Platform Comparison

Ellevest vs Interactive Brokers

Detailed side-by-side comparison to help you choose the best platform for dividend investing

Ellevest

★3

Ellevest discontinued its robo-advisor service in February 2025—existing accounts were transferred to Betterment. Private wealth management continues for $500K+ clients.

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Higher Rated

Interactive Brokers

★4.5

The professional-grade platform with access to 150+ global markets, industry-leading margin rates, and powerful screening tools.

Full Review

Feature Comparison

Feature	Ellevest	Interactive Brokers
Our Rating	3/5	4.5/5
Trading Commissions	N/A	$0 (Lite)
Account Minimum	N/A	$0
Fractional Shares	N/A	10,000+ stocks
DRIP	N/A	Small fee
Research Tools	Automated	Good
Best For	High-Net-Worth Women	International Dividend Investors

Pros & Cons

Ellevest

Pros

+ Private wealth management still available ($500K+ minimum)
+ Existing robo clients transitioned to Betterment (solid alternative)
+ Betterment offers similar features with good reputation
+ Historical focus on women's financial needs was innovative
+ Career coaching services continue separately

Cons

- Robo-advisor service discontinued February 2025
- Regular investors can no longer open new accounts
- $500K minimum for remaining wealth management services
- Transition to Betterment may not suit all former clients

Interactive Brokers

Pros

+ Access to 150+ markets across 33 countries in 27 currencies
+ Commission-free US stock and ETF trading with IBKR Lite
+ Industry-leading low margin rates (5.83% Pro, 6.83% Lite)
+ Fractional shares on 10,000+ US, Canadian, and European stocks
+ Powerful dividend yield screeners with 50+ factors

Cons

- Steep learning curve—platforms built for professionals
- DRIP charges a small commission (unlike most competitors)
- Account-level DRIP only—can't select specific stocks
- Customer service wait times can be long during peak hours

Which Platform is Right for You?

Choose Ellevest if you...

Want high-net-worth women focused features

Choose Interactive Brokers if you...

Want international dividend investors focused features
Prefer a higher-rated overall platform

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Investment Disclaimer

Investing involves risk, including possible loss of principal. Past performance does not guarantee future results. This content is for informational purposes only and should not be considered investment advice.