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Online Brokerage Comparison Tool

StockBrokers.com | September 6th, 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.

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Overall Rating

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

Trading Fees

Feature TD Ameritrade Fidelity Interactive Brokers E*TRADE TradeStation
Minimum Deposit $0.00 $0.00 $0.00 $500.00 $500.00
Stock Trade Fee (per trade) $6.95 $4.95 N/A $6.95 $5.00
ETF Trade Fee $6.95 $4.95 $0.01 $6.95 $5.00
Options Base Fee $6.95 $4.95 $0.00 $6.95 $5.00
Options Per Contract Fee $0.75 $0.65 $0.70 $0.75 $0.50
Mutual Fund Trade Fee $49.99 $49.95 $14.95 $19.99 $14.95
Broker Assisted Trades Fee $44.99 $32.95 $30.00 $25.00 $50.00
Commissions & Fees 3.5 4 4.5 3.5 3.5
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Margin Rates

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

Feature TD Ameritrade Fidelity Interactive Brokers E*TRADE TradeStation
IRA Annual Fee $0.00 $0.00 $0.00 $0.00 $35.00
IRA Closure Fee $0.00 $0.00 $0.00 $60.00 $50.00
Returned ACH Fee $25.00 $0.00 N/A $0.00 $25.00
Returned Wire Fee $25.00 $0.00 N/A $0.00 $25.00
Stock Certificate Processing Fee $0.00 $0.00 N/A $0.00 $150.00
Stock Certificate Delivery Fee $500.00 $100.00 N/A $75.00 $15.00
Paper Statement Fee $0.00 $0.00 N/A $2.00 $1.00
Paper Confirmation Fee $0.00 $0.00 N/A $0.00 $1.00
Domestic Wire Fee $25.00 $0.00 $10.00 $25.00 $25.00
International Wire Fee $25.00 $0.00 $10.00 $25.00 $35.00
Commissions & Fees 3.5 4 4.5 3.5 3.5

Investment Options

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

Feature TD Ameritrade Fidelity Interactive Brokers E*TRADE TradeStation
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 No Yes
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 4.5 4.5 5 4.5 4
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Trading Platforms

Feature TD Ameritrade Fidelity Interactive Brokers E*TRADE TradeStation
Desktop Platform (Windows)
Yes Yes Yes Yes Yes
Desktop Platform (Mac)
Yes Yes Yes Yes No
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
514 91 453 125 335
Two-Factor Authentication Login
Yes Yes Yes Yes Yes
Heat Mapping
Yes Yes Yes No No
Platforms & Tools 5 4.5 4.5 4.5 4.5
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Charting Features

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

Feature TD Ameritrade Fidelity Interactive Brokers E*TRADE TradeStation
Stock Alerts - Basic Fields
Yes Yes Yes Yes Yes
Stock Alerts - Advanced Fields
Yes Yes No No Yes
Streaming Time & Sales
Yes Yes Yes Yes Yes
Streaming TV
Yes Yes Yes Yes No
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
No Yes Yes No Yes
Client Liquidity Rebates
No No Yes No Yes
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Mobile Trading Apps

Feature TD Ameritrade Fidelity Interactive Brokers E*TRADE TradeStation
iPhone App
Yes Yes Yes Yes Yes
Android App
Yes Yes Yes Yes Yes
Apple Watch App
Yes Yes Yes Yes No
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
No Yes Yes Yes No
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 Fidelity Interactive Brokers E*TRADE TradeStation
Watch List Syncing
Yes Yes Yes Yes Yes
Stock Alerts - Basic Fields
Yes Yes Yes Yes Yes
Charting - After Hours
Yes Yes Yes Yes Yes
Charting - Drawing
Yes No No No Yes
Charting - Study Customizations
Yes Yes Yes Yes Yes
Customizable Homescreen
No Yes No Yes No
Heatmapping
No Yes No Yes No
Stream Live TV
Yes Yes Yes Yes No
Barcode Lookup
Yes No No Yes No
Mobile Trading 4.5 4.5 4.5 5 4.5
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Research Overview

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

Feature TD Ameritrade Fidelity Interactive Brokers E*TRADE TradeStation
Stock Research - Reports
7 12 1 4 0
Stock Research - Earnings
Yes Yes Yes Yes No
Stock Research - Insiders
Yes Yes Yes Yes No
Stock Research - Metric Comp
Yes Yes Yes No 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
No Yes Yes No No
Research 5 5 3.5 4.5 1.5
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ETF Research

Feature TD Ameritrade Fidelity Interactive Brokers E*TRADE TradeStation
ETFs - Strategy Overview
Yes Yes Yes Yes No
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 No
ETFs - Ratings
Yes Yes Yes Yes No
ETFs - Morningstar StyleMap
Yes Yes No Yes No
ETFs - Reports
Yes Yes Yes Yes No
Research 5 5 3.5 4.5 1.5
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Mutual Fund Research

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

Feature TD Ameritrade Fidelity Interactive Brokers E*TRADE TradeStation
Option Chains - Streaming
Yes Yes Yes Yes Yes
Option Chains - Total Columns
33 26 37 30 32
Option Chains - Greeks
5 5 4 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 5 4.5 4.5 4.5 4.5
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Beginners

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

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

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