Home Brokers comparison Interactive Brokers vs. TD Ameritrade

Interactive Brokers vs. TD Ameritrade

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Interactive Brokers and TD Ameritrade are leading online brokers. Interactive Brokers is a secure broker with licenses from the IIROC, SFC, FSA, FCA, MAS, FINMA, and CFTC. It has a proprietary platform and a professional app with access to a virtual trading account. Interactive Brokers is a top choice for traders of all levels of experience. 

TD Ameritrade is a top US-based stockbroker with an excellent platform. It offers competitive prices and an impressive portfolio. TD Ameritrade has many learning tools, which is why it is a recommended choice for new traders. 

Both online brokers have advantages and disadvantages. This article discusses the differences between Interactive Brokers and TD Ameritrade. 

Broker NameInteractive BrokersTD Ameritrade
Year Founded19781975
RegulationSEC (USA), FCA (UK)SEC, CFTC, FINRA
Tradable AssetsStock, ETF, Forex, Fund, Bond, Options, Futures,
CFD, Crypto, Warrants, Structured Products
Futures, Bond, Fund, Forex, Stock, ETF, Options
Min Deposit$0$0
Min TradeLow
PlatformsTraders Workstation (TWS)iOS and Android
DepositYou can open account without depositFree for US residents, wire transfer for non US
WithdrawalsFree of charge for the first withdrawal in calendar monthFree for US residents, wire transfer for non US

Top findings from the Interactive Brokers vs. TD Ameritrade review:  

  1. Interactive Brokers is a leading brokerage firm with many beginner-friendly and advanced tools. 
  1. TD Ameritrade is a US-based broker with reliable learning tools. 
  1. Both brokers offer a proprietary platform, a virtual trading discount, and a demo account. 

Interactive Brokers is a top choice for traders of all levels of experience. It provides access to many tools, including advanced research data. TD Ameritrade is a better choice for new traders because of its comprehensive learning materials. 

Overall Rating

FeatureInteractive BrokersTD Ameritrade
Overall4.54.5
Commissions & Fees4.53.5
Offering of Investments54.5
Platforms & Tools4.54.5
Mobile Trading44.5
Research4.54.5
Education44
Trust Score9498
WinnerYES

Level of experience  

Interactive Brokers offers many tools for traders of all levels of experience. It has reliable research tools, including forex news and Trading Central. This broker offers top educational materials, including webinars and beginner videos. Its demo account is an excellent learning tool. 

TD Ameritrade has many educational materials, Paper Trading, and other useful learning tools. It has straightforward platforms and premium trading tools. TD Ameritrade is a top choice for U.S.-based traders of all levels of experience. 

Fees  

Both brokers have a transparent fee structure and a minimum initial deposit of $0. They offer an active trader discount. 

Assets  

Interactive Brokers offers 105 forex currency pairs, while TD Ameritrade has 73 available pairs. Interactive Brokers provides access to 7400 CFDs, while TD Ameritrade has 0 available CFDs. 

Trading platform  

Interactive Brokers has beginner-friendly desktop and web platforms. It provides many educational tools, including forex education, webinars, and professional trading videos. Interactive Brokers is a top choice for traders of all levels of experience. 

TD Ameritrade has straightforward platforms focused on learning tools. It provides access to professional research and educational materials on all its platforms. TD Ameritrade offers superior market data. It is a good fit for both new and advanced traders. 

Banking services  

Banking services are an asset for traders of all levels of experience. Both brokers offer bank transfers as their funding solution. 

Final verdict 

Interactive Brokers and TD Ameritrade are leading online brokers with excellent experiences. Both have strengths and weaknesses depending on your trading experience and skills. We recommend Interactive Brokers to traders who want access to premium tools and market data. TD Ameritrade is a better fit for U.S.-based beginner traders, as it has many educational materials. 


Methodology 

The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.

Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.

Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Business24-7 maintains high editorial standards and provides the best advice and recommendations. The products and companies that we review may compensate us when you click on the links on this website. Click below to find out more about our review process and methodology.

Disclosure

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.

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