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Online Brokerage Comparison Tool

StockBrokers.com | December 4th, 2019

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 up to $600 and trade commission-free with TD Ameritrade. Open Account
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Promo Offer Commission-Free Trades on Stocks, ETFs & Options Trades Open Account
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Special Offer Commission-Free Trading on 700+ ETFs Open Account
Special Offer $0 online stock, ETF, and options commissions at Schwab. Open Account
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Overall Rating

Feature TD Ameritrade Interactive Brokers TradeStation Firstrade Charles Schwab
Overall 4.5 4 3.5 3.5 4
TD Ameritrade Review Interactive Brokers Review TradeStation Review Firstrade Review Charles Schwab Review

Trading Fees

Feature TD Ameritrade Interactive Brokers TradeStation Firstrade Charles Schwab
Minimum Deposit $0.00 $0.00 $0.00 $0.00 $0.00
Stock Trade Fee (per trade) $0.00 N/A $0.00 $0.00 $0.00
ETF Trade Fee $0.00 $0.01 $0.00 $0.00 $0.00
Options Base Fee $0.00 $0.00 $0.00 $0.00 $0.00
Options Per Contract Fee $0.65 $0.70 $0.50 $0.00 $0.65
Mutual Fund Trade Fee $49.99 $14.95 $14.95 $0.00 $49.95
Broker Assisted Trades Fee $44.99 $30.00 $50.00 $19.95 $25.00
Commissions & Fees 4.5 4.5 4.5 4 4.5
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Margin Rates

Feature TD Ameritrade
Open Account
Interactive Brokers
Open Account
TradeStation
Open Account
Firstrade
Open Account
Charles Schwab
Open Account
Under $24,999.99 10.00% 3.08% 9.50% 9.00% 9.33%
$25,000.00 to $49,999.99 9.75% 3.08% 9.50% 8.75% 8.83%
$50,000.00 to $99,999.99 8.75% 3.08% 8.75% 8.25% 7.88%
$100,000.00 to $249,999.99 8.50% 2.58% 8.75% 7.75% 7.83%
$250,000.00 to $499,999.99 8.25% 3.18% 8.75% 7.50% 7.58%
$500,000.00 to $999,999.99 N/A 2.75% 5.50% 5.60% 6.08%
Above $1,000,000.00 N/A 2.08% 5.50% 5.00% 5.75%
Commissions & Fees 4.5 4.5 4.5 4 4.5
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Account Fees

Feature TD Ameritrade Interactive Brokers TradeStation Firstrade Charles Schwab
IRA Annual Fee $0.00 $0.00 $35.00 $0.00 $0.00
IRA Closure Fee $0.00 $0.00 $50.00 $0.00 $50.00
Returned ACH Fee $25.00 N/A $25.00 $50.00 $25.00
Returned Wire Fee $25.00 N/A $25.00 $50.00 $25.00
Stock Certificate Processing Fee $0.00 N/A $150.00 $300.00 $100.00
Stock Certificate Delivery Fee $500.00 N/A $15.00 $300.00 N/A
Paper Statement Fee $0.00 N/A $1.00 $5.00 $0.00
Paper Confirmation Fee $0.00 N/A $1.00 $3.00 $0.00
Domestic Wire Fee $25.00 $10.00 $25.00 $30.00 $25.00
International Wire Fee $25.00 $10.00 $35.00 $50.00 $25.00
Commissions & Fees 4.5 4.5 4.5 4 4.5

Investment Options

Feature TD Ameritrade Interactive Brokers TradeStation Firstrade Charles Schwab
Stock Trading
Yes Yes Yes Yes Yes
OTCBB / Pink Sheets
Yes Yes Yes Yes Yes
Options Trading
Yes Yes Yes Yes Yes
Complex Options Max Legs
4 8 4 4 4
Futures Trading
Yes Yes Yes No Yes
Forex Trading
Yes No No No No
Commission-Free ETFs 570 96 all all all
Mutual Funds (No Load)
5992 8534 887 10746 7291
Mutual Funds (Total)
11949 1243 4357 19036 9978
Bonds (US Treasury)
Yes Yes Yes Yes Yes
Bonds (Corporate)
Yes Yes Yes Yes Yes
Bonds (Municipal)
Yes Yes Yes Yes Yes
Advisor Services
Yes No No No Yes
International Trading
Yes Yes No No Yes
Offering of Investments 4.5 5 4 3.5 4.5
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Order Types

Feature TD Ameritrade Interactive Brokers TradeStation Firstrade Charles Schwab
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 Yes
Order Type - Contingent
Yes Yes Yes Yes Yes
Order Type - MultiContingent
Yes Yes Yes Yes Yes
Order Type - OCO
Yes Yes Yes Yes Yes
Order Type - OTO
Yes Yes Yes Yes Yes
Order Type - OTOCO
Yes Yes Yes No Yes
Offering of Investments 4.5 5 4 3.5 4.5
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Trading Platforms

Feature TD Ameritrade Interactive Brokers TradeStation Firstrade Charles Schwab
Desktop Platform (Windows)
Yes Yes Yes No Yes
Desktop Platform (Mac)
Yes Yes No No Yes
Web Platform
Yes Yes Yes Yes Yes
Paper Trading
Yes Yes Yes No No
Trade Journal
Yes Yes No No Yes
Watch Lists - Total Fields
514 494 335 47 125
Heat Mapping
Yes Yes No Yes Yes
Platforms & Tools 5 4.5 4.5 2 4.5
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Charting Features

Feature TD Ameritrade Interactive Brokers TradeStation Firstrade Charles Schwab
Charting - Trade Off Chart
Yes Yes Yes No Yes
Charting - Indicators / Studies
489 121 285 58 41
Charting - Drawing Tools
22 9 23 8 15
Charting - Historical Trades
Yes Yes Yes No No
Charting - Corporate Events
Yes Yes No Yes Yes
Charting - Automated Analysis
Yes No No No Yes
Charting - Save Profiles
Yes Yes Yes No Yes
Charting - Study Customizations
9 6 12 6 7
Charting - Custom Studies
Yes No Yes No No
Platforms & Tools 5 4.5 4.5 2 4.5
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Day Trading

Feature TD Ameritrade Interactive Brokers TradeStation Firstrade Charles Schwab
Stock Alerts - Basic Fields
Yes Yes Yes Yes Yes
Stock Alerts - Advanced Fields
Yes No Yes No Yes
Streaming Time & Sales
Yes Yes Yes No Yes
Streaming TV
Yes Yes No No Yes
Direct Market Routing - Stocks
Yes Yes Yes No Yes
Direct Market Routing - Options
Yes Yes Yes No No
Ladder Trading
Yes Yes Yes No No
Trade Hot Keys
Yes Yes Yes No Yes
Level 2 Quotes - Stocks
Yes Yes Yes No Yes
Level 2 Quotes - Options
Yes Yes Yes No Yes
Trade Ideas - Backtesting
Yes Yes Yes No Yes
Short Locator
No Yes Yes No No
Order Liquidity Rebates
No Yes Yes No No
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Mobile Trading Apps

Feature TD Ameritrade Interactive Brokers TradeStation Firstrade Charles Schwab
iPhone App
Yes Yes Yes Yes Yes
Android App
Yes Yes Yes Yes Yes
Apple Watch App
Yes Yes No No Yes
Trading - Stocks
Yes Yes Yes Yes Yes
Trading - After-Hours
Yes Yes Yes Yes Yes
Trading - Conditional Orders
Yes Yes Yes No No
Trading - Mutual Funds
No Yes No No Yes
Trading - Simple Options
Yes Yes Yes Yes Yes
Trading - Complex Options
Yes Yes Yes Yes Yes
Trading - Option Rolling
Yes No No No No
Touch / Face ID
Yes Yes Yes Yes Yes
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Mobile App Features

Feature TD Ameritrade Interactive Brokers TradeStation Firstrade Charles Schwab
Watch List Syncing
Yes Yes Yes Yes Yes
Stock Alerts
Yes Yes Yes No No
Charting - After Hours
Yes Yes Yes No No
Charting - Drawing
Yes No Yes No No
Charting - Study Customizations
Yes Yes Yes Yes Yes
Heatmapping
No No No No Yes
Stream Live TV
Yes Yes No No Yes
Barcode Lookup
Yes No No No No
Mobile Trading 4.5 4.5 4.5 3.5 4
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Research Overview

Feature TD Ameritrade Interactive Brokers TradeStation Firstrade Charles Schwab
Research - Stocks
Yes Yes Yes Yes Yes
Research - ETFs
Yes Yes Yes Yes Yes
Research - Mutual Funds
Yes No No Yes Yes
Research - Pink Sheets / OTCBB
Yes Yes Yes Yes Yes
Research - Fixed Income
Yes Yes No Yes Yes
Screener - Stocks
Yes Yes Yes Yes Yes
Screener - ETFs
Yes Yes No Yes Yes
Screener - Mutual Funds
Yes No No Yes Yes
Screener - Options
Yes Yes Yes No Yes
Screener - Bonds
Yes Yes No Yes Yes
Misc - Portfolio Builder
Yes Yes No No Yes
Misc - Portfolio Allocation
Yes Yes No Yes Yes
Research 5 3.5 1.5 4 5
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Stock Research

Feature TD Ameritrade Interactive Brokers TradeStation Firstrade Charles Schwab
Stock Research - Reports
7 2 0 1 8
Stock Research - Earnings
Yes Yes No Yes Yes
Stock Research - Insiders
Yes Yes No Yes Yes
Stock Research - Metric Comp
Yes Yes No Yes Yes
Stock Research - SEC Filings
Yes Yes No Yes Yes
Stock Research - Social
Yes Yes No No Yes
Stock Research - Balance Sheet
Yes Yes No Yes Yes
Stock Research - Cash Flows
Yes Yes No Yes Yes
Stock Research - News
Yes Yes Yes Yes Yes
Stock Research - ESG
No Yes No No No
Research 5 3.5 1.5 4 5
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ETF Research

Feature TD Ameritrade Interactive Brokers TradeStation Firstrade Charles Schwab
ETFs - Strategy Overview
Yes Yes No Yes Yes
ETFs - Top 10 Holdings
Yes Yes No Yes Yes
ETFs - Sector Exposure
Yes Yes No Yes Yes
ETFs - Risk Analysis
Yes Yes No Yes Yes
ETFs - Performance Analysis
Yes Yes No Yes Yes
ETFs - Ratings
Yes Yes No Yes Yes
ETFs - Morningstar StyleMap
Yes No No Yes Yes
ETFs - Reports
Yes Yes No Yes Yes
Research 5 3.5 1.5 4 5
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Mutual Fund Research

Feature TD Ameritrade Interactive Brokers TradeStation Firstrade Charles Schwab
Mutual Funds - Strategy Overview
Yes No No Yes Yes
Mutual Funds - Prospectus
Yes Yes No Yes Yes
Mutual Funds - Reports
Yes Yes No No Yes
Mutual Funds - Fees Breakdown
Yes Yes No Yes Yes
Mutual Funds - Top 10 Holdings
Yes No No Yes Yes
Mutual Funds - Asset Allocation
Yes No No Yes Yes
Mutual Funds - Sector Allocation
Yes No No Yes Yes
Mutual Funds - Country Allocation
No No No Yes Yes
Mutual Funds - StyleMap
Yes No No Yes Yes
Mutual Funds - 3rd Party Ratings
Yes No No Yes Yes
Research 5 3.5 1.5 4 5
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Options Trading

Feature TD Ameritrade Interactive Brokers TradeStation Firstrade Charles Schwab
Option Chains - Streaming
Yes Yes Yes No Yes
Option Chains - Total Columns
33 37 32 8 44
Option Chains - Greeks
5 4 5 5 5
Option Chains - Quick Analysis
Yes Yes Yes No Yes
Option Analysis - P&L Charts
Yes Yes Yes No Yes
Option Probability Analysis
Yes Yes Yes No Yes
Option Probability Analysis Adv
Yes Yes Yes No Yes
Option Positions - Greeks
Yes Yes Yes No Yes
Option Positions - Adv Analysis
Yes Yes Yes No Yes
Option Positions - Rolling
Yes Yes Yes Yes Yes
Option Positions - Grouping
Yes Yes Yes No Yes
Platforms & Tools 5 4.5 4.5 2 4.5
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Beginners

Feature TD Ameritrade Interactive Brokers TradeStation Firstrade Charles Schwab
Has Education - Stocks
Yes Yes Yes Yes Yes
Has Education - ETFs
Yes Yes No No Yes
Has Education - Options
Yes Yes Yes Yes Yes
Has Education - Mutual Funds
Yes No No No Yes
Has Education - Fixed Income
Yes Yes No No Yes
Has Education - Retirement
Yes No No Yes Yes
Paper Trading
Yes Yes Yes No No
Videos
Yes Yes Yes Yes Yes
Webinars (Monthly Avg)
500 20 0 6 50
Webinars (Archived)
Yes Yes Yes Yes Yes
Live Seminars
Yes No Yes No Yes
Progress Tracking
Yes Yes No No No
Interactive Learning - Quizzes
Yes Yes No No No
Investor Magazine
Yes Yes Yes No Yes
Education 5 3 3 3 4.5
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Banking

Feature TD Ameritrade Interactive Brokers TradeStation Firstrade Charles Schwab
Retail Locations
284 0 0 1 357
Member FDIC
No Yes No No Yes
Checking Accounts
Yes Yes No Yes Yes
Savings Accounts
No No No No Yes
Credit Cards
Yes No No No Yes
Debit Cards
Yes Yes No Yes Yes
Mortgage Loans
No No No No Yes
No Fee Banking
Yes Yes No No Yes
Banking 3 2 0.5 2 4.5
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Overall

Feature TD Ameritrade Interactive Brokers TradeStation Firstrade Charles Schwab
TD Ameritrade Review Interactive Brokers Review TradeStation Review Firstrade Review Charles Schwab Review
Overall 4.5 4 3.5 3.5 4
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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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