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. E*TRADE charges more than Chase You Invest Trade for placing regular stock trades ($6.95 and $2.95, respectively). With options, the base fees charged are $N/A (Chase You Invest Trade) and $6.95 (E*TRADE). Each option contract then costs $N/A at Chase You Invest Trade and $0.75 at E*TRADE. 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. Chase You Invest Trade supports Stock Trading and Mutual Funds while E*TRADE supports Stock Trading, Options Trading, Mutual Funds and Futures Trading. 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. And, commission free ETFs deserve a comparison, with Chase You Invest Trade falling behind E*TRADE, offering N/A commission free ETFs compared to E*TRADE's 295.
Finally, by comparing the each broker's website and platform features, we can surface interesting differences. Chase You Invest Trade nor E*TRADE offers virtual trading. For mobile trading, Chase You Invest Trade supports the iPhone App and Android App while E*TRADE supports 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 offered by E*TRADE while Chase You Invest Trade offers Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans. All factors considered, when it comes to platform 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 comes out on top with 4.00 stars over Chase You Invest Trade's 3.00 stars.