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


	Earn $200 with Referrals - 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	Fixed pricing: $0.0005 - $0.0035 per share (min $0.35 per order, max 1.0% of trade value). Tiered pricing: 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	$.15-$.70 per contract ($1 minimum per order)	$0
Annual Fee		None
Cryptocurrency Trading
Minimum Deposit	$10,000 for individual accounts; $5,000 for IRAs; $3,000 for clients 25 and under	$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, for transaction-fee funds	No
Commission Free ETFs	48	All U.S. listed ETFs
Phone Support		24/7
Live Chat Support		No
Email Support		Yes
Human Advisors		No
Robo Advisor		No
Assets Under Management		$80 Billion
Tax Loss Harvesting		No
Goal Tracker		No
Automatic Deposits		Yes
Broker Assisted Trades	$30	Not available
Customer Service	United States: Monday-Friday 8am - 10pm ET; Sunday 1pm - 7pm ET (24/7 Weekday service available in other countries)
Good For		Beginners; Active traders
Inactivity Fee	$10/month for accounts under $100,000; $20/month for accounts under $2,000; $3/month for clients 25 and younger	$0
Maintenance Fee	Waived if account value is at least $100,000 OR if monthly commission requirements are met. If not met, the activity fee is the difference. For accounts less than $100,000: the commission requirement is $10/month. For accounts less than $2,000: the commission requirement is $20/month. For clients 25 and younger: the commission requirement is $3/month.	$0
Online Platform		Yes
iPhone App		Yes (4.2 stars, 4m ratings)
Android App		Yes (3.8 stars, 453k ratings)
Banking	No
Mobile App	Yes	Yes
Desktop App	Yes
Two-Factor Authentication		Yes
Forex Trading	Available for qualified customers
Futures Trading	Yes
Locations	No	No
Online Community	Yes	No
Seminars	Yes	No
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: $10,000 minimum to open an account. Platform can be too much for a beginner to understand Inactivity fees if you don't meet the trade commission requirements.	Pros: Commission-free trades No minimum Extended trading hours 1% match on IRA contributions 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

		Get a Free Stock (worth between $5 and $200) Commission-Free Trades Commission-Free Options Investing
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 09/15/2019. Robinhood: Pricing information from published websites as of 04/18/2020.

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

Get a Free Stock

Commission-Free Trades

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Trade stocks, funds, options, and cryptocurrencies

Commission-Free Options Investing

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Robinhood offers commission-free and no monthly fee options trading.

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 eToro.

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.

Articles on Interactive Brokers

Interactive Brokers Reviews

Do you have $10,000 and plenty of trading knowledge? Interactive Brokers may provide you with a solid trading platform. With their competitive fees and robust trading options, they are a common choice for the experienced trader.