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ETrade vs. Trade Ideas – A Detailed Comparison

Discover our detailed comparison of ETrade and Trade Ideas to help determine which is best for you. Whether you’re a seasoned trader or just starting out, choosing the right platform can significantly impact your trading experience. 

To make your research easier, we manually found key data for ETrade and Trade Ideas across the internet and compiled it all in this article. 

Overview of ETrade

Founded in 1982, ETRADE was one of the first companies to offer electronic trading to individual investors, making it easier for the general public to participate in the stock market without the need for traditional face-to-face transactions with brokers. ETrade offers competitive pricing for derivative trading and offers a trading platform for charting and analysis.

Overview of Trade Ideas

Trade Ideas is an advanced charting platform and stock screening software that provides real-time quotes, indicators, and heat maps. The dashboard seems overwhelming at first, but you can easily customize it to see only what you want, such as charting, screeners, or heatmaps. The platform is constantly scanning the stock market, and showing you which stocks are trending up, which is great for day traders.

Key Characteristics of ETrade and Trade Ideas

FeatureETradeTrade Ideas
Platform TypeBrokerage PlatformCharting & AI Stock Scanner
Tradeable AssetsStocks, ETFs, Mutual Funds, Options, Futures, Futures Options, Crypto, BondsNot a broker, but you can chart stocks, ETFs, futures, crypto, and forex
Charting FeaturesPower ETrade PlatformAdvanced web-based charting platform + downloaded desktop version
DataReal-time data with funded accountReal-time data included with paid subscription plans
Premium PricingNo premium features$89-$179 per month, get 15% off using my affiliate link

Who is ETrade Best For?

ETrade is best for long-term investors and active traders alike, but it is just okay compared to other platforms. If you are a long-term investor, ETrade is great, but it doesn’t offer as much flexibility with fractional shares. It is also not the broker of choice for active traders, since much better platforms like tastytrade and thinkorswim are available.

Who is Trade Ideas Best For?

Trade Ideas is best for day traders and swing traders who need a premium platform to help them track which stocks are making the biggest moves of the day. You can easily filter stocks by various metrics like daily volume %, gap %, change % from open, and many more.

Trading Features and Tools

FeatureETradeTrade Ideas
DRIPYes, no fees in most casesNot a broker
Margin TradingYesNot a broker
InsuranceSIPC/FDIC InsuredNot a broker
Mobile AppYesYes

Trading Costs and Commissions Compared

Fee TypeETradeTrade Ideas
Equity CommissionFreeNot a broker
Option Commission$0.65 per contractNot a broker
Futures Commission$1.50 per contractNot a broker
Futures Options CommissionMust call to activate futures optionsNot a broker
Option Exercise FeeNoneNot a broker

ETrade vs Trade Ideas – Bottom Line

Choosing between ETrade and Trade Ideas depends on your specific trading needs, preferred trading tools, and the type of assets you’re interested in. 

Both platforms offer distinct advantages, but by considering the detailed comparison above, you can select the one that aligns best with your trading strategy and goals.

For more detailed reviews and comparisons, continue exploring our other articles on brokerage platform comparisons.

What is the Overall Best Charting Software?

I have reviewed and used nearly every trading platform available, and I believe that TradingView is the best overall charting software available. Here are some reasons why:

  • All of TradingView’s key features are free to use
  • TradingView provides real-time data for free whenever possible
  • You are not tied to a single broker and can use whichever you want while charting on TradingView
  • You can track all markets on a single platform, including stocks, ETFs, crypto, forex, and futures.
  • TradingView has an excellent economic calendar and various screeners

If you sign up for a TradingView account using my affiliate link, you can get a 30-day free trial of its premium features plus a $15 credit toward your subscription. However, signing up for a free trial is not required, and you can use nearly all of its features with a basic free account. You can read my full review of TradingView to learn more. 

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