TD Ameritrade vs Interactive Brokers
TD Ameritrade is a good online broker for long-term investors. How does it compare to Interactive Brokers? Read our comparison chart below.
TD Ameritrade offers $0 commission online stock, ETF, and option trades. This online broker also has more than 100 branch locations. There is no minimum deposit, no maintenance fee, and no inactivity fee.
While Interactive Brokers offers trades starting at just 0.5 cents per share. It also offers a tiered pricing plan that awards high volume traders with even lower rates. There is a $10,000 opening account minimum ($3,000 for clients 25 and younger). There is a monthly activity fee unless required commission minimums are met.
Compare TD Ameritrade with Interactive Brokers, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
TD Ameritrade | Interactive Brokers | |
---|---|---|
Commission-Free Trading - Online Stock, ETF and Option Trades - | Referral Program - $200 Bonus - | |
Benefits and Features | ||
Stock Trading | $0 commission for online stock, ETF, and option trades | IBKR Lite: $0 per share (min $0 per order) IBKR Pro - Fixed: $0.0005 per share (min $1.00 per order, max 1.0% of trade value). IBKR Pro - Tiered: Starts at $0.0035 per share for less than 300,000 shares (min $0.35 per order, max 1% of trade value) |
Options Trading | $0.15-$0.65 per contract ($1 minimum per order) | |
Cryptocurrency Trading | ||
Minimum Deposit | ||
Mutual Fund Trading | Up to $49.95 or $74.95 for buys. $0 for sells | $0 for no-transaction-fee funds. For transaction-fee funds, 3% trade value OR $14.95, per transaction, whichever is less, for transaction-fee funds |
Commission Free ETFs | ||
Live Chat Support | ||
Penny Stocks | ||
Broker Assisted Trades | ||
Inactivity Fee | ||
Maintenance Fee | ||
Online Platform | ||
Banking | Cash Management account offers free ATM withdrawals, no monthly maintenance fees, free online bill pay, and free check writing. | |
Mobile App | ||
Desktop App | ||
Forex Trading | Available for qualified customers | |
Futures Trading | $2.25 per contract (plus exchange & regulatory fees) | |
Bond Trading | ||
CFD Trading | ||
Currency Trading | ||
Customer Service | United States: Monday-Friday 8am - 10pm ET; Sunday 1pm - 7pm ET (24/7 Weekday service available in other countries) | |
Locations | More than 100 locations in 34 states | |
Online Community | ||
Seminars | ||
Trading Platform | ||
Virtual Trading | ||
CreditDonkey® Reviews | ||
Stock Trading | ||
Options Trading | ||
Banking | ||
Mobile App | ||
Commissions and Fees | ||
Ease of Use | ||
Online Community | ||
Research | ||
Trading Platform | ||
Mutual Fund Trading | ||
Online Platform | ||
Pros & Cons | Pros:
| Pros:
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Bottom Line | Good online broker for long-term investors... | Good discount broker for experienced, high volume traders... |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. TD Ameritrade: Pricing information from published website as of 09/05/2023. Interactive Brokers: Pricing information from published websites as of 10/17/2023. |
Which is Better: TD Ameritrade or Interactive Brokers?
Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing TD Ameritrade or Robinhood.
In short: TD Ameritrade's ease of use and research are impressive. Interactive Brokers' stock trading and options trading are outstanding.