Skip to content

Interactive Brokers vs. Robinhood – A Detailed Comparison

Discover our detailed comparison of Interactive Brokers and Robinhood to help determine which is best for you. Whether you’re a seasoned trader or just starting out, choosing the right platform can significantly impact your trading experience. 

To make your research easier, we manually found key data for Interactive Brokers and Robinhood across the internet and compiled it all in this article. 

Overview of Interactive Brokers

Interactive Brokers (IBKR) is a well-established brokerage firm founded in 1978, known for providing advanced trading and investing services to a diverse clientele, including individual investors, institutions, and professional traders. IBKR offers competitive pricing for options and futures, but lacks when it comes to charting and ease of use.

Overview of Robinhood

Robinhood is a popular commission-free brokerage platform that was founded in 2013. It gained significant attention for its user-friendly mobile app and the democratization of investing by eliminating traditional trading fees. Robinhood has attracted a large user base, primarily consisting of millennials and new investors seeking easy access to financial markets.

Key Characteristics of Interactive Brokers and Robinhood

FeatureInteractive BrokersRobinhood
Platform TypeBrokerage PlatformBrokerage Platform
Tradeable AssetsStocks, ETFs, Mutual Funds, Options, Futures, Futures Options, Crypto, BondsStocks, ETFs, Options, Crypto
Charting FeaturesDownloadable desktop platforms, web platform, mobile appBasic charting on mobile and web app
DataMust buy real-time dataReal-time data with funded account
Premium PricingNo premium features$5/mo for Gold

Who is Interactive Brokers Best For?

Interactive Brokers is best for advanced traders who prefer to automate their trading strategies. IBKR is far from beginner-friendly, as the platforms are advanced and require some technical knowledge to utilize effectively. If you are looking for a modern, easy-to-use investing platform, IBKR is not your best option.

Who is Robinhood Best For?

Robinhood is best for beginners who want easy access to stocks, options, and crypto. The mobile app has an amazingly simple design, allowing anybody to take control of their financial future. Robinhood is a great choice for all investors except active traders requiring more advanced charting and order placement tools.

Trading Features and Tools

FeatureInteractive BrokersRobinhood
DRIPYes, but with feesYes, no fees
Margin TradingYesYes
InsuranceSIPC InsuredSIPC Insured
Mobile AppYesYes

Trading Costs and Commissions Compared

Fee TypeInteractive BrokersRobinhood
Equity CommissionFreeFree
Option Commission$0.65 per contractFree
Futures Commission$0.85 per contract, $0.25 microNo futures
Futures Options Commission$0.85 per contract, $0.25 microNo futures options
Option Exercise FeeNoneNone

Interactive Brokers vs Robinhood – Bottom Line

Choosing between Interactive Brokers and Robinhood depends on your specific trading needs, preferred trading tools, and the type of assets you’re interested in. 

Both platforms offer distinct advantages, but by considering the detailed comparison above, you can select the one that aligns best with your trading strategy and goals.

For more detailed reviews and comparisons, continue exploring our other articles on brokerage platform comparisons.

What is the Overall Best Charting Software?

I have reviewed and used nearly every trading platform available, and I believe that TradingView is the best overall charting software available. Here are some reasons why:

  • All of TradingView’s key features are free to use
  • TradingView provides real-time data for free whenever possible
  • You are not tied to a single broker and can use whichever you want while charting on TradingView
  • You can track all markets on a single platform, including stocks, ETFs, crypto, forex, and futures.
  • TradingView has an excellent economic calendar and various screeners

If you sign up for a TradingView account using my affiliate link, you can get a 30-day free trial of its premium features plus a $15 credit toward your subscription. However, signing up for a free trial is not required, and you can use nearly all of its features with a basic free account. You can read my full review of TradingView to learn more. 

Related Trading Platform Comparisons


Ninjatrader vs StockCharts

Fidelity vs Finviz

StockCharts vs tastytrade

MT4 vs thinkorswim

Finviz vs Ninjatrader

Recent Posts

tradingview logo

Join over 50 million traders who trust TradingView!

Technical Analysis
tradingview logo

Join over 50 million traders who trust TradingView!

×

Get Our Stocks & Options 101 eBook for FREE!

Learn How To:
– Craft a stock portfolio
– Leverage options trading
– Build financial freedom