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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 New clients that open an account today receive a special margin rate Learn More
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 Spring into the market action with FREE trading until 2020 Learn More
Promo Offer Trade commission-free for 60 days & get up to $600. Join E*TRADE today! Learn More
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Overall Rating

Feature Interactive Brokers Fidelity Investments TD Ameritrade TradeStation E*TRADE
Overall 4 4.5 4.5 3.5 4
Interactive Brokers Review Fidelity Investments Review TD Ameritrade Review TradeStation Review E*TRADE Review

Trading Fees

Feature Interactive Brokers Fidelity Investments TD Ameritrade TradeStation E*TRADE
Minimum Deposit $0.00 $0.00 $0.00 $500.00 $500.00
Stock Trade Fee (per trade) N/A $4.95 $6.95 $5.00 $6.95
Options Base Fee $0.00 $4.95 $6.95 $5.00 $6.95
Options Per Contract Fee $0.70 $0.65 $0.75 $0.50 $0.75
Mutual Fund Trade Fee $14.95 $49.95 $49.99 $14.95 $19.99
Broker Assisted Trades Fee $30.00 $32.95 $44.99 $50.00 $25.00
IRA Annual Fee $0.00 $0.00 $0.00 $35.00 $0.00
IRA Closure Fee $0.00 $0.00 $0.00 $50.00 $60.00
Commissions & Fees 4.5 4 3.5 3.5 3.5
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Margin Rates

Feature Interactive Brokers Fidelity Investments TD Ameritrade TradeStation E*TRADE
Under $24,999.99 3.68% 9.58% 10.25% 9.25% 10.50%
$25,000.00 to $49,999.99 3.68% 9.08% 10.00% 9.25% 10.25%
$50,000.00 to $99,999.99 3.68% 8.13% 9.00% 8.50% 9.75%
$100,000.00 to $249,999.99 3.18% 8.08% 8.75% 8.50% 9.25%
$250,000.00 to $499,999.99 3.18% 7.83% 8.50% 8.50% 8.75%
$500,000.00 to $999,999.99 3.18% 5.50% 8.50% 5.25% 8.25%
Above $1,000,000.00 2.68% 5.25% 7.75% 5.25% 7.25%
Commissions & Fees 4.5 4 3.5 3.5 3.5
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Trading Platforms

Feature Interactive Brokers Fidelity Investments TD Ameritrade TradeStation E*TRADE
Desktop Platform (Windows)
Yes Yes Yes Yes Yes
Desktop Platform (Mac)
Yes Yes Yes No Yes
Web Platform
Yes Yes Yes Yes Yes
Paper Trading
Yes No Yes Yes Yes
Trade Journal
Yes Yes Yes No No
Watch Lists - Total Fields
453 91 514 335 125
Two-Factor Authentication Login
Yes Yes Yes Yes Yes
Heat Mapping
Yes Yes Yes No No
Platforms & Tools 4.5 4.5 5 4.5 4.5
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Charting Features

Feature Interactive Brokers Fidelity Investments TD Ameritrade TradeStation E*TRADE
Charting - Trade Off Chart
Yes Yes Yes Yes Yes
Charting - Indicators / Studies
121 166 411 282 118
Charting - Drawing Tools
9 22 22 23 33
Charting - Historical Trades
Yes Yes Yes Yes Yes
Charting - Corporate Events
Yes Yes Yes No Yes
Charting - Automated Analysis
No Yes Yes No No
Charting - Save Profiles
Yes Yes Yes Yes Yes
Charting - Study Customizations
6 5 9 12 6
Charting - Custom Studies
No No Yes Yes No
Platforms & Tools 4.5 4.5 5 4.5 4.5
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Day Trading

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

Feature Interactive Brokers Fidelity Investments TD Ameritrade TradeStation E*TRADE
iPhone App
Yes Yes Yes Yes Yes
Android App
Yes Yes Yes Yes Yes
Apple Watch App
Yes Yes Yes No Yes
Trading - Stocks
Yes Yes Yes Yes Yes
Trading - After-Hours
Yes Yes Yes Yes Yes
Trading - Conditional Orders
Yes No Yes Yes Yes
Trading - Mutual Funds
Yes Yes No No Yes
Trading - Simple Options
Yes Yes Yes Yes Yes
Trading - Complex Options
Yes Yes Yes Yes Yes
Trading - Option Rolling
No No Yes 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 Yes Yes
Stock Alerts - Advanced Fields
No Yes No No No
Charting - After Hours
Yes Yes Yes Yes Yes
Charting - Drawing
No No Yes Yes No
Charting - Study Customizations
Yes Yes Yes Yes Yes
Customizable Homescreen
No Yes No No Yes
Heatmapping
No Yes No No Yes
Stream Live TV
Yes Yes Yes No Yes
Barcode Lookup
No No Yes No Yes
Mobile Trading 4.5 4.5 4.5 4.5 5
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Research Overview

Feature Interactive Brokers Fidelity Investments TD Ameritrade TradeStation E*TRADE
Research - Stocks
Yes Yes Yes Yes Yes
Research - ETFs
Yes Yes Yes Yes Yes
Research - Mutual Funds
No Yes Yes No Yes
Research - Pink Sheets / OTCBB
Yes Yes Yes Yes Yes
Research - Fixed Income
Yes Yes Yes No Yes
Research - Futures
Yes Yes Yes Yes Yes
Research - Forex
Yes No Yes Yes No
Screener - Stocks
Yes Yes Yes Yes Yes
Screener - ETFs
Yes Yes Yes No Yes
Screener - Mutual Funds
No Yes Yes No Yes
Screener - Options
Yes Yes Yes Yes Yes
Screener - Bonds
Yes Yes Yes No Yes
Misc - Portfolio Builder
Yes Yes Yes No Yes
Misc - Portfolio Allocation
Yes Yes Yes No Yes
Research 3.5 5 5 1.5 4.5
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Stock Research

Feature Interactive Brokers Fidelity Investments TD Ameritrade TradeStation E*TRADE
Stock Research - Reports
1 12 7 0 4
Stock Research - Earnings
Yes Yes Yes No Yes
Stock Research - Insiders
Yes Yes Yes No Yes
Stock Research - Metric Comp
Yes Yes Yes No No
Stock Research - SEC Filings
Yes Yes Yes No Yes
Stock Research - Social
Yes Yes Yes No Yes
Stock Research - Balance Sheet
Yes Yes Yes No Yes
Stock Research - Cash Flows
Yes Yes Yes No Yes
Stock Research - News
Yes Yes Yes Yes Yes
Stock Research - ESG
Yes Yes No No No
Research 3.5 5 5 1.5 4.5
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Fund Research

Feature Interactive Brokers Fidelity Investments TD Ameritrade TradeStation E*TRADE
ETFs - Strategy Overview
Yes Yes Yes No Yes
ETFs - Top 10 Holdings
Yes Yes Yes No Yes
ETFs - Sector Exposure
Yes Yes Yes No Yes
ETFs - Risk Analysis
Yes Yes Yes No Yes
ETFs - Performance Analysis
Yes Yes Yes No Yes
ETFs - Ratings
Yes Yes Yes No Yes
ETFs - Morningstar StyleMap
No Yes Yes No Yes
ETFs - Reports
Yes Yes Yes No Yes
Mutual Funds - Strategy Overview
No Yes Yes No Yes
Mutual Funds - Prospectus
Yes Yes Yes No Yes
Mutual Funds - Reports
Yes No Yes No Yes
Mutual Funds - Fees Breakdown
Yes Yes Yes No Yes
Mutual Funds - Top 10 Holdings
No Yes Yes No Yes
Mutual Funds - Asset Allocation
No Yes Yes No Yes
Mutual Funds - Sector Allocation
No Yes Yes No Yes
Mutual Funds - Country Allocation
No Yes No No Yes
Mutual Funds - StyleMap
No Yes Yes No Yes
Mutual Funds - 3rd Party Ratings
No Yes Yes No Yes
Research 3.5 5 5 1.5 4.5
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Options Trading

Feature Interactive Brokers Fidelity Investments TD Ameritrade TradeStation E*TRADE
Option Chains - Streaming
Yes Yes Yes Yes Yes
Option Chains - Total Columns
37 26 33 32 30
Option Chains - Greeks
4 5 5 5 5
Option Chains - Quick Analysis
Yes Yes Yes Yes Yes
Option Analysis - P&L Charts
Yes Yes Yes Yes Yes
Option Probability Analysis
Yes Yes Yes Yes Yes
Option Probability Analysis Adv
Yes Yes Yes Yes Yes
Option Positions - Greeks
Yes Yes Yes Yes Yes
Option Positions - Adv Analysis
Yes Yes Yes Yes Yes
Option Positions - Rolling
Yes Yes Yes Yes Yes
Option Positions - Grouping
Yes Yes Yes Yes Yes
Platforms & Tools 4.5 4.5 5 4.5 4.5
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Investments

Feature Interactive Brokers Fidelity Investments TD Ameritrade TradeStation E*TRADE
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
8 4 4 4 4
Futures Trading
Yes No Yes Yes Yes
Forex Trading
No No Yes No No
Commission-Free ETFs 48 500 571 0 295
Mutual Funds (No Load)
7558 4031 5185 887 6266
Mutual Funds (Total)
11000 11782 12418 4357 9062
Bonds (US Treasury)
Yes Yes Yes Yes Yes
Bonds (Corporate)
Yes Yes Yes Yes Yes
Bonds (Municipal)
Yes Yes Yes Yes Yes
Advisor Services
No Yes Yes No Yes
International Trading
Yes Yes Yes No No
Offering of Investments 5 4.5 4.5 4 4.5
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Order Types

Feature Interactive Brokers Fidelity Investments TD Ameritrade TradeStation E*TRADE
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 No
Order Type - OCO
Yes Yes Yes Yes Yes
Order Type - OTO
Yes Yes Yes Yes Yes
Order Type - OTOCO
Yes Yes Yes Yes Yes
Offering of Investments 5 4.5 4.5 4 4.5
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Beginners

Feature Interactive Brokers Fidelity Investments TD Ameritrade TradeStation E*TRADE
Has Education - Stocks
Yes Yes Yes Yes Yes
Has Education - ETFs
No Yes Yes No Yes
Has Education - Options
Yes Yes Yes Yes Yes
Has Education - Mutual Funds
No Yes Yes No Yes
Has Education - Fixed Income
No Yes Yes No Yes
Has Education - Retirement
No Yes Yes No Yes
Paper Trading
Yes No Yes Yes Yes
Videos
Yes Yes Yes Yes Yes
Webinars (Monthly Avg)
20 8 500 30 12
Webinars (Archived)
Yes Yes Yes Yes Yes
Live Seminars
No Yes Yes Yes Yes
Progress Tracking
Yes Yes Yes No No
Interactive Learning - Quizzes
Yes Yes Yes No Yes
Investor Magazine
Yes Yes Yes Yes No
Education 3 5 5 3 4.5
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Banking

Feature Interactive Brokers Fidelity Investments TD Ameritrade TradeStation E*TRADE
Retail Locations
0 197 364 0 30
Member FDIC
No No No No Yes
Checking Accounts
Yes Yes Yes No Yes
Savings Accounts
No Yes No No Yes
Credit Cards
No Yes Yes No No
Debit Cards
Yes Yes Yes No Yes
Mortgage Loans
No No No No No
No Fee Banking
No Yes Yes No No
Banking 2 4 3 0.5 4
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Overall

Feature Interactive Brokers Fidelity Investments TD Ameritrade TradeStation E*TRADE
Interactive Brokers Review Fidelity Investments Review TD Ameritrade Review TradeStation Review E*TRADE Review
Overall 4 4.5 4.5 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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