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Betterment vs TD Ameritrade

Betterment is a great robo-advisor for beginners with low fees, good tools, and tax strategies. How does it compare to TD Ameritrade? Read our comparison chart below.

Betterment offers automatic investing starting at $4/month for accounts with less than $20,000. There is no fee to open an account and no minimum deposit required. All balances get automatic rebalancing, tax loss harvesting, and access to financial experts.

While TD Ameritrade offers $0 commission online stock, ETF, and option trades. This online broker also has more than 100 branch locations. There is no minimum deposit, no maintenance fee, and no inactivity fee.

Compare Betterment with TD Ameritrade, side-by-side.

 

Betterment

TD Ameritrade

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Benefits and Features

Savings
  • Betterment Cash Reserve - Earn 4.75% APY**
 
Stock Trading $0 commission for online stock, ETF, and option trades
Options Trading 
$0.65 per contract
Annual Fee
  • Digital: 0.25% annual fee for accounts with $20,000 or more or with monthly recurring deposits of $250 or more, $4/month for accounts with less than $20,000
  • Premium: 0.65% for accounts $100,000 or more
 
Minimum Deposit
$0
$0
Checking
No-Fee Checking
 
Mutual Fund Trading Up to $49.95 or $74.95 for buys. $0 for sells
Commission Free ETFs 
550+ Commission-Free ETFs
Phone Support
Yes
 
Live Chat Support
No
Yes
Email Support
Yes
 
Human Advisors
Yes ($100k minimum)
 
Robo Advisor
Yes
 
Assets Under Management
$50+ Billion
 
Minimum Investment
$0
 
Penny Stocks 
Check
Tax Loss Harvesting
Yes
 
Goal Tracker
Yes
 
Automatic Deposits
Yes
 
Broker Assisted Trades 
$25
Inactivity Fee 
$0
Maintenance Fee 
$0
Online Platform
Yes
Yes
iPhone App
Yes
 
Android App
Yes
 
BankingOffers checking account with a free debit card, and a high-yield cash accountCash Management account offers free ATM withdrawals, no monthly maintenance fees, free online bill pay, and free check writing.
Mobile App
iOS & Android
Yes
Desktop App 
Thinkorswim
Forex Trading 
Yes
Futures Trading $2.25 per contract (plus exchange & regulatory fees)
Bond Trading 
Yes
CFD Trading 
No
Currency Trading 
Yes
Customer Service 
(800) 669-3900 (Open 24/7)
Locations More than 100 locations in 34 states
Seminars 
Online webcast
Trading Platform 
thinkorswim
Virtual Trading 
Yes
Single Stock Diversification
No
 
Fractional Shares
Yes
 
Taxable Accounts
Yes
 
401k Plans
Yes
 
IRA Accounts
Yes
 
Roth IRA Accounts
Yes
 
SEP IRA Accounts
Yes
 
Trust Accounts
Yes
 
529 Plans
No
 
 

CreditDonkey® Reviews

Annual FeeStarStarStarStarHalf Star
Minimum DepositStarStarStarStarStar
Human AdvisorsStarStarStarEmpty StarEmpty Star
Customer ServiceStarStarStarStarEmpty Star
Pros & ConsPros:
  • No minimum investment
  • Customized portfolios
  • Automatically invest extra funds
Cons:
  • Limited investment options
  • High fees for large investors
Bottom LineGreat robo-advisor for beginners with low fees, good tools, and tax strategies... Read full review

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Betterment: Pricing information from published website as of 04/04/2018

TD Ameritrade: Pricing information from published website as of 09/05/2023.

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Betterment or Acorns.


Articles on Betterment

Betterment

Betterment offers low fees and good returns. But there are risks you should NOT ignore. Read this review to see if Betterment is better.

Is Betterment Worth The Fee

Betterment will manage your investments, but they charge a fee. Is Betterment worth the fee? Read on to answer all your questions.

Betterment Roth IRA

Is Betterment a good way to invest for retirement? What about the fees and withdrawals? Read on to learn how Betterment's Roth IRA account works.

Betterment vs Wealthfront

Betterment and Wealthfront are two of the oldest and most popular robo-advisors. Is there a difference? Which is better for you? Read on to find out.

Which Do You Think is Best?





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