HomeFinanceInteractive Brokers vs. TD Ameritrade: 2022 Comparison

Interactive Brokers vs. TD Ameritrade: 2022 Comparison

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

Both 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 if you happen to’re fascinated about cryptocurrencies, Interactive Brokers gives entry to Bitcoin, Ethereum, Litecoin and Bitcoin Cash. Interactive Brokers historically has been geared towards a extra energetic dealer, not newcomers, and the web site is a bit tougher to make use of than competitor websites.

TD Ameritrade does not provide fractional shares or direct entry to crypto, however crypto-based merchandise, corresponding to Grayscale Bitcoin Trust, 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.  Read extra particulars on each brokers and see which could be a greater match for you.

Interactive Brokers is finest for:

  • Casual and superior merchants.

Interactive Brokers at a look

• IBKR Lite: Unlimited free trades on U.S.-listed shares and ETFs.

• IBKR Pro: $0.005 per share; minimal $1 and most 1% of commerce worth; quantity low cost accessible.

IBKR Lite and IBKR Pro: No base fee; 65 cents per contract with $1 minimal. Volume low cost accessible.

Account charges (annual, switch, closing, inactivity)

Number of no-transaction-fee mutual funds

Over 7,700 no-transaction-fee mutual funds.

• Stocks.
• Bonds.
• Mutual funds.
• ETFs.
• Options.
• Fractional shares.
• Futures.
• Forex.
• Metals.

Access to BTC, ETH, LTC, and BCH.

IBKR Lite and IBKR Pro clients get entry to Client Portal buying and selling platform and highly effective Trader Workstation platform at no cost.

Advanced options mimic the desktop app, however iOS and Android person rankings are common.

Extensive analysis choices, each free and subscription-based.

Customer help choices (consists of how simple it’s to seek out key particulars on the web site)

24-hour cellphone, e mail and chat help, accessible six days per week.

TD Ameritrade is finest for:

  • Investor training/recommendation.

TD Ameritrade at a look

Account charges (annual, switch, closing, inactivity)

No annual or inactivity payment. $75 full switch; $0 partial switch.

Number of no-transaction-fee mutual funds

• Stocks. • Bonds. • Mutual funds. • ETFs. • Futures. • Forex. • Foreign 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 net and thinkorswim (desktop).

TD Ameritrade cellular app, TDA thinkorswim app.

Research, evaluation, commentary and information accessible from 15 suppliers, together with Argus, CFRA, Reuters, Vickers and Morningstar.

Customer help choices (consists of how simple it’s to seek out key particulars on the web site).

Phone, e mail and stay chat help 24/7; technical cellphone help Monday – Friday, 7 a.m. to six p.m. Eastern. In-person at 250+ native branches. Support additionally accessible through textual content, Facebook Messenger, Twitter direct message, Apple Business Chat and Amazon Alexa.

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