Comparing brokers side by side is no easy task. For our annual broker review, we assess over a dozen brokers on hundreds of different variables to find the best online broker. Yielding a database of over 4,000 data points, let's compare Interactive Brokers vs TD Ameritrade.
To start this comparison, first, we will take a look at the online broker commission rates for placing regular stock and options trades. 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. TD Ameritrade's per contract rate of $0.65 is less than Interactive Brokers which charges $0.70. It's important to note that not all brokers charge a flat fee per trade. Thus, it is important to read the full commission notes for each broker, which we include with each online broker review.
Next to commission rates, being able to trade what you want is important. TD Ameritrade supports Stock Trading, Options Trading, Mutual Funds, Forex Trading and Futures Trading while Interactive Brokers supports Stock Trading, Options Trading, Mutual Funds and Futures Trading. Looking at mutual funds, TD Ameritrade boasts an offering of 12418 mutual funds compared to Interactive Brokers's 11000 available funds.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. Interactive Brokers alongside TD Ameritrade offer virtual trading. Taking a look at mobile trading, Interactive Brokers and TD Ameritrade both have a iPhone App, iPad App and Android App. Not to be left out, online banking is also a nice benefit for many investors, and some brokerages provide these services to clients. Checking Accounts and Debit Cards are offered by Interactive Brokers while TD Ameritrade offers Checking Accounts, Debit Cards and Credit Cards.
Overall, between Interactive Brokers and TD Ameritrade, TD Ameritrade is the winner.
Interactive Brokers Review
TD Ameritrade Review