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Robinhood vs Cash App

Robinhood logo

Robinhood

Software

Investing for everyone

From
Free
Rated
-
Full reviewWebsite
Cash App logo

Cash App

Software

Money sent in seconds

From
Free
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Robinhood robinhood Gold costs 5 USD a month after a 30 day free trial; Cash App the App Store listing states free ATM withdrawals and up to 200 dollars in free overdraft coverage on the Cash App Card are only available once a user qualifies for Green status, not to all users by default.
  • They diverge on capability: Robinhood covers Commission-free trading, Cash App covers Money transfers.

Where they differ

Only the attributes on which Robinhood and Cash App actually diverge.

Attributes where Robinhood and Cash App differ
AttributeRobinhoodCash App
Pricing modelfreemiumfree
PlatformsWeb, IOS, AndroidIOS, Android

Identical on both: starting price (Free), free tier (Yes), user rating (Not yet rated), category (Unknown), founded (2013).

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 Robinhood

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

Only in Cash App

  • Money transfers
  • Direct deposit
  • Bitcoin trading
  • Stock investing
  • Cash Card

Both cover

  • Bank accounts
  • IOS support
  • Android support

What people use each for

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

Robinhood

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

Cash App

  • Budget Managementnot Robinhood
  • Expense Trackingnot Robinhood
  • Investment Trackingnot Robinhood

Where each one falls short

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

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

Cash App

  • The App Store listing states free ATM withdrawals and up to 200 dollars in free overdraft coverage on the Cash App Card are only available once a user qualifies for Green status, not to all users by default.

Pricing, plan by plan

Robinhood

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

Cash App

Free
  • FreeFree
    • Money transfers
    • Direct deposit
    • Mobile app
  • Cash App Investing$undefined/month
    • Stock trading
    • Bitcoin trading

Which should you pick?

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

Choose Cash App if

  • You need money transfers.
  • You want to start without paying.
  • You work on IOS, Android.
  • You also want direct deposit.
Cash App review

Questions people ask

Is Robinhood or Cash App better?
Neither clearly leads. Robinhood starts at Free and Cash App at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Robinhood or Cash App?
Robinhood starts at Free and Cash App at Free.
Does Robinhood or Cash App run on more platforms?
Robinhood runs on Web, IOS, Android. Cash App runs on IOS, Android.
Can I use Robinhood for free?
Both have a free tier, so you can try either at no cost before committing.
What is Robinhood best used for?
Robinhood is most often used for commission free trading of us stocks and etfs from a phone, options and futures trading for retail investors, holding an ira with a contribution match. Of those, commission free trading of us stocks and etfs from a phone and options and futures trading for retail investors are not what Cash App is typically brought in for.
What can Robinhood do that Cash App cannot?
Robinhood covers Commission-free trading, Options trading, Crypto trading, Fractional shares. Cash App covers Money transfers, Direct deposit, Bitcoin trading, Stock investing. Both handle Bank accounts, IOS support, Android support.
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