Using data from our latest annual broker review which tested more than a dozen different online brokers over six months, we can compare Chase You Invest Trade vs TD Ameritrade to determine which broker is best. Let's dive in.
First, we will break down the commission charges of both brokers for placing stock and options trades. Chase You Invest Trade charges more than TD Ameritrade for placing regular stock trades ($2.95 and $0, respectively). For options trading, Chase You Invest Trade has a base fee of $2.95, and TD Ameritrade a base fee of $0. TD Ameritrade's per contract rate of $0.65 is less than Chase You Invest Trade which charges $0.75. Instead of flat rate fees, several brokers charge a per-share fee instead. For a complete review of trading charges, read our full online broker reviews.
Next, investors want to make sure they can trade the investment vehicle they want. TD Ameritrade provides its clients with Stock Trading, Options Trading, Mutual Funds, Forex Trading and Futures Trading while Chase You Invest Trade provides clients access to Stock Trading, Options Trading and Mutual Funds. As far as mutual funds go, Chase You Invest Trade trails TD Ameritrade by 9,718 total mutual funds, with TD Ameritrade offering 12418 and Chase You Invest Trade offering 2700.
Finally, by comparing the each broker's website and platform features, we can surface interesting differences. TD Ameritrade has virtual trading, Chase You Invest Trade doesn't. For mobile trading, Chase You Invest Trade supports the iPhone App and Android App while TD Ameritrade supports the iPhone App, iPad App and Android App. Online banking is also used by many customers, and multiple full-service brokerages provide these services. Clients can have Checking Accounts, Debit Cards and Credit Cards at TD Ameritrade while customers at Chase You Invest Trade can have Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans.
Overall, between Chase You Invest Trade and TD Ameritrade, TD Ameritrade is the winner.
Chase You Invest Trade Review
TD Ameritrade Review