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E*TRADE vs TD Ameritrade (best trading apps / software)

Compare
Winner
Ease of use
Educational Resources
Market Research
Customer Service
Mobile App
Fees
Account Types
Security
Trading Options
Special Features
FREE / PAID
TD Ameritrade primarily earns from services fees and commission on trades 💰. They offer zero commission on online stock, ETF, and option trades. The cost for broker-assisted trades is $25 💼.
E*TRADE monetizes through trade fees 💵. Regular stock and ETF trades are free, while options trades cost $0.65 per contract. Broker-assisted trades cost $25 🏦.
Conclusion

TD Ameritrade shines 🌟 with its beginner-friendly platform and fantastic educational resources 🎓. No trading fees is a bonus 🎉!

E*TRADE is excellent for experienced traders 🙌, though beginners might find it challenging 🧗‍♂️. Good for research and data 📊.

TD Ameritrade Pros & Cons

Top Pros
  • Easy to use, especially for beginners 👶

  • Exceptional educational resources 📚

  • Free trading on most offerings 👛

  • Excellent mobile app 📱

  • Wide array of account types 🗂️

E*TRADE Pros & Cons

Top Pros
  • Strong data and research 📊

  • Wide range of available account types 📂

  • High level of security 👮‍♂️

  • User-friendly mobile app 📱

  • Excellent customer service 🙋‍♂️

  • Varied trading options 💹

Top Cons
  • Some special features are lacking 🧩

  • Not the best for international trading 🌍

  • Some fees on specialty accounts 💸

  • Higher margin rates 📈

  • Limited access to high-yield savings ⏳

  • Less comprehensive trading options 🔄

Top Cons
  • More complicated for beginners 😕

  • Higher than average fees 💸

  • Lacks certain special features 🧩

  • Limited international trading 🌐

  • Website can be difficult to navigate 🏞️

Other best trading apps

3

Robinhood’s easy-to-use interface✨, and commission-free trades makes it great for beginners🎈, but lacks comprehensive research tools🔍.

4

Fidelity provides a solid trade execution, valuable research🔎, and an easy-to-navigate site🌐, making it a top choice for all types of traders💼.

5

Charles Schwab offers an all-round service🔄, great for beginners and pros alike👥. It also has excellent customer service🏅, but its platform could be more intuitive🚀.

FAQ

There are several highly recommended trading apps in the market, including E*TRADE, TD Ameritrade, Robinhood, and Fidelity. These apps are widely recognized for their robust features, user-friendly interfaces, and excellent customer service.

E*TRADE is acclaimed for its wide range of investment options, advanced trading tools, including charts and risk analyzers. Moreover, its educational resources for beginners make it an excellent choice for new investors.

TD Ameritrade offers diverse trading options including stocks, bonds, ETFs, Forex, and futures. It also provides high-quality research tools, comprehensive investor education and outstanding customer service.

The E*TRADE mobile app is generally well-received for its user-friendly interface which allows for seamless navigation. Features like real-time quotes, interactive charts, and instant trade execution make the app easy to use for investors at all experience levels.

Yes, TD Ameritrade does offer international stock trading. However, this feature is only available for certain regions and comes with additional fees and requirements.

With E*TRADE, there is a wide range of accounts one can open, including individual and joint brokerage accounts, retirement accounts, custodial accounts, managed portfolios and small business retirement accounts.

Yes, TD Ameritrade provides a wealth of education resources, including articles, videos, webcasts, courses, and quizzes, on a wide range of trading topics. This makes it an excellent choice for beginner investors looking to learn more about the investing world.

E*TRADE offers $0 commission trades on U.S. listed stocks, ETFs, and options. However, it does charge $0.65 per contract for options trades, and its broker-assisted trades cost $25.

TD Ameritrade offers three platforms for trading: Web Platform for basic everyday investing, Trade Architect for more advanced trading strategies, and Thinkorswim for active traders.

Yes, E*TRADE is highly suitable for beginners. Its user-friendly interface and comprehensive educational resources make it easy for novice investors to navigate and learn about trading.

TD Ameritrade is recognized for its excellent customer service, offering 24/7 phone support, and live chat services. Their dedicated team of professionals are always ready to offer assistance.

E*TRADE maintains top-notch security measures including encryption and fraud protection to ensure your investments and personal details are secure.

Yes, TD Ameritrade offers a demo account through its paperMoney platform. This is a virtual trading tool that lets beginner investors familiarize themselves with the platform before they start real trading.

E*TRADE’s platform excels in terms of user experience compared to other traditional brokers. It offers advanced charting capabilities, customizable workspaces, and an all-in-one trade ticket. Additionally, comprehensive research tools and educational resources further strengthen its stand.

One distinctive feature of TD Ameritrade is their Thinkorswim platform, which offers comprehensive investment research tools, educational resources, and advanced trading capabilities. It also lets you test your strategies in a simulated trading environment.

To open an account with E*TRADE, you would need your social security number, employer’s address and phone number, and beneficiary’s social security number (if setting up an IRA account). The process is easy and can be completed online.

Yes, TD Ameritrade provides resources such as articles, blogs, webcasts and tools that are specifically designed to guide you in planning your retirement.

There is no required minimum deposit to open an E*TRADE Basic Brokerage Account. However, certain types of accounts and investments may require a minimum deposit.

In October 2019, TD Ameritrade eliminated its base commission fee for online exchange-listed stock, ETFs, and option trades, making it more cost-friendly for investors.

Yes, with robust research tools, advanced trading platform and competitive pricing, E*TRADE presents a compelling option for active traders.

Some of the top-rated trading applications include E*TRADE, TD Ameritrade, Robinhood, and Interactive Brokers. These platforms all provide a range of features tailored to suit different types of traders, from beginners to experienced.

E*TRADE is equipped with powerful tools that aid traders in their investment strategies. These include real-time quotes, advanced charting, risk analysis tools, and extensive research resources. It also offers retirement planning and financial consultation services. More details can be found on their website.

TD Ameritrade is known for its comprehensive features including an easy-to-use interface, high-quality research tools, a wide range of investment options, and exceptional customer service. It’s regarded as an excellent choice for both novice and experienced investors and traders. Details are available on their website.

The minimum deposit varies by platform. For E*TRADE, the minimum deposit is $500 for brokerage accounts, while there’s no minimum for TD Ameritrade. It is always beneficial to check the specific requirements of each platform before getting started.

Yes, both E*TRADE and TD Ameritrade have physical branches across the US. You can check the E*TRADE branch locator and the TD Ameritrade branch locator for the exact locations.

Both E*TRADE and TD Ameritrade offer a variety of account types including standard brokerage accounts, retirement accounts (IRAs), managed portfolios, and small business retirement plans among others.

Absolutely, each platform has a mobile app available for download on both iOS and Android devices. The E*TRADE and TD Ameritrade mobile apps offer intuitive user interfaces and a full suite of trading tools.

As of October 2019, both E*TRADE and TD Ameritrade have eliminated commission fees on online exchange-listed stock, ETF, and options trades.

E*TRADE is a versatile platform that suits a variety of investors including beginners, those seeking retirement planning, day traders who require advanced features, and long-term investors seeking steady growth.

TD Ameritrade is optimal for investors of all kinds — from beginners to advanced traders — although it’s particularly advantageous for those needing high-quality research tools and those interested in retirement planning.

Both apps rank highly based on user reviews. The E*TRADE mobile app has a 4.3 rating on the Apple App Store and a 4.2 rating on Google Play Store. Meanwhile, the TD Ameritrade mobile app is rated 4.5 on both platforms.

Yes, both E*TRADE and TD Ameritrade provide access to a virtual trading simulator that allows you to practice without risking actual money.

Both E*TRADE and TD Ameritrade use multiple layers of security to protect your information and investments, including advanced encryption technology. Furthermore, they are members of the SIPC, which provides limited coverage in case of bankruptcy.

Indeed! E*TRADE and TD Ameritrade offer exceptional research tools and resources to help investors take well-informed decisions. This includes market news, data analysis, reports from experts, and interactive charts.

E*TRADE and TD Ameritrade offer 24/7 customer support via phone, email, and live chat. They also accommodate in-person consultations at their physical branches.

Yes, both E*TRADE and TD Ameritrade offer extensive educational resources including articles, video tutorials, webinars, and in-app courses to empower investors with knowledge on various trading aspects.

E*TRADE and TD Ameritrade provide a wide range of trading options including stocks, ETFs, futures, options, mutual funds, bonds, and even forex trading on TD Ameritrade.

E*TRADE mainly offers trading in US-based securities, while TD Ameritrade has more extensive global trading options, including non-US stocks, as part of its platform.

Yes, you can fully manage your account settings and preferences on both the E*TRADE and TD Ameritrade apps. This includes personal details, security settings, communication preferences, and trading settings.

Definitely! E*TRADE and TD Ameritrade offer customized alerts on price movements, account changes, and other critical trading-related information, enabling you to stay updated in real time.