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Interactive Brokers vs Robinhood 2025

StockBrokers.com

Written by StockBrokers.com

March 11, 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.

Interactive Brokers
5/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.65
Robinhood
4/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.00

Range of investments

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 Interactive Brokers logoInteractive Brokers
Robinhood logoRobinhood
Stock Trading info Yes Yes
Margin Trading info Yes Yes
Fractional Shares info Yes Yes
OTC Stocks info Yes No
Mutual Funds info Yes No
Options Trading info Yes Yes
Futures Trading info Yes No
Crypto Trading info Yes info Yes info
Crypto Trading - Total Coins info 11 info 22
Range of Investments 5/5 Stars 3.5/5 Stars

Dive deeper: Best Options Trading Platforms for 2025, Best Futures Trading Platforms for 2025

Trading platforms and tools

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 Interactive Brokers logoInteractive Brokers
Robinhood logoRobinhood
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 16
Charting - Drawing Tools info 85 23
Platforms & Tools 5/5 Stars 3.5/5 Stars

Dive deeper: Best Online Brokerage Accounts for 2025, Best Paper Trading Platforms for 2025

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Beginners and education

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 Interactive Brokers logoInteractive Brokers
Robinhood logoRobinhood
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 No
Webinars info Yes Yes
Education 5/5 Stars 4/5 Stars

Dive deeper: Best Stock Trading Platforms for Beginners of 2025

Stock trading apps

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 Interactive Brokers logoInteractive Brokers
Robinhood logoRobinhood
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info Yes Yes
Stock Alerts info Yes Yes
Charting - After-Hours info Yes Yes
Charting - Technical Studies info 97 6
Mobile Trading Apps 5/5 Stars 4.5/5 Stars

Dive deeper: Best Stock Trading Apps for 2025

Fees

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 Interactive Brokers logoInteractive Brokers
Robinhood logoRobinhood
Minimum Deposit info $0.00 $0.00
Stock Trades info $0.00 $0.00
Options (Per Contract) info $0.65 $0.00
Options Exercise Fee info $0.00 $0.00
Options Assignment Fee info $0.00 $0.00
IRA Annual Fee info $0.00 $0.00
IRA Closure Fee info $0.00 $0.00

Dive deeper: Best Free Trading Platforms for 2025

Day Trading

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 Interactive Brokers logoInteractive Brokers
Robinhood logoRobinhood
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 info
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 2025

Market Research

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 Interactive Brokers logoInteractive Brokers
Robinhood logoRobinhood
Research - Stocks info Yes Yes
Screener - Stocks info Yes Yes
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 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 Interactive Brokers logoInteractive Brokers
Robinhood logoRobinhood
Checking Accounts info No No
Savings Accounts info No No
Debit Cards info No Yes
Credit Cards info No Yes
Mortgage Loans info No No
CDs info Yes No

Dive deeper: Best Bank Accounts for Trading Stocks for 2025

Winner

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.

FAQs

Can you trade cryptocurrency with Interactive Brokers or Robinhood?

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

Does Interactive Brokers or Robinhood offer IRAs?

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

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Compare

0 of 5
Overall Rating Interactive Brokers Robinhood
Overall 5/5 Stars 4/5 Stars
Range of Investments 5/5 Stars 3.5/5 Stars
Platforms & Tools 5/5 Stars 3.5/5 Stars
Mobile Trading Apps 5/5 Stars 4.5/5 Stars
Research 5/5 Stars 2/5 Stars
Customer Service 4/5 Stars N/A
Education 5/5 Stars 4/5 Stars
Ease Of Use 5/5 Stars 4.5/5 Stars
Winner check_circle
Review Interactive Brokers Review Robinhood Review
Broker Screenshots Interactive Brokers Robinhood
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
Minimum Deposit info $0.00 $0.00
Stock Trades info $0.00 $0.00
Penny Stock Fees (OTC) info $0.01 N/A
Mutual Fund Trade Fee info $14.95 info N/A
Options (Per Contract) info $0.65 $0.00
Futures (Per Contract) info $0.85 (Not offered)
Broker Assisted Trade Fee info Varies N/A
Margin Rates Interactive Brokers Robinhood
Margin Rate Under $25,000 info 7.33% info 5.75%
Margin Rate $25,000 to $49,999.99 info 7.33% info 5.75%
Margin Rate $50,000 to $99,999.99 info 7.33% info 5.55%
Margin Rate $100,000 to $249,999.99 info 7.33% info 5.25%
Margin Rate $250,000 to $499,999.99 info 7.33% info 5.25%
Margin Rate $500,000 to $999,999.99 info 7.33% info 5.25%
Margin Rate Above $1,000,000 info 7.33% info 5% info
Account Fees Interactive Brokers Robinhood
IRA Annual Fee info $0.00 $0.00
IRA Closure Fee info $0.00 $0.00
Account Transfer Out (Partial) info $0.00 $100.00
Account Transfer Out (Full) info $0.00 $100.00
Options Exercise Fee info $0.00 $0.00
Options Assignment Fee info $0.00 $0.00
Investment Options Interactive Brokers Robinhood
Stock Trading info Yes Yes
Margin Trading info Yes Yes
Fractional Shares info Yes Yes
OTC Stocks info Yes No
Options Trading info Yes Yes
Complex Options Max Legs info 6 4
Futures Trading info Yes No
Forex Trading info Yes No
Crypto Trading info Yes info Yes info
Crypto Trading - Total Coins info 11 info 22
Mutual Funds (No Load) info 10988 0
Mutual Funds (Total) info 11456 0
Bonds (US Treasury) info Yes No
Bonds (Corporate) info Yes No
Bonds (Municipal) info Yes No
Traditional IRAs info Yes Yes
Roth IRAs info Yes Yes
Advisor Services info No No
International Countries (Stocks) info 34 0
Order Types Interactive Brokers Robinhood
Order Type - Market info Yes Yes
Order Type - Limit info Yes Yes
Order Type - After Hours info Yes Yes
Order Type - Stop info Yes Yes
Order Type - Trailing Stop info Yes Yes
Order Type - OCO info Yes No
Order Type - OTO info Yes No
Order Type - Broker Assisted info Yes No
Beginners Interactive Brokers Robinhood
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 No
Retirement Calculator info Yes No
Investor Dictionary info Yes Yes
Paper Trading info Yes No
Videos info Yes No
Webinars info Yes Yes
Webinars (Archived) info Yes No
Progress Tracking info Yes No
Interactive Learning - Quizzes info Yes No
Stock Trading Apps Interactive Brokers Robinhood
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info Yes Yes
Trading - Stocks info Yes Yes
Trading - After-Hours info Yes Yes
Trading - Simple Options info Yes Yes
Trading - Complex Options info Yes Yes
Order Ticket RT Quotes info Yes Yes
Order Ticket SRT Quotes info Yes Yes
Stock App Features Interactive Brokers Robinhood
Market Movers (Top Gainers) info Yes Yes
Stream Live TV info Yes No
Videos on Demand info Yes No
Stock Alerts info Yes Yes
Option Chains Viewable info Yes Yes
Watch List (Real-time) info Yes Yes
Watch List (Streaming) info Yes Yes
Watch Lists - Create & Manage info Yes Yes
Watch Lists - Column Customization info Yes Yes
Stock App Charting Interactive Brokers Robinhood
Charting - After-Hours info Yes Yes
Charting - Can Turn Horizontally info Yes No
Charting - Multiple Time Frames info Yes Yes
Charting - Technical Studies info 97 6
Charting - Study Customizations info Yes Yes
Charting - Stock Comparisons info No No
Trading Platforms Interactive Brokers Robinhood
Active Trading Platform info Trader Workstation (TWS) Robinhood Legend
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 Robinhood
Charting - Adjust Trades on Chart info Yes Yes
Charting - Indicators / Studies info 155 16
Charting - Drawing Tools info 85 23
Charting - Notes info Yes Yes
Charting - Index Overlays info Yes Yes
Charting - Historical Trades info Yes No
Charting - Corporate Events info Yes No
Charting - Custom Date Range info Yes Yes
Charting - Custom Time Bars info Yes Yes
Charting - Automated Analysis info Yes No
Charting - Save Profiles info Yes Yes
Trade Ideas - Technical Analysis info Yes No
Charting - Study Customizations info 6 1
Charting - Custom Studies info No No
Day Trading Interactive Brokers Robinhood
Streaming Time & Sales info Yes No
Streaming TV info Yes No
Direct Market Routing - Stocks info Yes No
Ladder Trading info Yes Yes
Trade Hotkeys info Yes No
Level 2 Quotes - Stocks info Yes No info
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 Robinhood
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 Yes
Screener - ETFs info Yes No
Screener - Mutual Funds info Yes No
Screener - Bonds info Yes No
Misc - Portfolio Allocation info Yes No
Stock Research Interactive Brokers Robinhood
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 Robinhood
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 Yes
ETFs - Top 10 Holdings info Yes Yes
ETFs - Sector Exposure info Yes Yes
ETFs - Risk Analysis info Yes No
ETFs - Ratings info Yes No
ETFs - Morningstar StyleMap info Yes No
ETFs - PDF Reports info Yes No info
Mutual Fund Research Interactive Brokers Robinhood
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 Robinhood
Option Chains - Basic View info Yes Yes
Option Chains - Strategy View info Yes Yes
Option Chains - Streaming info Yes Yes
Option Chains - Total Columns info 40 17
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 Yes
Option Positions - Adv Analysis info Yes No
Option Positions - Rolling info Yes Yes
Option Positions - Grouping info Yes Yes
Banking Interactive Brokers Robinhood
Bank (Member FDIC) info No No
Checking Accounts info No No
Savings Accounts info No No
Credit Cards info No Yes
Debit Cards info No Yes
Mortgage Loans info No No
Customer Service Interactive Brokers Robinhood
Phone Support (Prospect Customers) info Yes No
Phone Support (Current Customers) info Yes Yes
Email Support info Yes Yes
Live Chat (Prospect Customers) info No No
Live Chat (Current Customers) info Yes Yes
24/7 Support info No Yes
Overall Interactive Brokers Robinhood
Overall 5/5 Stars 4/5 Stars
Range of Investments 5/5 Stars 3.5/5 Stars
Platforms & Tools 5/5 Stars 3.5/5 Stars
Mobile Trading Apps 5/5 Stars 4.5/5 Stars
Research 5/5 Stars 2/5 Stars
Education 5/5 Stars 4/5 Stars
Ease Of Use 5/5 Stars 4.5/5 Stars
Winner check_circle
Review Interactive Brokers Review Robinhood Review
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