Interactive Brokers vs Robinhood 2025
In this head to head comparison of Interactive Brokers vs Robinhood, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
In this head to head comparison of Interactive Brokers vs Robinhood, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
When comparing Interactive Brokers and Robinhood, it's clear that each caters to different types of investors, with Interactive Brokers shining in terms of its broad range of investment options. It offers capabilities like OTC stocks, mutual funds, forex, and futures trading, areas where Robinhood does not compete. However, for those focused on simplicity, Robinhood provides a user-friendly interface with popular features such as fractional shares, options, and crypto trading, boasting a selection of 22 cryptocurrencies compared to Interactive Brokers' 11.
Interactive Brokers stands out for its comprehensive investment choices, including stock, margin, and options trading. It is rated five stars for its range of investments, securing the top spot among 15 brokers as per StockBrokers.com. In contrast, Robinhood, with a rating of 3.5 stars, ranks 12th, reflecting its more streamlined selection. While both platforms offer stock trading, margin accounts, and typical IRA options, Interactive Brokers supports advanced trading in forex and futures—features absent from Robinhood's offerings.
Both platforms cater to crypto enthusiasts by supporting cryptocurrency trading, with Robinhood slightly exceeding Interactive Brokers in the number of coins available for trading. Additionally, both brokers offer traditional and Roth IRA accounts but do not provide advisor services. Ultimately, investors seeking extensive market exposure and varied products may lean towards Interactive Brokers, while those prioritizing an intuitive interface with essential investment options might prefer Robinhood.
Feature |
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Stock Trading | Yes | Yes |
Margin Trading | Yes | Yes |
Fractional Shares | Yes | Yes |
OTC Stocks | Yes | No |
Mutual Funds | Yes | No |
Options Trading | Yes | Yes |
Futures Trading | Yes | No |
Crypto Trading | Yes | Yes |
Crypto Trading - Total Coins | 11 | 22 |
Range of Investments |
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Dive deeper: Best Options Trading Platforms for 2025, Best Futures Trading Platforms for 2025
Interactive Brokers stands out as a more comprehensive option for users seeking advanced trading tools and features, whereas Robinhood offers a simplified and user-friendly experience. While Interactive Brokers boasts a multitude of trading platforms and tools, including downloadable desktop options for Windows and Mac, Robinhood remains accessible with its online interface. Interactive Brokers ranks higher overall, reflecting its wide range of functionalities and customization options tailored for in-depth market analysis.
One notable distinction lies in the availability of paper trading and trading journals, where Interactive Brokers excels, offering both features to help traders refine their strategies without financial risk. Conversely, Robinhood lacks these options, which may appeal more to beginners or those preferring a straightforward approach. When it comes to watch lists, Interactive Brokers provides users with an impressive 659 fields to customize, compared to Robinhood's three.
Charting capabilities further highlight the differences, with Interactive Brokers offering 155 technical indicators and 85 drawing tools, significantly more than Robinhood's 16 indicators and 23 drawing tools. Both platforms allow users to adjust open orders on charts, but Interactive Brokers goes a step further by displaying historical trades and corporate events, enhancing the analytical depth. Users keen on customizing charts will find more flexibility with Interactive Brokers, although both platforms support saving multiple chart profiles and setting custom date ranges.
Feature |
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|
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Web Trading Platform | Yes | Yes |
Desktop Trading Platform | Yes | No |
Desktop Platform (Mac) | Yes | No |
Paper Trading | Yes | No |
Watch Lists - Total Fields | 659 | 3 |
Charting - Indicators / Studies | 155 | 16 |
Charting - Drawing Tools | 85 | 23 |
Platforms & Tools |
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Dive deeper: Best Online Brokerage Accounts for 2025, Best Paper Trading Platforms for 2025
When it comes to investor education, Interactive Brokers and Robinhood both provide valuable resources, but they cater to beginners in different ways. Interactive Brokers shines with an extensive range of educational offerings. It covers a wide array of topics including stocks, ETFs, options, mutual funds, and bonds, making it a great fit for those looking to deeply understand different investment types. The platform also offers paper trading, which allows beginners to practice without financial risk. Interactive Brokers enhances the learning experience with educational videos, webinars, and quizzes, while also providing tools for users to track their learning progress.
Robinhood, on the other hand, focuses primarily on simplicity and ease of use, offering education in stocks, ETFs, and options. While it doesn't provide insights into mutual funds or bonds, it compensates with webinars that help users become more familiar with investing. However, Robinhood does not offer paper trading or the opportunity to track learning progress. According to StockBrokers.com, Interactive Brokers is ranked third, boasting an impressive 5-star rating for education, while Robinhood holds the ninth position with a 4-star rating. Both platforms provide valuable resources, but Interactive Brokers might be the better choice for those seeking a deeper dive into investor education.
Feature |
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|
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Education (Stocks) | Yes | Yes |
Education (ETFs) | Yes | Yes |
Education (Options) | Yes | Yes |
Education (Mutual Funds) | Yes | No |
Education (Bonds) | Yes | No |
Paper Trading | Yes | No |
Videos | Yes | No |
Webinars | Yes | Yes |
Education |
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Dive deeper: Best Stock Trading Platforms for Beginners of 2025
When comparing the stock trading app capabilities of Interactive Brokers and Robinhood, both platforms offer iPhone and Android compatibility, along with support for smart devices like the Apple Watch. However, Interactive Brokers takes a lead with its array of advanced features. It provides streaming live TV and videos on demand, elements that Robinhood lacks. While both platforms offer mobile options trading, Interactive Brokers delivers a more comprehensive charting experience, with 97 technical studies available compared to Robinhood's 6. These elements help Interactive Brokers achieve a five-star rating and a #2 ranking from StockBrokers.com, whereas Robinhood holds a respectable 4.5-star rating and a #7 ranking.
Interactive Brokers and Robinhood both allow users to engage in mobile after-hours stock trading, create custom watch lists, and customize watch list columns. They also offer stock alerts and landscape view for charts, although Robinhood falls short in providing this particular feature. Furthermore, both platforms support charting across multiple time frames, although only Interactive Brokers offers after-hours charting for a deeper analytical approach.
Overall, while both Interactive Brokers and Robinhood cater to modern traders with a range of functionalities, Interactive Brokers distinguishes itself with enhanced multimedia options and an extensive collection of technical studies. These attributes make it the preferred choice for traders seeking a richer, more feature-packed trading experience.
Feature |
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iPhone App | Yes | Yes |
Android App | Yes | Yes |
Apple Watch App | Yes | Yes |
Stock Alerts | Yes | Yes |
Charting - After-Hours | Yes | Yes |
Charting - Technical Studies | 97 | 6 |
Mobile Trading Apps |
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Dive deeper: Best Stock Trading Apps for 2025
Interactive Brokers and Robinhood both offer competitive pricing structures that cater to different preferences in the world of online trading. For those seeking a no-cost initiation, both platforms present no minimum deposit requirement and offer commission-free trades for regular stocks. However, when it comes to trading options, Robinhood eliminates the per-contract fee altogether, whereas Interactive Brokers charges $0.65 per options contract. This difference may appeal to cost-conscious options traders who prioritize minimizing fees.
Delving into margin trading fees, Robinhood offers more favorable rates across various balance tiers. Both platforms have no charges for IRA annual fees or closure fees, offering a wallet-friendly choice for retirement accounts. Account transfers (ACAT) also showcase notable differences, as Interactive Brokers handles both partial and full transfers free of charge. In contrast, Robinhood imposes a $100 fee for both partial and full account transfers, which could be a consideration if transferring accounts frequently is part of your strategy.
For traders interested in additional charges, it's reassuring that neither platform charges for options exercise or assignment. This standardization allows users to focus on their trading strategies without worrying about unexpected costs. Each platform has its strengths; Interactive Brokers may attract those who prioritize thorough ancillary services, while cost-sensitive traders might lean toward Robinhood for its fee-saving perks, particularly in options trading and margin rates.
Feature |
|
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Minimum Deposit | $0.00 | $0.00 |
Stock Trades | $0.00 | $0.00 |
Options (Per Contract) | $0.65 | $0.00 |
Options Exercise Fee | $0.00 | $0.00 |
Options Assignment Fee | $0.00 | $0.00 |
IRA Annual Fee | $0.00 | $0.00 |
IRA Closure Fee | $0.00 | $0.00 |
Dive deeper: Best Free Trading Platforms for 2025
When comparing Interactive Brokers and Robinhood for day trading, it's clear that Interactive Brokers offers a variety of features tailored to the needs of active traders. Interactive Brokers provides streaming time and sales for stocks, allowing traders to track transactions in real time. Additionally, it offers streaming live TV, direct market routing for stocks, level 2 quotes, and a short locator tool for viewing the availability of shares to short. These features can be particularly valuable for those looking to make informed, split-second decisions in the market. In contrast, Robinhood does not offer these capabilities, which might limit the depth of data and insights available to its users.
For traders interested in advanced features, Interactive Brokers supports basic and advanced strategy backtesting as well as trading hotkeys for keyboard trade entry, providing the tools needed for analyzing and executing complex trading strategies efficiently. Moreover, Interactive Brokers offers ladder trading and order liquidity (maker/taker) rebates, potentially reducing trading costs. While Robinhood does share the ladder trading feature, it lacks these additional tools and incentives, which could be pivotal for a day trader. Therefore, Interactive Brokers seems better equipped to meet the needs of those who require comprehensive data and strategic flexibility.
Feature |
|
|
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Streaming Time & Sales | Yes | No |
Streaming TV | Yes | No |
Direct Market Routing - Stocks | Yes | No |
Level 2 Quotes - Stocks | Yes | No |
Trade Ideas - Backtesting | Yes | No |
Trade Ideas - Backtesting Adv | Yes | No |
Short Locator | Yes | No |
Dive deeper: Best Day Trading Platforms for 2025
When it comes to market research capabilities, Interactive Brokers clearly outshines Robinhood. Interactive Brokers offers a comprehensive suite of research options, securing a 5-star rating compared to Robinhood’s 2-star rating for market research. StockBrokers.com ranks Interactive Brokers as the fourth best in market research out of 15 brokers, while Robinhood lags behind at the tenth position. Such comparisons highlight Interactive Brokers as a more favorable choice for those who place high value on extensive research in making investment decisions.
Interactive Brokers makes detailed stock, ETF, and mutual fund research easily accessible with downloadable PDF reports. It also provides research for Pink Sheets/OTCBB and bonds—a feature Robinhood does not offer for either bonds or mutual funds. Additionally, Interactive Brokers includes unique tools such as portfolio allocation by asset class and ESG research, allowing for a broader perspective on investments. These features are absent in Robinhood's offerings, which may limit an investor's ability to fully engage in informed decision-making.
Further solidifying its edge, Interactive Brokers incorporates social media sentiment data in its stock research, giving clients a modern angle on market movements. The platform also supplies screeners for stocks, ETFs, mutual funds, and bonds to generate trade ideas, enhancing its attractiveness to comprehensive researchers. By contrast, Robinhood only provides a basic stock screener, lacking additional tools to broaden research scope. Altogether, Interactive Brokers stands out for its extensive, in-depth market research tools tailored to serious investors.
Feature |
|
|
---|---|---|
Research - Stocks | Yes | Yes |
Screener - Stocks | Yes | Yes |
Research - ETFs | Yes | Yes |
Screener - ETFs | Yes | No |
Research - Mutual Funds | Yes | No |
Screener - Mutual Funds | Yes | No |
Research - Bonds | Yes | No |
Screener - Bonds | Yes | No |
Research |
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When evaluating the banking capabilities of online brokers Interactive Brokers and Robinhood, several key differences come to light. Neither Interactive Brokers nor Robinhood provides traditional checking or savings accounts and both platforms do not offer mortgage loan services. However, there are distinctions in other areas. Interactive Brokers does provide Certificates of Deposit (CDs), whereas Robinhood does not. On the other hand, Robinhood offers additional banking features that Interactive Brokers lacks, such as access to both debit and credit cards. These distinctions highlight varying opportunities and tools each platform presents to users seeking banking-like services alongside their trading activities.
Feature |
|
|
---|---|---|
Checking Accounts | No | No |
Savings Accounts | No | No |
Debit Cards | No | Yes |
Credit Cards | No | Yes |
Mortgage Loans | No | No |
CDs | Yes | No |
Dive deeper: Best Bank Accounts for Trading Stocks for 2025
After opening live accounts and testing 15 of the best online brokers, our research and live account testing finds that Interactive Brokers is better than Robinhood. Interactive Brokers finished with an overall score of 96.9%, while Robinhood finished with a score of 77.3%.
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.
Both Interactive Brokers and Robinhood offer crypto trading, with Interactive Brokers providing 11 coins and Robinhood offering a broader selection of 22 coins.
Dive deeper: Best Online Brokers for Crypto Trading in 2025
Interactive Brokers and Robinhood both offer traditional and Roth IRA accounts with no annual or closure fees, making them both cost-effective options for retirement savings.
Dive deeper: Best IRA Accounts for 2025
Select Brokers
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0 of 5Overall Rating | Interactive Brokers | Robinhood | |
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Platforms & Tools |
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Mobile Trading Apps |
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Research |
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Customer Service |
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Education |
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Ease Of Use |
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Winner | check_circle | ||
Review | Interactive Brokers Review | Robinhood Review |
Broker Screenshots | Interactive Brokers | Robinhood | |
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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 | Robinhood | |
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Minimum Deposit | $0.00 | $0.00 | |
Stock Trades | $0.00 | $0.00 | |
Penny Stock Fees (OTC) | $0.01 | N/A | |
Mutual Fund Trade Fee | $14.95 | N/A | |
Options (Per Contract) | $0.65 | $0.00 | |
Futures (Per Contract) | $0.85 | (Not offered) | |
Broker Assisted Trade Fee | Varies | N/A |
Margin Rates | Interactive Brokers | Robinhood | |
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Margin Rate Under $25,000 | 7.33% | 5.75% | |
Margin Rate $25,000 to $49,999.99 | 7.33% | 5.75% | |
Margin Rate $50,000 to $99,999.99 | 7.33% | 5.55% | |
Margin Rate $100,000 to $249,999.99 | 7.33% | 5.25% | |
Margin Rate $250,000 to $499,999.99 | 7.33% | 5.25% | |
Margin Rate $500,000 to $999,999.99 | 7.33% | 5.25% | |
Margin Rate Above $1,000,000 | 7.33% | 5% |
Account Fees | Interactive Brokers | Robinhood | |
---|---|---|---|
IRA Annual Fee | $0.00 | $0.00 | |
IRA Closure Fee | $0.00 | $0.00 | |
Account Transfer Out (Partial) | $0.00 | $100.00 | |
Account Transfer Out (Full) | $0.00 | $100.00 | |
Options Exercise Fee | $0.00 | $0.00 | |
Options Assignment Fee | $0.00 | $0.00 |
Investment Options | Interactive Brokers | Robinhood | |
---|---|---|---|
Stock Trading | Yes | Yes | |
Margin Trading | Yes | Yes | |
Fractional Shares | Yes | Yes | |
OTC Stocks | Yes | No | |
Options Trading | Yes | Yes | |
Complex Options Max Legs | 6 | 4 | |
Futures Trading | Yes | No | |
Forex Trading | Yes | No | |
Crypto Trading | Yes | Yes | |
Crypto Trading - Total Coins | 11 | 22 | |
Mutual Funds (No Load) | 10988 | 0 | |
Mutual Funds (Total) | 11456 | 0 | |
Bonds (US Treasury) | Yes | No | |
Bonds (Corporate) | Yes | No | |
Bonds (Municipal) | Yes | No | |
Traditional IRAs | Yes | Yes | |
Roth IRAs | Yes | Yes | |
Advisor Services | No | No | |
International Countries (Stocks) | 34 | 0 |
Order Types | Interactive Brokers | Robinhood | |
---|---|---|---|
Order Type - Market | Yes | Yes | |
Order Type - Limit | Yes | Yes | |
Order Type - After Hours | Yes | Yes | |
Order Type - Stop | Yes | Yes | |
Order Type - Trailing Stop | Yes | Yes | |
Order Type - OCO | Yes | No | |
Order Type - OTO | Yes | No | |
Order Type - Broker Assisted | Yes | No |
Beginners | Interactive Brokers | Robinhood | |
---|---|---|---|
Education (Stocks) | Yes | Yes | |
Education (ETFs) | Yes | Yes | |
Education (Options) | Yes | Yes | |
Education (Mutual Funds) | Yes | No | |
Education (Bonds) | Yes | No | |
Education (Retirement) | Yes | No | |
Retirement Calculator | Yes | No | |
Investor Dictionary | Yes | Yes | |
Paper Trading | Yes | No | |
Videos | Yes | No | |
Webinars | Yes | Yes | |
Webinars (Archived) | Yes | No | |
Progress Tracking | Yes | No | |
Interactive Learning - Quizzes | Yes | No |
Stock Trading Apps | Interactive Brokers | Robinhood | |
---|---|---|---|
iPhone App | Yes | Yes | |
Android App | Yes | Yes | |
Apple Watch App | Yes | Yes | |
Trading - Stocks | Yes | Yes | |
Trading - After-Hours | Yes | Yes | |
Trading - Simple Options | Yes | Yes | |
Trading - Complex Options | Yes | Yes | |
Order Ticket RT Quotes | Yes | Yes | |
Order Ticket SRT Quotes | Yes | Yes |
Stock App Features | Interactive Brokers | Robinhood | |
---|---|---|---|
Market Movers (Top Gainers) | Yes | Yes | |
Stream Live TV | Yes | No | |
Videos on Demand | Yes | No | |
Stock Alerts | Yes | Yes | |
Option Chains Viewable | Yes | Yes | |
Watch List (Real-time) | Yes | Yes | |
Watch List (Streaming) | Yes | Yes | |
Watch Lists - Create & Manage | Yes | Yes | |
Watch Lists - Column Customization | Yes | Yes |
Stock App Charting | Interactive Brokers | Robinhood | |
---|---|---|---|
Charting - After-Hours | Yes | Yes | |
Charting - Can Turn Horizontally | Yes | No | |
Charting - Multiple Time Frames | Yes | Yes | |
Charting - Technical Studies | 97 | 6 | |
Charting - Study Customizations | Yes | Yes | |
Charting - Stock Comparisons | No | No |
Trading Platforms | Interactive Brokers | Robinhood | |
---|---|---|---|
Active Trading Platform | Trader Workstation (TWS) | Robinhood Legend | |
Desktop Trading Platform | Yes | No | |
Desktop Platform (Mac) | Yes | No | |
Web Trading Platform | Yes | Yes | |
Paper Trading | Yes | No | |
Trade Journal | Yes | No | |
Watch Lists - Total Fields | 659 | 3 |
Stock Chart Features | Interactive Brokers | Robinhood | |
---|---|---|---|
Charting - Adjust Trades on Chart | Yes | Yes | |
Charting - Indicators / Studies | 155 | 16 | |
Charting - Drawing Tools | 85 | 23 | |
Charting - Notes | Yes | Yes | |
Charting - Index Overlays | Yes | Yes | |
Charting - Historical Trades | Yes | No | |
Charting - Corporate Events | Yes | No | |
Charting - Custom Date Range | Yes | Yes | |
Charting - Custom Time Bars | Yes | Yes | |
Charting - Automated Analysis | Yes | No | |
Charting - Save Profiles | Yes | Yes | |
Trade Ideas - Technical Analysis | Yes | No | |
Charting - Study Customizations | 6 | 1 | |
Charting - Custom Studies | No | No |
Day Trading | Interactive Brokers | Robinhood | |
---|---|---|---|
Streaming Time & Sales | Yes | No | |
Streaming TV | Yes | No | |
Direct Market Routing - Stocks | Yes | No | |
Ladder Trading | Yes | Yes | |
Trade Hotkeys | Yes | No | |
Level 2 Quotes - Stocks | Yes | No | |
Trade Ideas - Backtesting | Yes | No | |
Trade Ideas - Backtesting Adv | Yes | No | |
Short Locator | Yes | No | |
Order Liquidity Rebates | Yes | No |
Research Overview | Interactive Brokers | Robinhood | |
---|---|---|---|
Research - Stocks | Yes | Yes | |
Research - ETFs | Yes | Yes | |
Research - Mutual Funds | Yes | No | |
Research - Pink Sheets / OTCBB | Yes | Yes | |
Research - Bonds | Yes | No | |
Screener - Stocks | Yes | Yes | |
Screener - ETFs | Yes | No | |
Screener - Mutual Funds | Yes | No | |
Screener - Bonds | Yes | No | |
Misc - Portfolio Allocation | Yes | No |
Stock Research | Interactive Brokers | Robinhood | |
---|---|---|---|
Stock Research - PDF Reports | 15 | 0 | |
Stock Research - Earnings | Yes | Yes | |
Stock Research - Insiders | Yes | No | |
Stock Research - Social | Yes | No | |
Stock Research - News | Yes | Yes | |
Stock Research - ESG | Yes | No | |
Stock Research - SEC Filings | Yes | No |
ETF Research | Interactive Brokers | Robinhood | |
---|---|---|---|
ETFs - Strategy Overview | Yes | Yes | |
ETF Fund Facts - Inception Date | Yes | Yes | |
ETF Fund Facts - Expense Ratio | Yes | Yes | |
ETF Fund Facts - Net Assets | Yes | Yes | |
ETF Fund Facts - Total Holdings | Yes | Yes | |
ETFs - Top 10 Holdings | Yes | Yes | |
ETFs - Sector Exposure | Yes | Yes | |
ETFs - Risk Analysis | Yes | No | |
ETFs - Ratings | Yes | No | |
ETFs - Morningstar StyleMap | Yes | No | |
ETFs - PDF Reports | Yes | No |
Mutual Fund Research | Interactive Brokers | Robinhood | |
---|---|---|---|
Mutual Funds - Strategy Overview | Yes | No | |
Mutual Funds - Performance Chart | Yes | No | |
Mutual Funds - Performance Analysis | Yes | No | |
Mutual Funds - Prospectus | Yes | No | |
Mutual Funds - 3rd Party Ratings | Yes | No | |
Mutual Funds - Fees Breakdown | Yes | No | |
Mutual Funds - Top 10 Holdings | Yes | No | |
Mutual Funds - Asset Allocation | Yes | No | |
Mutual Funds - Sector Allocation | Yes | No | |
Mutual Funds - Country Allocation | Yes | No | |
Mutual Funds - StyleMap | Yes | No |
Options Trading | Interactive Brokers | Robinhood | |
---|---|---|---|
Option Chains - Basic View | Yes | Yes | |
Option Chains - Strategy View | Yes | Yes | |
Option Chains - Streaming | Yes | Yes | |
Option Chains - Total Columns | 40 | 17 | |
Option Chains - Greeks | 5 | 5 | |
Option Chains - Quick Analysis | Yes | Yes | |
Option Analysis - P&L Charts | Yes | Yes | |
Option Probability Analysis | Yes | No | |
Option Probability Analysis Adv | Yes | No | |
Option Positions - Greeks | Yes | Yes | |
Option Positions - Greeks Streaming | Yes | Yes | |
Option Positions - Adv Analysis | Yes | No | |
Option Positions - Rolling | Yes | Yes | |
Option Positions - Grouping | Yes | Yes |
Banking | Interactive Brokers | Robinhood | |
---|---|---|---|
Bank (Member FDIC) | No | No | |
Checking Accounts | No | No | |
Savings Accounts | No | No | |
Credit Cards | No | Yes | |
Debit Cards | No | Yes | |
Mortgage Loans | No | No |
Customer Service | Interactive Brokers | Robinhood | |
---|---|---|---|
Phone Support (Prospect Customers) | Yes | No | |
Phone Support (Current Customers) | Yes | Yes | |
Email Support | Yes | Yes | |
Live Chat (Prospect Customers) | No | No | |
Live Chat (Current Customers) | Yes | Yes | |
24/7 Support | No | Yes |
Overall | Interactive Brokers | Robinhood | |
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Overall |
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Platforms & Tools |
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Research |
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Education |
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Ease Of Use |
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Winner | check_circle | ||
Review | Interactive Brokers Review | Robinhood Review |