E*TRADE vs Interactive Brokers Comparison
Comparing brokers side by side is no easy task. For our 2023 annual broker review, we spent hundreds of hours assessing 17 brokerages to find the best online broker. Let's compare E*TRADE vs Interactive Brokers.
Is E*TRADE or Interactive Brokers better for beginners?
E*TRADE offers more comprehensive new investor education for beginner investors than Interactive Brokers. E*TRADE offers investors access to Paper Trading, Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Bonds) and Education (Retirement), while Interactive Brokers offers investors access to Paper Trading, Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Bonds) and Education (Retirement). See our guide to Best Paper Trading Platforms for more.
What about E*TRADE vs Interactive Brokers pricing?
E*TRADE and Interactive Brokers charge the same amount for regular stock trades, $0.00. E*TRADE and Interactive Brokers both charge $0.65 per option contract. For a complete commissions summary, see our best brokers for free stock trading guide.
Does E*TRADE or Interactive Brokers offer a wider range of investment options?
E*TRADE offers investors access to Stock Trading, Options Trading, OTC Stocks, Mutual Funds, Futures Trading and Advisor Services, while Interactive Brokers offers investors access to Stock Trading, Fractional Shares, Options Trading, OTC Stocks, Mutual Funds and Futures Trading. Neither have Forex Trading. Looking at Mutual Funds, Interactive Brokers trails E*TRADE in its offering of no transaction fee (NTF) mutual funds, with E*TRADE offering 4377 and Interactive Brokers offering 4329.
Which trading platform is better: E*TRADE or Interactive Brokers?
To compare the trading platforms of E*TRADE and Interactive Brokers, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Interactive Brokers offers a better experience. With research, E*TRADE offers superior market research. Finally, we found Interactive Brokers to provide better mobile trading apps.
Does either broker offer banking?
Online banking can be a benefit for investors, and some brokerages do provide banking services to customers. Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are offered by E*TRADE while Interactive Brokers offers Debit Cards.
Is E*TRADE good?
E*TRADE is a top-performing broker whose highlights include $0 trades, two excellent mobile apps and the Power E*TRADE platform. Crypto, however, is not available.
Is Interactive Brokers good?
Interactive Brokers is a go-to choice for professionals because of its institutional-grade desktop trading platform, high-quality trade executions and rock-bottom margin rates.
E*TRADE vs Interactive Brokers Winner
Overall winner: E*TRADE
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