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 Interactive Brokers 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, with its regular stock trades costing $2.95, is more expensive than Interactive Brokers's rate of $0 (the broker charges a per share rate instead) per trade. For options trading, both Chase You Invest Trade and Interactive Brokers charge the same base fee of $N/A. Each option contract then costs $N/A at Chase You Invest Trade and $0.70 at Interactive Brokers. 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 offers clients Stock Trading and Mutual Funds while Interactive Brokers offers Stock Trading, Options Trading, Mutual Funds and Futures Trading. As far as mutual funds go, Interactive Brokers offers its clients access to 10051 different mutual funds while Chase You Invest Trade has 2700 available funds, a difference of 7,351. And, commission free ETFs deserve a comparison, with Interactive Brokers having the upper hand thanks to its 45 available commission free ETFs compared to Chase You Invest Trade's offering of N/A.
Finally, by comparing the each broker's website and platform features, we can surface interesting differences. Interactive Brokers makes virtual trading available to clients, while Chase You Invest Trade does not. For mobile trading, Chase You Invest Trade supports the iPhone App and Android App while Interactive Brokers 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. Debit Cards are available to clients of Interactive Brokers while Chase You Invest Trade offers customers Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans. All factors considered, when it comes to platform tools, research, and mobile trading, Interactive Brokers was rated Best in Class - Mobile Trading, while Chase You Invest Trade was rated none of these.
Overall, Interactive Brokers comes out on top with 4.50 stars over Chase You Invest Trade's 3.00 stars.