How does Fidelity compare to Robinhood in terms of fees, security, and available cryptocurrencies?

1 answers

• Dec 16, 2021 · 3 years ago
  Fidelity and Robinhood differ in terms of fees, security, and available cryptocurrencies. Fidelity charges a commission fee for each trade, which can vary depending on the investment type and account balance. On the other hand, Robinhood offers commission-free trading, making it an appealing option for those looking to minimize fees. In terms of security, both platforms prioritize the protection of user funds and personal information. Fidelity has a long-standing reputation for security and employs various measures such as encryption and multi-factor authentication. Robinhood also implements security protocols, but it has faced some security incidents in the past. When it comes to available cryptocurrencies, Fidelity primarily focuses on major cryptocurrencies like Bitcoin and Ethereum. Robinhood, on the other hand, offers a wider range of cryptocurrencies including smaller altcoins. It's important to consider your trading preferences and priorities when choosing between Fidelity and Robinhood.
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