E*TRADE vs Interactive Brokers
E*TRADE is an online broker with one of the best user interfaces. How does it compare to Interactive Brokers? Read our comparison chart below.
E*TRADE offers stock trades at $0 per trade. There is a $500 minimum deposit, no maintenance fee and no inactivity fee.
While 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.
Compare E*TRADE with Interactive Brokers, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
E*TRADE | Interactive Brokers | |
---|---|---|
Learn more about E*TRADE - | Referral Program - $200 Bonus - | |
Benefits and Features | ||
Stock Trading | IBKR Lite: $0 per share (min $0 per order) IBKR Pro - Fixed: $0.0005 per share (min $1.00 per order, max 1.0% of trade value). IBKR Pro - Tiered: Starts at $0.0035 per share for less than 300,000 shares (min $0.35 per order, max 1% of trade value) | |
Options Trading |
| $0.15-$0.65 per contract ($1 minimum per order) |
Minimum Deposit | $0 for self-directed brokerage accounts; Managed portfolios start at $500 minimum | |
Mutual Fund Trading | $0 for no-load, no-transaction-fee funds; $19.99 for transaction-fee funds | $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 |
Commission Free ETFs | ||
Penny Stocks | ||
Broker Assisted Trades | ||
Inactivity Fee | ||
Maintenance Fee | ||
Banking | Checking account offers no minimum balance requirements, free online bill pay, and unlimited debit card and check transactions. | |
Mobile App | ||
Desktop App | E*TRADE Pro (requires you to execute at least 30 trades during a calendar quarter or maintain brokerage account balance of at least $250,000) | |
Forex Trading | Available for qualified customers | |
Futures Trading | $1.50 per contract, per side + fees (excluding bitcoin futures) | |
Customer Service | United States: Monday-Friday 8am - 10pm ET; Sunday 1pm - 7pm ET (24/7 Weekday service available in other countries) | |
Locations | ||
Online Community | ||
Seminars | ||
Virtual Trading | ||
CreditDonkey® Reviews | ||
Stock Trading | ||
Options Trading | ||
Banking | ||
Mobile App | ||
Commissions and Fees | ||
Ease of Use | ||
Online Community | ||
Research | ||
Trading Platform | ||
Mutual Fund Trading | ||
Online Platform | ||
Pros & Cons | Pros:
| Pros:
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Bottom Line | Online broker with one of the best user interfaces... | Good discount broker for experienced, high volume traders... |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. E*TRADE: Pricing information from published website as of 01/04/2024. Interactive Brokers: Pricing information from published websites as of 10/17/2023. |
Which is Better: E*TRADE or Interactive Brokers?
Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing E*TRADE or Robinhood.
In short: E*TRADE's ease of use is outstanding. Interactive Brokers' stock trading, options trading, and banking are notable. In particular, the stock trading and options trading are outstanding.