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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 evaluating the investment options between Robinhood and Citi Self Invest, there are distinct advantages and limitations for each platform. Robinhood stands out with a wider range of investment opportunities, offering services like margin trading, fractional shares trading, options trading, and a robust crypto trading selection featuring 19 coins. Rating at 3.5 stars for investment options, Robinhood secures the #14 spot out of 18 brokers as per StockBrokers.com. In contrast, Citi Self Invest offers traditional investment routes with mutual funds but lacks many of the dynamic trading features provided by Robinhood. With a 2.5-star rating, Citi Self Invest ranks last in investment options among the reviewed brokers.

Both Robinhood and Citi Self Invest provide stock trading and offer traditional and Roth IRA accounts, catering to retirement-focused investors. However, Robinhood's inclusion of OTC stocks trading and its wide selection of cryptocurrencies make it more appealing to tech-savvy investors looking for diverse capital growth opportunities. Additionally, Robinhood's options trading further expands its trading scope compared to Citi Self Invest, which does not support options, margin trading, or crypto trading.

While neither Robinhood nor Citi Self Invest currently offer advisor services, their differences in trading capabilities reflect distinct platforms appealing to varied investor needs. Robinhood's emphasis on broader trading options and the absence of mutual fund offerings shapes its appeal towards younger, more risk-tolerant investors. On the other hand, Citi Self Invest's inclusion of mutual funds aligns with investors seeking more traditional, long-term growth strategies. Overall, prospective investors should consider their individual trading preferences when choosing between these platforms.

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 Yes 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 19 0
Investment Options 3.5/5 Stars 2.5/5 Stars

Dive deeper: Best Options Trading Platforms & Brokers, 5 Best Futures Trading Platforms of 2024

Trading platforms and tools

When assessing the trading platforms and tools of Robinhood and Citi Self Invest, Robinhood slightly edges out with a rating of 3 stars compared to Citi Self Invest's 2.5 stars. Ranked #13 out of 18 brokers by StockBrokers.com, Robinhood surpasses Citi Self Invest, which is positioned at #16. Both platforms offer basic services, but Robinhood's inclusion of a few more features gives it the upper hand in user preference and basic functionalities.

Both Robinhood and Citi Self Invest offer browser-based trading, but neither provides a downloadable platform for Windows or Mac, leaving them reliant on web accessibility. When it comes to charting functionalities, Robinhood offers six technical indicators, albeit with no drawing tools or customization options. Citi Self Invest, however, doesn’t offer any technical indicators, putting it at a disadvantage for investors relying on chart analysis.

Both platforms fall short in offering advanced trading tools such as paper trading, trading journals, or interactive chart features like historical trades or corporate event displays. Robinhood does allow for multiple columns in watch lists, hosting three compared to Citi Self Invest’s none, providing a slight edge in managing stock lists. However, with limited customization in chart studies and no capabilities for custom studies or chart pattern recognition, both platforms can leave more advanced traders seeking additional analysis tools.

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 6 0
Charting - Drawing Tools info 0 0
Platforms & Tools 3/5 Stars 2.5/5 Stars

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

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Beginners and education

When evaluating Robinhood and Citi Self Invest based on their capabilities to educate beginner investors, Robinhood emerges as the more robust option. While Robinhood provides educational content on stocks and options, Citi Self Invest lacks educational materials in these areas. Despite neither platform offering educational resources for ETFs, mutual funds, or bonds, Robinhood's focus on stock and options education may offer more initial guidance for diving into key investment areas. Moreover, Robinhood's overall educational resources have earned it a 3.5-star rating and a respectable #10 ranking out of 18 brokers by StockBrokers.com, indicating its value for beginners keen on developing their investing skills.

In comparison, Citi Self Invest offers educational quizzes and the ability to track learning progress, two features unavailable in Robinhood. However, with a 1.5-star rating and a #18 ranking by StockBrokers.com, Citi Self Invest is regarded less favorably for investor education. Both platforms lack paper trading, educational videos, and webinars, presenting similar limitations in interactive and visual learning channels. While Robinhood provides specific stock and options insights, Citi Self Invest's strengths lie in learning tracking and engagement through quizzes, making it essential for beginners to weigh their priorities in educational tools and approaches when choosing between the two brokers.

Feature Robinhood logoRobinhood
Citi Self Invest logoCiti Self Invest
Education (Stocks) info Yes No
Education (ETFs) info No 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 No 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 of 2024

Fees

When comparing Robinhood to Citi Self Invest in terms of account fees and charges, Robinhood emerges as a more cost-effective choice for investors who utilize margin trading and options contracts, while both platforms offer commission-free stock trading and no minimum deposits. Robinhood's straightforward pricing structure, with no fees for options trading and a competitive margin rate, makes it appealing to active traders. Conversely, Citi Self Invest, while also offering commission-free trades, does not provide margin trading, which may limit its appeal for some investors.

Both Robinhood and Citi Self Invest waive minimum deposit requirements and offer free regular stock trades, making them equally accessible to new investors. However, Robinhood distinguishes itself by offering $0 options contract fees, enhancing its attractiveness to options traders. In contrast, options trading with Citi Self Invest is not available, potentially steering options traders towards Robinhood.

For investors concerned with ancillary costs, Robinhood offers $0 IRA annual and closure fees, aligning with Citi Self Invest’s policy on annual fees, but the latter imposes a $95 fee for IRA closures. When it comes to account transfers, Citi Self Invest charges a slightly lower fee of $95 compared to Robinhood’s $100 for both partial and full transfers. Overall, while both platforms offer certain free features, Robinhood provides a wider array of no-cost services, particularly benefiting those interested in margin and options trading.

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 Brokers for Free Stock Trading of 2024

Day Trading

When evaluating Robinhood and Citi Self Invest for day trading capabilities, both platforms offer limited features, making them less appealing for active traders who require robust tools. Neither Robinhood nor Citi Self Invest provides streaming time and sales data for stocks, which is a crucial feature for traders needing real-time transaction insights. Similarly, both platforms lack streaming live TV, which can serve as a valuable source of real-time market news and analysis. Furthermore, neither offers direct market routing, ladder trading, or trading hotkeys for keyboard entry, which are essential features for executing trades efficiently and managing strategies effectively.

In terms of data analytics and strategic tools, Robinhood and Citi Self Invest fall short as neither platform provides level 2 quotes or the ability to backtest trading strategies, whether basic or advanced. Additionally, they do not offer short locator tools or order liquidity rebates, which are important for traders looking to engage in short selling or maximize trading efficiency. Overall, the lack of these critical functionalities makes both Robinhood and Citi Self Invest more suitable for beginners or casual investors rather than experienced day traders who require comprehensive and advanced trading tools for successful market engagement.

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 of 2024

Market Research

When evaluating market research capabilities, both Robinhood and Citi Self Invest provide basic research offerings but lack comprehensive analysis and advanced tools available with other brokers. They both enable stock and ETF research, while omitting options for bonds, mutual funds, and ESG data. Robinhood and Citi Self Invest also fall short in offering downloadable research reports or screeners for investment ideas. Ultimately, each platform garners a modest market research rating of 2.5 stars, with Robinhood coming in slightly ahead at 14th out of 18 brokers, compared to Citi Self Invest at 15th according to StockBrokers.com.

Robinhood offers users the ability to research stocks, ETFs, and Pink Sheets/OTCBB, but lacks features like portfolio allocation analysis by asset class or research using social media sentiment. Similarly, Citi Self Invest also provides stock, ETF, and Pink Sheets/OTCBB research, yet differentiates itself with the capability to view portfolio allocation by asset class—an important feature missing from Robinhood. Neither broker includes ESG research, PDF research reports, or stock and ETF screeners, which could be limiting for more advanced investors seeking in-depth analysis tools.

Despite a shared rating of 2.5 stars by StockBrokers.com, Robinhood and Citi Self Invest diverge slightly in their rankings, with Robinhood placed 14th and Citi Self Invest 15th out of 18 brokers. This subtle distinction highlights the need for users to weigh other aspects of each broker's offerings, considering factors beyond market research capabilities alone when deciding which service to choose for their investment journey. While both platforms meet basic research needs, investors seeking more analysis depth may need to look elsewhere.

Feature Robinhood logoRobinhood
Citi Self Invest logoCiti Self Invest
Research - Stocks info Yes Yes
Screener - Stocks info No 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 Brokerages of 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?

Robinhood provides the option to trade 19 different cryptocurrencies, while Citi Self Invest does not offer crypto trading.

Dive deeper: Best Crypto Trading Platforms of 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 of 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% Not offered
Margin Rate $25,000 to $49,999.99 6% Not offered
Margin Rate $50,000 to $99,999.99 5.8% Not offered
Margin Rate $100,000 to $249,999.99 5.5% Not offered
Margin Rate $250,000 to $499,999.99 5.5% Not offered
Margin Rate $500,000 to $999,999.99 5.5% Not offered
Margin Rate Above $1,000,000 5.25% 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 Yes 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 19 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 No 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 No 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 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 No No
Charting - Indicators / Studies info 6 0
Charting - Drawing Tools info 0 0
Charting - Notes info No No
Charting - Index Overlays info No No
Charting - Historical Trades info No No
Charting - Corporate Events info No No
Charting - Custom Date Range info No No
Charting - Custom Time Bars info No No
Charting - Automated Analysis info No No
Charting - Save Profiles info No 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 No 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 No 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 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 No 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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