Comparison Interactive Brokers vs Robinhood

A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Interactive Brokers vs Robinhood. Which of them: Interactive Brokers or Robinhood a better online broker?

Firstly, let’s compare commission fees provided by these brokers for regular transactions. The commission fee of Interactive Brokers on regular transactions of the stock exchange is $0.005, and Robinhood has a commission fee of commission-free. Let’s analyze the commission fees on trading options. Interactive Brokers has a commission fee of $0 + $0.70 per contract, Robinhood has a commission fee of commission-free. The full online broker reviews contains more detailed information on the brokers’ commission fees.

Investors should always know about types of online trading supported by broker and about tools provided by them in trading. It is very important information as well. Let’s compare them. are Interactive Brokers provides customers with Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading, Crypto Trading, Robo Advisor, and Robinhood provides customers with Stocks Trading, Options Trading, ETFs Trading, Crypto Trading. Concerning the platforms, Interactive Brokers uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App, while Robinhood uses Web Platform, Android App, iOS App.

Finally, by comparing the two online brokers, we want to pay attention to the year and country of establishing, the regulatory authorities and the possibility of withdrawing funds. Interactive Brokers was founded in 1978 in United States, and it is regulated by NYSE, FINRA, SIPC. And Robinhood was founded in 2013 in USA, and it is regulated by SEC, FINRA. We can withdraw funds from Interactive Brokers with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is $0. And Robinhood provides the ability to withdraw funds with the help of Bank Wire, and its withdrawal fee is free. The withdrawal time for Interactive Brokers is 3-5 days, and that one for Robinhood is 5 days trading holding period for uninvested funds.

Overall, Interactive Brokers boasts 4.1 stars versus Robinhood 3.4 stars.