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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.

Overall Rating

 
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education
 
E*TRADE
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education
Interactive Brokers
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education

Fees

Fees
Stock
ETFs
Options
Mutual Funds
Bonds
Forex Spreads
Futures
Metals
Cryptocurrency
E*TRADE
Stock
$6.95
ETFs
$19.99
Options
$6.95 + $0.75 per contract
Mutual Funds
$49.99
Bonds
$1
Forex Spreads
N/A
Futures
$2.50 per side, per contract
Metals
$1.50 per contract
Cryptocurrency
$1.50 per side, per contract
Interactive Brokers
Stock
$0.005
ETFs
$0
Options
$0 + $0.70 per contract
Mutual Funds
$14.95
Bonds
0.1% of face value
Forex Spreads
0.20 basis points
Futures
$0.85 per contract
Metals
0.15 basis points
Cryptocurrency
$5 per contract

Types of trading

Types of trading
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Forex Trading
Futures Trading
Crypto Trading
Robo Advisor
E*TRADE
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Forex Trading
Futures Trading
Crypto Trading
Robo Advisor
Interactive Brokers
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Forex Trading
Futures Trading
Crypto Trading
Robo Advisor

Platforms

Platforms
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
E*TRADE
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
Interactive Brokers
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform

Tools

Tools
Research & Analysis
Education
Demo account
E*TRADE
Research & Analysis
Education
Demo account
Interactive Brokers
Research & Analysis
Education
Demo account

Mobile App

Mobile App
Android App
iOS App
E*TRADE
Android App
iOS App
Interactive Brokers
Android App
iOS App

Deposits

Deposits
Minimum deposit
Bank Wire
Visa/Mastercard
E*TRADE
Minimum deposit
$100
Bank Wire
Visa/Mastercard
Interactive Brokers
Minimum deposit
$0
Bank Wire
Visa/Mastercard

Withdrawals

Withdrawals
Bank Wire
Visa/Mastercard
Withdrawal Time
Withdrawal Fee
E*TRADE
Bank Wire
Visa/Mastercard
Withdrawal Time
3 days
Withdrawal Fee
$0
Interactive Brokers
Bank Wire
Visa/Mastercard
Withdrawal Time
3-5 days
Withdrawal Fee
$0

Security & Fairness

Security & Fairness
Сountry of Origin
Year Founded
Regulated By
E*TRADE
Сountry of Origin
United States
Year Founded
1982
Regulated By
FINRA
Interactive Brokers
Сountry of Origin
United States
Year Founded
1978
Regulated By
NYSE, FINRA, SIPC

Customer Service

Customer Service
Phone
Email
Live Chat
 
E*TRADE
Phone
800-387-2331
Email
Email form
Live Chat
Yes
Interactive Brokers
Phone
1 (877) 442-2757
Email
Email form
Live Chat
Yes

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