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Software · head to head

E*TRADE vs Simplifi

E*TRADE logo

E*TRADE

Software

Express your investing style

From
On request
Rated
-
Full reviewWebsite
S

Simplifi

Software

Smart budgeting and spending tracker

From
On request
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: E*TRADE stock and ETF trades were $0 commission but options carried a $0.65 per-contract fee, broker-assisted trades added a $25 surcharge, and margin interest rates ranged from 12.70% to 13.20% depending on balance tier (Internet Archive capture, 3 January 2023); Simplifi there is no free tier at all
  • They diverge on capability: E*TRADE covers Advanced trading tools, Simplifi covers Budget tracking.

Where they differ

Only the attributes on which E*TRADE and Simplifi actually diverge.

Attributes where E*TRADE and Simplifi differ
AttributeE*TRADESimplifi
Pricing modeltransactionsubscription
Founded19562020

Identical on both: starting price (On request), free tier (No), platforms (Web, IOS, Android), user rating (Not yet rated), category (Unknown).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in E*TRADE

  • Advanced trading tools
  • Options and futures
  • Research tools
  • Mobile trading
  • Wire transfers

Only in Simplifi

  • Budget tracking
  • Spending analysis
  • Goal tracking
  • Cash flow insights
  • Credit cards

Both cover

  • Bank accounts
  • Web support
  • IOS support
  • Android support

What people use each for

The jobs each tool is most often brought in to do.

E*TRADE

  • Budget Managementnot Simplifi
  • Expense Trackingnot Simplifi
  • Investment Trackingnot Simplifi

Simplifi

  • Personal budgeting with automatic bank transaction importnot E*TRADE
  • Tracking spending, savings goals and net worth in one placenot E*TRADE

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

E*TRADE

  • Stock and ETF trades were $0 commission but options carried a $0.65 per-contract fee, broker-assisted trades added a $25 surcharge, and margin interest rates ranged from 12.70% to 13.20% depending on balance tier (Internet Archive capture, 3 January 2023)

Simplifi

  • There is no free tier at all
  • The advertised $3.99 a month requires annual billing, against $6.99 paying monthly
  • The subscription auto renews yearly at the then current price, which the terms state is subject to change rather than fixed

Pricing, plan by plan

E*TRADE

On request
  • Stock & ETF TradingFree
    • Commission-free trades
    • Real-time quotes
  • Advanced Trading$undefined/month
    • All Stock & ETF features
    • Options, futures
    • Advanced tools

Simplifi

On request
  • Monthly$5.99/month
    • Budget tracking
    • Spending insights
    • Goal setting
  • Annual$59.99/month
    • All monthly features
    • Discounted rate

Which should you pick?

Choose E*TRADE if

  • You need advanced trading tools.
  • You work on Web, IOS, Android.
  • You also want options and futures.
E*TRADE review

Choose Simplifi if

  • You need budget tracking.
  • You work on Web, IOS, Android.
  • You also want spending analysis.
Simplifi review

Questions people ask

Is E*TRADE or Simplifi better?
Neither clearly leads. E*TRADE starts at On request and Simplifi at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, E*TRADE or Simplifi?
E*TRADE starts at On request and Simplifi at On request.
Does E*TRADE or Simplifi run on more platforms?
Both run on Web, IOS, Android, so platform support will not decide this one for you.
What is E*TRADE best used for?
E*TRADE is most often used for budget management, expense tracking, investment tracking. Of those, budget management and expense tracking are not what Simplifi is typically brought in for.
What can E*TRADE do that Simplifi cannot?
E*TRADE covers Advanced trading tools, Options and futures, Research tools, Mobile trading. Simplifi covers Budget tracking, Spending analysis, Goal tracking, Cash flow insights. Both handle Bank accounts, Web support, IOS support, Android support.
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