E*Trade vs Interactive Brokers - Compare features, fees and

E*Trade vs Interactive Brokers Highlights

Here's a look at the differences between these two investment platforms. Minafi's finances are an open book. See how we make money.

Overview
Overview Feature	Included
Founded	1982
Min Investment	$0.00
Classification
Accounts Offered	Joint Roth IRA SEP IRA Solo 401(k) Taxable Traditional IRA
How to Access	Android Application Website iOS Application
Allows Investors from

Features
Feature	Included
Automatic Investing
Automatic Rebalancing
Automatic Tax-Loss Harvesting
Checking Account
Fractional ETF Shares
Free Trades
Good for Beginners
Good for Day Trading
Good for Retirement
Sign Up Bonus

Overview
Overview Feature	Included
Founded	1978
Min Investment	$0.00
Classification	Self-Guided Account
Accounts Offered	Joint Roth IRA SEP IRA Taxable Traditional IRA Trusts
How to Access	API Android Application Linux App Mac App Website Windows App iOS Application
Allows Investors from	United States of America

Features
Feature	Included
Automatic Investing
Automatic Rebalancing
Automatic Tax-Loss Harvesting
Checking Account
Fractional ETF Shares
Free Trades
Good for Beginners
Good for Day Trading
Good for Retirement
Sign Up Bonus

Investment Apps comparison
Feature by	E*Trade	Interactive Brokers
Rating	53 Open An Account	60 Open An Account
Minafi Rating (out of 10)	7 /10	/10
Usability Score (out of 10)	7 /10	4 /10
Cost Rating (out of 10)	2 /10	1 /10
Trust Rating (out of 10)	9 /10	10 /10
Company Age Score (out of 5)	5 /5	5 /5
JD Power Score (out of 1,000)	0 /10	-
Overview
Year Founded	1982	1978
Min Investment	$0.00	$0.00
Classification		Self-Guided Account
Accounts Offered	Joint Roth IRA SEP IRA Solo 401(k) Taxable Traditional IRA	Joint Roth IRA SEP IRA Taxable Traditional IRA Trusts
How to Access	Android Application Website iOS Application	API Android Application Linux App Mac App Website Windows App iOS Application
Allows Investors from		United States of America
Features
Automatic Investing
Automatic Rebalancing
Automatic Tax-Loss Harvesting
Checking Account
Fractional ETF Shares
Free Trades
Good for Beginners
Good for Day Trading
Good for Retirement
Sign Up Bonus
Fees & Expenses
Management Fee	-	-
Monthly Fee	-	-
Options Fee		-
Trade Fee	-
Fee Table (100% = lowest fees)	View E*Trade fees	View Interactive Brokers fees

Website	https://etrade.com	https://www.interactivebrokers.com/
Pros	Built-in bank-to-bank connections for transferring money rather than through a 3rd party. Account offerings for just about everything you could want (401(k), IRA, etc). Full-service platform that doesn’t depend on others. Everything is in-house.	Apps for every platform. Just about every trading option you can imagine. Lots of day trading options.
Cons	The number of options may be overwhelming to someone getting started investing. Usability of the interface is focused on power users.	So much security, you’ll need to confirm your account 10x to just get setup. Advanced configuration and options require training to use. Extreme overkill if you’re aiming to just invest in ETFs and mutual funds for retirement.
Promotions	None
Fees	$0 trade fee for stocks, options and ETFs $0.65 trade fee for options contracts $1.50 trade fee for future contracts See all fees	Depending on your tier, free trades for ETFs and mutual funds. Minimum $0.35 per stock trade. Somewhat confusing fee structure.