Compared to Robinhood, TDA offers a wider variety of trading products, more educational offerings, and more robust trading software—including the pro-level thinkorswim platform. While Robinhood and TDA have few similarities, we'll compare the two to help you decide which broker might be a better fit for your trading needs. Robinhood makes it easy to open and fund an account on its app or website, and there's no dollar minimum to open or maintain an account.
With TDA, you can also get started via app or website, but it's a bit more challenging to pick the appropriate account type due to the broker's broader range of offerings. Robinhood's website is sleek and easy to navigate, which may be a function of the broker's limited offerings. Its mobile app and website are similar enough that it's easy to bounce between the two interfaces.
Still, there's not much you can do to personalize the experience, which may be frustrating for experienced traders and investors who have come to expect that capability. TDA's website is fresh, well-organized, and easy to navigate, and you'll find a good variety of educational content, including articles, videos, webinars, and a glossary. While both brokers offer streaming quotes, TDA's are delayed by default, which means you could miss key market moves. However, you can enable real-time quotes in your account profile.
Overall, we found Robinhood makes a decent starting place for new traders, especially those who have a small account and want to trade just a share or two at a time—or those interested in a very narrow range of assets.
At the same time, TDA is a better fit for investors and traders of all experience levels who want a more robust and customizable trading experience and access to more products. Robinhood and TDA offer different trading experiences, but that may not be a surprise considering the two brokers' target customers. Robinhood's trading platform has limited functionality compared to many brokers including TDA. You can't customize anything, stage orders, or trade directly from the chart.
Moreover, while there's a simple trade ticket for equities, the order entry process for options is complicated. More importantly, Robinhood has been the subject of scrutiny and litigation due to recurring platform outages and trade restrictions. TDA offers a more robust and reliable trading experience. Casual traders will find everything they need on its web-based trading platform.
Thinkorswim is fully customizable, modern-looking, and offers a full suite of analysis tools. There's also a trading simulator that lets you create and test studies using the thinkScript programming language. Overall, TDA has a solid lead in terms of features and functionality. While Robinhood offers a web-based platform, it's a mobile-first company. The app targets investors who want a simple trading experience without any bells or whistles.
It's extremely easy to use, but you won't find many of the same tools that larger brokers offer. Still, you can trade all available asset classes and access streaming real-time quotes and charts.
Both are robust and offer a great deal of functionality, including charting and watchlists. Streaming real-time data is included, and you can trade the same asset classes on mobile as on the other platforms.
Robinhood has a 4. For TD Ameritrade customers it may be something of a moot point, however, as Charles Schwab begins integrating the broker into its own operations. That said, TD Ameritrade has many great things to offer investors today.
Investors looking for other brokers that provide meaningful research and education may want to look at Schwab, Fidelity Investments or Merrill Edge , the latter of which offers its in-house reports and research.
Bankrate is an independent, advertising-supported publisher and comparison service. Bankrate is compensated in exchange for featured placement of sponsored products and services, or your clicking on links posted on this website. This compensation may impact how, where and in what order products appear. Bankrate does not include all companies or all available products. We are an independent, advertising-supported comparison service.
Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence. Our articles, interactive tools, and hypothetical examples contain information to help you conduct research but are not intended to serve as investment advice, and we cannot guarantee that this information is applicable or accurate to your personal circumstances.
Any estimates based on past performance do not a guarantee future performance, and prior to making any investment you should discuss your specific investment needs or seek advice from a qualified professional. The offers that appear on this site are from companies that compensate us.
This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.
Exception Fees. Alternative Investments transaction fee. Mutual fund short-term redemption. Commission-free ETF short-term trading fee. Restricted security processing. Removal of Non Marketable Security. The fee normally averages from one to three cents per share, however the amount and timing of these fees can differ by ADR and are outlined in the ADR prospectus. Certain countries charge additional pass-through fees see below. View impacted securities.
View securities subject to the Italian FTT. Regulatory Fees. The "Section 31 Fee" applies to certain sell transactions, assessed at a rate consistent with Section 31 of the Securities Exchange Act of TD Ameritrade remits these fees to certain self-regulatory organizations and national securities exchanges, which in turn make payment to the SEC.
These fees are intended to cover the costs incurred by the government, including the SEC, for supervising and regulating the securities markets and securities professionals.
The rate is subject to annual and mid-year adjustments which may not be immediately known to TD Ameritrade; as a result, the fee assessed may differ from or exceed the actual amount of the fee applicable to your transaction. Any excess may be retained by TD Ameritrade. Fees are rounded to the nearest penny. Forex accounts are not available to residents of Ohio or Arizona. Taxes related to TD Ameritrade offers are your responsibility.
All Promotional items and cash received during the calendar year will be included on your consolidated Form Please consult a legal or tax advisor for the most recent changes to the U. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction, including, but not limited to persons residing in Australia, Canada, Hong Kong, Japan, Saudi Arabia, Singapore, UK, and the countries of the European Union.
TD Ameritrade, Inc. All rights reserved. Log in Open New Account. Home Pricing. Brokerage Fees. Get in touch Call or visit a branch. Go City, State, Zip. Open new account. Mutual Funds. Fixed Income. Fixed Income You have your choice of offerings ranging from the simplest CD to more complex, structured fixed-income investment at affordable pricing with TD Ameritrade.
Add bonds or CDs to your portfolio today. Placement fee from issuer Placement fee from issuer. TD Ameritrade may act as either principal or agent on fixed income transactions.
When acting as principal, TD Ameritrade will add a markup to any purchase, and subtract a markdown from every sale. This markup or markdown will be included in the price quoted to you.
0コメント