Interactive Brokers vs Robinhood Comparison
Comparing brokers side by side is no easy task. For our 2022 annual broker review, we spent hundreds of hours assessing 15 brokerages to find the best online broker. Let's compare Interactive Brokers vs Robinhood.
Is Interactive Brokers or Robinhood better for beginners?
E*TRADE offers more comprehensive new investor education for beginner investors than Interactive Brokers. Interactive Brokers offers investors access to Paper Trading, Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Bonds) and Education (Retirement), while Robinhood offers investors access to Education (Stocks) and Education (Options), neither have Education (Mutual Funds).
What about Interactive Brokers vs Robinhood pricing?
Interactive Brokers and Robinhood charge the same amount for regular stock trades, $0.00. Option contracts are pricier at Interactive Brokers, costing $0.65 per contract versus $0.00 per contract at Robinhood. For a complete commissions summary, see our best brokers for free stock trading guide.
Does Interactive Brokers or Robinhood offer a wider range of investment options?
Interactive Brokers offers investors access to Stock Trading, Fractional Shares, Options Trading, OTCBB / Pink Sheets, Mutual Funds and Futures Trading, while Robinhood offers investors access to Stock Trading, Fractional Shares and Options Trading, neither have Forex Trading and Advisor Services. Looking at Mutual Funds, Robinhood trails Interactive Brokers in its offering of no transaction fee (NTF) mutual funds, with Interactive Brokers offering 4329 and Robinhood offering 0.
Which trading platform is better: Interactive Brokers or Robinhood?
To compare the trading platforms of Interactive Brokers and Robinhood, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Interactive Brokers offers a better experience. With research, Interactive Brokers offers superior market research. Finally, we found E*TRADE to provide better mobile trading apps.
Does either broker offer banking?
Online banking can be a benefit for investors, and some brokerages do provide banking services to customers. Debit Cards are available to customers of Interactive Brokers and Robinhood, neither have Checking Accounts, Savings Accounts, Credit Cards and Mortgage Loans.
Is Interactive Brokers good?
In 2022, Interactive Brokers remains our top pick for professionals because of its institutional-grade desktop trading platform and rock-bottom margin rates. Professionals aside, Interactive Brokers also appeals to active traders and casual investors with $0 trades and a user-friendly web platform.
Is Robinhood good?
Robinhood is very easy to use; however, now that all online brokers offer $0 stock and ETF trades, Robinhood's lack of trading tools and research leaves it a step behind the competition.
Interactive Brokers vs Robinhood Winner
Overall winner: E*TRADE
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