E*TRADE Futures vs Interactive Brokers: licences compared

Side-by-side view of each broker's licences, regulator tiers and key facts. Remember that protection depends on which entity holds your account.

AttributeE*TRADE FuturesInteractive Brokers
Licence Score60Moderate83Very strong
Strongest licence 1 Tier 1 1 Tier 1
Licences on record18
1 FCA United Kingdom —Licensed
1 ASIC Australia —Licensed
1 JFSA Japan —Licensed
1 CFTC / NFA United States LicensedLicensed
1 MAS Singapore —Licensed
1 CIRO Canada —Licensed
1 SFC Hong Kong —Licensed
1 CBI Ireland —Licensed
Founded19821978
HeadquartersUnited StatesUnited States
TypeFutures broker (FX futures)Multi-asset broker
Publicly listedNoNASDAQ:IBKR
PlatformsProprietaryProprietary
Minimum deposit—No minimum
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Frequently asked questions

Is E*TRADE Futures or Interactive Brokers better regulated?

Interactive Brokers has the higher Licence Score (83 vs 60), based on the number and tier of licences, operating history and public listing.

Which regulators license both E*TRADE Futures and Interactive Brokers?

Both are matched to licences from CFTC / NFA.

Risk warning: CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. Consider whether you understand how they work and whether you can afford to take the high risk of losing your money. Read more.