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E*TRADE vs Interactive Brokers 2022

StockBrokers.com

Written by StockBrokers.com

November 02, 2022

Is E*TRADE better than Interactive Brokers? After testing 15 of the best online brokers over six months, E*TRADE (92.52%) is better than Interactive Brokers (89.29%). Founded in 1982 as one of the first online brokerages in the United States, E*TRADE highlights include $0 trades, two excellent mobile apps and the Power E*TRADE platform, which is great for beginners, active trading and options trading.

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Overall RatingE*TRADEInteractive Brokers
Overall5 Stars4.5 Stars
Commissions & Fees4.5 Stars4.5 Stars
Investment Options5 Stars5 Stars
Platforms & Tools4.5 Stars4.5 Stars
Mobile Trading Apps5 Stars4.5 Stars
Research4.5 Stars5 Stars
Customer Service4.5 Stars3 Stars
Education4.5 Stars4.5 Stars
Ease Of Use5 Stars4 Stars
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ReviewE*TRADE ReviewInteractive Brokers Review
Trading FeesE*TRADEInteractive Brokers
Minimum Deposit$0.00$0.00
Stock Trades$0.00$0.00
Penny Stock Fees (OTCCB)$6.95$0.00
Mutual Fund Trade Fee$19.99$14.95
Options (Base Fee)$0.00$0.00
Options (Per Contract)$0.65$0.65
Futures (Per Contract)$1.50$0.85
Broker Assisted Trade Fee$25$30
Margin RatesE*TRADEInteractive Brokers
Margin Rate Under $24,999.9911.95%4.58%
Margin Rate $25,000.00 to $49,999.9911.45%4.58%
Margin Rate $50,000.00 to $99,999.9910.95%4.58%
Margin Rate $100,000.00 to $249,999.9910.45%4.08%
Margin Rate $250,000.00 to $499,999.999.95%4.08%
Margin Rate $500,000.00 to $999,999.999.45%4.08%
Margin Rate Above $1,000,000.008.45%3.83%
Account FeesE*TRADEInteractive Brokers
IRA Annual Fee$0.00$0.00
IRA Closure Fee$0.00$0.00
Account Transfer Out (Partial)$25.00$0.00
Account Transfer Out (Full)$75.00$0.00
Options Exercise Fee$0.00$0.00
Options Assignment Fee$0.00$0.00
Investment OptionsE*TRADEInteractive Brokers
Stock TradingYesYes
Margin TradingYesYes
Fractional SharesNoYes
OTCBB / Pink SheetsYesYes
Options TradingYesYes
Complex Options Max Legs46
Futures TradingYesYes
Forex TradingNoNo
Crypto TradingNoYes
Crypto Trading - Total Coins04
Mutual Funds (No Load)648610882
Mutual Funds (Total)724211160
Bonds (US Treasury)YesYes
Bonds (Corporate)YesYes
Bonds (Municipal)YesYes
Advisor ServicesYesNo
International Countries (Stocks)033
Order TypesE*TRADEInteractive Brokers
Order Type - MarketYesYes
Order Type - LimitYesYes
Order Type - After HoursYesYes
Order Type - StopYesYes
Order Type - Trailing StopYesYes
Order Type - OCOYesYes
Order Type - OTOYesYes
Order Type - Broker AssistedYesYes
BeginnersE*TRADEInteractive Brokers
Education (Stocks)YesYes
Education (ETFs)YesYes
Education (Options)YesYes
Education (Mutual Funds)YesNo
Education (Bonds)YesYes
Education (Retirement)YesYes
Retirement CalculatorYesNo
Investor DictionaryYesYes
Paper TradingYesYes
VideosYesYes
WebinarsYesYes
Webinars (Archived)YesYes
Progress TrackingNoYes
Interactive Learning - QuizzesYesYes
Stock Trading AppsE*TRADEInteractive Brokers
iPhone AppYesYes
Android AppYesYes
Apple Watch AppYesYes
Trading - StocksYesYes
Trading - After-HoursYesYes
Trading - Simple OptionsYesYes
Trading - Complex OptionsYesYes
Order Ticket RT QuotesYesYes
Order Ticket SRT QuotesYesYes
Stock App FeaturesE*TRADEInteractive Brokers
Market Movers (Top Gainers)YesYes
Stream Live TVYesYes
Videos on DemandNoYes
Stock AlertsYesYes
Option Chains ViewableYesYes
Watch List (Real-time)YesYes
Watch List (Streaming)YesYes
Watch Lists - Create & ManageYesYes
Watch Lists - Column CustomizationYesYes
Watch Lists - Total Fields95640
Stock App ChartingE*TRADEInteractive Brokers
Charting - After-HoursYesYes
Charting - Can Turn HorizontallyYesYes
Charting - Multiple Time FramesYesYes
Charting - Technical Studies1097
Charting - Study CustomizationsYesYes
Charting - Stock ComparisonsYesNo
Trading PlatformsE*TRADEInteractive Brokers
Active Trading PlatformPower E*TRADETrader Workstation (TWS)
Desktop Trading PlatformNoYes
Desktop Platform (Mac)NoYes
Web Trading PlatformYesYes
Paper TradingYesYes
Trade JournalNoYes
Watch Lists - Total Fields95640
Stock Chart FeaturesE*TRADEInteractive Brokers
Charting - Adjust Trades on ChartYesYes
Charting - Indicators / Studies119121
Charting - Drawing Tools3185
Charting - NotesYesYes
Charting - Index OverlaysYesYes
Charting - Historical TradesYesYes
Charting - Corporate EventsYesYes
Charting - Custom Date RangeYesYes
Charting - Custom Time BarsNoYes
Charting - Automated AnalysisYesYes
Charting - Save ProfilesYesYes
Trade Ideas - Technical AnalysisYesYes
Charting - Study Customizations65
Charting - Custom StudiesNoNo
Day TradingE*TRADEInteractive Brokers
Streaming Time & SalesYesYes
Streaming TVYesYes
Direct Market Routing - StocksYesYes
Ladder TradingNoYes
Trade Hot KeysYesYes
Level 2 Quotes - StocksYesYes
Trade Ideas - BacktestingNoYes
Trade Ideas - Backtesting AdvNoYes
Short LocatorNoYes
Order Liquidity RebatesNoYes
Research OverviewE*TRADEInteractive Brokers
Research - StocksYesYes
Research - ETFsYesYes
Research - Mutual FundsYesYes
Research - Pink Sheets / OTCBBYesYes
Research - BondsYesYes
Screener - StocksYesYes
Screener - ETFsYesYes
Screener - Mutual FundsYesYes
Screener - BondsYesYes
Misc - Portfolio AllocationYesYes
Stock ResearchE*TRADEInteractive Brokers
Stock Research - PDF Reports67
Stock Research - EarningsYesYes
Stock Research - InsidersYesYes
Stock Research - SocialYesYes
Stock Research - NewsYesYes
Stock Research - ESGNoYes
Stock Research - SEC FilingsYesYes
ETF ResearchE*TRADEInteractive Brokers
ETFs - Strategy OverviewYesYes
ETF Fund Facts - Inception DateYesYes
ETF Fund Facts - Expense RatioYesYes
ETF Fund Facts - Net AssetsYesYes
ETF Fund Facts - Total HoldingsYesYes
ETFs - Top 10 HoldingsYesYes
ETFs - Sector ExposureYesYes
ETFs - Risk AnalysisYesYes
ETFs - RatingsYesYes
ETFs - Morningstar StyleMapYesYes
ETFs - PDF ReportsYesYes
Mutual Fund ResearchE*TRADEInteractive Brokers
Mutual Funds - Strategy OverviewYesYes
Mutual Funds - Performance ChartNoYes
Mutual Funds - Performance AnalysisYesYes
Mutual Funds - ProspectusYesYes
Mutual Funds - 3rd Party RatingsYesYes
Mutual Funds - Fees BreakdownYesYes
Mutual Funds - Top 10 HoldingsYesYes
Mutual Funds - Asset AllocationYesYes
Mutual Funds - Sector AllocationYesYes
Mutual Funds - Country AllocationYesYes
Mutual Funds - StyleMapYesYes
Options TradingE*TRADEInteractive Brokers
Option Chains - Basic ViewYesYes
Option Chains - Strategy ViewYesYes
Option Chains - StreamingYesYes
Option Chains - Total Columns3144
Option Chains - Greeks512
Option Chains - Quick AnalysisYesYes
Option Analysis - P&L ChartsYesYes
Option Probability AnalysisYesYes
Option Probability Analysis AdvYesYes
Option Positions - GreeksYesYes
Option Positions - Greeks StreamingYesYes
Option Positions - Adv AnalysisYesYes
Option Positions - RollingYesYes
Option Positions - GroupingYesYes
BankingE*TRADEInteractive Brokers
Bank (Member FDIC)YesNo
Checking AccountsYesNo
Savings AccountsYesNo
Credit CardsYesNo
Debit CardsYesYes
Mortgage LoansYesNo
Customer ServiceE*TRADEInteractive Brokers
Phone Support (Prospect Customers)YesYes
Phone Support (Current Customers)YesYes
Email SupportYesYes
Live Chat (Prospect Customers)NoNo
Live Chat (Current Customers)YesYes
24/7 SupportYesNo
OverallE*TRADEInteractive Brokers
Overall5 Stars4.5 Stars
Commissions & Fees4.5 Stars4.5 Stars
Investment Options5 Stars5 Stars
Platforms & Tools4.5 Stars4.5 Stars
Mobile Trading Apps5 Stars4.5 Stars
Research4.5 Stars5 Stars
Education4.5 Stars4.5 Stars
Ease Of Use5 Stars4 Stars
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ReviewE*TRADE ReviewInteractive Brokers Review
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E*TRADE vs Interactive Brokers Comparison

Comparing brokers side by side is no easy task. For our 2022 annual broker review, we spent hundreds of hours assessing 15 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).

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, OTCBB / Pink Sheets, Mutual Funds, Futures Trading and Advisor Services, while Interactive Brokers offers investors access to Stock Trading, Fractional Shares, Options Trading, OTCBB / Pink Sheets, 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, 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, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are offered by E*TRADE while Interactive Brokers offers Debit Cards.

Is E*TRADE good?

Founded in 1982 as one of the first online brokerages in the United States, E*TRADE highlights include $0 trades, two excellent mobile apps and the Power E*TRADE platform, which is great for beginners, active trading and options trading.

Is Interactive Brokers good?

In 2022, Interactive Brokers remains 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 active traders and casual investors with $0 trades and a user-friendly web platform.

E*TRADE vs Interactive Brokers Winner

Overall winner: E*TRADE

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