E-Trade vs Interactive Brokers
E-Trade | Interactive Brokers |
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3.3
E-Trade is #38 in our broker rankings. |
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4.3
Interactive Brokers is #1 in our CFD broker rankings. |
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E-trade is a one-stop shop that provides both investment and trading opportunities to clients through four proprietary platforms and apps. The firm has decades of experience and is authorized by the SEC. Investors can benefit from ready-made portfolios or open a do-it-yourself account to choose from stocks, funds, ETFs, futures and bonds; traders can access margin trading on stocks, options and futures. |
Interactive Brokers is a leading global brokerage that provides access to a comprehensive offering of stocks as well as forex, futures, metals, bonds and cryptos. The firm has over 40 years experience in the online trading industry and is heavily regulated by SEC, FCA, IIROC, and SFC. Traders use the proprietary Trader Workstation and can access powerful tools and data feeds as well as comprehensive educational resources. |
Bonus Offer | |
Commission Free Trades | |
Comment by Reviewer | |
"E-trade provides great service to anyone who wants to grow their wealth both through long-term investments and shorter-term trading, thanks to a diverse and flexible range of products. " | "Serious traders seeking a regulated broker with unparalleled access to stock markets should look at IB. Their range of stocks can't be beaten." |
Pros | |
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Cons | |
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Instruments | |
Stocks, Futures, E-minis, Options | Stocks, Futures, E-minis, Options, CFD, Forex, Crypto, Exchange Linked Warrants |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$500 | $0 |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
$10 | $100 |
Regulator | |
SEC | SEC, FCA, IIROC, SFC |
Margin Trading | |
No | Yes |
Margin Rate | |
1.55 - 2.59% | |
STP Account | |
No | Yes |
ECN Account | |
No | No |
DMA Account | |
No | Yes |
MAM Account | |
No | Yes |
PAMM Account | |
No | No |
LAMM Account | |
No | No |
Demat Account | |
No | No |
AI / Machine Learning | |
Yes | Yes |
Robo Advisor | |
No | No |
Negative Balance Protection | |
No | No |
Market Maker | |
No | No |
P2P Trading | |
No | No |
Spot Trading | |
No | Yes |
Mobile Apps | |
iOS, Android and Windows | iOS, Android and Windows |
Copy Trading | |
No | No |
Social Trading | |
No | No |
VPS Hosting | |
No | No |
Tournaments | |
No | No |
Demo Competitions | |
No | No |
Ethical Investing | |
No | No |
Custodial Account | |
Yes | No |
Guaranteed Stop Loss | |
No | No |
Inactivity Fee | |
$0 | |
Islamic Account | |
No | No |
Account Currencies | |
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Stock Exchanges | |
Commodities | |
CFD Trading | |
CFD trading not offered | Trade leveraged CFDs on thousands of global stocks as well as 13 global indices, 80+ forex pairs, and London gold and silver. Leverage is available in line with regulatory requirements. |
Leverage | |
1:50 | |
FTSE Spread | |
N/A | 0.005% (£1 Min) |
GBPUSD Spread | |
N/A | Commission (.20 pts x trade value) |
Oil Spread | |
0.06 pips | N/A |
Stocks Spread | |
0.2% Var | From 0.003 per share, variable |
Forex Trading | |
Forex trading not offered | Trade 85 major, minor and exotic forex pairs via CFDs on IB's FXTrader platform with tight spreads and low commissions, or trade forex on the spot market. They offer more FX assets than almost any competitor. |
GBPUSD Spread | |
Commission (.20 pts x trade value) | |
EURUSD Spread | |
Commission (.20 pts x trade value) | |
EURGBP Spread | |
Commission (.20 pts x trade value) | |
Assets | |
70+ | |
Cryptocurrency | |
Crypto trading not offered | Buy and hold Bitcoin, Bitcoin Cash, Ethereum and Litecoin with low commissions of 0.12%–0.18%. Fees are low and the broker offers a secure environment to invest in digital assets. |
Spread | |
Variable | |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
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More Comparisons | |
E-Trade vs |
Interactive Brokers vs |