TD Ameritrade vs Etrade



TD Ameritrade versus Etrade: Commissions, Fees and Investments Offered


TD Ameritrade

  • Stocks/ETFs: $9.99 per trade
  • Options: $9.99 + $0.75 per contract
  • Mutual funds: $49.99 per transaction for no-load mutual funds
  • Treasuries at auction: $25
  • Futures: $3.50 per contract, inclusive of exchange fees

Etrade

  • $9.99 per stock/etf trade ($7.99 if making 150+ trades per quarter)
  • Options: $9.99 plus $0.75/contract ($7.99 + $0.75 if making 150+ trades per quarter)
  • Mutual Funds: $19.99
  • Futures contracts: $2.99 per contract, per side + fees
  • Forex: markup or markdown will be included in the prices quoted
  • Bonds: $1 per bond (minimum $10, maximum $250)


TD Ameritrade vs Etrade: Advantages


TD Ameritrade

  • 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

Etrade

  • Great trading platform
  • Good research tools
  • Suggestions for stock picks matching your investing strategy
  • Access to foreign stock exchanges
  • Low investment to open an account - $500 to begin investing, $2,000 allows you to open a margin account


TD Ameritrade vs Etrade: Disadvantages


TD Ameritrade

  • Expensive commissions on all asset classes

Etrade

  • Expensive commissions on stocks and ETFs
  • Advanced trading platform, Power Etrade Pro, is only available to those executing 30 stock or options trades during a calendar quarter
  • 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


TD Ameritrade and Etrade Websites and Ratings


TD Ameritrade



TDAmeritrade Review

Etrade



Etrade Review 2014





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