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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Interactive Brokers vs E*TRADE 2021
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EXCLUSIVE OFFER
New clients that open an account today receive a special margin rate.
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LIMITED TIME OFFER
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Overall Rating
| Feature | Interactive Brokers | E*TRADE |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading | ||
| Research | ||
| Education | ||
| Ease of Use | ||
| Interactive Brokers Review | E*TRADE Review | |
| Winner | check_circle |
Trading Fees
| Feature | Interactive Brokers | E*TRADE |
| Minimum Deposit | $0.00 | $0.00 |
| Stock Trades | $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) | $0.65 | $0.65 |
| Futures (Per Contract) | $0.85 | $1.50 |
| Broker Assisted Trade 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 |
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Account Transfer Out (Full) |
$0.00 | $75.00 |
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 |
|
Crypto Trading - Total Coins |
0 | 0 |
|
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 |
Order Types
| Feature | Interactive Brokers | E*TRADE |
|
Order Type - Market |
Yes | Yes |
|
Order Type - Limit |
Yes | Yes |
|
Order Type - After Hours |
Yes | Yes |
|
Order Type - Stop |
Yes | Yes |
|
Order Type - Trailing Stop |
Yes | Yes |
|
Order Type - OCO |
Yes | Yes |
|
Order Type - OTO |
Yes | Yes |
|
Order Type - Broker Assisted |
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 (Bonds) |
Yes | Yes |
|
Education (Retirement) |
No | Yes |
|
Retirement Calculator |
No | Yes |
|
Investor Dictionary |
Yes | Yes |
|
Paper Trading |
Yes | Yes |
|
Videos |
Yes | Yes |
|
Webinars (Monthly Avg) |
20 | 25 |
|
Webinars (Archived) |
Yes | Yes |
|
Progress Tracking |
Yes | No |
|
Interactive Learning - Quizzes |
Yes | Yes |
Stock 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 - Simple Options |
Yes | Yes |
|
Trading - Complex Options |
Yes | Yes |
|
Order Ticket RT Quotes |
Yes | Yes |
|
Order Ticket SRT Quotes |
Yes | Yes |
Stock App Features
| Feature | Interactive Brokers | E*TRADE |
|
Market Movers (Top Gainers) |
Yes | Yes |
|
Stream Live TV |
Yes | Yes |
|
Videos on Demand |
Yes | No |
|
Stock Alerts |
Yes | Yes |
|
Option Chains Viewable |
Yes | Yes |
|
Watch List (Real-time) |
Yes | Yes |
|
Watch List (Streaming) |
Yes | Yes |
|
Watch Lists - Create & Manage |
Yes | Yes |
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Watch Lists - Column Customization |
Yes | Yes |
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Watch List - Column Filtering |
Yes | Yes |
Stock App Charting
| Feature | Interactive Brokers | E*TRADE |
|
Charting - After Hours |
Yes | Yes |
|
Charting - Can Turn Horizontally |
Yes | Yes |
|
Charting - Multiple Time Frames |
Yes | Yes |
|
Charting - Technical Studies |
70 | 10 |
|
Charting - Study Customizations |
Yes | Yes |
|
Charting - Stock Comparisons |
No | Yes |
Trading Platforms
| Feature | Interactive Brokers | E*TRADE |
|
Desktop Trading Platform |
Yes | No |
|
Web Trading Platform |
Yes | Yes |
|
Paper Trading |
Yes | Yes |
|
Trade Journal |
Yes | No |
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Watch Lists - Total Fields |
494 | 95 |
Stock Chart Features
| Feature | Interactive Brokers | E*TRADE |
|
Charting - Adjust Trades on Chart |
Yes | Yes |
|
Charting - Indicators / Studies |
121 | 119 |
|
Charting - Drawing Tools |
9 | 31 |
|
Charting - Notes |
Yes | Yes |
|
Charting - Index Overlays |
Yes | Yes |
|
Charting - Historical Trades |
Yes | Yes |
|
Charting - Corporate Events |
Yes | Yes |
|
Charting - Custom Date Range |
No | Yes |
|
Charting - Custom Time Bars |
Yes | No |
|
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 |
Yes | Yes |
|
Streaming Time & Sales |
Yes | Yes |
|
Streaming TV |
Yes | Yes |
|
Direct Market Routing - Stocks |
Yes | Yes |
|
Ladder Trading |
Yes | No |
|
Trade Hot Keys |
Yes | Yes |
|
Level 2 Quotes - Stocks |
Yes | Yes |
|
Trade Ideas - Backtesting |
Yes | No |
|
Trade Ideas - Backtesting Adv |
Yes | No |
|
Short Locator |
Yes | No |
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Order Liquidity Rebates |
Yes | No |
Research Overview
| Feature | Interactive Brokers | E*TRADE |
|
Research - Stocks |
Yes | Yes |
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Research - ETFs |
Yes | Yes |
|
Research - Mutual Funds |
Yes | Yes |
|
Research - Pink Sheets / OTCBB |
Yes | Yes |
|
Research - Bonds |
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 - PDF Reports |
3 | 5 |
|
Stock Research - Earnings |
Yes | Yes |
|
Stock Research - Insiders |
Yes | Yes |
|
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 |
|
ETF Fund Facts - Inception Date |
Yes | Yes |
|
ETF Fund Facts - Expense Ratio |
Yes | Yes |
|
ETF Fund Facts - Net Assets |
Yes | Yes |
|
ETF Fund Facts - Total Holdings |
Yes | Yes |
|
ETFs - Top 10 Holdings |
Yes | Yes |
|
ETFs - Performance Analysis |
Yes | Yes |
|
ETFs - Sector Exposure |
Yes | Yes |
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ETFs - Risk Analysis |
Yes | Yes |
|
ETFs - Ratings |
Yes | Yes |
|
ETFs - Morningstar StyleMap |
Yes | Yes |
|
ETFs - PDF Reports |
Yes | Yes |
Mutual Fund Research
| Feature | Interactive Brokers | E*TRADE |
|
Mutual Funds - Strategy Overview |
Yes | Yes |
|
Mutual Funds - Performance Chart |
No | Yes |
|
Mutual Funds - Performance Analysis |
Yes | Yes |
|
Mutual Funds - Prospectus |
Yes | Yes |
|
Mutual Funds - PDF 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 - Basic View |
Yes | Yes |
|
Option Chains - Strategy View |
Yes | Yes |
|
Option Chains - Streaming |
Yes | Yes |
|
Option Chains - Total Columns |
37 | 30 |
|
Option Chains - Greeks |
4 | 5 |
|
Option Positions - Greeks Streaming |
Yes | Yes |
|
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 |
Banking
| Feature | Interactive Brokers | E*TRADE |
|
Bank (Member FDIC) |
Yes | Yes |
|
Checking Accounts |
Yes | Yes |
|
Savings Accounts |
No | Yes |
|
Credit Cards |
No | Yes |
|
Debit Cards |
Yes | Yes |
|
Mortgage Loans |
No | Yes |
Customer Service
| Feature | Interactive Brokers | E*TRADE |
|
Phone Support (Prospect Customers) |
Yes | Yes |
|
Phone Support (Current Customers) |
Yes | Yes |
|
Email Support |
Yes | Yes |
|
Live Chat (Prospect Customers) |
No | Yes |
|
Live Chat (Current Customers) |
Yes | Yes |
|
24/7 Support |
No | Yes |
Overall
| Feature | Interactive Brokers | E*TRADE |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading | ||
| Research | ||
| Education | ||
| Ease of Use | ||
| 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 (Bonds).
What about E*TRADE vs Interactive Brokers pricing?
E*TRADE and Interactive Brokers have equal fees for trading stocks (equities), $0 per trade. For options trading, both E*TRADE and Interactive Brokers charge the same base fee of $0. Option contracts cost $0.65 each at both brokerages. 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
Read Next: Best Online Brokers 2021
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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.
