Discover our detailed comparison of Barchart and Robinhood to help determine which is best for you. Whether you’re a seasoned trader or just starting out, choosing the right platform can significantly impact your trading experience.
To make your research easier, we manually found key data for Barchart and Robinhood across the internet and compiled it all in this article.
Key Characteristics of Barchart and Robinhood
| Provider | Platform Type | Tradeable Assets | Charting Features | Data | Premium Pricing |
|---|---|---|---|---|---|
| Barchart Visit Site | Charting Software | Not a broker, but you can chart stocks, ETFs, futures, & forex | Downloadable desktop platform and web app with access to indicators and drawing tools for free | Use any time frame for free, but real-time data requires a paid subscription | $89-$140 per month |
| Robinhood Get a Free Stock | Brokerage Platform | Stocks, ETFs, Options, Crypto | Basic charting on mobile and web app | Real-time data with funded account | $5/mo for Gold |
Overview of Barchart
Barchart is a charting platform that allows you to analyze stocks, ETFs, currencies, and futures. You get access to indicators, drawing tools, and all time frames for free, but you must pay for real-time data and other advanced features.
Overview of Robinhood
Robinhood is a popular commission-free brokerage platform that was founded in 2013. It gained significant attention for its user-friendly mobile app and the democratization of investing by eliminating traditional trading fees. Robinhood has attracted a large user base, primarily consisting of millennials and new investors seeking easy access to financial markets.
Who is Barchart Best For?
Barchart is best for swing traders and investors who want free access to a decent charting platform. If you are an active trader, the pricing is quite expensive for real-time data, and the charting isn’t as good as competitors like TradingView and TrendSpider.
Who is Robinhood Best For?
Robinhood is best for beginners who want easy access to stocks, options, and crypto. The mobile app has an amazingly simple design, allowing anybody to take control of their financial future. Robinhood is a great choice for all investors except active traders requiring more advanced charting and order placement tools.
Trading Features and Tools
| Provider | DRIP | Margin Trading | Insurance | Mobile App |
|---|---|---|---|---|
| Barchart Visit Site | Not a broker | Not a broker | Not a broker | Yes |
| Robinhood Get a Free Stock | Yes, no fees | Yes | SIPC Insured | Yes |
Trading Costs and Commissions Compared
| Fee Type | Barchart Visit Site | Robinhood Get a Free Stock |
|---|---|---|
| Equity Commission | Not a broker | Free |
| Option Commission | Not a broker | Free |
| Futures Commission | Not a broker | No futures |
| Futures Options Commission | Not a broker | No futures options |
| Option Exercise Fee | Not a broker | None |
Barchart vs Robinhood – Bottom Line
Choosing between Barchart and Robinhood depends on your specific trading needs, preferred trading tools, and the type of assets you’re interested in.
Both platforms offer distinct advantages, but by considering the detailed comparison above, you can select the one that aligns best with your trading strategy and goals.
For more detailed reviews and comparisons, continue exploring our other articles on brokerage platform comparisons.
What is the Overall Best Charting Software?
I have reviewed and used nearly every trading platform available, and I believe that TradingView is the best overall charting software available. Here are some reasons why:
- All of TradingView’s key features are free to use
- TradingView provides real-time data for free whenever possible
- You are not tied to a single broker and can use whichever you want while charting on TradingView
- You can track all markets on a single platform, including stocks, ETFs, crypto, forex, and futures.
- TradingView has an excellent economic calendar and various screeners
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