Using data from the StockBrokers.com 2017 Broker Rankings
, we can compare Betterment vs TD Ameritrade Essential Portfolios to determine which broker is better for you. Our database includes thousands of data points on everything from research to trading tools. Let's take a closer look at Betterment and TD Ameritrade Essential Portfolios.
First we will break down the commission charges of both brokers for placing stock and options trades. Betterment and TD Ameritrade Essential Portfolios charge the same amount for regular stock trades, $0. Looking at options, the base fees charged are the same for both brokers, $0. Contracts at both of the brokerages are the same at $0 each. Note that flat rate trading is not available everywhere though, so it is important to read the complete commission notes for each broker to know the full breakdown (go to any stock broker review
page, then scroll down to the "Commission Notes" section).
Trading fees aside, having access to trade what you want is also an important consideration. Neither Betterment nor TD Ameritrade Essential Portfolios support Stock Trading, Options Trading, Mutual Funds, Forex Trading and Futures Trading. As far as mutual funds go, both brokers offer clients access to the same number, . And, commission free ETFs deserve a mention, which for investors means access to funds at both brokers.
Finally, by looking at the most popular features and offerings of each broker, we can really see the differences between the two. Betterment nor TD Ameritrade Essential Portfolios has virtual trading. For mobile trading, Betterment and TD Ameritrade Essential Portfolios sadly do not provide clients with an iPhone App, iPad App and Android App. Online banking is also used by many clients, and multiple brokerages provide these services. Banking is not popular with Betterment and TD Ameritrade Essential Portfolios as Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are all unavailable. All things considered, when it comes to platform tools, research, and trading via smartphone, Both Betterment and TD Ameritrade Essential Portfolios found themselves without awards for Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading in 2014.
Overall, both Betterment and TD Ameritrade Essential Portfolios are rated 4.50 stars.