The StockBrokers.com annual broker review assesses more than a dozen different brokers over six months, surfacing the best online stock brokers
. This review compares Chase You Invest Trade vs E*TRADE. Is Chase You Invest Trade or E*TRADE a better online broker?
First, we will make a comparison of the stock and option trading fees for trading with both brokers. E*TRADE, with its regular stock trades costing $6.95, is more expensive than Chase You Invest Trade's rate of $2.95 per trade. For options trading, Chase You Invest Trade has a base fee of $N/A, and E*TRADE a base fee of $6.95. E*TRADE's per contract rate of $0.75 is less than Chase You Invest Trade which charges $N/A. Note that some brokers charge a per-share fee instead of a flat-fee commission. For a full breakdown of commissions, read our online broker reviews
For our next comparison of these two brokers, being able to trade the way you want is a must. Chase You Invest Trade provides its clients with Stock Trading and Mutual Funds while E*TRADE provides clients access to Stock Trading, Options Trading, Mutual Funds and Futures Trading. When it comes to mutual funds, Chase You Invest Trade trails E*TRADE by 6,298 total mutual funds, with E*TRADE offering 8998 and Chase You Invest Trade offering 2700. Commission free ETFs can also be a nice plus, with Chase You Invest Trade falling behind E*TRADE, offering N/A commission free ETFs compared to E*TRADE's 270.
Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. Neither broker offers virtual trading. For mobile trading, Chase You Invest Trade offer clients access to an iPhone App and Android App while E*TRADE has an iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Checking 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. On the whole, when it comes to tools, research, and mobile trading, E*TRADE finished with awards Best in Class - Research and Best in Class - Mobile Trading, while Chase You Invest Trade came up with none of these.
Overall, E*TRADE takes the upper hand with 4.50 stars over Chase You Invest Trade's 3.00 stars.