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TD Ameritrade vs E*TRADE 2020

Is E*TRADE better than TD Ameritrade? After testing 15 of the best online brokers over five months, TD Ameritrade (97.44%) is better than E*TRADE (91.53%). TD Ameritrade delivers the ultimate package for investors, including $0 trades, fantastic trading platforms, excellent market research, industry-leading education for beginners, and reliable customer service. This outstanding all-round experience makes TD Ameritrade our top overall broker in 2020.

Exclusive Offer Get up to $600 and trade commission-free with TD Ameritrade. Open Account
Promo Offer Get $100 when you deposit just $5,000 into a new E*TRADE account! Open Account
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Overall Rating

Trading Fees

Feature TD Ameritrade E*TRADE
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 $0.65
Mutual Fund Trade Fee $49.99 $19.99
Broker Assisted Trades Fee $44.99 $25.00
Commissions & Fees 4.5 4.5
Winner check_circle

Margin Rates

Feature TD Ameritrade E*TRADE
Under $24,999.99 10.00% 10.00%
$25,000.00 to $49,999.99 9.75% 9.75%
$50,000.00 to $99,999.99 8.75% 9.25%
$100,000.00 to $249,999.99 8.50% 8.75%
$250,000.00 to $499,999.99 8.25% 8.25%
$500,000.00 to $999,999.99 N/A 7.75%
Above $1,000,000.00 N/A 6.75%
Commissions & Fees 4.5 4.5
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Account Fees

Feature TD Ameritrade E*TRADE
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $0.00 $60.00
Returned ACH Fee $25.00 $0.00
Returned Wire Fee $25.00 $0.00
Stock Certificate Processing Fee $0.00 $0.00
Stock Certificate Delivery Fee $500.00 $75.00
Paper Statement Fee $0.00 $2.00
Paper Confirmation Fee $0.00 $0.00
Domestic Wire Fee $25.00 $25.00
International Wire Fee $25.00 $25.00
Commissions & Fees 4.5 4.5

Investment Options

Feature TD Ameritrade E*TRADE
Stock Trading
Yes Yes
Fractional Shares
No No
OTCBB / Pink Sheets
Yes Yes
Options Trading
Yes Yes
Complex Options Max Legs
4 4
Futures Trading
Yes Yes
Forex Trading
Yes No
Commission-Free ETFs all all
Mutual Funds (No Load)
5992 6663
Mutual Funds (Total)
11949 9291
Bonds (US Treasury)
Yes Yes
Bonds (Corporate)
Yes Yes
Bonds (Municipal)
Yes Yes
Interest Sharing
No No
Advisor Services
Yes Yes
International Trading
Yes No
Offering of Investments 4.5 4.5
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Order Types

Feature TD Ameritrade E*TRADE
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 No
Order Type - OCO
Yes Yes
Order Type - OTO
Yes Yes
Order Type - OTOCO
Yes Yes
Offering of Investments 4.5 4.5
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Trading Platforms

Feature TD Ameritrade E*TRADE
Desktop Platform (Windows)
Yes No
Desktop Platform (Mac)
Yes No
Web Platform
Yes Yes
Paper Trading
Yes Yes
Trade Journal
Yes No
Watch Lists - Total Fields
514 125
Heat Mapping
Yes No
AI Assistant Bot
Yes No
Platforms & Tools 5 4.5
Winner check_circle

Charting Features

Feature TD Ameritrade E*TRADE
Charting - Trade Off Chart
Yes Yes
Charting - Indicators / Studies
489 119
Charting - Drawing Tools
22 32
Charting - Historical Trades
Yes Yes
Charting - Corporate Events
Yes Yes
Charting - Automated Analysis
Yes Yes
Charting - Save Profiles
Yes Yes
Charting - Study Customizations
9 6
Charting - Custom Studies
Yes No
Platforms & Tools 5 4.5
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Day Trading

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

Mobile Trading Apps

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

Mobile App Features

Feature TD Ameritrade E*TRADE
Watch List Syncing
Yes Yes
Stock Alerts
Yes Yes
Charting - After Hours
Yes Yes
Charting - Drawing
Yes No
Charting - Study Customizations
Yes Yes
Heatmapping
No No
Stream Live TV
Yes Yes
Barcode Lookup
Yes Yes
Mobile Trading 5 5
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Research Overview

Feature TD Ameritrade E*TRADE
Research - Stocks
Yes Yes
Research - ETFs
Yes Yes
Research - Mutual Funds
Yes Yes
Research - Pink Sheets / OTCBB
Yes Yes
Research - Fixed Income
Yes Yes
Screener - Stocks
Yes Yes
Screener - ETFs
Yes Yes
Screener - Mutual Funds
Yes Yes
Screener - Options
Yes Yes
Screener - Bonds
Yes Yes
Misc - Portfolio Builder
Yes Yes
Misc - Portfolio Allocation
Yes Yes
Research 5 4.5
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Stock Research

Feature TD Ameritrade E*TRADE
Stock Research - Reports
7 5
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 Yes
Stock Research - Balance Sheet
Yes Yes
Stock Research - Cash Flows
Yes Yes
Stock Research - News
Yes Yes
Stock Research - ESG
No No
Research 5 4.5
Winner check_circle

ETF Research

Feature TD Ameritrade E*TRADE
ETFs - Strategy Overview
Yes Yes
ETFs - Top 10 Holdings
Yes Yes
ETFs - Sector Exposure
Yes Yes
ETFs - Risk Analysis
Yes Yes
ETFs - Performance Analysis
Yes Yes
ETFs - Ratings
Yes Yes
ETFs - Morningstar StyleMap
Yes Yes
ETFs - Reports
Yes Yes
Research 5 4.5
Winner check_circle

Mutual Fund Research

Feature TD Ameritrade E*TRADE
Mutual Funds - Strategy Overview
Yes Yes
Mutual Funds - Prospectus
Yes Yes
Mutual Funds - Reports
Yes Yes
Mutual Funds - Fees Breakdown
Yes Yes
Mutual Funds - Top 10 Holdings
Yes Yes
Mutual Funds - Asset Allocation
Yes Yes
Mutual Funds - Sector Allocation
Yes Yes
Mutual Funds - Country Allocation
No Yes
Mutual Funds - StyleMap
Yes Yes
Mutual Funds - 3rd Party Ratings
Yes Yes
Research 5 4.5
Winner check_circle

Options Trading

Feature TD Ameritrade E*TRADE
Option Chains - Streaming
Yes Yes
Option Chains - Total Columns
33 30
Option Chains - Greeks
5 5
Option Chains - Quick Analysis
Yes Yes
Option Analysis - P&L Charts
Yes Yes
Option Probability Analysis
Yes Yes
Option Probability Analysis Adv
Yes Yes
Option Positions - Greeks
Yes Yes
Option Positions - Adv Analysis
Yes Yes
Option Positions - Rolling
Yes Yes
Option Positions - Grouping
Yes Yes
Platforms & Tools 5 4.5
Winner check_circle

Beginners

Feature TD Ameritrade E*TRADE
Education (Stocks)
Yes Yes
Education (ETFs)
Yes Yes
Education (Options)
Yes Yes
Education (Mutual Funds)
Yes Yes
Education (Fixed Income)
Yes Yes
Education (Retirement)
Yes Yes
Paper Trading
Yes Yes
Videos
Yes Yes
Webinars (Monthly Avg)
500 12
Webinars (Archived)
Yes Yes
Live Seminars
Yes Yes
Progress Tracking
Yes No
Interactive Learning - Quizzes
Yes Yes
Investor Magazine
Yes No
Education 5 4
Winner check_circle

Banking

Feature TD Ameritrade E*TRADE
Retail Locations
284 30
Member FDIC
No Yes
Checking Accounts
Yes Yes
Savings Accounts
No Yes
Credit Cards
Yes No
Debit Cards
Yes Yes
Mortgage Loans
No No
No Fee Banking
Yes No
Banking 3 4

Overall

Feature TD Ameritrade E*TRADE
TD Ameritrade Review E*TRADE Review
Overall 5 4.5
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 E*TRADE vs TD Ameritrade. Is E*TRADE 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. E*TRADE and TD Ameritrade have equal fees for trading stocks (equities), $0 per trade. Looking at options, the base fees charged are the same for both brokers, $0. Option contracts at both of the brokerages are the same at $0.65 each. 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. TD Ameritrade provides its clients with Stock Trading, Options Trading, Mutual Funds, Forex Trading and Futures Trading while E*TRADE provides clients access to Stock Trading, Options Trading, Mutual Funds and Futures Trading. When it comes to mutual funds, TD Ameritrade offers its clients access to 11949 different mutual funds while E*TRADE has 9291 available funds, a difference of 2,658.

Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. E*TRADE alongside TD Ameritrade offer virtual trading. For mobile trading, E*TRADE along with TD Ameritrade both support the 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 offered by TD Ameritrade while E*TRADE offers Checking Accounts, Savings Accounts and Debit Cards.

Overall, between E*TRADE and TD Ameritrade, TD Ameritrade is the winner.

E*TRADE Review
TD Ameritrade Review



All pricing data was obtained from a published web site as of 01/20/2020 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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