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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 $6/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

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Benefits and Features

Stock TradingFixed pricing: $0.005 per share (min $1 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) 
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 
Commission Free ETFs
48
all U.S. listed ETFs
Broker Assisted Trades
$30
$10
Customer ServiceUnited States: Monday-Friday 8am - 10pm ET; Sunday 1pm - 7pm ET (24/7 Weekday service available in other countries)
Monday-Friday 9am - 6pm ET
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 FeeWaived 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
Banking
No
No
Mobile App
Yes
Yes
Desktop App
Yes
Yes
Forex TradingAvailable for qualified customers 
Futures Trading
Yes
 
Locations
No
No
Online Community
Yes
No
Seminars
Yes
No
Virtual Trading
Yes
No
 

CreditDonkey® Reviews

Stock Trading
Options Trading
Mutual Fund Trading
Online Platform
Banking
Mobile App
Commissions and Fees
Ease of Use
Research
Pros & ConsPros:
  • 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
Cons:
  • No IRAs
  • Limited research
  • No mutual funds & bonds
Bottom LineGood discount broker for experienced, high volume traders... Read full reviewFree option to trade stocks with limited bells and whistles... Read full review

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 11/11/2019.

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 Ally Invest.

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


Articles on Robinhood


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