Is Interactive Brokers better than Robinhood? Based on over 4,000 data points from our 2019 annual broker review, Interactive Brokers (80.99%) is better than Robinhood (46.99%).
Best For Professionals - Open Account
Exclusive Offer: New clients that open an account today receive a special margin rate
While Interactive Brokers does offer a $0 trading account type (IBKR Lite), the broker is best known for its professional traders accounts (IBKR Pro), where Interactive Brokers offers per-share pricing ($.005 per share with a $1 minimum per trade), and charges up to $20 per month between two minimum activity fees. Traders who can meet its $100,000 minimum deposit for margin trading are rewarded with an industry-leading commissions schedule, margin rates, and full support for international trading.Read full review.
Great Mobile App
Robinhood makes trading simple for beginners by offering an easy-to-use mobile app and $0 stock, options, ETF, and cryptocurrency trades. However, Robinhood makes money by accepting payment for order flow. Furthermore, few trading tools are offered, and there is no phone support. Read full review.