TD Ameritrade

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Value is more than just price Value is more than just price

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.

ServiceTools & PlatformsEducationPricing & CostsProducts

Service

As of August 7, 2018TD AmeritradeE*TRADESchwabFidelity
Local representatives available 24/7 by phone and email
Support via phone, email, online chat, social media, and at local branches
Number of branches36430300+170+

Tools & Platforms

TD AmeritradeE*TRADESchwabFidelity
Access to all trading platformsFreeRequires 30 trades per quarter or platform feeFreeRequires 36 trades per year
Access to real-time streaming quotesFree (for non-professionals)Platform fee or conditions applyFree (for non-professionals)Free (for non-professionals)
Access to Level II quotes Free (for non-professionals)Platform fee or conditions apply Platform conditions apply Free (for non-professionals)
Qualified investors can use options and futures to manage risk within an IRA Yes No NoNo
Charting packages with over 400 technical indicators, drawing tools Yes (thinkorswim® platform)NoNoNo
Virtual, practice trading in historical and current markets Yes (paperMoney®, thinkOnDemandTM, & Mobile Trader app)NoNoNo
Ability to trade equities, complex options, futures, options on futures and forex trades via mobile Yes (TD Ameritrade Mobile Trader)Yes (complex options)NoNo
Access to CNBC and CNBC International Yes (thinkorswim platform)NoCNBC TV Only No
Access to live audio from the trading pits Yes (thinkorswim platform)NoNoNo
Create pre-defined covered call strategies that automatically roll forward*Yes (StrategyRoller®)NoNoNo
Express portfolio risk in terms of volatility compared to a benchmark like the S&P 500 Yes (Beta Weighting on the thinkorswim platform)NoNoNo
Speak with former floor traders with hundreds of years of combined trading experience YesNoNoNo

Education

TD AmeritradeE*TRADESchwabFidelity
Access to customized, interactive learning tools NoNoNo

Pricing & Costs

TD AmeritradeE*TRADESchwabFidelity
Online equity trades$6.95$4.95 - $6.95 $4.95$4.95
Minimum opening deposit$0$500$1,000$0
Access to real-time streaming quotes FreePlatform fee or conditions applyFreeFree
Access to Level II quotes FreePlatform fee or conditions apply Platform conditions apply Free

Products

TD AmeritradeE*TRADESchwabFidelity
Number of commission-free ETFs300+149226265
Forex tradingYes (100+ currency pairs)Yes (56 currency pairs)NoNo
Wide array of investment products including:Yes (ETFs, bonds, mutual funds, options, futures, options on futures, and forex)Yes (ETFs, stocks, mutual funds, bonds, options, futures, and forex)Yes (ETFs, futures, bonds, forex, mutual funds, options, and options on futures)Yes (ETFs, mutual funds, bonds, options, and stocks)

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