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Online Brokerage Comparison Tool

StockBrokers.com | November 25th, 2020

Use the StockBrokers.com online brokerage comparison tool to compare over 150 different account features and fees across 14 online brokers: Ally Invest, Charles Schwab, Chase You Invest Trade, E*TRADE, Fidelity, Firstrade, Interactive Brokers, Lightspeed, Merrill Edge, Robinhood, SpeedTrader, TD Ameritrade, TradeStation, and Webull. Compare trading commissions, account fees, trading tools and platforms, market research functionality, mobile apps, beginner education, and current special offers.

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PROMO OFFER $0 Commissions for online stock, ETF, & options trades. Join E*TRADE today!
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Overall Rating

Feature TD Ameritrade Interactive Brokers E*TRADE TradeStation Merrill Edge
Overall 5 4.5 4.5 4 4.5
Commissions & Fees 4.5 5 4.5 4.5 4.5
Offering of Investments 4.5 4.5 4.5 4.5 3.5
Platforms & Tools 5 4.5 4.5 5 4
Mobile Trading 5 4.5 5 4.5 4
Research 5 4 4.5 2 4.5
Education 5 4 4 2.5 4.5
Ease of Use 5 3 4.5 4 5
Banking 3 2 4 0.5 5
TD Ameritrade Review Interactive Brokers Review E*TRADE Review TradeStation Review Merrill Edge Review
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Trading Fees

Feature TD Ameritrade Interactive Brokers E*TRADE TradeStation Merrill Edge
Minimum Deposit $0.00 $0.00 $0.00 $0.00 $0.00
Stock Trade Fee (per trade) $0.00 $0.00 $0.00 $0.00 $0.00
ETF Trade Fee $0.00 $0.01 $0.00 $0.00 $0.00
Options Base Fee $0.00 $0.00 $0.00 $0.00 $0.00
Options Per Contract Fee $0.65 $0.65 $0.65 $0.50 $0.65
Mutual Fund Trade Fee $49.99 $14.95 $19.99 $14.95 $19.95
Broker Assisted Trades Fee $44.99 $30.00 $25.00 $50.00 $29.95

Margin Rates

Feature TD Ameritrade Interactive Brokers E*TRADE TradeStation Merrill Edge
Under $24,999.99 9.50% 1.59% 8.95% 9.50% 8.63%
$25,000.00 to $49,999.99 9.00% 1.59% 8.45% 9.50% 7.50%
$50,000.00 to $99,999.99 8.00% 1.59% 7.95% 8.75% 7.50%
$100,000.00 to $249,999.99 7.75% 1.29% 7.45% 8.75% N/A
$250,000.00 to $499,999.99 7.50% 1.19% 6.95% 8.75% N/A
$500,000.00 to $999,999.99 N/A 1.14% 6.45% 5.50% N/A
Above $1,000,000.00 N/A 0.75% 5.45% 5.50% N/A

Account Fees

Feature TD Ameritrade Interactive Brokers E*TRADE TradeStation Merrill Edge
IRA Annual Fee $0.00 $0.00 $0.00 $35.00 $0.00
IRA Closure Fee $0.00 $0.00 $60.00 $50.00 $49.95
Returned ACH Fee $25.00 N/A $0.00 $25.00 $30.00
Returned Wire Fee $25.00 N/A $0.00 $25.00 N/A
Stock Certificate Processing Fee $0.00 N/A $0.00 $150.00 $500.00
Stock Certificate Delivery Fee $500.00 N/A $75.00 $15.00 N/A
Paper Statement Fee $0.00 N/A $2.00 $1.00 $5.00
Paper Confirmation Fee $0.00 N/A $0.00 $1.00 $3.00
Domestic Wire Fee $25.00 $10.00 $25.00 $25.00 $24.95
International Wire Fee $25.00 $10.00 $25.00 $35.00 $24.95

Investment Options

Feature TD Ameritrade Interactive Brokers E*TRADE TradeStation Merrill Edge
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 4 2
Futures Trading
Yes Yes Yes Yes No
Forex Trading
Yes No No No No
Crypto Trading No No No Yes No
Mutual Funds (No Load)
8097 8734 6584 887 3147
Mutual Funds (Total)
12330 11080 9087 4357 3469
Bonds (US Treasury)
Yes Yes Yes Yes Yes
Bonds (Corporate)
Yes Yes Yes Yes Yes
Bonds (Municipal)
Yes Yes Yes Yes Yes
Advisor Services
Yes No Yes No Yes
International Trading
Yes Yes No No No

Order Types

Feature TD Ameritrade Interactive Brokers E*TRADE TradeStation Merrill Edge
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 Yes
Order Type - Contingent
Yes Yes Yes Yes No
Order Type - MultiContingent
Yes Yes No Yes No
Order Type - OCO
Yes Yes Yes Yes No
Order Type - OTO
Yes Yes Yes Yes No
Order Type - OTOCO
Yes Yes Yes Yes No

Trading Platforms

Feature TD Ameritrade Interactive Brokers E*TRADE TradeStation Merrill Edge
Desktop Platform (Windows)
Yes Yes No Yes Yes
Desktop Platform (Mac)
Yes Yes No No Yes
Web Platform
Yes Yes Yes Yes Yes
Paper Trading
Yes Yes Yes Yes No
Trade Journal
Yes Yes No No No
Watch Lists - Total Fields
514 494 95 335 285
Heat Mapping
Yes Yes No No Yes
AI Assistant Bot
Yes Yes No No No

Charting Features

Feature TD Ameritrade Interactive Brokers E*TRADE TradeStation Merrill Edge
Charting - Trade Off Chart
Yes Yes Yes Yes Yes
Charting - Indicators / Studies
489 121 119 290 104
Charting - Drawing Tools
22 9 31 23 22
Charting - Historical Trades
Yes Yes Yes Yes Yes
Charting - Corporate Events
Yes Yes Yes No Yes
Charting - Automated Analysis
Yes No Yes No Yes
Charting - Save Profiles
Yes Yes Yes Yes Yes
Charting - Study Customizations
9 6 6 12 8
Charting - Custom Studies
Yes No No Yes No

Day Trading

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

Mobile Trading Apps

Feature TD Ameritrade Interactive Brokers E*TRADE TradeStation Merrill Edge
iPhone App
Yes Yes Yes Yes Yes
Android App
Yes Yes Yes Yes Yes
Apple Watch App
Yes Yes Yes No Yes
Trading - Stocks
Yes Yes Yes Yes Yes
Trading - After-Hours
Yes Yes Yes Yes Yes
Trading - Conditional Orders
Yes Yes Yes Yes No
Trading - Mutual Funds
No Yes Yes No Yes
Trading - Simple Options
Yes Yes Yes Yes Yes
Trading - Complex Options
Yes Yes Yes Yes Yes
Trading - Option Rolling
Yes No No No No
Touch / Face ID
Yes Yes Yes Yes Yes

Mobile App Features

Feature TD Ameritrade Interactive Brokers E*TRADE TradeStation Merrill Edge
Watch List Syncing
Yes Yes Yes Yes Yes
Stock Alerts
Yes Yes Yes Yes Yes
Charting - After Hours
Yes Yes Yes Yes Yes
Charting - Drawing
Yes No No Yes Yes
Charting - Study Customizations
Yes Yes Yes Yes Yes
Heatmapping
No No No No Yes
Stream Live TV
Yes Yes Yes No No
Barcode Lookup
Yes No Yes No No

Research Overview

Feature TD Ameritrade Interactive Brokers E*TRADE TradeStation Merrill Edge
Research - Stocks
Yes Yes Yes Yes Yes
Research - ETFs
Yes Yes Yes Yes Yes
Research - Mutual Funds
Yes Yes Yes No Yes
Research - Pink Sheets / OTCBB
Yes Yes Yes Yes Yes
Research - Fixed Income
Yes Yes Yes No Yes
Screener - Stocks
Yes Yes Yes Yes Yes
Screener - ETFs
Yes Yes Yes No Yes
Screener - Mutual Funds
Yes Yes Yes No Yes
Screener - Options
Yes Yes Yes Yes Yes
Screener - Bonds
Yes Yes Yes No Yes
Misc - Portfolio Builder
Yes Yes Yes No Yes
Misc - Portfolio Allocation
Yes Yes Yes No Yes

Stock Research

Feature TD Ameritrade Interactive Brokers E*TRADE TradeStation Merrill Edge
Stock Research - Reports
7 3 5 0 3
Stock Research - Earnings
Yes Yes Yes No Yes
Stock Research - Insiders
Yes Yes Yes No Yes
Stock Research - Metric Comp
Yes Yes No No Yes
Stock Research - SEC Filings
Yes Yes Yes No Yes
Stock Research - Social
Yes Yes Yes No No
Stock Research - Balance Sheet
Yes Yes Yes No Yes
Stock Research - Cash Flows
Yes Yes Yes No Yes
Stock Research - News
Yes Yes Yes Yes Yes
Stock Research - ESG
No Yes No No Yes

ETF Research

Feature TD Ameritrade Interactive Brokers E*TRADE TradeStation Merrill Edge
ETFs - Strategy Overview
Yes Yes Yes No Yes
ETFs - Top 10 Holdings
Yes Yes Yes No Yes
ETFs - Sector Exposure
Yes Yes Yes No Yes
ETFs - Risk Analysis
Yes Yes Yes No Yes
ETFs - Performance Analysis
Yes Yes Yes No Yes
ETFs - Ratings
Yes Yes Yes No Yes
ETFs - Morningstar StyleMap
Yes Yes Yes No Yes
ETFs - Reports
Yes Yes Yes No Yes

Mutual Fund Research

Feature TD Ameritrade Interactive Brokers E*TRADE TradeStation Merrill Edge
Mutual Funds - Strategy Overview
Yes Yes Yes No Yes
Mutual Funds - Prospectus
Yes Yes Yes No Yes
Mutual Funds - Reports
Yes Yes Yes No Yes
Mutual Funds - Fees Breakdown
Yes Yes Yes No Yes
Mutual Funds - Top 10 Holdings
Yes Yes Yes No Yes
Mutual Funds - Asset Allocation
Yes Yes Yes No Yes
Mutual Funds - Sector Allocation
Yes Yes Yes No Yes
Mutual Funds - Country Allocation
No Yes Yes No Yes
Mutual Funds - StyleMap
Yes Yes Yes No Yes
Mutual Funds - 3rd Party Ratings
Yes Yes Yes No Yes

Options Trading

Feature TD Ameritrade Interactive Brokers E*TRADE TradeStation Merrill Edge
Option Chains - Streaming
Yes Yes Yes Yes Yes
Option Chains - Total Columns
35 37 30 32 69
Option Chains - Greeks
5 4 5 5 5
Option Chains - Quick Analysis
Yes Yes Yes Yes Yes
Option Analysis - P&L Charts
Yes Yes Yes Yes Yes
Option Probability Analysis
Yes Yes Yes Yes Yes
Option Probability Analysis Adv
Yes Yes Yes Yes No
Option Positions - Greeks
Yes Yes Yes Yes Yes
Option Positions - Adv Analysis
Yes Yes Yes Yes Yes
Option Positions - Rolling
Yes Yes Yes Yes Yes
Option Positions - Grouping
Yes Yes Yes Yes Yes

Beginners

Feature TD Ameritrade Interactive Brokers E*TRADE TradeStation Merrill Edge
Education (Stocks)
Yes Yes Yes Yes Yes
Education (ETFs)
Yes Yes Yes No Yes
Education (Options)
Yes Yes Yes Yes Yes
Education (Mutual Funds)
Yes No Yes No Yes
Education (Fixed Income)
Yes Yes Yes No Yes
Education (Retirement)
Yes No Yes No Yes
Paper Trading
Yes Yes Yes Yes No
Videos
Yes Yes Yes Yes Yes
Webinars (Monthly Avg)
500 20 25 10 1
Webinars (Archived)
Yes Yes Yes No No
Live Seminars
Yes No Yes Yes Yes
Progress Tracking
Yes Yes No No Yes
Interactive Learning - Quizzes
Yes Yes Yes No Yes

Banking

Feature TD Ameritrade Interactive Brokers E*TRADE TradeStation Merrill Edge
Retail Locations
261 0 30 0 4300
Member FDIC
No Yes Yes No Yes
Checking Accounts
Yes Yes Yes No Yes
Savings Accounts
No No Yes No Yes
Credit Cards
Yes No Yes No Yes
Debit Cards
Yes Yes Yes No Yes
Mortgage Loans
No No Yes No Yes
No Fee Banking
Yes Yes No No No

Overall

Feature TD Ameritrade Interactive Brokers E*TRADE TradeStation Merrill Edge
Overall 5 4.5 4.5 4 4.5
Commissions & Fees 4.5 5 4.5 4.5 4.5
Offering of Investments 4.5 4.5 4.5 4.5 3.5
Platforms & Tools 5 4.5 4.5 5 4
Mobile Trading 5 4.5 5 4.5 4
Research 5 4 4.5 2 4.5
Education 5 4 4 2.5 4.5
Ease of Use 5 3 4.5 4 5
Banking 3 2 4 0.5 5
TD Ameritrade Review Interactive Brokers Review E*TRADE Review TradeStation Review Merrill Edge Review
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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.

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