Is Interactive Brokers better than TD Ameritrade? After testing 11 of the best online brokers over three months, TD Ameritrade (100%) is better than Interactive Brokers (95.07%). TD Ameritrade delivers $0 trades, fantastic trading platforms, excellent market research, industry-leading education for beginners, and reliable customer service. This outstanding all-around experience makes TD Ameritrade our top overall broker in 2021.
TD Ameritrade vs Interactive Brokers 2021
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Overall Rating
Feature | TD Ameritrade | Interactive Brokers |
Overall | ||
Commissions & Fees | ||
Offering of Investments | ||
Platforms & Tools | ||
Mobile Trading | ||
Research | ||
Education | ||
Ease of Use | ||
TD Ameritrade Review | Interactive Brokers Review | |
Winner | check_circle |
Trading Fees
Feature | TD Ameritrade | Interactive Brokers |
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 | $14.95 |
Broker Assisted Trades Fee | $44.99 | $30.00 |
Margin Rates
Feature | TD Ameritrade | Interactive Brokers |
Under $24,999.99 | 9.50% | 1.59% |
$25,000.00 to $49,999.99 | 9.00% | 1.59% |
$50,000.00 to $99,999.99 | 8.00% | 1.59% |
$100,000.00 to $249,999.99 | 7.75% | 1.29% |
$250,000.00 to $499,999.99 | 7.50% | 1.19% |
$500,000.00 to $999,999.99 | N/A | 1.14% |
Above $1,000,000.00 | N/A | 0.75% |
Account Fees
Feature | TD Ameritrade | Interactive Brokers |
IRA Annual Fee | $0.00 | $0.00 |
IRA Closure Fee | $0.00 | $0.00 |
Returned ACH Fee | $25.00 | N/A |
Returned Wire Fee | $25.00 | N/A |
Stock Certificate Processing Fee | $0.00 | N/A |
Stock Certificate Delivery Fee | $500.00 | N/A |
Paper Statement Fee | $0.00 | N/A |
Paper Confirmation Fee | $0.00 | N/A |
Domestic Wire Fee | $25.00 | $10.00 |
International Wire Fee | $25.00 | $10.00 |
Investment Options
Feature | TD Ameritrade | Interactive Brokers |
Stock Trading |
Yes | Yes |
Fractional Shares |
No | Yes |
OTCBB / Pink Sheets |
Yes | Yes |
Options Trading |
Yes | Yes |
Complex Options Max Legs |
4 | 8 |
Futures Trading |
Yes | Yes |
Forex Trading |
Yes | No |
Crypto Trading | No | No |
Mutual Funds (No Load) |
8097 | 8734 |
Mutual Funds (Total) |
12330 | 11080 |
Bonds (US Treasury) |
Yes | Yes |
Bonds (Corporate) |
Yes | Yes |
Bonds (Municipal) |
Yes | Yes |
Advisor Services |
Yes | No |
International Trading |
Yes | Yes |
AI Assistant Bot |
Yes | Yes |
Order Types
Feature | TD Ameritrade | Interactive Brokers |
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 | Yes |
Trading Platforms
Feature | TD Ameritrade | Interactive Brokers |
Desktop Platform (Windows) |
Yes | Yes |
Desktop Platform (Mac) |
Yes | Yes |
Web Platform |
Yes | Yes |
Paper Trading |
Yes | Yes |
Trade Journal |
Yes | Yes |
Heat Mapping |
Yes | Yes |
Watch Lists - Total Fields |
514 | 494 |
Charting Features
Feature | TD Ameritrade | Interactive Brokers |
Charting - Trade Off Chart |
Yes | Yes |
Charting - Indicators / Studies |
489 | 121 |
Charting - Drawing Tools |
22 | 9 |
Charting - Historical Trades |
Yes | Yes |
Charting - Corporate Events |
Yes | Yes |
Charting - Automated Analysis |
Yes | No |
Charting - Save Profiles |
Yes | Yes |
Trade Ideas - Technical Analysis |
Yes | No |
Charting - Study Customizations |
9 | 6 |
Charting - Custom Studies |
Yes | No |
Day Trading
Feature | TD Ameritrade | Interactive Brokers |
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 | Yes |
Trade Hot Keys |
Yes | Yes |
Level 2 Quotes - Stocks |
Yes | Yes |
Level 2 Quotes - Options |
Yes | Yes |
Trade Ideas - Backtesting |
Yes | Yes |
Short Locator |
No | Yes |
Order Liquidity Rebates |
No | Yes |
Mobile Trading Apps
Feature | TD Ameritrade | Interactive Brokers |
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 |
Mobile App Features
Feature | TD Ameritrade | Interactive Brokers |
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 | No |
Research Overview
Feature | TD Ameritrade | Interactive Brokers |
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 |
Stock Research
Feature | TD Ameritrade | Interactive Brokers |
Stock Research - Reports |
7 | 3 |
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 | Yes |
Stock Research - Balance Sheet |
Yes | Yes |
Stock Research - Cash Flows |
Yes | Yes |
Stock Research - News |
Yes | Yes |
Stock Research - ESG |
No | Yes |
ETF Research
Feature | TD Ameritrade | Interactive Brokers |
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 |
Mutual Fund Research
Feature | TD Ameritrade | Interactive Brokers |
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 |
Options Trading
Feature | TD Ameritrade | Interactive Brokers |
Option Chains - Streaming |
Yes | Yes |
Option Chains - Total Columns |
35 | 37 |
Option Chains - Greeks |
5 | 4 |
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 |
Beginners
Feature | TD Ameritrade | Interactive Brokers |
Education (Stocks) |
Yes | Yes |
Education (ETFs) |
Yes | Yes |
Education (Options) |
Yes | Yes |
Education (Mutual Funds) |
Yes | No |
Education (Fixed Income) |
Yes | Yes |
Education (Retirement) |
Yes | No |
Paper Trading |
Yes | Yes |
Videos |
Yes | Yes |
Webinars (Monthly Avg) |
500 | 20 |
Webinars (Archived) |
Yes | Yes |
Live Seminars |
Yes | No |
Progress Tracking |
Yes | Yes |
Interactive Learning - Quizzes |
Yes | Yes |
Banking
Feature | TD Ameritrade | Interactive Brokers |
Retail Locations |
261 | 0 |
Member FDIC |
No | Yes |
Checking Accounts |
Yes | Yes |
Savings Accounts |
No | No |
Credit Cards |
Yes | No |
Debit Cards |
Yes | Yes |
Mortgage Loans |
No | No |
No Fee Banking |
Yes | Yes |
Overall
Feature | TD Ameritrade | Interactive Brokers |
Overall | ||
Commissions & Fees | ||
Offering of Investments | ||
Platforms & Tools | ||
Mobile Trading | ||
Research | ||
Education | ||
Ease of Use | ||
TD Ameritrade Review | Interactive Brokers Review | |
Winner | check_circle |
Comparing brokers side by side is no easy task. For our 2021 annual broker review, we spent hundreds of hours assessing 11 brokerages to find the best online broker. Let's compare Interactive Brokers vs TD Ameritrade.
Is Interactive Brokers or TD Ameritrade better for beginners?
TD Ameritrade is better for beginner investors than Interactive Brokers. 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 Interactive Brokers vs TD Ameritrade pricing?
Interactive Brokers and TD Ameritrade charge the same amount for regular stock trades, $0. 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. For a complete commissions summary, see our best discount brokers guide.
Does Interactive Brokers or TD Ameritrade offer a wider range of investment options?
Interactive Brokers offers a more diverse selection of investment options than TD Ameritrade. Interactive Brokers offers investors access to Stock Trading, Fractional Shares, OTCBB / Pink Sheets, Options Trading, Mutual Funds, Futures Trading and International Trading. Looking at Mutual Funds, Interactive Brokers trails TD Ameritrade by 1,250 total mutual funds, with TD Ameritrade offering 12330 and Interactive Brokers offering 11080.
Which trading platform is better: Interactive Brokers or TD Ameritrade?
To compare the trading platforms of both Interactive Brokers 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 Interactive Brokers while customers at TD Ameritrade can have Checking Accounts, Debit Cards and Credit Cards.
Overall winner: TD Ameritrade
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All pricing data was obtained from a published web site as of 01/19/2021 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.