E*TRADE vs IG compared

Online brokers compared for fees, trading platforms, safety and more. See how E*TRADE stacks up against IG!

E*TRADE
IG
79% of retail CFD accounts lose money

Last update of dataDec 2022

E*TRADE

E*TRADE is a US stockbroker regulated by top-tier authorities SEC and FINRA. The company is listed on NASDAQ and has a banking background.

Recommended for investors and traders looking for solid research and a great mobile trading platform.

IG

IG is a CFD and forex broker. It is listed on the London Stock Exchange and regulated by several authorities globally, including the top-tier FCA.

Recommended for traders of any experience level looking for an easy-to-use trading platform.

E*TRADE's service is on par with IG's and a comparison of their fees shows that E*TRADE's fees are slightly lower than IG's.

Account opening takes about the same effort at E*TRADE compared to IG, deposit and withdrawal processes are more complicated at E*TRADE, while customer service quality is similar to IG's.

Our experts rated the trading platform of E*TRADE as somewhat worse than the platform of IG, found that clients have access to less markets and products with E*TRADE, while IG provides less useful research and education.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Basic data of broker

Overall Score
4.8

Recommended for Investors and traders looking for solid research and a great mobile trading platform

Best IRA broker

Overall Score
4.6

Recommended for Traders of any experience level looking for an easy-to-use trading platform

Country of origin

USA

Country of origin

UK

Fees

Fees score
4.3
Fees score
3.5
Fees summary

Low trading and non-trading fees, high fund fees

Fees summary

High trading fees, average non-trading fees

Stock and ETF fees

Forex fees

Fund fees

Bond fees

Options fees

Futures fees

Crypto fees

CFD fees

Non-trading fees

Deposit and withdrawal

Deposit and withdrawal score
2.2
Deposit and withdrawal score
4.5
Number of base currencies

1

Number of base currencies

6

Deposit type

Withdrawal type

Account opening

Account opening score
4.2
Account opening score
4.2
Account opening fully online
Account opening fully online
Minimum deposit
*

$0

*
Minimum deposit
*

$0

*
Time to open account

1-3 days

Time to open account

1-3 days

Required documents

Proof of identity: SSN and national ID / passport / driver's license

Required documents

Proof of identity: ID / passport / driver's license Proof of residency: bank statement / utility bill

Trading platform

Web platform score
4.5
Web platform score
5.0
Mobile platform score
4.5
Mobile platform score
5.0
Desktop platform score
-
Desktop platform score
-

Markets and products

Markets and products score
2.9
Markets and products score
4.7
Stocks
Stocks
Fractional shares
Fractional shares
ETFs
ETFs
Forex
Forex
Funds
Funds
Bonds
Bonds
Options
Options
Futures
Futures
Crypto
*
*
Crypto
CFDs
CFDs
CFD disclaimer

Disclaimer: 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. CFDs are not provided for US clients. Forex trading involves risk. Losses can exceed deposits.

Research, education

Research score
4.8
Research score
3.5
Charting quality

Great

Charting quality

Great

Education score
2.4
Education score
5.0
Demo account
Demo account

Customer service

Customer service score
4.5
Customer service score
4.6
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

$500,000 (securities up to $500,000, cash up to $250,000)

Investor protection amount

£85,000 in the UK, €20,000 in the rest of Europe excl. Switzerland, no protection in the US and many other countries

Banking background
Banking background
Listed on stock exchange
Listed on stock exchange
Foundation date

1982

Foundation date

1974

Country of regulation

USA

Country of regulation

UK, EU, Switzerland, USA, Singapore, Japan, South Africa, UAE, Australia, New Zealand

E*TRADE

For detailed information and hands-on experience, read our review of this broker.

IG

For detailed information and hands-on experience, read our review of this broker.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

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