Interactive Brokers vs Chase You Invest Trade Review
The StockBrokers.com annual review (9 years running) takes six months to complete and produces over 30,000 words of research each year. Here's how we test.
Is Chase You Invest Trade better than Interactive Brokers? Based on over 4,000 data points from our 2019 annual broker review, Interactive Brokers (80.99%) is better than Chase You Invest Trade (35.77%). While Interactive Brokers is not suitable for casual investors, it leads the industry in international trading and low-cost commissions desired by professional traders.
First, we will make a comparison of the stock and option trading fees for trading with both brokers. 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. Looking at options, the base fees charged are the same for both brokers, $N/A. Option contracts are pricier at Chase You Invest Trade, costing $N/A versus $0.70 at Interactive Brokers. 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 offers clients Stock Trading and Mutual Funds while Interactive Brokers offers Stock Trading, Options Trading, Mutual Funds and Futures Trading. When it comes to mutual funds, Interactive Brokers offers its clients access to 11000 different mutual funds while Chase You Invest Trade has 2700 available funds, a difference of 8,300.
Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. Interactive Brokers offers virtual trading 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. 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 Interactive Brokers 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 Interactive Brokers, Interactive Brokers is the winner.
Chase You Invest Trade Review
Interactive Brokers Review
All pricing data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply.
*INVESTMENT PRODUCTS: NOT A DEPOSIT · NOT FDIC INSURED · NO BANK GUARANTEE · MAY LOSE VALUE