It’s no secret that the Voyager app has been a big hit among investors. But how does it compare to Robinhood? Let’s take a closer look.
Voyager vs Robinhood: Overview
First, Voyager is a commission-free trading app that allows investors to buy and sell stocks, options and ETFs. Voyager offers a wide range of tools and features to help users stay informed and make sound investment decisions. These include real-time stock quotes, integrated news stories, portfolio analysis tools and more. Voyager also provides an intuitive user interface and fast order execution.
In comparison, Robinhood is a commission-free stock trading platform that was founded in 2013. In addition to stocks, Robinhood offers fractional shares, options contracts, cryptocurrency and mutual funds. Robinhood has also developed a mobile app to make it easier for users to access their accounts on the go. The app also provides users with real-time market data, commission-free trading and a range of research tools.
Voyager vs Robinhood: Fees
When it comes to fees, Voyager and Robinhood both offer commission-free trading. Voyager also offers a range of services that come at an additional cost such as Voyager Prime which allows investors to trade options and ETFs, Voyager Crypto which allows users to invest in digital assets and Voyager Institutional which provides institutional-grade research.
Similarly, Robinhood also charges for certain services such as margin trading, instant deposits and cryptocurrency trading. Additionally, users can pay a subscription fee for access to premium features such as after hours trading, extended market hours and priority access to customer support.
Voyager vs Robinhood: Support
Both Voyager and Robinhood provide customer support to answer any questions users may have. Voyager offers a dedicated customer support team that is available 24/7 via online chat, email or phone. In addition, Voyager’s website also provides an extensive knowledge base with answers to frequently asked questions.
Meanwhile, Robinhood has a range of resources on its website, such as a help center and an online forum. Additionally, Robinhood has a customer support team that can be contacted via email or social media.
Voyager vs Robinhood: Summary
Overall, Voyager and Robinhood are both great options for investors looking to buy and sell stocks without paying a commission. Voyager offers an extensive range of tools and features as well as fast order execution, while Robinhood is more focused on providing users with a mobile app experience. Both platforms offer commission-free trading, however Voyager offers additional services at an additional cost. Ultimately, which platform is best for you will depend on your individual needs and preferences.
Shawn Abdelal is a financial analyst with an eye for detail and a head for numbers. He has always been interested in the stock market and how it works, and he loves analyzing data to see where investments could be made. Shawn is originally from California, but he has lived in many different places thanks to his work. He is currently based in New York City.