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Interactive Brokers vs E*TRADE 2021

Is E*TRADE better than Interactive Brokers? After testing 11 of the best online brokers over three months, Interactive Brokers (95.07%) is better than E*TRADE (94.28%). Once again, in 2021, Interactive Brokers is our top pick for professionals because of its institutional-grade desktop trading platform and rock bottom margin rates. Professionals aside, Interactive Brokers also appeals to casual investors with $0 trades and its user-friendly web platform.


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Overall Rating

Feature Interactive Brokers E*TRADE
Overall 5 4.5
Commissions & Fees 4.5 4.5
Offering of Investments 5 5
Platforms & Tools 4.5 4
Mobile Trading 4.5 5
Research 5 4.5
Education 4 4
Ease of Use 4 5
Interactive Brokers Review E*TRADE Review
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Trading Fees

Feature Interactive Brokers E*TRADE
Minimum Deposit $0.00 $0.00
Stock Trade Fee (per trade) $0.00 $0.00
ETF Trade Fee $0.00 $0.00
Mutual Fund Trade Fee $14.95 $19.99
Options Base Fee $0.00 $0.00
Options Per Contract Fee $0.65 $0.65
Futures (per contract) $0.85 $1.50
Broker Assisted Trades Fee $30.00 $25.00

Margin Rates

Feature Interactive Brokers E*TRADE
Under $24,999.99 1.59% 8.95%
$25,000.00 to $49,999.99 1.59% 8.45%
$50,000.00 to $99,999.99 1.59% 7.95%
$100,000.00 to $249,999.99 1.29% 7.45%
$250,000.00 to $499,999.99 1.19% 6.95%
$500,000.00 to $999,999.99 1.14% 6.45%
Above $1,000,000.00 0.75% 5.45%

Account Fees

Feature Interactive Brokers E*TRADE
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $0.00 $60.00
Account Transfer Out (Partial) $0.00 $25.00
Account Transfer Out (Full) $0.00 $75.00
Returned ACH Fee N/A $0.00
Returned Wire Fee N/A $0.00
Stock Certificate Processing Fee N/A $0.00
Stock Certificate Delivery Fee N/A $75.00
Paper Statement Fee N/A $2.00
Paper Confirmation Fee N/A $0.00
Domestic Wire Fee $10.00 $25.00
International Wire Fee $10.00 $25.00

Investment Options

Feature Interactive Brokers E*TRADE
Stock Trading
Yes Yes
Fractional Shares
Yes No
OTCBB / Pink Sheets
Yes Yes
Options Trading
Yes Yes
Complex Options Max Legs
8 4
Futures Trading
Yes Yes
Forex Trading
No No
Crypto Trading No No
Mutual Funds (No Load)
8734 6584
Mutual Funds (Total)
11080 9087
Bonds (US Treasury)
Yes Yes
Bonds (Corporate)
Yes Yes
Bonds (Municipal)
Yes Yes
Advisor Services
No Yes
International Trading
Yes No
AI Assistant Bot
Yes No

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

Trading Platforms

Feature Interactive Brokers E*TRADE
Desktop Platform (Windows)
Yes No
Desktop Platform (Mac)
Yes No
Web Platform
Yes Yes
Paper Trading
Yes Yes
Trade Journal
Yes No
Heat Mapping
Yes No
Watch Lists - Total Fields
494 95

Charting Features

Feature Interactive Brokers E*TRADE
Charting - Trade Off Chart
Yes Yes
Charting - Indicators / Studies
121 119
Charting - Drawing Tools
9 31
Charting - Historical Trades
Yes Yes
Charting - Corporate Events
Yes Yes
Charting - Automated Analysis
No Yes
Charting - Save Profiles
Yes Yes
Trade Ideas - Technical Analysis
No Yes
Charting - Study Customizations
6 6
Charting - Custom Studies
No No

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 No
Trade Hot Keys
Yes Yes
Level 2 Quotes - Stocks
Yes Yes
Level 2 Quotes - Options
Yes Yes
Trade Ideas - Backtesting
Yes No
Short Locator
Yes No
Order Liquidity Rebates
Yes No

Mobile Trading Apps

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

Mobile App Features

Feature Interactive Brokers E*TRADE
Watch List Syncing
Yes Yes
Stock Alerts
Yes Yes
Charting - After Hours
Yes Yes
Charting - Drawing
No No
Charting - Study Customizations
Yes Yes
Heatmapping
No No
Stream Live TV
Yes Yes
Barcode Lookup
No Yes

Research Overview

Feature Interactive Brokers E*TRADE
Research - Stocks
Yes Yes
Research - ETFs
Yes Yes
Research - Mutual Funds
Yes Yes
Research - Pink Sheets / OTCBB
Yes Yes
Research - Fixed Income
Yes Yes
Screener - Stocks
Yes Yes
Screener - ETFs
Yes Yes
Screener - Mutual Funds
Yes Yes
Screener - Options
Yes Yes
Screener - Bonds
Yes Yes
Misc - Portfolio Builder
Yes Yes
Misc - Portfolio Allocation
Yes Yes

Stock Research

Feature Interactive Brokers E*TRADE
Stock Research - Reports
3 5
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

ETF 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
Yes Yes
ETFs - Reports
Yes Yes

Mutual Fund Research

Feature Interactive Brokers E*TRADE
Mutual Funds - Strategy Overview
Yes Yes
Mutual Funds - Prospectus
Yes Yes
Mutual Funds - Reports
Yes Yes
Mutual Funds - Fees Breakdown
Yes Yes
Mutual Funds - Top 10 Holdings
Yes Yes
Mutual Funds - Asset Allocation
Yes Yes
Mutual Funds - Sector Allocation
Yes Yes
Mutual Funds - Country Allocation
Yes Yes
Mutual Funds - StyleMap
Yes Yes
Mutual Funds - 3rd Party Ratings
Yes Yes

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

Beginners

Feature Interactive Brokers E*TRADE
Education (Stocks)
Yes Yes
Education (ETFs)
Yes Yes
Education (Options)
Yes Yes
Education (Mutual Funds)
No Yes
Education (Fixed Income)
Yes Yes
Education (Retirement)
No Yes
Paper Trading
Yes Yes
Videos
Yes Yes
Webinars (Monthly Avg)
20 25
Webinars (Archived)
Yes Yes
Live Seminars
No Yes
Progress Tracking
Yes No
Interactive Learning - Quizzes
Yes Yes

Banking

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

Overall

Feature Interactive Brokers E*TRADE
Overall 5 4.5
Commissions & Fees 4.5 4.5
Offering of Investments 5 5
Platforms & Tools 4.5 4
Mobile Trading 4.5 5
Research 5 4.5
Education 4 4
Ease of Use 4 5
Interactive Brokers Review E*TRADE Review
Winner check_circle

Comparing brokers side by side is no easy task. For our 2021 annual broker review, we spent hundreds of hours assessing 11 brokerages to find the best online broker. Let's compare E*TRADE vs Interactive Brokers.

Is E*TRADE or Interactive Brokers better for beginners?
Interactive Brokers is better for beginner investors than E*TRADE. Interactive Brokers offers investors access to Paper Trading, Videos, Education (Stocks), Education (ETFs), Education (Options) and Education (Fixed Income).

What about E*TRADE vs Interactive Brokers pricing?
E*TRADE and Interactive Brokers both cost $0 per trade. Looking at options, the base fees charged are the same for both brokers, $0. Option contracts at both of the brokerages are the same at $0.65 each. For a complete commissions summary, see our best discount brokers guide.

Does E*TRADE or Interactive Brokers offer a wider range of investment options?
Interactive Brokers offers a more diverse selection of investment options than E*TRADE. Interactive Brokers offers investors access to Stock Trading, Fractional Shares, OTCBB / Pink Sheets, Options Trading, Mutual Funds, Futures Trading and International Trading. Looking at Mutual Funds, E*TRADE trails Interactive Brokers by 1,993 total mutual funds, with Interactive Brokers offering 11080 and E*TRADE offering 9087.

Which trading platform is better: E*TRADE or Interactive Brokers?
To compare the trading platforms of both 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, Interactive Brokers offers superior market research. Finally, we found E*TRADE 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 and Debit Cards are available to clients of Interactive Brokers while E*TRADE offers customers Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans.

Overall winner: Interactive Brokers

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All pricing data was obtained from a published web site as of 01/19/2021 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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