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TD Ameritrade vs Firstrade 2020

Is Firstrade better than TD Ameritrade? After testing 15 of the best online brokers over five months, TD Ameritrade (97.44%) is better than Firstrade (76.33%). 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.

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Overall Rating

Trading Fees

Feature TD Ameritrade Firstrade
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 $0.00
Mutual Fund Trade Fee $49.99 $0.00
Broker Assisted Trades Fee $44.99 $19.95
Commissions & Fees 4.5 4.5
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Margin Rates

Feature TD Ameritrade Firstrade
Under $24,999.99 9.50% 8.75%
$25,000.00 to $49,999.99 9.00% 8.25%
$50,000.00 to $99,999.99 8.00% 7.75%
$100,000.00 to $249,999.99 7.75% 7.25%
$250,000.00 to $499,999.99 7.50% 7.00%
$500,000.00 to $999,999.99 N/A 5.10%
Above $1,000,000.00 N/A 4.50%
Commissions & Fees 4.5 4.5
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Account Fees

Feature TD Ameritrade Firstrade
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $0.00 $0.00
Returned ACH Fee $25.00 $50.00
Returned Wire Fee $25.00 $50.00
Stock Certificate Processing Fee $0.00 $300.00
Stock Certificate Delivery Fee $500.00 $300.00
Paper Statement Fee $0.00 $5.00
Paper Confirmation Fee $0.00 $3.00
Domestic Wire Fee $25.00 $30.00
International Wire Fee $25.00 $50.00
Commissions & Fees 4.5 4.5

Investment Options

Feature TD Ameritrade Firstrade
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 No
Forex Trading
Yes No
Commission-Free ETFs all all
Mutual Funds (No Load)
5992 10746
Mutual Funds (Total)
11949 14939
Bonds (US Treasury)
Yes Yes
Bonds (Corporate)
Yes Yes
Bonds (Municipal)
Yes Yes
Interest Sharing
No No
Advisor Services
Yes No
International Trading
Yes No
Offering of Investments 4.5 4
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Order Types

Feature TD Ameritrade Firstrade
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 Yes
Order Type - OTO
Yes Yes
Order Type - OTOCO
Yes No
Offering of Investments 4.5 4
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Trading Platforms

Feature TD Ameritrade Firstrade
Desktop Platform (Windows)
Yes No
Desktop Platform (Mac)
Yes No
Web Platform
Yes Yes
Paper Trading
Yes No
Trade Journal
Yes No
Watch Lists - Total Fields
514 47
Heat Mapping
Yes Yes
AI Assistant Bot
Yes No
Platforms & Tools 5 2.5
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Charting Features

Feature TD Ameritrade Firstrade
Charting - Trade Off Chart
Yes No
Charting - Indicators / Studies
489 58
Charting - Drawing Tools
22 8
Charting - Historical Trades
Yes No
Charting - Corporate Events
Yes Yes
Charting - Automated Analysis
Yes No
Charting - Save Profiles
Yes No
Charting - Study Customizations
9 6
Charting - Custom Studies
Yes No
Platforms & Tools 5 2.5
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Day Trading

Feature TD Ameritrade Firstrade
Stock Alerts - Basic Fields
Yes Yes
Stock Alerts - Advanced Fields
Yes No
Streaming Time & Sales
Yes No
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 No
Level 2 Quotes - Options
Yes No
Trade Ideas - Backtesting
Yes No
Short Locator
No No
Order Liquidity Rebates
No No
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Mobile Trading Apps

Feature TD Ameritrade Firstrade
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 Yes
Trading - Option Rolling
Yes No
Touch / Face ID
Yes Yes
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Mobile App Features

Feature TD Ameritrade Firstrade
Watch List Syncing
Yes Yes
Stock Alerts
Yes No
Charting - After Hours
Yes No
Charting - Drawing
Yes No
Charting - Study Customizations
Yes Yes
Heatmapping
No No
Stream Live TV
Yes No
Barcode Lookup
Yes No
Mobile Trading 5 3.5
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Research Overview

Feature TD Ameritrade Firstrade
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 No
Screener - Bonds
Yes Yes
Misc - Portfolio Builder
Yes No
Misc - Portfolio Allocation
Yes Yes
Research 5 4
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Stock Research

Feature TD Ameritrade Firstrade
Stock Research - Reports
7 1
Stock Research - Earnings
Yes Yes
Stock Research - Insiders
Yes Yes
Stock Research - Metric Comp
Yes Yes
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 4
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ETF Research

Feature TD Ameritrade Firstrade
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
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Mutual Fund Research

Feature TD Ameritrade Firstrade
Mutual Funds - Strategy Overview
Yes Yes
Mutual Funds - Prospectus
Yes Yes
Mutual Funds - Reports
Yes No
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
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Options Trading

Feature TD Ameritrade Firstrade
Option Chains - Streaming
Yes No
Option Chains - Total Columns
33 8
Option Chains - Greeks
5 5
Option Chains - Quick Analysis
Yes No
Option Analysis - P&L Charts
Yes No
Option Probability Analysis
Yes No
Option Probability Analysis Adv
Yes No
Option Positions - Greeks
Yes No
Option Positions - Adv Analysis
Yes No
Option Positions - Rolling
Yes Yes
Option Positions - Grouping
Yes No
Platforms & Tools 5 2.5
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Beginners

Feature TD Ameritrade Firstrade
Education (Stocks)
Yes Yes
Education (ETFs)
Yes No
Education (Options)
Yes Yes
Education (Mutual Funds)
Yes No
Education (Fixed Income)
Yes No
Education (Retirement)
Yes Yes
Paper Trading
Yes No
Videos
Yes Yes
Webinars (Monthly Avg)
500 6
Webinars (Archived)
Yes Yes
Live Seminars
Yes No
Progress Tracking
Yes No
Interactive Learning - Quizzes
Yes No
Investor Magazine
Yes No
Education 5 3
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Banking

Feature TD Ameritrade Firstrade
Retail Locations
284 1
Member FDIC
No No
Checking Accounts
Yes Yes
Savings Accounts
No No
Credit Cards
Yes No
Debit Cards
Yes Yes
Mortgage Loans
No No
No Fee Banking
Yes No
Banking 3 2

Overall

Feature TD Ameritrade Firstrade
TD Ameritrade Review Firstrade Review
Overall 5 4
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Comparing brokers side by side is no easy task. For our 2020 annual broker review, we spent hundreds of hours assessing 15 brokerages to find the best online broker. Let's compare Firstrade vs TD Ameritrade.

Is Firstrade or TD Ameritrade better for beginners?
TD Ameritrade is better for beginner investors than Firstrade. TD Ameritrade offers investors access to Paper Trading, Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Fixed Income) and Education (Retirement).

What about Firstrade vs TD Ameritrade pricing?
Firstrade and TD Ameritrade have equal fees for trading stocks (equities), $0 per trade. With options, the base fee is $0 for both Firstrade and TD Ameritrade. Firstrade's per contract rate of $0 is less than TD Ameritrade which charges $0.65. For a complete commissions summary, see our best discount brokers guide.

Does Firstrade or TD Ameritrade offer a wider range of investment options?
TD Ameritrade offers a more diverse selection of investment options than Firstrade. TD Ameritrade offers investors access to Stock Trading, OTCBB / Pink Sheets, Options Trading, Mutual Funds, Futures Trading, Forex Trading, Advisor Services and International Trading. Looking at Mutual Funds, TD Ameritrade trails Firstrade by 2,990 total mutual funds, with Firstrade offering 14939 and TD Ameritrade offering 11949.

Which trading platform is better: Firstrade or TD Ameritrade?
To compare the trading platforms of both Firstrade and TD Ameritrade, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, TD Ameritrade offers a better experience. With research, TD Ameritrade offers superior market research. Finally, we found TD Ameritrade to provide better mobile trading apps.

Does either broker offer banking?
Online banking can be a benefit for investors, and some brokerages do provide banking services to customers. Clients can have Checking Accounts and Debit Cards at Firstrade while customers at TD Ameritrade can have Checking Accounts, Debit Cards and Credit Cards.

Overall, between Firstrade and TD Ameritrade, TD Ameritrade is the better online broker.

Firstrade Review
TD Ameritrade Review

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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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