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 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 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
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
BROKER COMPARISON
Trading Platform & Tools
| 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
| 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 |
Deposit & Withdrawal
| 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
| 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 Instruments | 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 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| 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 Brokers | Stocks and ETFs |
| TD Ameritrade | US 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.