TD Ameritrade versus Etrade: Commissions, Fees and Investments Offered
- $9.99 per stock/etf trade
- Options: $9.99 plus $0.75 per contract
- No-load mutual funds: $49.99
- Treasuries at auction: $25 flat fee
- Futures: $3.50 per contract (inclusive of exchange fees)
- $9.99 if 0-149 trades per quarter; $7.99 if 150+ trades per quarter per stock/etf trade
- Options: $9.99 plus $0.75/contract if 0-149 trades per quarter; $7.99 plus $0.75/contract if 150+ trades per quarter
- Mutual Funds: $19.99
- Futures contracts: $2.99 per contract, per side + fees
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TD Ameritrade vs Etrade: Advantages
- Online user community
- Free streaming quotes
- Local branches
- Free automatic reinvestment of dividends
- Fee-free retirement accounts
- Flat-rate commissions, no hidden fees
- Virtual trading
- Great trading platform
- No setup and annual IRA account fees, no minimums with electronic statements and confirms
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TD Ameritrade vs Etrade: Disadvantages
- Expensive commissions on all asset classes
- Website freezes on high volume
- Customer service is not very responsive
- Expensive commissions on all asset classes
- Etrade's trading desk might trade against you
- Customer service responsiveness depends on the size of account and frequency of trades
- First transfer holds your funds for nearly two weeks
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TD Ameritrade and Etrade Websites and Ratings
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