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Interactive Brokers vs E*TRADE 2019

Blain Reinkensmeyer

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 Interactive Brokers better than E*TRADE? After scoring brokers in nine separate categories for our 2019 review, E*TRADE (83.68%) is better than Interactive Brokers (80.99%). While E*TRADE may not offer the cheapest trades, the Power E*TRADE platform is great for options trading, and the broker offers two great mobile apps.

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Overall Rating

Feature Interactive Brokers E*TRADE
Overall 4 4
Interactive Brokers Review E*TRADE Review

Trading Fees

Feature Interactive Brokers E*TRADE
Minimum Deposit $0.00 $500.00
Stock Trade Fee (per trade) N/A $6.95
Options Base Fee $0.00 $6.95
Options Per Contract Fee $0.70 $0.75
Mutual Fund Trade Fee $14.95 $19.99
Broker Assisted Trades Fee $30.00 $25.00
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $0.00 $60.00
Commissions & Fees 4.5 3.5
Winner check_circle

Margin Rates

Feature Interactive Brokers E*TRADE
Under $24,999.99 3.68% 10.50%
$25,000.00 to $49,999.99 3.68% 10.25%
$50,000.00 to $99,999.99 3.68% 9.75%
$100,000.00 to $249,999.99 3.18% 9.25%
$250,000.00 to $499,999.99 3.18% 8.75%
$500,000.00 to $999,999.99 3.18% 8.25%
Above $1,000,000.00 2.68% 7.25%
Commissions & Fees 4.5 3.5
Winner check_circle

Trading Platforms

Feature Interactive Brokers E*TRADE
Desktop Platform (Windows)
Yes Yes
Desktop Platform (Mac)
Yes Yes
Web Platform
Yes Yes
Paper Trading
Yes Yes
Trade Journal
Yes No
Watch Lists - Total Fields
453 125
Two-Factor Authentication Login
Yes Yes
Heat Mapping
Yes No
Platforms & Tools 4.5 4.5
Winner check_circle

Charting Features

Feature Interactive Brokers E*TRADE
Charting - Trade Off Chart
Yes Yes
Charting - Indicators / Studies
121 118
Charting - Drawing Tools
9 33
Charting - Historical Trades
Yes Yes
Charting - Corporate Events
Yes Yes
Charting - Automated Analysis
No No
Charting - Save Profiles
Yes Yes
Charting - Study Customizations
6 6
Charting - Custom Studies
No No
Platforms & Tools 4.5 4.5
Winner check_circle

Day Trading

Feature Interactive Brokers E*TRADE
Stock Alerts - Basic Fields
Yes Yes
Stock Alerts - Advanced Fields
No No
Streaming Time & Sales
Yes Yes
Streaming TV
Yes Yes
Direct Market Routing - Stocks
Yes Yes
Direct Market Routing - Options
Yes Yes
Ladder Trading
Yes Yes
Trade Hot Keys
Yes Yes
Level 2 Quotes - Stocks
Yes Yes
Level 2 Quotes - Options
Yes Yes
Trade Ideas - Backtesting
Yes Yes
Short Locator
Yes No
Client Liquidity Rebates
Yes No
Winner check_circle

Mobile Trading

Feature Interactive Brokers E*TRADE
iPhone App
Yes Yes
Android App
Yes Yes
Apple Watch App
Yes Yes
Trading - Stocks
Yes Yes
Trading - After-Hours
Yes Yes
Trading - Conditional Orders
Yes Yes
Trading - Mutual Funds
Yes Yes
Trading - Simple Options
Yes Yes
Trading - Complex Options
Yes Yes
Trading - Option Rolling
No No
Touch / Face ID
Yes Yes
Watch List Syncing
Yes Yes
Stock Alerts - Basic Fields
Yes Yes
Stock Alerts - Advanced Fields
No No
Charting - After Hours
Yes Yes
Charting - Drawing
No No
Charting - Study Customizations
Yes Yes
Customizable Homescreen
No Yes
Heatmapping
No Yes
Stream Live TV
Yes Yes
Barcode Lookup
No Yes
Mobile Trading 4.5 5
Winner check_circle

Research Overview

Feature Interactive Brokers E*TRADE
Research - Stocks
Yes Yes
Research - ETFs
Yes Yes
Research - Mutual Funds
No Yes
Research - Pink Sheets / OTCBB
Yes Yes
Research - Fixed Income
Yes Yes
Research - Futures
Yes Yes
Research - Forex
Yes No
Screener - Stocks
Yes Yes
Screener - ETFs
Yes Yes
Screener - Mutual Funds
No Yes
Screener - Options
Yes Yes
Screener - Bonds
Yes Yes
Misc - Portfolio Builder
Yes Yes
Misc - Portfolio Allocation
Yes Yes
Research 3.5 4.5
Winner check_circle

Stock Research

Feature Interactive Brokers E*TRADE
Stock Research - Reports
1 4
Stock Research - Earnings
Yes Yes
Stock Research - Insiders
Yes Yes
Stock Research - Metric Comp
Yes No
Stock Research - SEC Filings
Yes Yes
Stock Research - Social
Yes Yes
Stock Research - Balance Sheet
Yes Yes
Stock Research - Cash Flows
Yes Yes
Stock Research - News
Yes Yes
Stock Research - ESG
Yes No
Research 3.5 4.5
Winner check_circle

Fund Research

Feature Interactive Brokers E*TRADE
ETFs - Strategy Overview
Yes Yes
ETFs - Top 10 Holdings
Yes Yes
ETFs - Sector Exposure
Yes Yes
ETFs - Risk Analysis
Yes Yes
ETFs - Performance Analysis
Yes Yes
ETFs - Ratings
Yes Yes
ETFs - Morningstar StyleMap
No Yes
ETFs - Reports
Yes Yes
Mutual Funds - Strategy Overview
No Yes
Mutual Funds - Prospectus
Yes Yes
Mutual Funds - Reports
Yes Yes
Mutual Funds - Fees Breakdown
Yes Yes
Mutual Funds - Top 10 Holdings
No Yes
Mutual Funds - Asset Allocation
No Yes
Mutual Funds - Sector Allocation
No Yes
Mutual Funds - Country Allocation
No Yes
Mutual Funds - StyleMap
No Yes
Mutual Funds - 3rd Party Ratings
No Yes
Research 3.5 4.5
Winner check_circle

Options Trading

Feature Interactive Brokers E*TRADE
Option Chains - Streaming
Yes Yes
Option Chains - Total Columns
37 30
Option Chains - Greeks
4 5
Option Chains - Quick Analysis
Yes Yes
Option Analysis - P&L Charts
Yes Yes
Option Probability Analysis
Yes Yes
Option Probability Analysis Adv
Yes Yes
Option Positions - Greeks
Yes Yes
Option Positions - Adv Analysis
Yes Yes
Option Positions - Rolling
Yes Yes
Option Positions - Grouping
Yes Yes
Platforms & Tools 4.5 4.5
Winner check_circle

Investments

Feature Interactive Brokers E*TRADE
Stock Trading
Yes Yes
OTCBB / Pink Sheets
Yes Yes
Options Trading
Yes Yes
Complex Options Max Legs
8 4
Futures Trading
Yes Yes
Forex Trading
No No
Commission-Free ETFs 48 295
Mutual Funds (No Load)
7558 6266
Mutual Funds (Total)
11000 9062
Bonds (US Treasury)
Yes Yes
Bonds (Corporate)
Yes Yes
Bonds (Municipal)
Yes Yes
Advisor Services
No Yes
International Trading
Yes No
Offering of Investments 5 4.5
Winner check_circle

Order Types

Feature Interactive Brokers E*TRADE
Order Type - Market
Yes Yes
Order Type - Limit
Yes Yes
Order Type - Stop
Yes Yes
Order Type - Trailing Stop
Yes Yes
Order Type - Contingent
Yes Yes
Order Type - MultiContingent
Yes No
Order Type - OCO
Yes Yes
Order Type - OTO
Yes Yes
Order Type - OTOCO
Yes Yes
Offering of Investments 5 4.5
Winner check_circle

Beginners

Feature Interactive Brokers E*TRADE
Has Education - Stocks
Yes Yes
Has Education - ETFs
No Yes
Has Education - Options
Yes Yes
Has Education - Mutual Funds
No Yes
Has Education - Fixed Income
No Yes
Has Education - Retirement
No Yes
Paper Trading
Yes Yes
Videos
Yes Yes
Webinars (Monthly Avg)
20 12
Webinars (Archived)
Yes Yes
Live Seminars
No Yes
Progress Tracking
Yes No
Interactive Learning - Quizzes
Yes Yes
Investor Magazine
Yes No
Education 3 4.5
Winner check_circle

Banking

Feature Interactive Brokers E*TRADE
Retail Locations
0 30
Member FDIC
No Yes
Checking Accounts
Yes Yes
Savings Accounts
No Yes
Credit Cards
No No
Debit Cards
Yes Yes
Mortgage Loans
No No
No Fee Banking
No No
Banking 2 4
Winner check_circle

Overall

Feature Interactive Brokers E*TRADE
Interactive Brokers Review E*TRADE Review
Overall 4 4
Winner check_circle
Using data from our latest annual broker review which tested more than a dozen different online brokers over six months, we can compare E*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. E*TRADE charges $6.95 per stock trade which is $6.95 more than Interactive Brokers which charges customers $0 (the broker charges a per share rate instead) per trade. With options, the base fees charged are $6.95 (E*TRADE) and $0 (Interactive Brokers). Interactive Brokers's per contract rate of $0.70 is less than E*TRADE which charges $0.75. 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. E*TRADE and Interactive Brokers provide clients with Stock Trading, Options Trading, Mutual Funds and Futures Trading. As far as mutual funds go, Interactive Brokers boasts an offering of 11000 mutual funds compared to E*TRADE's 9062 available funds.

Finally, by comparing the each broker's website and platform features, we can surface interesting differences. Interactive Brokers offers virtual trading while E*TRADE does not. For mobile trading, E*TRADE along with Interactive Brokers both support the iPhone App, iPad App and Android App. Online banking is also used by many customers, and multiple full-service brokerages provide these services. Clients can have Checking Accounts and Debit Cards at Interactive Brokers while customers at E*TRADE can have Checking Accounts, Savings Accounts and Debit Cards.

Overall, between E*TRADE and Interactive Brokers, E*TRADE is the winner.

E*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.

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