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Written by Sam Levine, CFA, CMT
Edited by Carolyn Kimball
Fact-checked by Steven Hatzakis
Reviewed by Blain Reinkensmeyer
April 22, 2024
Charles Schwab acquired TD Ameritrade in October 2020 and, as of spring 2024, is in the process of migrating all final customer accounts to Schwab. If you were considering opening a TD Ameritrade account, we suggest you read our review of Charles Schwab.
For now, this review reflects our views on TD Ameritrade as a stand-alone brokerage.
TD Ameritrade delivers $0 trades, fantastic trading platforms, excellent market research, industry-leading education for beginners and reliable customer service. This outstanding all-around experience made TD Ameritrade one of our top overall brokers in 2023, and we see many strong features being ported over to Schwab.
feedRecent news
October 2023: After its purchase by Charles Schwab in 2020, TD Ameritrade accounts are currently transferring to Charles Schwab in batches. All Schwab clients have access to the thinkorswim platform.
Pros & Cons
thumb_up_off_alt Pros
- Whether you’re a novice buying stock on your phone or a professional trader with six screens on your desk, TD Ameritrade has the platform for you.
- A wealth of third-party research and reliable in-house content.
- Educational content covers all levels and every way people prefer to learn.
thumb_down_off_alt Cons
- Regardless of whether you prefer TD Ameritrade over Schwab, your TD Ameritrade account will transfer to Schwab unless you close it or transfer to another broker.
- Though TD Ameritrade provides superior client service, other brokers have friendlier design and writing.
- TDA doesn’t offer fractional shares or crypto.
Overall summary
| Feature |  |
|---|---|
| Overall |  |
| Investment Options | |
| Commissions & Fees |  |
| Mobile Trading Apps | |
| Platforms & Tools | |
| Research | |
| Customer Service | |
| Education | |
| Ease Of Use | |
TD Ameritrade and Charles Schwab
Schwab bought TD Ameritrade in October 2020 for $26 billion. As of August 2023, Schwab is transferring accounts in batches. For all practical purposes, if you open a TD Ameritrade account, you should expect your assets to port to Schwab. That’s not a bad thing, but it might be more straightforward to simply open your account with Schwab.
Occasionally, there are snafus after brokers acquire competitors. That said, some of us at StockBrokers.com had accounts with OptionsXpress when Schwab bought them in 2011 (we’ve been around for a minute). That experience was painless. We are confident Schwab has thoroughly prepared for the account conversion.
Did Schwab buy TD Ameritrade?
Yes, Schwab entered into an agreement to buy TD Ameritrade in November 2019. The deal closed in October 2020, though the two companies continued to function as separate entities (for the most part) until recently. TD Ameritrade and Schwab clients will see differences in their account features and tools as the TD Ameritrade conversion progresses. Schwab is in the process of moving all TD Ameritrade accounts to Schwab.
Why is TD Ameritrade moving to Schwab?
TD Ameritrade was bought by Schwab in 2020. It’s not unusual for brokerage firms to acquire competitors. The goal for the buyer is to increase revenue without equally increasing costs, once redundant costs are eliminated.
When will my TD Ameritrade account become a Schwab account?
Schwab is moving TD Ameritrade accounts in batches. Current TD Ameritrade clients will receive notice approximately three months in advance of the conversion. You should watch for advance notifications via email or regular mail. If you’re a thinkorswim user, you may be among the last to migrate.
Should I allow my TD Ameritrade account to transfer to Schwab?
TD Ameritrade clients have an important decision to make. Once the merger with Schwab is complete, TD Ameritrade will – for all practical purposes – cease to exist. Some features, such as TD Ameritrade’s excellent thinkorswim platforms, will reappear at Schwab. However, it’s likely that some features will not survive the merger. If another broker will serve your needs better, you should transfer your TD Ameritrade assets to that broker.
What should I do before my TD Ameritrade account transfers to Charles Schwab?
You should receive notice from Schwab that your TD Ameritrade account will be moving approximately three months in advance. First, check out our review of Charles Schwab and decide whether Schwab fits your brokerage needs. If it does, review the Transition Update page on TD Ameritrade’s site for more information on what to expect with the merge. We have accounts that have already moved to Schwab and have experienced no issues. Still, it would be smart to download records of your holdings, account activity, and cost bases before your accounts transfer in case of errors, which we think unlikely. If you’ve decided that Charles Schwab doesn’t suit your needs, you have time to choose a different broker (our brokerage comparison tool can help you there).
How does the merger between Charles Schwab and TD Ameritrade benefit Schwab customers?
Schwab has not itemized all of the changes Schwab customers will see once the acquisition is complete, but it has indicated that it will bring over TD Ameritrade’s excellent thinkorswim trading platforms. There are many other features and content available on TD Ameritrade that we hope will continue at Schwab, but time will tell.
Will Schwab get the thinkorswim trading platform?
TD Ameritrade’s excellent thinkorswim collection of mobile, web, and desktop trading platforms will continue at Charles Schwab. Current thinkorswim users can continue to trade at TD Ameritrade until Schwab notifies them otherwise.
What are the facts and figures for Schwab’s acquisition of TD Ameritrade?
Schwab bought TD Ameritrade for approximately $26 billion of Schwab stock when the deal closed in October 2020. TD Ameritrade stockholders received 1.0837 shares of Schwab for each TD Ameritrade share. Upon closing its acquisition of TD Ameritrade in October 2020, Schwab announced the combined company held $6 trillion in customer assets within 28 million accounts and facilitated an average of five million trades daily.
Investment options
TD Ameritrade provides everything one might expect of a full-service brokerage, from stock trading to retirement guidance. All account types are supported. Also offered are both futures and forex trading (read our TD Ameritrade forex review on our sister site, ForexBrokers.com).
Drawbacks include a lack of fractional shares and international trading; TD Ameritrade customers can only trade U.S. and Canadian-listed securities.
Cryptocurrency: Cryptocurrencies such as Bitcoin, Ethereum, and Dogecoin are not available to trade at TD Ameritrade.
Retirement services: TD Ameritrade offers no-fee traditional, Roth and rollover IRAs, and was among our picks for best IRA providers in 2023.
| Feature | |
|---|---|
| Stock Tradinginfo | Yes |
| Margin Trading | Yes |
| Fractional Sharesinfo | No |
| OTC Stocksinfo | Yes |
| Options Tradinginfo | Yes |
| Complex Options Max Legsinfo | 4 |
| Bonds (US Treasury)info | Yes |
| Futures Tradinginfo | Yes |
| Forex Tradinginfo | Yes |
| Mutual Funds (Total)info | 5876 |
| Crypto Tradinginfo | No |
| Crypto Trading - Total Coinsinfo | 0 |
| Traditional IRAsinfo | No |
| Roth IRAsinfo | No |
| Advisor Servicesinfo | Yes |
View More
Commissions and fees
Thanks to a pricing war in October 2019, TD Ameritrade, like a number of online brokers, slashed its $6.95 stock and ETF trades rate down to $0. Options trades cost just $0.65 per contract.
Penny stocks: Despite $0 stock and ETF trades, there is still a $6.95 flat-rate fee for trading penny stocks.
Mutual funds: Most mutual funds at TD Ameritrade cost $49.95 to buy and $0 to sell; there are some exceptions that cost $74.95 to buy. There is no commission charge for NTF (no transaction fee) funds. Note, however, NTF funds that are held 180 days or less before being sold may be charged a short-term redemption fee of $49.99.
| Feature | |
|---|---|
| Minimum Deposit | $0.00 |
| Stock Trades | $0.00 |
| Penny Stock Fees (OTC)info | $6.95 |
| ETF Trade Fee | $0.00 |
| Options (Base Fee) | $0.00 |
| Options (Per Contract) | $0.65 |
| Options Exercise Fee | $0.00 |
| Options Assignment Fee | $0.00 |
| Futures (Per Contract) | $2.25 |
| Mutual Fund Trade Fee | Varies |
| Broker Assisted Trade Fee | $25 |
View More
Mobile trading apps
TD Ameritrade offers two different smartphone apps: TD Ameritrade Mobile, designed for casual investors; and thinkorswim Mobile, for the feature-hungry active trader. Both apps are excellent.
Ease of use: While both apps are feature-rich and great for trading, there is a bit of a learning curve to how much you can do. Being able to customize charts and option chains is great, but makes these apps a little bit more challenging to use. TD Ameritrade Mobile is easier to use than thinkorswim mobile and has more analyst research.
Ask Ted: If you are tired of waiting for live agents or frustrated with useless chatbot answers, TD Ameritrade’s chatbot, Ask Ted, is the best in the business. Ted returns relevant results quickly and he’s… it’s available throughout TDA.
TD Ameritrade Mobile: TD Ameritrade Mobile features a customizable dashboard. Navigating the app is seamless and includes all the features an investor might want. Watch lists sync with your account and are streaming and fully customizable. Meanwhile, stock quotes include price alerts, news, and clean (and fully-featured) charting, and third-party ratings are accompanied by PDF research reports. Placing trades is a breeze.
TD Ameritrade Mobile. Press play for a demo.
thinkorswim Mobile: thinkorswim Mobile won our Best Trader App in 2023. Upon login, you are taken straight into your watch lists, which sync with the thinkorswim desktop and web version. In fact, the app mirrors the thinkorswim desktop throughout. Charting includes all 400+ indicators from the desktop platform, and chart preferences sync in the cloud. Orders and alerts management is fluid, and there is easy access to Trader TV, which includes the TD Ameritrade Network and CNBC.
TD Ameritrade's feature-rich thinkorswim app.
TD Ameritrade Mobile apps gallery
| Feature | |
|---|---|
| iPhone Appinfo | Yes |
| Android Appinfo | Yes |
| Apple Watch Appinfo | Yes |
| Stock Alertsinfo | Yes |
| Charting - After-Hoursinfo | Yes |
| Charting - Technical Studiesinfo | 400 |
| Charting - Study Customizationsinfo | Yes |
| Watch List (Streaming)info | Yes |
| Watch Lists - Create & Manageinfo | Yes |
| Watch Lists - Column Customizationinfo | Yes |
Other trading platforms and tools
Whether you are day trading, options trading or futures trading, thinkorswim desktop is a winner. For casual investors, TD Ameritrade’s latest platform addition, thinkorswim web, is great.
thinkorswim desktop charting: thinkorswim’s charting capabilities are so advanced they are rivaled only by TradeStation. A few clicks of the mouse will have dozens of charts streaming real-time data. Even the pickiest trader will be satisfied with the 400+ technical studies available, which is the most in the industry.
thinkorswim desktop trading tools: thinkorswim is home to an impressive array of tools. Highlights include paper trading, performing advanced earnings analysis, plotting economic (FRED) data, charting social sentiment, backtesting with thinkOnDemand, and even replaying historical markets tick-by-tick. TD Ameritrade also allows traders to create and conduct real-time stock scans, share charts and workspace layouts, and perform advanced options analysis. The rabbit hole goes as deep as any trader's imagination cares to go. It's a remarkable offering of choices that will set your mind spinning – in a good way.
thinkorswim desktop Earnings Analysis: If you trade on expected earnings, the thinkorswim Earnings Analysis tool is a favorite for planning ahead for earnings releases and assessing each company's results afterward. It plots price action and volatility before and after previous releases, and pulls data from Wall Street analysts and crowd-sourced ratings from Estimize to plot EPS estimate ranges alongside actual results. The whole experience brings clarity with much less noise.
thinkorswim web: Compared to thinkorswim desktop, thinkorswim web gives traders an easy way to quickly manage their account while accessing essential trading features. For example, headlines stream from top-tier providers such as Dow Jones Newswire and charts come with 30 indicators.
thinkorswim web trading tools: While thinkorswim web appears simple on the surface, there are a handful of advanced functions underneath the hood. For example, you can place multi-legged options orders and choose from five default strategies, all from within the same trading window within charts. And when you create an order, it is saved on the same page as the ticker symbol, so if you switch views to another symbol and then come back, the order is still there until you execute or delete it.
TD Ameritrade thinkorswim galleries
| Feature | |
|---|---|
| Active Trading Platforminfo | thinkorswim |
| Desktop Trading Platforminfo | Yes |
| Desktop Platform (Mac)info | Yes |
| Web Trading Platforminfo | Yes |
| Paper Tradinginfo | Yes |
| Trade Journalinfo | Yes |
| Watch Lists - Total Fieldsinfo | 514 |
| Charting - Indicators / Studiesinfo | 429 |
| Charting - Drawing Toolsinfo | 24 |
| Charting - Study Customizationsinfo | 9 |
| Charting - Save Profilesinfo | Yes |
| Trade Ideas - Technical Analysisinfo | Yes |
| Streaming Time & Salesinfo | Yes |
| Trade Ideas - Backtestinginfo | Yes |
View More
Research
Thanks to the TD Ameritrade Network and a unique lineup of tools, TD Ameritrade offers investors a substantial research offering.
Stock research: TD Ameritrade shines in stock research, offering a wide range of options. ResearchTeam reports consolidate third-party research into a single ranking, stock scanners in thinkorswim can be customized, Market Edge provides insight into technical analysis, and a host of webcasts and research articles add to the robust offering.
TV network and video: The TD Ameritrade Network, TD Ameritrade's live streaming financial network, broadcasts live every day from 8 a.m. to 5 p.m. Eastern and includes an excellent mix of market analysis and trader education. Schwab is the only other online broker to offer live broadcasting during market hours. TD Ameritrade also provides streaming TV from CNBC for the U.S., Europe, and Asia trading sessions.
Market commentary: TD Ameritrade provides written daily market commentary and analysis through the Ticker Tape portal. Content is widespread, covering day-to-day markets as well as general finance, savings, retirement, and trader education. Together with the Ticker Tape, TD Ameritrade publishes thinkMoney, a quarterly print (and digital) magazine, which focuses entirely on education. The bottom line is that for stock and options trading, TD Ameritrade is a standout. For long-term investing and retirement-related content, we prefer Fidelity Viewpoints and Schwab Insights.
Social sentiment: Social sentiment data is available within thinkorswim that tracks the number of times a symbol was mentioned on Twitter and includes rankings. For example, if you pull up a chart of Tesla (TSLA), you can see the social sentiment displayed on the chart, including the percentage of negative, neutral, and positive mentions.
Community features: On thinkorswim, traders can utilize chat rooms, share trade ideas through myTrade and see the trades shared by others from within the Trade Fees section. When we visited a couple of chat rooms, we found them relatively quiet compared to the deluge of investor posts that can be found in the feeds of eToro and Webull.
| Feature | |
|---|---|
| Research - Stocksinfo | Yes |
| Stock Research - ESGinfo | No |
| Stock Research - PDF Reportsinfo | 6 |
| Screener - Stocksinfo | Yes |
| Research - ETFsinfo | Yes |
| Screener - ETFsinfo | Yes |
| Research - Mutual Fundsinfo | Yes |
| Screener - Mutual Fundsinfo | Yes |
| Research - Pink Sheets / OTCBBinfo | Yes |
| Research - Bondsinfo | Yes |
Education
There is no better broker for learning the basics of the stock market than TD Ameritrade. Excellent education makes it an easy winner for beginners.
Learning center: Organized into courses with quizzes, over 200 videos are available, which all include progress tracking. Also provided each month are hundreds of webinars and educational sessions, and education is also broadcast through the TD Ameritrade Network.
TD Ameritrade publishes its own magazine, thinkMoney, and blog on the Ticker Tape. Finally, the thinkorswim Learning Center provides advanced education on all things technical analysis related, including coding custom indicators.
Podcasts and other media: I found the six episodes in the Talking Green podcast to be excellent, with insights into behavioral finance to help you improve your relationship with money. In addition, TD Ameritrade has several YouTube channels, including one dedicated to its Trader Talks series with over 1,000 archived webcasts.
| Feature | |
|---|---|
| Education (Stocks)info | Yes |
| Education (ETFs)info | Yes |
| Education (Options)info | Yes |
| Education (Mutual Funds)info | Yes |
| Education (Bonds)info | Yes |
| Education (Retirement)info | Yes |
| Paper Tradinginfo | Yes |
| Videosinfo | Yes |
| Webinarsinfo | Yes |
| Webinars (Archived)info | Yes |
| Progress Trackinginfo | Yes |
| Interactive Learning - Quizzesinfo | Yes |
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Banking services
TD Ameritrade provides essential banking services to customers online and through retail service centers across the United States.
Like its closest competitors, TD Ameritrade offers mobile check deposit, online bill pay, and ATM fee reimbursem*nt. TD Ameritrade also offers cash management accounts with FDIC-insurance protection.
| Feature | |
|---|---|
| Bank (Member FDIC)info | No |
| Checking Accountsinfo | Yes |
| Savings Accountsinfo | No |
| Credit Cardsinfo | Yes |
| Debit Cardsinfo | Yes |
| Mortgage Loansinfo | No |
Final thoughts
With Schwab's acquisition of TD Ameritrade, investors and traders will need to decide whether they're willing to be clients of Charles Schwab. That's not a sacrifice; we rate Charles Schwab very highly and are fans of the powerful thinkorswim trading platforms. If you are okay waiting a bit for thinkorswim, we suggest you open a new account at Schwab instead of TD Ameritrade.
Here are our three top takeaways for TD Ameritrade for 2023.
- TD Ameritrade was our best platform for beginners in 2023, thanks to industry-leading education and research, an easy-to-use website and a separate mobile app built specifically for everyday investors.
- Through the top-ranked thinkorswim trading platform, which comes in desktop, browser, and mobile flavors, TD Ameritrade delivered excellence for all active traders, including day traders, options traders, and futures traders. (2024 update: thinkorswim is now available at Charles Schwab.)
- TD Ameritrade’s breadth of tools and content will satisfy the needs of almost every investor.
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Is TD Ameritrade good?
TD Ameritrade is an excellent choice for investors and traders. It’s one of the largest brokerages in America, with over $6 trillion in customer assets, and is trusted by over 28 million customers.
TD Ameritrade delivers the best stock trading app for beginners and is our top choice in 2023. Charles Schwab’s acquisition of TD Ameritrade has further strengthened the brand’s position as a market leader.
Is TD Ameritrade trustworthy?
TD Ameritrade is trustworthy, as is its new corporate parent, Charles Schwab, which bought the company in October 2020. Your U.S. brokerage account is protected in the very unlikely event of TDA becoming insolvent by the Securities Investor Protection Corporation to the limits of $500,000 per customer, including a maximum of $250,000 cash. The firm has secured additional third-party coverage for accounts that exceed SIPC limits. This coverage doesn’t protect against investment losses.
Is TD Ameritrade good for beginners?
TD Ameritrade was our top pick among platforms for beginners in 2023. The mobile app is easy to use and there is no minimum investment requirement to open a TD Ameritrade account. The broker’s educational and research content are top-notch. For example, we observed a trading class webinar and the instructor greeted several participants by name.
How much money do you need to open a TD Ameritrade account?
TD Ameritrade does not charge to open an account and there are no account minimums and inactivity fees. There is a $2,000 minimum account balance requirement for margin and options trading.
Does TD Ameritrade charge a monthly fee?
While there are generally no fees for maintaining your TD Ameritrade account — regardless of balance — there are certain service fees that you may incur depending on how you set up your account.
For example, there is a $2 fee for monthly paper statements for accounts with less than $10,000 in liquidation value, but the fee is waived if you opt for electronic statements instead.
Can you lose money on TD Ameritrade?
As with all brokers, you can lose money at TD Ameritrade because investment prices fluctuate and, sometimes, they can fluctuate the wrong way. Your investing results will be far more affected by your knowledge, self-discipline, and time in the market.
About TD Ameritrade
Headquartered in Omaha, Nebraska, TD Ameritrade was founded in 1975 as one of the first online brokerages in the United States. In 2019, Charles Schwab announced it was acquiring TD Ameritrade in an all-stock transaction valued at approximately $26 billion. At the time of closing in 2020, the combined company housed roughly $6 trillion in assets and 28 million brokerage accounts.
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As part of our process, all brokers had the annual opportunity to provide updates and key milestones and complete an in-depth data profile, which we hand-checked for accuracy. Brokers also were offered the opportunity to provide executive time for an annual update meeting.
Our rigorous data validation process yields an error rate of less than .001% each year, providing site visitors quality data they can trust. Learn more about how we test.
TD Ameritrade fees and features data
The data collection efforts at StockBrokers.com are unmatched in the industry. The following tables show a deeper dive into the offerings available at this broker. You can also compare its offerings side-by-side with those of other brokers using our Comparison Tool.
In addition to meticulous annual data collection by our in-house analyst, every broker that participates in our review is afforded the opportunity to complete an in-depth data profile. We then audit each data point to ensure its accuracy.
Trading fees
| Feature | |
|---|---|
| Minimum Deposit | $0.00 |
| Stock Trades | $0.00 |
| Mutual Fund Trade Fee | Varies |
| Options (Base Fee) | $0.00 |
| Options (Per Contract) | $0.65 |
| Futures (Per Contract) | $2.25 |
| Broker Assisted Trade Fee | $25 |
Account fees
| Feature | |
|---|---|
| IRA Annual Fee | $0.00 |
| IRA Closure Fee | $0.00 |
| Account Transfer Out (Partial)info | $0.00 |
| Account Transfer Out (Full)info | $75.00 |
| Options Exercise Fee | $0.00 |
| Options Assignment Fee | $0.00 |
Margin rates
| Feature | |
|---|---|
| Margin Rate Under $25,000 | 14.75% info |
| Margin Rate $25,000 to $49,999.99 | 14.25% |
| Margin Rate $50,000 to $99,999.99 | 13.25% |
| Margin Rate $100,000 to $249,999.99 | 13% |
| Margin Rate $250,000 to $499,999.99 | 12.75% |
| Margin Rate $500,000 to $999,999.99 | Varies info |
| Margin Rate Above $1,000,000 | Varies info |
Investment options
| Feature | |
|---|---|
| Stock Tradinginfo | Yes |
| Margin Trading | Yes |
| Fractional Sharesinfo | No |
| OTC Stocksinfo | Yes |
| Options Tradinginfo | Yes |
| Complex Options Max Legsinfo | 4 |
| Futures Tradinginfo | Yes |
| Forex Tradinginfo | Yes |
| Crypto Tradinginfo | No |
| Crypto Trading - Total Coinsinfo | 0 |
| Mutual Funds (No Load)info | 3698 |
| Mutual Funds (Total)info | 5876 |
| Bonds (US Treasury)info | Yes |
| Bonds (Corporate)info | Yes |
| Bonds (Municipal)info | Yes |
| Advisor Servicesinfo | Yes |
| International Countries (Stocks)info | 0 |
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Order types
| Feature | |
|---|---|
| Order Type - Marketinfo | Yes |
| Order Type - Limitinfo | Yes |
| Order Type - After Hoursinfo | Yes |
| Order Type - Stopinfo | Yes |
| Order Type - Trailing Stopinfo | Yes |
| Order Type - OCOinfo | Yes |
| Order Type - OTOinfo | Yes |
| Order Type - Broker Assistedinfo | Yes |
Beginners
| Feature | |
|---|---|
| Education (Stocks)info | Yes |
| Education (ETFs)info | Yes |
| Education (Options)info | Yes |
| Education (Mutual Funds)info | Yes |
| Education (Bonds)info | Yes |
| Education (Retirement)info | Yes |
| Retirement Calculatorinfo | Yes |
| Investor Dictionaryinfo | Yes |
| Paper Tradinginfo | Yes |
| Videosinfo | Yes |
| Webinarsinfo | Yes |
| Webinars (Archived)info | Yes |
| Progress Trackinginfo | Yes |
| Interactive Learning - Quizzesinfo | Yes |
View More
Stock trading apps
| Feature | |
|---|---|
| iPhone Appinfo | Yes |
| Android Appinfo | Yes |
| Apple Watch Appinfo | Yes |
| Trading - Stocksinfo | Yes |
| Trading - After-Hoursinfo | Yes |
| Trading - Simple Optionsinfo | Yes |
| Trading - Complex Optionsinfo | Yes |
| Order Ticket RT Quotesinfo | Yes |
| Order Ticket SRT Quotesinfo | Yes |
Stock app features
| Feature | |
|---|---|
| Market Movers (Top Gainers)info | Yes |
| Stream Live TVinfo | Yes |
| Videos on Demandinfo | Yes |
| Stock Alertsinfo | Yes |
| Option Chains Viewableinfo | Yes |
| Watch List (Real-time)info | Yes |
| Watch List (Streaming)info | Yes |
| Watch Lists - Create & Manageinfo | Yes |
| Watch Lists - Column Customizationinfo | Yes |
| Watch Lists - Total Fieldsinfo | 514 |
Stock app charting
| Feature | |
|---|---|
| Charting - After-Hoursinfo | Yes |
| Charting - Can Turn Horizontallyinfo | Yes |
| Charting - Multiple Time Framesinfo | Yes |
| Charting - Technical Studiesinfo | 400 |
| Charting - Study Customizationsinfo | Yes |
| Charting - Stock Comparisonsinfo | Yes |
Trading platforms overview
| Feature | |
|---|---|
| Active Trading Platforminfo | thinkorswim |
| Desktop Trading Platforminfo | Yes |
| Desktop Platform (Mac)info | Yes |
| Web Trading Platforminfo | Yes |
| Paper Tradinginfo | Yes |
| Trade Journalinfo | Yes |
| Watch Lists - Total Fieldsinfo | 514 |
Trading platform stock chart features
| Feature | |
|---|---|
| Charting - Adjust Trades on Chartinfo | Yes |
| Charting - Indicators / Studiesinfo | 429 |
| Charting - Drawing Toolsinfo | 24 |
| Charting - Notesinfo | Yes |
| Charting - Index Overlaysinfo | Yes |
| Charting - Historical Tradesinfo | Yes |
| Charting - Corporate Eventsinfo | Yes |
| Charting - Custom Date Rangeinfo | Yes |
| Charting - Custom Time Barsinfo | Yes |
| Charting - Automated Analysisinfo | Yes |
| Charting - Save Profilesinfo | Yes |
| Trade Ideas - Technical Analysisinfo | Yes |
| Charting - Study Customizationsinfo | 9 |
| Charting - Custom Studiesinfo | Yes |
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Day trading features
| Feature | |
|---|---|
| Streaming Time & Salesinfo | Yes |
| Streaming TVinfo | Yes |
| Direct Market Routing - Stocksinfo | Yes |
| Ladder Tradinginfo | Yes |
| Trade Hot Keysinfo | Yes |
| Level 2 Quotes - Stocksinfo | Yes |
| Trade Ideas - Backtestinginfo | Yes |
| Trade Ideas - Backtesting Advinfo | Yes |
| Short Locatorinfo | No |
| Order Liquidity Rebatesinfo | No |
Investment research overview
| Feature | |
|---|---|
| Research - Stocksinfo | Yes |
| Research - ETFsinfo | Yes |
| Research - Mutual Fundsinfo | Yes |
| Research - Pink Sheets / OTCBBinfo | Yes |
| Research - Bondsinfo | Yes |
| Screener - Stocksinfo | Yes |
| Screener - ETFsinfo | Yes |
| Screener - Mutual Fundsinfo | Yes |
| Screener - Bondsinfo | Yes |
| Misc - Portfolio Allocationinfo | Yes |
Stock research features
| Feature | |
|---|---|
| Stock Research - PDF Reportsinfo | 6 |
| Stock Research - Earningsinfo | Yes |
| Stock Research - Insidersinfo | Yes |
| Stock Research - Socialinfo | Yes |
| Stock Research - Newsinfo | Yes |
| Stock Research - ESGinfo | No |
| Stock Research - SEC Filingsinfo | Yes |
ETF research features
| Feature | |
|---|---|
| ETFs - Strategy Overviewinfo | Yes |
| ETF Fund Facts - Inception Dateinfo | Yes |
| ETF Fund Facts - Expense Ratioinfo | Yes |
| ETF Fund Facts - Net Assetsinfo | Yes |
| ETF Fund Facts - Total Holdingsinfo | No |
| ETFs - Top 10 Holdingsinfo | Yes |
| ETFs - Sector Exposureinfo | Yes |
| ETFs - Risk Analysisinfo | Yes |
| ETFs - Ratingsinfo | Yes |
| ETFs - Morningstar StyleMapinfo | Yes |
| ETFs - PDF Reportsinfo | Yes |
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Mutual fund research features
| Feature | |
|---|---|
| Mutual Funds - Strategy Overviewinfo | Yes |
| Mutual Funds - Performance Chartinfo | Yes |
| Mutual Funds - Performance Analysisinfo | Yes |
| Mutual Funds - Prospectusinfo | Yes |
| Mutual Funds - 3rd Party Ratingsinfo | Yes |
| Mutual Funds - Fees Breakdowninfo | Yes |
| Mutual Funds - Top 10 Holdingsinfo | Yes |
| Mutual Funds - Asset Allocationinfo | Yes |
| Mutual Funds - Sector Allocationinfo | Yes |
| Mutual Funds - Country Allocationinfo | No |
| Mutual Funds - StyleMapinfo | Yes |
View More
Options trading overview
| Feature | |
|---|---|
| Option Chains - Basic Viewinfo | Yes |
| Option Chains - Strategy Viewinfo | Yes |
| Option Chains - Streaminginfo | Yes |
| Option Chains - Total Columnsinfo | 35 |
| Option Chains - Greeksinfo | 5 |
| Option Chains - Quick Analysisinfo | Yes |
| Option Analysis - P&L Chartsinfo | Yes |
| Option Probability Analysisinfo | Yes |
| Option Probability Analysis Advinfo | Yes |
| Option Positions - Greeksinfo | Yes |
| Option Positions - Greeks Streaminginfo | Yes |
| Option Positions - Adv Analysisinfo | Yes |
| Option Positions - Rollinginfo | Yes |
| Option Positions - Groupinginfo | Yes |
View More
Banking features
| Feature | |
|---|---|
| Bank (Member FDIC)info | No |
| Checking Accountsinfo | Yes |
| Savings Accountsinfo | No |
| Credit Cardsinfo | Yes |
| Debit Cardsinfo | Yes |
| Mortgage Loansinfo | No |
Customer service options
| Feature | |
|---|---|
| Phone Support (Prospect Customers)info | Yes |
| Phone Support (Current Customers)info | Yes |
| Email Supportinfo | Yes |
| Live Chat (Prospect Customers)info | Yes |
| Live Chat (Current Customers)info | Yes |
| 24/7 Supportinfo | Yes |
References
Schwab Acquisition of TD Ameritrade
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About the Editorial Team
Sam Levine, CFA, CMT
Sam Levine has over 30 years of experience in the investing field as a portfolio manager, financial consultant, investment strategist and writer. He also taught investing as an adjunct professor of finance at Wayne State University. Sam holds the Chartered Financial Analyst and the Chartered Market Technician designations and is pursuing a master's in personal financial planning at the College for Financial Planning. Previously, he was a contributing editor at BetterInvesting Magazine and a contributor to The Penny Hoarder and other media outlets.
Carolyn Kimball
Carolyn Kimball is managing editor for Reink Media and the lead editor for the StockBrokers.com Annual Review. Carolyn has more than 20 years of writing and editing experience at major media outlets including NerdWallet, the Los Angeles Times and the San Jose Mercury News. She specializes in coverage of personal financial products and services, wielding her editing skills to clarify complex (some might say befuddling) topics to help consumers make informed decisions about their money.
Steven Hatzakis
Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.
Blain Reinkensmeyer
Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.
