Updated September 29, 2026 · BrokerCue Editorial Team
Robinhood vs Wealthify
What sets them apart
| Compare |  Robinhood |  Wealthify |
|---|---|---|
| Minimum deposit | $0 | £1,000 |
| Markets | Stocks, ETFs, Options, Futures, Crypto | Stocks, ETFs, Bonds, Funds |
| Regulators | Bank of Lithuania (LSC), LT BL, SIPC | Financial Conduct Authority |
| Investor protection | EU ICS up to EUR 20,000 | FSCS up to GBP 85,000 |
| Deposit and withdrawal fees | $100 outgoing transfer | No fees for deposits, withdrawals or transfers |
| Platforms | Robinhood app, Robinhood Legend | Web, iOS app, Android app |
| Account types | IRA, Roth IRA, Joint | ISA, SIPP |
| Stock trade fee | $0 | Not confirmed |
| Account fee | $0 | Not confirmed |
| Inactivity fee | $0 | Not confirmed |
| Margin rate | 3.95% | Not confirmed |
| Options contract fee | $0 | Not confirmed |
| Maximum retail leverage | 10X | Not confirmed |
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Key differences
- Robinhood scores higher overall: 9.4 vs 8.8.
- Regulators: only Robinhood offers Bank of Lithuania (LSC), LT BL, SIPC.
- Regulators: only Wealthify offers Financial Conduct Authority.
- Founded is lower at Robinhood: 2013 vs 2016.
- Markets: only Robinhood offers Options, Futures, Crypto.
- Markets: only Wealthify offers Bonds, Funds.
- Platforms: only Robinhood offers Robinhood app, Robinhood Legend.
- Platforms: only Wealthify offers Web, iOS app, Android app.
- Account types: only Robinhood offers IRA, Roth IRA, Joint.
- Account types: only Wealthify offers ISA, SIPP.
Our verdict on each
Robinhood
Robinhood suits first-time investors and small, regular investors who want nothing charged for holding or trading. It is the cheapest way in on our data, with a minimum deposit of $0, no account fee and no inactivity charge, under the Bank of Lithuania and SIPC.
Wealthify
Wealthify suits UK beginners who want a managed portfolio rather than a dealing account, with a minimum investment of £1,000 to £5,000. The appeal is the managed approach and the ISA and SIPP choice; the drawback is a starting amount well above most rivals.
Score breakdown
| Area | Robinhood | Wealthify |
|---|---|---|
| Cost | 9.6HigherStock trades cost $0, options contracts $0, the account fee is $0 and inactivity is $0. | 8.5Management fee of 0.6%, and a minimum investment running £1,000 to £5,000, both inside the robo-advisor field. |
| Offer | 9.3 | 9.4Higher |
| Trust | 9.3Higher | 8.7 |
Where each is licensed and available
| Country | Robinhood | Wealthify |
|---|---|---|
| Lithuania | Bank of Lithuania (LSC) MiCA CASP 254900GTP4UXQO1UMI36 LT_BL PSD_PI 306377915 | Not confirmed |
| United States | SIPC SIPC member 69916 | Not confirmed |
How they place
| Ranking | Robinhood | Wealthify |
|---|---|---|
| Stock and ETF brokers | 13 of 471 | 190 of 471 |
| Investment platforms and apps | 1 of 86 | 40 of 86 |
| Brokers for beginners | 6 of 88 | 54 of 88 |
Every fact side by side
| Fact | Robinhood | Wealthify |
|---|---|---|
| Features | Crypto, Fractional shares, Options, Futures, Mobile appCovers more | Mobile app |
| Pricing model | Commission free, Low feesCovers more | Low fees |
| Audience | Beginners, Day tradersCovers more | Beginners |
| Legal entity | Robinhood Europe UAB | Wealthify Limited |
| Headquarters | Lithuania | United Kingdom |
| Founded | 2013Lower | 2016 |
| Support channels | Not confirmed | Email, Chat, Phone, Help centre |
Where each stands against the rest
| Fact | Robinhood | Wealthify | Median |
|---|---|---|---|
| Stock trade fee | $0at the median | Not confirmed | $0 |
| Account fee | $0at the median | Not confirmed | $0 |
| Inactivity fee | $0at the median | Not confirmed | $0 |
| Margin rate | 3.95%lowest quarter | Not confirmed | 8.75% |
| Options contract fee | $0lowest quarter | Not confirmed | $0.625 |
Median across 91 listed brokers.
Pros and cons
Robinhood
Pros
- Nothing to pay to open or hold an account, with an account fee of $0 and an inactivity fee of $0
- Trading a share costs $0, so a small first order is not eaten by commission
- You can start with a deposit of $0, lower than most brands on our data
Cons
- Leverage is available at 10X, which magnifies losses as well as gains
- Outgoing transfers carry a charge of $100 outgoing transfer
- Margin borrowing is priced at a margin rate of 3.95%, so interest adds to your cost
Wealthify
Pros
- A management fee of 0.6% sits below the 0.5% to 1.5% charged on Vivid Standard business plans.
- The whole account is reachable through Web, iOS app and Android app, so a phone and a browser cover it end to end.
- Support runs on email, chat and phone, putting phone and chat help alongside email.
Cons
- The minimum investment of £1,000 to £5,000 is well above the $100 entry point at Axos Invest, and Wealthify ranks 68 of 82 brands on this measure.
- The management fee of 0.6% is not the lowest available, since eToro charges a management fee of 0%.
- The account line-up covers isa and sipp only, with no joint, corporate or general investment account in the range.
Who each suits
Robinhood
Who it suits
- Beginners opening a first account with a small deposit
- Day-traders working in options, futures and crypto on mobile
- Retirement investors using an IRA, Roth IRA or joint account
Who should look elsewhere
- Vantage if a flat minimum deposit of $5 suits you better
- CFI if you want forex and CFDs alongside shares, since its markets cover stocks, etfs and forex
- eToro if social copy trading matters more than options and futures
Wealthify
Who it suits
- Beginners who want a portfolio chosen for them and an app in their hand, with Web, iOS app and Android app and an audience of beginners.
- Savers building an ISA or SIPP through isa and sipp who can clear a £1,000 to £5,000 minimum and prefer one recurring charge.
- Readers who value being able to ask a question, with email, chat and phone available across phone, chat and email.
Who should look elsewhere
- Anyone starting below £1,000 to £5,000: Axos Invest takes a managed portfolio minimum of $100, quoted in US dollars.
- Readers whose first question is the smallest ongoing charge: eToro's management fee is 0%.
- Traders who want to place their own orders: Wealthify runs the low fees managed model around portfolios in esg and cash rather than self-directed dealing.
Questions about each
Robinhood
What does it cost to trade shares on Robinhood?+
Trading a share costs $0, and an options contract costs $0. There is also an account fee of $0 and an inactivity fee of $0, so nothing is taken for simply holding the account open. Borrowing on margin is charged at a margin rate of 3.95%, which is the main running cost if you use leverage.
Is there a minimum deposit to open a Robinhood account?+
The minimum deposit is $0, so you can open an account and place a small first order without funding a large balance. It is worth comparing that with the deposits other brands ask for before you commit, since the figure varies widely across the market. Outgoing transfers are charged at $100 outgoing transfer, so factor that in if you plan to move money out early.
Wealthify
What does Wealthify charge?+
Wealthify charges a single management fee of 0.6% on the portfolio it manages, and the same fee applies to both account types in the range. Deposits, withdrawals and transfers are not charged either, so the recurring percentage is the number to hold on to when you compare. There is no order ticket to price on this account.
How much do I need to start with Wealthify?+
The minimum investment runs £1,000 to £5,000, and the minimum deposit is £1,000. That is a high starting point for a robo-advisor: Axos Invest quotes a managed portfolio minimum of $100 in US dollars, and the median minimum across the brands compared is €25. Anyone starting below Wealthify's threshold needs a different provider.
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