Interactive brokers vs robinhood reddit

Interactive brokers vs robinhood reddit. Go with Robinhood. Overall, I'd say Schwab and TD clients are far better designed. New clients, special margin rates. May 22, 2024 · ETF & Stock Trading: With superior mobile and desktop platforms, Interactive Brokers is the recommended choice. You can. Vanguard is my second favorite brokerage (Robinhood my first) so if you like it there, I don't see any reason to switch. Ally Bank. Robinhood says this : Please note, all market orders for equities, if filled, receive the National Best Bid and Offer (NBBO) price because our executing brokers are bound by U. Robinhood isnt making people do worse at trading. The biggest thing I miss about Robinhood is having access to my money instantly. Robinhood: Commissions & fees. Robinhood is the worst platform. an ETH buyer, would choose uniswap charging rather high fees over robinhood which has no fees. Reply. E*TRADE is honestly one of the top brokerages. That's what I'm doing too; OH, for research and options, Robinhood for shares (though I might move to Interactive Brokers if an ACATS portfolio transfer is free). Fixed fees. Options contracts are commission-free, but crypto 5 days ago · Both of these brokers offer $0 commission stock and ETF trades. 00. Join us on Discord: https://discord. Interactive Brokers is a go-to choice for professionals because of its institutional-grade desktop trading platform, high-quality trade executions and rock-bottom margin rates. I would consider Gotrade if you want to invest in individual stocks. Though it’s a pioneer in making investing fun and accessible to beginners, other brokers have stepped up their novice games. Compare Interactive Brokers with Charles Schwab, side-by-side. There are cheaper platforms (SierraCharts) there are better DOM's (Jigsaw Daytradr), but NinjaTrader's advantage is the programming. But there's more to differentiate them: Generally speaking, E*TRADE will appeal to IB fees for 3,000$ for 1 year: 120$ + 3,000$*2. Apr 18, 2020 · While Robinhood offers $0 stock trades by cutting out physical offices and manual account management. It operates the largest electronic trading platform in the U. 50 per contract at tastytrade. Robinhood is a no-minimum brokerage firm, meaning that you can open an account with spare change if you want to. Investing platform shut down on 1/27 for majority of the day inhibiting all trades. RobinHood Growth Stocks If your short leg is assigned, Robinhood will instantly make your spread worth -5. Its stock statistics are (still) inaccurate, its stops don't work (at least sometimes as reported by multiple redditors, including me), and it provides no chart Read more about our methodology. In the digital era, online trading platforms like Robinhood and Interactive Brokers have become pivotal for investors ranging from beginners to seasoned professionals. Pretty sure Interactive Brokers cuts deals to their buddies actually doing the borrowing. MHR looks scary. The fact that Robinhood is completely free with no commissions, no fees, no miscellaneous charges, or anything of the sort has done much to improve the platform’s popularity. Tastytrade is the brand for the media arm. If you think they have problems then the other guys have way worse problems. Jan 2, 2024 · Robinhood gives investors access to more tradable securities: stocks, ETFs and options, in addition to crypto. Account opening process was similar, app decent but not as good as IBKR but the fees are way higher particularly the custody fee (compared to 0 at IB if you have over 100k) Interactive is partly owned by China. I use TOS but use it for swing trading and advanced options. Crypto, however, is not available. Account opening takes more effort at Interactive Brokers compared to Robinhood, deposit and withdrawal processes are more seamless at Jan 2, 2024 · It’s hard to compare E*TRADE and Robinhood: Both brokers allow investors to trade stocks and ETFs for free. Raiddinn1. Uniswap vs Robinhood. 3B on the day. I am trying to understand why would a trader, e. 2 days ago · Firstrade. [deleted] • 2 yr. Mind you, $1 Billion More Than Robinhood Uniswap vs Robinhood. Robust. Best broker IMO. So I wouldn't take any advice from them. With a thousand dollars, you're going to lose most of what you make to trading fees. TDA for thinkorswim. Robinhood broker comparison. The discount brokerage informed clients they can close out positions in the EnigmaSpore. Yet to receive a response from them. Jan 31, 2024 · January 31, 2024. Robinhood. Fidelity, however, is top tier, and arguably better than almost all others. TD Ameritrade vs Interactive Broker. Robinhood is a better investment platform, but SoFi is a better financial ecosystem. So, your portfolio might look like 90% in IBKR and 10% in Gotrade, just like Americans would consider 90% of their portfolio in 401k and Roth IRA and 10% in Robinhood, Webull, or whatever platform that they found convenient and they can afford to lose from picking individual This is either a troll or a shill from another (cough wsb cough superstonk) sub. Interactive Brokers. Robinhood gets you worse fills and never price improves. Insured up to 250K/person. If you negotiate with brokers most will charge $0. 00 per contract at Robinhood. Jan 31, 2024 · After testing 18 of the best online brokers, our analysis finds that Interactive Brokers (93. , open a short position, and let you sell the call options) which means that the next day, you could actually be picking up a premium for the Quick question: is fidelity or Robinhood the better choice for options trading. I think this is the best way to use Robinhood: with another broker—kind of like a sniper and a spotter working together. Robinhood is by far the best broker out there for any purpose. Jan 31, 2024 · Charles Schwab and Robinhood charge the same amount for regular stock trades, $0. This is either a troll or a shill from another (cough wsb cough superstonk) sub. Jan 2, 2024 · Robinhood, on the other hand, caters more to active investors who want to trade stocks, options, ETFs and cryptocurrency through mobile. Interactive Brokers has higher rates. I like Tastyworks more but I'm getting used to IB. Options watchlists, multileg options, legging in/out, rolling, etc. VantasnerDangerLine. Lite = routed not through an exchange but sold to hedge funds and dark pools and such. The user experience is outstanding, and Webull has better charts than its natural competitor, Robinhood. I use Alpaca rn but you could hang back, robinhood just teamed up with quantopian eng team. Jan 31, 2024 · Option contracts are pricier at Interactive Brokers, costing $0. SpeedTrader. May 14, 2024 · Edited by Carolyn Kimball. Yep, IBKR is one of the best brokers specially for long-term trading. ↓. Award. 6%) is better than Robinhood (84. There is no minimum deposit, no maintenance fee, and no inactivity fee. • 3 yr. 5%) is better than Robinhood (84. ago • Edited 3 yr. It is perfectly fine for long term investing, several large and well known hedge funds have prime brokerage accounts with IBKR. Unaffiliated subreddit of Interactive Brokers, a popular multinational brokerage firm. For a deeper dive, see our best brokers 2. In the seven years I've been an expat it's gone from being able to open a brokerage account with anyone and investing in any securities, to only Interactive Brokers (that I know of) willing to open and maintain an account for an expat. If you are OK with sharing your fica info with the PRC authorities many like them. The transfer to CS typically takes a couple of days and it delays my ability to quickly take advantage of market swings. Webull is easy to use, sleek on mobile and offers free trades on Apr 23, 2021 · If you want a bond, futures, mutual fund or forex broker, Interactive Brokers is the only option between the two, as Robinhood doesn’t offer these financial assets. 18 votes, 52 comments. Customers who subscribe to the company’s Lite pricing plan pay just 7. E*TRADE's service is on par with Robinhood's and a comparison of their fees shows that E*TRADE's fees are slightly higher than Robinhood's. 7%) is better than Interactive Brokers (93. A further comparison on their cash accounts: Schwab’s yield on their checking account is pretty low for the most part (0. So I opened an account in both IB and Tastyworks after TD made a hissy fit about giving me tier 3 options access. Feel free to draw your own conclusions - the SEC and FINRA have after $100s of millions in fines. Pro clients get even lower rates. 65 per contract. Only basic stock trading can be performed on the mobile app. Account opening takes somewhat more effort at E*TRADE compared to Robinhood, deposit and withdrawal processes are somewhat easier at E*TRADE, while customer service quality is somewhat better than Robinhood Edit 2: Schwab’s desktop trading app, StreetSmart Edge, is highly customizable and excellent, much like TD Ameritrade’s Think or Swim though I’ve sworn off trading. Schwab-TD has 5 platforms to pick from. For futures, E*TRADE charges $1. Robinhood is very easy to use and its educational content is a joy to read. . 5 days ago · These two user-friendly investment platforms are similar and very different at the same time. Yes - Completely banned GME buying along with AMC, BB and others. 5%) is better than eToro (76. E*TRADE and Interactive Brokers both charge $0. So a price improvement rate of 50% makes them cheaper than Robinhood. I recently rolled my 401 (k) over into SoFi IRAs. Select Brokers. Jan 31, 2024 · After testing 18 of the best online brokers, our analysis finds that Webull (84. E*TRADE is a top-performing broker whose highlights include $0 trades, two excellent mobile apps and the Power E*TRADE platform. They started inviting people to try options on web. 1. Robinhood Gold fees for 3,000$ for 1 year: 15 $/month * 12 months = 180$ (or 6$ interest rate) I just switched to IB myself recently. Adding a second source on the topic: Robinhood removed GameStop, AMC, BlackBerry, and Nokia from its trading platform on Thursday, leaving investors unable to buy the highly volatile stocks. If you do, just realize the interface is shitty, like the desktop app looks like some windows 98 shit. It's a Gold account, so there's borrowed margin. 5%). S. Yeah I got the same thing like 3 months back. I agree. For a deeper dive, see our best brokers for free stock trading or options trading guides. 5%) is better than TD Ameritrade (N/A). Apr 9, 2024 · M1 Finance vs. Each broker has its pros and cons, depending on which category of investor you fall into. TL;DR: Robinhood is extremely effective at just limit and market orders (because Robinhood secretly turns market orders into limit orders anyway). It is often best known for its trader workstation, API's, and low margins. Interactive Brokers, but not Robinhood, displays margin details for an entered ticker symbol on its software. Fidelity is slow. I have been using TDA for options trade for a while, it is great, but I feel that its trade execution is not that great. May 14, 2024. Jun 14, 2023 · Lite users at IBKR receive lower interest on cash balances and pay higher interest rates on margin borrowing. For futures, Charles Schwab charges $2. Interactive Brokers vs Tastyworks Price Execution. May 29, 2021 · Compared to Interactive Brokers, Robinhood’s pricing is very simple in that it is free to use. Both are long term holds for me and are part of a larger bogleheads-esque investment strategy. 7%). Try tradestation or Dastrader et all. I have had times when TDA was not able to execute my option spread and Robinhood did (at the same price)! Interactive Brokers vs Tastyworks. wckdisevil. Above thaaaaat threshold, tiered becomes cheaper. Interactive Brokers is one of the most competitive brokers with the lowest commissions in the market. See our full comparison of Robinhood and Webull Robinhood versus other brokers. While Charles Schwab offers stock and ETF trades at $0 commission and options trading at $0 commission + $0. Webull. Rho is great but the interface needs work. IB is good. Robinhood's Vlad Tenev saying to Elon Musk EXACTLY what the Paxos Managing Director said about the DTCC to explain Instinet's $50B In Defaulting Excess Capital Premium Waivers Leading into the January 28, 2021 Meme Stock Market Event & $3. Fidelity is a value-driven online broker offering $0 trades, industry-leading research, excellent trading tools and an easy-to-use mobile app. You may want to use Tastyworks for options and futures but retain IBKR for trading stocks. Jan 31, 2024 · E*TRADE and Interactive Brokers charge the same amount for regular stock trades, $0. I have reached out to Robinhood if and when they'll send that information. Robinhood is yet to send Cost Basis Adjustment to IBKR so in IBKR it appears as if I bought those shares on the date of transfer. They have crappy rules. UPDATED JUNE 2024. E*TRADE doesn't offer Apr 5, 2024 · Choosing between Interactive Brokers and Robinhood depends on your specific trading needs, preferred trading tools, and the type of assets you’re interested in. The lending interest rates are quite low- it’s like 1. Is Fidelity better than Robinhood? After testing 18 of the best online brokers, our analysis finds that Fidelity (98. 5000 EUR, fixed is cheaper. The web app and the phone app use the same API, so they're connected in the same way. Hey Y'all, I'm considering diversifying my options portfolio into Tastyworks from Interactive Brokers. Jan 31, 2024 · After testing 18 of the best online brokers, our analysis finds that Fidelity (98. This includes commissions. Other brokers handle this differently (e. Tbh most brokers are way better than eToro, lol. Jan 20, 2017 · Robinhood and Interactive Brokers differ substantially in minimum account requirements. On the other hand, while 1% is a great bonus on new deposits, I don't think it would be enough by itself to decide for me. Those fines are generally for failure to protect their customers, failure to achieve best execution, lies and misrepresentations about their business model, etc. It also offers access to hundreds of foreign companies via American Depository Robinhood, Interactive Brokers restrict trading in GameStop stock and options. Reply reply. gg/robinhood For trading use Interactive brokers, for normal buy and hold of either equity’s, mutual funds, or etfs… vanguard or Schwab are fine. DEX. Jan 2, 2024 · Fidelity and Robinhood both offer commission-free stock trades. 25 per contract and Robinhood charges (Not offered) per contract. Fact-checked by Steven Hatzakis. But I wonder how the price execution is over at Tastyworks - anyone who uses them, are you Don't know how exactly it is connected though. 25 per contract and Interactive Brokers charges $0. Robinhood pioneered zero-commission trading and has stuck to that model ever since. Also I like M1, you can design portfolios and set your own allocations. If you're just starting out TD Ameritrade but there are a lot of nice options with interactive brokers. This comparison aims to explore the distinct features and offerings of Robinhood and Interactive Brokers, providing a detailed insight into what each platform excels in. 5. E*Trade. KiddKorupt. However, you still can't invest in ETFs I've never used a margin account so I have no idea how competitive their 10$ a month 2000/15$ for 3000 etc is. Open and fund & get up to $1,000. 9%) is better than Robinhood (84. Cxmag12. Yes. I've been with IB for years and are very happy (overall - I know they have their issues) with them. Yes, do not listen to any of these other commentators. Free commission stock/option trading. Options fill better at Robinhood than at Interactive Brokers. Particularly when it comes to writing things that rely on order flow or depth of market analysis. I'm more inclined to use Tastyworks since their platform is just great, and since IB charges inactivity fees I don't think it makes sense to keep it open (not to mention weird commissions, with Anyway, good luck OP. 00 per contract at Webull. Robinhood is a joke Trading212 is a joke Half the other guys you need 200k to invest Half the other guys don’t let you have fun with the OTC. 65 per option contract. However, it also trades at a P/E ratio of 21. I've read that they don't send this information for non-US person accounts. See how the brokers stack up in a comparison of tools, customer service and investment selection. Pro = through an exchange. Beginners: Robinhood's simpler approach and educational support make it more suitable for those new to investing. 7%) is better than Robinhood (84. Originally thought people use uniswap for illiquid names not listed on robinhood but looks like the highest volume pools are all on ETH, BTC, USD. For around $1000. Compare Interactive Brokers with Robinhood, side-by-side. 3. At a million USD I would certainly stick with IBKR for a month then call them up and see what they could do about your rates. Interactive Brokers's service is slightly better than Robinhood's and a comparison of their fees shows that Interactive Brokers's fees are slightly higher than Robinhood's. For the North American markets they are 0. If you want to trade for free Jan 2, 2024 · Robinhood also offers IRA accounts with a lucrative match. Active trader is insanely slow. Too bad Chuck Schwab is Trump’s largest Bay Area donor. Exactly like Robinhood for example. TOS is getting worse with downtime, software issues and so on. This stuff matters a ton when options trading. 50 and can get it down to lower that that if account and volume is higher. The best broker right now. Literally anything is a step up from there. Nobody can tell you exactly which is better, because it depends on the specific instruments you are buying and the order amount. Kindof a trade off for cheap commission/margin I 1 day ago · Interactive Brokers stock trades at a P/S ratio of 11. Interactive Brokers has a volume-based options commission structure. 230 subscribers in the RH_Growth_Stocks community. IBKR is also our Best Broker for Low Margin Rates, charging 6. Credit cards View all credit cards I currently have a lot of stocks in Robinhood. Robinhood for shits and giggles and plays that have lots of legs. Things take forever to load. 7. Both orders were placed to buy one such combo at the limit price of $4. Stick with UBS or robinhood. But the company did roll out IRAs with a 1% match in 2022. 50 per contract and Interactive Brokers charges $0. Ally. 005% of the cash of each operation, with a minimum of $1. C# is a memory hog. Schwab is very retail friendly. Just know that things have been getting worse for investing expats. There are two types of commissions: A. For futures, Webull charges $1. 85 per contract. Interactive Broker) but don't want to sell my stocks to pay back the margin. It’s easy to use, has improved their options interface and added 0dte, it’s charting is ass and basic af but everything works so smoothly. Based on your situation and indicating in your post your concern about trading fees, I think you kind of already know the answer - Robinhood. Not sure when they might release API trading but don't try to use it rn as they might blacklist your account for a couple of weeks Jan 27, 2024 · Compared to Robinhood, Interactive Brokers has $0 trades on stocks, ETFs, and options. Both platforms offer distinct advantages, but by considering the detailed comparison above, you can select the one that aligns best with your trading strategy and goals. Interactive Brokers fees & commissions. I use TD Ameritrade and like them, never used Robinhood. com reviews and ranks the best Online Stock Trading Platforms available today. 45%). I've never had something I couldn't resolve with a single 3-4 minute online chat. I want to transfer to another brokerage (ex. Robinhood customers pay 6. See a side by side comparison of Robinhood vs Webull. Neither. Halted trading of WSB Stocks along with Robinhood. Small account or big account. Online brokers compared for fees, trading platforms, safety and more. 85 per contract) and broker-assisted trades ($30 fee for each trade). Find out exactly at what $ amount, fixed becomes more expensive than tiered. Jan 2, 2024 · Webull is a relative newcomer, but has quickly earned a spot as an alternative to Robinhood because of how similar the two are. All those rates are negotiable if you have the play. 95 trade fee. Literally anything is better than Etoro :) It’s better than etoro hands down. Robinhood is MUCH simpler, much less data and charts, but a VASTLY better UI, dividend investing is much better and more intuitive than Webull, and unless it's changed recently, Robinhood allows you to set up an authenticator app for security, whereas Webull only uses the less-secure SMS. Learn more in our SoFi Invest vs. Read on for an in-depth look, including ratings, reviews, pros and cons. Google or a rep can help you change from Margin to Cash account. For futures, tastytrade charges $1. I have Interactive brokers and Tastyworks. Mutual Fund Trading: Interactive Brokers is the better option as Robinhood does not offer mutual fund trading. 65 per contract versus $0. An in-depth comparison between Interactive Brokers and RobinHood trading platforms, analyzing features, fees, user experience, and more to help you make an informed decision. 83%. Reply reply More replies. This equals shittier fills . Last night I've placed the same 7-option order (combo with multiple legs totaling 7 options total) via Robinhood and via Interactive Brokers/TWS Pro platform ( not their free/Lite plan). You can't initiate new options positions but you can buy and sell your existing positions with the web app. All critiques of Robinhood you'll find around here will be some loony conspiracy theory about gamestop. SoFi's customer service is also incredible in my experience. You get 4. Robinhood has $0 commissions on all trades of stocks For comparison I’ve also got a Saxo account in HK. Webull is a Chinese company allowing after hour trading. I paid a commission of $4. Webull is an excellent choice for beginning and intermediate traders. Interactive Brokers has a wider range of securities than Robinhood offers, like mutual funds, which come with a $14. Interactive Brokers vs Robinhood: TopConsumerReviews. ago. On the other hand, TradeStation uses a flat rate that is in Jan 31, 2024 · After testing 18 of the best online brokers, our analysis finds that E*TRADE (96. 00, a massive proportional loss depending on the size of your investment. Interactive brokers charges less than 2%. For the ETFs I buy, up to approx. 95, but offers plenty of mutual funds with no transaction fees. They also offer futures ($0. Securities and Exchange Commision Regulation NMS. The other day I entered a market order for about $20k worth of an ETF. 75 each. Robinhood is, as far as I know, the most fined retail broker in history. Since you're interested in Online Stock Trading Platforms, here are some other reviews you might find interesting. There are also no account minimums. Reviewed by Blain Reinkensmeyer. There is no minimum deposit or maintenance fee, though there is an optional paid premier customer tier starting at $5/month. TDA is free but idk about non-US traders. Many times my trade is just sitting at market price and does not execute. 9, making it a little more expensive than Robinhood. Nice, upvoted. Option contracts are pricier at Charles Schwab, costing $0. I use Schwab. Jan 2, 2024 · Robinhood and Acorns both appeal to beginner investors, but offer different services: Robinhood is for beginner stock traders, while Acorns is a robo-advisor. AMD's just annoying, haha. You get some low priced stocks as perks. If it works for Hayden Capital it should be perfectly fine for you. •. g. 1M subscribers in the RobinHood community. 83% for up to $100,000 5 days ago · Interactive Brokers bases its mutual fund commissions on a percentage of the trade amount, capped at $14. I've been doing some research on which broker is the Vast_Cricket. I mean, you still get free trades on top of the monthly charge, couple that with it being slightly cheaper than most other brokerages and I'd say it is very much with it. 25% for IWM. by number of daily average revenue trades. 8, which represents a 6% discount to the S&P Jan 31, 2024 · Option contracts are pricier at Interactive Brokers, costing $0. No - but owned by WallStreet (Morgan Stanley) Charles Schwab. 125% for ARKW and 0. 95. You pay for what you get. 75% APY for debit balances under $50K. 15% interest on cash in your account. Don’t take Robinhood’s marketing advice. There's a video of the founder of ibkr explaining this in an interview. Most people like TOS. Ikbr Lite charges $80/mo for level 2 data subscription. So just add ram to your system if you have problems. Last if you are just buying equities and holding… Robinhood works just fine. It was pretty shitty because I have investments tied up in robinhood. 66% = ~200$. kv td ze lm gt fq rz qy ca pj