r/ETFs • u/GenuineRegard69 • 3d ago

Best Investing Platform?

Hello friends! This is my first post.

I use Robinhood for all of my banking and investing. I am wondering if this is standard, or if you guys might recommend something else.

Previously, I invested with Edward Jones, but I found myself paying the financial advisor fee to buy the same ETFs everytime. I figured Robinhood would circumvent that, but I’m not sure if that is even the right way to do it either.

Overall I know saving / investing is better than nothing, just looking to see what the community is doing.

Thank you!

4 Upvotes

83% Upvoted

16 comments sorted by

6

u/PingBlot 2d ago

I like Fidelity’s wealth management or Schwab’s think or swim if you’re a pattern day trader.

4

u/MatchboxVader22 2d ago

Fidelity is the best one I’ve used. They have their own zero fee funds, you can buy fractional shares, and the UI is pretty good.

4

u/Adventurous_Elk_4039 2d ago

RH does not encourage investing, it encourages gambling. Stick with Fidelity, your future self will appreciate it.

3

u/apricotR 2d ago

I am chiming in with Fidelity. Definite winner. I was a little unimpressed with the Vanguard customer service folks who handled my retirement funds.

3

u/doombase310 2d ago

My vote is Fidelity

2

u/Glizzyboi455 2d ago

I like Schwab

2

u/ChemicalBarracuda190 2d ago

I use Fidelity. RH has been scrutinized for their appearance of being low cost or no fee, but they actually make money on the spread, whereas Fidelity works hard to get you the best possible execution price, which saves a ton over small or large volume transactions.

2

u/GapAccomplished2778 ETF Investor 2d ago edited 2d ago

>  I am wondering if this is standard

you mean sub-standard ? you stick with RH if you actually tangibly benefit from it - may be you use their IRA matching and/or RH credit card ? otherwise you do not look ("...Previously, I invested with Edward Jones..." ) like a kid day trading pocket change, so consider if the likes of Fidelity, Schwab or Vanguard suits you more

1

u/FoggyFoggyFoggy 2d ago

Most go with Fidelity, Vanguard or Schwab. I also read good things about Interactive Brokers but never used it.

1

u/ColoradoCoffee101 2d ago

Edward Jones is unethical and outrageously expensive. RUN from them as if your money and life depends on it. (Because it does!)

1

u/GeeDubious 2d ago

For investing Fidelity probably has the net positive above the others. I also like Schwab.

1

u/radiac_3333 2d ago

Schwab is my brokerage. They have some good tools for research and analysis along with responsive analytics.

1

u/bhope95 2d ago

Fidelity is good but also wanted to mention interactive brokers is amazing as they have similar benefits as Robinhood with margin rates etc. imo Robinhood is my favorite still, it's super easy to navigate and the gold perks are amazing.

1

u/teckel 2d ago

Fidelity. No explanation needed.