Comparison E*TRADE vs Interactive Brokers

The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares E*TRADE vs Interactive Brokers. Is E*TRADE or Interactive Brokers a better online broker?

First of all, we’ll compare the commission fees of the two brokers. The commission fee of E*TRADE on regular transactions of the stock exchange is $6.95, and Interactive Brokers has a commission fee of $0.005. Let’s analyze the commission fees on trading options. E*TRADE has a commission fee of $6.95 + $0.75 per contract, Interactive Brokers has a commission fee of $0 + $0.70 per contract. And for summarizing a complete picture, we should see trading in the metal market, where these brikers provide the following commissions: $1.50 per contract and 0.15 basis points for E*TRADE and Interactive Brokers, respectively. You can read more detailed information on commission fees in the online broker reviews.

It is important for investors to know what types of online trading broker supports and what tools they can use for trading. Let’s compare them. Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Futures Trading, Crypto Trading, Robo Advisor are provided to customers by E*TRADE and Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading, Crypto Trading, Robo Advisor are provided by Interactive Brokers. As for platforms, E*TRADE offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App, while Interactive Brokers offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App.

Finally, by comparing the two online brokers, we want to pay attention to the year and country of establishing, the regulatory authorities and the possibility of withdrawing funds. E*TRADE was founded in 1982 in United States, and it is regulated by FINRA,. And Interactive Brokers was founded in 1978 in United States, and it is regulated by NYSE, FINRA, SIPC. We can withdraw funds from E*TRADE with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is $0. And Interactive Brokers provides the ability to withdraw funds with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is $0. The time for withdrawal in E*TRADE is 3 days, and that one in Interactive Brokers is 3-5 days.

Overall, E*TRADE boasts 4.3 stars versus Interactive Brokers 4.1 stars.