The StockBrokers.com annual broker review assesses more than a dozen different brokers over six months, surfacing the best online stock brokers
. This review compares Interactive Brokers vs Robinhood. Is Interactive Brokers or Robinhood a better online broker?
First, we will make a comparison of the stock and option trading fees for trading with both brokers. Interactive Brokers and Robinhood both cost $0 per trade. With options, the base fee is $0 for both Interactive Brokers and Robinhood. Option contracts are pricier at Robinhood, costing $N/A versus $0.70 at Interactive Brokers. Note that some brokers charge a per-share fee instead of a flat-fee commission. For a full breakdown of commissions, read our online broker reviews
For our next comparison of these two brokers, being able to trade the way you want is a must. Robinhood provides its clients with Stock Trading while Interactive Brokers provides clients access to Stock Trading, Options Trading, Mutual Funds and Futures Trading. When it comes to mutual funds, Interactive Brokers offers its clients access to 10051 different mutual funds while Robinhood has 0 available funds, a difference of 10,051. Commission free ETFs can also be a nice plus, Interactive Brokers offers 45 commission free ETFs versus Robinhood's total of 0.
Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. Interactive Brokers offers virtual trading while Robinhood does not. For mobile trading, Interactive Brokers and Robinhood both have a iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Clients can have Debit Cards at Interactive Brokers while customers at Robinhood can have none of these. On the whole, when it comes to tools, research, and mobile trading, Interactive Brokers was rated Best in Class - Platforms & Tools and Best in Class - Mobile Trading, while Robinhood was rated none of these.
Overall, Interactive Brokers takes the upper hand with 4.00 stars over Robinhood's 2.50 stars.