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Compare Interactive Brokers vs TD Ameritrade


Online brokers compared for fees, trading platforms, safety and more. See how Interactive Brokers stacks up against TD Ameritrade!

Interactive Brokers vs TD Ameritrade
overall rating
4.8 / 5.0
4.5 / 5.0
overall pros
  • Broad product portfolio
  • Low fees
  • Great and diverse research tools
  • Solid research and education
  • Superb desktop trading platform
  • Great customer support
overall cons
  • Funding and withdrawal only through bank transfer
  • Complicated account opening process
  • Not user-friendly and complicated desktop trading platform
  • High trading fees
  • No credit/debit cards and electronic wallets for money transfer
  • Only US markets covered
fees
4 stars
  • Low trading fees
  • Transparent fee structure
  • Inactivity fee
3 stars
  • No withdrawal fee
  • No inactivity fee
  • High trading fees
  • High financing rate
account opening
3 stars
  • Fully digital
  • No minimum deposit for most accounts
  • Slow
  • Not user-friendly
  • Confusing messages throughout the process
3 stars
  • User-friendly
  • Many account types
  • No minimum account balance for US clients
  • Not fully digital
deposit and withdrawal
2 stars
  • Several account base currencies
  • No charge for the first withdrawal each month
  • Credit/Debit card not available
  • Slow withdrawal - over 3 days
2 stars
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • Only one account base currency
web trading platform
4 stars
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
4 stars
  • User-friendly
  • Clear fee report
  • Good search function
  • No two-step (safer) login
  • Limited customizability (for workspace)
mobile trading platform
4 stars
  • Two-step (safer) login
  • Good search function
  • Innovative functions (e.g. chatbot)
  • Not user-friendly
4 stars
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
desktop trading platform
3 stars
  • Good variety of order types
  • Two-step (safer) login
  • Price alerts
  • Not user-friendly
  • Poor search function
5 stars
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Trading support functions
  • Great learning materials
  • No two-step (safer) login
markets and products
5 stars
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
3 stars
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
research
4 stars
  • Quality news flow
  • Good set of analytical tools
  • Fundamental data available
  • Not user-friendly
5 stars
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
customer service
4 stars
  • Live chat
  • Fast response time
  • Relevant answers
  • Email ticketing looks like from the 90's
5 stars
  • Phone support
  • Live chat
  • Fast response time
education
5 stars
  • Demo account
  • Educational videos
  • Good production quality
  • Courses only available to members
5 stars
  • Trading platform tutorial
  • Educational videos
  • paperMoney trading simulation/demo account
  • Listed on stock exchange
  • Negative balance protection
  • Regulated by top-tier financial authorities
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Banking background
  • Additional insurance coverage
  • No negative balance protection
  • No investor protection in case of futures, forex
recommended for Traders who prefer low fees and a professional trading environment Investors and traders looking for solid research and well-equipped desktop trading platform