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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

OFFER
Commission-Free Trading - Online Stock, ETF and Option Trades - Learn More

Read TD Ameritrade Review

SPECIAL OFFER
Referral Program - $200 Bonus - Learn More

Read Interactive Brokers Review

 

Benefits and Features

Stock Trading$0 commission for online stock, ETF, and option tradesIBKR 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
$0.65 per contract
$0.15-$0.65 per contract ($1 minimum per order)
Cryptocurrency Trading
Yes
 
Minimum Deposit
$0
$0
Mutual Fund TradingUp 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
550+ Commission-Free ETFs
150+
Live Chat Support
Yes
 
Penny Stocks
Check
 
Broker Assisted Trades
$25
$30
Inactivity Fee
$0
$0
Maintenance Fee
$0
$0
Online Platform
Yes
 
BankingCash Management account offers free ATM withdrawals, no monthly maintenance fees, free online bill pay, and free check writing.
No
Mobile App
Yes
Yes
Desktop App
Thinkorswim
Yes
Forex Trading
Yes
Available for qualified customers
Futures Trading$2.25 per contract (plus exchange & regulatory fees)
Yes
Bond Trading
Yes
 
CFD Trading
No
 
Currency Trading
Yes
 
Customer Service
(800) 669-3900 (Open 24/7)
United States: Monday-Friday 8am - 10pm ET; Sunday 1pm - 7pm ET (24/7 Weekday service available in other countries)
LocationsMore than 100 locations in 34 states
No
Online Community 
Yes
Seminars
Online webcast
Yes
Trading Platform
thinkorswim
 
Virtual Trading
Yes
Yes
 

CreditDonkey® Reviews

Stock TradingStarStarStarHalf StarEmpty StarStarStarStarStarStar
Options TradingStarStarStarStarEmpty StarStarStarStarStarStar
BankingStarStarStarStarEmpty StarStarStarStarStarEmpty Star
Mobile AppStarStarStarStarStarStarStarStarStarStar
Commissions and FeesStarStarStarHalf StarEmpty StarStarStarStarHalf StarEmpty Star
Ease of UseStarStarStarStarStarStarStarStarEmpty StarEmpty Star
Online CommunityStarStarStarEmpty StarEmpty Star
ResearchStarStarStarStarStarStarStarStarStarEmpty Star
Trading PlatformStarStarStarStarStar
Mutual Fund TradingStarStarStarStarEmpty Star
Online PlatformStarStarStarStarStar
Pros & ConsPros:
  • Easy to Use
  • Thinkorswim Platform
  • Customer Service
Cons:
  • Trade Fees
Pros:
  • Large number of investments, including options, futures, and forex
  • Customize trading platform
  • Tools and opportunities for research
Cons:
  • Platform can be too much for a beginner to understand
  • Complicated pricing structure
Bottom LineGood online broker for long-term investors... Read full reviewGood discount broker for experienced, high volume traders... Read full review

Referral Program - $200 Bonus

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.


Articles on TD Ameritrade

TD Ameritrade

TD Ameritrade fees are higher than competitors, but is it worth it? We say yes and here's why. We analyze and compare it for you in our in-depth review.

TD Ameritrade Customer Service

TD Ameritrade offers 24/7 customer service - both online and on the phone. But the best way to actually contact TD Ameritrade may surprise you. Read on.

Articles on Interactive Brokers

Interactive Brokers

Interactive Brokers offers a robust trading platform that experienced traders favor due to its competitive fee structure and extensive range of trading options.

Which Do You Think is Best?





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