Comparing brokers side by side is no easy task. For our annual broker review, we assess over a dozen brokers on hundreds of different variables to find the best online broker. Yielding a database of over 4,000 data points, let's compare Chase You Invest Trade vs Interactive Brokers.
To start this comparison, first, we will take a look at the online broker commission rates for placing regular stock and options trades. Chase You Invest Trade charges $2.95 per stock trade which is $2.95 more than Interactive Brokers which charges customers $0 (the broker charges a per share rate instead) per trade. Looking at trading options, Interactive Brokers's base fee is $0 while Chase You Invest Trade's is $2.95. Each option contract then costs $0.75 at Chase You Invest Trade and $0.70 at Interactive Brokers. It's important to note that not all brokers charge a flat fee per trade. Thus, it is important to read the full commission notes for each broker, which we include with each online broker review.
Next to commission rates, being able to trade what you want is important. Interactive Brokers 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. Looking at mutual funds, Chase You Invest Trade trails Interactive Brokers by 8,300 total mutual funds, with Interactive Brokers offering 11000 and Chase You Invest Trade offering 2700.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. Interactive Brokers makes virtual trading available to clients, while Chase You Invest Trade does not. Taking a look at mobile trading, Chase You Invest Trade offer clients access to an iPhone App and Android App while Interactive Brokers has an iPhone App, iPad App and Android App. Not to be left out, online banking is also a nice benefit for many investors, and some 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