CreditDonkey is a stock broker comparison and reviews website. This website is made possible through financial relationships with card issuers and some of the products and services mentioned on this site. Advertiser Disclosure†






Interactive Brokers vs TD Ameritrade

Interactive Brokers is a good discount broker for experienced, high volume traders. . How does it compare to TD Ameritrade? Read our comparison chart below.

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.

While 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.

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

 TD Ameritrade
 Learn MoreVisit Site
 

Interactive Brokers

TD Ameritrade

Earn $200 with Referrals - Learn More

Read Interactive Brokers Review

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

Read TD Ameritrade Review

 

Benefits and Features

Stock TradingFixed pricing: $0.005 per share (min $1 per order, max 1.0% of trade value). Tiered pricing: Starts at $0.0035 per share for less than 300,000 shares (min $0.35 per order, max 1% of trade value)$0 commission for online stock, ETF, and option trades
Options Trading$.15-$.70 per contract ($1 minimum per order)
$0.65 per contract
Minimum Deposit$10,000 for individual accounts; $5,000 for IRAs; $3,000 for clients 25 and under
$0
Mutual Fund Trading$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$0 for no-transaction-fee mutual funds
$49.99 for no-load mutual funds
$0 for load mutual funds
Commission Free ETFs
48
550+ Commission-Free ETFs
Penny Stocks 
Broker Assisted Trades
$30
$25
Customer ServiceUnited States: Monday-Friday 8am - 10pm ET; Sunday 1pm - 7pm ET (24/7 Weekday service available in other countries)
(800) 669-3900 (Open 24/7)
Inactivity Fee$10/month for accounts under $100,000; $20/month for accounts under $2,000; $3/month for clients 25 and younger
$0
Maintenance FeeWaived if account value is at least $100,000 OR if monthly commission requirements are met. If not met, the activity fee is the difference. For accounts less than $100,000: the commission requirement is $10/month. For accounts less than $2,000: the commission requirement is $20/month. For clients 25 and younger: the commission requirement is $3/month.
$0
Banking
No
Cash Management account offers free ATM withdrawals, no monthly maintenance fees, free online bill pay, and free check writing.
Mobile App
Yes
Desktop App
Yes
Thinkorswim
Forex TradingAvailable for qualified customers
Futures Trading
Yes
$2.25 per contract (plus exchange & regulatory fees)
Locations
No
More than 100 locations in 34 states
Online Community
Yes
 
Seminars
Yes
Online webcast
Virtual Trading
Yes
Paper Trading to practice/test strategies and ideas.
 

CreditDonkey® Reviews

 TD Ameritrade
Stock Trading
Options Trading
Mutual Fund Trading
Online Platform
Banking
Mobile App
Commissions and Fees
Ease of Use
Research
Online Community
Trading Platform
Pros & ConsPros:
  • Large number of investments, including options, futures, and forex
  • Customize trading platform
  • Tools and opportunities for research
Cons:
  • $10,000 minimum to open an account.
  • Platform can be too much for a beginner to understand
  • Inactivity fees if you don't meet the trade commission requirements.
Pros:
  • Easy to Use
  • Thinkorswim Platform
  • Customer Service
Cons:
  • Trade Fees
Bottom LineGood discount broker for experienced, high volume traders... Read full reviewGood online broker for long-term investors... Read full review
 Learn MoreVisit Site

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Interactive Brokers: Pricing information from published websites as of 09/15/2019.

TD Ameritrade: Pricing information from published website as of 07/18/2019.

TD Ameritrade: TD Ameritrade has not influenced the content of CreditDonkey. CreditDonkey may earn compensation for accounts opened at TD Ameritrade.

Which is Better: Interactive Brokers or TD Ameritrade?

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

In short: Interactive Brokers' stock trading and options trading are outstanding. TD Ameritrade's ease of use and research are impressive.


Articles on Interactive Brokers


Articles on TD Ameritrade


Which Do You Think is Best?

Name
Email (won't be published)


You Might Also Like

    Best Trading Platform

    Which trading platform is the best for beginners? Using the wrong broker could lose you money. Read this review to the right one for stock and options.

    Best Discount Broker

    The best online broker offers low fees, great customer service, and smart research tools. Find the best discount brokerage to consider.

    Study: Best Stock Broker for Penny Stocks

    The name "penny stock" can be misleading. To the untrained investment ear, it sounds like an easy trading gig with little at stake. However, nothing can be further from the truth, as it's a very volatile market that should be researched thoroughly before trading, especially by novices. It's more for seasoned traders who understand the pitfalls and the risk involved; it takes some finesse to trade in this arena — and be profitable at it.

Compare Interactive Brokers to:


You might also be interested in

Earn Side Money Online

With so many bills to pay, it can be hard to squeeze anything more out of your budget. Especially when you sit down to unravel all those crumpled up receipts and add up the cost of groceries, gas and rent.

Compare TD Ameritrade to:



About CreditDonkey®
CreditDonkey is a stock broker comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: Many of the card offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.