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Personal Finance · head to head

Quicken vs Robinhood

Quicken logo

Quicken

Personal Finance

Take control of your finances

From
$3.99/month
Rated
-
Full reviewWebsite
Robinhood logo

Robinhood

Personal Finance

Investing for everyone

From
Free
Rated
-
Full reviewWebsite

The short version

  • Only Robinhood has a free tier, so it costs nothing to try first.
  • Each has a real cost: Quicken quicken Simplifi (cloud version) costs $3.99 annually if billed yearly, but renews at full price $6.99/month unless cancelled before renewal; Robinhood robinhood Gold costs 5 USD a month after a 30 day free trial
  • They diverge on capability: Quicken covers Budget creation, Robinhood covers Commission-free trading.

Where they differ

Only the attributes on which Quicken and Robinhood actually diverge.

Attributes where Quicken and Robinhood differ
AttributeQuickenRobinhood
Starting price$3.99/monthFree
Pricing modelsubscriptionfreemium
Free tierNoYes
PlatformsWeb, iOS, Android, Windows, macOSWeb, IOS, Android
Founded19832013

Identical on both: user rating (Not yet rated), category (Personal Finance).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Quicken

  • Budget creation
  • Bill management
  • Investment tracking
  • Tax planning
  • Investment accounts
  • Credit cards
  • Windows support
  • Mac support

Only in Robinhood

  • Commission-free trading
  • Options trading
  • Crypto trading
  • Fractional shares
  • Crypto wallets
  • Web support
  • Android support

Both cover

  • Bank accounts
  • IOS support

What people use each for

The jobs each tool is most often brought in to do.

Quicken

  • Individuals managing personal finances via Quicken Simplifi cloud app for budgeting and savings trackingnot Robinhood
  • Freelancers and self-employed managing business and personal finances via Quicken Business & Personal plannot Robinhood
  • Users preferring local data storage via Classic desktop editionsnot Robinhood

Robinhood

  • Commission free trading of US stocks and ETFs from a phonenot Quicken
  • Options and futures trading for retail investorsnot Quicken
  • Holding an IRA with a contribution matchnot Quicken

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Quicken

  • Quicken Simplifi (cloud version) costs $3.99 annually if billed yearly, but renews at full price $6.99/month unless cancelled before renewal
  • Renewal pricing significantly higher than introductory rate; annual cost jumps from $47.88 (promotional) to $83.88 (regular renewal)

Robinhood

  • Robinhood Gold costs 5 USD a month after a 30 day free trial
  • The 3.35 percent APY on brokerage cash is available only to Gold subscribers
  • The 3 percent IRA contribution match requires keeping the Gold subscription for one year and leaving the assets in the IRA for five years, and is capped at 225 USD against 2026 contribution maximums
  • Reduced contract fees of 0.50 USD per futures contract and 0.35 USD per index option apply only to Gold subscribers
  • Management fees are waived only above 100K USD in expert managed portfolios

Pricing, plan by plan

Quicken

$3.99/month

No published plan breakdown. See the Quicken review.

Robinhood

Free
  • FreeFree
    • Commission-free trading
    • Real-time data
    • Mobile app
  • Gold$4.99/month
    • All Free features
    • Extended hours trading
    • Premium research

Which should you pick?

Choose Quicken if

  • You need budget creation.
  • You work on Web, iOS, Android, Windows, macOS.
  • You also want bill management.
Quicken review

Choose Robinhood if

  • You need commission-free trading.
  • You want to start without paying.
  • You work on Web, IOS, Android.
  • You also want options trading.
Robinhood review

Questions people ask

Is Quicken or Robinhood better?
Neither clearly leads. Quicken starts at $3.99/month and Robinhood at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Quicken or Robinhood?
Robinhood has a free tier; the other does not. Paid plans start at $3.99/month for Quicken and Free for Robinhood.
Does Quicken or Robinhood run on more platforms?
Quicken runs on Web, iOS, Android, Windows, macOS. Robinhood runs on Web, IOS, Android.
Can I use Robinhood for free?
Yes. Robinhood has a free tier, so you can try it without paying. Quicken starts at $3.99/month.
What is Quicken best used for?
Quicken is most often used for individuals managing personal finances via quicken simplifi cloud app for budgeting and savings tracking, freelancers and self-employed managing business and personal finances via quicken business & personal plan, users preferring local data storage via classic desktop editions. Of those, individuals managing personal finances via quicken simplifi cloud app for budgeting and savings tracking and freelancers and self-employed managing business and personal finances via quicken business & personal plan are not what Robinhood is typically brought in for.
What can Quicken do that Robinhood cannot?
Quicken covers Budget creation, Bill management, Investment tracking, Tax planning. Robinhood covers Commission-free trading, Options trading, Crypto trading, Fractional shares. Both handle Bank accounts, IOS support.
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