All rights reserved. But there are several categories to consider. You'll find powerful and customizable charting on Power E*Trade and thinkorswim, and both offer chart trading and plenty of drawing tools. However, TD Ameritrade comes out way ahead in its technical indicators and studies offerings, with nearly 500 compared to 120 or so for E*TRADE. . Learn how to invest in marijuana stocks now. Both have outgoing transfer fees well within the industry’s norms: $60 at E*TRADE and $75 at TD Ameritrade. On the other hand, once you start trading, its much higher fees for broker-assisted trades and mutual fund trading might put you off. "Pricing." E*trade is one of the best options if you are new to trading. TD Ameritrade also offers two mobile apps, including TD Ameritrade Mobile and the TD Ameritrade Mobile Trader app. The content at The Tokenist has not been endorsed by any entity mentioned at the site. Don’t Miss: Top Forex Brokers –Comparison of the Best Forex Trading Platforms. Accessed June 10, 2020. There are some features that are particular to either E*TRADE or Ameritrade and should be mentioned. TD Ameritrade. However, E*Trade is still a top-notch platform with several tools for beginner and advanced traders. E*TRADE provides the best overall value in trading penny stocks along with optionsXpress. Etrade: Get zero commission on stock and ETF trades. What is more, the “More Brokers” list, comprising 37 brokerages, includes TD Ameritrade as the only broker with neither minimum deposit nor commission data. TD Ameritrade. E*Trade and TD Ameritrade both switched to $0 commission offerings. You have access to streaming real-time quotes across all platforms, and you can stage orders and send a batch simultaneously. You want a platform that is geared toward frequent traders. As for the companies’ own finances, the most recent results favor E*TRADE. Accessed June 10, 2020. Online banking can be a benefit for investors, and some brokerages do provide banking services to customers. Still, both online brokerages offer a big range of high-quality services, and you will not go wrong with either E*TRADE or Ameritrade, so you should consider the particular benefits that work best for you. In addition to a comprehensive Frequently Asked Questions (FAQ) page where you can get answers to the most common questions, the broker maintains largely toll-free customer service phone numbers for: TD Ameritrade’s customer support also gives you several live chat options, including a live text number, Facebook Messenger, Twitter Direct Message and their own live chat option on their website. E*Trade Core Portfolios is their robo-advisor service that manages your entire portfolio for an annual cost of 0.3% of the entire portfolio. The tagline for the brokerage is “the easiest to use platform,” but is that truly the case? TD Ameritrade, Inc. and Accretive Capital LLC are separate, unaffiliated companies and are not responsible for each other’s services and products. You can start investing with little money. Active options traders will prefer E*TRADE for the volume discount, while futures traders might prefer TD Ameritrade for its lower commission, although it offers trading in fewer futures contracts than E*TRADE. There is no minimum deposit, no maintenance fee, and no inactivity fee. It is fourth, while E*TRADE ended in the lower half of the table, in ninth place. This is actually per FINRA standards, but you can read more about day trading on E*Trade here. E*Trade offers two mobile trading apps including E*Trade Mobile and Power E*Trade. E*TRADE Financial. However, all transaction fee funds cost $19.99. The router looks for a combination of execution speed and quality, and the company states it takes measures to get the best execution available in the market. There is one feature that gives Ameritrade the advantage: it lets you chat with its representative on the phone while sharing your display to show them where you need help. Accessed June 10, 2020. Accessed March 18, 2020. Best Online Futures Brokers Trading Platform, How Good Grades Can Affect Your Car Insurance Rates, Best Cheap Vision Insurance Options for Seniors, Cheapest Full Coverage Motorcycle Insurance, TD Ameritrade vs. E*TRADE Customer Support, TD Ameritrade vs. E*TRADE Accounts and Features, Do Not Sell My Personal Data/Privacy Policy, Detailed research reports and Education Center, Assets ranging from stocks and ETFs to derivatives like futures and options, Thinkorswim can be overwhelming to inexperienced traders, Derivatives trading more costly than some competitors, No paper trading on its standard platform, Direct number (not toll-free) for countries not listed on AT&T’s International toll-free dialing guide, Teletypewriter (TTY) mode for the hearing impaired. "thinkScript." Still, it is not like they forgot about E*TRADE. For beginner investors and retirement planners, you’ll get the most out of investments with this platform. "Select an Account." If you want to have an AI-managed portfolio, you can opt for the TD Ameritrade Essential Portfolios tool, but it requires a $5,000 minimum investment. Check out some of the tried and true ways people start investing. E*Trade. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. This brings us to the end of our Ameritrade vs E*TRADE analysis. TD Ameritrade fees are higher than competitors, but is it worth it? To start off the Ameritrade vs E*TRADE duel, some general bits of information are in order. Just like with E*Trade, you can find links to all of their customer support options on the website. There is also the TD Ameritrade Portfolios app, which allows you to access your robo-advisor or managed portfolio on mobile as well. Learn more about them in our comprehensive E*Trade review. E*TRADE also runs an online bank, where you can open a savings and checking account linked to your brokerage account. Are you tired of earning just pennies on your savings every month? To sum up our E*TRADE vs Ameritrade introductory rounds: the financial future looks bright for E*TRADE, but Ameritrade is stronger in terms of overall performance. When we check out Investors.com, however, the situation is quite different, and Ameritrade vs E*TRADE leans in the favor of the former. This leaves no doubts about the winner of this E*TRADE vs Ameritrade round: Ameritrade. SmartAsset's free tool matches you with fiduciary financial advisors in your area in 5 minutes. The company has grown and streamlined much of its services online to become just as easy-to-use as E*Trade in the past year as well. E*TRADE and TD Ameritrade both cost $0 per trade. "thinkorswim Trading Platforms." Here's how beginners can get into stocks and real estate for the first time. Compare our top recommendations for brokers and find your match to start trading today. Both of these brokerages have a vast investment selection. They include a vast array of different solutions, from thinkorswim (for more demanding and research-oriented investors) to the TD Ameritrade Website (for longer-term trading), with TradeArchitect in between. Accessed June 10, 2020. In addition to a robust library of content, TD Ameritrade averages 500-plus webinars a month and offers more than 1,500 live events each year. E*TRADE has significantly expanded its webinar program in 2020, holding one to seven live events each day., E*TRADE offers 24/7 phone line support with access to brokers as well as to retirement specialists, financial consultants, active trader consultants, and product specialists.