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TD Ameritrade vs Interactive Brokers 2020

Is TD Ameritrade better than Interactive Brokers? After scoring brokers in nine separate categories for our 2019 review, TD Ameritrade (86.98%) is better than Interactive Brokers (80.99%).

TD Ameritrade

Best Overall 2020

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. Read full review

Interactive Brokers

Best for professionals - Open Account
Exclusive Offer: New clients that open an account today receive a special margin rate

While Interactive Brokers is not well known for its casual investor offering, it leads the industry with low-cost trading for professionals. Through the Trader Workstation (TWS) platform, Interactive Brokers offers excellent tools and an extensive selection of tradable securities. Read full review

Overall Rating

Trading Fees

Feature TD Ameritrade Interactive Brokers
Minimum Deposit $0.00 $0.00
Stock Trade Fee (per trade) $0.00 N/A
ETF Trade Fee $0.00 $0.01
Options Base Fee $0.00 $0.00
Options Per Contract Fee $0.65 $0.70
Mutual Fund Trade Fee $49.99 $14.95
Broker Assisted Trades Fee $44.99 $30.00
Commissions & Fees 4.5 4.5
Winner check_circle

Margin Rates

Feature TD Ameritrade Interactive Brokers
Under $24,999.99 10.00% 3.08%
$25,000.00 to $49,999.99 9.75% 3.08%
$50,000.00 to $99,999.99 8.75% 3.08%
$100,000.00 to $249,999.99 8.50% 2.58%
$250,000.00 to $499,999.99 8.25% 3.18%
$500,000.00 to $999,999.99 N/A 2.75%
Above $1,000,000.00 N/A 2.08%
Commissions & Fees 4.5 4.5
Winner check_circle

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
Commissions & Fees 4.5 4.5

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
Commission-Free ETFs all 96
Mutual Funds (No Load)
5992 8534
Mutual Funds (Total)
11949 12
Bonds (US Treasury)
Yes Yes
Bonds (Corporate)
Yes Yes
Bonds (Municipal)
Yes Yes
Advisor Services
Yes No
International Trading
Yes Yes
Offering of Investments 4.5 5
Winner check_circle

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
Offering of Investments 4.5 5
Winner check_circle

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
Watch Lists - Total Fields
514 494
Heat Mapping
Yes Yes
Platforms & Tools 5 4.5
Winner check_circle

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
Charting - Study Customizations
9 6
Charting - Custom Studies
Yes No
Platforms & Tools 5 4.5
Winner check_circle

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
Winner check_circle

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
Winner check_circle

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
Mobile Trading 4.5 4.5
Winner check_circle

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 No
Screener - Options
Yes Yes
Screener - Bonds
Yes Yes
Misc - Portfolio Builder
Yes Yes
Misc - Portfolio Allocation
Yes Yes
Research 5 3.5
Winner check_circle

Stock Research

Feature TD Ameritrade Interactive Brokers
Stock Research - Reports
7 2
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
Research 5 3.5
Winner check_circle

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 No
ETFs - Reports
Yes Yes
Research 5 3.5
Winner check_circle

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 No
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 3.5
Winner check_circle

Options Trading

Feature TD Ameritrade Interactive Brokers
Option Chains - Streaming
Yes Yes
Option Chains - Total Columns
33 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
Platforms & Tools 5 4.5
Winner check_circle

Beginners

Feature TD Ameritrade Interactive Brokers
Has Education - Stocks
Yes Yes
Has Education - ETFs
Yes Yes
Has Education - Options
Yes Yes
Has Education - Mutual Funds
Yes No
Has Education - Fixed Income
Yes Yes
Has 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
Investor Magazine
Yes Yes
Education 5 3
Winner check_circle

Banking

Feature TD Ameritrade Interactive Brokers
Retail Locations
284 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
Banking 3 2
Winner check_circle

Overall

Using data from our latest annual broker review which tested more than a dozen different online brokers over six months, we can compare Interactive Brokers vs TD Ameritrade to determine which broker is best. Let's dive in.

First, we will break down the commission charges of both brokers for placing stock and options trades. Interactive Brokers and TD Ameritrade charge the same amount for regular stock trades, $0. For options trading, both Interactive Brokers and TD Ameritrade charge the same base fee of $0. Each option contract then costs $0.70 at Interactive Brokers and $0.65 at TD Ameritrade. Instead of flat rate fees, several brokers charge a per-share fee instead. For a complete review of trading charges, read our full online broker reviews.

Next, investors want to make sure they can trade the investment vehicle they want. TD Ameritrade offers clients Stock Trading, Options Trading, Mutual Funds, Forex Trading and Futures Trading while Interactive Brokers offers Stock Trading, Options Trading, Mutual Funds and Futures Trading. As far as mutual funds go, Interactive Brokers trails TD Ameritrade by 10,706 total mutual funds, with TD Ameritrade offering 11949 and Interactive Brokers offering 1243.

Finally, by comparing the each broker's website and platform features, we can surface interesting differences. Interactive Brokers and TD Ameritrade both offer virtual trading. For mobile trading, Interactive Brokers along with TD Ameritrade both support the iPhone App, iPad App and Android App. Online banking is also used by many customers, and multiple full-service brokerages provide these services. 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, between Interactive Brokers and TD Ameritrade, TD Ameritrade is the winner.

Interactive Brokers Review
TD Ameritrade Review



All pricing data was obtained from a published web site as of 01/14/2020 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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