Luckily for us, free investing apps, like Cash App and Robinhood, have taken the world by storm and have forced competitors in the investment industry to slash commissions and platform pricing to next to nothing compared to just a few years ago.

Today we’re going to discuss what features Cash App and Robinhood have, and how they compare with each other so you can make an informed decision about which investment app is best for you.

Which Free Investing App Is Better, Cash App or Robinhood?

Cash App

4.3/5
Services 75%
Simplicity 100%
Sign-ups 85%
Stock Research 75%
Store Rating 85%

Need to transfer money? Want $5 Cash?

Try Cash App Today!

Robinhood

4.5/5
Services 90%
Simplicity 95%
Sign-ups 85%
Stock Research 85%
Store Rating 90%

Want to get started with a FREE share of stock?

Sign up for Robinhood now!

After spending a lot of time using and comparing these two investing apps, and really thinking about it, it seems fair to say that each of these free investing apps offer something a little different than the other, so they are going to suit certain people better depending on that individual’s needs.

Cash App is a better choice if you want to be able to send money, and if you want an extremely simple investing app. It’s payment processing capabilities are amazing and we’re even starting to see local small businesses use it to collect payments.

Robinhood is rated higher as an investment app because this is an investment app review site and Robinhood is a better app if you’re strictly investing, but if you want to get rid of Venmo and be able to transfer money easily, Robinhood can’t do that…

With that being said, Cash App’s investing platform is super simple, and it feels really good to use, so I wouldn’t worry about the slightly lower rating if Cash App is the app that stands out to you.

Cash App and Robinhood Services

Cash App Services 75%
Robinhood Services 90%

In this category we compare the features of each investing app and the overall user experience.

User experience is really subjective, so the biggest factor here are the services each app provides.

Here’s a breakdown of the services each investing app offers.

Cash App FeaturesFree AccountPremium AccountRobinhood FeaturesFree AccountPremium Account
Monthly Fee$0N/AMonthly Fee$0$5 per month
Minimum Balance$0N/AMinimum Balance$0$0
Instant Depositsinvestment app feature yesN/AInstant DepositsUp to $1000$5k-$50k
Automatic Depositsinvesting apps feature noN/AAutomatic Depositsinvestment app feature yesinvestment app feature yes
Stocksinvestment app feature yesN/AStocksinvestment app feature yesinvestment app feature yes
ETFsinvestment app feature yesN/AETFsinvestment app feature yesinvestment app feature yes
Optionsinvesting apps feature noN/AOptionsinvestment app feature yesinvestment app feature yes
Cryptocurrencyinvestment app feature yesN/ACryptocurrencyinvestment app feature yesinvestment app feature yes
Fractional Sharesinvestment app feature yesN/AFractional Sharesinvestment app feature yesinvestment app feature yes
DRIP/FRIPinvesting apps feature noN/ADRIP/FRIPinvestment app feature yesinvestment app feature yes
Bondsinvesting apps feature noN/ABondsinvesting apps feature noinvesting apps feature no
Mutual Fundsinvesting apps feature noN/AMutual Fundsinvesting apps feature noinvesting apps feature no
Paper Tradinginvesting apps feature noN/APaper Tradinginvesting apps feature noinvesting apps feature no
Margin Accountsinvesting apps feature noN/AMargin Accountsinvestment app feature yesinvestment app feature yes
Retirement Accountsinvesting apps feature noN/ARetirement Accountsinvesting apps feature noinvesting apps feature no
Banking Servicesinvestment app feature yesN/ABanking Servicesinvestment app feature yesinvestment app feature yes
Human Advisorsinvesting apps feature noN/AHuman Advisorsinvesting apps feature noinvesting apps feature no
Robo Advisorsinvesting apps feature noN/ARobo Advisorsinvesting apps feature noinvesting apps feature no
Stock Screenersinvesting apps feature noN/AStock Screenersinvesting apps feature noinvesting apps feature no
Level 2 Market Datainvesting apps feature noN/ALevel 2 Market Datainvesting apps feature noinvestment app feature yes
OtherMoney TransferN/AOtherN/AN/A

Cash App vs Robinhood: Which app has the best service?

Ultimately, Robinhood is the better investment app in this category because it just has a better selection of features for Investors…

The developers keep adding new features, like a Dividend Re-investment Plan, and most recently, recurring investments

Overall, Cash App is decent enough to use for investments, but it’s simply lacking in options, no pun intended.

As we mentioned earlier, Cash App’s big selling point is the money-transfer and payment processing capabilities.

Cash App vs Robinhood: Simplicity

Cash App Simplicity 100%
Robinhood Simplicity 95%

If you’re new to investing it can be really nice to start off with something simple so you can get the hang of the stock market a little before you go “all in”.

Even if you’re a veteran investor you can benefit from having a really simple app, and these two investing apps are great for everyone.

Keep reading and we’ll explain why.

How easy is CashApp to use?

cashapp investing app

Cash App is one of the simplest apps in the fintech industry. Period…

Fractional shares make investing extremely convenient and easy to understand, and the UI is designed so even a 5 year old could figure the app out.

The only investing app we have come across that’s more simple than Cash App is Acorns, which was designed specifically for people who want to generate passive income without any effort.

With fractional shares and an easy to understand interface, Cash App is super simple and really great to use, so if simplicity is really important to you, then I highly suggest you try either Cash App or Acorns.

How easy is Robinhood to use?

robinhood investing account

Robinhood is a pretty straightforward investing app and it doesn’t take a rocket scientist to figure out how to use it, which is always a plus.

Is Robinhood the most simple investing app in existence? Not quite… 

Nevertheless, Robinhood won’t leave you feeling lost, and it’s nowhere near as complicated as platforms like Tradestation or Thinkorswim, not that there’s anything wrong with those platforms, they just are fairly complicated compared to investing apps like Cash App or Robinhood.

Which investing app is easiest to use, Cash App or Robinhood?

Cash App is pretty much as simple as it gets, and is at the top of the pack, in the fintech industry, as far as simplicity is concerned, besides the Acorns investing app.

Robinhood isn’t complicated or anything, but when facing off against investing apps that were designed specifically for simplicity, Robinhood simply doesn’t win this category.

Sorry Robinhood, better luck next time!

Cash App and Robinhood Sign-up and referral bonuses

Cash App Sign-up Bonuses 85%
Robinhood Sign-up Bonuses 85%

As affiliate marketers, sign-up and referral bonuses are extremely important to us. But regular users often overlook these bonuses and blindly sign up for apps without considering these benefits.

Is it worth spending hours researching referral bonuses? No…

BUT free money is free money, and ignoring that completely is a mistake.

You can actually make a pretty decent amount if you post these links in Facebook groups and Reddit communities, but that’s not everyone’s cup of tea.

Keep in mind, people like to try new stuff and they feel smart and cool when they are using the latest new apps, so it’s a little easier to get people to sign up than you’d think.

Here’s a breakdown of the Cash App and Robinhood referral programs.

Cashapp sign up and referral bonuses and requirements

cashapp referrals

Cash App will give you $5 (and us $5!) to sign up with our affiliate link and send a friend $5 within 14 days of joining.

This isn’t a huge amount of money for signing up for an app, but it can add up over time.

Even though the cash bonus isn’t a large amount of money, it IS cash, and it’s a set amount ($5) rather than a variable amount like the investing apps that give you shares of stocks as a reward.

Since Cash App also serves as a money transfer service, and since your free cash is immediately available, this bonus is a little more convenient than having to wait for shares of stocks to settle in order to withdraw the money.

Cash App has also increased the referral bonus to $15 per qualified sign-up if you send an invite directly to your contact list on your phone, which can REALLY pay off if you have a big list of friends who are willing to try new things.

Robinhood sign up and referral bonuses and requirements

Robinhood is one of the investing apps that gives users(and the person who referred them!) a free share of a randomly selected stock upon a successful sign-up as a new user. These shares are valued between $2 USD and $250 USD.

Occasionally, Robinhood will have a special promotion where they’ll give you an extra share of a stock when you refer a specific number of new users, in addition to the regular referral bonus. These extra freebies are great if you actively promote Robinhood and take advantage of all of the referral promotions.

Usually you’ll receive a low priced stock, but every once in a while you’ll get a decent one. 

The one bad thing is – Robinhood limits the total value of free stocks you can get to $500 per year.

You can probably convince them to raise that limit if you’ve been hitting the maximum consistently, so try contacting them if you have a lot of traffic. Usually companies are willing to reward highly performing affiliates.

Cash App Vs Robinhood: Best Sign-up and Referral Program

Robinhood definitely has a solid referral program, but it limits the amount you can earn per year, so IF you are getting a LOT of traffic, Cash App is better in that regard because it has no referral bonus cap.

If you’re not into the whole referral marketing thing, then Robinhood’s referral program is great, mostly because it’s fun and super easy to get new users to sign up. To-date Robinhood has been responsible for most of our referral income, as far as investing apps are concerned anyway.

Additionally, receiving stocks will get you exposed to having real money in the stock market, which could be argued to be an amazing thing, since investing has made many people a consistent passive income.

Overall, both of these free investing apps have solid refer-a-friend programs, and it’s a littl etoo hard to pick a clear winner.

Both have areas where they’re better, so you’re just going to have to decide if you prefer working a little harder to get referrals, but getting more money for it, OR if you’d prefer easier referrals, but a cap on the amount you can earn and a lower (on average) payout amount.

Cash App and Robinhood Stock Research Tools

Cash App Stock Research 75%
Robinhood Stock Research 85%

When you’re trying to get involved in investing, you want to have stock research tools that let you know exactly what you’re paying for.

When you buy a share of a stock you’re buying partial ownership of a company, so you want to be able to check in on how that company is doing, right?

So which free investment app has better tools, Cash App or Robinhood? Let’s find out.

CashApp research tools

I had heard about CashApp from somewhere and had seen a few pictures before I downloaded it, and it looked almost too simple to be taken seriously for an investing app.

Well…. I was completely wrong… CashApp has an AMAZING little investing tutorial that breaks the stock market down so simply that a 5 year old could understand. Then again kids are too intelligent for their own good… anyway…

The problem is… other than the simple tutorial that helps you understand the stock market, CashApp only has mediocre investment research tools.

CashApp will only show you the bare minimum amount of information, so you’ll likely want to research your stock value and stock picks elsewhere.

Robinhood stock research tools

robinhood investing charts

The Robinhood app doesn’t have the worst tools in the industry, but they are far from the best.

They tried to keep things low cost and simple, which they succeeding in, but that comes at the cost of having mediocre research tools.

Robinhood’s tools will at least tell you most of the significant numbers you need to know, which is nice, and they have candlestick charts now, but their tools could use a little love.

Best stock research tools: CashApp or Robinhood?

Robinhood has slightly better tools than CashApp does, but the difference is pretty neglible.

Both CashApp and Robinhood will likely update their tools in the future to remain competitive in the fintech industry, but until that happens you’ll have to work with what you got.

Either way, it would behoove you to check other 3rd party sources for investment research anyway, so you can get a more accurate idea of the current financial climate rather than relying on only one source.

Which Investment App Did You Pick?

We want to know which investing app you thought was best! This will help us rank these apps better. 

If you disagree with anything in this article or if you think it was spot-on, let us know! Your feedback is valuable to us, even if it’s just to tell us how bad of a job we’re doing.

If you don’t feel like either of these apps are the right fit for you, make sure you check out our other investing app reviews! You should be able to find something you like.

Thank you for reading, and thank you for the support. Have a wonderful day.

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This Post Has 2 Comments

  1. Toney Dorey

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    1. Gerald Tighe

      Thanks glad you liked it 😉 I hope you understand why I removed the self-promotional part of your comment. I don’t want to spread hateful propaganda on my site and it would be wonderful if you could stop spamming my comments with it. This is a site about investing apps, not about religion, thank you so much for the kind words, have a wonderful day!

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