Over the past few years, the investing habits of the people have grown exponentially. And if we lend our eyeballs to the market, we will see there is a rise in brokerage platforms in the same ratio. To meet the investing demands of the customers, brokerage platforms customize their services. No matter if you are a novice or an experienced one in trading or investment, these firms have a lot of things to offer for everyone. Robinhood and Jellyfin are the two famous brokerage firms or trading platforms available in the financial market. So you might have some confusion regarding which one is better to opt for in 2021.
Let me tell you, both are good for investments, but if you want to choose the one, go with Robinhood. It offers new and updated features, allows traders to trade in crypto, and it is affordable of course.
Both platforms offer tons of features to their users that help in opening the gates of profit for them. In this article, we will discuss RobinHood and Jellifin and learn which platform has the better involvement with the traders and investors, their fees, and services. So let’s dive right in.
You can also check out Remove Pattern Day Trader Status in Robinhood.
Jellifin is a commission-free investment platform available for traders and investors. As a trader, you can trade in ETFs, options, and stocks that too without paying commission for them. Jellifin offers its users to access unlimited daily cash accounts, premium options for trading, and real-time data that provide investment flexibility.
If you want to trade in ETFs and stocks, you need not pay for any monthly membership. And if you want to enjoy the trading and market data streaming you can go with its premium subscription.
If you want to trade in stocks and ETFs you need not pay any fee as we have seen in most of the platforms. But if you want to trade-in options you have to pay an additional monthly fee of $40. To research the market Jellifin app provides access to its customers to the “tick-by-tick” data option which helps the traders in getting market data. For this plan, you have to pay a fee of $ 19.94. And if you want to transfer your account from Jellifin to other platforms you have to pay a transfer fee of $75.
Here is the fee structure of Jellifin
|Stock and ETFs||$0|
|Stocks, ETFs, + Options||$40|
|Outgoing Account transfer||$75|
Robinhood is one of the most famous commission-free investment apps and web platforms. Together with trade stocks, options and ETFs, investors can trade in cryptocurrencies even at zero commission fee. To maximize the user experience Robinhood always adds new features to its app, even recently they have added recurring investment and DRIP features to the app.
Opening an account with Robinhood is very easy, you need not pay any fee to open the account. To get in-depth market analysis and access to new research you can choose a premium plan named Gold worth a fee of $5 per month.
You can start trading with Robinhood even if you are a beginner or you just have a smartphone. You will find their mobile app more intensive than the usual basic web platform available in the market. Due to the unavailability of bonds and mutual funds, you can open a taxable investment account only with Robinhood.
Robinhood is the cheapest of all the trading platforms out there. They are always true to their wordings of commission-free trading. Here you can see the fee structure of Robinhood.
|Stock and ETFs||$0|
|Stocks, ETFs, + Options||$0|
|Outgoing Account transfer||$75|
As we have shown you the trading fee structure of both platforms. Both are flexible, easy, and are beginner-friendly. But again it is up to the investor with which platform he wants to go as per his needs and requirements.
So why not compare both? Let’s check it out.
|Stocks and ETFs||$0||$0|
|Stock, ETFs, + Options||$0||$40|
|Outgoing Account Transfer||$75||$75|
I think this is the toughest question to answer. Both apps have a great service provider and you have to choose the one. For this, you need to go deeper and point out those features which you need the most, and based on those features choose the one.
To compare both of the apps, you can compare them based on their features, fee structures, advantages, and disadvantages, etc.
Let’s get started.
If the number of accounts you can open or you are going to open with these platforms is your priority then this point will give you a suitable answer.
If you are comparing these apps based on accounts, go with Jellifin. You can open multiple accounts with Jellifin. These accounts include Roth IRAs, joint and traditional IRAs. And the best part is, you can access all these accounts from a single tap.
And when it comes to Robinhood, you can open only one taxable investment account. Even for the cash account, Jellifin is again the winner. Most of the novice and small investors demand a cash account and Jellifin gives them what they want. On the other hand, Robinhood does not provide this account service.
Customer service is one of the most important parts of any business. If any business can provide the best customer service then it might be out of the competition sooner or later. And this is the reason why Robinhood is losing its customers. They offer very low support to its customers, whether it is ticket generation or e-mail support they are lacking everywhere. On the other hand, jellifin provides amazing customer service with quick and helpful support.
When it comes to data. Robinhood also lacks here. They never publish their business stats, and even their premium customers (Gold plan) have limited access to research even after paying $ 5 per month. Whereas Jellifin provides clear stats and extensively researched data to its customers.
Both the platforms promote commission-free trading to their customers. In some cases, Robinhood charges fewer fees as compared to Jellifin. Rest you can check the table we have provided in the upper section.
As we know cryptocurrencies are one of the dominating powers in the financial market. Everybody is looking forward to investing in cryptos. And the platforms that offer an investment into cryptocurrencies are the most popular ones. And here Robinhood wins. Robinhood offers a section named Robinhood crypto, where you can trade in cryptocurrencies like Bitcoin, Dogecoin, Ethereum, etc.
On the other hand, Jellifin offers trading only in stocks, ETFs, and Options.
Both Robinhood and jellifin are user-friendly depending on the functionalities that suit you. If you are an inexperienced investor or a beginner you can go with Robinhood. It is very simple and systematic. It caters to all the basic needs of the investors.
Jellifin on the other hand is suitable for both beginners and advanced level investors. If you have a smartphone, you can do much with Jellifin. From extensive research to access real-time data, you can easily manage your accounts, moreover, you can even customize your app as per your requirements.
Robinhood always tries to introduce new features and updates in its app to attract and retain more and more customers. They have recently launched DRIP (Dividend Investment Program) and Recurring Investments for their customers so that traders can schedule their amounts and invest where they want.
On the other hand, Jellifin partnered with merchants in 2021, apart from this they haven’t introduced any feature to its app.
So, from the above analysis, you might understand the difference between Jellifin and Robinhood. Both are doing well in their field. And are good as per the customer’s requirements. But again if you want to choose the one, you can go with Robinhood. The major thing I like about Robinhood is we can trade in Cryptocurrency and the second one is it is beginner-friendly. Now it is your turn to choose the best as per your needs required specifications.
Hope you like the information we have shared in this blog, if you still have any questions in mind, comment below, we would love to solve your queries.