Interactive Brokers vs. TD Ameritrade

Page Summary

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. 

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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 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

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

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. 
  2. TD Ameritrade is a US-based broker with reliable learning tools. 
  3. 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. 

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. 

Interactive Brokers compared to other brokers:

Interactive Brokers Review

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