Online brokers compared for fees, trading platforms, safety and more. See how Interactive Brokers stacks up against Robinhood!
Last update of data—Dec 2022
Interactive Brokers is a US discount broker. It is listed on a stock exchange and regulated by several authorities, including top-tier ones like the FCA and the SEC.
Robinhood is a US-based zero-commission broker. It is overseen by FINRA, a top-tier regulator.
Recommended for traders looking for broad market access and a professional trading environment.
Recommended for beginners and buy-and-hold investors focusing on the US stock market.
Interactive Brokers
Interactive Brokers is a US discount broker. It is listed on a stock exchange and regulated by several authorities, including top-tier ones like the FCA and the SEC.
Recommended for traders looking for broad market access and a professional trading environment.
Robinhood
Robinhood is a US-based zero-commission broker. It is overseen by FINRA, a top-tier regulator.
Recommended for beginners and buy-and-hold investors focusing on the US stock market.
Interactive Brokers's service is slightly better than Robinhood's and a comparison of their fees shows that Interactive Brokers's fees are similar to Robinhood's.
Account opening takes more effort at Interactive Brokers compared to Robinhood, deposit and withdrawal processes are more seamless at Interactive Brokers, while customer service quality is better than Robinhood's.
Our experts rated the trading platform of Interactive Brokers as less user-friendly than the platform of Robinhood, found that clients have access to more markets and products with Interactive Brokers, while Robinhood provides somewhat lower-quality research and education.
Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.
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