TD Ameritrade vs E*TRADE

Comparing TD Ameritrade vs E*TRADE is likely one of the most common comparisons investors make when choosing an online discount broker. Because both brokerage houses were among the earliest online brokers to offer stock trading to retail investors, TD Ameritrade and E*TRADE have become two of the largest and most recognizable brands in the industry.

In this review, we will compare E*TRADE vs TD Ameritrade in the following categories: commissions and trading fees, features, trading platforms and technology, research tools, customer support, promotions and margin rates.

TD Ameritrade vs E*TRADE: Trading and Account Fees

TD AMERITRADE:

  • Stocks and ETFs: $6.95
  • Options: $6.95 + $0.75 per contract
  • Mutual Funds: $49.99
  • Broker-Assisted Orders: $44.99
  • Account Minimum: $0.00
  • IRAs: No Fees
  • IRA Account Minimum: $0.00
  • No inactivity, account maintenance or hidden fees.

E*TRADE:

  • Stocks and ETFs: $6.95
  • Options: $6.95 + $0.75 per contract
  • Mutual Funds: $19.99
  • Broker-Assisted Orders: $25.00
  • Account Minimum: $500
  • IRAs: No Fees
  • IRA Account Minimum: $0.00
  • No inactivity, account maintenance or hidden fees.

E*TRADE vs TD Ameritrade: Features

TD AMERITRADE:

  • Two excellent and very powerful trading platforms (ThinkorSwim and Trade Architect).
  • Desktop and web-based platforms.
  • Free real-time streaming quotes.
  • Access to over 13,000 mutual funds.
  • 100+ commission-free ETFs.
  • No access to international markets or trading.
  • 24/7 customer service and real-time support.
  • 125+ branch offices nationwide.
  • Access to independent research reports, including Standard & Poor’s, Morningstar, TheStreet, etc.
  • Free dividend reinvestment program (DRIP).
  • Access to myTRADE investor community, where traders share ideas and strategies.
  • Margin Rates: 9.00% to 6.25%

Trade Types

  • Stock Trading
  • Options Trading
  • Mutual Funds
  • FOREX Trading
  • Futures Trading

Mobile Trading

  • iPhone, iPad and Android Apps
  • Mobile Trading Platform and Tools

E*TRADE:

  • One of the best trading platforms – flexible, user-friendly, intuitive, fast, and reliable.
  • Desktop and web-based platforms.
  • Free real-time quotes.
  • Access to over 8,000 mutual funds.
  • 110+ commission-free ETFs.
  • International investing in Europe, Asia, and Canada.
  • 24/7 customer service.
  • Managed accounts with at least $25,000 in deposits.
  • Extensive research, including 3rd-party reports and analysis (i.e. Morningstar).
  • Active traders get lower commissions.
  • Separate platforms for investors with higher balances.
  • Margin Rates: 8.44% to 3.89%

Trade Types

  • Stock Trading
  • Options Trading
  • Mutual Funds
  • FOREX Trading
  • Futures Trading

Mobile Trading

  • iPhone, iPad and Android Apps
  • Mobile Trading Platform and Tools

Promotions

TD AMERITRADE:

  • Free Trades for 60 days and up to $600 cash

E*TRADE:

  • Up to $2,500 Cash Bonus & 60 Days of Free Trades
  • Up to $2,500 with an E*Trade IRA Account

Margin Rates

TD AMERITRADE:

  • Under $10K: 9.00%
  • $10K-$25K: 8.75%
  • $25K-$50K: 8.50%
  • $50K-$100K: 7.50%
  • $100K-$250K: 7.25%
  • $250K-$999K: 7.00%
  • $1,000,000+: 6.25%

E*TRADE:

  • Under $25K: 8.44%
  • $25K-$49K: 7.94%
  • $50K-$99K: 7.44%
  • $100K-$249K: 6.14%
  • $250K-$499K: 5.14%
  • $500K-$999K: 4.14%
  • $1,000,000+: 3.89%

TD Ameritrade vs E*TRADE: Comparison Summary