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
  • No-load mutual funds: $49.99
  • Treasuries at auction: $25
  • All other bonds and CMOs, CDs: on a net yield basis
  • Futures: $2.25 per contract (plus exchange & regulatory fees)
  • Forex: Non-commission currency pairs trade in increments of 10,000 units (and do not contain a "#" symbol suffix). There are no additional fees or charges.

Etrade

  • $9.99 per stock/etf trade ($7.99 if making 150 plus trades per quarter)
  • Options: $9.99 plus $0.75/contract ($7.99 plus $0.75 if making 150 plus trades per quarter)
  • Mutual Funds: $19.99
  • Futures contracts: $2.99 per contract, per side plus 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

  • No account fees or trade surcharges
  • Access to an online trader community
  • Free streaming quotes
  • Local branches
  • Free automatic reinvestment of dividends
  • Fee-free retirement accounts
  • Flat-rate commissions, no hidden fees
  • Virtual trading
  • Award winning trading tools

Etrade

  • Great trading platform
  • No account maintenance or inactivity fees
  • Good research tools
  • Low investment to open an account - $500 to begin investing
  • Fee-free retirement accounts
  • Free automatic reinvestment of dividends


TD Ameritrade vs Etrade: Disadvantages


TD Ameritrade

  • Expensive commissions on many 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
  • 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 and Etrade are some of the most popular online stock brokerage firms in 2016 in the United States. To learn more about how these brokerage companies compare to their main competitors take a look at these comparison articles: Ameritrade vs Schwab; Ameritrade vs Etrade; and Ameritrade vs Scottrade.

TD Ameritrade



TDAmeritrade Review

Etrade



Etrade Review


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