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Online Brokerage Comparison Tool

StockBrokers.com | November 5th, 2019

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 Get $100 when you deposit just $5,000 into a new E*TRADE account! Open Account
Promo Offer Commission-Free Trades on Stocks, ETFs & Options Trades Open Account
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Special Offer 300 $0 online stock and ETF trades, no minimum deposit required. Open Account
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Overall Rating

Feature TD Ameritrade Interactive Brokers E*TRADE TradeStation Merrill Edge
Overall 4.5 4 4 3.5 4
TD Ameritrade Review Interactive Brokers Review E*TRADE Review TradeStation Review Merrill Edge Review

Trading Fees

Feature TD Ameritrade Interactive Brokers E*TRADE TradeStation Merrill Edge
Minimum Deposit $0.00 $0.00 $0.00 $500.00 $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 $0.70 $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
Commissions & Fees 4.5 4.5 4.5 4.5 4
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Margin Rates

Feature TD Ameritrade
Open Account
Interactive Brokers
Open Account
E*TRADE
Open Account
TradeStation
Open Account
Merrill Edge
Open Account
Under $24,999.99 10.25% 3.68% 10.50% 9.25% 10.63%
$25,000.00 to $49,999.99 10.00% 3.68% 10.25% 9.25% 9.50%
$50,000.00 to $99,999.99 9.00% 3.68% 9.75% 8.50% 9.50%
$100,000.00 to $249,999.99 8.75% 3.18% 9.25% 8.50% 8.13%
$250,000.00 to $499,999.99 8.50% 3.18% 8.75% 8.50% 8.13%
$500,000.00 to $999,999.99 8.50% 3.18% 8.25% 5.25% 7.88%
Above $1,000,000.00 7.75% 2.68% 7.25% 5.25% 7.25%
Commissions & Fees 4.5 4.5 4.5 4.5 4
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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
Commissions & Fees 4.5 4.5 4.5 4.5 4

Investment Options

Feature TD Ameritrade Interactive Brokers E*TRADE TradeStation Merrill Edge
Stock Trading
Yes Yes Yes Yes Yes
OTCBB / Pink Sheets
Yes Yes Yes Yes Yes
Options Trading
Yes Yes Yes Yes Yes
Complex Options Max Legs
4 4 4 4 2
Futures Trading
Yes Yes Yes Yes No
Forex Trading
Yes No No No No
Commission-Free ETFs 571 48 all all 0
Mutual Funds (No Load)
5185 7558 6266 887 2471
Mutual Funds (Total)
12418 11000 9062 4357 3709
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
Offering of Investments 4.5 5 4.5 4 3
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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
Offering of Investments 4.5 5 4.5 4 3
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Trading Platforms

Feature TD Ameritrade Interactive Brokers E*TRADE TradeStation Merrill Edge
Desktop Platform (Windows)
Yes Yes Yes Yes Yes
Desktop Platform (Mac)
Yes Yes Yes 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
514 453 125 335 285
Two-Factor Authentication Login
Yes Yes Yes Yes Yes
Heat Mapping
Yes Yes No No Yes
Platforms & Tools 5 4.5 4.5 4.5 4
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Charting Features

Feature TD Ameritrade Interactive Brokers E*TRADE TradeStation Merrill Edge
Charting - Trade Off Chart
Yes Yes Yes Yes Yes
Charting - Indicators / Studies
411 121 118 282 95
Charting - Drawing Tools
22 9 33 23 22
Charting - Historical Trades
Yes Yes Yes Yes Yes
Charting - Corporate Events
Yes Yes Yes No Yes
Charting - Automated Analysis
Yes No No 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
Platforms & Tools 5 4.5 4.5 4.5 4
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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 Yes 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 Yes Yes Yes
Short Locator
No Yes No Yes No
Order Liquidity Rebates
No Yes No Yes No
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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
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Mobile App Features

Feature TD Ameritrade Interactive Brokers E*TRADE TradeStation Merrill Edge
Watch List Syncing
Yes Yes Yes Yes Yes
Stock Alerts - Basic Fields
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
Customizable Homescreen
No No Yes No Yes
Heatmapping
No No Yes No Yes
Stream Live TV
Yes Yes Yes No No
Barcode Lookup
Yes No Yes No No
Mobile Trading 4.5 4.5 5 4.5 4.5
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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 No 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 No 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
Research 5 3.5 4.5 1.5 4.5
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Stock Research

Feature TD Ameritrade Interactive Brokers E*TRADE TradeStation Merrill Edge
Stock Research - Reports
7 1 4 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
Research 5 3.5 4.5 1.5 4.5
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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 No Yes No Yes
ETFs - Reports
Yes Yes Yes No Yes
Research 5 3.5 4.5 1.5 4.5
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Mutual Fund Research

Feature TD Ameritrade Interactive Brokers E*TRADE TradeStation Merrill Edge
Mutual Funds - Strategy Overview
Yes No 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 No Yes No Yes
Mutual Funds - Asset Allocation
Yes No Yes No Yes
Mutual Funds - Sector Allocation
Yes No Yes No Yes
Mutual Funds - Country Allocation
No No Yes No Yes
Mutual Funds - StyleMap
Yes No Yes No Yes
Mutual Funds - 3rd Party Ratings
Yes No Yes No Yes
Research 5 3.5 4.5 1.5 4.5
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Options Trading

Feature TD Ameritrade Interactive Brokers E*TRADE TradeStation Merrill Edge
Option Chains - Streaming
Yes Yes Yes Yes Yes
Option Chains - Total Columns
33 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 No
Option Positions - Grouping
Yes Yes Yes Yes Yes
Platforms & Tools 5 4.5 4.5 4.5 4
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Beginners

Feature TD Ameritrade Interactive Brokers E*TRADE TradeStation Merrill Edge
Has Education - Stocks
Yes Yes Yes Yes Yes
Has Education - ETFs
Yes No Yes No Yes
Has Education - Options
Yes Yes Yes Yes Yes
Has Education - Mutual Funds
Yes No Yes No Yes
Has Education - Fixed Income
Yes No Yes No Yes
Has 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 12 30 0
Webinars (Archived)
Yes Yes Yes Yes No
Live Seminars
Yes No Yes Yes Yes
Progress Tracking
Yes Yes No No No
Interactive Learning - Quizzes
Yes Yes Yes No Yes
Investor Magazine
Yes Yes No Yes Yes
Education 5 3 4.5 3 4.5
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Banking

Feature TD Ameritrade Interactive Brokers E*TRADE TradeStation Merrill Edge
Retail Locations
364 0 30 0 4400
Member FDIC
No No Yes No Yes
Checking Accounts
Yes Yes Yes No Yes
Savings Accounts
No No Yes No Yes
Credit Cards
Yes No No No Yes
Debit Cards
Yes Yes Yes No Yes
Mortgage Loans
No No No No Yes
No Fee Banking
Yes No No No No
Banking 3 2 4 0.5 5
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Overall

Feature TD Ameritrade Interactive Brokers E*TRADE TradeStation Merrill Edge
TD Ameritrade Review Interactive Brokers Review E*TRADE Review TradeStation Review Merrill Edge Review
Overall 4.5 4 4 3.5 4
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All pricing data was obtained from a published web site as of 02/18/2019 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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