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Robinhood vs. TC2000 – A Detailed Comparison

Discover our detailed comparison of Robinhood and TC2000 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 Robinhood and TC2000 across the internet and compiled it all in this article. 

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.

Overview of TC2000

TC2000 is a stock and options trading brokerage that also provides charting, screening, and options charting capabilities. While the software is good, there are various cheaper brokers available that do not charge for equity trading and have lower options commission, such as thinkorswim and tastytrade.

Key Characteristics of Robinhood and TC2000

FeatureRobinhoodTC2000
Platform TypeBrokerage PlatformBrokerage Platform
Tradeable AssetsStocks, ETFs, Options, CryptoStocks, ETFs, & Options
Charting FeaturesBasic charting on mobile and web appDownloadable desktop platform, no free options
DataReal-time data with funded accountMust buy real-time data
Premium Pricing$5/mo for Gold$8-$50 per month

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.

Who is TC2000 Best For?

TC2000 is best for traders who don’t mind paying extra for advanced features like IB SmartRoutingSM, which helps ensure you get the best order fills. However, similar and cheaper brokerages like tastytrade provide excellent order fills, and charge significantly less commissions. If you are looking primiarly for a charting platform, consider using TradingView since most of its features are free to use.

Trading Features and Tools

FeatureRobinhoodTC2000
DRIPYes, no feesNo
Margin TradingYesYes
InsuranceSIPC InsuredSIPC Insured
Mobile AppYesYes

Trading Costs and Commissions Compared

Fee TypeRobinhoodTC2000
Equity CommissionFree$1 + $0.005 per share
Option CommissionFree$1 + $0.65 per contract
Futures CommissionNo futuresNo futures
Futures Options CommissionNo futures optionsNo futures options
Option Exercise FeeNoneNone

Robinhood vs TC2000 – Bottom Line

Choosing between Robinhood and TC2000 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

If you sign up for a TradingView account using my affiliate link, you can get a 30-day free trial of its premium features plus a $15 credit toward your subscription. However, signing up for a free trial is not required, and you can use nearly all of its features with a basic free account. You can read my full review of TradingView to learn more. 

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