Robinhood vs Paxful

Robinhood vs Paxful Comparison Table 2024
Robinhood	Paxful
Review 0.9 We do not recommend trading with Robinhood. Their business practices have harmed traders and their "free" trading offer has been criticized for actually costing their traders millions of dollars.	Paxful has closed.

Robinhood is a stock broker and financial services firm based in California. The broker offers commission-free stocks, cryptos and ETFs, plus other products such as cash cards and retirement accounts. Despite its robust regulation, Robinhood has been involved in numerous scandals and security breaches since 2020. We urge investors to exercise caution.	Paxful is a crypto trading exchange and digital wallet offering low fees and easy sign-up.
Customer Reviews
1 Based on 1 Robinhood customer reviews
Comment by Reviewer
"Robinhood is aimed at traders looking for stocks and crypto investing opportunities with additional perks. However, the brokerage's recent business practices mean the brand isn't a good option if you want a reliable and trustworthy broker."
Pros
Intuitive mobile trading app with 24/7 live support and in-app stock market news Robinhood's 'Snacks' newsletter offers bite-sized financial news updates suitable for beginners Interesting podcast hosted by the CEO and co-founder, covering topics such as blockchain and financial empowerment Robinhood Cash Card offers weekly bonuses invested into stocks, as well as cashback on popular brands
Cons
Limited research and education tools compared to top-rated brokers like IG Previous lawsuits and negative press surrounding the firm's controversial business practices Despite the actual app showing quote data in real-time, data may be delayed by up to 20 minutes Robinhood does not support advanced order types or options trades, while limit orders are collared up to 5% Concerning history of security breaches
Instruments
Stocks, ETFs, ADRs	Cryptos
Demo Account
No	No
Minimum Deposit
$0	0.005 BTC
Trading Platforms
Robinhood Platform	Own
Payment Methods
ACH Transfer Apple Pay Automated Customer Account Transfer Service Credit Card Debit Card Google Wallet	American Express Bitcoin Payments Credit Card Debit Card Ethereum Payments Google Wallet Mastercard Neteller PayPal Przelewy24 Skrill Visa Wire Transfer
Minimum Trade
$1	$10
Regulator
SEC, FCA
Margin Trading
No	Yes
Margin Rate
2.5%
STP Account
No	No
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
No	Yes
Spot Trading
No	Yes
Mobile Apps
iOS & Android	Android & iOS
Auto Trading
No
Copy Trading
No	No
Social Trading
No	No
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$0
Islamic Account
No	No
Account Currencies
USD	USD EUR GBP
Cryptocurrency
Access 18 crypto assets through the Robinhood app with no commission fees, including access to Bitcoin. On the negative side, the selection is not as wide as other brands and security is weak.	Paxful offers buying and selling of the world's leading cryptocurrencies.
Spread
0%	Rates set by vendors
Coins
BTC ETH BCH LTC SOL DOGE BTG OMG XMR QTUM DASH XRP XLM ZEC NEO LSK	BTC ETH USDT
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Paxful has closed.
More Comparisons
Robinhood vs	Paxful vs