Page Summary
Interactive Brokers and TD Ameritrade are leading online brokers. Interactive Brokers is a secure broker with licenses from the IIROC, SFC, FSA, FCA, MAS, FINMA, and CFTC. It has a proprietary platform and a professional app with access to a virtual trading account. Interactive Brokers is a top choice for traders of all levels of experience.
TD Ameritrade is a top US-based stockbroker with an excellent platform. It offers competitive prices and an impressive portfolio. TD Ameritrade has many learning tools, which is why it is a recommended choice for new traders.
Both online brokers have advantages and disadvantages. This article discusses the differences between Interactive Brokers and TD Ameritrade.
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Interactive Brokers
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.
TD Ameritrade
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:20 | 1:2 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | 0 | 0 |
| Deposit Fee | 1% | 0 |
| Inactivity Fee | 0 | 0 |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | 0.2 pips + 0.08 to 0.20 bps times trade size comission | 1.3 pips |
| Stocks & ETF | $ 0.005 per share | $6.95 |
| CFD (Gold) | 0.02% | 0 |
| Crypto | 0.12% to 0.18% of trade value | 0 |
| Options | 0.65 per options contract fee | |
| Conversion Fees | 0 | $75 transfer fee |
| Misc. Fees | 0 | 0 |
| Overnight Fees | Yes on CFD’s | 0 |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $0 | 0 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | YES from US bank account | |
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 16.500 | 3700 |
| ETF & Funds | 35.000 | 13000 |
| Crypto | 4 | 0 |
| Commodities | 1 | 10 |
| Indices | 3052 | 12 |
| Options | 50.000 | 0 |
| Futures | 245 | 70 |
| Bonds | 1.000.000 | 40000 |
| Forex Instruments | 115 | 70 |
| CFD Indices & Funds | 13 | 0 |
| CFD Stocks | 8.000 | 0 |
| CFD Commodities | 2 | 0 |
| CFD Crypto | 0 | 0 |
| CFD Bonds | 0 | 0 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | English / Spanish | |
| Personal Account Manager |
Winner
Top findings from the Interactive Brokers vs. TD Ameritrade review:
- Interactive Brokers is a leading brokerage firm with many beginner-friendly and advanced tools.
- TD Ameritrade is a US-based broker with reliable learning tools.
- Both brokers offer a proprietary platform, a virtual trading discount, and a demo account.
Interactive Brokers is a top choice for traders of all levels of experience. It provides access to many tools, including advanced research data. TD Ameritrade is a better choice for new traders because of its comprehensive learning materials.
Level of experience
Interactive Brokers offers many tools for traders of all levels of experience. It has reliable research tools, including forex news and Trading Central. This broker offers top educational materials, including webinars and beginner videos. Its demo account is an excellent learning tool.
TD Ameritrade has many educational materials, Paper Trading, and other useful learning tools. It has straightforward platforms and premium trading tools. TD Ameritrade is a top choice for U.S.-based traders of all levels of experience.
Fees
Both brokers have a transparent fee structure and a minimum initial deposit of $0. They offer an active trader discount.
Assets
Interactive Brokers offers 105 forex currency pairs, while TD Ameritrade has 73 available pairs. Interactive Brokers provides access to 7400 CFDs, while TD Ameritrade has 0 available CFDs.
Trading platform
Interactive Brokers has beginner-friendly desktop and web platforms. It provides many educational tools, including forex education, webinars, and professional trading videos. Interactive Brokers is a top choice for traders of all levels of experience.
TD Ameritrade has straightforward platforms focused on learning tools. It provides access to professional research and educational materials on all its platforms. TD Ameritrade offers superior market data. It is a good fit for both new and advanced traders.
Banking services
Banking services are an asset for traders of all levels of experience. Both brokers offer bank transfers as their funding solution.
Final verdict
Interactive Brokers and TD Ameritrade are leading online brokers with excellent experiences. Both have strengths and weaknesses depending on your trading experience and skills. We recommend Interactive Brokers to traders who want access to premium tools and market data. TD Ameritrade is a better fit for U.S.-based beginner traders, as it has many educational materials.
Interactive Brokers compared to other brokers: