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.
Key Characteristics of Robinhood and TC2000
| Provider | Platform Type | Tradeable Assets | Charting Features | Data | Premium Pricing |
|---|---|---|---|---|---|
| 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 |
| TC2000 Get $25 Off | Brokerage Platform | Stocks, ETFs, & Options | Downloadable desktop platform, no free options | Must buy real-time data | $8-$50 per month |
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 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.
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
| Provider | DRIP | Margin Trading | Insurance | Mobile App |
|---|---|---|---|---|
| Robinhood Get a Free Stock | Yes, no fees | Yes | SIPC Insured | Yes |
| TC2000 Get $25 Off | No | Yes | SIPC Insured | Yes |
Trading Costs and Commissions Compared
| Fee Type | Robinhood Get a Free Stock | TC2000 Get $25 Off |
|---|---|---|
| Equity Commission | Free | $1 + $0.005 per share |
| Option Commission | Free | $1 + $0.65 per contract |
| Futures Commission | No futures | No futures |
| Futures Options Commission | No futures options | No futures options |
| Option Exercise Fee | None | None |
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
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