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Charles Schwab vs. TD Ameritrade 2019

Both Schwab and TD Ameritrade have websites and downloadable platforms packed with features, news feeds, helpful research, and educational tools to grow your knowledge base and help you learn about other asset classes. Both were ranked in our top 5; TD Ameritrade’s slightly higher costs structure generated fewer points than Schwab’s.

Choosing between these two comes down to personal preference, and perhaps the geographic availability of one of their offices. Very active derivatives traders may prefer TD Ameritrade’s thinkorswim platform, while fundamental-minded stock and ETF traders will appreciate Charles Schwab’s proprietary equity ratings and research.

TD Ameritrade lets you open an account for free. Schwab lets you open an account without funding it also, but there’s a catch: clients must also open a free, no minimum High Yield Investor Checking account linked to the Schwab One brokerage account. Without the link there is a $100 minimum with a $100/month direct deposit or $1,000 minimum for the Schwab One brokerage account.

  • Account Minimum: $0
  • Fees: $4.95 per trade
  • Award: Best for IRA

  • Account Minimum: $0
  • Fees: $6.95 for stock and ETF trades, $6.95 per leg plus $0.75 for options
  • Awards: Best for Beginners and Expert Traders

Trade Experience

Mobile and Emerging Tech

News and Research

Education and Security

TD Ameritrade has made education a major focus, bringing it onto their trading platform and expanding the amount and depth of their content. They have produced hundreds of 2-minute videos that can be found all over the Internet. The TD Ameritrade Network produces original video content every trading day. Logging in from an unfamiliar device will prompt challenge questions and additional authentication.

Education and Security

Charles Schwab

  • Schwab Live Daily provides 4-7 hours of video content every trading day
  • The Schwab Learning Center covers a wide and deep range of educational content
  • Schwab’s security guarantee covers 100% of any losses in any Schwab accounts due to unauthorized activity.

TD Ameritrade

  • The TD Ameritrade Network streams original video content throughout the trading day
  • Hundreds of short videos on a wide array of investing topics
  • Logging in from an unfamiliar device generates challenge questions, plus TD Ameritrade offers a security guarantee


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About Amy Harvey

Amy R. Harvey writes forStartUps Sections In AmericaRichest.

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