StockBrokers.com is committed to the highest ethical standards and reviews services independently. Advertiser Disclosure

TD Ameritrade vs ChoiceTrade 2019

Is ChoiceTrade better than TD Ameritrade? Based on over 4,000 data points from our 2019 annual broker review, TD Ameritrade (86.98%) is better than ChoiceTrade (45.72%).

TD Ameritrade

Best for Overall and Beginners - Open Account
Exclusive Offer: Get up to $600 and trade commission-free with TD Ameritrade.

Rated our #1 online broker in 2019, TD Ameritrade charges $0 per trade and offers the largest variety of trading tools through its desktop-based thinkorswim and Mobile Trader platforms. It also ranks #1, alongside its Best in Class rating, for numerous other categories including Beginners, Trading Platforms and Tools, Customer Service, and Education, among others.Read full review.

ChoiceTrade

$0 Trades
Founded in 2000, ChoiceTrade is an online broker that advertises unlimited free stock trades. Unfortunately, overall, ChoiceTrade provides customers a terrible all-around online investing experience not worth the hassle. Read full review.

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) $0.00 $0.00
ETF Trade Fee $0.00 $0.00
Options Base Fee $0.00 $0.00
Options Per Contract Fee $0.65 $0.40
Mutual Fund Trade Fee $49.99 N/A
Broker Assisted Trades Fee $44.99 $30.00
Commissions & Fees 4.5 3.5
Winner check_circle

Margin Rates

Feature TD Ameritrade
Open Account
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 4.5 3.5
Winner check_circle

Account Fees

Feature TD Ameritrade ChoiceTrade
IRA Annual Fee $0.00 $50.00
IRA Closure Fee $0.00 $50.00
Returned ACH Fee $25.00 $40.00
Returned Wire Fee $25.00 $40.00
Stock Certificate Processing Fee $0.00 N/A
Stock Certificate Delivery Fee $500.00 N/A
Paper Statement Fee $0.00 $5.00
Paper Confirmation Fee $0.00 $1.00
Domestic Wire Fee $25.00 $35.00
International Wire Fee $25.00 $60.00
Commissions & Fees 4.5 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 0
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
Order 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
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
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

The StockBrokers.com annual broker review assesses more than a dozen different brokers over six months, surfacing the best online stock brokers. This review compares ChoiceTrade vs TD Ameritrade. Is ChoiceTrade or TD Ameritrade a better online broker?

First, we will make a comparison of the stock and option trading fees for trading with both brokers. ChoiceTrade and TD Ameritrade charge the same amount for regular stock trades, $0. For options trading, both ChoiceTrade and TD Ameritrade charge the same base fee of $0. Option contracts are pricier at TD Ameritrade, costing $0.65 versus $0.40 at ChoiceTrade. Note that some brokers charge a per-share fee instead of a flat-fee commission. For a full breakdown of commissions, read our online broker reviews.

For our next comparison of these two brokers, being able to trade the way you want is a must. ChoiceTrade supports Stock Trading and Options Trading while TD Ameritrade supports Stock Trading, Options Trading, Mutual Funds, Forex Trading and Futures Trading. When it comes to mutual funds, TD Ameritrade boasts an offering of 12418 mutual funds compared to ChoiceTrade's 0 available funds.

Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. ChoiceTrade and TD Ameritrade both 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. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Checking Accounts, Debit Cards and Credit Cards are available to clients of TD Ameritrade while ChoiceTrade offers customers 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.

arrow_drop_upBack to top