The StockBrokers.com 2017 Brokerage Review
compares E*TRADE vs Interactive Brokers. Compare E*TRADE and Interactive Brokers trade commissions, fees and overall broker ratings by using the table below. Is E*TRADE or Interactive Brokers a better online broker?
Looking at both brokers, first we will take a look at the commission rates for both placing regular stock and options trades. E*TRADE charges $6.95 per stock trade which is $6.95 more than Interactive Brokers which charges clients $0.00 (the broker charges a per share rate instead) per trade. For options trading, E*TRADE has a base fee of $6.95, and Interactive Brokers a base fee of $0.00. Each contract then costs $0.75 at E*TRADE and $0.70 at Interactive Brokers for a difference in price of $0.05 per contract. It should be noted that not every broker uses a flat rate stock trade fee structure, so it is important to read the full commission notes (head over to any online brokerage review
page, then navigate to the "Commission Notes" section).
Alongside trade commissions, being able to trade the way you want is a must. Both E*TRADE and Interactive Brokers support Stock Trading, Options Trading, Mutual Funds and Futures Trading. When it comes to mutual funds, Interactive Brokers trails E*TRADE by 626.00 total funds, with E*TRADE offering 8652 and Interactive Brokers offering 8026. Commission free ETFs can also be a nice plus, E*TRADE offers 133 versus Interactive Brokers's total of 33.
Last but not least, by breaking down important features that each broker offers, we can really help to separate the two brokers. Interactive Brokers has virtual trading, E*TRADE doesn't. For mobile trading, E*TRADE and Interactive Brokers both have a iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Clients can have Checking Accounts and Debit Cards at E*TRADE while clients at Interactive Brokers can have none of these. On the whole, when it comes to tools, research, and trading on the go, Interactive Brokers posted awards for Best in Class - Platforms & Tools and Best in Class - Mobile Trading in 2014, while E*TRADE found itself with Best in Class - Research and Best in Class - Mobile Trading.
Overall, both E*TRADE and Interactive Brokers share a rating of 4.00 stars.