Online brokers compared for fees, trading platforms, safety and more. See how Alpaca Trading stacks up against TD Ameritrade!
Last update of data—Dec 2022
Alpaca Securities LLC is US-based broker providing commission-free API stock trading. The company is regulated by the top-tier SEC and FINRA:
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. The brokerage was acquired by Charles Schwab Corporation in 2020. Client account conversion is expected between April and September of 2023.
Recommended for traders interested in algorithmic stock trading.
Recommended for investors and traders looking for solid research and a well-equipped desktop trading platform.
Alpaca Trading
Alpaca Securities LLC is US-based broker providing commission-free API stock trading. The company is regulated by the top-tier SEC and FINRA:
Recommended for traders interested in algorithmic stock trading.
TD Ameritrade
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. The brokerage was acquired by Charles Schwab Corporation in 2020. Client account conversion is expected between April and September of 2023.
Recommended for investors and traders looking for solid research and a well-equipped desktop trading platform.
Alpaca Trading's service is on par with TD Ameritrade's and a comparison of their fees shows that Alpaca Trading's fees are slightly lower than TD Ameritrade's.
Account opening takes somewhat less effort at Alpaca Trading compared to TD Ameritrade, deposit and withdrawal processes are somewhat more complicated at Alpaca Trading, while customer service quality is lower than TD Ameritrade's.
Our experts rated the trading platform of Alpaca Trading as somewhat worse than the platform of TD Ameritrade, found that clients have access to less markets and products with Alpaca Trading, while TD Ameritrade provides just about the same quality of research and education.
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