The difference is in the data

Offering immediate access to a knowledgeable support network, cutting-edge platforms, independent third-party research, and powerful educational resources – all on top of a straightforward pricing structure – when you get down to it, there’s no comparison between TD Ameritrade and our competitors.

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As of December 16, 2013TD Ameritrade
Fidelity
  • Fidelity
  • Schwab
  • E*TRADE
  • Scottrade
Schwab
  • Fidelity
  • Schwab
  • E*TRADE
  • Scottrade

Select a competitor

  • Fidelity
  • Schwab
  • E*TRADE
  • Scottrade
Local representatives available 24/7 by phone and emailYesYesYes

No

 
Support via phone, email, online chat, social media, and at local branchesYesYesYesYes 
Number of branches

126

170+

300+

30

505

 
As of December 16, 2013TD Ameritrade
Fidelity
  • Fidelity
  • Schwab
  • E*TRADE
  • Scottrade
Schwab
  • Fidelity
  • Schwab
  • E*TRADE
  • Scottrade

Select a competitor

  • Fidelity
  • Schwab
  • E*TRADE
  • Scottrade
Access to all trading platforms

Free

Requires 36 trades per year

Free

Requires 30 trades per quarter or platform fee

Requires 36 trades per year

 
Access to real-time streaming quotes

Free (for non-professionals)

Platform conditions apply

Free (for non-professionals)

Platform fee or conditions apply

Free

 
Access to Level II quotes

Free (for non-professionals)

Platform conditions apply

Platform conditions apply

Platform fee or conditions apply

Free

 
Qualified investors can use options and futures to manage risk within an IRA

Yes

No

No

YesYes 
Charting packages with over 400 technical indicators, drawing tools

Yes (thinkorswim platform)

No

No

YesYes 
Virtual, practice trading in historical and current markets

Yes (paperMoneyR, thinkOnDemandTM, &  Mobile Trader app)

No

No

No

Yes (Scottrade ELITE)

 
Ability to trade equities, complex options, futures, options on futures and forex trades via mobile app

Yes (TD Ameritrade Mobile Trader)

No

No

Yes (complex options)

Yes 
Access to CNBC, CNBC International, tastytrade, and live audio from the trading pits

Yes (thinkorswim platform)

No

No

YesYes 
Create pre-defined covered call strategies that automatically roll forward*

Yes (StrategyRoller®)

No

No

Yes

No

 
Express portfolio risk in terms of volatility compared to a benchmark like the S&P 500

Yes (Beta Weighting on the thinkorswim platform)

No

No

YesYes 
Speak with former floor traders with hundreds of years of combined trading experience

Yes

No

No

YesYes 
As of December 16, 2013TD Ameritrade
Fidelity
  • Fidelity
  • Schwab
  • E*TRADE
  • Scottrade
Schwab
  • Fidelity
  • Schwab
  • E*TRADE
  • Scottrade

Select a competitor

  • Fidelity
  • Schwab
  • E*TRADE
  • Scottrade
Access to customized, interactive learning tools from leading educational affiliatesYes

No

No

No

No

 
As of December 16, 2013TD Ameritrade
Fidelity
  • Fidelity
  • Schwab
  • E*TRADE
  • Scottrade
Schwab
  • Fidelity
  • Schwab
  • E*TRADE
  • Scottrade

Select a competitor

  • Fidelity
  • Schwab
  • E*TRADE
  • Scottrade
Online equity trades

$9.99

$7.95

$8.95

$7.99 – 9.99

$7 (If stock value is above $1)

 
Minimum opening deposit

$0 ($2,000 for margin options)

$2,500

$1,000

$500

$500

 
Access to real-time streaming quotes

Free

Platform conditions apply

Free

Platform fee or conditions apply

Free

 
Access to Level II quotes

Free

Platform conditions apply

Platform conditions apply

Platform fee or conditions apply

Free

 
As of December 16, 2013TD Ameritrade
Fidelity
  • Fidelity
  • Schwab
  • E*TRADE
  • Scottrade
Schwab
  • Fidelity
  • Schwab
  • E*TRADE
  • Scottrade

Select a competitor

  • Fidelity
  • Schwab
  • E*TRADE
  • Scottrade
Number of commission-free ETFsYes

66

121

100

15

 
Commission-free ETFs selected by unbiased third-parties

No

No

No

No

 
Forex trading

Yes (100+ currency pairs)

No

No

Yes (56 currency pairs)

No

 
Wide array of investment products including:

Yes (ETF's, bonds, mutual funds, options, mini-options, futures, options on futures, and forex)

Yes(Mutual funds, ETFs, bonds, options, and stocks)

Yes (ETF's, futures, bonds, forex, mutual funds, options, mini-options, and options on futures)

Yes 

AdChoices

Comparison table data as of 12/16/13.

Market volatility, volume and system availability may delay account access and trade executions.

Past performance does not guarantee future results.

Before investing in an ETF, be sure to carefully consider the fund’s objectives, risks, charges, and expenses. For a prospectus containing this and other important information, please contact a Client Services representative. Please read the prospectus carefully before investing.

Offer valid for one new Individual, Joint or IRA TD Ameritrade account opened by 9/30/14 and funded within 60 days of account opening with $2,000 or more. To receive $100 bonus, account must be funded with $25,000 or more within 60 days of account opening. To receive $300 bonus, account must be funded with $100,000 or more within 60 days of account opening. To receive $600 bonus, account must be funded with $250,000 or more within 60 days of account opening. Offer is not transferable and not valid with internal transfers, accounts using the Amerivest service, TD Ameritrade Institutional accounts, current TD Ameritrade accounts or with other offers.   Qualified commission-free Internet equity, ETF or options orders will be limited to a maximum of 500 and must execute within 60 days of account funding. Contract, exercise, and assignment fees still apply.  Limit one offer per client. Account value of the qualifying account must remain equal to, or greater than, the value after the net deposit was made (minus any losses due to trading or market volatility or margin debit balances) for 12 months, or TD Ameritrade may charge the account for the cost of the offer at its sole discretion. TD Ameritrade reserves the right to restrict or revoke this offer at any time. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business. Please allow 3-5 business days for any cash deposits to post to account. Taxes related to TD Ameritrade offers are your responsibility. Retail values totaling $600 or more during the calendar year will be included in your consolidated Form 1099. Please consult a legal or tax advisor for the most recent changes to the U.S. tax code and for rollover eligibility rules. 

To trade commission-free ETFs, you must be enrolled in the program. If you sell an eligible ETF within 30 days of it being purchased commission-free, a short-term trading fee will apply.

Morningstar Associates, LLC is a registered investment advisor and wholly owned subsidiary of Morningstar, Inc. The commission-free ETFs selected by Morningstar Associates have been derived from a universe of ETFs made available through TD Ameritrade, a universe which does not include all ETFs available in the marketplace. Both the universe of ETFs defined by TD Ameritrade and the commission-free ETFs selected by Morningstar Associates are subject to change at any time and without notice. Morningstar Associates does not warrant this information to be accurate, complete or timely. Morningstar Associates is not responsible for any damages or losses arising from the use of this information. Past performance is no guarantee of future results. Particular commission-free ETFs may not be appropriate investments for you under your circumstances, and there may be other ETFs or investment options offered by TD Ameritrade that are more suitable. Morningstar Associates may have more favorable opinions of certain ETFs which are not included in the universe of ETFs made available through TD Ameritrade. The Morningstar selections were based on qualitative factors and quantitative analysis conducted by Morningstar Associates. Neither Morningstar Associates nor Morningstar, Inc. is affiliated with TD Ameritrade and its affiliates. Morningstar, the Morningstar logo, Morningstar.com, Morningstar Tools are either trademark or service marks of Morningstar, Inc.

ETFs can entail risks similar to direct stock ownership, including market, sector, or industry risks. Some ETFs may involve international risk, currency risk, commodity risk, and interest rate risk. Trading prices may not reflect the net asset value of the underlying securities. Commission fees typically apply.

TD Ameritrade does not charge platform, maintenance, or inactivity fees. Commissions, service fees, and exception fees still apply. See our commission and brokerage fees for details.

Trading options, futures and forex can involve substantial risks and are not suitable for all investors. Clients must consider all relevant risk factors, including their own personal financial situation, before trading. Trading privileges are subject to TD Ameritrade review and approval. Not all account owners will qualify.

Before trading options, carefully read Characteristics and Risks of Standardized Options. Contact TD Ameritrade at 800-669-3900 for a copy.

Access to real-time data is subject to acceptance of the exchange agreements. Professional access and fees differ. For details, see our commissions and rates.

TD Ameritrade, CNBC, and tastytrade, Inc. are separate, unaffiliated companies that are not responsible for each other's services or policies.

*Rolling strategies can entail substantial transaction costs, including multiple commissions, which may impact any potential return.  You are responsible for all orders entered in your self-directed account.

Keep in mind that the covered call strategy can limit the upside potential of the underlying stock position, as the stock would likely be called away in the event of substantial stock price increase.

Waiver of NASDAQ Level II and Streaming News subscription fees applies to non-professional clients only. Access to real-time market data is conditioned on acceptance of exchange agreements. Professional access differs and subscription fees may apply. For details, see our commissions and rates.

E*Trade’s Power E*TRADE Pro trading platform, including Level II quotes and streaming news, is available at no charge to Power E*TRADE active trader customers who execute at least 30 stock or options trades during a calendar quarter. To continue receiving access to this platform, you must execute at least 30 stock or options trades by the end of the following calendar quarter. Customers can also subscribe for $99.95 per month. Active Trader representatives are only available to logged-in Power E*TRADE customers.

Schwab’s StreetSmart® tools are available to Schwab Active Trading clients. A Schwab brokerage account is required. Schwab reserves the right to restrict or modify access at any time.  Access to Nasdaq TotalView® quotes is provided for free to non-professional clients who have made 120 or more equity and options trades in the last 12 months, or 30 or more equity and options trades in either the current or previous quarter, or who maintain $1 million or more in household balances at Schwab. Schwab Active Trading clients who do not meet these requirements can subscribe to Nasdaq TotalView quotes for a quarterly fee. Professional clients may be required to meet additional criteria before obtaining a subscription to Nasdaq TotalView quotes. This offer may be subject to additional restrictions or fees, and may be changed at any time. The speed and performance of streaming data may vary depending on your modem speed and ISP connection. Access to electronic services may be limited or unavailable during periods of peak demand, market volatility, systems upgrades or maintenance, or for other reasons.

Fidelity’s Active Trader Pro® trading platform is available to households trading 36 times or more in a rolling twelve-month period. Trading 72 times over the same period earns access to static Level II quotes. Trading 120 times over the same period earns streaming news. Active Trader Services, including dedicated trading specialists, are available to households that place 120 or more stock, bond, or options trades over the same period and maintain $25K in assets across eligible Fidelity brokerage accounts.

Scottrade’s ScottradeELITE® trading platform is available to Scottrade customers with an account value of $25,000 or more. Customers with an account value of $25,000 or more also get access to FREE NASDAQ Velocity® and Forces®.  TotalView is available to ScottradeELITE users for $15.00 per month or free with 15+ trades per month.

All product names and marks are property of their respective owners.

TD Ameritrade, Inc. and Investools, Inc. are separate but affiliated companies that are not responsible for each other's services or policies.

TD Ameritrade, Inc., member FINRA / SIPC / NFA. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank. © 2014 TD Ameritrade IP Company, Inc. All rights reserved. Used with permission