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TD Ameritrade vs Vanguard

TD Ameritrade is a good online broker for long-term investors. How does it compare to Vanguard? Read our comparison chart below.

TD Ameritrade offers stock trades at $6.95 per trade and 300+ commission free ETFs. This online broker also has more than 100 branch locations. There is no minimum deposit, no maintenance fee, and no inactivity fee.

While Vanguard offers low stock trade prices (starting at just $2) for investors with account balances over $500k. For those with smaller balances, it's best for less active traders, as trade prices go up after 25 trades/year. Vanguard offers 125+ no-transaction-fee mutual fees and 55+ commission-free ETFs. There is no minimum deposit and service fees can be waived by signing up for electronic statements.

Compare TD Ameritrade with Vanguard, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 TD Ameritrade
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TD Ameritrade

Vanguard

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Benefits and Features

Stock Trading
$6.95 per trade
Less than $50,000: $7 per trade for the first 25 trades per year, then $20.
$50k - $500k: All trades $7.
$500k - $1M: All trades $2.
$1M - $5M: First 25 trades per year free, then $2.
$5M+: First 100 trades per year free, then $2
Options Trading
$6.95 + $0.75 per contract
Less than $500,000: $7 + $1 per contract.
$500,000+: $2 + $1 per contract
Minimum Deposit
$0
$0
Mutual Fund Trading$0 for no-transaction-fee mutual funds
$49.99 for no-load mutual funds
$0 for load mutual funds
$0 for no-transaction-fee funds. For transaction-fee funds: $20 for account balances less than $500,000; $8 for account balances $500,000+
Commission Free ETFs
300+ Commission-Free ETFs
55+
Penny Stocks
 
Broker Assisted Trades
$44.99
$25.00
Customer Service
(800) 669-3900
Monday-Friday 8am -10pm ET
Inactivity Fee
$0
$0
Maintenance Fee
$0
$20/year. Waived if account owner signs up for e-delivery service OR have at least $10,000 in Vanguard ETFs and mutual funds
BankingCash Management account offers free ATM withdrawals, no monthly maintenance fees, free online bill pay, and free check writing.
No
Mobile App
Yes
Desktop App
thinkorswim
Yes
Forex Trading
Yes
Futures Trading$2.25 per contract (plus exchange & regulatory fees)
No
LocationsMore than 100 locations in 34 states
No
Online Community 
No
Seminars
Online webcast
Yes
Virtual TradingPaper Trading to practice/test strategies and ideas.
No
 

CreditDonkey® Reviews

 TD Ameritrade
Stock Trading
Options Trading
Banking
Mobile App
Commissions and Fees
Ease of Use
Online Community
Research
Trading Platform
Mutual Fund Trading
Pros & ConsPros:
  • Easy to Use
  • Thinkorswim Platform
  • Customer Service
Cons:
  • Trade Fees
Pros:
  • Large selection of mutual funds and commission-free ETFs
  • Broker assistance is available at no additional cost
  • Easy to use
Cons:
  • Commission structure penalizes frequent traders
  • Customer service wait times
  • Commission costs on non-Vanguard investment options
Bottom LineGood online broker for long-term investors... Read full reviewGood choice for ETF and mutual fund investors interested in Vanguard-sponsored investments... Read full review
 Visit SiteLearn More
What Others View

    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 03/13/2017

    Vanguard: Pricing information from published websites as of 4/16/2018

    Which is Better: TD Ameritrade or Vanguard?

    Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing TD Ameritrade or Ally Invest.

    In short: TD Ameritrade's mobile app and research are impressive.


    Articles on TD Ameritrade


    Articles on Vanguard


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