Comparing brokers side by side is no easy task. For our 2017 Broker Review
, we factored in 308 different variables to assess 16 different brokers. So when taking a look at Personal Capital vs TD Ameritrade Essential Portfolios, there is a huge database of information available to us.
To start this comparison, first we will take a look at the broker commission rates for placing regular stock and options trades. Personal Capital and TD Ameritrade Essential Portfolios charge the same amount for regular stock trades, $0. With options, the base fee is $0 for both Personal Capital and TD Ameritrade Essential Portfolios. Contracts cost $0 each at both brokerages. Not all brokers charge a flat rate fee per trade though, so it is important to read the full commission notes to know the complete breakdown (go to any online broker review
page, then scroll to the "Commissions Notes" section).
Next to commission rates, being able to trade the instrument you want is important. Personal Capital alongside TD Ameritrade Essential Portfolios both do not offer Stock Trading, Options Trading, Mutual Funds, Forex Trading and Futures Trading. Looking at mutual funds, both Personal Capital and TD Ameritrade Essential Portfolios provide clients with access to total funds. Commission free ETFs also should not be forgotten, which for investors means access to funds at both brokers.
Lastly, taking a look at popular features and functionality, we can go a bit deeper to really break down the difference of both brokers. Neither Personal Capital and TD Ameritrade Essential Portfolios have virtual trading. Taking a look at mobile trading, Personal Capital and TD Ameritrade Essential Portfolios both do not offer the iPhone App, iPad App and Android App. Not to be left out, online banking is also a nice benefit for many investors, and some brokerages provide these services to clients. Neither Personal Capital nor TD Ameritrade Essential Portfolios offers Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans. On the whole, when it comes to tools, research, and trading on the go, Unfortunately, neither Personal Capital nor TD Ameritrade Essential Portfolios received awards for Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading.
Overall, both Personal Capital and TD Ameritrade Essential Portfolios share a rating of 4.50 stars.