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TD Ameritrade vs ChoiceTrade 2019

Blain Reinkensmeyer

The StockBrokers.com annual review (9 years running) takes six months to complete and produces over 30,000 words of research each year. Here's how we test.

Is TD Ameritrade better than ChoiceTrade? After scoring brokers in nine separate categories for our 2019 review, TD Ameritrade (86.98%) is better than ChoiceTrade (45.72%). The extra cost of trading with TD Ameritrade is worth every cent – the brokerage delivers fantastic platforms, research, mobile apps, education, and customer service. This outstanding all-round experience makes TD Ameritrade our No. 1 overall broker in 2019.

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Overall Rating

Feature TD Ameritrade ChoiceTrade
Overall 4.5 2.5
TD Ameritrade Review ChoiceTrade Review

Trading Fees

Feature TD Ameritrade ChoiceTrade
Minimum Deposit $0.00 $0.00
Stock Trade Fee (per trade) $6.95 $0.00
ETF Trade Fee $6.95 $0.00
Options Base Fee $6.95 $5.00
Options Per Contract Fee $0.75 $0.15
Mutual Fund Trade Fee $49.99 N/A
Broker Assisted Trades Fee $44.99 $30.00
Commissions & Fees 3.5 3.5
Winner check_circle

Margin Rates

Feature TD Ameritrade ChoiceTrade
Under $24,999.99 10.25% 8.25%
$25,000.00 to $49,999.99 10.00% 8.25%
$50,000.00 to $99,999.99 9.00% 8.25%
$100,000.00 to $249,999.99 8.75% 8.25%
$250,000.00 to $499,999.99 8.50% 8.25%
$500,000.00 to $999,999.99 8.50% 8.25%
Above $1,000,000.00 7.75% 8.25%
Commissions & Fees 3.5 3.5
Winner check_circle

Account Fees

Feature TD Ameritrade ChoiceTrade
IRA Annual Fee 0 50
IRA Closure Fee 0 50
Returned ACH Fee 25 40
Returned Wire Fee 25 40
Stock Certificate Processing Fee 0 N/A
Stock Certificate Delivery Fee 500 N/A
Paper Statement Fee 0 5
Paper Confirmation Fee 0 1
Domestic Wire Fee 25 35
International Wire Fee 25 60
Commissions & Fees 3.5 3.5

Investment Options

Feature TD Ameritrade ChoiceTrade
Stock Trading
Yes Yes
OTCBB / Pink Sheets
Yes Yes
Options Trading
Yes Yes
Complex Options Max Legs
4 4
Futures Trading
Yes No
Forex Trading
Yes No
Commission-Free ETFs 571 0
Mutual Funds (No Load)
5185 0
Mutual Funds (Total)
12418 0
Bonds (US Treasury)
Yes No
Bonds (Corporate)
Yes No
Bonds (Municipal)
Yes No
Advisor Services
Yes No
International Trading
Yes No
Offering of Investments 4.5 2
Winner check_circle

Order Types

Feature TD Ameritrade ChoiceTrade
Order Type - Market
Yes Yes
Order Type - Limit
Yes Yes
Order Type - Stop
Yes Yes
Order Type - Trailing Stop
Yes Yes
Order Type - Contingent
Yes Yes
Order Type - MultiContingent
Yes Yes
Order Type - OCO
Yes No
Order Type - OTO
Yes No
Order Type - OTOCO
Yes No
Offering of Investments 4.5 2
Winner check_circle

Trading Platforms

Feature TD Ameritrade ChoiceTrade
Desktop Platform (Windows)
Yes Yes
Desktop Platform (Mac)
Yes Yes
Web Platform
Yes Yes
Paper Trading
Yes Yes
Trade Journal
Yes No
Watch Lists - Total Fields
514 4
Two-Factor Authentication Login
Yes No
Heat Mapping
Yes No
Platforms & Tools 5 2
Winner check_circle

Charting Features

Feature TD Ameritrade ChoiceTrade
Charting - Trade Off Chart
Yes No
Charting - Indicators / Studies
411 20
Charting - Drawing Tools
22 0
Charting - Historical Trades
Yes No
Charting - Corporate Events
Yes No
Charting - Automated Analysis
Yes Yes
Charting - Save Profiles
Yes No
Charting - Study Customizations
9 1
Charting - Custom Studies
Yes No
Platforms & Tools 5 2
Winner check_circle

Day Trading

Feature TD Ameritrade ChoiceTrade
Stock Alerts - Basic Fields
Yes No
Stock Alerts - Advanced Fields
Yes No
Streaming Time & Sales
Yes Yes
Streaming TV
Yes No
Direct Market Routing - Stocks
Yes No
Direct Market Routing - Options
Yes No
Ladder Trading
Yes No
Trade Hot Keys
Yes No
Level 2 Quotes - Stocks
Yes Yes
Level 2 Quotes - Options
Yes No
Trade Ideas - Backtesting
Yes No
Short Locator
No No
Client Liquidity Rebates
No No
Winner check_circle

Mobile Trading Apps

Feature TD Ameritrade ChoiceTrade
iPhone App
Yes Yes
Android App
Yes Yes
Apple Watch App
Yes No
Trading - Stocks
Yes Yes
Trading - After-Hours
Yes Yes
Trading - Conditional Orders
Yes No
Trading - Mutual Funds
No No
Trading - Simple Options
Yes Yes
Trading - Complex Options
Yes No
Trading - Option Rolling
Yes No
Touch / Face ID
Yes No
Winner check_circle

Mobile App Features

Feature TD Ameritrade ChoiceTrade
Watch List Syncing
Yes Yes
Stock Alerts - Basic Fields
Yes No
Stock Alerts - Advanced Fields
No No
Charting - After Hours
Yes Yes
Charting - Drawing
Yes No
Charting - Study Customizations
Yes No
Customizable Homescreen
No No
Heatmapping
No No
Stream Live TV
Yes No
Barcode Lookup
Yes No
Mobile Trading 4.5 2
Winner check_circle

Research Overview

Feature TD Ameritrade ChoiceTrade
Research - Stocks
Yes Yes
Research - ETFs
Yes Yes
Research - Mutual Funds
Yes No
Research - Pink Sheets / OTCBB
Yes Yes
Research - Fixed Income
Yes Yes
Research - Futures
Yes No
Research - Forex
Yes No
Screener - Stocks
Yes No
Screener - ETFs
Yes No
Screener - Mutual Funds
Yes No
Screener - Options
Yes No
Screener - Bonds
Yes No
Misc - Portfolio Builder
Yes No
Misc - Portfolio Allocation
Yes No
Research 5 1.5
Winner check_circle

Stock Research

Feature TD Ameritrade ChoiceTrade
Stock Research - Reports
7 0
Stock Research - Earnings
Yes Yes
Stock Research - Insiders
Yes Yes
Stock Research - Metric Comp
Yes No
Stock Research - SEC Filings
Yes Yes
Stock Research - Social
Yes No
Stock Research - Balance Sheet
Yes Yes
Stock Research - Cash Flows
Yes Yes
Stock Research - News
Yes Yes
Stock Research - ESG
No No
Research 5 1.5
Winner check_circle

ETF Research

Feature TD Ameritrade ChoiceTrade
ETFs - Strategy Overview
Yes Yes
ETFs - Top 10 Holdings
Yes No
ETFs - Sector Exposure
Yes No
ETFs - Risk Analysis
Yes No
ETFs - Performance Analysis
Yes No
ETFs - Ratings
Yes No
ETFs - Morningstar StyleMap
Yes No
ETFs - Reports
Yes No
Research 5 1.5
Winner check_circle

Mutual Fund Research

Feature TD Ameritrade ChoiceTrade
Mutual Funds - Strategy Overview
Yes No
Mutual Funds - Prospectus
Yes No
Mutual Funds - Reports
Yes No
Mutual Funds - Fees Breakdown
Yes No
Mutual Funds - Top 10 Holdings
Yes No
Mutual Funds - Asset Allocation
Yes No
Mutual Funds - Sector Allocation
Yes No
Mutual Funds - Country Allocation
No No
Mutual Funds - StyleMap
Yes No
Mutual Funds - 3rd Party Ratings
Yes No
Research 5 1.5
Winner check_circle

Options Trading

Feature TD Ameritrade ChoiceTrade
Option Chains - Streaming
Yes Yes
Option Chains - Total Columns
33 11
Option Chains - Greeks
5 1
Option Chains - Quick Analysis
Yes Yes
Option Analysis - P&L Charts
Yes Yes
Option Probability Analysis
Yes Yes
Option Probability Analysis Adv
Yes No
Option Positions - Greeks
Yes No
Option Positions - Adv Analysis
Yes No
Option Positions - Rolling
Yes No
Option Positions - Grouping
Yes Yes
Platforms & Tools 5 2
Winner check_circle

Beginners

Feature TD Ameritrade ChoiceTrade
Has Education - Stocks
Yes No
Has Education - ETFs
Yes No
Has Education - Options
Yes Yes
Has Education - Mutual Funds
Yes No
Has Education - Fixed Income
Yes No
Has Education - Retirement
Yes No
Paper Trading
Yes Yes
Videos
Yes No
Webinars (Monthly Avg)
500 0
Webinars (Archived)
Yes No
Live Seminars
Yes No
Progress Tracking
Yes No
Interactive Learning - Quizzes
Yes No
Investor Magazine
Yes No
Education 5 1
Winner check_circle

Banking

Feature TD Ameritrade ChoiceTrade
Retail Locations
364 0
Member FDIC
No No
Checking Accounts
Yes No
Savings Accounts
No No
Credit Cards
Yes No
Debit Cards
Yes No
Mortgage Loans
No No
No Fee Banking
Yes No
Banking 3 0.5
Winner check_circle

Overall

Feature TD Ameritrade ChoiceTrade
TD Ameritrade Review ChoiceTrade Review
Overall 4.5 2.5
Winner check_circle
Using data from our latest annual broker review which tested more than a dozen different online brokers over six months, we can compare ChoiceTrade 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. TD Ameritrade, with its regular stock trades costing $6.95, is more expensive than ChoiceTrade's rate of $0 per trade. Looking at trading options, ChoiceTrade's base fee is $5.00 while TD Ameritrade's is $6.95. ChoiceTrade's per contract rate of $0.15 is less than TD Ameritrade 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. ChoiceTrade offers clients Stock Trading and Options Trading while TD Ameritrade offers Stock Trading, Options Trading, Mutual Funds, Forex Trading and Futures Trading. As far as mutual funds go, TD Ameritrade offers its clients access to 12418 different mutual funds while ChoiceTrade has 0 available funds, a difference of 12,418.

Finally, by comparing the each broker's website and platform features, we can surface interesting differences. Both ChoiceTrade and TD Ameritrade offer virtual trading. For mobile trading, ChoiceTrade offer clients access to an iPhone App and Android App while TD Ameritrade has an 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 ChoiceTrade can have none of these.

Overall, between ChoiceTrade and TD Ameritrade, TD Ameritrade is the winner.

ChoiceTrade Review
TD Ameritrade Review


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.

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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