HOOD - Better Buy: Robinhood Stock vs. Interactive Brokers Stock
2024-06-03 05:31:00 ET
The S&P 500 index plunged into a bear market near the start of 2022 that bottomed out in late October. The current bull market started then, but final confirmation that bull market was actually underway didn't come until new all-time highs were hit in late 2023. The bull continues to march higher in 2024, setting multiple record highs along the way. That volatility can be unsettling for some investors, but it's what the brokerage firms that serve those investors thrive on.
Robinhood Markets (NASDAQ: HOOD) and Interactive Brokers (NASDAQ: IBKR) are two popular online-only brokerages that offer clients the ability to invest in stocks, options, cryptocurrencies, and more. However, their businesses have some differences and serve different clientele. For instance, Robinhood's users tend to be young, often first-time investors while Interactive is a go-to platform for more-experienced investors and financial advisors.
But are publicly traded companies which begs the question: Which stock-trading platform operator has the better stock for your portfolio? Let's find out.
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Better Buy: Robinhood Stock vs. Interactive Brokers Stock