Interactive Brokers vs. TD Ameritrade Comparison

This contrast guide aids customers that battle to pick between Interactive Brokers and TD Ameritrade to find the most effective online broker for their trading and financial investment requirements. It examines the highlights of the two brokers side by side to assist individuals contrast their service and make an educated choice.

To help customers pick the appropriate broker in between Interactive Brokers and TD Ameritrade to locate the best-suited system, below is a checklist of broker’s pros and cons, followed by a comparison of their primary trading attributes, including trading platforms & devices, costs, mobile trading, deposit & withdrawal, assets, policy, and client assistance.

Interactive Brokers vs. TD Ameritrade: Summary

Interactive Brokers

Interactive Brokers is a highly trusted global broker with a well-rounded offer of tradable markets, great educational content and sophisticated order type configuration. It is a high trusted and well capitalize company with an industry leading trading platform, a competitive fee structure and great global market access. Their low entry level and the Global Trader platform, which is intuitive and easy to use trading station, make this broker s great choice for beginners and advanced forex traders.

Professional and seasoned traders will appreciate the great selection of advanced trading tools and order type configurations available on their proprietary Trader Workstation desktop platform (TWS).

TD Ameritrade logo

TD Ameritrade is a US based online stock broker founded in 1975. It is regulated by two of the most strict US regulators the SEC and FINRA. The broker offers access to a wide range of stocks and forex pairs and a handful of bonds, options, futures, crypto, and other financial instruments.

TD Ameritrade has a proprietary trading platform (thinkorswim) and two mobile trading apps. Both have an intuitive design and feature a great set of trading tools and features.

TD Ameritrade has low trading fees compared to other similar brokers like tastytrade, Robinhood and Fidelity. They charge 0% commission on stocks and ETFs, while futures trading comes with high fees. Forex, options and bonds are available at average fees.

TD Ameritrade’s customer support is available by phone and email from 8:30 AM to 5:30 PM ET, Monday – Friday.

Pros

  • Low minimum deposit ($0)
  • Industry lowest overall fees
  • Professional trading platform suitable for different types of traders
  • Intuitive and easy to use mobile trading app
  • Compatible features for casual and professional traders
  • Responsive customer support

Cons

  • Few deposit and withdrawal options
  • Research and education materials missing

Pros

  • Low minimum deposit ($0)
  • Free stock and ETF trading
  • Feature-rich desktop and web trading platform (thinkorswim)
  • Advanced charting capabilities and real-time data
  • Wide range of stocks and ETFs
  • Excellent mobile trading apps for casual and active traders

Cons

  • Mostly US markets and assets
  • Only accept bank wire transfers
  • Doesn’t offer fractional shares

Key features

  • Margin loan rates on stocks of 1.3%
  • Access to 135+ global markets
  • Advanced order types, tools and features
  • Access to frictional shares
  • Lowest commissions in the industry

Key features

  • Wide range of US stocks and ETFs
  • Vast selection of charting tools and indicators
  • Daily market analysis in the form webinars, webcasts, and podcasts
  • 0% commission stock and ETF trading
  • Access to IPOs, annuities, fixed income products, and lending programs

Interactive Brokers vs. TD Ameritrade Comparison

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Interactive Brokers

Interactive Brokers

Open account Read review

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.

TD Ameritrade logo

TD Ameritrade

BROKER COMPARISON

Interactive Brokers
TD Ameritrade logo

Overall rating

4,9/5

4,1/5

Overall rating

4,9/5

4,1/5

Trading Platform & Tools

4.9

4.4

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1:20 1:2
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

4.9

3.6

See details
Withdrawal Fee 0 0
Deposit Fee 1% 0
Inactivity Fee 0 0
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 0.2 pips + 0.08 to 0.20 bps times trade size comission 1.3 pips
Stocks & ETF $ 0.005 per share $6.95
CFD (Gold) 0.02% 0
Crypto 0.12% to 0.18% of trade value 0
Options 0.65 per options contract fee
Conversion Fees 0 $75 transfer fee
Misc. Fees 0 0
Overnight Fees Yes on CFD’s 0

Mobile Trading

5.0

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

4.9

1.9

See details
Minimum deposit (in UAE) $0 0
Bank Wire
Credit/Debit Card
Cash
Check YES from US bank account
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

4.9

4.9

See details
Shares 16.500 3700
ETF & Funds 35.000 13000
Crypto 4 0
Commodities 1 10
Indices 3052 12
Options 50.000 0
Futures 245 70
Bonds 1.000.000 40000
Forex 115 70
CFD Indices & Funds 13 0
CFD Stocks 8.000 0
CFD Commodities 2 0
CFD Crypto 0 0
CFD Bonds 0 0
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

5.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

4.8

4.3

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

4.9

4.0

See details
Email
Phone
Live Chat
24/7 support
Multilingual English / Spanish
Personal Account Manager

Winner

Interactive Brokers vs. TD Ameritrade Comparison Conclusion

The results of our contrast of Interactive Brokers vs. TD Ameritrade are involved the table below.

Broker:Best For:
Interactive BrokersStocks and ETFs
TD AmeritradeUS Stocks and ETFs

Picking the appropriate option between Interactive Brokers and TD Ameritrade can be tough. Both online brokers have similarities however differ pertaining to trading tools, platforms & apps, regulation, deposit & withdrawals, and research study and education and learning. Picking the very best broker depends on individuals’ trading & financial investment objectives, specific preferences, and experience degree.

To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.

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