Interactive Brokers vs. TD Ameritrade: 2022 Comparison

March 1, 2022

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Interactive Brokers and TD Ameritrade are each stable selections for superior merchants. However beneath, we’ll evaluate these two brokers head-to-head that will help you resolve which is finest for you.

Each brokers have giant funding picks and entry to high quality analysis and instruments. Interactive Brokers stands out for providing fractional shares — which isn’t but desk stakes amongst brokers — and when you’re involved in cryptocurrencies, Interactive Brokers presents entry to Bitcoin, Ethereum, Litecoin and Bitcoin Money. Interactive Brokers historically has been geared towards a extra lively dealer, not learners, and the web site is a bit more durable to make use of than competitor websites.

TD Ameritrade would not provide fractional shares or direct entry to crypto, however crypto-based merchandise, comparable to Grayscale Bitcoin Belief, can be found on the over-the-counter market. The dealer is an effective deal for newbie buyers — it has greater than 500 mutual funds on its platform with expense ratios of 0.50% or much less, and greater than 1,000 with funding minimums of $100 or much less. Learn extra particulars on each brokers and see which may be a greater match for you.

Interactive Brokers is finest for:

Informal and superior merchants.

Interactive Brokers at a look


	• IBKR Lite: Limitless free trades on U.S.-listed shares and ETFs. • IBKR Professional: $0.005 per share; minimal $1 and most 1% of commerce worth; quantity low cost obtainable.
	IBKR Lite and IBKR Professional: No base fee; 65 cents per contract with $1 minimal. Quantity low cost obtainable.
Account charges (annual, switch, closing, inactivity)
Variety of no-transaction-fee mutual funds	Over 7,700 no-transaction-fee mutual funds.
	• Shares. • Bonds. • Mutual funds. • ETFs. • Choices. • Fractional shares. • Futures. • Foreign exchange. • Metals.
	Entry to BTC, ETH, LTC, and BCH.
	IBKR Lite and IBKR Professional prospects get entry to Shopper Portal buying and selling platform and highly effective Dealer Workstation platform at no cost.
	Superior options mimic the desktop app, however iOS and Android consumer rankings are common.
	In depth analysis choices, each free and subscription-based.
Buyer assist choices (consists of how straightforward it’s to seek out key particulars on the web site)	24-hour cellphone, e-mail and chat assist, obtainable six days per week.

TD Ameritrade is finest for:

Investor schooling/recommendation.

TD Ameritrade at a look



Account charges (annual, switch, closing, inactivity)	No annual or inactivity price. $75 full switch; $0 partial switch.
Variety of no-transaction-fee mutual funds
	• Shares. • Bonds. • Mutual funds. • ETFs. • Futures. • Foreign exchange. • Overseas ADRs. • IPOs for certified accounts.
	No direct entry to cryptocurrencies, however crypto coin trusts can be found over-the-counter, and certified shoppers can commerce Bitcoin futures from CME.
	Two platforms: TD Ameritrade internet and thinkorswim (desktop).
	TD Ameritrade cellular app, TDA thinkorswim app.
	Analysis, evaluation, commentary and information obtainable from 15 suppliers, together with Argus, CFRA, Reuters, Vickers and Morningstar.
Buyer assist choices (consists of how straightforward it’s to seek out key particulars on the web site).	Telephone, e-mail and dwell chat assist 24/7; technical cellphone assist Monday – Friday, 7 a.m. to six p.m. Jap. In-person at 250+ native branches. Help additionally obtainable through textual content, Fb Messenger, Twitter direct message, Apple Enterprise Chat and Amazon Alexa.

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