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Robinhood vs Citi Self Invest 2024

StockBrokers.com

Written by StockBrokers.com

October 30, 2024

In this head to head comparison of Robinhood vs Citi Self Invest, we will compare the trading platforms, mobile apps, investment options, costs, market research, and more. Let's dive in.

Robinhood
4/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.00
Citi Self Invest
3.5/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): N/A

Investment options

When comparing Robinhood and Citi Self Invest, it's clear there are distinct differences in the range of investment options available to account holders, with Robinhood taking a slight edge overall. Rated 3.5 stars for investment options compared to Citi Self Invest's 2.5 stars, Robinhood ranks 14th out of 18 brokers on StockBrokers.com, while Citi Self Invest trails at 18th. This reflects Robinhood's broader appeal and expanded offerings in areas like cryptocurrency and options trading, which are not available with Citi Self Invest.

Both Robinhood and Citi Self Invest provide standard stock trading and support traditional and Roth IRA accounts, making them accessible choices for investors looking to build or manage retirement savings. However, Robinhood offers a more diversified suite of trading options, including margin trading, fractional shares, crypto trading with 20 available coins, and options trading. These features cater to active traders and those interested in exploring non-traditional investments. On the other hand, Citi Self Invest includes mutual funds, catering to those preferring more traditional investment avenues.

Neither platform provides advisor services, OTC stocks, forex, or futures trading, which means investors looking for personalized investment advice or broader trading opportunities might need to look elsewhere. Despite these limitations, Robinhood's inclusion of margin and crypto trading options, alongside fractional shares and options trading, positions it as a more versatile platform compared to Citi Self Invest, which remains focused on traditional stock and mutual fund offerings without the added complexities of more diversified trading options.

Feature Robinhood logoRobinhood
Citi Self Invest logoCiti Self Invest
Stock Trading info Yes Yes
Margin Trading Yes No
Fractional Shares info Yes No
OTC Stocks info No No
Mutual Funds info No Yes
Options Trading info Yes No
Futures Trading info No No
Crypto Trading info Yes info No
Crypto Trading - Total Coins info 20 0
Investment Options 3.5/5 Stars 2.5/5 Stars

Dive deeper: Best Options Trading Platforms for 2024, Best Futures Trading Platforms for 2024

Trading platforms and tools

When evaluating online trading platforms, Robinhood emerges as the more feature-rich option compared to Citi Self Invest, as evidenced by its higher rating and ranking by StockBrokers.com. With features like the ability to adjust open orders directly on stock charts, add notes and index overlays, set custom date ranges, and save multiple chart profiles, Robinhood outshines its competitor by offering tools that cater to a more engaged trading experience. In contrast, Citi Self Invest lacks these functionalities, and its lower rating reflects the absence of vital chart customization tools and technical indicators that may be appealing to more analytical traders.

Both Robinhood and Citi Self Invest provide traders with browser-based platforms for trading, yet neither offers downloadable desktop platforms for Windows or Mac users. This shared limitation may affect traders seeking robust desktop functionalities associated with traditional trading setups. Furthermore, both platforms do not support paper trading or maintain a trading journal, which could be a drawback for beginners looking to practice or for experienced traders wanting to log their trading history for analysis.

Robinhood's offering includes 16 technical indicators and 23 drawing tools, highlighting its advantage over Citi Self Invest's lack of any technical indicators or drawing tools. This makes Robinhood a more attractive choice for traders who depend on technical analysis and charting features to inform their trading decisions. Additionally, Robinhood's provision of three columns for watch lists contrasts with the absence of such organizational tools in Citi Self Invest, ultimately providing a more comprehensive user experience for monitoring market movements. Despite these capabilities, Robinhood still holds a mid-tier ranking, indicating that while it surpasses Citi Self Invest, there is room for improvement within the broader market of trading platforms.

Feature Robinhood logoRobinhood
Citi Self Invest logoCiti Self Invest
Web Trading Platform info Yes Yes
Desktop Trading Platform info No No
Desktop Platform (Mac) info No No
Paper Trading info No No
Watch Lists - Total Fields info 3 0
Charting - Indicators / Studies info 16 0
Charting - Drawing Tools info 23 0
Platforms & Tools 3/5 Stars 2.5/5 Stars

Dive deeper: Best Stock Brokers & Trading Platforms for 2024, Best Paper Trading Platforms for 2024

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Beginners and education

When it comes to investor education for beginners, Robinhood and Citi Self Invest offer distinct capabilities. Robinhood shines by providing comprehensive educational resources on stocks, ETFs, and options, although it lacks content on mutual funds and bonds. The platform also enhances learning through webinars, which cater to interactive educational experiences. However, Robinhood does not support paper trading or educational quizzes, and it does not offer features to track learning progress. Despite these limitations, Robinhood achieves a commendable education rating of 3.5 stars and is ranked number 10 out of 18 brokers by StockBrokers.com in education.

On the other hand, Citi Self Invest falls short in beginner education with no available resources for stocks, ETFs, options, mutual funds, or bonds. While Citi Self Invest does feature educational quizzes and the ability to track your learning progress, it lacks webinars, educational videos, and paper trading options to support diverse learning needs. With a low rating of 1.5 stars in education, Citi Self Invest is ranked 18th out of 18 brokers, highlighting a significant gap in educational offerings compared to Robinhood.

Feature Robinhood logoRobinhood
Citi Self Invest logoCiti Self Invest
Education (Stocks) info Yes No
Education (ETFs) info Yes No
Education (Options) info Yes No
Education (Mutual Funds) info No No
Education (Bonds) info No No
Paper Trading info No No
Videos info No No
Webinars info Yes No
Education 3.5/5 Stars 1.5/5 Stars

Dive deeper: Best Stock Trading Platforms for Beginners of 2024

Stock trading apps

When it comes to choosing between Robinhood and Citi Self Invest for stock trading app capabilities, Robinhood emerges as the more user-friendly and feature-rich option. Robinhood offers an impressive suite of features including an Apple Watch app, mobile after-hours stock trading, options trading, streaming quotes, stock alerts, and customizable watch lists, which positions it ahead of Citi Self Invest. Rated 4.5 stars, Robinhood ranks #9 out of 18 brokers surveyed by StockBrokers.com, outshining Citi Self Invest's 3-star rating and #17 ranking.

Both Robinhood and Citi Self Invest provide stock trading apps available on iPhone and Android devices, allowing for broad accessibility. However, Robinhood extends its app range with an Apple Watch app, a feature not supported by Citi Self Invest. When it comes to advanced trading functionalities, Robinhood not only supports mobile after-hours stock trading but also allows mobile options trading and offers the advantage of after-hours charting. Citi Self Invest lags behind, not providing options trading and after-hours trading via its mobile platform.

In terms of user interface and experience, Robinhood delivers more comprehensive tools for stock analysis and personalized tracking. It supports streaming quotes and allows users to create and customize watch lists, offering six technical studies for charting. In contrast, Citi Self Invest allows watch list creation and multiple time frames for charting but lacks the ability to customize watch list columns and does not offer technical studies. This rich feature set makes Robinhood's app more appealing to both novice and experienced traders.

Feature Robinhood logoRobinhood
Citi Self Invest logoCiti Self Invest
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info Yes No
Stock Alerts info Yes No
Charting - After-Hours info Yes No
Charting - Technical Studies info 6 0
Mobile Trading Apps 4.5/5 Stars 3/5 Stars

Dive deeper: Best Stock Trading Apps for 2024

Fees

When comparing Robinhood and Citi Self Invest regarding account fees and charges, both platforms offer appealing features for their users, though they cater to different needs. Robinhood stands out with its truly commission-free trades on stocks and options, along with accessible options contracts where Citi Self Invest does not offer this service. Additionally, Robinhood charges no annual or closure fees for IRAs, though it does impose a higher fee for account transfers compared to Citi Self Invest. Citi Self Invest, on the other hand, maintains similarly competitive offers with no minimum deposit requirements or fees for regular stock trades but lacks the breadth of margin offerings and options activities provided by Robinhood. Thus, your choice may largely depend on the specific trading tools and account services you prioritize.

Both Robinhood and Citi Self Invest require no minimum deposit, providing an attractive entry point for new investors. Fees for regular stock trades are non-existent across the board on both platforms, so users can trade freely without worrying about incurring additional costs. Robinhood's strong suit lies in its free options trading, which Citi Self Invest does not provide, further enhancing its appeal. However, for margin accounts, Robinhood offers varying interest rates starting from 6.25% for balances below $25,000, a feature not available with Citi Self Invest.

When it comes to administrative charges, Robinhood maintains a fee-free structure for IRA accounts, whereas Citi Self Invest charges a $95 fee on IRA closures. This is mirrored in account transfer fees, where Robinhood fees are slightly higher than those of Citi Self Invest at $100 for both partial and full account transfers compared to $95 from Citi Self Invest. Therefore, users more focused on minimizing transfer-related costs might lean towards Citi Self Invest, while those interested in trading options and seeking a more comprehensive margin account service might find Robinhood more aligned with their trading strategies.

Feature Robinhood logoRobinhood
Citi Self Invest logoCiti Self Invest
Minimum Deposit $0.00 $0.00
Stock Trades $0.00 $0.00
Options (Per Contract) $0.00 N/A
Options Exercise Fee $0.00 N/A
Options Assignment Fee $0.00 N/A
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $0.00 $95.00
Commissions & Fees 4.5/5 Stars 4.5/5 Stars

Dive deeper: Best Free Trading Platforms for 2024

Day Trading

When it comes to day trading capabilities, both Robinhood and Citi Self Invest present limited features for active traders. Neither platform offers streaming time and sales for stocks or live TV, and both lack the option of direct market routing, which is a crucial component for traders seeking precise control over their orders. Moreover, essential trading tools such as level 2 quotes, trading hotkeys for keyboard entries, and comprehensive strategy backtesting are not available on either platform, potentially hindering traders who rely on these functionalities to succeed in fast-paced trading environments.

Robinhood, however, does provide one advantage over Citi Self Invest by offering ladder trading, a tool that can aid in visualizing and managing trades effectively. Still, both platforms fall short with features that cater to serious day traders, as neither offers a short locator tool to view real-time stock availability for shorting, nor do they provide order liquidity rebates. These gaps can make more seasoned day traders lean towards other brokerage options that provide more robust and comprehensive trading tools and features.

Feature Robinhood logoRobinhood
Citi Self Invest logoCiti Self Invest
Streaming Time & Sales info No No
Streaming TV info No No
Direct Market Routing - Stocks info No No
Level 2 Quotes - Stocks info No info No
Trade Ideas - Backtesting info No No
Trade Ideas - Backtesting Adv info No No
Short Locator info No No

Dive deeper: Best Day Trading Platforms for 2024

Market Research

When evaluating market research capabilities, both Robinhood and Citi Self Invest stand on even footing in many respects, earning a shared rating of 2.5 stars out of five. They both offer essential research features like stock and ETFs research, yet neither provides resources for mutual funds or bonds research. Robinhood takes a slight edge in its capabilities to screen stocks for trade ideas, a feature not available with Citi Self Invest. However, Citi Self Invest has the advantage of allowing users to see their portfolio allocation by asset class, a perspective lacking in Robinhood's offerings. Despite these differences, both platforms rank closely in market research, with Robinhood at #14 and Citi Self Invest at #15, according to StockBrokers.com.

Both Robinhood and Citi Self Invest provide research on Pink Sheets and OTCBB, offering traders access to less conventional markets. Yet, they both fall short in offering downloadable PDF reports on stocks, ETFs, or mutual funds, as well as critical ESG insights. An area of parity is that neither platform leverages social media sentiment data, which could be a significant source of qualitative insights.

In expanding market research tools, Robinhood's stock screener stands out as a useful utility for those forming trade strategies, while Citi Self Invest compensates by offering a thorough view of portfolio allocation. Despite these distinctions, features such as ETF, mutual fund, or bond screening remain absent from both platforms, potentially limiting comprehensive trade decision-making.

Feature Robinhood logoRobinhood
Citi Self Invest logoCiti Self Invest
Research - Stocks info Yes Yes
Screener - Stocks info Yes No
Research - ETFs info Yes Yes
Screener - ETFs info No No
Research - Mutual Funds info No No
Screener - Mutual Funds info No No
Research - Bonds info No No
Screener - Bonds info No No
Research 2.5/5 Stars 2.5/5 Stars

Banking

When evaluating the banking capabilities of Robinhood versus Citi Self Invest, several distinctions become clear. Robinhood lacks traditional banking services, as it does not offer checking accounts, savings accounts, credit cards, or mortgage loans, though it does provide users with debit cards. On the other hand, Citi Self Invest offers a more comprehensive suite of banking services, including checking accounts, savings accounts, debit cards, credit cards, and mortgage loans, making it a more versatile option for users seeking a broader range of financial products. However, both platforms do not currently offer Certificates of Deposit (CDs). This comparison highlights Citi Self Invest's stronger alignment with traditional banking offerings, while Robinhood remains primarily an investment-focused platform.

Feature Robinhood logoRobinhood
Citi Self Invest logoCiti Self Invest
Checking Accounts info No Yes
Savings Accounts info No Yes
Debit Cards info Yes Yes
Credit Cards info No Yes
Mortgage Loans info No Yes
CDs info No No

Dive deeper: Best Bank Accounts for Trading Stocks for 2024

Winner

After opening live accounts and testing 18 of the best online brokers, our research and live account testing finds that Robinhood is better than Citi Self Invest. Robinhood finished with an overall score of 84.5%, while Citi Self Invest finished with a score of 70.6%.

Robinhood is very easy to use and its educational content is a joy to read. But, in today’s competitive market for your investing dollars, there are several more compelling options among brokerages.

FAQs

Can you trade cryptocurrency with Robinhood or Citi Self Invest?

When comparing Robinhood and Citi Self Invest, Robinhood stands out by offering crypto trading with access to 20 different coins, while Citi Self Invest does not provide crypto trading options.

Dive deeper: Best Online Brokers for Crypto Trading in 2024

Does Robinhood or Citi Self Invest offer IRAs?

Robinhood and Citi Self Invest both offer traditional and Roth IRA accounts with no annual fees, but while Robinhood does not charge a closure fee for IRA accounts, Citi Self Invest imposes a $95 closure fee.

Dive deeper: Best IRA Accounts for 2024

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Compare

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Overall Rating Robinhood Citi Self Invest
Overall 4/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 3.5/5 Stars 2.5/5 Stars
Platforms & Tools 3/5 Stars 2.5/5 Stars
Mobile Trading Apps 4.5/5 Stars 3/5 Stars
Research 2.5/5 Stars 2.5/5 Stars
Customer Service N/A N/A
Education 3.5/5 Stars 1.5/5 Stars
Ease Of Use 5/5 Stars 4.5/5 Stars
Winner check_circle
Review Robinhood Review Citi Self Invest Review
Broker Screenshots Robinhood Citi Self Invest
Trading Platform & Tools Gallery (click to expand)
Research Gallery (click to expand)
Mobile Trading Apps Gallery (click to expand)
Education Gallery (click to expand)
Trading Fees Robinhood Citi Self Invest
Minimum Deposit $0.00 $0.00
Stock Trades $0.00 $0.00
Penny Stock Fees (OTC) info N/A N/A info
Mutual Fund Trade Fee N/A 0
Options (Per Contract) $0.00 N/A
Futures (Per Contract) (Not offered) (Not offered)
Broker Assisted Trade Fee N/A n/a
Margin Rates Robinhood Citi Self Invest
Margin Rate Under $25,000 6.25% Not offered
Margin Rate $25,000 to $49,999.99 6.05% Not offered
Margin Rate $50,000 to $99,999.99 5.8% Not offered
Margin Rate $100,000 to $249,999.99 5.75% Not offered
Margin Rate $250,000 to $499,999.99 5.75% Not offered
Margin Rate $500,000 to $999,999.99 5.75% Not offered
Margin Rate Above $1,000,000 5.5% Not offered
Account Fees Robinhood Citi Self Invest
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $0.00 $95.00
Account Transfer Out (Partial) info $100.00 $95.00
Account Transfer Out (Full) info $100.00 $95.00
Options Exercise Fee $0.00 N/A
Options Assignment Fee $0.00 N/A
Investment Options Robinhood Citi Self Invest
Stock Trading info Yes Yes
Margin Trading Yes No
Fractional Shares info Yes No
OTC Stocks info No No
Options Trading info Yes No
Complex Options Max Legs info 4
Futures Trading info No No
Forex Trading info No No
Crypto Trading info Yes info No
Crypto Trading - Total Coins info 20 0
Mutual Funds (No Load) info 0 820
Mutual Funds (Total) info 0 820
Bonds (US Treasury) info No No
Bonds (Corporate) info No No
Bonds (Municipal) info No No
Traditional IRAs info Yes Yes
Roth IRAs info Yes Yes
Advisor Services info No No
International Countries (Stocks) info 0 0
Order Types Robinhood Citi Self Invest
Order Type - Market info Yes Yes
Order Type - Limit info Yes Yes
Order Type - After Hours info Yes No
Order Type - Stop info Yes Yes
Order Type - Trailing Stop info Yes No
Order Type - OCO info No No
Order Type - OTO info No No
Order Type - Broker Assisted info No No
Beginners Robinhood Citi Self Invest
Education (Stocks) info Yes No
Education (ETFs) info Yes No
Education (Options) info Yes No
Education (Mutual Funds) info No No
Education (Bonds) info No No
Education (Retirement) info No No
Retirement Calculator info No No
Investor Dictionary info Yes No
Paper Trading info No No
Videos info No No
Webinars info Yes No
Webinars (Archived) info No No
Progress Tracking info No Yes
Interactive Learning - Quizzes info No Yes
Stock Trading Apps Robinhood Citi Self Invest
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info Yes No
Trading - Stocks info Yes Yes
Trading - After-Hours info Yes No
Trading - Simple Options info Yes No
Trading - Complex Options info Yes No
Order Ticket RT Quotes info Yes Yes
Order Ticket SRT Quotes info Yes No
Stock App Features Robinhood Citi Self Invest
Market Movers (Top Gainers) info Yes Yes
Stream Live TV info No No
Videos on Demand info No No
Stock Alerts info Yes No
Option Chains Viewable info Yes No
Watch List (Real-time) info Yes Yes
Watch List (Streaming) info Yes No
Watch Lists - Create & Manage info Yes Yes
Watch Lists - Column Customization info Yes No
Stock App Charting Robinhood Citi Self Invest
Charting - After-Hours info Yes No
Charting - Can Turn Horizontally info No No
Charting - Multiple Time Frames info Yes Yes
Charting - Technical Studies info 6 0
Charting - Study Customizations info Yes No
Charting - Stock Comparisons info No No
Trading Platforms Robinhood Citi Self Invest
Active Trading Platform info Robinhood Legend n/a
Desktop Trading Platform info No No
Desktop Platform (Mac) info No No
Web Trading Platform info Yes Yes
Paper Trading info No No
Trade Journal info No No
Watch Lists - Total Fields info 3 0
Stock Chart Features Robinhood Citi Self Invest
Charting - Adjust Trades on Chart info Yes No
Charting - Indicators / Studies info 16 0
Charting - Drawing Tools info 23 0
Charting - Notes info Yes No
Charting - Index Overlays info Yes No
Charting - Historical Trades info No No
Charting - Corporate Events info No No
Charting - Custom Date Range info Yes No
Charting - Custom Time Bars info Yes No
Charting - Automated Analysis info No No
Charting - Save Profiles info Yes No
Trade Ideas - Technical Analysis info No No
Charting - Study Customizations info 1 0
Charting - Custom Studies info No No
Day Trading Robinhood Citi Self Invest
Streaming Time & Sales info No No
Streaming TV info No No
Direct Market Routing - Stocks info No No
Ladder Trading info Yes No
Trade Hotkeys info No No
Level 2 Quotes - Stocks info No info No
Trade Ideas - Backtesting info No No
Trade Ideas - Backtesting Adv info No No
Short Locator info No No
Order Liquidity Rebates info No No
Research Overview Robinhood Citi Self Invest
Research - Stocks info Yes Yes
Research - ETFs info Yes Yes
Research - Mutual Funds info No No
Research - Pink Sheets / OTCBB info Yes Yes
Research - Bonds info No No
Screener - Stocks info Yes No
Screener - ETFs info No No
Screener - Mutual Funds info No No
Screener - Bonds info No No
Misc - Portfolio Allocation info No Yes
Stock Research Robinhood Citi Self Invest
Stock Research - PDF Reports info 0 info 0
Stock Research - Earnings info Yes No
Stock Research - Insiders info No No
Stock Research - Social info No No
Stock Research - News info Yes Yes
Stock Research - ESG info No No
Stock Research - SEC Filings info No No
ETF Research Robinhood Citi Self Invest
ETFs - Strategy Overview info Yes Yes
ETF Fund Facts - Inception Date info Yes No
ETF Fund Facts - Expense Ratio info Yes Yes
ETF Fund Facts - Net Assets info Yes No
ETF Fund Facts - Total Holdings info Yes No
ETFs - Top 10 Holdings info Yes Yes
ETFs - Sector Exposure info Yes No
ETFs - Risk Analysis info No Yes
ETFs - Ratings info No Yes
ETFs - Morningstar StyleMap info No No
ETFs - PDF Reports info No info No
Mutual Fund Research Robinhood Citi Self Invest
Mutual Funds - Strategy Overview info No Yes
Mutual Funds - Performance Chart info No Yes
Mutual Funds - Performance Analysis info No Yes
Mutual Funds - Prospectus info No No
Mutual Funds - 3rd Party Ratings info No Yes
Mutual Funds - Fees Breakdown info No No
Mutual Funds - Top 10 Holdings info No Yes
Mutual Funds - Asset Allocation info No Yes
Mutual Funds - Sector Allocation info No No
Mutual Funds - Country Allocation info No No
Mutual Funds - StyleMap info No No
Options Trading Robinhood Citi Self Invest
Option Chains - Basic View info Yes No
Option Chains - Strategy View info Yes No
Option Chains - Streaming info Yes No
Option Chains - Total Columns info 17 0
Option Chains - Greeks info 5 0
Option Chains - Quick Analysis info Yes No
Option Analysis - P&L Charts info Yes No
Option Probability Analysis info No No
Option Probability Analysis Adv info No No
Option Positions - Greeks info Yes No
Option Positions - Greeks Streaming info Yes No
Option Positions - Adv Analysis info No No
Option Positions - Rolling info Yes No
Option Positions - Grouping info Yes No
Banking Robinhood Citi Self Invest
Bank (Member FDIC) info No Yes
Checking Accounts info No Yes
Savings Accounts info No Yes
Credit Cards info No Yes
Debit Cards info Yes Yes
Mortgage Loans info No Yes
Customer Service Robinhood Citi Self Invest
Phone Support (Prospect Customers) info No No
Phone Support (Current Customers) info Yes Yes
Email Support info Yes No
Live Chat (Prospect Customers) info No No
Live Chat (Current Customers) info Yes No
24/7 Support info Yes Yes
Overall Robinhood Citi Self Invest
Overall 4/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 3.5/5 Stars 2.5/5 Stars
Platforms & Tools 3/5 Stars 2.5/5 Stars
Mobile Trading Apps 4.5/5 Stars 3/5 Stars
Research 2.5/5 Stars 2.5/5 Stars
Education 3.5/5 Stars 1.5/5 Stars
Ease Of Use 5/5 Stars 4.5/5 Stars
Winner check_circle
Review Robinhood Review Citi Self Invest Review
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