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Interactive Brokers vs SpeedTrader 2019

Blain Reinkensmeyer

The StockBrokers.com annual review (9 years running) takes six months to complete and produces over 30,000 words of research each year. Here's how we test.

Is Interactive Brokers better than SpeedTrader? Based on over 4,000 data points from our 2019 annual broker review, Interactive Brokers (80.99%) is better than SpeedTrader (51.25%). While Interactive Brokers is not suitable for casual investors, it leads the industry in international trading and low-cost commissions desired by professional traders.

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Overall Rating

Feature Interactive Brokers SpeedTrader
Overall 4 2.5
Interactive Brokers Review SpeedTrader Review

Trading Fees

Feature Interactive Brokers SpeedTrader
Minimum Deposit $0.00 $30,000.00
Stock Trade Fee (per trade) N/A $4.49
Options Base Fee $0.00 N/A
Options Per Contract Fee $0.70 $0.00
Mutual Fund Trade Fee $14.95 $50.00
Broker Assisted Trades Fee $30.00 $30.00
IRA Annual Fee $0.00 N/A
IRA Closure Fee $0.00 N/A
Commissions & Fees 4.5 4
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Margin Rates

Feature Interactive Brokers SpeedTrader
Under $24,999.99 3.68% 6.00%
$25,000.00 to $49,999.99 3.68% 6.00%
$50,000.00 to $99,999.99 3.68% 6.00%
$100,000.00 to $249,999.99 3.18% 6.00%
$250,000.00 to $499,999.99 3.18% 6.00%
$500,000.00 to $999,999.99 3.18% 6.00%
Above $1,000,000.00 2.68% 6.00%
Commissions & Fees 4.5 4
Winner check_circle

Trading Platforms

Feature Interactive Brokers SpeedTrader
Desktop Platform (Windows)
Yes Yes
Desktop Platform (Mac)
Yes No
Web Platform
Yes Yes
Paper Trading
Yes Yes
Trade Journal
Yes No
Watch Lists - Total Fields
453 30
Two-Factor Authentication Login
Yes No
Heat Mapping
Yes No
Platforms & Tools 4.5 3
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Charting Features

Feature Interactive Brokers SpeedTrader
Charting - Trade Off Chart
Yes Yes
Charting - Indicators / Studies
121 36
Charting - Drawing Tools
9 9
Charting - Historical Trades
Yes No
Charting - Corporate Events
Yes No
Charting - Automated Analysis
No No
Charting - Save Profiles
Yes Yes
Charting - Study Customizations
6 8
Charting - Custom Studies
No No
Platforms & Tools 4.5 3
Winner check_circle

Day Trading

Feature Interactive Brokers 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
Yes Yes
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 Yes
Client Liquidity Rebates
Yes No
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Mobile Trading

Feature Interactive Brokers 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
Watch List Syncing
Yes No
Stock Alerts - Basic Fields
Yes No
Stock Alerts - Advanced Fields
No No
Charting - After Hours
Yes Yes
Charting - Drawing
No No
Charting - Study Customizations
Yes No
Customizable Homescreen
No No
Heatmapping
No No
Stream Live TV
Yes No
Barcode Lookup
No No
Mobile Trading 4.5 2.5
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Research Overview

Feature Interactive Brokers SpeedTrader
Research - Stocks
Yes Yes
Research - ETFs
Yes No
Research - Mutual Funds
No No
Research - Pink Sheets / OTCBB
Yes No
Research - Fixed Income
Yes No
Research - Futures
Yes No
Research - Forex
Yes No
Screener - Stocks
Yes No
Screener - ETFs
Yes No
Screener - Mutual Funds
No No
Screener - Options
Yes No
Screener - Bonds
Yes No
Misc - Portfolio Builder
Yes No
Misc - Portfolio Allocation
Yes No
Research 3.5 1
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Stock Research

Feature Interactive Brokers SpeedTrader
Stock Research - Reports
1 0
Stock Research - Earnings
Yes No
Stock Research - Insiders
Yes No
Stock Research - Metric Comp
Yes 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
Yes No
Research 3.5 1
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Fund Research

Feature Interactive Brokers 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
No No
ETFs - Reports
Yes No
Mutual Funds - Strategy Overview
No No
Mutual Funds - Prospectus
Yes No
Mutual Funds - Reports
Yes No
Mutual Funds - Fees Breakdown
Yes No
Mutual Funds - Top 10 Holdings
No No
Mutual Funds - Asset Allocation
No No
Mutual Funds - Sector Allocation
No No
Mutual Funds - Country Allocation
No No
Mutual Funds - StyleMap
No No
Mutual Funds - 3rd Party Ratings
No No
Research 3.5 1
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Options Trading

Feature Interactive Brokers SpeedTrader
Option Chains - Streaming
Yes Yes
Option Chains - Total Columns
37 17
Option Chains - Greeks
4 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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Investments

Feature Interactive Brokers SpeedTrader
Stock Trading
Yes Yes
OTCBB / Pink Sheets
Yes Yes
Options Trading
Yes Yes
Complex Options Max Legs
8 4
Futures Trading
Yes No
Forex Trading
No No
Commission-Free ETFs 48 0
Mutual Funds (No Load)
7558 0
Mutual Funds (Total)
11000 0
Bonds (US Treasury)
Yes No
Bonds (Corporate)
Yes No
Bonds (Municipal)
Yes No
Advisor Services
No No
International Trading
Yes No
Offering of Investments 5 2.5
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Order Types

Feature Interactive Brokers 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
Yes No
Order Type - OCO
Yes Yes
Order Type - OTO
Yes No
Order Type - OTOCO
Yes No
Offering of Investments 5 2.5
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Beginners

Feature Interactive Brokers SpeedTrader
Has Education - Stocks
Yes Yes
Has Education - ETFs
No No
Has Education - Options
Yes No
Has Education - Mutual Funds
No No
Has Education - Fixed Income
No No
Has Education - Retirement
No No
Paper Trading
Yes Yes
Videos
Yes No
Webinars (Monthly Avg)
20 1
Webinars (Archived)
Yes Yes
Live Seminars
No No
Progress Tracking
Yes No
Interactive Learning - Quizzes
Yes No
Investor Magazine
Yes No
Education 3 1
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Banking

Feature Interactive Brokers SpeedTrader
Retail Locations
0 0
Member FDIC
No No
Checking Accounts
Yes No
Savings Accounts
No No
Credit Cards
No No
Debit Cards
Yes No
Mortgage Loans
No No
No Fee Banking
No No
Banking 2 0.5
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Overall

Feature Interactive Brokers SpeedTrader
Interactive Brokers Review SpeedTrader Review
Overall 4 2.5
Winner check_circle
The StockBrokers.com annual broker review assesses more than a dozen different brokers over six months, surfacing the best online stock brokers. This review compares Interactive Brokers vs SpeedTrader. Is Interactive Brokers or SpeedTrader a better online broker?

First, we will make a comparison of the stock and option trading fees for trading with both brokers. SpeedTrader charges more than Interactive Brokers for placing regular stock trades ($4.49 and $0 (the broker charges a per share rate instead), respectively). With options, the base fee is $0 for both Interactive Brokers and SpeedTrader. SpeedTrader's per contract rate of $0 is less than Interactive Brokers which charges $0.70. Note that some brokers charge a per-share fee instead of a flat-fee commission. For a full breakdown of commissions, read our online broker reviews.

For our next comparison of these two brokers, being able to trade the way you want is a must. SpeedTrader provides its clients with Stock Trading and Options Trading while Interactive Brokers provides clients access to Stock Trading, Options Trading, Mutual Funds and Futures Trading. When it comes to mutual funds, Interactive Brokers boasts an offering of 11000 mutual funds compared to SpeedTrader's 0 available funds.

Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. Both Interactive Brokers and SpeedTrader offer virtual trading. For mobile trading, SpeedTrader supports the iPhone App and Android App while Interactive Brokers supports the iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Clients can have Checking Accounts and Debit Cards at Interactive Brokers while customers at SpeedTrader can have none of these.

Overall, between Interactive Brokers and SpeedTrader, Interactive Brokers is the winner.

Interactive Brokers Review
SpeedTrader Review


All pricing data was obtained from a published web site as of 02/18/2019 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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