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Robinhood vs Interactive Brokers
Broker Name
Robinhood
Interactive Brokers
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
STP
Market maker
Years of Existence / Established Year
2013
1993
Customer Base / Number of Accounts
24.2 M
3.12M
Regulation & Security
Regulations (governing bodies)
FINRA,SIPC, SEC
SEC, FINRA, NYSE, FCA, FINMA, CFTC, MAS, SFC, CBI, IIROC, JFSA, MiFiD
Awards Won (count for the last 2 years)
Future Trends Corporates Award -2024, Future Trends Leader Award- 2024
Best Online Broker for Advanced Traders in 2024, Professional Trading 2024, #1 Best Online Broker in 2023, Best for Advanced Traders, Best Online Broker in 2024, Best Stock Broker for International Trading
Security Measures
SIPC, FDIC
SIPC
SSL Encryption / 2FA
Yes
Yes
Segregated Funds
No
Yes
Negative Balance Protection
Yes
Yes
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
5000+ trading instruments
150 Markets including Forecast and event contracts, Spot currencies,US spot Gold, Hedge funds
Currency Pairs
No
Yes
Commodities
No
No
Indices
No
No
Cryptocurrencies
Yes
Yes
CFDs
No
No
ETFs
Yes
Yes
Stocks
Yes
Yes
Options
Yes
Yes
Futures
Yes
Yes
Bonds
No
Yes
Mutual Funds
No
Yes
Fractional Shares
Exchange Traded Notes (ETNs)
No
No
Precious Metals
No
Yes
Real Estate Investment Trusts (REITs)
No
No
Equities
No
No
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
No
No
MT5
No
No
cTrader
No
No
Social Trading
No
Copy Trading
No
Yes
Other Trading Platforms (proprietary, etc.)
Mobile, web trading, Desktop trading
IBKR global Trader, Client Portal, Desktop, Mobile, Trader workstation, APIs, Forecast Trader, IMPACT
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Margin, IRA, and cash account
Individual, Joint, Trust, IRA and UGMA/UTMA Accounts, Non-Professional Advisor Accounts, Family Office Accounts, Small Business Accounts, Advisor Accounts, Money Manager Accounts, Broker & FCM Accounts, Proprietary Trading Group Accounts, Hedge Fund & Mutual Fund Accounts, Compliance Officers, Administrators, Institutional Hedge Fund Investors
Demo Account (Yes/No)
No
Yes
Islamic Accounts (Yes/No)
No
Yes
Minimum Deposit
$0
$0
Leverage Available
2:1
10:1 to 50:1
Trade Limit (maximum per trade)
Depends on assets class
EUR 5,000,000
Commission (per account type)
$0
$0
Best Suited For (e.g., beginners, experienced traders)
Beginners
Beginner to advanced traders
Deposit & Withdrawal Options
Deposit Methods
ACH, Instant bank transfer, Debit card, Wire transfer
ACH transfer, Link a new bank account, Bank wire, Transfer from wise balance, Scan a check , Mail a check, SEPA
Withdrawal Methods
Instant bank transfer, Debit card, Standard bank transfer
ACH, Check, Direct debit, Transfer to wise balance, Canadian ETF transfer, SEPA
Other E-Wallets Supported
No
No
Tools & Educational Resources
Economic Calendar
Yes
Yes
Tools & Educational Resources (tutorials, webinars, market news, etc.)
Learning Tutorials, Webinars, Market news and insights, Support and community
Traders' Academy (Online Courses), IBKR Webinars, Market Insights and Analysis, Trader's University (Video Tutorials), IBKR Quant Blog (Quantitative Trading), Customer Education (Trading Guides)
Fees & Commissions
Trading-Related Fees
Exchange and regulatory fees: $55 per trade, with a maximum of $0.02, Margin fees: 5.75%
IBKR Lite: Commission-free U.S. stocks, ETFs, and specific mutual funds, IBKR Pro: $0.005 per share, minimum $1 per trade
Spread (typical, fixed, variable)
NA
Fixed spread
Per Lot Fees
NA
NA
Options Contract Fees
$0.01
$0.65/contract
Futures Contract Fees
NA
$0.85
Markup Fees on Spread
0.50%
$1.50
Guaranteed Stop Loss Fees
NA
NA
Maximum Leverage
2:1
50:1
Non-Trading Fees
Dormant Fees
$0
$0
Subscription Fees (for premium features, data feeds)
$5 per month
NA
Advisory Fees
NA
It depends up on the account type
Swap Fees (Overnight Financing)
NA
over $10 million free
Statement or Document Fee
$2 per month
NA
Account Opening Fee
$0
$0
Account Maintenance Fee
$0
$0
Deposit Fee
$0
$0
Currency Conversion Fee
0.03%
$0.03
Withdrawal Fee
Withdrawal : 1.75%, Bank transfers- 0, Outgoing wire transfer $25 Domestic overnight check delivery $20, ACATS, Outgoing $100
$10 outgoing wire transfer fee
Bonuses, Promotions & Benefits
Bonuses, Promotions, and Referrals
Yes
Yes
Customer Benefits (e.g., Retirement Plan)
Yes
Yes
Trading Hours
Trading Hours (for each asset class if applicable)
8 PM ET Sunday until 8 PM ET Friday
9:30 AM - 4:00 PM ET, Monday through Friday Overnight trading hours: 8:00 PM ET - 3:50 AM ET, Sunday through Friday
Customer Support
Support Hours (e.g., 24/7, weekdays only)
7 AM - 9 PM ET
24/7
Customer Support Methods (phone, email, live chat)
App chat 24/7 , Phone- 650-761-7789, Robinhood Crypto- 888-275-8523
Phone: 1 (888) 919-0022, E-mail: [email protected], Live chat
Support Languages
1
33
Additional Information
Headquarters Location
Menlo Park, California , U.S.
Greenwich, Connecticut
Complaints (for crypto brokers)
No
No
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