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Interactive Brokers vs Robinhood 2019

Blain Reinkensmeyer

The StockBrokers.com annual review (9 years running) takes six months to complete and produces over 30,000 words of research each year. Here's how we test.

Is Robinhood better than Interactive Brokers? After scoring brokers in nine separate categories for our 2019 review, Interactive Brokers (80.99%) is better than Robinhood (46.99%). While Interactive Brokers is not suitable for casual investors, it leads the industry in international trading and low-cost commissions desired by professional traders.

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Overall Rating

Feature Interactive Brokers Robinhood
Overall 4 2.5
Interactive Brokers Review Robinhood Review

Trading Fees

Feature Interactive Brokers Robinhood
Minimum Deposit $0.00 $0.00
Stock Trade Fee (per trade) N/A $0.00
Options Base Fee $0.00 $0.00
Options Per Contract Fee $0.70 $0.00
Mutual Fund Trade Fee $14.95 N/A
Broker Assisted Trades Fee $30.00 $0.00
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $0.00 $0.00
Commissions & Fees 4.5 4.5
Winner check_circle

Margin Rates

Feature Interactive Brokers Robinhood
Under $24,999.99 3.68% 5.00%
$25,000.00 to $49,999.99 3.68% 5.00%
$50,000.00 to $99,999.99 3.68% 5.00%
$100,000.00 to $249,999.99 3.18% 5.00%
$250,000.00 to $499,999.99 3.18% 5.00%
$500,000.00 to $999,999.99 3.18% 5.00%
Above $1,000,000.00 2.68% 5.00%
Commissions & Fees 4.5 4.5
Winner check_circle

Trading Platforms

Feature Interactive Brokers Robinhood
Desktop Platform (Windows)
Yes No
Desktop Platform (Mac)
Yes No
Web Platform
Yes Yes
Paper Trading
Yes No
Trade Journal
Yes No
Watch Lists - Total Fields
453 7
Two-Factor Authentication Login
Yes Yes
Heat Mapping
Yes No
Platforms & Tools 4.5 1
Winner check_circle

Charting Features

Feature Interactive Brokers Robinhood
Charting - Trade Off Chart
Yes No
Charting - Indicators / Studies
121 0
Charting - Drawing Tools
9 0
Charting - Historical Trades
Yes No
Charting - Corporate Events
Yes No
Charting - Automated Analysis
No No
Charting - Save Profiles
Yes No
Charting - Study Customizations
6 0
Charting - Custom Studies
No No
Platforms & Tools 4.5 1
Winner check_circle

Day Trading

Feature Interactive Brokers Robinhood
Stock Alerts - Basic Fields
Yes No
Stock Alerts - Advanced Fields
No No
Streaming Time & Sales
Yes No
Streaming TV
Yes No
Direct Market Routing - Stocks
Yes No
Direct Market Routing - Options
Yes No
Ladder Trading
Yes No
Trade Hot Keys
Yes No
Level 2 Quotes - Stocks
Yes No
Level 2 Quotes - Options
Yes No
Trade Ideas - Backtesting
Yes No
Short Locator
Yes No
Client Liquidity Rebates
Yes No
Winner check_circle

Mobile Trading

Feature Interactive Brokers Robinhood
iPhone App
Yes Yes
Android App
Yes Yes
Apple Watch App
Yes Yes
Trading - Stocks
Yes Yes
Trading - After-Hours
Yes Yes
Trading - Conditional Orders
Yes No
Trading - Mutual Funds
Yes No
Trading - Simple Options
Yes Yes
Trading - Complex Options
Yes Yes
Trading - Option Rolling
No No
Touch / Face ID
Yes Yes
Watch List Syncing
Yes Yes
Stock Alerts - Basic Fields
Yes Yes
Stock Alerts - Advanced Fields
No No
Charting - After Hours
Yes Yes
Charting - Drawing
No No
Charting - Study Customizations
Yes No
Customizable Homescreen
No No
Heatmapping
No No
Stream Live TV
Yes No
Barcode Lookup
No No
Mobile Trading 4.5 3.5
Winner check_circle

Research Overview

Feature Interactive Brokers Robinhood
Research - Stocks
Yes Yes
Research - ETFs
Yes Yes
Research - Mutual Funds
No No
Research - Pink Sheets / OTCBB
Yes No
Research - Fixed Income
Yes No
Research - Futures
Yes No
Research - Forex
Yes No
Screener - Stocks
Yes No
Screener - ETFs
Yes No
Screener - Mutual Funds
No No
Screener - Options
Yes No
Screener - Bonds
Yes No
Misc - Portfolio Builder
Yes No
Misc - Portfolio Allocation
Yes Yes
Research 3.5 1
Winner check_circle

Stock Research

Feature Interactive Brokers Robinhood
Stock Research - Reports
1 0
Stock Research - Earnings
Yes Yes
Stock Research - Insiders
Yes No
Stock Research - Metric Comp
Yes No
Stock Research - SEC Filings
Yes No
Stock Research - Social
Yes No
Stock Research - Balance Sheet
Yes No
Stock Research - Cash Flows
Yes No
Stock Research - News
Yes Yes
Stock Research - ESG
Yes No
Research 3.5 1
Winner check_circle

Fund Research

Feature Interactive Brokers Robinhood
ETFs - Strategy Overview
Yes Yes
ETFs - Top 10 Holdings
Yes No
ETFs - Sector Exposure
Yes No
ETFs - Risk Analysis
Yes No
ETFs - Performance Analysis
Yes Yes
ETFs - Ratings
Yes No
ETFs - Morningstar StyleMap
No No
ETFs - Reports
Yes No
Mutual Funds - Strategy Overview
No No
Mutual Funds - Prospectus
Yes No
Mutual Funds - Reports
Yes No
Mutual Funds - Fees Breakdown
Yes No
Mutual Funds - Top 10 Holdings
No No
Mutual Funds - Asset Allocation
No No
Mutual Funds - Sector Allocation
No No
Mutual Funds - Country Allocation
No No
Mutual Funds - StyleMap
No No
Mutual Funds - 3rd Party Ratings
No No
Research 3.5 1
Winner check_circle

Options Trading

Feature Interactive Brokers Robinhood
Option Chains - Streaming
Yes No
Option Chains - Total Columns
37 5
Option Chains - Greeks
4 0
Option Chains - Quick Analysis
Yes No
Option Analysis - P&L Charts
Yes No
Option Probability Analysis
Yes No
Option Probability Analysis Adv
Yes No
Option Positions - Greeks
Yes No
Option Positions - Adv Analysis
Yes No
Option Positions - Rolling
Yes No
Option Positions - Grouping
Yes No
Platforms & Tools 4.5 1
Winner check_circle

Investments

Feature Interactive Brokers Robinhood
Stock Trading
Yes Yes
OTCBB / Pink Sheets
Yes No
Options Trading
Yes Yes
Complex Options Max Legs
8 4
Futures Trading
Yes No
Forex Trading
No No
Commission-Free ETFs 48 all
Mutual Funds (No Load)
7558 0
Mutual Funds (Total)
11000 0
Bonds (US Treasury)
Yes No
Bonds (Corporate)
Yes No
Bonds (Municipal)
Yes No
Advisor Services
No No
International Trading
Yes No
Offering of Investments 5 2
Winner check_circle

Order Types

Feature Interactive Brokers Robinhood
Order Type - Market
Yes Yes
Order Type - Limit
Yes Yes
Order Type - Stop
Yes Yes
Order Type - Trailing Stop
Yes No
Order Type - Contingent
Yes No
Order Type - MultiContingent
Yes No
Order Type - OCO
Yes No
Order Type - OTO
Yes No
Order Type - OTOCO
Yes No
Offering of Investments 5 2
Winner check_circle

Beginners

Feature Interactive Brokers Robinhood
Has Education - Stocks
Yes Yes
Has Education - ETFs
No No
Has Education - Options
Yes Yes
Has Education - Mutual Funds
No No
Has Education - Fixed Income
No No
Has Education - Retirement
No No
Paper Trading
Yes No
Videos
Yes No
Webinars (Monthly Avg)
20 0
Webinars (Archived)
Yes No
Live Seminars
No No
Progress Tracking
Yes No
Interactive Learning - Quizzes
Yes No
Investor Magazine
Yes No
Education 3 2
Winner check_circle

Banking

Feature Interactive Brokers Robinhood
Retail Locations
0 0
Member FDIC
No No
Checking Accounts
Yes No
Savings Accounts
No No
Credit Cards
No No
Debit Cards
Yes No
Mortgage Loans
No No
No Fee Banking
No No
Banking 2 0.5
Winner check_circle

Overall

Feature Interactive Brokers Robinhood
Interactive Brokers Review Robinhood Review
Overall 4 2.5
Winner check_circle
Using data from our latest annual broker review which tested more than a dozen different online brokers over six months, we can compare Interactive Brokers vs Robinhood to determine which broker is best. Let's dive in.

First, we will break down the commission charges of both brokers for placing stock and options trades. Interactive Brokers and Robinhood both cost $0 per trade. Looking at options, the base fees charged are the same for both brokers, $0. Each option contract then costs $0.70 at Interactive Brokers and $0 at Robinhood. Instead of flat rate fees, several brokers charge a per-share fee instead. For a complete review of trading charges, read our full online broker reviews.

Next, investors want to make sure they can trade the investment vehicle they want. Robinhood offers clients Stock Trading and Options Trading while Interactive Brokers offers Stock Trading, Options Trading, Mutual Funds and Futures Trading. As far as mutual funds go, Interactive Brokers boasts an offering of 11000 mutual funds compared to Robinhood's 0 available funds.

Finally, by comparing the each broker's website and platform features, we can surface interesting differences. Interactive Brokers makes virtual trading available to clients, while Robinhood does not. For mobile trading, Interactive Brokers and Robinhood both have a iPhone App, iPad App and Android App. Online banking is also used by many customers, and multiple full-service brokerages provide these services. Clients can have Checking Accounts and Debit Cards at Interactive Brokers while customers at Robinhood can have none of these.

Overall, between Interactive Brokers and Robinhood, Interactive Brokers is the winner.

Interactive Brokers Review
Robinhood Review


All pricing data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply.

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