Save money and be informed. CreditDonkey is a personal finance comparison and reviews website. This website is made possible through financial relationships with card issuers and some of the products and services mentioned on this site. Advertiser Disclosure†

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 $0 per trade. 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.

 

Interactive Brokers

E*TRADE

Earn $200 with Referrals - Learn More

Read Interactive Brokers Review

SPECIAL OFFER
Learn more about E*TRADE - Learn More

Read E*TRADE Review

 

Benefits and Features

Stock TradingFixed pricing: $0.0005 - $0.0035 per share (min $0.35 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)
$0 per trade
Options Trading$.15-$.70 per contract ($1 minimum per order)
  • $0 per trade + $0.65 per contract
  • $0 per trade + $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$0 for self-directed brokerage accounts; Managed portfolios start at $500 minimum
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
48
250+
Penny Stocks 
Check
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)
800-387-2331
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
Check
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
$1.50 per contract, per side + fees (excluding bitcoin futures)
Locations
No
 
Online Community
Yes
 
Seminars
Yes
 
Virtual Trading
Yes
 
 

CreditDonkey® Reviews

Stock TradingStarStarStarStarStarStarStarStarStarEmpty Star
Options TradingStarStarStarStarStarStarStarStarStarEmpty Star
Mutual Fund TradingStarStarStarStarEmpty Star
Online PlatformStarStarStarStarStar
BankingStarStarStarStarEmpty StarStarStarStarEmpty StarEmpty Star
Mobile AppStarStarStarStarStarStarStarStarStarStar
Commissions and FeesStarStarStarHalf StarEmpty StarStarStarStarHalf StarEmpty Star
Ease of UseStarStarStarEmpty StarEmpty StarStarStarStarStarStar
ResearchStarStarStarStarEmpty StarStarStarStarStarEmpty Star
Online CommunityStarStarStarStarEmpty Star
Trading PlatformStarStarStarStarStar
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

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 09/15/2019.

E*TRADE: Pricing information from published website as of 12/05//2020.

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

Interactive Brokers Review

Do you have $10,000 and plenty of trading knowledge? Interactive Brokers may provide you with a solid trading platform. With their competitive fees and robust trading options, they are a common choice for the experienced trader.

Articles on E*TRADE

E*TRADE

E*TRADE is a highly well-known name, but does that mean it is better than its competitors? Read our in-depth review and see how it compares.

Which Do You Think is Best?





You Might Also Like

Best Trading Platform for Beginners

Best Trading Platform for Beginners

New to investing and having trouble choosing a broker? How do you choose a trading platform that's best for beginners?
Best Discount Broker

Best Discount Broker

The best online broker offers low fees, great customer service, and smart research tools. Find the best discount brokerage to consider.

About CreditDonkey
CreditDonkey is a personal finance comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: Many of the offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.

About Us | Reviews | Deals | Tips | Privacy | Do Not Sell My Info | Terms | Contact Us
(888) 483-4925 | 680 East Colorado Blvd, 2nd Floor | Pasadena, CA 91101
© 2022 CreditDonkey Inc. All Rights Reserved.