Online brokers compared for fees, trading platforms, safety and more. See how Charles Schwab stacks up against TD Ameritrade!
Last update of data—Dec 2021
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.
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, low fees and great customer service.
Recommended for investors and traders looking for solid research and a well-equipped desktop trading platform.
Charles Schwab
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.
Recommended for investors and traders looking for solid research, low fees and great customer service.
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.
Charles Schwab's service is on par with TD Ameritrade's and a comparison of their fees shows that Charles Schwab's fees are similar to TD Ameritrade's.
Account opening takes somewhat less effort at Charles Schwab compared to TD Ameritrade, deposit and withdrawal processes are about the same quality at Charles Schwab, while customer service quality is somewhat better than TD Ameritrade's.
Our experts rated the trading platform of Charles Schwab as somewhat worse than the platform of TD Ameritrade, found that clients have access to slightly less markets and products with Charles Schwab, while TD Ameritrade provides somewhat better research and education.
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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