
The best alternatives to TD Ameritrade are
- Charles Schwab - US discount broker
- E*TRADE - US stockbroker
- Fidelity - US stockbroker
- Interactive Brokers - 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 | Charles Schwab | E*TRADE | Fidelity | Interactive Brokers | |
---|---|---|---|---|---|
Overall score | 4.9 | 4.8 | 4.9 | 4.9 | 4.9 |
Fees score | 4.3 stars | 4.4 stars | 4.4 stars | 4.2 stars | 4.2 stars |
Account opening score | 3.6 stars | 4.4 stars | 4.4 stars | 3.6 stars | 3.4 stars |
Deposit and withdrawal score | 2.2 stars | 2.2 stars | 2.2 stars | 3.8 stars | 3.5 stars |
Web platform score | 4.3 stars | 4.3 stars | 4.5 stars | 4.5 stars | 4.5 stars |
Markets and products score | 4.0 stars | 3.3 stars | 3.1 stars | 3.9 stars | 5.0 stars |
Open account | Open account |
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
- Charles Schwab is recommended for investors and traders looking for solid research, low fees and great customer service
- E*TRADE is recommended for investors and traders looking for solid research and a great mobile trading platform
- Fidelity is recommended for investors and traders looking for solid research and great trading platforms
- Interactive Brokers is recommended for traders looking for low fees and a professional trading environment
Important factors of finding TD Ameritrade alternatives
So far BrokerChooser has reviewed 79 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 |
Fees
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 | Charles Schwab | E*TRADE | Fidelity | Interactive Brokers | |
---|---|---|---|---|---|
US stock | $0.0 | $0.0 | $0.0 | $0.0 | $1.0 |
UK stock | - | - | - | $11.7 | $7.8 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k
Account opening
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 | Charles Schwab | E*TRADE | Fidelity | Interactive Brokers | |
---|---|---|---|---|---|
Minimum deposit | $0 | $0 | $0 | $0 | $0 |
Time to open account | 1-3 days | 1 day | 1-3 days | 1-3 days | 1-3 days |
Learn more about TD Ameritrade minimum deposit here.
Deposit and withdrawal
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 | Charles Schwab | E*TRADE | Fidelity | Interactive Brokers | |
---|---|---|---|---|---|
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 |
Web trading platform
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 | Charles Schwab | E*TRADE | Fidelity | Interactive Brokers | |
---|---|---|---|---|---|
Web platform score | 4.3 stars | 4.3 stars | 4.5 stars | 4.5 stars | 4.5 stars |
Mobile platform score | 4.8 stars | 4.2 stars | 4.5 stars | 4.5 stars | 3.8 stars |
Desktop platform score | 4.5 stars | 4.0 stars | - | 3.8 stars | 3.0 stars |
Learn more about TD Ameritrade's web trading platform in the detailed TD Ameritrade review.
Markets and products
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 | Charles Schwab | E*TRADE | Fidelity | Interactive Brokers | |
---|---|---|---|---|---|
Stock | Yes | Yes | Yes | Yes | Yes |
ETF | Yes | Yes | Yes | Yes | Yes |
Forex | Yes | No | No | No | Yes |
Fund | Yes | Yes | Yes | Yes | Yes |
Bond | Yes | Yes | Yes | Yes | Yes |
Options | Yes | Yes | Yes | Yes | Yes |
Futures | Yes | Yes | Yes | No | Yes |
CFD | No | No | No | No | Yes |
Crypto | Yes | Yes | Yes | No | Yes |
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 market. Customer 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 market.
As TD Ameritrade offers great education tools including a demo account. We encourage you to try it.
TD Ameritrade | |
---|---|
Summary | TD Ameritrade is a US stockbroker, regulated by top-tier authorities the 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 |
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 |
Fees
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 |
Charles Schwab | TD Ameritrade | |
---|---|---|
Apple benchmark fee | $0.3 | $0.3 |
Vodafone benchmark fee | - | - |
EURUSD benchmark fee | - | $6.8 |
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
Account opening
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 |
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.
Deposit and withdrawal
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 |
Charles Schwab | TD Ameritrade | |
---|---|---|
Bank transfer | Yes | Yes |
Credit/debit card | No | No |
Electronic wallets | No | No |
Withdrawal fee | $0 | $0 |
Web trading platform
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 |

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.
Markets and products
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.
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 |
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 the 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
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 |
Fees
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 |
E*TRADE | TD Ameritrade | |
---|---|---|
Apple benchmark fee | $0.3 | $0.3 |
Vodafone benchmark fee | - | - |
EURUSD benchmark fee | - | $6.8 |
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
Account opening
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 |
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.
Deposit and withdrawal
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 |
E*TRADE | TD Ameritrade | |
---|---|---|
Bank transfer | Yes | Yes |
Credit/debit card | No | No |
Electronic wallets | No | No |
Withdrawal fee | $0 | $0 |
Web trading platform
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 |

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.
Markets and products
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.
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 |
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 the 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 |
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 |
Fees
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 |
Fidelity | TD Ameritrade | |
---|---|---|
Apple benchmark fee | $0.3 | $0.3 |
Vodafone benchmark fee | $24.1 | - |
EURUSD benchmark fee | - | $6.8 |
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
Account opening
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 |
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.
Deposit and withdrawal
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 |
Fidelity | TD Ameritrade | |
---|---|---|
Bank transfer | Yes | Yes |
Credit/debit card | No | No |
Electronic wallets | Yes | No |
Withdrawal fee | $0 | $0 |
Web trading platform
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 |

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.
Markets and products
Fidelity offers a lot of different trading products, from stocks to options, including international stocks. However, forex and futures trading is not available.
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 |
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 the SEC and FINRA. |
Fees score | 4.2 stars |
Recommended for | Investors and traders looking for solid research and great trading platforms |
TD Ameritrade alternatives
Interactive Brokers
Interactive Brokers was founded in 1978 and is one of the biggest US-based discount brokers. The broker is regulated by several financial authorities globally, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC).
As it has licenses from multiple top-tier regulators, Interactive Brokers is considered safe. Having a long track record and publicly disclosed financials while being listed on a stock exchange are also great signs for its safety.
Recommended for traders looking for low fees and a professional trading environment
Pros | Cons |
---|---|
• Low trading fees | • Complicated account opening process |
• Wide range of products | • Complex desktop trading platform |
• Many great research tools | • High forex fees |
Fees
Interactive Brokers has low trading fees; for US clients, stock and ETF trading is free. On the negative side, there is a high inactivity fee for non-US clients.
Pros | Cons |
---|---|
• Low trading fees | • Inactivity fee |
• Free stock and ETF trading for US clients | |
• Low margin rates |
Interactive Brokers | TD Ameritrade | |
---|---|---|
Apple benchmark fee | $2.3 | $0.3 |
Vodafone benchmark fee | $16.3 | - |
EURUSD benchmark fee | $11.2 | $6.8 |
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
Account opening
IB's account opening process is fully digital and the required minimum deposit is low. On the negative side, the process is complicated, and account verification takes relatively long.
Pros | Cons |
---|---|
• Fully digital | • Not user-friendly |
• No minimum deposit for most account types | • Confusing messages throughout the process |
Interactive Brokers | TD Ameritrade | |
---|---|---|
Minimum deposit | $0 | $0 |
Time to open account | 1-3 days | 1-3 days |
If you are interested more in Interactive Brokers minimum deposit, this overview will help you.
Deposit and withdrawal
Interactive Brokers offers many account base currency options and one free withdrawal per month. The main drawback is that you can only use bank transfer.
Pros | Cons |
---|---|
• No deposit fee | • Credit/Debit card not available |
• Several account base currencies | |
• First withdrawal each month free |
Interactive Brokers | TD Ameritrade | |
---|---|---|
Bank transfer | Yes | Yes |
Credit/debit card | No | No |
Electronic wallets | No | No |
Withdrawal fee | $0 | $0 |
Web trading platform
Interactive Brokers's web platform is simple and easy to use, even for beginners. On the negative side, it is not customizable.
Pros | Cons |
---|---|
• User-friendly | • Limited customizability (for charts, workspace) |
• Clear fee report | |
• Two-step (safer) login |

Interactive Brokers | TD Ameritrade | |
---|---|---|
Web platform score | 4.5 stars | 4.3 stars |
Mobile platform score | 3.8 stars | 4.8 stars |
Desktop platform score | 3.0 stars | 4.5 stars |
Learn more about Interactive Brokers's web trading platform in the detailed Interactive Brokers review.
Markets and products
Through Interactive Brokers, you can access an extremely wide range of markets, and all product types are available.
Interactive Brokers | TD Ameritrade | |
---|---|---|
Stock | Yes | Yes |
ETF | Yes | Yes |
Forex | Yes | Yes |
Fund | Yes | Yes |
Bond | Yes | Yes |
Options | Yes | Yes |
Futures | Yes | Yes |
CFD | Yes | No |
Crypto | Yes | Yes |
Verdict
Interactive Brokers is one of the biggest US-based discount brokers, regulated by several top-tier regulators globally. We recommend this broker mainly for advanced traders.
On the plus side, IB has low fees, a vast range of available markets and products, and diverse research tools.
There are some drawbacks, though: there is a high forex fees, and the account opening process is complicated. The desktop platform is complex and hard to get a handle on, especially for beginners.
If you have experience navigating complex platforms and enjoy transparent, low-cost trading, Interactive Brokers could be a great fit for you.
Interactive Brokers | |
---|---|
Summary | Interactive Brokers is a US discount broker. It is listed on a stock exchange and regulated by several authorities, including top-tier ones like the FCA and the SEC. |
Fees score | 4.2 stars |
Recommended for | Traders looking for low fees and a professional trading environment |
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.
Broker | Info | Recommended for |
---|---|---|
TD Ameritrade | US-based stockbroker | Investors and traders looking for solid research and a well-equipped desktop trading platform |
Charles Schwab | US discount broker | Investors and traders looking for solid research, low fees and great customer service |
E*TRADE | US stockbroker | Investors and traders looking for solid research and a great mobile trading platform |
Fidelity | US stockbroker | Investors and traders looking for solid research and great trading platforms |
Interactive Brokers | US discount broker | Traders looking for low fees and a professional trading environment |
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