StockBrokers.com helps investors like you across the globe by spending over 1,000 hours each year testing and researching online brokers. You support us through our independently chosen links, which may earn us a commission. This does not impact our completely unbiased research, which is respected by broker executives as the most thorough on the web. Thank you for your support.
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. If you use our links to open an account, we may get a commission. Thank you for supporting our research.
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.
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.
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. The StockBrokers.com staff is constantly working with its online broker representatives to obtain the latest pricing data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page. 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.