Overall, TD Ameritrade is the better option. However, buy-and-hold investors who value simplicity over bells and whistles may still prefer Vanguard despite limitations.
Comparison of Interactive Brokers vs TD Ameritrade Feature Interactive Brokers TD Ameritrade Commissions Low commissions on trades, options, futures, and ETFs Low commissions on trades, options, an...
Investment Information ; Min Initial Investment · 50,000 ; Min Initial Investment, IRA · -- ; Min Initial Investment, AIP · -- ; Min Subsequent Investment · 0 ; Min Subsequent Investment, IRA · -- ; Min Subsequent Investment, AIP · --
Investment Information ; Min Initial Investment · 50,000 ; Min Initial Investment, IRA · -- ; Min Initial Investment, AIP · -- ; Min Subsequent Investment · 0 ; Min Subsequent Investment, IRA · -- ; Min Subsequent Investment, AIP · --
Pros · World-class trading platforms · Detailed research reports and Education Center · Assets ranging from stocks and ETFs to derivatives like futures and options ; Cons · Thinkorswim can be overwhelming to inexperienced traders · Derivatives trading more costly than some competitors · Expensive margin rates
Investment Information ; Min Initial Investment · 3,000 ; Min Initial Investment, IRA · -- ; Min Initial Investment, AIP · -- ; Min Subsequent Investment · 0 ; Min Subsequent Investment, IRA · -- ; Min Subsequent Investment, AIP · --
Investment Information ; Min Initial Investment · 50,000 ; Min Initial Investment, IRA · -- ; Min Initial Investment, AIP · -- ; Min Subsequent Investment · 0 ; Min Subsequent Investment, IRA · -- ; Min Subsequent Investment, AIP · --
Investment Information ; Min Initial Investment · 3,000 ; Min Initial Investment, IRA · -- ; Min Initial Investment, AIP · -- ; Min Subsequent Investment · 0 ; Min Subsequent Investment, IRA · -- ; Min Subsequent Investment, AIP · --
Investment Information ; Min Initial Investment · 3,000 ; Min Initial Investment, IRA · -- ; Min Initial Investment, AIP · -- ; Min Subsequent Investment · 0 ; Min Subsequent Investment, IRA · -- ; Min Subsequent Investment, AIP · --
Category, Large Blend ; Fund Family, Vanguard ; Net Assets, 22.86B ; YTD Return, 19.64% ; Yield, 1.14% ; Morningstar Rating, ★ ★ ★ ★ ; Inception Date, Feb 24, 1999