E*TRADE

E*TRADE was specifically launched in 1982 as a platform for online trading and it is now growing as one of the most famous brokerage firms. The reason behind its popularity is that it has the best trading platforms. It offers unlimited investment options, letting you invest in bonds, stocks, ETFs, mutual funds, forex, futures, and options. The platform also offers 4 managed investment options like core portfolio Robo advisor. It also has an online banking unit.

E*TRADE Trading Platforms

 

TD Ameritrade

Launched in 1971, TD Ameritrade has a tie-in with the TD Bank. The bank has over 1300 branches. While TD Ameritrade offers a comprehensive investment brokerage service, it also lets you bank via TD Bank. The financial professionals at the bank branches offer you an extensive face-to-face ability for your various investments. TD Ameritrade has a leading investment platform that is great for self-directed investors.

Brokerage Comparison

E*TRADE

TD Ameritrade

Features

  • Specialization in options trading

  • Large range of investment options

  • Over 4400 commission-free mutual funds

  • Discounted fees offered to regular options traders

  • Tie-in with the TD bank

  • Face-to-face element to investing activities

  • Low trading fees

  • Wonderful desktop trading platform

Trading Services

Stocks, ETFs, Bonds, Options, Mutual Funds, and Futures/Commodities

Stocks, Mutual Funds, ETFs, Options, Bonds, Futures/Commodities, and Forex

Minimum Deposit

$0

$0

Security Regulations

Regulated by FINRA and SEC. There is a high level of investor protection and SIPC coverage.

Regulated by FINRA and SEC. There is a high level of investor protection and SIPC coverage.

Uses advanced firewalls, intrusion detection, and anomaly detection technology to find unusual behavior.

Charges

  • Zero-commission ETF and online stocks trading

  • Option/Contract fee: $0.65

  • Mutual Fund trade fee: $19.99

  • Broker Assisted trade fee: $25

  • Zero-commission ETF and online stocks trading

  • Option/Contract fee: $0.65

  • Mutual Fund trade fee: $49.99

  • Broker Assisted trade fee: $44.99

Mobile App

iOS and Android

iOS, Android, and Windows

Other Services

Robo Advisors, Different types of IRAs, and 30 local branches

Robo Advisors, Different types of IRAs, and 364 local branches plus over 1300 TD bank branches

Deposit & Withdrawal Methods

Both deposits and withdrawals can be made via bank transfer only

Both deposits and withdrawals can be done via bank transfers only

Education

Good educational material like trading platform tutorial, general educational videos, webinars, and quality educational articles

Great educational material including a demo account, general educational videos, platform tutorial videos, quality educational articles, and webinars.

Customer Support

Phone, Live Chat, and email

Phone, Chat, email, 24*7 Live Support

TD Ameritrade Features

Conclusion

Since both platforms have their specialization, both can be ideal based on your investment preferences. E*TRADE is ideal for the high-frequency traders who are looking for availability of education, tools, and support. While TD Ameritrade is perfect for those looking for the face-to-face advantage which comes with the various branches of the company. There is no one best between the two. It will depend on your specific investment preference and which platform would be best for you.