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Online Brokerage Comparison Tool

Blain Reinkensmeyer

Blain Reinkensmeyer | July 15th, 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.

Use the StockBrokers.com online brokerage comparison tool to compare over 150 different account features and fees across 16 online brokers: Ally Invest, Charles Schwab, Chase You Invest Trade, ChoiceTrade, Cobra Trading, E*TRADE, Fidelity, Firstrade, Interactive Brokers, Just2Trade, Lightspeed, Merrill Edge, Robinhood, SogoTrade, SpeedTrader, TD Ameritrade, and TradeStation. Compare trading commissions, account fees, trading tools and platforms, market research functionality, mobile apps, beginner education, and current special offers.

Exclusive Offer Get 300 commission-free trades and 2 years to use them Learn More
Exclusive Offer Trade free for 90 days + get up to $600 Learn More
Promo Offer Trade commission-free for 60 days & get up to $600. Join E*TRADE today! Learn More
Special Offer $4.95 online equity trades + $0.65 per options contract Open Account
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Overall Rating

Feature Fidelity Investments TD Ameritrade E*TRADE Charles Schwab Robinhood
Overall 4.5 4.5 4 4 2.5
Fidelity Investments Review TD Ameritrade Review E*TRADE Review Charles Schwab Review Robinhood Review

Trading Fees

Feature Fidelity Investments TD Ameritrade E*TRADE Charles Schwab Robinhood
Minimum Deposit $0.00 $0.00 $500.00 $0.00 $0.00
Stock Trade Fee (per trade) $4.95 $6.95 $6.95 $4.95 $0.00
Options Base Fee $4.95 $6.95 $6.95 $4.95 $0.00
Options Per Contract Fee $0.65 $0.75 $0.75 $0.65 $0.00
Mutual Fund Trade Fee $49.95 $49.99 $19.99 $49.95 N/A
Broker Assisted Trades Fee $32.95 $44.99 $25.00 $25.00 $0.00
IRA Annual Fee $0.00 $0.00 $0.00 $0.00 $0.00
IRA Closure Fee $0.00 $0.00 $60.00 $50.00 $0.00
Commissions & Fees 4 3.5 3.5 3.5 4.5
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Margin Rates

Feature Fidelity Investments TD Ameritrade E*TRADE Charles Schwab Robinhood
Under $24,999.99 9.58% 10.25% 10.50% 9.58% 5.00%
$25,000.00 to $49,999.99 9.08% 10.00% 10.25% 9.08% 5.00%
$50,000.00 to $99,999.99 8.13% 9.00% 9.75% 8.13% 5.00%
$100,000.00 to $249,999.99 8.08% 8.75% 9.25% 8.08% 5.00%
$250,000.00 to $499,999.99 7.83% 8.50% 8.75% 7.83% 5.00%
$500,000.00 to $999,999.99 5.50% 8.50% 8.25% 6.58% 5.00%
Above $1,000,000.00 5.25% 7.75% 7.25% 6.25% 5.00%
Commissions & Fees 4 3.5 3.5 3.5 4.5
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Trading Platforms

Feature Fidelity Investments TD Ameritrade E*TRADE Charles Schwab Robinhood
Desktop Platform (Windows)
Yes Yes Yes Yes No
Desktop Platform (Mac)
Yes Yes Yes Yes No
Web Platform
Yes Yes Yes Yes Yes
Paper Trading
No Yes Yes No No
Trade Journal
Yes Yes No Yes No
Watch Lists - Total Fields
91 514 125 108 7
Two-Factor Authentication Login
Yes Yes Yes Yes Yes
Heat Mapping
Yes Yes No Yes No
Platforms & Tools 4.5 5 4.5 4.5 1
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Charting Features

Feature Fidelity Investments TD Ameritrade E*TRADE Charles Schwab Robinhood
Charting - Trade Off Chart
Yes Yes Yes Yes No
Charting - Indicators / Studies
166 411 118 41 0
Charting - Drawing Tools
22 22 33 15 0
Charting - Historical Trades
Yes Yes Yes No No
Charting - Corporate Events
Yes Yes Yes Yes No
Charting - Automated Analysis
Yes Yes No Yes No
Charting - Save Profiles
Yes Yes Yes Yes No
Charting - Study Customizations
5 9 6 6 0
Charting - Custom Studies
No Yes No No No
Platforms & Tools 4.5 5 4.5 4.5 1
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Day Trading

Feature Fidelity Investments TD Ameritrade E*TRADE Charles Schwab Robinhood
Stock Alerts - Basic Fields
Yes Yes Yes Yes No
Stock Alerts - Advanced Fields
Yes Yes No Yes No
Streaming Time & Sales
Yes Yes Yes Yes No
Streaming TV
Yes Yes Yes Yes No
Direct Market Routing - Stocks
Yes Yes Yes Yes No
Direct Market Routing - Options
Yes Yes Yes No No
Ladder Trading
No Yes Yes No No
Trade Hot Keys
Yes Yes Yes Yes No
Level 2 Quotes - Stocks
Yes Yes Yes Yes No
Level 2 Quotes - Options
Yes Yes Yes Yes No
Trade Ideas - Backtesting
Yes Yes Yes Yes No
Short Locator
Yes No No No No
Client Liquidity Rebates
No No No No No
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Mobile Trading

Feature Fidelity Investments TD Ameritrade E*TRADE Charles Schwab Robinhood
iPhone App
Yes Yes Yes Yes Yes
Android App
Yes Yes Yes Yes Yes
Apple Watch App
Yes Yes Yes Yes Yes
Trading - Stocks
Yes Yes Yes Yes Yes
Trading - After-Hours
Yes Yes Yes Yes Yes
Trading - Conditional Orders
No Yes Yes No No
Trading - Mutual Funds
Yes No Yes Yes No
Trading - Simple Options
Yes Yes Yes Yes Yes
Trading - Complex Options
Yes Yes Yes Yes Yes
Trading - Option Rolling
No Yes No No No
Touch / Face ID
Yes Yes Yes Yes Yes
Watch List Syncing
Yes Yes Yes Yes Yes
Stock Alerts - Basic Fields
Yes Yes Yes No Yes
Stock Alerts - Advanced Fields
Yes No No No No
Charting - After Hours
Yes Yes Yes No Yes
Charting - Drawing
No Yes No No No
Charting - Study Customizations
Yes Yes Yes Yes No
Customizable Homescreen
Yes No Yes No No
Heatmapping
Yes No Yes Yes No
Stream Live TV
Yes Yes Yes Yes No
Barcode Lookup
No Yes Yes No No
Mobile Trading 4.5 4.5 5 4 3.5
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Research Overview

Feature Fidelity Investments TD Ameritrade E*TRADE Charles Schwab Robinhood
Research - Stocks
Yes Yes Yes Yes Yes
Research - ETFs
Yes Yes Yes Yes Yes
Research - Mutual Funds
Yes Yes Yes Yes No
Research - Pink Sheets / OTCBB
Yes Yes Yes Yes No
Research - Fixed Income
Yes Yes Yes Yes No
Research - Futures
Yes Yes Yes Yes No
Research - Forex
No Yes No No No
Screener - Stocks
Yes Yes Yes Yes No
Screener - ETFs
Yes Yes Yes Yes No
Screener - Mutual Funds
Yes Yes Yes Yes No
Screener - Options
Yes Yes Yes Yes No
Screener - Bonds
Yes Yes Yes Yes No
Misc - Portfolio Builder
Yes Yes Yes Yes No
Misc - Portfolio Allocation
Yes Yes Yes Yes Yes
Research 5 5 4.5 5 1
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Stock Research

Feature Fidelity Investments TD Ameritrade E*TRADE Charles Schwab Robinhood
Stock Research - Reports
12 7 4 8 0
Stock Research - Earnings
Yes Yes Yes Yes Yes
Stock Research - Insiders
Yes Yes Yes Yes No
Stock Research - Metric Comp
Yes Yes No Yes No
Stock Research - SEC Filings
Yes Yes Yes Yes No
Stock Research - Social
Yes Yes Yes Yes No
Stock Research - Balance Sheet
Yes Yes Yes Yes No
Stock Research - Cash Flows
Yes Yes Yes Yes No
Stock Research - News
Yes Yes Yes Yes Yes
Stock Research - ESG
Yes No No No No
Research 5 5 4.5 5 1
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Fund Research

Feature Fidelity Investments TD Ameritrade E*TRADE Charles Schwab Robinhood
ETFs - Strategy Overview
Yes Yes Yes Yes Yes
ETFs - Top 10 Holdings
Yes Yes Yes Yes No
ETFs - Sector Exposure
Yes Yes Yes Yes No
ETFs - Risk Analysis
Yes Yes Yes Yes No
ETFs - Performance Analysis
Yes Yes Yes Yes Yes
ETFs - Ratings
Yes Yes Yes Yes No
ETFs - Morningstar StyleMap
Yes Yes Yes Yes No
ETFs - Reports
Yes Yes Yes Yes No
Mutual Funds - Strategy Overview
Yes Yes Yes Yes No
Mutual Funds - Prospectus
Yes Yes Yes Yes No
Mutual Funds - Reports
No Yes Yes Yes No
Mutual Funds - Fees Breakdown
Yes Yes Yes Yes No
Mutual Funds - Top 10 Holdings
Yes Yes Yes Yes No
Mutual Funds - Asset Allocation
Yes Yes Yes Yes No
Mutual Funds - Sector Allocation
Yes Yes Yes Yes No
Mutual Funds - Country Allocation
Yes No Yes Yes No
Mutual Funds - StyleMap
Yes Yes Yes Yes No
Mutual Funds - 3rd Party Ratings
Yes Yes Yes Yes No
Research 5 5 4.5 5 1
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Options Trading

Feature Fidelity Investments TD Ameritrade E*TRADE Charles Schwab Robinhood
Option Chains - Streaming
Yes Yes Yes Yes No
Option Chains - Total Columns
26 33 30 41 5
Option Chains - Greeks
5 5 5 5 0
Option Chains - Quick Analysis
Yes Yes Yes Yes No
Option Analysis - P&L Charts
Yes Yes Yes Yes No
Option Probability Analysis
Yes Yes Yes Yes No
Option Probability Analysis Adv
Yes Yes Yes Yes No
Option Positions - Greeks
Yes Yes Yes Yes No
Option Positions - Adv Analysis
Yes Yes Yes Yes No
Option Positions - Rolling
Yes Yes Yes Yes No
Option Positions - Grouping
Yes Yes Yes Yes No
Platforms & Tools 4.5 5 4.5 4.5 1
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Investments

Feature Fidelity Investments TD Ameritrade E*TRADE Charles Schwab Robinhood
Stock Trading
Yes Yes Yes Yes Yes
OTCBB / Pink Sheets
Yes Yes Yes Yes No
Options Trading
Yes Yes Yes Yes Yes
Complex Options Max Legs
4 4 4 4 4
Futures Trading
No Yes Yes Yes No
Forex Trading
No Yes No No No
Commission-Free ETFs 500 571 295 503 all
Mutual Funds (No Load)
4031 5185 6266 5846 0
Mutual Funds (Total)
11782 12418 9062 5846 0
Bonds (US Treasury)
Yes Yes Yes Yes No
Bonds (Corporate)
Yes Yes Yes Yes No
Bonds (Municipal)
Yes Yes Yes Yes No
Advisor Services
Yes Yes Yes Yes No
International Trading
Yes Yes No Yes No
Offering of Investments 4.5 4.5 4.5 4.5 2
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Order Types

Feature Fidelity Investments TD Ameritrade E*TRADE Charles Schwab Robinhood
Order Type - Market
Yes Yes Yes Yes Yes
Order Type - Limit
Yes Yes Yes Yes Yes
Order Type - Stop
Yes Yes Yes Yes Yes
Order Type - Trailing Stop
Yes Yes Yes Yes No
Order Type - Contingent
Yes Yes Yes Yes No
Order Type - MultiContingent
Yes Yes No Yes No
Order Type - OCO
Yes Yes Yes Yes No
Order Type - OTO
Yes Yes Yes Yes No
Order Type - OTOCO
Yes Yes Yes Yes No
Offering of Investments 4.5 4.5 4.5 4.5 2
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Beginners

Feature Fidelity Investments TD Ameritrade E*TRADE Charles Schwab Robinhood
Has Education - Stocks
Yes Yes Yes Yes Yes
Has Education - ETFs
Yes Yes Yes Yes No
Has Education - Options
Yes Yes Yes Yes Yes
Has Education - Mutual Funds
Yes Yes Yes Yes No
Has Education - Fixed Income
Yes Yes Yes Yes No
Has Education - Retirement
Yes Yes Yes Yes No
Paper Trading
No Yes Yes No No
Videos
Yes Yes Yes Yes No
Webinars (Monthly Avg)
8 500 12 50 0
Webinars (Archived)
Yes Yes Yes Yes No
Live Seminars
Yes Yes Yes Yes No
Progress Tracking
Yes Yes No No No
Interactive Learning - Quizzes
Yes Yes Yes No No
Investor Magazine
Yes Yes No Yes No
Education 5 5 4.5 4.5 2
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Banking

Feature Fidelity Investments TD Ameritrade E*TRADE Charles Schwab Robinhood
Retail Locations
197 364 30 357 0
Member FDIC
No No Yes Yes No
Checking Accounts
Yes Yes Yes Yes No
Savings Accounts
Yes No Yes Yes No
Credit Cards
Yes Yes No Yes No
Debit Cards
Yes Yes Yes Yes No
Mortgage Loans
No No No Yes No
No Fee Banking
Yes Yes No Yes No
Banking 4 3 4 4.5 0.5
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Overall

Feature Fidelity Investments TD Ameritrade E*TRADE Charles Schwab Robinhood
Fidelity Investments Review TD Ameritrade Review E*TRADE Review Charles Schwab Review Robinhood Review
Overall 4.5 4.5 4 4 2.5
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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.

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