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Software · head to head

Remitly vs Robinhood

Remitly logo

Remitly

Software

Send money faster to loved ones abroad

From
On request
Rated
-
Full reviewWebsite
Robinhood logo

Robinhood

Software

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: Remitly no fee schedule, exchange rate margin or transfer limit is published; the cost is disclosed only after starting a transfer for a specific corridor; Robinhood robinhood Gold costs 5 USD a month after a 30 day free trial
  • They diverge on capability: Remitly covers International remittances, Robinhood covers Commission-free trading.

Where they differ

Only the attributes on which Remitly and Robinhood actually diverge.

Attributes where Remitly and Robinhood differ
AttributeRemitlyRobinhood
Starting priceOn requestFree
Pricing modeltransactionfreemium
Free tierNoYes
Founded20112013

Identical on both: platforms (Web, IOS, Android), user rating (Not yet rated), category (Unknown).

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 Remitly

  • International remittances
  • Multiple delivery methods
  • Send money to 200+ countries
  • Currency conversion

Only in Robinhood

  • Commission-free trading
  • Options trading
  • Crypto trading
  • Fractional shares
  • Crypto wallets

Both cover

  • Bank accounts
  • Web support
  • IOS support
  • Android support

What people use each for

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

Remitly

  • Sending cross border remittances from a phone or browsernot Robinhood
  • Delivering funds to bank accounts, cash pickup and mobile wallets abroadnot Robinhood

Robinhood

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

Where each one falls short

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

Remitly

  • No fee schedule, exchange rate margin or transfer limit is published; the cost is disclosed only after starting a transfer for a specific corridor
  • The Express and Economy delivery options have no published price difference

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

Remitly

On request
  • Express$undefined/month
    • Fast transfers
    • Multiple delivery methods
  • Economy$undefined/month
    • Lower cost option
    • 3-4 day delivery

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 Remitly if

  • You need international remittances.
  • You work on Web, IOS, Android.
  • You also want multiple delivery methods.
Remitly 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 Remitly or Robinhood better?
Neither clearly leads. Remitly starts at On request and Robinhood at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Remitly or Robinhood?
Robinhood has a free tier; the other does not. Paid plans start at On request for Remitly and Free for Robinhood.
Does Remitly or Robinhood run on more platforms?
Both run on Web, IOS, Android, so platform support will not decide this one for you.
Can I use Robinhood for free?
Yes. Robinhood has a free tier, so you can try it without paying. Remitly starts at On request.
What is Remitly best used for?
Remitly is most often used for sending cross border remittances from a phone or browser, delivering funds to bank accounts, cash pickup and mobile wallets abroad. Of those, sending cross border remittances from a phone or browser and delivering funds to bank accounts, cash pickup and mobile wallets abroad are not what Robinhood is typically brought in for.
What can Remitly do that Robinhood cannot?
Remitly covers International remittances, Multiple delivery methods, Send money to 200+ countries, Currency conversion. Robinhood covers Commission-free trading, Options trading, Crypto trading, Fractional shares. Both handle Bank accounts, Web support, IOS support, Android support.
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