E-Trade vs Interactive Brokers

E-Trade vs Interactive Brokers Comparison Table 2023
E-Trade	Interactive Brokers
Review 3.3 E-Trade is #38 in our broker rankings.	Review 4.3 Interactive Brokers is #1 in our CFD broker rankings.
Traders from US accepted	Traders from US accepted
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
Trade US stocks, ETFs and mutual funds with no commissions Build an investment portfolio and trade stocks and derivatives through one broker Good selection of extra features including data feed with input from leading third-party providers Regulated by top US organizations including the SEC Competitive fees and a transparent pricing structure Very diverse range of assets to invest and trade	Gives retail traders unmatched access to global stocks with tens of thousands available from 100+ market centres in 24 countries Direct market access, including to the FTSE 100 index, the CAC 40 and Germany’s DAX 40 You can trade from multiple account types, such as IRA, single registered, joint Proprietary workstation comes with powerful tools and charting capabilities Regulated by some of the world's most reputable bodies including in US You have a reliable real-time market data feed, that rarely goes offline Diverse payment options and account currencies Commission reimbursement with Toggle AI Low commissions and tight spreads
Cons
High commissions on some products High threshold to qualify for the pro platform No fractional shares No demo account No forex trading	Due to the pricing structure, this firm can be more expensive for aggressive traders who trade over $100,000 shares a day Platform and web interface are complex and difficult for beginners to pick up Accessing products like CFDs is not straightforward compared to competitors The TWS platform falls short in terms of technical charting Mediocre customer support
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
MT4	AlgoTrader OmniTrader eSignal TradingCentral
Payment Methods
Apple Pay Automated Customer Account Transfer Service Cheque Credit Card PayPal Western Union Wire Transfer	ACH Transfer Apple Pay Automated Customer Account Transfer Service Cheque Credit Card Google Wallet JCB Card Mastercard Payoneer Samsung Pay Wire Transfer
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
	USD EUR GBP CAD AUD INR JPY SEK NOK DKK CHF HUF
Stock Exchanges
Chicago Mercantile Exchange	Borsa Italiana CAC 40 Index France Chicago Mercantile Exchange Euronext IBEX 35 Japan Exchange Group Korean Stock Exchange London Metal Exchange London Stock Exchange Nasdaq Nasdaq Nordic & Baltics New York Stock Exchange Russell 2000 Shenzhen Stock Exchange Toronto Stock Exchange
Commodities
Soybeans	Aluminium Gold Lead Natural Gas Precious Metals Soybeans Zinc
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
	BTC LTC ETH XRP
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
More Comparisons
E-Trade vs	Interactive Brokers vs