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. Looking at options, the base fees charged are the same for both brokers, $0. Robinhood's per contract rate of $0 is less than Interactive Brokers which charges $0.70. 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 offers clients Stock Trading and Options Trading while Interactive Brokers offers Stock Trading, Options Trading, Mutual Funds and Futures Trading. When it comes to mutual funds, Interactive Brokers offers its clients access to 11000 different mutual funds while Robinhood has 0 available funds, a difference of 11,000.
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 has virtual trading, Robinhood doesn't. 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 Checking Accounts and 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, both Interactive Brokers and Robinhood received Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading awards.
Overall, between Interactive Brokers and Robinhood, Interactive Brokers is the winner
Interactive Brokers Review