Interactive Brokers Vs. E*TRADE: Get In-depth Broker Comparison for 2020

Interactive Brokers offers its brokerage services which mainly focuses on broad market access, superior trade execution, and low costs. It offers its traders the opportunity to trade stocks, options, futures, forex, bonds, and funds worldwide from a single account.

Interactive Brokers

E*TRADE has been in business for almost four decades and it offers easy to navigate and intuitive trading platforms. E*TRADE offers two kinds of web-based platforms: E*TRADE and Power E*TRADE. Similarly, two mobile apps mirror the functions of web platforms. E*TRADE also offers a downloadable platform E*TRADE Pro which is customizable and is suitable for advanced traders.

Types of Platform

Features

Interactive Brokers

E*TRADE

Desktop Platform (Mac)

Available

Unavailable

Desktop Platform (Windows)

Available

Unavailable

Web Platform

Available

Available

Trade Journal

Available

Unavailable

Paper Trading

Available

Available

Watch Lists – Total Fields

494

125

AI Assistant Bot

Available

Unavailable

Heat Mapping

Available

Unavailable

E*TRADE Trading Platforms

Fees & Commissions

Interactive Brokers

E*TRADE

IRA Annual Fee

$0.00

$0.00

IRA Closure Fee

$0.00

$60.00

Returned Wire Fee

Unavailable

$0.00

Returned ACH Fee

Unavailable

$0.00

Stock Certificate Processing Fee

Unavailable

$0.00

Stock Certificate Delivery Fee

Unavailable

$75.00

Paper Confirmation Fee

Unavailable

$0.00

Paper Statement Fee

Unavailable

$2.00

Domestic Wire Fee

$10.00

$25.00

International Wire Fee

$10.00

$25.00

E*TRADE Low Pricing

Security Regulations

Interactive Brokers

E*TRADE

  • It is a member of NYSE – FINRA – SIPC

  • It is regulated by US securities and Exchange Commission and the Commodity Futures Trading Commission

  • It is a member of FINRA/SIPC

  • It is registered with the Securities and Exchange Commission (SEC)

Deposit & Withdrawal Methods

Interactive Brokers

E*TRADE

  • Bank Wire

  • Cheques

  • Electronic Transfer

  • BACS/GIRO/ACH & More

  • Wire Transfer

  • Electronic Transfer

  • Cheque

Types of Account

Interactive Brokers

E*TRADE

  • Individual Account

  • Retirement Savings Plan

  • Joint Account

  • Small Business Account

  • Individual Retirement Account

  • UGMA/UTMA for Minors

  • Brokerage Account

  • Rollover IRA

  • Core Portfolios

  • Traditional IRA

  • Roth IRA

  • Premium Savings Account

Supported Languages

Interactive Brokers

E*TRADE

English, French, German, Spanish, Italian, Russian, Chinese, Japanese

English, Czech, Spanish, Italian, Polish, German, French, Chinese, Portuguese, Slovenian, Hindi, Hebrew, Arabic, Russian

Customer Support 

Interactive Brokers

E*TRADE

Customer Support

24-hour weekday phone and chat support with call back service along with a secure message center and IBot an AI to answer the questions of the traders.

24/7 phone line support with specialists, Online chat and limited chatbot capability

Interactive Brokers Customer Support

Conclusion

Both Interactive Brokers and E*TRADE are the top-class brokers offering a wide range of trading products, functional trading apps, customizable platforms, and low costs. Interactive Brokers is the best choice for professionals who trade in high volumes but for individual investors and traders, E*TRADE is the right pick.