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Interactive Brokers vs TD Ameritrade 2019

The StockBrokers.com annual review (9 years running) takes six months to complete and produces over 30,000 words of research each year. Here's how we test.

Is Interactive Brokers better than TD Ameritrade? After scoring brokers on over 4,000 data points for our 2019 review, TD Ameritrade (86.98%) is better than Interactive Brokers (80.99%). The extra cost of trading with TD Ameritrade is worth every cent – the brokerage delivers fantastic platforms, research, mobile apps, education, and customer service. This outstanding all-round experience makes TD Ameritrade our No. 1 overall broker in 2019.

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Overall Rating

Feature Interactive Brokers TD Ameritrade
Overall 4 4.5
Interactive Brokers Review TD Ameritrade Review

Trading Fees

Feature Interactive Brokers TD Ameritrade
Minimum Deposit $0.00 $0.00
Stock Trade Fee (per trade) N/A $6.95
ETF Trade Fee $0.01 $6.95
Options Base Fee $0.00 $6.95
Options Per Contract Fee $0.70 $0.75
Mutual Fund Trade Fee $14.95 $49.99
Broker Assisted Trades Fee $30.00 $44.99
Commissions & Fees 4.5 3.5
Winner check_circle

Margin Rates

Feature Interactive Brokers
Open Account
TD Ameritrade
Open Account
Under $24,999.99 3.68% 10.25%
$25,000.00 to $49,999.99 3.68% 10.00%
$50,000.00 to $99,999.99 3.68% 9.00%
$100,000.00 to $249,999.99 3.18% 8.75%
$250,000.00 to $499,999.99 3.18% 8.50%
$500,000.00 to $999,999.99 3.18% 8.50%
Above $1,000,000.00 2.68% 7.75%
Commissions & Fees 4.5 3.5
Winner check_circle

Account Fees

Feature Interactive Brokers TD Ameritrade
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $0.00 $0.00
Returned ACH Fee N/A $25.00
Returned Wire Fee N/A $25.00
Stock Certificate Processing Fee N/A $0.00
Stock Certificate Delivery Fee N/A $500.00
Paper Statement Fee N/A $0.00
Paper Confirmation Fee N/A $0.00
Domestic Wire Fee $10.00 $25.00
International Wire Fee $10.00 $25.00
Commissions & Fees 4.5 3.5

Investment Options

Feature Interactive Brokers TD Ameritrade
Stock Trading
Yes Yes
OTCBB / Pink Sheets
Yes Yes
Options Trading
Yes Yes
Complex Options Max Legs
8 4
Futures Trading
Yes Yes
Forex Trading
No Yes
Commission-Free ETFs 48 571
Mutual Funds (No Load)
7558 5185
Mutual Funds (Total)
11000 12418
Bonds (US Treasury)
Yes Yes
Bonds (Corporate)
Yes Yes
Bonds (Municipal)
Yes Yes
Advisor Services
No Yes
International Trading
Yes Yes
Offering of Investments 5 4.5
Winner check_circle

Order Types

Feature Interactive Brokers TD Ameritrade
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 5 4.5
Winner check_circle

Trading Platforms

Feature Interactive Brokers TD Ameritrade
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
453 514
Two-Factor Authentication Login
Yes Yes
Heat Mapping
Yes Yes
Platforms & Tools 4.5 5
Winner check_circle

Charting Features

Feature Interactive Brokers TD Ameritrade
Charting - Trade Off Chart
Yes Yes
Charting - Indicators / Studies
121 411
Charting - Drawing Tools
9 22
Charting - Historical Trades
Yes Yes
Charting - Corporate Events
Yes Yes
Charting - Automated Analysis
No Yes
Charting - Save Profiles
Yes Yes
Charting - Study Customizations
6 9
Charting - Custom Studies
No Yes
Platforms & Tools 4.5 5
Winner check_circle

Day Trading

Feature Interactive Brokers TD Ameritrade
Stock Alerts - Basic Fields
Yes Yes
Stock Alerts - Advanced Fields
No Yes
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
Yes No
Client Liquidity Rebates
Yes No
Winner check_circle

Mobile Trading Apps

Feature Interactive Brokers TD Ameritrade
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
Yes No
Trading - Simple Options
Yes Yes
Trading - Complex Options
Yes Yes
Trading - Option Rolling
No Yes
Touch / Face ID
Yes Yes
Winner check_circle

Mobile App Features

Feature Interactive Brokers TD Ameritrade
Watch List Syncing
Yes Yes
Stock Alerts - Basic Fields
Yes Yes
Stock Alerts - Advanced Fields
No No
Charting - After Hours
Yes Yes
Charting - Drawing
No Yes
Charting - Study Customizations
Yes Yes
Customizable Homescreen
No No
Heatmapping
No No
Stream Live TV
Yes Yes
Barcode Lookup
No Yes
Mobile Trading 4.5 4.5
Winner check_circle

Research Overview

Feature Interactive Brokers TD Ameritrade
Research - Stocks
Yes Yes
Research - ETFs
Yes Yes
Research - Mutual Funds
No Yes
Research - Pink Sheets / OTCBB
Yes Yes
Research - Fixed Income
Yes Yes
Research - Futures
Yes Yes
Research - Forex
Yes Yes
Screener - Stocks
Yes Yes
Screener - ETFs
Yes Yes
Screener - Mutual Funds
No Yes
Screener - Options
Yes Yes
Screener - Bonds
Yes Yes
Misc - Portfolio Builder
Yes Yes
Misc - Portfolio Allocation
Yes Yes
Research 3.5 5
Winner check_circle

Stock Research

Feature Interactive Brokers TD Ameritrade
Stock Research - Reports
1 7
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
Yes No
Research 3.5 5
Winner check_circle

ETF Research

Feature Interactive Brokers TD Ameritrade
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
No Yes
ETFs - Reports
Yes Yes
Research 3.5 5
Winner check_circle

Mutual Fund Research

Feature Interactive Brokers TD Ameritrade
Mutual Funds - Strategy Overview
No Yes
Mutual Funds - Prospectus
Yes Yes
Mutual Funds - Reports
Yes Yes
Mutual Funds - Fees Breakdown
Yes Yes
Mutual Funds - Top 10 Holdings
No Yes
Mutual Funds - Asset Allocation
No Yes
Mutual Funds - Sector Allocation
No Yes
Mutual Funds - Country Allocation
No No
Mutual Funds - StyleMap
No Yes
Mutual Funds - 3rd Party Ratings
No Yes
Research 3.5 5
Winner check_circle

Options Trading

Feature Interactive Brokers TD Ameritrade
Option Chains - Streaming
Yes Yes
Option Chains - Total Columns
37 33
Option Chains - Greeks
4 5
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 4.5 5
Winner check_circle

Beginners

Feature Interactive Brokers TD Ameritrade
Has Education - Stocks
Yes Yes
Has Education - ETFs
No Yes
Has Education - Options
Yes Yes
Has Education - Mutual Funds
No Yes
Has Education - Fixed Income
No Yes
Has Education - Retirement
No Yes
Paper Trading
Yes Yes
Videos
Yes Yes
Webinars (Monthly Avg)
20 500
Webinars (Archived)
Yes Yes
Live Seminars
No Yes
Progress Tracking
Yes Yes
Interactive Learning - Quizzes
Yes Yes
Investor Magazine
Yes Yes
Education 3 5
Winner check_circle

Banking

Feature Interactive Brokers TD Ameritrade
Retail Locations
0 364
Member FDIC
No No
Checking Accounts
Yes Yes
Savings Accounts
No No
Credit Cards
No Yes
Debit Cards
Yes Yes
Mortgage Loans
No No
No Fee Banking
No Yes
Banking 2 3
Winner check_circle

Overall

Feature Interactive Brokers TD Ameritrade
Interactive Brokers Review TD Ameritrade Review
Overall 4 4.5
Winner check_circle
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. TD Ameritrade, with its regular stock trades costing $6.95, is more expensive than Interactive Brokers's rate of $0 (the broker charges a per share rate instead) per trade. Looking at trading options, Interactive Brokers's base fee is $0 while TD Ameritrade's is $6.95. Option contracts are pricier at TD Ameritrade, costing $0.75 versus $0.70 at Interactive Brokers. 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 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. 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 and TD Ameritrade both offer virtual trading. Taking a look at mobile trading, Interactive Brokers along with TD Ameritrade both support the 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. 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 02/18/2019 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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