Using data from our latest annual broker review which tested more than a dozen different online brokers over six months, we can compare Chase You Invest Trade vs E*TRADE to determine which broker is best. Let's dive in.
First, we will break down the commission charges of both brokers for placing stock and options trades. Chase You Invest Trade charges $2.95 per stock trade which is $2.95 more than E*TRADE which charges customers $0 per trade. For options trading, Chase You Invest Trade has a base fee of $2.95, and E*TRADE a base fee of $0. E*TRADE's per contract rate of $0.65 is less than Chase You Invest Trade which charges $0.75. Instead of flat rate fees, several brokers charge a per-share fee instead. For a complete review of trading charges, read our full online broker reviews.
Next, investors want to make sure they can trade the investment vehicle they want. E*TRADE provides its clients with Stock Trading, Options Trading, Mutual Funds and Futures Trading while Chase You Invest Trade provides clients access to Stock Trading, Options Trading and Mutual Funds. As far as mutual funds go, E*TRADE boasts an offering of 9062 mutual funds compared to Chase You Invest Trade's 2700 available funds.
Finally, by comparing the each broker's website and platform features, we can surface interesting differences. E*TRADE makes virtual trading available to clients, while Chase You Invest Trade does not. For mobile trading, Chase You Invest Trade offers the iPhone App and Android App while E*TRADE offers the iPhone App, iPad App and Android App. Online banking is also used by many customers, and multiple full-service brokerages provide these services. Checking Accounts, Savings Accounts and Debit Cards are available to clients of E*TRADE while Chase You Invest Trade offers customers Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans.
Overall, between Chase You Invest Trade and E*TRADE, E*TRADE is the winner.
Chase You Invest Trade Review