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E*TRADE vs SpeedTrader 2020

Is E*TRADE better than SpeedTrader? After scoring brokers on over 3,500 data points for our 2020 review, E*TRADE (91.53%) is better than SpeedTrader (51.25%).

E*TRADE

Best web platform - Open Account
Promo Offer: Get $100 when you deposit just $5,000 into a new E*TRADE account!

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. Read full review

SpeedTrader

DasTrader Pro Broker
SpeedTrader, a division of Mint Global Markets, has been serving active traders for 20 years. As a Das Trader Pro exclusive firm, SpeedTrader caters solely to hyperactive and professional traders and offers discounted commissions; however, pricing plans are complicated. Read full review.

Overall Rating

Feature E*TRADE SpeedTrader
Overall 4.5 2.5
E*TRADE Review SpeedTrader Review

Trading Fees

Feature E*TRADE SpeedTrader
Minimum Deposit $0.00 $30,000.00
Stock Trade Fee (per trade) $0.00 $4.49
ETF Trade Fee $0.00 $4.49
Options Base Fee $0.00 N/A
Options Per Contract Fee $0.65 $0.00
Mutual Fund Trade Fee $19.99 $50.00
Broker Assisted Trades Fee $25.00 $30.00
Commissions & Fees 4.5 4
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Margin Rates

Feature E*TRADE SpeedTrader
Under $24,999.99 10.00% 6.00%
$25,000.00 to $49,999.99 9.75% 6.00%
$50,000.00 to $99,999.99 9.25% 6.00%
$100,000.00 to $249,999.99 8.75% 6.00%
$250,000.00 to $499,999.99 8.25% 6.00%
$500,000.00 to $999,999.99 7.75% 6.00%
Above $1,000,000.00 6.75% 6.00%
Commissions & Fees 4.5 4
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Account Fees

Feature E*TRADE SpeedTrader
IRA Annual Fee $0.00 N/A
IRA Closure Fee $60.00 N/A
Returned ACH Fee $0.00 $40.00
Returned Wire Fee $0.00 $40.00
Stock Certificate Processing Fee $0.00 N/A
Stock Certificate Delivery Fee $75.00 N/A
Paper Statement Fee $2.00 $10.00
Paper Confirmation Fee $0.00 $4.00
Domestic Wire Fee $25.00 $25.00
International Wire Fee $25.00 $75.00
Commissions & Fees 4.5 4

Investment Options

Feature E*TRADE SpeedTrader
Stock Trading
Yes Yes
Fractional Shares
No No
OTCBB / Pink Sheets
Yes Yes
Options Trading
Yes Yes
Complex Options Max Legs
4 4
Futures Trading
Yes No
Forex Trading
No No
Commission-Free ETFs all 0
Mutual Funds (No Load)
6663 0
Mutual Funds (Total)
9291 0
Bonds (US Treasury)
Yes No
Bonds (Corporate)
Yes No
Bonds (Municipal)
Yes No
Interest Sharing
No No
Advisor Services
Yes No
International Trading
No No
Offering of Investments 4.5 2.5
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Order Types

Feature E*TRADE SpeedTrader
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 No
Order Type - MultiContingent
No No
Order Type - OCO
Yes Yes
Order Type - OTO
Yes No
Order Type - OTOCO
Yes No
Offering of Investments 4.5 2.5
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Trading Platforms

Feature E*TRADE SpeedTrader
Desktop Platform (Windows)
No Yes
Desktop Platform (Mac)
No No
Web Platform
Yes Yes
Paper Trading
Yes Yes
Trade Journal
No No
Watch Lists - Total Fields
125 30
Heat Mapping
No No
AI Assistant Bot
No No
Platforms & Tools 4.5 3
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Charting Features

Feature E*TRADE SpeedTrader
Charting - Trade Off Chart
Yes Yes
Charting - Indicators / Studies
119 36
Charting - Drawing Tools
32 9
Charting - Historical Trades
Yes No
Charting - Corporate Events
Yes No
Charting - Automated Analysis
Yes No
Charting - Save Profiles
Yes Yes
Charting - Study Customizations
6 8
Charting - Custom Studies
No No
Platforms & Tools 4.5 3
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Day Trading

Feature E*TRADE SpeedTrader
Stock Alerts - Basic Fields
Yes Yes
Stock Alerts - Advanced Fields
No Yes
Streaming Time & Sales
Yes Yes
Streaming TV
Yes No
Direct Market Routing - Stocks
Yes Yes
Direct Market Routing - Options
Yes Yes
Ladder Trading
No Yes
Trade Hot Keys
Yes Yes
Level 2 Quotes - Stocks
Yes Yes
Level 2 Quotes - Options
Yes Yes
Trade Ideas - Backtesting
No No
Short Locator
No Yes
Order Liquidity Rebates
No No
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Mobile Trading Apps

Feature E*TRADE SpeedTrader
iPhone App
Yes Yes
Android App
Yes Yes
Apple Watch App
Yes No
Trading - Stocks
Yes Yes
Trading - After-Hours
Yes Yes
Trading - Conditional Orders
Yes No
Trading - Mutual Funds
Yes No
Trading - Simple Options
Yes Yes
Trading - Complex Options
Yes No
Trading - Option Rolling
No No
Touch / Face ID
Yes No
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Mobile App Features

Feature E*TRADE SpeedTrader
Watch List Syncing
Yes No
Stock Alerts
Yes No
Charting - After Hours
Yes Yes
Charting - Drawing
No No
Charting - Study Customizations
Yes No
Heatmapping
No No
Stream Live TV
Yes No
Barcode Lookup
Yes No
Mobile Trading 5 3
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Research Overview

Feature E*TRADE SpeedTrader
Research - Stocks
Yes Yes
Research - ETFs
Yes No
Research - Mutual Funds
Yes No
Research - Pink Sheets / OTCBB
Yes No
Research - Fixed Income
Yes No
Screener - Stocks
Yes No
Screener - ETFs
Yes No
Screener - Mutual Funds
Yes No
Screener - Options
Yes No
Screener - Bonds
Yes No
Misc - Portfolio Builder
Yes No
Misc - Portfolio Allocation
Yes No
Research 4.5 1
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Stock Research

Feature E*TRADE SpeedTrader
Stock Research - Reports
5 0
Stock Research - Earnings
Yes No
Stock Research - Insiders
Yes No
Stock Research - Metric Comp
No No
Stock Research - SEC Filings
Yes No
Stock Research - Social
Yes No
Stock Research - Balance Sheet
Yes Yes
Stock Research - Cash Flows
Yes No
Stock Research - News
Yes Yes
Stock Research - ESG
No No
Research 4.5 1
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ETF Research

Feature E*TRADE SpeedTrader
ETFs - Strategy Overview
Yes No
ETFs - Top 10 Holdings
Yes No
ETFs - Sector Exposure
Yes No
ETFs - Risk Analysis
Yes No
ETFs - Performance Analysis
Yes No
ETFs - Ratings
Yes No
ETFs - Morningstar StyleMap
Yes No
ETFs - Reports
Yes No
Research 4.5 1
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Mutual Fund Research

Feature E*TRADE SpeedTrader
Mutual Funds - Strategy Overview
Yes No
Mutual Funds - Prospectus
Yes No
Mutual Funds - Reports
Yes No
Mutual Funds - Fees Breakdown
Yes No
Mutual Funds - Top 10 Holdings
Yes No
Mutual Funds - Asset Allocation
Yes No
Mutual Funds - Sector Allocation
Yes No
Mutual Funds - Country Allocation
Yes No
Mutual Funds - StyleMap
Yes No
Mutual Funds - 3rd Party Ratings
Yes No
Research 4.5 1
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Options Trading

Feature E*TRADE SpeedTrader
Option Chains - Streaming
Yes Yes
Option Chains - Total Columns
30 17
Option Chains - Greeks
5 0
Option Chains - Quick Analysis
Yes No
Option Analysis - P&L Charts
Yes No
Option Probability Analysis
Yes No
Option Probability Analysis Adv
Yes No
Option Positions - Greeks
Yes No
Option Positions - Adv Analysis
Yes No
Option Positions - Rolling
Yes No
Option Positions - Grouping
Yes No
Platforms & Tools 4.5 3
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Beginners

Feature E*TRADE SpeedTrader
Has Education - Stocks
Yes Yes
Has Education - ETFs
Yes No
Has Education - Options
Yes No
Has Education - Mutual Funds
Yes No
Has Education - Fixed Income
Yes No
Has Education - Retirement
Yes No
Paper Trading
Yes Yes
Videos
Yes No
Webinars (Monthly Avg)
12 1
Webinars (Archived)
Yes Yes
Live Seminars
Yes No
Progress Tracking
No No
Interactive Learning - Quizzes
Yes No
Investor Magazine
No No
Education 4 1
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Banking

Feature E*TRADE SpeedTrader
Retail Locations
30 0
Member FDIC
Yes No
Checking Accounts
Yes No
Savings Accounts
Yes No
Credit Cards
No No
Debit Cards
Yes No
Mortgage Loans
No No
No Fee Banking
No No
Banking 4 0.5

Overall

Feature E*TRADE SpeedTrader
E*TRADE Review SpeedTrader Review
Overall 4.5 2.5
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 SpeedTrader.

To start this comparison, first, we will take a look at the online broker commission rates for placing regular stock and options trades. SpeedTrader charges more than E*TRADE for placing regular stock trades ($4.49 and $0, respectively). For options trading, both E*TRADE and SpeedTrader charge the same base fee of $0. Option contracts are pricier at E*TRADE, costing $0.65 versus $0 at SpeedTrader. 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. SpeedTrader supports Stock Trading and Options Trading while E*TRADE supports Stock Trading, Options Trading, Mutual Funds and Futures Trading. Looking at mutual funds, E*TRADE offers its clients access to 9291 different mutual funds while SpeedTrader has 0 available funds, a difference of 9,291.

Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. E*TRADE alongside SpeedTrader offer virtual trading. Taking a look at mobile trading, SpeedTrader offers the iPhone App and Android App while E*TRADE offers 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. Clients can have Checking Accounts, Savings Accounts and Debit Cards at E*TRADE while customers at SpeedTrader can have none of these.

Overall, between E*TRADE and SpeedTrader, E*TRADE is the winner.

E*TRADE Review
SpeedTrader 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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