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Online Brokerage Comparison Tool

StockBrokers.com | May 21st, 2022

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. Please note: to best support your experience, providers are displayed based on your geo location.


SPECIAL OFFER No commissions to trade online U.S. stocks, ETFs, and options.1
LIMITED TIME OFFER Open and fund an E*TRADE account & get up to $600 or more Advertisement
SPECIAL OFFER $0 online stock, ETF, and options commissions at Schwab. Advertisement
EXCLUSIVE OFFER New clients that open an account today receive a special margin rate.
PROMO OFFER Trade Stocks, Options, Futures, & Crypto. Advertisement
SPECIAL OFFER Get up to $600 when you invest in a new Merrill Edge Self-Directed account. Advertisement
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Overall Rating

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

Feature Fidelity TD Ameritrade E*TRADE Charles Schwab Interactive Brokers TradeStation Merrill Edge
Minimum Deposit $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Stock Trades $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
ETF Trade Fee $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Mutual Fund Trade Fee $49.95 $74.95 $19.99 $49.95 $14.95 $14.95 $19.95
Options (Base Fee) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Options (Per Contract) $0.65 $0.65 $0.65 $0.65 $0.65 $0.60 $0.65
Futures (Per Contract) N/A $2.25 $1.50 $2.25 $0.85 $1.50 N/A
Broker Assisted Trade Fee $32.95 $25.00 $25.00 $25.00 $30.00 $0.00 $29.95

Margin Rates

Feature Fidelity TD Ameritrade E*TRADE Charles Schwab Interactive Brokers TradeStation Merrill Edge
Under $24,999.99 8.33% 9.50% 8.95% 8.33% 1.58% 9.50% 8.63%
$25,000.00 to $49,999.99 7.83% 9.00% 8.45% 7.83% 1.58% 9.50% 7.50%
$50,000.00 to $99,999.99 6.88% 8.00% 7.95% 6.88% 1.58% 8.75% 7.50%
$100,000.00 to $249,999.99 6.83% 7.75% 7.45% 6.83% 1.08% 8.75% N/A
$250,000.00 to $499,999.99 6.58% 7.50% 6.95% 6.58% 1.08% 8.75% N/A
$500,000.00 to $999,999.99 4.25% N/A 6.45% 5.08% 1.08% 5.50% N/A
Above $1,000,000.00 4.00% N/A 5.45% 4.75% 0.75% 5.50% N/A

Account Fees

Feature Fidelity TD Ameritrade E*TRADE Charles Schwab Interactive Brokers TradeStation Merrill Edge
IRA Annual Fee $0.00 $0.00 $0.00 $0.00 $0.00 $35.00 $0.00
IRA Closure Fee $0.00 $0.00 $0.00 $0.00 $0.00 $50.00 $49.95
Account Transfer Out (Partial)
$0.00 $0.00 $25.00 $25.00 $0.00 $125.00 $0.00
Account Transfer Out (Full)
$0.00 $75.00 $75.00 $50.00 $0.00 $125.00 $49.95

Investment Options

Feature Fidelity TD Ameritrade E*TRADE Charles Schwab Interactive Brokers TradeStation Merrill Edge
Stock Trading
Yes Yes Yes Yes Yes Yes Yes
Fractional Shares
Yes No No Yes Yes No No
OTCBB / Pink Sheets
Yes Yes Yes Yes Yes Yes Yes
Options Trading
Yes Yes Yes Yes Yes Yes Yes
Complex Options Max Legs
4 4 4 4 6 4 4
Futures Trading
No Yes Yes Yes Yes Yes No
Forex Trading
No Yes No No No No No
Crypto Trading
No No No No Yes Yes No
Crypto Trading - Total Coins
0 0 0 0 4 4 0
Mutual Funds (No Load)
5768 4606 6486 7537 10882 887 2952
Mutual Funds (Total)
9615 8878 7242 10228 11160 4357 3466
Bonds (US Treasury)
Yes Yes Yes Yes Yes Yes Yes
Bonds (Corporate)
Yes Yes Yes Yes Yes Yes Yes
Bonds (Municipal)
Yes Yes Yes Yes Yes Yes Yes
Advisor Services
Yes Yes Yes Yes No No Yes
International Trading
Yes Yes No Yes Yes No No

Order Types

Feature Fidelity TD Ameritrade E*TRADE Charles Schwab Interactive Brokers TradeStation Merrill Edge
Order Type - Market
Yes Yes Yes Yes Yes Yes Yes
Order Type - Limit
Yes Yes Yes Yes Yes Yes Yes
Order Type - After-Hours
Yes Yes Yes Yes Yes Yes Yes
Order Type - Stop
Yes Yes Yes Yes Yes Yes Yes
Order Type - Trailing Stop
Yes Yes Yes Yes Yes Yes Yes
Order Type - OCO
Yes Yes Yes Yes Yes Yes No
Order Type - OTO
Yes Yes Yes Yes Yes Yes No
Order Type - Broker Assisted
Yes Yes Yes Yes Yes Yes Yes

Beginners

Feature Fidelity TD Ameritrade E*TRADE Charles Schwab Interactive Brokers TradeStation Merrill Edge
Education (Stocks)
Yes Yes Yes Yes Yes Yes Yes
Education (ETFs)
Yes Yes Yes Yes Yes No Yes
Education (Options)
Yes Yes Yes Yes Yes Yes Yes
Education (Mutual Funds)
Yes Yes Yes Yes No No Yes
Education (Bonds)
Yes Yes Yes Yes Yes No Yes
Education (Retirement)
Yes Yes Yes Yes Yes No Yes
Retirement Calculator
Yes Yes Yes Yes No No Yes
Investor Dictionary
Yes Yes Yes Yes Yes No Yes
Paper Trading
No Yes Yes No Yes Yes No
Videos
Yes Yes Yes Yes Yes Yes Yes
Webinars (Monthly Avg)
115 500 30 100 20 10 1
Webinars (Archived)
Yes Yes Yes Yes Yes No Yes
Progress Tracking
Yes Yes No No Yes No No
Interactive Learning - Quizzes
Yes Yes Yes No Yes No Yes

Stock Trading Apps

Feature Fidelity TD Ameritrade E*TRADE Charles Schwab Interactive Brokers TradeStation Merrill Edge
iPhone App
Yes Yes Yes Yes Yes Yes Yes
Android App
Yes Yes Yes Yes Yes Yes Yes
Apple Watch App
Yes Yes Yes Yes Yes No Yes
Trading - Stocks
Yes Yes Yes Yes Yes Yes Yes
Trading - After-Hours
Yes Yes Yes Yes Yes Yes Yes
Trading - Simple Options
Yes Yes Yes Yes Yes Yes Yes
Trading - Complex Options
Yes Yes Yes Yes Yes Yes Yes
Order Ticket RT Quotes
Yes Yes Yes Yes Yes Yes Yes
Order Ticket SRT Quotes
Yes Yes Yes No Yes Yes No

Stock App Features

Feature Fidelity TD Ameritrade E*TRADE Charles Schwab Interactive Brokers TradeStation Merrill Edge
Market Movers (Top Gainers)
Yes Yes Yes Yes Yes Yes Yes
Stream Live TV
Yes Yes Yes Yes Yes No No
Videos on Demand
Yes Yes No Yes Yes No No
Stock Alerts
Yes Yes Yes No Yes Yes Yes
Option Chains Viewable
Yes Yes Yes Yes Yes Yes Yes
Watch List (Real-time)
Yes Yes Yes Yes Yes Yes Yes
Watch List (Streaming)
Yes Yes Yes No Yes Yes Yes
Watch Lists - Create & Manage
Yes Yes Yes Yes Yes Yes Yes
Watch Lists - Column Customization
Yes Yes Yes No Yes Yes No
Watch List - Column Filtering
Yes Yes Yes No Yes Yes Yes

Stock App Charting

Feature Fidelity TD Ameritrade E*TRADE Charles Schwab Interactive Brokers TradeStation Merrill Edge
Charting - After-Hours
Yes Yes Yes No Yes Yes No
Charting - Can Turn Horizontally
Yes Yes Yes Yes Yes Yes Yes
Charting - Multiple Time Frames
Yes Yes Yes Yes Yes Yes Yes
Charting - Technical Studies
7 406 10 32 70 45 34
Charting - Study Customizations
Yes Yes Yes Yes Yes Yes Yes
Charting - Stock Comparisons
Yes Yes Yes Yes No No Yes

Trading Platforms

Feature Fidelity TD Ameritrade E*TRADE Charles Schwab Interactive Brokers TradeStation Merrill Edge
Desktop Trading Platform
Yes Yes No Yes Yes Yes Yes
Web Trading Platform
Yes Yes Yes Yes Yes Yes Yes
Paper Trading
No Yes Yes No Yes Yes No
Trade Journal
Yes Yes No Yes Yes No No
Watch Lists - Total Fields
91 514 95 130 669 335 285

Stock Chart Features

Feature Fidelity TD Ameritrade E*TRADE Charles Schwab Interactive Brokers TradeStation Merrill Edge
Charting - Adjust Trades on Chart
Yes Yes Yes Yes Yes Yes Yes
Charting - Indicators / Studies
129 489 119 41 121 290 104
Charting - Drawing Tools
22 23 31 15 9 23 22
Charting - Notes
Yes Yes Yes Yes Yes Yes Yes
Charting - Index Overlays
Yes Yes Yes Yes Yes Yes Yes
Charting - Historical Trades
Yes Yes Yes No Yes Yes Yes
Charting - Corporate Events
Yes Yes Yes Yes Yes No Yes
Charting - Custom Date Range
Yes Yes Yes Yes No Yes Yes
Charting - Custom Time Bars
Yes Yes No Yes Yes Yes Yes
Charting - Automated Analysis
Yes Yes Yes Yes Yes No Yes
Charting - Save Profiles
Yes Yes Yes Yes Yes Yes Yes
Trade Ideas - Technical Analysis
Yes Yes Yes Yes Yes Yes Yes
Charting - Study Customizations
5 9 6 7 6 12 8
Charting - Custom Studies
No Yes No No No Yes No

Day Trading

Feature Fidelity TD Ameritrade E*TRADE Charles Schwab Interactive Brokers TradeStation Merrill Edge
Streaming Time & Sales
No Yes Yes Yes Yes Yes Yes
Streaming TV
Yes Yes Yes Yes Yes No No
Direct Market Routing - Stocks
Yes Yes Yes Yes Yes Yes No
Ladder Trading
No Yes No No Yes Yes No
Trade Hot Keys
Yes Yes Yes Yes Yes Yes No
Level 2 Quotes - Stocks
Yes Yes Yes Yes Yes Yes Yes
Trade Ideas - Backtesting
Yes Yes No Yes Yes Yes Yes
Trade Ideas - Backtesting Adv
No Yes No No Yes Yes No
Short Locator
Yes No No Yes Yes Yes No
Order Liquidity Rebates
No No No No Yes Yes No

Research Overview

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

Stock Research

Feature Fidelity TD Ameritrade E*TRADE Charles Schwab Interactive Brokers TradeStation Merrill Edge
Stock Research - PDF Reports
11 7 6 8 5 0 3
Stock Research - Earnings
Yes Yes Yes Yes Yes No Yes
Stock Research - Insiders
Yes Yes Yes Yes Yes No Yes
Stock Research - SEC Filings
Yes Yes Yes Yes Yes No Yes
Stock Research - Social
Yes Yes Yes Yes Yes No No
Stock Research - Balance Sheet
Yes Yes Yes Yes Yes No Yes
Stock Research - Cash Flows
Yes Yes Yes Yes Yes No Yes
Stock Research - News
Yes Yes Yes Yes Yes Yes Yes
Stock Research - ESG
Yes No No No Yes No Yes

ETF Research

Feature Fidelity TD Ameritrade E*TRADE Charles Schwab Interactive Brokers TradeStation Merrill Edge
ETFs - Strategy Overview
Yes Yes Yes Yes Yes No Yes
ETF Fund Facts - Inception Date
Yes Yes Yes Yes Yes No Yes
ETF Fund Facts - Expense Ratio
Yes Yes Yes Yes Yes No Yes
ETF Fund Facts - Net Assets
Yes Yes Yes Yes Yes No Yes
ETF Fund Facts - Total Holdings
Yes No Yes Yes Yes No Yes
ETFs - Top 10 Holdings
Yes Yes Yes Yes Yes No Yes
ETFs - Performance Analysis
Yes Yes Yes Yes Yes No Yes
ETFs - Sector Exposure
Yes Yes Yes Yes Yes No Yes
ETFs - Risk Analysis
Yes Yes Yes Yes Yes No Yes
ETFs - Ratings
Yes Yes Yes Yes Yes No Yes
ETFs - Morningstar StyleMap
Yes Yes Yes Yes Yes No Yes
ETFs - PDF Reports
Yes Yes Yes Yes Yes No Yes

Mutual Fund Research

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

Options Trading

Feature Fidelity TD Ameritrade E*TRADE Charles Schwab Interactive Brokers TradeStation Merrill Edge
Option Chains - Basic View
Yes Yes Yes Yes Yes Yes Yes
Option Chains - Strategy View
Yes Yes Yes Yes Yes Yes Yes
Option Chains - Streaming
Yes Yes Yes Yes Yes Yes Yes
Option Chains - Total Columns
26 35 31 44 37 32 68
Option Chains - Greeks
5 5 5 5 4 5 5
Option Positions - Greeks Streaming
Yes Yes Yes Yes Yes Yes Yes
Option Chains - Quick Analysis
Yes Yes Yes Yes Yes Yes Yes
Option Analysis - P&L Charts
Yes Yes Yes Yes Yes Yes Yes
Option Probability Analysis
Yes Yes Yes Yes Yes Yes Yes
Option Probability Analysis Adv
Yes Yes Yes Yes Yes Yes No
Option Positions - Greeks
Yes Yes Yes Yes Yes Yes Yes
Option Positions - Adv Analysis
Yes Yes Yes Yes Yes Yes Yes
Option Positions - Rolling
Yes Yes Yes Yes Yes Yes Yes
Option Positions - Grouping
Yes Yes Yes Yes Yes Yes Yes

Banking

Feature Fidelity TD Ameritrade E*TRADE Charles Schwab Interactive Brokers TradeStation Merrill Edge
Bank (Member FDIC)
No No Yes Yes Yes No Yes
Checking Accounts
Yes Yes Yes Yes Yes No Yes
Savings Accounts
Yes No Yes Yes No No Yes
Credit Cards
Yes Yes Yes Yes No No Yes
Debit Cards
Yes Yes Yes Yes Yes No Yes
Mortgage Loans
No No Yes Yes No No Yes

Customer Service

Feature Fidelity TD Ameritrade E*TRADE Charles Schwab Interactive Brokers TradeStation Merrill Edge
Phone Support (Prospect Customers)
Yes Yes Yes Yes Yes No Yes
Phone Support (Current Customers)
Yes Yes Yes Yes Yes No Yes
Email Support
Yes Yes Yes Yes Yes Yes Yes
Live Chat (Prospect Customers)
Yes Yes Yes No No No Yes
Live Chat (Current Customers)
Yes Yes Yes Yes Yes Yes Yes
24/7 Support
Yes Yes Yes Yes No No Yes

Overall

Feature Fidelity TD Ameritrade E*TRADE Charles Schwab Interactive Brokers TradeStation Merrill Edge
Overall 5 5 5 4.5 4.5 4 4.5
Commissions & Fees 5 4.5 4.5 4.5 4.5 4.5 4.5
Offering of Investments 4.5 5 5 5 5 4.5 4
Platforms & Tools 4.5 5 4.5 4.5 4.5 4.5 4
Mobile Trading Apps 5 5 5 4 4.5 4.5 4
Research 5 5 4.5 5 5 2 4.5
Education 5 5 4.5 4 4.5 3.5 4.5
Ease of Use 4.5 5 5 4.5 4 4.5 4
Fidelity Review TD Ameritrade Review E*TRADE Review Charles Schwab Review Interactive Brokers Review TradeStation Review Merrill Edge Review
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All pricing data was obtained from a published web site as of 01/10/2022 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.

1 Fidelity Sell orders are subject to an activity assessment fee from $0.01 to $0.03 per $1,000 of principal. Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, please read Characteristics and Risks of Standardized Options. Supporting documentation for any claims, if applicable, will be furnished upon request.

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

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