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Interactive Brokers vs E*TRADE

Interactive Brokers is a good discount broker for experienced, high volume traders. . How does it compare to E*TRADE? Read our comparison chart below.

Interactive Brokers offers trades starting at just 0.5 cents per share. It also offers a tiered pricing plan that awards high volume traders with even lower rates. There is a $10,000 opening account minimum ($3,000 for clients 25 and younger). There is a monthly activity fee unless required commission minimums are met.

While E*TRADE offers stock trades at $6.95 per trade and 200+ commission free ETFs. There is a $500 minimum deposit, no maintenance fee and no inactivity fee.

Compare Interactive Brokers with E*TRADE, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 E*TRADE
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Interactive Brokers

E*TRADE

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Benefits and Features

Stock TradingFixed pricing: $0.005 per share (min $1 per order, max 1.0% of trade value). Tiered pricing: Starts at $0.0035 per share for less than 300,000 shares (min $0.35 per order, max 1% of trade value)$6.95 per trade
$4.95 per trade if you make 30+ trades a quarter
Options Trading$.70 per contract ($1 minimum per order)$6.95 + $0.75 per contract
$4.95 + $0.50 per contract if you make 30+ trades a quarter
Minimum Deposit$10,000 for individual accounts; $5,000 for IRAs; $3,000 for clients 25 and under$500 for brokerage accounts
No account minimum for retirement accounts
Mutual Fund Trading$0 for no-transaction-fee funds. For transaction-fee funds, 3% trade value OR $14.95, per transaction, whichever is less, for transaction-fee funds$0 for no-load, no-transaction-fee funds
$19.99 for transaction-fee funds
Commission Free ETFs
45
200+ including ETFs from WisdomTree, Global X Funds, and db-X Deutsche Bank
Penny Stocks 
Broker Assisted Trades
$30
$25 + Regular Commission
Customer ServiceUnited States: Monday-Friday 8am - 10pm ET; Sunday 1pm - 7pm ET (24/7 Weekday service available in other countries)
(650) 599-0125
Inactivity Fee$10/month for accounts under $100,000; $20/month for accounts under $2,000; $3/month for clients 25 and younger
$0
Maintenance FeeWaived if account value is at least $100,000 OR if monthly commission requirements are met. If not met, the activity fee is the difference. For accounts less than $100,000: the commission requirement is $10/month. For accounts less than $2,000: the commission requirement is $20/month. For clients 25 and younger: the commission requirement is $3/month.
$0
Banking
No
Checking account offers no minimum balance requirements, free online bill pay, and unlimited debit card and check transactions.
Mobile App
Yes
Desktop App
Yes
E*TRADE Pro (requires you execute at least 30 trades during a calendar quarter or maintain brokerage account balance of at least $250,000)
Forex TradingAvailable for qualified customers 
Futures Trading
Yes
Locations
No
30
Online Community
Yes
ETrade Community lets you exchange trading and investing ideas with other ETrade customers.
Seminars
Yes
Live events and educational seminars at local branches.
Virtual Trading
Yes
 
 

CreditDonkey® Reviews

 E*TRADE
Stock Trading
Options Trading
Mutual Fund Trading
Online Platform
Banking
Mobile App
Commissions and Fees
Ease of Use
Research
Online Community
Trading Platform
Pros & ConsPros:
  • Large number of investments, including options, futures, and forex
  • Customize trading platform
  • Tools and opportunities for research
Cons:
  • $10,000 minimum to open an account.
  • Platform can be too much for a beginner to understand
  • Inactivity fees if you don't meet the trade commission requirements.
Pros:
  • Expansive set of resources and tools
  • Easy to use website
  • Industry leader
Cons:
  • Trade fees
Bottom LineGood discount broker for experienced, high volume traders... Read full reviewOnline broker with one of the best user interfaces... Read full review
What Others View

    Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

    Interactive Brokers: Pricing information from published websites as of 3/15/2019

    E*TRADE: Pricing information from published website as of 3/15/2019

    Which is Better: Interactive Brokers or E*TRADE?

    Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Interactive Brokers or Ally Invest.

    In short: Interactive Brokers' stock trading, options trading, and banking are notable. In particular, the stock trading and options trading are outstanding. E*TRADE's ease of use is outstanding.


    Articles on Interactive Brokers


    Articles on E*TRADE


    Which Do You Think is Best?


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