Robinhood vs Fidelity vs Vanguard Comparison 2022 | Pros and Cons, Common Features, Differences | Updated April 29

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Update April 29, 2022

Robinhood Markets, a commission-free brokerage, predicted weaker revenue for the second quarter of 2022 after posting a larger-than-expected loss for the first quarter due to fewer active users.

The disruptive stock-broking app has lost $392 million in the last three months, or 45 cents per diluted share. In the fourth quarter, Robinhood reported revenues of $299 million, down 43 percent from $522 million a year earlier. The figure also decreased from $363 million in the fourth quarter last year.

From 17.7 million during the three months ending March 2021 and 17.3 million during the fourth quarter, monthly active users fell by 10 percent to 15.9 million last quarter. Due to the current market environment, users with lower balances are engaging less, thereby contributing to the sequential decline.

Which is a better place to buy crypto coins from Robinhood vs Fidelity vs Vanguard? You should do comparision and decide based on your needs and the costs you’re willing to pay, especially if you intend to engage in crypto trading. Read for full pros and cons comparison to choose one for yourself.


The Robinhood app would benefit investors who want to execute commission-free transactions in stocks, options, ETFs, and cryptocurrencies. For its fractional share and margin trading products, the brokerage does require a minimum initial deposit, but it does not require a minimum account size for investing. As well as active and day traders, margin traders will also find this platform useful. To buy more expensive investments, you can borrow money from Robinhood Gold.

In addition, Robinhood’s mobile apps and web applications are straightforward to use. Registering for an account entitles you to a free share of stock. Your referrals will also earn you a free share of the company’s stock if they are successful. Robinhood only offers individual taxable brokerage accounts to married couples and other individuals who want to invest together. Cash management accounts are available, but retirement plans, joint accounts, custodial accounts, and education plans are not available. Due to this, you will have difficulty saving for financial goals.


A Massachusetts-based broker-dealer founded in 1946, Fidelity is the largest in the United States. There are currently $6.7 trillion of assets under management in its books.

With Abigail Johnson as CEO, Fidelity is one of the very few Fortune 500 companies with a female CEO. It offers a wide range of financial services, such as a brokerage firm, financial advice, retirement services, index funds, mutual funds, wealth management, and life insurance.

In February 2022, Reuters announced, the British investment manager taps into rising demand for exposure to digital currencies, Fidelity International has launched Europe’s first investment product tracking bitcoin. Tuesday, Fidelity Physical Bitcoin ETP began trading on the Deutsche Börse Xetra for professional and institutional customers in Europe. According to Fidelity, the SIX Swiss Exchange will also introduce a physical bitcoin exchange-traded product (ETP) in the coming weeks.


Vanguard Group is an index-based mutual fund provider with low costs. Jack Bogle founded the company in 1975 after he realized that 80% of actively managed funds did not beat the market’s indexes. No-load mutual fund company Vanguard has evolved into the world’s largest. On the other hand, Vanguard also removed commissions on online stock, option, and ETF trades in January 2020. Vanguard offers standard brokerage services, along with variable and fixed annuities, educational account services, financial planning, asset management, and trust services.

Features Differences

Crypto trades:

  • Only Robinhood offers crypto trading.

Mutual Funds Option:

  • Only Fidelity and Vanguard offer mutual funds options.

Tax Options

  • Robinhood offers only individual taxable accounts.


  • Fidelity has no commissions but charges $0.65/contract.
  • Vanguard: No commissions, but charges $1/contract.
  • Robinhood: free

Feature Similarities

Minimum investment:

  • There is no minimum investment requirement for Robinhood, Fidelity, and Vanguard.
  • Commission-free trading for online stocks, and exchange funded trades (EFTs).
  • All three have taxable accounts.

Customer Support

Fidelity has chatbots on their website and QA section which you can check to find answers, or call on their number for urgent support. Robinhood has a support and help center email address where you can contact with your queries. Vanguard invested more in their customer support than the former two and has set up a support level for each type of account with a dedicated phone line open during working hours only.


Robinhood, Fidelity, and Vanguard have has invested in basic security and protection systems against hackers and intruders, but one has invested and focused more than the others.

  • Fidelity has implemented an advanced 2-factor authentication system that verifies identity in addition to successful verification of credentials.
  • Robinhood has a basic level of authentication security.
  • Vanguard uses security questions, time-out features, sends emails to the registered email addresses on every transection, and more to ensure their security.


Robinhood is a good option for young investors who want to trade and manage their accounts themselves. By eliminating broker commissions from the equation, crypto and derivatives traders can save money. Robinhood offers fractional shares and does not require a minimum account balance for investors with smaller portfolios. Robinhood is an excellent choice for crypto, derivative, and fractional share investors.

Vanguard is a good option for long-term investors looking for high gains through brokerage services. For passive, long-term investors seeking more than a typical taxable account, Vanguard is a good choice. Investors who are interested in buying the Vanguard family of funds without commissions can go with Vanguard because it offers a suite of highly rated mutual funds. Tax-advantaged accounts can be used to hold each of these funds, potentially saving investors money.

Fidelity has the best of both as it enables investors to manage accounts themselves with brokerage services available and want to grow with time as their earnings and investments grow.


Information on this page should not be construed as financial advice, investment advice, trading advice, or any other form of advice, and it should not be taken as such. We do not recommend the purchase, sale, or holding of any specific cryptocurrency or any crypto investment on this site. It is a high-risk market with high-risk and unproven projects. Before making any investment decisions, readers should conduct their research and speak to a professional financial advisor. No investment advice is given by or is not a brokerage company.

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