Robinhood vs Interactive Brokers

Struggling to choose between Robinhood and Interactive Brokers? Both products offer unique advantages, making it a tough decision.

Robinhood is a Business & Commerce solution with tags like stocks, cryptocurrency, mobile, free, novice-investors.

It boasts features such as Commission-free trading of stocks, ETFs, options and cryptocurrencies, Fractional share investing, Intuitive mobile app interface, Research tools like analyst ratings and price targets, Cash management account with debit card and pros including No trade commissions or account minimums, Easy to use interface good for beginners, Fractional shares allow investing small amounts, Large selection of assets to trade.

On the other hand, Interactive Brokers is a Business & Commerce product tagged with brokerage, stocks, options, futures, forex, trading.

Its standout features include Comprehensive trading platforms, Access to global markets, Low commissions, Margin trading, Short selling, Automated trading, Mobile app, and it shines with pros like Very low trading commissions, Excellent trading platforms and tools, Access to many global markets, Good margin rates, Good customer service.

Feature	Robinhood	Interactive Brokers
Overall Score	N/A	N/A
Primary Category	Business & Commerce	Business & Commerce

Product Overview

Robinhood

Description: Robinhood is a popular free stock trading app that allows users to buy and sell stocks, ETFs, options and cryptocurrencies with no commissions or fees. It has an easy-to-use mobile interface aimed at novice investors.

Interactive Brokers

Description: Interactive Brokers is an online brokerage firm that provides trading services for stocks, options, futures, forex, bonds, and funds worldwide. It is known for low trading commissions and advanced trading platforms.

Key Features Comparison

Robinhood Features

• Commission-free trading of stocks, ETFs, options and cryptocurrencies
• Fractional share investing
• Intuitive mobile app interface
• Research tools like analyst ratings and price targets
• Cash management account with debit card

Interactive Brokers Features

• Comprehensive trading platforms
• Access to global markets
• Low commissions
• Margin trading
• Short selling
• Automated trading
• Mobile app

Pros & Cons Analysis

Robinhood

Pros

• No trade commissions or account minimums
• Easy to use interface good for beginners
• Fractional shares allow investing small amounts
• Large selection of assets to trade

Cons

• No retirement accounts like IRAs offered
• Limited customer service and support
• Frequent outages during peak trading times
• Limited research and analysis tools compared to full-service brokers

Interactive Brokers

Pros

• Very low trading commissions
• Excellent trading platforms and tools
• Access to many global markets
• Good margin rates
• Good customer service

Cons

• Website and platforms can be complex for new users
• High minimum deposit
• Limited research and education resources
• No fractional share trading

Pricing Comparison

Robinhood

• Free

Interactive Brokers

• Subscription-Based
• Pay-As-You-Go