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Online Brokerage Comparison Tool

StockBrokers.com | March 17th, 2020

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Use the StockBrokers.com online brokerage comparison tool to compare over 150 different account features and fees across 16 online brokers: Ally Invest, Charles Schwab, Chase You Invest Trade, ChoiceTrade, Cobra Trading, E*TRADE, Fidelity, Firstrade, Interactive Brokers, Just2Trade, Lightspeed, Merrill Edge, Robinhood, SogoTrade, SpeedTrader, TD Ameritrade, and TradeStation. Compare trading commissions, account fees, trading tools and platforms, market research functionality, mobile apps, beginner education, and current special offers.

Exclusive Offer Get up to $600 and trade commission-free with TD Ameritrade. Open Account
Exclusive Offer New clients that open an account today receive a special margin rate Open Account
Promo Offer Commission-Free Trades on Stocks, ETFs & Options Trades Open Account
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Special Offer Get up to $600 when you invest in a new Merril Edge Self-Directed account. Open Account
Special Offer Enjoy up to $625 when you open & fund a new account with $25K+*. Open Account
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Overall Rating

Feature TD Ameritrade Interactive Brokers TradeStation Merrill Edge Chase You Invest Trade
Overall 5 4.5 4 4.5 3.5
TD Ameritrade Review Interactive Brokers Review TradeStation Review Merrill Edge Review Chase You Invest Trade Review

Trading Fees

Feature TD Ameritrade Interactive Brokers TradeStation Merrill Edge Chase You Invest Trade
Minimum Deposit $0.00 $0.00 $0.00 $0.00 $0.00
Stock Trade Fee (per trade) $0.00 N/A $0.00 $0.00 $2.95
ETF Trade Fee $0.00 $0.01 $0.00 $0.00 $2.95
Options Base Fee $0.00 $0.00 $0.00 $0.00 $2.95
Options Per Contract Fee $0.65 $0.65 $0.50 $0.65 $0.75
Mutual Fund Trade Fee $49.99 $14.95 $14.95 $19.95 $0.00
Broker Assisted Trades Fee $44.99 $30.00 $50.00 $29.95 $25.00
Commissions & Fees 4.5 5 4.5 4.5 4
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Margin Rates

Feature TD Ameritrade Interactive Brokers TradeStation Merrill Edge Chase You Invest Trade
Under $24,999.99 10.00% 1.65% 9.50% 10.13% N/A
$25,000.00 to $49,999.99 9.75% 1.65% 9.50% 9.00% N/A
$50,000.00 to $99,999.99 8.75% 1.65% 8.75% 9.00% N/A
$100,000.00 to $249,999.99 8.50% 1.15% 8.75% 7.63% N/A
$250,000.00 to $499,999.99 8.25% 1.15% 8.75% 7.63% N/A
$500,000.00 to $999,999.99 N/A 1.15% 5.50% 7.38% N/A
Above $1,000,000.00 N/A 0.75% 5.50% 6.75% N/A
Commissions & Fees 4.5 5 4.5 4.5 4
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Account Fees

Feature TD Ameritrade Interactive Brokers TradeStation Merrill Edge Chase You Invest Trade
IRA Annual Fee $0.00 $0.00 $35.00 $0.00 $0.00
IRA Closure Fee $0.00 $0.00 $50.00 $49.95 $75.00
Returned ACH Fee $25.00 N/A $25.00 $30.00 N/A
Returned Wire Fee $25.00 N/A $25.00 N/A N/A
Stock Certificate Processing Fee $0.00 N/A $150.00 $500.00 N/A
Stock Certificate Delivery Fee $500.00 N/A $15.00 N/A N/A
Paper Statement Fee $0.00 N/A $1.00 $5.00 $6.00
Paper Confirmation Fee $0.00 N/A $1.00 $3.00 N/A
Domestic Wire Fee $25.00 $10.00 $25.00 $24.95 $30.00
International Wire Fee $25.00 $10.00 $35.00 $24.95 $30.00
Commissions & Fees 4.5 5 4.5 4.5 4

Investment Options

Feature TD Ameritrade Interactive Brokers TradeStation Merrill Edge Chase You Invest Trade
Stock Trading
 Yes Yes Yes Yes Yes
Fractional Shares
 No Yes No No No
OTCBB / Pink Sheets
 Yes Yes Yes Yes Yes
Options Trading
 Yes Yes Yes Yes Yes
Complex Options Max Legs
 4 8 4 2 1
Futures Trading
 Yes Yes Yes No No
Forex Trading
 Yes No No No No
Commission-Free ETFs all 96 all all 0
Mutual Funds (No Load)
 5992 8655 887 2471 3500
Mutual Funds (Total)
 11949 18210 4357 3709 3500
Bonds (US Treasury)
 Yes Yes Yes Yes Yes
Bonds (Corporate)
 Yes Yes Yes Yes Yes
Bonds (Municipal)
 Yes Yes Yes Yes Yes
Interest Sharing
 No Yes Yes No No
Advisor Services
 Yes No No Yes Yes
International Trading
 Yes Yes No No No
Offering of Investments 4.5 4.5 4.5 3.5 3.5
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Order Types

Feature TD Ameritrade Interactive Brokers TradeStation Merrill Edge Chase You Invest Trade
Order Type - Market
 Yes Yes Yes Yes Yes
Order Type - Limit
 Yes Yes Yes Yes Yes
Order Type - Stop
 Yes Yes Yes Yes Yes
Order Type - Trailing Stop
 Yes Yes Yes Yes No
Order Type - Contingent
 Yes Yes Yes No No
Order Type - MultiContingent
 Yes Yes Yes No No
Order Type - OCO
 Yes Yes Yes No No
Order Type - OTO
 Yes Yes Yes No No
Order Type - OTOCO
 Yes Yes Yes No No
Offering of Investments 4.5 4.5 4.5 3.5 3.5
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Trading Platforms

Feature TD Ameritrade Interactive Brokers TradeStation Merrill Edge Chase You Invest Trade
Desktop Platform (Windows)
 Yes Yes Yes Yes No
Desktop Platform (Mac)
 Yes Yes No Yes No
Web Platform
 Yes Yes Yes Yes Yes
Paper Trading
 Yes Yes Yes No No
Trade Journal
 Yes Yes No No No
Watch Lists - Total Fields
 514 494 335 285 4
Heat Mapping
 Yes Yes No Yes No
AI Assistant Bot
 Yes Yes No No No
Platforms & Tools 5 4.5 5 4 1.5
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Charting Features

Feature TD Ameritrade Interactive Brokers TradeStation Merrill Edge Chase You Invest Trade
Charting - Trade Off Chart
 Yes Yes Yes Yes No
Charting - Indicators / Studies
 489 121 285 100 21
Charting - Drawing Tools
 22 9 23 22 0
Charting - Historical Trades
 Yes Yes Yes Yes No
Charting - Corporate Events
 Yes Yes No Yes Yes
Charting - Automated Analysis
 Yes No No Yes No
Charting - Save Profiles
 Yes Yes Yes Yes No
Charting - Study Customizations
 9 6 12 8 1
Charting - Custom Studies
 Yes No Yes No No
Platforms & Tools 5 4.5 5 4 1.5
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Day Trading

Feature TD Ameritrade Interactive Brokers TradeStation Merrill Edge Chase You Invest Trade
Stock Alerts - Basic Fields
 Yes Yes Yes Yes No
Stock Alerts - Advanced Fields
 Yes No Yes Yes No
Streaming Time & Sales
 Yes Yes Yes Yes No
Streaming TV
 Yes Yes No No No
Direct Market Routing - Stocks
 Yes Yes Yes No No
Direct Market Routing - Options
 Yes Yes Yes No No
Ladder Trading
 Yes Yes Yes No No
Trade Hot Keys
 Yes Yes Yes Yes No
Level 2 Quotes - Stocks
 Yes Yes Yes Yes No
Level 2 Quotes - Options
 Yes Yes Yes Yes No
Trade Ideas - Backtesting
 Yes Yes Yes Yes No
Short Locator
 No Yes Yes No No
Order Liquidity Rebates
 No Yes Yes No No
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Mobile Trading Apps

Feature TD Ameritrade Interactive Brokers TradeStation Merrill Edge Chase You Invest Trade
iPhone App
 Yes Yes Yes Yes Yes
Android App
 Yes Yes Yes Yes Yes
Apple Watch App
 Yes Yes No Yes No
Trading - Stocks
 Yes Yes Yes Yes Yes
Trading - After-Hours
 Yes Yes Yes Yes No
Trading - Conditional Orders
 Yes Yes Yes No No
Trading - Mutual Funds
 No Yes No Yes Yes
Trading - Simple Options
 Yes Yes Yes Yes Yes
Trading - Complex Options
 Yes Yes Yes Yes No
Trading - Option Rolling
 Yes No No No No
Touch / Face ID
 Yes Yes Yes Yes Yes
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Mobile App Features

Feature TD Ameritrade Interactive Brokers TradeStation Merrill Edge Chase You Invest Trade
Watch List Syncing
Yes Yes Yes Yes Yes
Stock Alerts
 Yes Yes Yes Yes No
Charting - After Hours
 Yes Yes Yes Yes No
Charting - Drawing
 Yes No Yes Yes No
Charting - Study Customizations
Yes Yes Yes Yes No
Heatmapping
 No No No Yes No
Stream Live TV
 Yes Yes No No No
Barcode Lookup
 Yes No No No No
Mobile Trading 5 4.5 4.5 4 3.5
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Research Overview

Feature TD Ameritrade Interactive Brokers TradeStation Merrill Edge Chase You Invest Trade
Research - Stocks
 Yes Yes Yes Yes Yes
Research - ETFs
 Yes Yes Yes Yes Yes
Research - Mutual Funds
 Yes Yes No Yes Yes
Research - Pink Sheets / OTCBB
 Yes Yes Yes Yes No
Research - Fixed Income
 Yes Yes No Yes No
Screener - Stocks
 Yes Yes Yes Yes Yes
Screener - ETFs
 Yes Yes No Yes Yes
Screener - Mutual Funds
 Yes No No Yes Yes
Screener - Options
 Yes Yes Yes Yes No
Screener - Bonds
 Yes Yes No Yes Yes
Misc - Portfolio Builder
 Yes Yes No Yes No
Misc - Portfolio Allocation
 Yes Yes No Yes Yes
Research 5 4 2 4.5 3.5
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Stock Research

Feature TD Ameritrade Interactive Brokers TradeStation Merrill Edge Chase You Invest Trade
Stock Research - Reports
 7 2 0 3 1
Stock Research - Earnings
 Yes Yes No Yes No
Stock Research - Insiders
 Yes Yes No Yes No
Stock Research - Metric Comp
 Yes Yes No Yes No
Stock Research - SEC Filings
 Yes Yes No Yes No
Stock Research - Social
 Yes Yes No No No
Stock Research - Balance Sheet
 Yes Yes No Yes No
Stock Research - Cash Flows
 Yes Yes No Yes No
Stock Research - News
 Yes Yes Yes Yes Yes
Stock Research - ESG
 No Yes No Yes No
Research 5 4 2 4.5 3.5
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ETF Research

Feature TD Ameritrade Interactive Brokers TradeStation Merrill Edge Chase You Invest Trade
ETFs - Strategy Overview
 Yes Yes No Yes No
ETFs - Top 10 Holdings
 Yes Yes No Yes Yes
ETFs - Sector Exposure
 Yes Yes No Yes Yes
ETFs - Risk Analysis
 Yes Yes No Yes No
ETFs - Performance Analysis
 Yes Yes No Yes Yes
ETFs - Ratings
 Yes Yes No Yes Yes
ETFs - Morningstar StyleMap
 Yes No No Yes Yes
ETFs - Reports
 Yes Yes No Yes No
Research 5 4 2 4.5 3.5
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Mutual Fund Research

Feature TD Ameritrade Interactive Brokers TradeStation Merrill Edge Chase You Invest Trade
Mutual Funds - Strategy Overview
 Yes Yes No Yes No
Mutual Funds - Prospectus
 Yes Yes No Yes No
Mutual Funds - Reports
 Yes Yes No Yes No
Mutual Funds - Fees Breakdown
 Yes Yes No Yes No
Mutual Funds - Top 10 Holdings
 Yes Yes No Yes Yes
Mutual Funds - Asset Allocation
 Yes No No Yes Yes
Mutual Funds - Sector Allocation
 Yes Yes No Yes Yes
Mutual Funds - Country Allocation
 No Yes No Yes Yes
Mutual Funds - StyleMap
 Yes Yes No Yes Yes
Mutual Funds - 3rd Party Ratings
 Yes Yes No Yes Yes
Research 5 4 2 4.5 3.5
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Options Trading

Feature TD Ameritrade Interactive Brokers TradeStation Merrill Edge Chase You Invest Trade
Option Chains - Streaming
 Yes Yes Yes Yes No
Option Chains - Total Columns
 33 37 32 69 6
Option Chains - Greeks
5 4 5 5 0
Option Chains - Quick Analysis
 Yes Yes Yes Yes No
Option Analysis - P&L Charts
 Yes Yes Yes Yes No
Option Probability Analysis
 Yes Yes Yes Yes No
Option Probability Analysis Adv
 Yes Yes Yes No No
Option Positions - Greeks
Yes Yes Yes Yes No
Option Positions - Adv Analysis
 Yes Yes Yes Yes No
Option Positions - Rolling
 Yes Yes Yes Yes No
Option Positions - Grouping
 Yes Yes Yes Yes No
Platforms & Tools 5 4.5 5 4 1.5
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Beginners

Feature TD Ameritrade Interactive Brokers TradeStation Merrill Edge Chase You Invest Trade
Education (Stocks)
 Yes Yes Yes Yes Yes
Education (ETFs)
 Yes Yes No Yes No
Education (Options)
 Yes Yes Yes Yes No
Education (Mutual Funds)
 Yes No No Yes No
Education (Fixed Income)
 Yes Yes No Yes No
Education (Retirement)
 Yes No No Yes Yes
Paper Trading
 Yes Yes Yes No No
Videos
 Yes Yes Yes Yes Yes
Webinars (Monthly Avg)
 500 20 0 0 0
Webinars (Archived)
 Yes Yes Yes No No
Live Seminars
 Yes No Yes Yes No
Progress Tracking
 Yes Yes No Yes Yes
Interactive Learning - Quizzes
 Yes Yes No Yes Yes
Investor Magazine
 Yes Yes Yes Yes No
Education 5 4 2.5 4.5 2.5
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Banking

Feature TD Ameritrade Interactive Brokers TradeStation Merrill Edge Chase You Invest Trade
Retail Locations
 284 0 0 4300 5000
Member FDIC
 No Yes No Yes Yes
Checking Accounts
 Yes Yes No Yes Yes
Savings Accounts
 No No No Yes Yes
Credit Cards
 Yes No No Yes Yes
Debit Cards
 Yes Yes No Yes Yes
Mortgage Loans
 No No No Yes Yes
No Fee Banking
 Yes Yes No No No
Banking 3 2 0.5 5 5
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Overall

Feature TD Ameritrade Interactive Brokers TradeStation Merrill Edge Chase You Invest Trade
TD Ameritrade Review Interactive Brokers Review TradeStation Review Merrill Edge Review Chase You Invest Trade Review
Overall 5 4.5 4 4.5 3.5
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All pricing data was obtained from a published web site as of 01/20/2020 and is believed to be accurate, but is not guaranteed. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply.

TD Ameritrade, Inc. and StockBrokers.com are separate, unaffiliated companies and are not responsible for each other’s services and products. View terms.

*INVESTMENT PRODUCTS: NOT A DEPOSIT · NOT FDIC INSURED · NO BANK GUARANTEE · MAY LOSE VALUE

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