TD Ameritrade vs Interactive Brokers Comparison
Comparing brokers side by side is no easy task. For our 2023 annual broker review, we spent hundreds of hours assessing 17 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 Interactive Brokers. 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, OTC Stocks, Mutual Funds, Futures Trading, Forex Trading and Advisor Services, while Interactive Brokers offers investors access to Stock Trading, Fractional Shares, Options Trading, OTC Stocks, 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, Interactive Brokers 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. 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 2023, in which it placed among Best in Class in several categories including options trading and best for beginners.
Is Interactive Brokers good?
Interactive Brokers is a go-to choice for professionals because of its institutional-grade desktop trading platform, high-quality trade executions and rock-bottom margin rates.
TD Ameritrade vs Interactive Brokers Winner
Overall winner: TD Ameritrade
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