Platform Comparison

Ellevest vs Interactive Brokers

Compare Ellevest and Interactive Brokers on fees, DRIP, fractional shares and research for dividend investing.

EL

Ellevest

★3

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

Full Review
Higher Rated
IB

Interactive Brokers

★4.5

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

Full Review

Ellevest vs Interactive Brokers: Fees, Minimums & DRIP Compared

FeatureEllevestInteractive Brokers
Our Rating3/54.5/5
Trading CommissionsN/A$0 (Lite)
Account MinimumN/A$0
Fractional SharesN/A10,000+ stocks
DRIPN/ASmall fee
Research ToolsAutomatedGood
Best ForHigh-Net-Worth WomenInternational Dividend Investors

Ellevest vs Interactive Brokers: Pros and 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 Is Better for Dividend Investors: Ellevest or Interactive Brokers?

Choose Ellevest if you...

  • Are in Ellevest's core audience: high-net-worth women

Choose Interactive Brokers if you...

  • Are in Interactive Brokers's core audience: international dividend investors
  • Prefer a higher-rated overall platform

Want the full breakdown of fees, DRIP, and research tools? Read our Ellevest review and Interactive Brokers review.

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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.