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 | |
|---|---|---|
Referral Program - $200 Bonus - | Learn more about E*TRADE - | |
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) |
|
| Annual Fee | ||
| Cryptocurrency Trading | 0.12% to 0.18% of trade value ($1.75 minimum per order) | |
| Minimum Deposit | $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 | $0 for no-load, no-transaction-fee funds; $19.99 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 | ||
| Trading Platform | Desktop, Web Trading, Mobile Apps | |
| Virtual Trading | ||
CreditDonkey® Reviews | ||
| Stock Trading |  |  |
| Options Trading | | |
| Mutual Fund Trading | | |
| Online Platform | | |
| Banking | | |
| Mobile App | | |
| Commissions and Fees |  | |
| Ease of Use | | |
| Research | | |
| Online Community | | |
| Trading Platform | | |
| Pros & Cons | Pros:
| Pros:
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| Bottom Line | Good discount broker for experienced, high volume traders... | Online broker with one of the best user interfaces... |
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 10/17/2023. E*TRADE: Pricing information from published website as of 11/09/2024. | ||
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 Robinhood.
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
Articles on E*TRADE
E*TRADE
Which Do You Think is Best?
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