Interactive Brokers vs TD Ameritrade

Interactive Brokers is a good discount broker for experienced, high volume traders. . How does it compare to TD Ameritrade? Read our comparison chart below.

Interactive Brokers offers trades starting at just 0.5 cents per share. It also offers a tiered pricing plan that awards high volume traders with even lower rates. There is a $10,000 opening account minimum ($3,000 for clients 25 and younger). There is a monthly activity fee unless required commission minimums are met.

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 Interactive Brokers with TD Ameritrade, side-by-side.

	Interactive Brokers	TD Ameritrade
	SPECIAL OFFER Referral Program - $200 Bonus - Learn More Read Interactive Brokers Review	OFFER Commission-Free Trading - Online Stock, ETF and Option Trades - Learn More
	Benefits and Features
Stock Trading	IBKR Lite: $0 per share (min $0 per order) IBKR Pro - Fixed: $0.0005 per share (min $1.00 per order, max 1.0% of trade value) IBKR Pro - Tiered: Starts at $0.0035 per share for less than 300,000 shares (min $0.35 per order, max 1% of trade value)	$0 commission for online stock, ETF, and option trades
Options Trading	$0.15-$0.65 per contract ($1 minimum per order)	$0.65 per contract
Annual Fee	None
Cryptocurrency Trading	0.12% to 0.18% of trade value ($1.75 minimum per order)
Minimum Deposit	$0	$0
Mutual Fund Trading	$0 for no-transaction-fee funds. For transaction-fee funds, 3% trade value OR $14.95, per transaction, whichever is less	Up to $49.95 or $74.95 for buys. $0 for sells
Commission Free ETFs	150+	550+ Commission-Free ETFs
Live Chat Support		Yes
Penny Stocks
Broker Assisted Trades	$30	$25
Inactivity Fee	$0	$0
Maintenance Fee	$0	$0
Online Platform		Yes
Banking	No	Cash Management account offers free ATM withdrawals, no monthly maintenance fees, free online bill pay, and free check writing.
Mobile App	Yes	Yes
Desktop App	Yes	Thinkorswim
Forex Trading	Available for qualified customers	Yes
Futures Trading	Yes	$2.25 per contract (plus exchange & regulatory fees)
Bond Trading		Yes
CFD Trading		No
Currency Trading		Yes
Customer Service	United States: Monday-Friday 8am - 10pm ET; Sunday 1pm - 7pm ET (24/7 Weekday service available in other countries)	(800) 669-3900 (Open 24/7)
Locations	No	More than 100 locations in 34 states
Online Community	Yes
Seminars	Yes	Online webcast
Trading Platform	Desktop, Web Trading, Mobile Apps	thinkorswim
Virtual Trading	Yes	Yes
	CreditDonkey® Reviews
Stock Trading
Options Trading
Mutual Fund Trading
Online Platform
Banking
Mobile App
Commissions and Fees
Ease of Use
Research
Pros & Cons	Pros: Large number of investments, including options, futures, and forex Customize trading platform Tools and opportunities for research Cons: Platform can be too much for a beginner to understand Complicated pricing structure
Bottom Line	Good discount broker for experienced, high volume traders... Read full review
	Referral Program - $200 Bonus	Commission-Free Trading - Online Stock, ETF and Option Trades Open an IRA in 15 minutes or less
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Interactive Brokers: Pricing information from published websites as of 10/17/2023. 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 Interactive Brokers or Robinhood.

Articles on Interactive Brokers

Interactive Brokers

Interactive Brokers offers a robust trading platform that experienced traders favor due to its competitive fee structure and extensive range of trading options.