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Our top alternative brokers to TD Ameritrade
E*TRADE
4.9
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Charles Schwab
4.8
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Our top alternative brokers to TD Ameritrade
E*TRADE
4.9
Visit broker
Charles Schwab
4.8
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TD Ameritrade Alternatives

The best alternatives to TD Ameritrade are

  1. E*TRADE - US stockbroker
  2. Charles Schwab - US discount broker
  3. Fidelity - US stockbroker
  4. Merrill Edge - US discount broker

Let's see in a bit more detail how the TD Ameritrade alternatives compare to TD Ameritrade and each other:

TD Ameritrade alternatives comparison
TD Ameritrade E*TRADE Charles Schwab Fidelity Merrill Edge
Overall score 4.9 4.9 4.8 4.9 4.8
Fees score 4.3 stars 4.4 stars 4.4 stars 4.2 stars 4.4 stars
Account opening score 3.6 stars 4.4 stars 4.4 stars 3.6 stars 5.0 stars
Deposit and withdrawal score 2.2 stars 2.2 stars 2.2 stars 3.8 stars 2.2 stars
Web platform score 4.3 stars 4.5 stars 4.3 stars 4.5 stars 4.3 stars
Markets and products score 4.0 stars 3.1 stars 3.3 stars 3.9 stars 2.3 stars
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Why are these brokers considered good alternatives to TD Ameritrade? There are many areas based on which TD Ameritrade can be compared with others. When we say a given online broker is a good alternative to TD Ameritrade we mean these brokers are comparable in the following areas:

  • The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
  • The type of clients they target, i.e. beginners, experienced investors, or day traders.

TD Ameritrade alternatives recommendations

Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:

  • TD Ameritrade is recommended for investors and traders looking for solid research and a well-equipped desktop trading platform
  • E*TRADE is recommended for investors and traders looking for solid research and a great mobile trading platform
  • Charles Schwab is recommended for investors and traders looking for solid research, low fees and great customer service
  • Fidelity is recommended for investors and traders looking for solid research and great trading platforms
  • Merrill Edge is recommended for investors and traders who looking for low fees, quick account opening, and simple platforms

Important factors of finding TD Ameritrade alternatives

So far BrokerChooser has reviewed 84 online brokers in detail, which gives this comparison a solid starting point.

Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

  • open a live account
  • check over 100 criteria, with weighting based on readers' preferences
  • refresh data regularly

Whether TD Ameritrade or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:

Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. TD Ameritrade is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost TD Ameritrade alternative.

Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you cannot make a deposit with your credit card at TD Ameritrade, some alternatives might allow you to do that.

Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given TD Ameritrade alternative is a must.


Now let's dive into the details of how TD Ameritrade and its alternatives perform in the most important areas!

TD Ameritrade alternatives
TD Ameritrade

TD Ameritrade was founded in 1975 and is one of the biggest US-based stockbrokers. It is regulated by top-tier authorities like the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) and the Commodity Futures Trading Commission (CFTC).

TD Ameritrade is considered a safe broker since it has a long track record, is listed on a stock exchange, has a banking background, discloses its financials, and is overseen by top-tier regulators.

Recommended for investors and traders looking for solid research and a well-equipped desktop trading platform

Pros Cons
Low trading fees (free stock and ETF trading) You can trade only on US markets
Superb desktop trading platform Accounts mostly limited to US residents
Great customer support No credit/debit cards and electronic wallets for money transfer

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Fees
4.3

TD Ameritrade offers free stock and ETF trading, while forex, bond and options fees are also low. On the other hand, it charges high fees for mutual funds and futures.
Pros Cons
Low trading fees High fund fees
Low non-trading fees
Free stocks and ETFs
TD Ameritrade alternatives trading fees
TD Ameritrade E*TRADE Charles Schwab Fidelity Merrill Edge
US stock $0.0 $0.0 $0.0 $0.0 $0.0
UK stock - - - $11.7 -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k

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Account opening
3.6

TD Ameritrade offers many different account types, and there is no minimum deposit for US citizens.
Pros Cons
Fully digital None
No minimum deposit
Many account types
TD Ameritrade alternatives minimum deposit and account open times
TD Ameritrade E*TRADE Charles Schwab Fidelity Merrill Edge
Minimum deposit $0 $0 $0 $0 $0
Time to open account 1-3 days 1-3 days 1 day 1-3 days 1 day

Learn more about TD Ameritrade minimum deposit here.

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Deposit and withdrawal
2.2

TD Ameritrade has user-friendly account funding with no deposit fees, but USD is the only available base currency, and wire transfers incur a high fee.
Pros Cons
Free withdrawal Credit/Debit card not available
No deposit fee Only one account base currency
User-friendly High withdrawal fee for wire transfers
TD Ameritrade and alternatives withdrawal options and fees
TD Ameritrade E*TRADE Charles Schwab Fidelity Merrill Edge
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No No No
Electronic wallets No No No Yes No
Withdrawal fee $0 $0 $0 $0 $0

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Web trading platform
4.3

TD Ameritrade offers a good web trading platform with a clean design. On the flip side, the platform is not customizable.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Two-step (safer) login
Good variety of order types
TD Ameritrade - Web trading platform
TD Ameritrade and alternatives trading platform scores
TD Ameritrade E*TRADE Charles Schwab Fidelity Merrill Edge
Web platform score 4.3 stars 4.5 stars 4.3 stars 4.5 stars 4.3 stars
Mobile platform score 4.8 stars 4.5 stars 4.2 stars 4.5 stars 4.8 stars
Desktop platform score 4.5 stars - 4.0 stars 3.8 stars -

Learn more about TD Ameritrade's web trading platform in the detailed TD Ameritrade review.

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Markets and products
4.0

You can trade many asset classes, from stocks to futures and forex, while nice extras include social trading and robo-advisory. On the other hand, only the US market is covered.
TD Ameritrade and alternatives markets and products
TD Ameritrade E*TRADE Charles Schwab Fidelity Merrill Edge
Stock Yes Yes Yes Yes Yes
ETF Yes Yes Yes Yes Yes
Forex Yes No No No No
Fund Yes Yes Yes Yes Yes
Bond Yes Yes Yes Yes Yes
Options Yes Yes Yes Yes Yes
Futures Yes Yes Yes No No
CFD No No No No No
Crypto Yes Yes Yes No No

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Verdict

TD Ameritrade is one of the biggest US online brokers. It charges no commission on stock and ETF trades.

Research and education are outstanding at TD Ameritrade, offering you many useful tools. The 'thinkorswim' desktop trading platform is one of the best on the marketCustomer service is great, you will get relevant answers within a short time.

TD Ameritrade has some drawbacks, though. It charges high financing (margin) rates, and it doesn't accept credit/debit cards and electronic wallets for money transfers. Furthermore, the product portfolio covers only the US markets.

TD Ameritrade offers great education tools including a demo account, so we definitely recommend giving them a try.

TD Ameritrade
Summary TD Ameritrade is a US stockbroker regulated by top-tier authorities SEC and FINRA. The company is listed on NASDAQ and has a banking background as part of the TD Group.
Fees score 4.3 stars
Recommended for Investors and traders looking for solid research and a well-equipped desktop trading platform

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TD Ameritrade alternatives
E*TRADE

E*TRADE is a US-based stockbroker founded in 1982. It is regulated by top-tier financial authorities like the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

E*TRADE is considered safe because it has a long track record, is listed on a stock exchange, has a banking background, discloses its financials, and is overseen by top-tier US regulators.

In February 2020, E*TRADE was acquired by Morgan Stanley. To find out more about the motives behind the acquisition and about the wider market context, check out this article we wrote about the deal.

Recommended for investors and traders looking for solid research and a great mobile trading platform

Pros Cons
Low trading fees (free stock and ETF trading) Only US markets, no forex
User-friendly mobile trading platform Only bank transfer
Great research tools Slow live chat

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Fees
4.4

E*TRADE offers free trading of stocks, ETFs, and some bonds and mutual funds. Non-trading fees are also low. On the negative side, fees for mutual funds that aren't free are high.
Pros Cons
Free stock and ETF trading High fees for non-free mutual funds
Some mutual funds and bonds are free
Low non-trading fees
TD Ameritrade vs. E*TRADE: Trading fees
E*TRADE TD Ameritrade
Apple benchmark fee $0.3 $0.3
Vodafone benchmark fee - -
EURUSD benchmark fee - $7.0

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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Account opening
4.4

Account opening at E*TRADE (only available for US clients) is fully digital and user-friendly, but the account verification process is slow.
Pros Cons
Fully digital Slow account verification
No minimum deposit
User-friendly
TD Ameritrade vs. E*TRADE: Minimum deposit, time to open an account
E*TRADE TD Ameritrade
Minimum deposit $0 $0
Time to open account 1-3 days 1-3 days

If you are interested more in E*TRADE minimum deposit, this overview will help you.

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Deposit and withdrawal
2.2

E*TRADE charges no deposit fees, and transferring money is easy. On the flip side, you can only use bank transfer, and a high fee is charged for wire transfer withdrawals.
Pros Cons
No deposit fee Credit/Debit card not available
User-friendly High fee for wire transfer withdrawal
TD Ameritrade vs. E*TRADE: Withdrawal options
E*TRADE TD Ameritrade
Bank transfer Yes Yes
Credit/debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

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Web trading platform
4.5

E*TRADE has a great, user-friendly web trading platform, offering a clear fee report among others. On the negative side, it cannot be customized.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report
Two-step (safer) login
Web trading platform of E*TRADE, a TD Ameritrade alternative
TD Ameritrade vs. E*TRADE: Trading platform scores
E*TRADE TD Ameritrade
Web platform score 4.5 stars 4.3 stars
Mobile platform score 4.5 stars 4.8 stars
Desktop platform score - 4.5 stars

Learn more about E*TRADE's web trading platform in the detailed E*TRADE review.

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Markets and products
3.1

You can trade plenty of asset classes at E*TRADE from stocks to futures, but only on the US market; in addition, forex trading is not available.
TD Ameritrade vs. E*TRADE: Markets and products
E*TRADE TD Ameritrade
Stock Yes Yes
ETF Yes Yes
Forex No Yes
Fund Yes Yes
Bond Yes Yes
Options Yes Yes
Futures Yes Yes
CFD No No
Crypto Yes Yes

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Verdict

E*TRADE is one of the biggest US stockbrokers, and is regulated by top-tier authorities.

At the end of 2019, riding the commission-free trading trend in the US, E*TRADE introduced zero commission on stock and ETF trades. E*TRADE's research functions are of high quality and channel a lot of tools, including trading ideas and strategy builders. We liked the easy handling and the customizable features of the mobile trading platform.

E*TRADE has some drawbacks though. It doesn't accept credit/debit cards and electronic wallets for money transfers, and its product portfolio covers only US markets. In addition, live chat support is slow.

As trading fees are generally low, research tools are great and no inactivity fee is charged, you should feel free to try E*TRADE.

E*TRADE
Summary E*TRADE is a US stockbroker regulated by top-tier authorities SEC and FINRA. The company is listed on NASDAQ and has a banking background.
Fees score 4.4 stars
Recommended for Investors and traders looking for solid research and a great mobile trading platform

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TD Ameritrade alternatives
Charles Schwab

Charles Schwab is a US discount broker that was founded in 1971 and is listed on the New York Stock Exchange.

It is regulated by several top-tier financial authorities, such as the US Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) and the UK's Financial Conduct Authority (FCA).

Recommended for investors and traders looking for solid research, low fees and great customer service

Pros Cons
Free stock and ETF trading High fees for some mutual funds
Outstanding research Only US/Canada markets available
Great customer service Poorly-structured educational platform

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Fees
4.4

Charles Schwab offers free stock and ETF trading, some mutual funds and bonds are also free, while non-trading fees are low. On the negative side, some mutual fund fees are high.
Pros Cons
Free stock/ETF trading High fees for non-free mutual funds
Some mutual funds and bonds are free
Low non-trading fees
TD Ameritrade vs. Charles Schwab: Trading fees
Charles Schwab TD Ameritrade
Apple benchmark fee $0.3 $0.3
Vodafone benchmark fee - -
EURUSD benchmark fee - $7.0

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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Account opening
4.4

Opening an account at Charles Schwab is easy, fast and fully digital. There is no minimum deposit for US clients, but other clients have to transfer a $25,000 minimum to start.
Pros Cons
Fast $25,000 minimum deposit for non-US clients
Fully digital
No minimum deposit
TD Ameritrade vs. Charles Schwab: Minimum deposit, time to open an account
Charles Schwab TD Ameritrade
Minimum deposit $0 $0
Time to open account 1 day 1-3 days

If you are interested more in Charles Schwab minimum deposit, this overview will help you.

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Deposit and withdrawal
2.2

Funding your account is easy and user-friendly at Charles Schwab and there is no deposit fee. However, you can only use bank transfer and there is a high fee for wire withdrawals.
Pros Cons
No deposit fee High fee for wire (bank transfer) withdrawals
User-friendly
TD Ameritrade vs. Charles Schwab: Withdrawal options
Charles Schwab TD Ameritrade
Bank transfer Yes Yes
Credit/debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

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Web trading platform
4.3

Charles Schwab offers a good web-based trading platform with a clean design. On the negative side, the platform is not customizable.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report
Price alerts
Web trading platform of Charles Schwab, a TD Ameritrade alternative
TD Ameritrade vs. Charles Schwab: Trading platform scores
Charles Schwab TD Ameritrade
Web platform score 4.3 stars 4.3 stars
Mobile platform score 4.2 stars 4.8 stars
Desktop platform score 4.0 stars 4.5 stars

Learn more about Charles Schwab's web trading platform in the detailed Charles Schwab review.

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Markets and products
3.3

At Charles Schwab, you can trade a lot of different asset classes, from stocks to futures. Unfortunately, the product portfolio covers only US and Canadian markets.
TD Ameritrade vs. Charles Schwab: Markets and products
Charles Schwab TD Ameritrade
Stock Yes Yes
ETF Yes Yes
Forex No Yes
Fund Yes Yes
Bond Yes Yes
Options Yes Yes
Futures Yes Yes
CFD No No
Crypto Yes Yes

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Verdict

Charles Schwab is one of the biggest discount US brokers, regulated by top-tier authorities.

It was one of the first brokers, starting in late 2019, to charge no commissions for stock and ETF trades. Its research is outstanding, covering many tools, including trading ideas, Morgan Stanley analyst reports on equities, and detailed fundamental data. Customer service is great, providing relevant answers within a short time.

It does have some drawbacks, though. Except for the around 4,000 mutual funds that are free to trade, mutual fund costs are high and the product portfolio covers only US and Canadian markets. Lastly, the educational platform is not well-structured.

As trading and non-trading fees are generally low, research tools are great and the account opening is seamless, feel free to try Charles Scwhab.

Charles Schwab
Summary Charles Schwab is a US discount broker, regulated by top-tier US authorities the SEC and FINRA. The company is listed on the New York Stock Exchange and holds a banking license.
Fees score 4.4 stars
Recommended for Investors and traders looking for solid research, low fees and great customer service

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TD Ameritrade alternatives
Fidelity

Fidelity is a US stockbroker founded in 1946. It is regulated by top-tier authorities like the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Fidelity is considered safe because it has a long track record and is regulated by top-tier financial authorities.

Recommended for investors and traders looking for solid research and great trading platforms

Pros Cons
Commission-free US stocks and ETFs High mutual fund fees and margin rates
Great trading platforms and research Slower account verification
US and international stocks Slow live chat

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Fees
4.2

Fidelity has low trading and non-trading fees, including commission-free stock trading. On the negative side, margin rates and fees for some mutual funds can be high.
Pros Cons
Free stock and ETF trading High fees for non-free mutual funds
Low bond fees High margin fees
No inactivity fee
TD Ameritrade vs. Fidelity: Trading fees
Fidelity TD Ameritrade
Apple benchmark fee $0.3 $0.3
Vodafone benchmark fee $24.1 -
EURUSD benchmark fee - $7.0

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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Account opening
3.6

Opening an account at Fidelity is easy and there is no minimum deposit. You can also choose among many account types. However, account verification is a bit slow.
Pros Cons
No minimum deposit Slower account verification
User-friendly Not fully digital in some cases
Many account types
TD Ameritrade vs. Fidelity: Minimum deposit, time to open an account
Fidelity TD Ameritrade
Minimum deposit $0 $0
Time to open account 1-3 days 1-3 days

If you are interested more in Fidelity minimum deposit, this overview will help you.

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Deposit and withdrawal
3.8

Fidelity offers an exceptionally wide range of base currencies. On the negative side, credit/debit cards are not accepted.
Pros Cons
Free withdrawal Credit/Debit card not available
No deposit fee
Several account base currencies
TD Ameritrade vs. Fidelity: Withdrawal options
Fidelity TD Ameritrade
Bank transfer Yes Yes
Credit/debit card No No
Electronic wallets Yes No
Withdrawal fee $0 $0

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Web trading platform
4.5

Fidelity's web platform is easy to use, has many order types and provides two-step authentication. On the negative side, it is not customizable.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report
Two-step (safer) login
Web trading platform of Fidelity, a TD Ameritrade alternative
TD Ameritrade vs. Fidelity: Trading platform scores
Fidelity TD Ameritrade
Web platform score 4.5 stars 4.3 stars
Mobile platform score 4.5 stars 4.8 stars
Desktop platform score 3.8 stars 4.5 stars

Learn more about Fidelity's web trading platform in the detailed Fidelity review.

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Markets and products
3.9

Fidelity offers a lot of different trading products, from stocks to options, including international stocks. However, forex and futures trading is not available.
TD Ameritrade vs. Fidelity: Markets and products
Fidelity TD Ameritrade
Stock Yes Yes
ETF Yes Yes
Forex No Yes
Fund Yes Yes
Bond Yes Yes
Options Yes Yes
Futures No Yes
CFD No No
Crypto No Yes

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Verdict

Fidelity is one of the biggest US stockbrokers and is regulated by top-tier authorities.

Fidelity offers commission-free US stocks and ETFs. The trading platforms and research are outstanding, with many tools including trading ideas and detailed fundamental data. The offered range of products includes international stock exchanges in addition to the US market, which is not common among US brokers.

Fidelity has some drawbacks, though. Some mutual funds have high fees, and the margin rates are high as well. The account verification process and live chat support are both a bit slow. 

As it has great research tools, a user-friendly web trading platform, and charges no inactivity fee, feel free to try Fidelity's services.

Fidelity
Summary Fidelity is a US stockbroker. It is regulated by top-tier authorities SEC and FINRA.
Fees score 4.2 stars
Recommended for Investors and traders looking for solid research and great trading platforms

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TD Ameritrade alternatives
Merrill Edge

Merrill Edge is a US-based stockbroker founded in 2010 by Bank of America (BofA). BofA acquired Merrill Lynch during the 2008 financial crisis, and the rationale for launching Merrill Edge was to combine its online investing arm and Merrill Lynch's investment expertise. Merrill Edge offers US stocks, ETFs, options, and bonds. It is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Merrill Edge is considered safe because its parent company is a bank with a long track record and solid reputation, it discloses its financials, and is regulated by top-tier regulators. 

Recommended for investors and traders who looking for low fees, quick account opening, and simple platforms

Pros Cons
Low trading fees Limited to US clients and products
Easy and seamless account opening No demo account
Strong parent company Limited options to deposit/withdraw

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Fees
4.4

Merrill Edge has low trading and non-trading fees, including commission-free stock and ETF trades. On the other hand, financing/margin rates are quite high.
Pros Cons
Low trading fees High financing rate
Low non-trading fees
Low stock and ETF fees / Free stock trading
TD Ameritrade vs. Merrill Edge: Trading fees
Merrill Edge TD Ameritrade
Apple benchmark fee $0.3 $0.3
Vodafone benchmark fee - -
EURUSD benchmark fee - $7.0

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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Account opening
5.0

Account opening at Merrill Edge is seamless and fully digital, it took us less than one day to have an open account. Only US clients are accepted.
Pros Cons
Fast Only US clients are accepted
Fully digital
No minimum deposit
TD Ameritrade vs. Merrill Edge: Minimum deposit, time to open an account
Merrill Edge TD Ameritrade
Minimum deposit $0 $0
Time to open account 1 day 1-3 days

If you are interested more in Merrill Edge minimum deposit, this overview will help you.

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Deposit and withdrawal
2.2

Merrill Edge has an easy-to-use deposit and withdrawal system with a bank account connection. Unfortunately, credit/debit cards cannot be used to fund the account, and there is only USD as a base currency.
Pros Cons
Free withdrawal Credit/Debit card not available
No deposit fee Only one account base currency
User-friendly Slow withdrawal - over 3 days
TD Ameritrade vs. Merrill Edge: Withdrawal options
Merrill Edge TD Ameritrade
Bank transfer Yes Yes
Credit/debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

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Web trading platform
4.3

Merrill Edge has a user-friendly and simple trading platform, with options for secure login and for setting price alerts. However, it offers only limited customizability and the search function is not so advanced.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report
Two-step (safer) login
Web trading platform of Merrill Edge, a TD Ameritrade alternative
TD Ameritrade vs. Merrill Edge: Trading platform scores
Merrill Edge TD Ameritrade
Web platform score 4.3 stars 4.3 stars
Mobile platform score 4.8 stars 4.8 stars
Desktop platform score - 4.5 stars

Learn more about Merrill Edge's web trading platform in the detailed Merrill Edge review.

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Markets and products
2.3

Merrill Edge has a limited product portfolio that consists of stocks, ETFs, mutual funds, and bonds. Unfortunately, the product lineup covers only the US market. The broker offers a lower diversity of products in general compared to its competition.
TD Ameritrade vs. Merrill Edge: Markets and products
Merrill Edge TD Ameritrade
Stock Yes Yes
ETF Yes Yes
Forex No Yes
Fund Yes Yes
Bond Yes Yes
Options Yes Yes
Futures No Yes
CFD No No
Crypto No Yes

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Verdict

Overall, Merrill Edge is a solid, easy to use trading platform created by Bank of America, one of the US's largest banks.

We rated Merrill Edge highly due to its low fees, easy process of account-opening, and safety. 

Some of the drawbacks include limited product offerings, research capabilities, and deposit/withdrawal options.

As trading and non-trading fees are generally low, the research tools are great and the account opening is seamless, feel free to try it.

 

Merrill Edge
Summary Merrill Edge is a US based broker owned by Bank of America (BofA). It is regulated by the top-tier SEC and Finra and BofA is listed on the NYSE.
Fees score 4.4 stars
Recommended for Investors and traders who looking for low fees, quick account opening, and simple platforms

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TD Ameritrade alternatives
Bottom line

Based on our analysis, there are several good alternatives to TD Ameritrade. They all offer similar products and target similar customers. Here's a recap of the results in a table.

TD Ameritrade alternatives
Broker Info Recommended for
TD Ameritrade US-based stockbroker Investors and traders looking for solid research and a well-equipped desktop trading platform
E*TRADE US stockbroker Investors and traders looking for solid research and a great mobile trading platform
Charles Schwab US discount broker Investors and traders looking for solid research, low fees and great customer service
Fidelity US stockbroker Investors and traders looking for solid research and great trading platforms
Merrill Edge US discount broker Investors and traders who looking for low fees, quick account opening, and simple platforms

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.

Author of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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