Interactive Brokers vs Robinhood

Interactive Brokers is a good discount broker for experienced, high volume traders. . How does it compare to Robinhood? Read our comparison chart below.

Interactive Brokers offers trades starting at just 0.5 cents per share. It also offers a tiered pricing plan that awards high volume traders with even lower rates. There is a $10,000 opening account minimum ($3,000 for clients 25 and younger). There is a monthly activity fee unless required commission minimums are met.

While Robinhood offers $0 stock trades by cutting out physical offices and manual account management. Only basic stock trading can be performed on the mobile app. There is no minimum deposit or maintenance fee, though there is an optional paid premier customer tier starting at $5/month.

Compare Interactive Brokers with Robinhood, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

	Interactive Brokers	Robinhood

	Learn More	Visit Site
	SPECIAL OFFER Referral Program - $200 Bonus - Learn More Read Interactive Brokers Review	OFFER Get a Free Stock (worth between $5 and $200) - Learn More Read Robinhood Review
	Benefits and Features
Stock Trading	IBKR Lite: $0 per share (min $0 per order) IBKR Pro - Fixed: $0.0005 per share (min $1.00 per order, max 1.0% of trade value) IBKR Pro - Tiered: Starts at $0.0035 per share for less than 300,000 shares (min $0.35 per order, max 1% of trade value)	$0
Options Trading	$0.15-$0.65 per contract ($1 minimum per order)	$0
Annual Fee	None	None
Cryptocurrency Trading	0.12% to 0.18% of trade value ($1.75 minimum per order)	$0
Minimum Deposit	$0	$0
Mutual Fund Trading	$0 for no-transaction-fee funds. For transaction-fee funds, 3% trade value OR $14.95, per transaction, whichever is less	No
Commission Free ETFs	150+	All U.S. listed ETFs
Phone Support		650-761-7789 (available 24/7)
Live Chat Support		Available 24/7 (requires sign in)
Email Support		Yes
Human Advisors		No
Robo Advisor		No
Assets Under Management		$102 Billion
Penny Stocks		Yes
Tax Loss Harvesting		No
Goal Tracker		No
Automatic Deposits		Yes
Broker Assisted Trades	$30	Not available
Good For		Beginners; Active traders
Inactivity Fee	$0	$0
Maintenance Fee	$0	$0
Online Platform		Yes
iPhone App		Yes (4.2 stars, 4.3M ratings)
Android App		Yes (4.1 stars, 483k ratings)
Banking	No	Offers Robinhood spending account with Robinhood Cash Card issued by Sutton Bank
Mobile App	Yes	iOS & Android
Desktop App	Yes	None
Two-Factor Authentication		Device approvals, Authenticator app, SMS
Forex Trading	Available for qualified customers	No
Futures Trading	Yes	No
Bond Trading		No
CFD Trading		No
Currency Trading		No
Customer Service	United States: Monday-Friday 8am - 10pm ET; Sunday 1pm - 7pm ET (24/7 Weekday service available in other countries)	Live Chat (24 hours via Robinhood app) Phone: 650-761-7789 (available 24/7) Email: support@robinhood.com
Locations	No	No
Online Community	Yes	No
Seminars	Yes	Yes
Trading Platform	Desktop, Web Trading, Mobile Apps	Web Trading, Mobile Apps
Virtual Trading	Yes	No
Fractional Shares		Yes
Taxable Accounts		Yes
401k Plans		No
IRA Accounts		Yes
Roth IRA Accounts		Yes
SEP IRA Accounts		No
Trust Accounts		No
529 Plans		No
	CreditDonkey® Reviews

Stock Trading
Options Trading
Mutual Fund Trading
Online Platform
Banking
Mobile App
Commissions and Fees
Ease of Use
Research
Minimum Deposit
Customer Service
Pros & Cons	Pros: Large number of investments, including options, futures, and forex Customize trading platform Tools and opportunities for research Cons: Platform can be too much for a beginner to understand Complicated pricing structure	Pros: Commission-free trades No minimum Extended trading hours Cons: Limited research No mutual funds & bonds
Bottom Line	Good discount broker for experienced, high volume traders... Read full review	Free way to trade stocks with limited bells and whistles... Read full review
	Learn More	Visit Site
	Referral Program - $200 Bonus	Get a Free Stock (worth between $5 and $200) Commission-Free Trades Buy and Sell Cryptocurrency
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Interactive Brokers: Pricing information from published websites as of 10/17/2023. Robinhood: Pricing information from published websites as of 08/13/2024.

Get a Free Stock (worth between $5 and $200)

Get a Free Stock

Commission-Free Trades

Get Deal

Trade stocks, funds, options, and cryptocurrencies

Buy and Sell Cryptocurrency

Robinhood Crypto offers commission-free cryptocurrency investments 24/7. Some of the cryptocurrencies available are Bitcoin, Dogecoin, Ethereum, and Litecoin. This offer is currently available to selected states.

Get Deal

Which is Better: Interactive Brokers or Robinhood?

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Interactive Brokers or Acorns.

In short: Interactive Brokers' options trading, mobile app, and research are notable. In particular, the options trading and mobile app are outstanding. Robinhood's commissions and fees and ease of use are impressive.

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Interactive Brokers Reviews

Interactive Brokers offers a robust trading platform that experienced traders favor due to its competitive fee structure and extensive range of trading options.

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