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Interactive Brokers vs E*TRADE 2020

Is E*TRADE better than Interactive Brokers? After testing 15 of the best online brokers over five months, E*TRADE (91.53%) is better than Interactive Brokers (90.58%). Founded in 1982 as one of the first online brokerages in the United States, E*TRADE understands what investors need to succeed in the market. E*TRADE highlights include $0 trades, two excellent mobile apps, and the Power E*TRADE platform, which is great for options trading.

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Overall Rating

Trading Fees

Feature Interactive Brokers E*TRADE
Minimum Deposit $0.00 $0.00
Stock Trade Fee (per trade) N/A $0.00
ETF Trade Fee $0.01 $0.00
Options Base Fee $0.00 $0.00
Options Per Contract Fee $0.65 $0.65
Mutual Fund Trade Fee $14.95 $19.99
Broker Assisted Trades Fee $30.00 $25.00
Commissions & Fees 5 4.5
Winner check_circle

Margin Rates

Feature Interactive Brokers E*TRADE
Under $24,999.99 3.08% 10.00%
$25,000.00 to $49,999.99 3.08% 9.75%
$50,000.00 to $99,999.99 3.08% 9.25%
$100,000.00 to $249,999.99 2.58% 8.75%
$250,000.00 to $499,999.99 3.18% 8.25%
$500,000.00 to $999,999.99 2.75% 7.75%
Above $1,000,000.00 2.08% 6.75%
Commissions & Fees 5 4.5
Winner check_circle

Account Fees

Feature Interactive Brokers E*TRADE
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $0.00 $60.00
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
Commissions & Fees 5 4.5

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
Commission-Free ETFs 96 all
Mutual Funds (No Load)
8534 6663
Mutual Funds (Total)
12 9291
Bonds (US Treasury)
Yes Yes
Bonds (Corporate)
Yes Yes
Bonds (Municipal)
Yes Yes
Interest Sharing
Yes No
Advisor Services
No Yes
International Trading
Yes No
Offering of Investments 4.5 4.5
Winner check_circle

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
Offering of Investments 4.5 4.5
Winner check_circle

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
Watch Lists - Total Fields
494 125
Heat Mapping
Yes No
AI Assistant Bot
Yes No
Platforms & Tools 4.5 4.5
Winner check_circle

Charting Features

Feature Interactive Brokers E*TRADE
Charting - Trade Off Chart
Yes Yes
Charting - Indicators / Studies
121 119
Charting - Drawing Tools
9 32
Charting - Historical Trades
Yes Yes
Charting - Corporate Events
Yes Yes
Charting - Automated Analysis
No Yes
Charting - Save Profiles
Yes Yes
Charting - Study Customizations
6 6
Charting - Custom Studies
No No
Platforms & Tools 4.5 4.5
Winner check_circle

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
Winner check_circle

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
Winner check_circle

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
Mobile Trading 4.5 5
Winner check_circle

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
No Yes
Screener - Options
Yes Yes
Screener - Bonds
Yes Yes
Misc - Portfolio Builder
Yes Yes
Misc - Portfolio Allocation
Yes Yes
Research 4 4.5
Winner check_circle

Stock Research

Feature Interactive Brokers E*TRADE
Stock Research - Reports
2 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
Research 4 4.5
Winner check_circle

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
No Yes
ETFs - Reports
Yes Yes
Research 4 4.5
Winner check_circle

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
No 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
Research 4 4.5
Winner check_circle

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
Platforms & Tools 4.5 4.5
Winner check_circle

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 12
Webinars (Archived)
Yes Yes
Live Seminars
No Yes
Progress Tracking
Yes No
Interactive Learning - Quizzes
Yes Yes
Investor Magazine
Yes No
Education 4 4
Winner check_circle

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 No
Debit Cards
Yes Yes
Mortgage Loans
No No
No Fee Banking
Yes No
Banking 2 4

Overall

Feature Interactive Brokers E*TRADE
Interactive Brokers Review E*TRADE Review
Overall 4.5 4.5
Winner check_circle

Comparing brokers side by side is no easy task. For our annual broker review, we assess over a dozen brokers on hundreds of different variables to find the best online broker. Yielding a database of over 4,000 data points, let's compare E*TRADE vs Interactive Brokers.

To start this comparison, first, we will take a look at the online broker commission rates for placing regular stock and options trades. E*TRADE and Interactive Brokers charge the same amount for regular stock trades, $0. With options, the base fee is $0 for both E*TRADE and Interactive Brokers. Option contracts run $0.65 a piece at both brokerages. It's important to note that not all brokers charge a flat fee per trade. Thus, it is important to read the full commission notes for each broker, which we include with each online broker review.

Next to commission rates, being able to trade what you want is important. E*TRADE and Interactive Brokers provide clients with Stock Trading, Options Trading, Mutual Funds and Futures Trading. Looking at mutual funds, E*TRADE boasts an offering of 9291 mutual funds compared to Interactive Brokers's 12 available funds.

Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. Both E*TRADE and Interactive Brokers offer virtual trading. Taking a look at mobile trading, E*TRADE along with Interactive Brokers both support the iPhone App, iPad App and Android App. Not to be left out, online banking is also a nice benefit for many investors, and some brokerages provide these services to clients. Checking Accounts and Debit Cards are offered by Interactive Brokers while E*TRADE offers Checking Accounts, Savings Accounts and Debit Cards.

Overall, between E*TRADE and Interactive Brokers, E*TRADE is the winner.

E*TRADE Review
Interactive Brokers Review



All pricing data was obtained from a published web site as of 01/20/2020 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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