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TD Ameritrade vs Interactive Brokers 2022

StockBrokers.com

Written by StockBrokers.com

November 02, 2022

Is TD Ameritrade better than Interactive Brokers? After testing 15 of the best online brokers over six months, TD Ameritrade (95.41%) is better than E*TRADE (92.52%). 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 one of our top overall brokers in 2022.

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Overall RatingTD AmeritradeInteractive BrokersE*TRADE
Overall5 Stars4.5 Stars5 Stars
Commissions & Fees4.5 Stars4.5 Stars4.5 Stars
Investment Options5 Stars5 Stars5 Stars
Platforms & Tools5 Stars4.5 Stars4.5 Stars
Mobile Trading Apps5 Stars4.5 Stars5 Stars
Research5 Stars5 Stars4.5 Stars
Customer Service4.5 Stars3 Stars4.5 Stars
Education5 Stars4.5 Stars4.5 Stars
Ease Of Use5 Stars4 Stars5 Stars
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ReviewTD Ameritrade ReviewInteractive Brokers ReviewE*TRADE Review
Trading FeesTD AmeritradeInteractive BrokersE*TRADE
Minimum Deposit$0.00$0.00$0.00
Stock Trades$0.00$0.00$0.00
Penny Stock Fees (OTCCB)$6.95$0.00$6.95
Mutual Fund Trade FeeVaries$14.95$19.99
Options (Base Fee)$0.00$0.00$0.00
Options (Per Contract)$0.65$0.65$0.65
Futures (Per Contract)$2.25$0.85$1.50
Broker Assisted Trade Fee$25$30$25
Margin RatesTD AmeritradeInteractive BrokersE*TRADE
Margin Rate Under $24,999.9912.50%4.58%11.95%
Margin Rate $25,000.00 to $49,999.9912.00%4.58%11.45%
Margin Rate $50,000.00 to $99,999.9911.00%4.58%10.95%
Margin Rate $100,000.00 to $249,999.9910.75%4.08%10.45%
Margin Rate $250,000.00 to $499,999.9910.50%4.08%9.95%
Margin Rate $500,000.00 to $999,999.99N/A4.08%9.45%
Margin Rate Above $1,000,000.00N/A3.83%8.45%
Account FeesTD AmeritradeInteractive BrokersE*TRADE
IRA Annual Fee$0.00$0.00$0.00
IRA Closure Fee$0.00$0.00$0.00
Account Transfer Out (Partial)$0.00$0.00$25.00
Account Transfer Out (Full)$75.00$0.00$75.00
Options Exercise Fee$0.00$0.00$0.00
Options Assignment Fee$0.00$0.00$0.00
Investment OptionsTD AmeritradeInteractive BrokersE*TRADE
Stock TradingYesYesYes
Margin TradingYesYesYes
Fractional SharesNoYesNo
OTCBB / Pink SheetsYesYesYes
Options TradingYesYesYes
Complex Options Max Legs464
Futures TradingYesYesYes
Forex TradingYesNoNo
Crypto TradingNoYesNo
Crypto Trading - Total Coins040
Mutual Funds (No Load)3698108826486
Mutual Funds (Total)5876111607242
Bonds (US Treasury)YesYesYes
Bonds (Corporate)YesYesYes
Bonds (Municipal)YesYesYes
Advisor ServicesYesNoYes
International Countries (Stocks)0330
Order TypesTD AmeritradeInteractive BrokersE*TRADE
Order Type - MarketYesYesYes
Order Type - LimitYesYesYes
Order Type - After HoursYesYesYes
Order Type - StopYesYesYes
Order Type - Trailing StopYesYesYes
Order Type - OCOYesYesYes
Order Type - OTOYesYesYes
Order Type - Broker AssistedYesYesYes
BeginnersTD AmeritradeInteractive BrokersE*TRADE
Education (Stocks)YesYesYes
Education (ETFs)YesYesYes
Education (Options)YesYesYes
Education (Mutual Funds)YesNoYes
Education (Bonds)YesYesYes
Education (Retirement)YesYesYes
Retirement CalculatorYesNoYes
Investor DictionaryYesYesYes
Paper TradingYesYesYes
VideosYesYesYes
WebinarsYesYesYes
Webinars (Archived)YesYesYes
Progress TrackingYesYesNo
Interactive Learning - QuizzesYesYesYes
Stock Trading AppsTD AmeritradeInteractive BrokersE*TRADE
iPhone AppYesYesYes
Android AppYesYesYes
Apple Watch AppYesYesYes
Trading - StocksYesYesYes
Trading - After-HoursYesYesYes
Trading - Simple OptionsYesYesYes
Trading - Complex OptionsYesYesYes
Order Ticket RT QuotesYesYesYes
Order Ticket SRT QuotesYesYesYes
Stock App FeaturesTD AmeritradeInteractive BrokersE*TRADE
Market Movers (Top Gainers)YesYesYes
Stream Live TVYesYesYes
Videos on DemandYesYesNo
Stock AlertsYesYesYes
Option Chains ViewableYesYesYes
Watch List (Real-time)YesYesYes
Watch List (Streaming)YesYesYes
Watch Lists - Create & ManageYesYesYes
Watch Lists - Column CustomizationYesYesYes
Watch Lists - Total Fields51464095
Stock App ChartingTD AmeritradeInteractive BrokersE*TRADE
Charting - After-HoursYesYesYes
Charting - Can Turn HorizontallyYesYesYes
Charting - Multiple Time FramesYesYesYes
Charting - Technical Studies4009710
Charting - Study CustomizationsYesYesYes
Charting - Stock ComparisonsYesNoYes
Trading PlatformsTD AmeritradeInteractive BrokersE*TRADE
Active Trading PlatformthinkorswimTrader Workstation (TWS)Power E*TRADE
Desktop Trading PlatformYesYesNo
Desktop Platform (Mac)YesYesNo
Web Trading PlatformYesYesYes
Paper TradingYesYesYes
Trade JournalYesYesNo
Watch Lists - Total Fields51464095
Stock Chart FeaturesTD AmeritradeInteractive BrokersE*TRADE
Charting - Adjust Trades on ChartYesYesYes
Charting - Indicators / Studies429121119
Charting - Drawing Tools248531
Charting - NotesYesYesYes
Charting - Index OverlaysYesYesYes
Charting - Historical TradesYesYesYes
Charting - Corporate EventsYesYesYes
Charting - Custom Date RangeYesYesYes
Charting - Custom Time BarsYesYesNo
Charting - Automated AnalysisYesYesYes
Charting - Save ProfilesYesYesYes
Trade Ideas - Technical AnalysisYesYesYes
Charting - Study Customizations956
Charting - Custom StudiesYesNoNo
Day TradingTD AmeritradeInteractive BrokersE*TRADE
Streaming Time & SalesYesYesYes
Streaming TVYesYesYes
Direct Market Routing - StocksYesYesYes
Ladder TradingYesYesNo
Trade Hot KeysYesYesYes
Level 2 Quotes - StocksYesYesYes
Trade Ideas - BacktestingYesYesNo
Trade Ideas - Backtesting AdvYesYesNo
Short LocatorNoYesNo
Order Liquidity RebatesNoYesNo
Research OverviewTD AmeritradeInteractive BrokersE*TRADE
Research - StocksYesYesYes
Research - ETFsYesYesYes
Research - Mutual FundsYesYesYes
Research - Pink Sheets / OTCBBYesYesYes
Research - BondsYesYesYes
Screener - StocksYesYesYes
Screener - ETFsYesYesYes
Screener - Mutual FundsYesYesYes
Screener - BondsYesYesYes
Misc - Portfolio AllocationYesYesYes
Stock ResearchTD AmeritradeInteractive BrokersE*TRADE
Stock Research - PDF Reports676
Stock Research - EarningsYesYesYes
Stock Research - InsidersYesYesYes
Stock Research - SocialYesYesYes
Stock Research - NewsYesYesYes
Stock Research - ESGNoYesNo
Stock Research - SEC FilingsYesYesYes
ETF ResearchTD AmeritradeInteractive BrokersE*TRADE
ETFs - Strategy OverviewYesYesYes
ETF Fund Facts - Inception DateYesYesYes
ETF Fund Facts - Expense RatioYesYesYes
ETF Fund Facts - Net AssetsYesYesYes
ETF Fund Facts - Total HoldingsNoYesYes
ETFs - Top 10 HoldingsYesYesYes
ETFs - Sector ExposureYesYesYes
ETFs - Risk AnalysisYesYesYes
ETFs - RatingsYesYesYes
ETFs - Morningstar StyleMapYesYesYes
ETFs - PDF ReportsYesYesYes
Mutual Fund ResearchTD AmeritradeInteractive BrokersE*TRADE
Mutual Funds - Strategy OverviewYesYesYes
Mutual Funds - Performance ChartYesYesNo
Mutual Funds - Performance AnalysisYesYesYes
Mutual Funds - ProspectusYesYesYes
Mutual Funds - 3rd Party RatingsYesYesYes
Mutual Funds - Fees BreakdownYesYesYes
Mutual Funds - Top 10 HoldingsYesYesYes
Mutual Funds - Asset AllocationYesYesYes
Mutual Funds - Sector AllocationYesYesYes
Mutual Funds - Country AllocationNoYesYes
Mutual Funds - StyleMapYesYesYes
Options TradingTD AmeritradeInteractive BrokersE*TRADE
Option Chains - Basic ViewYesYesYes
Option Chains - Strategy ViewYesYesYes
Option Chains - StreamingYesYesYes
Option Chains - Total Columns354431
Option Chains - Greeks5125
Option Chains - Quick AnalysisYesYesYes
Option Analysis - P&L ChartsYesYesYes
Option Probability AnalysisYesYesYes
Option Probability Analysis AdvYesYesYes
Option Positions - GreeksYesYesYes
Option Positions - Greeks StreamingYesYesYes
Option Positions - Adv AnalysisYesYesYes
Option Positions - RollingYesYesYes
Option Positions - GroupingYesYesYes
BankingTD AmeritradeInteractive BrokersE*TRADE
Bank (Member FDIC)NoNoYes
Checking AccountsYesNoYes
Savings AccountsNoNoYes
Credit CardsYesNoYes
Debit CardsYesYesYes
Mortgage LoansNoNoYes
Customer ServiceTD AmeritradeInteractive BrokersE*TRADE
Phone Support (Prospect Customers)YesYesYes
Phone Support (Current Customers)YesYesYes
Email SupportYesYesYes
Live Chat (Prospect Customers)YesNoNo
Live Chat (Current Customers)YesYesYes
24/7 SupportYesNoYes
OverallTD AmeritradeInteractive BrokersE*TRADE
Overall5 Stars4.5 Stars5 Stars
Commissions & Fees4.5 Stars4.5 Stars4.5 Stars
Investment Options5 Stars5 Stars5 Stars
Platforms & Tools5 Stars4.5 Stars4.5 Stars
Mobile Trading Apps5 Stars4.5 Stars5 Stars
Research5 Stars5 Stars4.5 Stars
Education5 Stars4.5 Stars4.5 Stars
Ease Of Use5 Stars4 Stars5 Stars
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ReviewTD Ameritrade ReviewInteractive Brokers ReviewE*TRADE Review
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TD Ameritrade vs Interactive Brokers Comparison

Comparing brokers side by side is no easy task. For our 2022 annual broker review, we spent hundreds of hours assessing 15 brokerages to find the best online broker. Let's compare TD Ameritrade vs Interactive Brokers.

Is TD Ameritrade or Interactive Brokers better for beginners?

TD Ameritrade offers more comprehensive new investor education for beginner investors than E*TRADE. TD Ameritrade offers investors access to Paper Trading, Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Bonds) and Education (Retirement), while Interactive Brokers offers investors access to Paper Trading, Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Bonds) and Education (Retirement).

What about TD Ameritrade vs Interactive Brokers pricing?

TD Ameritrade and Interactive Brokers charge the same amount for regular stock trades, $0.00. TD Ameritrade and Interactive Brokers both charge $0.65 per option contract. For a complete commissions summary, see our best brokers for free stock trading guide.

Does TD Ameritrade or Interactive Brokers offer a wider range of investment options?

TD Ameritrade offers investors access to Stock Trading, Options Trading, OTCBB / Pink Sheets, Mutual Funds, Futures Trading, Forex Trading and Advisor Services, while Interactive Brokers offers investors access to Stock Trading, Fractional Shares, Options Trading, OTCBB / Pink Sheets, Mutual Funds and Futures Trading. Looking at Mutual Funds, TD Ameritrade trails Interactive Brokers in its offering of no transaction fee (NTF) mutual funds, with Interactive Brokers offering 4329 and TD Ameritrade offering 3610.

Which trading platform is better: TD Ameritrade or Interactive Brokers?

To compare the trading platforms of TD Ameritrade and Interactive Brokers, 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 E*TRADE 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. Checking Accounts, Debit Cards and Credit Cards are offered by TD Ameritrade while Interactive Brokers offers Debit Cards, neither have Savings Accounts and Mortgage Loans.

Is TD Ameritrade good?

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 one of our top overall brokers in 2022.

Is Interactive Brokers good?

In 2022, Interactive Brokers remains our top pick for professionals because of its institutional-grade desktop trading platform and rock-bottom margin rates. Professionals aside, Interactive Brokers also appeals to active traders and casual investors with $0 trades and a user-friendly web platform.

TD Ameritrade vs Interactive Brokers Winner

Overall winner: TD Ameritrade

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