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Interactive Brokers vs Public.com 2024

StockBrokers.com

Written by StockBrokers.com

October 30, 2024

In this head to head comparison of Interactive Brokers vs Public.com, we will compare the trading platforms, mobile apps, investment options, costs, market research, and more. Let's dive in.

Interactive Brokers
4.5/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.65
Public.com
3.5/5 Stars Overall
  • Minimum Deposit: $20.00
  • Stock Trades: $0.00 info
  • Options (Per Contract): $0.00 info

Investment options

When comparing Interactive Brokers and Public.com, Interactive Brokers stands out as the more versatile platform, particularly for seasoned investors and those seeking a wider range of investment products. Rated 5 stars and ranked #1 by StockBrokers.com for investment options, Interactive Brokers offers a comprehensive suite of offerings including stock, margin, fractional shares, OTC stocks, mutual funds, options, forex, and futures trading. Additionally, they provide options for traditional and Roth IRA accounts, making it a well-rounded choice for diverse financial strategies. Meanwhile, Public.com, which holds a 3-star rating and ranks #15 in the same category, provides stock, margin, fractional shares, OTC stocks, options, and crypto trading, but its lesser variety, particularly in mutual funds, forex, futures, and retirement account options, may limit its appeal to more niche investors.

Interactive Brokers offers a broad array of investment opportunities including the ability to trade mutual funds and forex, both of which are not available on Public.com. With access to futures trading and retirement account options like traditional and Roth IRAs, Interactive Brokers caters to investors with complex trading goals and long-term planning in mind. These extensive investment options underscore why it receives top marks from industry reviews and appeals primarily to advanced and institutional traders. The robust selection provides an unparalleled platform for those looking to leverage different markets and asset classes.

On the other hand, Public.com's appeal lies in its simplicity and focus on social trading and cryptocurrency. While it does not match Interactive Brokers in terms of breadth, it excels with user-friendly access to stock and crypto trading, specifically offering 22 different crypto coins compared to Interactive Brokers' 4. Public.com targets a demographic interested in straightforward trading and investment community engagement, rather than comprehensive market exposure. Though it lacks certain investment products, its focus on fractional shares and a relatively expansive cryptocurrency selection might entice beginner and millennial investors looking for simple, modern investment approaches.

Feature Interactive Brokers logoInteractive Brokers
Public.com logoPublic.com
Stock Trading info Yes Yes
Margin Trading Yes Yes
Fractional Shares info Yes Yes
OTC Stocks info Yes Yes
Mutual Funds info Yes No
Options Trading info Yes Yes
Futures Trading info Yes No
Crypto Trading info Yes info Yes
Crypto Trading - Total Coins info 4 info 22
Investment Options 5/5 Stars 3/5 Stars

Dive deeper: Best Options Trading Platforms for 2024, Best Futures Trading Platforms for 2024

Trading platforms and tools

Interactive Brokers and Public.com cater to different types of investors with their trading platforms and tools, offering varied experiences. Interactive Brokers stands out with a comprehensive suite of trading tools, earning a perfect 5-star rating and ranking first among 18 brokers per StockBrokers.com. On the other hand, Public.com, while user-friendly, offers a more limited set of tools, reflected in its 2.5-star rating and 17th place rank. For experienced traders seeking advanced features and customization, Interactive Brokers is the preferred choice, whereas Public.com may appeal to beginner investors looking for simplicity.

Interactive Brokers provides versatile access to its trading platform, supporting both Windows and Mac desktop applications along with a robust browser-based option. In contrast, Public.com limits its users to a browser-based platform. Interactive Brokers also excels with features like paper trading, a trading journal, and the ability to adjust open orders directly on a stock chart—capabilities absent in Public.com’s offerings.

For charting, Interactive Brokers offers an extensive array of tools and customization options, boasting 155 technical indicators and 85 drawing tools. Users can also add notes to charts, set custom date ranges, and show historical trades, corporate events, and automated technical analysis. Meanwhile, Public.com provides no technical indicators, drawing tools, or advanced features like multiple chart profiles. Overall, Interactive Brokers’ extensive capabilities cater to power users, while Public.com's simplistic approach suits those new to investing.

Feature Interactive Brokers logoInteractive Brokers
Public.com logoPublic.com
Web Trading Platform info Yes Yes
Desktop Trading Platform info Yes No
Desktop Platform (Mac) info Yes No
Paper Trading info Yes No
Watch Lists - Total Fields info 659 3
Charting - Indicators / Studies info 155 0
Charting - Drawing Tools info 85 0
Platforms & Tools 5/5 Stars 2.5/5 Stars

Dive deeper: Best Stock Brokers & Trading Platforms for 2024, Best Paper Trading Platforms for 2024

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Beginners and education

Interactive Brokers and Public.com stand out for their educational resources tailored for beginners and investors, yet they vary significantly in their offerings. Interactive Brokers provides a comprehensive suite of educational materials, including stock, ETF, options, mutual funds, and bonds education. Moreover, it features interactive tools such as paper trading, educational videos, webinars, and quizzes—fostering a robust learning environment where users can track their progress efficiently. In contrast, Public.com delivers content on stocks, ETFs, and options and complements these with educational videos and webinars; however, it lacks resources on mutual funds, bonds, paper trading, and learning progress tracking, potentially leaving some gaps in a beginner’s educational journey.

When evaluated for their overall educational effectiveness, Interactive Brokers garners an impressive 4.5-star rating and ranks 5th out of 18 brokers on StockBrokers.com, reflecting its broad and interactive learning offerings. Public.com, on the other hand, is rated at 3 stars and holds the 15th spot, indicating room for improvement, particularly in diversifying and expanding its educational tools and resources to support novice investors more comprehensively.

Feature Interactive Brokers logoInteractive Brokers
Public.com logoPublic.com
Education (Stocks) info Yes Yes
Education (ETFs) info Yes Yes
Education (Options) info Yes Yes
Education (Mutual Funds) info Yes No
Education (Bonds) info Yes No
Paper Trading info Yes No
Videos info Yes Yes
Webinars info Yes Yes
Education 4.5/5 Stars 3/5 Stars

Dive deeper: Best Stock Trading Platforms for Beginners of 2024

Stock trading apps

When evaluating the capabilities of stock trading apps, Interactive Brokers emerges as a highly comprehensive solution compared to Public.com. Interactive Brokers consistently ranks higher, scoring 5 stars and securing the #1 position out of 18 brokers according to StockBrokers.com. In contrast, Public.com, while still reliable with a 4-star rating, stands at the #14 position. Both platforms offer iPhone and Android apps, but Interactive Brokers presents a more robust platform, particularly for traders seeking advanced features and tools.

Interactive Brokers excels in offering a wide array of features such as after-hours trading, mobile options trading, and streaming quotes; these functionalities are absent in Public.com. Additionally, Interactive Brokers provides value-added services like streaming live TV, videos on demand, and stock alerts. The ability to create custom watch lists and customize watch list columns further enhances the user experience on Interactive Brokers, an area where Public.com falls short, although it does allow for column customization. For charting enthusiasts, Interactive Brokers offers viewing across multiple time frames and landscape mode, along with 97 technical studies, compared to the zero technical studies provided by Public.com.

Despite Public.com's unique capability of displaying stock comparisons on charts, Interactive Brokers' offering in terms of after-hours charting and superior chart customization options makes it more appealing to advanced users. Furthermore, Interactive Brokers extends its reach into wearable tech with an Apple Watch app, which Public.com does not offer. Overall, for those prioritizing rich features and exceptional app performance, Interactive Brokers provides a superior user experience, making it the preferred choice for stock trading on the go.

Feature Interactive Brokers logoInteractive Brokers
Public.com logoPublic.com
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info Yes No
Stock Alerts info Yes No info
Charting - After-Hours info Yes No
Charting - Technical Studies info 97 0
Mobile Trading Apps 5/5 Stars 4/5 Stars

Dive deeper: Best Stock Trading Apps for 2024

Fees

When comparing Interactive Brokers to Public.com in terms of account fees and charges, Interactive Brokers emerges as a more cost-effective choice for investors seeking minimal overhead. With a $0 minimum deposit and zero fees on regular stock trades, Interactive Brokers offers an attractive platform for cost-conscious investors. Notably, it charges $0.65 per options contract while Public.com offers these at no extra cost, appealing to options traders. Both platforms offer free options exercise and assignment, but Interactive Brokers stands out with no charges for account transfers and lower margin interest rates for balances under $50,000 compared to Public.com.

Interactive Brokers sets a competitive stance with its $0 account transfer fees and no charges on IRA annual or closure fees, features that can save investors significant costs. Additionally, its margin interest rate of 7.33% for balances under $100,000 presents a more economical option than Public.com's 8.75% rate for balances below $50,000. For margin balances between $50,000 and $99,999, Public.com offers a slightly lower rate of 6.75%, which may appeal to investors holding higher balances. This positions Interactive Brokers favorably for smaller to medium account balances, while Public.com provides slight advantages to those with larger balances.

While both Interactive Brokers and Public.com offer no commissions on regular stock trades and free options processing, the distinction in fees becomes clearer when evaluating additional services and conditions like margin rates and transfer fees. Investors should carefully weigh these differences based on their trading habits and investment size. Overall, Interactive Brokers is ideal for those looking to minimize costs across various trading activities, while Public.com may cater to traders who benefit from zero options contract fees and competitive margin rates at higher investment levels.

Feature Interactive Brokers logoInteractive Brokers
Public.com logoPublic.com
Minimum Deposit $0.00 $20.00
Stock Trades $0.00 $0.00 info
Options (Per Contract) $0.65 $0.00 info
Options Exercise Fee $0.00 $0.00
Options Assignment Fee $0.00 $0.00
IRA Annual Fee $0.00
IRA Closure Fee $0.00
Commissions & Fees 4.5/5 Stars 4.5/5 Stars

Dive deeper: Best Free Trading Platforms for 2024

Day Trading

When evaluating day trading capabilities, Interactive Brokers offers a comprehensive package tailored for active traders, unmatched by Public.com. Interactive Brokers provides streaming time and sales for stocks, streaming live TV, direct market routing, and ladder trading. Additionally, Interactive Brokers supports trading hotkeys for rapid trade entry, level 2 quotes, and both basic and advanced strategy backtesting. For traders looking to short stocks, Interactive Brokers has a Short Locator tool for real-time availability, ensuring you have access to shares ready for short selling. Furthermore, their platform offers order liquidity rebates that can enhance the cost-effectiveness of frequent trades.

In contrast, Public.com lacks many of the features critical for day traders looking for precision and efficiency. Without streaming time and sales, direct market routing, or ladder trading, Public.com falls short for those who require immediate and actionable stock data. Similarly, the absence of trading hotkeys, level 2 quotes, and backtesting options limits the platform's appeal for strategy-driven traders. Additionally, the lack of a Short Locator tool and order liquidity rebates further diminishes its attractiveness for those seeking an all-in-one solution for competitive day trading. As such, Interactive Brokers serves as the more robust choice for those serious about day trading.

Feature Interactive Brokers logoInteractive Brokers
Public.com logoPublic.com
Streaming Time & Sales info Yes No
Streaming TV info Yes No
Direct Market Routing - Stocks info Yes No
Level 2 Quotes - Stocks info Yes No
Trade Ideas - Backtesting info Yes No
Trade Ideas - Backtesting Adv info Yes No
Short Locator info Yes No

Dive deeper: Best Day Trading Platforms for 2024

Market Research

When it comes to market research capabilities, Interactive Brokers significantly outshines Public.com. Interactive Brokers is rated 5 stars for its comprehensive market research features and ranks #2 out of 18 brokers according to StockBrokers.com. In contrast, Public.com holds a rating of 2 stars and is ranked #17, highlighting the vast difference in their offerings. Investors seeking in-depth research tools and insights will find Interactive Brokers to be the superior choice for informed decision-making.

Interactive Brokers offers a wide array of research options, including detailed analysis for stocks, ETFs, mutual funds, and bonds. It provides access to 15 downloadable PDF research reports for stocks and offers screeners across asset classes to generate trade ideas. Additionally, he integration of social media sentiment data and ESG research elevates Interactive Brokers’ market research capabilities, making it ideal for investors interested in well-rounded and forward-thinking investment analysis.

Public.com, while providing research capabilities for stocks and ETFs, falls short in various areas such as mutual funds, bonds, and portfolio allocation by asset class. The lack of downloadable PDF reports for stocks or ETFs, absence of social media sentiment analysis, and ESG research further diminish its standing as a comprehensive market research provider. For investors who prioritize in-depth research and broad data access, Interactive Brokers clearly surpasses Public.com in meeting those needs. 

Feature Interactive Brokers logoInteractive Brokers
Public.com logoPublic.com
Research - Stocks info Yes Yes
Screener - Stocks info Yes No
Research - ETFs info Yes Yes
Screener - ETFs info Yes No
Research - Mutual Funds info Yes No
Screener - Mutual Funds info Yes No
Research - Bonds info Yes No
Screener - Bonds info Yes No
Research 5/5 Stars 2/5 Stars

Banking

When comparing the banking capabilities of Interactive Brokers and Public.com, neither platform offers traditional banking services such as checking or savings accounts, and they both lack debit and credit card offerings. Additionally, mortgage loans are not available through either broker. However, a key difference is that Interactive Brokers does provide access to Certificates of Deposit (CDs), whereas Public.com does not have this option. This distinct feature may appeal to investors seeking diversified investment opportunities that include CDs, setting Interactive Brokers apart in this specific aspect of their financial services. Nonetheless, both platforms primarily focus on their core investment services rather than traditional banking products.

Feature Interactive Brokers logoInteractive Brokers
Public.com logoPublic.com
Checking Accounts info No No
Savings Accounts info No No
Debit Cards info No No
Credit Cards info No No
Mortgage Loans info No No
CDs info Yes No

Dive deeper: Best Bank Accounts for Trading Stocks for 2024

Winner

After opening live accounts and testing 18 of the best online brokers, our research and live account testing finds that Interactive Brokers is better than Public.com. Interactive Brokers finished with an overall score of 93.5%, while Public.com finished with a score of 72.9%.

Interactive Brokers is a go-to choice for professionals because of its institutional-grade desktop trading platform, high-quality trade executions and rock-bottom margin rates.

FAQs

Can you trade cryptocurrency with Interactive Brokers or Public.com?

Both Interactive Brokers and Public.com offer crypto trading, but while Interactive Brokers provides access to 4 cryptocurrencies, Public.com offers a wider selection with 22 coins available.

Dive deeper: Best Online Brokers for Crypto Trading in 2024

Does Interactive Brokers or Public.com offer IRAs?

Interactive Brokers provides comprehensive retirement account options with both traditional and Roth IRA accounts available, charging no annual or closure fees, whereas Public.com does not offer either traditional or Roth IRA accounts.

Dive deeper: Best IRA Accounts for 2024

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Compare

0 of 5
Overall Rating Interactive Brokers Public.com
Overall 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 5/5 Stars 3/5 Stars
Platforms & Tools 5/5 Stars 2.5/5 Stars
Mobile Trading Apps 5/5 Stars 4/5 Stars
Research 5/5 Stars 2/5 Stars
Customer Service 4/5 Stars N/A
Education 4.5/5 Stars 3/5 Stars
Ease Of Use 4.5/5 Stars 4/5 Stars
Winner check_circle
Review Interactive Brokers Review Public.com Review
Broker Screenshots Interactive Brokers Public.com
Trading Platform & Tools Gallery (click to expand)
Research Gallery (click to expand)
Mobile Trading Apps Gallery (click to expand)
Education Gallery (click to expand)
Trading Fees Interactive Brokers Public.com
Minimum Deposit $0.00 $20.00
Stock Trades $0.00 $0.00 info
Penny Stock Fees (OTC) info $0.01 $2.99
Mutual Fund Trade Fee $14.95 info n/a
Options (Per Contract) $0.65 $0.00 info
Futures (Per Contract) $0.85 (Not offered)
Broker Assisted Trade Fee Varies n/a
Margin Rates Interactive Brokers Public.com
Margin Rate Under $25,000 7.33% info 8.75%
Margin Rate $25,000 to $49,999.99 7.33% info 8.75%
Margin Rate $50,000 to $99,999.99 7.33% info 6.75%
Margin Rate $100,000 to $249,999.99 7.33% info 6.75%
Margin Rate $250,000 to $499,999.99 7.33% info 5.75%
Margin Rate $500,000 to $999,999.99 7.33% info 5.75%
Margin Rate Above $1,000,000 7.33% info 5.75%
Account Fees Interactive Brokers Public.com
IRA Annual Fee $0.00
IRA Closure Fee $0.00
Account Transfer Out (Partial) info $0.00 $75.00
Account Transfer Out (Full) info $0.00 $75.00
Options Exercise Fee $0.00 $0.00
Options Assignment Fee $0.00 $0.00
Investment Options Interactive Brokers Public.com
Stock Trading info Yes Yes
Margin Trading Yes Yes
Fractional Shares info Yes Yes
OTC Stocks info Yes Yes
Options Trading info Yes Yes
Complex Options Max Legs info 6 0
Futures Trading info Yes No
Forex Trading info Yes No
Crypto Trading info Yes info Yes
Crypto Trading - Total Coins info 4 info 22
Mutual Funds (No Load) info 10988 0
Mutual Funds (Total) info 11456 0
Bonds (US Treasury) info Yes Yes
Bonds (Corporate) info Yes Yes
Bonds (Municipal) info Yes No
Traditional IRAs info Yes No
Roth IRAs info Yes No
Advisor Services info No No
International Countries (Stocks) info 34 0
Order Types Interactive Brokers Public.com
Order Type - Market info Yes Yes
Order Type - Limit info Yes Yes
Order Type - After Hours info Yes Yes info
Order Type - Stop info Yes Yes
Order Type - Trailing Stop info Yes No
Order Type - OCO info Yes No
Order Type - OTO info Yes No
Order Type - Broker Assisted info Yes No
Beginners Interactive Brokers Public.com
Education (Stocks) info Yes Yes
Education (ETFs) info Yes Yes
Education (Options) info Yes Yes
Education (Mutual Funds) info Yes No
Education (Bonds) info Yes No
Education (Retirement) info Yes Yes
Retirement Calculator info Yes No
Investor Dictionary info Yes Yes
Paper Trading info Yes No
Videos info Yes Yes
Webinars info Yes Yes
Webinars (Archived) info Yes Yes
Progress Tracking info Yes No
Interactive Learning - Quizzes info Yes No
Stock Trading Apps Interactive Brokers Public.com
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info Yes No
Trading - Stocks info Yes Yes
Trading - After-Hours info Yes Yes
Trading - Simple Options info Yes Yes
Trading - Complex Options info Yes No
Order Ticket RT Quotes info Yes Yes
Order Ticket SRT Quotes info Yes No
Stock App Features Interactive Brokers Public.com
Market Movers (Top Gainers) info Yes Yes
Stream Live TV info Yes No
Videos on Demand info Yes No
Stock Alerts info Yes No info
Option Chains Viewable info Yes Yes
Watch List (Real-time) info Yes Yes
Watch List (Streaming) info Yes No
Watch Lists - Create & Manage info Yes No
Watch Lists - Column Customization info Yes Yes
Stock App Charting Interactive Brokers Public.com
Charting - After-Hours info Yes No
Charting - Can Turn Horizontally info Yes No
Charting - Multiple Time Frames info Yes Yes
Charting - Technical Studies info 97 0
Charting - Study Customizations info Yes No
Charting - Stock Comparisons info No Yes
Trading Platforms Interactive Brokers Public.com
Active Trading Platform info Trader Workstation (TWS) n/a
Desktop Trading Platform info Yes No
Desktop Platform (Mac) info Yes No
Web Trading Platform info Yes Yes
Paper Trading info Yes No
Trade Journal info Yes No
Watch Lists - Total Fields info 659 3
Stock Chart Features Interactive Brokers Public.com
Charting - Adjust Trades on Chart info Yes No
Charting - Indicators / Studies info 155 0
Charting - Drawing Tools info 85 0
Charting - Notes info Yes No
Charting - Index Overlays info Yes Yes
Charting - Historical Trades info Yes No
Charting - Corporate Events info Yes No
Charting - Custom Date Range info Yes No
Charting - Custom Time Bars info Yes No
Charting - Automated Analysis info Yes No
Charting - Save Profiles info Yes No
Trade Ideas - Technical Analysis info Yes No
Charting - Study Customizations info 6 0
Charting - Custom Studies info No No
Day Trading Interactive Brokers Public.com
Streaming Time & Sales info Yes No
Streaming TV info Yes No
Direct Market Routing - Stocks info Yes No
Ladder Trading info Yes No
Trade Hotkeys info Yes No
Level 2 Quotes - Stocks info Yes No
Trade Ideas - Backtesting info Yes No
Trade Ideas - Backtesting Adv info Yes No
Short Locator info Yes No
Order Liquidity Rebates info Yes No
Research Overview Interactive Brokers Public.com
Research - Stocks info Yes Yes
Research - ETFs info Yes Yes
Research - Mutual Funds info Yes No
Research - Pink Sheets / OTCBB info Yes Yes
Research - Bonds info Yes No
Screener - Stocks info Yes No
Screener - ETFs info Yes No
Screener - Mutual Funds info Yes No
Screener - Bonds info Yes No
Misc - Portfolio Allocation info Yes No info
Stock Research Interactive Brokers Public.com
Stock Research - PDF Reports info 15 info 0 info
Stock Research - Earnings info Yes Yes
Stock Research - Insiders info Yes No
Stock Research - Social info Yes No
Stock Research - News info Yes Yes
Stock Research - ESG info Yes No
Stock Research - SEC Filings info Yes No
ETF Research Interactive Brokers Public.com
ETFs - Strategy Overview info Yes Yes
ETF Fund Facts - Inception Date info Yes Yes
ETF Fund Facts - Expense Ratio info Yes Yes
ETF Fund Facts - Net Assets info Yes Yes
ETF Fund Facts - Total Holdings info Yes No
ETFs - Top 10 Holdings info Yes No
ETFs - Sector Exposure info Yes No
ETFs - Risk Analysis info Yes No
ETFs - Ratings info Yes No
ETFs - Morningstar StyleMap info Yes No
ETFs - PDF Reports info Yes No
Mutual Fund Research Interactive Brokers Public.com
Mutual Funds - Strategy Overview info Yes No
Mutual Funds - Performance Chart info Yes No
Mutual Funds - Performance Analysis info Yes No
Mutual Funds - Prospectus info Yes No
Mutual Funds - 3rd Party Ratings info Yes No
Mutual Funds - Fees Breakdown info Yes No
Mutual Funds - Top 10 Holdings info Yes No
Mutual Funds - Asset Allocation info Yes No
Mutual Funds - Sector Allocation info Yes No
Mutual Funds - Country Allocation info Yes No
Mutual Funds - StyleMap info Yes No
Options Trading Interactive Brokers Public.com
Option Chains - Basic View info Yes No
Option Chains - Strategy View info Yes No
Option Chains - Streaming info Yes No
Option Chains - Total Columns info 40 4
Option Chains - Greeks info 5 5
Option Chains - Quick Analysis info Yes Yes
Option Analysis - P&L Charts info Yes Yes
Option Probability Analysis info Yes No
Option Probability Analysis Adv info Yes No
Option Positions - Greeks info Yes Yes
Option Positions - Greeks Streaming info Yes No
Option Positions - Adv Analysis info Yes No
Option Positions - Rolling info Yes No
Option Positions - Grouping info Yes No
Banking Interactive Brokers Public.com
Bank (Member FDIC) info No No
Checking Accounts info No No
Savings Accounts info No No
Credit Cards info No No
Debit Cards info No No
Mortgage Loans info No No
Customer Service Interactive Brokers Public.com
Phone Support (Prospect Customers) info Yes No
Phone Support (Current Customers) info Yes No
Email Support info Yes Yes
Live Chat (Prospect Customers) info No Yes
Live Chat (Current Customers) info Yes Yes
24/7 Support info No No
Overall Interactive Brokers Public.com
Overall 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 5/5 Stars 3/5 Stars
Platforms & Tools 5/5 Stars 2.5/5 Stars
Mobile Trading Apps 5/5 Stars 4/5 Stars
Research 5/5 Stars 2/5 Stars
Education 4.5/5 Stars 3/5 Stars
Ease Of Use 4.5/5 Stars 4/5 Stars
Winner check_circle
Review Interactive Brokers Review Public.com Review
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