal for those who prefer real-time trading. |
| Designed for those keen on responsible investing. | Preferred for investors looking for extended trading hours. |
Introducing the Platforms
Stash
Stash, on one hand, positions itself as an all-encompassing investment platform. Beyond the basic investment choices, they pride themselves on offering educational resources, micro-investing options, and customizable Smart Portfolios.
Robinhood
Robinhood, on the other hand, has rapidly become one of the go-to online brokerages for many investors. Its user-friendly interface, lack of trading commissions, and rich features like Robinhood Gold make it a favorite. Especially popular among younger investors, it incorporates cryptocurrency trade, options trading, and extended trading hours.
For a comprehensive overview of Robinhood, check out our full review of the platform.
 |  | |
| Type of Service | Micro-Investing App | Online Brokerage |
| Best Use | Beginner Investor | Active Trading |
| Customer Support | Email, Phone, and in-app Chat | Email & App |
| Fee Structure | Monthly Plans | Commission-Free Trading |
| Educational Resources | Extensive Educational Content | Basic Tutorials |
| Current Promotion | ||
| Modest Money Overall Rating |
| |
| Type of Service | Micro-Investing App |
| Best Use | Beginner Investor |
| Customer Support | Email, Phone, and in-app Chat |
| Fee Structure | Monthly Plans |
| Educational Resources | Extensive Educational Content |
| Current Promotion | |
| Modest Money Overall Rating |
| |
| Type of Service | Online Brokerage |
| Best Use | Active Trading |
| Customer Support | Email & App |
| Fee Structure | Commission-Free Trading |
| Educational Resources | Basic Tutorials |
| Current Promotion | |
| Modest Money Overall Rating |
Factor 1: User Experience and Features
Robinhood shines with its advanced features and customizable alerts
- Stash offers educational content for novice investors.
- Robinhood leads with its seamless UI and feature set.
Robinhood offers a straightforward and intuitive user experience. Features such as real-time trading, extended trading hours, and Robinhood Gold enhance the platform. Additionally, customizable alerts keep investors informed, and options trading is a breeze. The app also incorporates a news feed for financial news, ensuring users stay updated.
Stash, meanwhile, emphasizes educating its user base. With a plethora of educational content, beginner investors can make more informed decisions. The platform also offers Smart Portfolios, which tailors investments based on risk tolerance. Stash is less about active trading and more about setting, forgetting, and learning as you go.
Factor 2: Investment Products and Flexibility
Robinhood offers a wider range, including cryptocurrency trading
- Stash leans towards mainstream stocks and ETFs, focusing on responsible investing.
- Robinhood is preferred for diverse investing options.
Robinhood provides its users with a myriad of investment options. From individual stocks to cryptocurrencies like Bitcoin and Ethereum, the platform caters to both traditional stock market enthusiasts and crypto aficionados. Additionally, Robinhood’s fractional share investing feature allows investors to buy shares of expensive stocks with minimal funds.
Stash, in contrast, is more curated in its offerings. Centered around mainstream stocks and exchange-traded funds, the platform emphasizes responsible investing. While it might not have the same breadth as Robinhood in terms of investment vehicles, its approach to curated, responsible selections can be a draw for some investors.
Factor 3: Fees and Affordability
Robinhood champions commission-free trades and a transparent fee structure
- Stash operates on subscription plans and may have associated management fees.
- Robinhood stands out for its cost-effective trading environment.
With Robinhood, most trades are commission-free. This is especially appealing for active traders and those looking to maximize their returns. Its fee structure is transparent, and there are no hidden costs. The Robinhood Gold subscription, though an optional feature, provides additional benefits like instant deposits and professional research.
Stash adopts a different approach. They charge users based on subscription plans, which might include additional features and benefits. However, these monthly plans, coupled with potential management fees for Smart Portfolios, can add up over time, making Stash slightly less attractive in the cost department.
Factor 4: Educational Resources and Support
Stash shines with its extensive educational content tailored for beginner investors
- Robinhood provides basic tutorials and a financial news feed.
- Stash takes the lead in investor education and support.
Robinhood has always been about democratizing finance, and while it does provide basic tutorials and a financial news feed, its educational resources can be deemed somewhat limited, especially for novice investors.
Stash excels in this area. The platform is abundant with educational content, from articles to tutorials. They are dedicated to ensuring their users, especially those new to investing, have all the resources they need to make informed decisions. Their support channels, including email, phone, and in-app chat, are also commendable.
Factor 5: Security and Trust
Robinhood uses state-of-the-art security measures to safeguard investments
- Stash also places a high emphasis on security, using advanced encryption.
- Both platforms prioritize user security, but Robinhood’s track record gives it an edge.
Robinhood, operated by Robinhood Financial, uses cutting-edge security measures. With two-factor authentication and full encryption, users can be confident that their investments and personal information are protected.
Stash also ensures its users’ safety, partnering with Apex Clearing to provide top-notch security. Data encryption and proactive monitoring are part and parcel of Stash’s commitment to user security.
The Verdict
Both Stash and Robinhood bring unique attributes to the table. Stash, with its emphasis on beginner-friendly features, responsible investing, and extensive educational content, is a great platform for those new to the investment world.
However, Robinhood, with its broad investment options, commission-free trades, and advanced features, offers a more dynamic investing environment. It’s particularly enticing for those keen on active trading and seeking a diverse portfolio.
In conclusion, while Stash has its merits, Robinhood takes the crown in this comparison. If you’re looking to jump into the world of investing or diversify your existing portfolio, Robinhood might just be the platform for you. Click here to sign up to take charge of your financial future.
Learn More About Robinhood