ETrade vs. Interactive Brokers – A Detailed Comparison
Discover our detailed comparison of ETrade and Interactive Brokers to help determine which is best for you. Whether you’re a seasoned trader or just starting out, choosing the right platform can significantly impact your trading experience.
To make your research easier, we manually found key data for ETrade and Interactive Brokers across the internet and compiled it all in this article.
- Advanced order types
- Best for automated trading
- Low options commissions
Overview of ETrade
Overview of Interactive Brokers
Key Characteristics of ETrade and Interactive Brokers
Provider | Platform Type | Tradeable Assets | Charting Features | Data | Premium Pricing |
---|---|---|---|---|---|
ETrade Visit Site | Brokerage Platform | Stocks, ETFs, Mutual Funds, Options, Futures, Futures Options, Crypto, Bonds | Power ETrade Platform | Real-time data with funded account | No premium features |
Interactive Brokers Visit Site | Brokerage Platform | Stocks, ETFs, Mutual Funds, Options, Futures, Futures Options, Crypto, Bonds | Downloadable desktop platforms, web platform, mobile app | Must buy real-time data | No premium features |
Trading Features and Tools
Provider | DRIP | Margin Trading | Insurance | Mobile App |
---|---|---|---|---|
ETrade Visit Site | Yes, no fees in most cases | Yes | SIPC/FDIC Insured | Yes |
Interactive Brokers Visit Site | Yes, but with fees | Yes | SIPC Insured | Yes |
Trading Costs and Commissions Compared
Fee Type | ETrade Visit Site | Interactive Brokers Visit Site |
---|---|---|
Equity Commission | Free | Free |
Option Commission | $0.65 per contract | $0.65 per contract |
Futures Commission | $1.50 per contract | $0.85 per contract, $0.25 micro |
Futures Options Commission | Must call to activate futures options | $0.85 per contract, $0.25 micro |
Option Exercise Fee | None | None |
ETrade vs Interactive Brokers – Bottom Line
Choosing between ETrade and Interactive Brokers depends on your specific trading needs, preferred trading tools, and the type of assets you’re interested in.
Both platforms offer distinct advantages, but by considering the detailed comparison above, you can select the one that aligns best with your trading strategy and goals.
For more detailed reviews and comparisons, continue exploring our other articles on brokerage platform comparisons.
What is the Overall Best Charting Software?
I have reviewed and used nearly every trading platform available, and I believe that TradingView is the best overall charting software available. Here are some reasons why:
- All of TradingView’s key features are free to use
- TradingView provides real-time data for free whenever possible
- You are not tied to a single broker and can use whichever you want while charting on TradingView
- You can track all markets on a single platform, including stocks, ETFs, crypto, forex, and futures.
- TradingView has an excellent economic calendar and various screeners
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ETrade vs Interactive Brokers