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 Name||Interactive Brokers||TD Ameritrade|
|Regulation||SEC (USA), FCA (UK)||SEC, CFTC, FINRA|
|Tradable Assets||Stock, ETF, Forex, Fund, Bond, Options, Futures, |
CFD, Crypto, Warrants, Structured Products
|Futures, Bond, Fund, Forex, Stock, ETF, Options|
|Platforms||Traders Workstation (TWS)||iOS and Android|
|Deposit||You can open account without deposit||Free for US residents, wire transfer for non US|
|Withdrawals||Free of charge for the first withdrawal in calendar month||Free for US residents, wire transfer for non US|
Top findings from the Interactive Brokers vs. TD Ameritrade review:
- Interactive Brokers is a leading brokerage firm with many beginner-friendly and advanced tools.
- TD Ameritrade is a US-based broker with reliable learning tools.
- 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.
|Feature||Interactive Brokers||TD Ameritrade|
|Commissions & Fees||4.5||3.5|
|Offering of Investments||5||4.5|
|Platforms & Tools||4.5||4.5|
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.
Both brokers have a transparent fee structure and a minimum initial deposit of $0. They offer an active trader discount.
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.
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 are an asset for traders of all levels of experience. Both brokers offer bank transfers as their funding solution.
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.
Interactive Brokers compared to other brokers:
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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.
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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.