TD Ameritrade vs. Robinhood: 2022 Comparison

TD Ameritrade and Robinhood both offer commission-free trading. But TD Ameritrade may appeal more to advanced, active traders due to a larger investment selection and high-powered trading platforms.
Chris Davis
By Chris Davis 
Edited by Arielle O'Shea

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The biggest difference between TD Ameritrade and Robinhood is that TD Ameritrade typically appeals to advanced, active traders, offering a wide investment selection, several high-quality trading platforms and a deep library of research and data. Robinhood, on the other hand, seeks to attract beginner investors who prioritize streamlined mobile trading and low costs.

Compare TD Ameritrade and Robinhood in detail below:

Robinhood
NerdWallet rating 

on Robinhood's website

Robinhood is best for:

  • Mobile users.

  • Individual taxable accounts and IRAs.

  • Margin accounts.

Robinhood at a glance

Account minimum

$0 for brokerage accounts, Robinhood Gold accounts and IRAs.

Stock trading costs

$0.

Options trades

$0. Options not currently available in IRAs.

Account fees (annual, transfer, closing, inactivity)

No annual, inactivity or ACH transfer fees. $100 ACAT outgoing transfer fee. (Robinhood Gold costs $5 a month.). Matching funds in IRAs may be taken back if money is withdrawn after less than five years.

Tradable securities

• Stocks. • ETFs. • Options. (Not available in IRAs.) • Cryptocurrency. (Not available in IRAs.) • American Depositary Receipts for over 650 global companies. • Fractional shares.

Crypto availability

15 coins in 48 states. (Not available in IRAs.)

Number of no-transaction-fee mutual funds

Not rated.

Trading platform

Web platform is simple but meets basic investor needs.

Mobile app

Mobile trading platform includes customizable alerts, news feed, candlestick charts and ability to listen live to earnings calls.

Research and data

News available from Benzinga, Reuters, Bloomberg and WSJ. Gold members have access to research from Morningstar, Nasdaq, Nasdaq Totalview level II Market Data for an additional $5 per month. Portfolio recommendations available for IRAs for no additional charge.

Customer support options (includes how easy it is to find key details on the website)

Email, social media, in-app request-to-call service 24/7.

TD Ameritrade
NerdWallet rating 

on TD Ameritrade's website

TD Ameritrade is best for:

  • Beginner investors.

  • Advanced traders.

  • Investor education/advice.

  • Fund investors.

TD Ameritrade at a glance

Account minimum

$0

Stock trading costs

$0

Options trades

$0.65 per contract.

Account fees (annual, transfer, closing, inactivity)

No annual or inactivity fee. $75 full transfer; $0 partial transfer.

Number of no-transaction-fee mutual funds

More than 1,600.

Tradable securities

  • Stocks.

  • Bonds.

  • Options.

  • Mutual funds.

  • ETFs.

  • Futures.

  • Forex.

  • Foreign ADRs.

  • IPOs for qualified accounts.

Crypto availability

No direct access to cryptocurrencies, but crypto coin trusts are available over-the-counter, and qualified clients can trade Bitcoin futures from CME.

Trading platform

Two platforms: TD Ameritrade web and thinkorswim (desktop).

Mobile app

TD Ameritrade mobile app, TDA thinkorswim app.

Research and data

Research, analysis, commentary and news available from 15 providers, including Argus, CFRA, Reuters, Vickers and Morningstar.

Customer support options (includes how easy it is to find key details on the website).

Phone, email and live chat support 24/7. In person at local branches. Support also available via text, Facebook Messenger, Twitter direct message, Apple Business Chat and Amazon Alexa.

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NerdWallet rating 

5.0

/5
NerdWallet rating 

5.0

/5
NerdWallet rating 

5.0

/5

Fees 

$0

per trade for online U.S. stocks and ETFs

Fees 

$0.005

per share; as low as $0.0005 with volume discounts

Fees 

$0

per trade

Account minimum 

$0

Account minimum 

$0

Account minimum 

$0

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Methodology

How do we review brokers?

NerdWallet’s comprehensive review process evaluates and ranks the largest U.S. brokers by assets under management, along with emerging industry players. Our aim is to provide an independent assessment of providers to help arm you with information to make sound, informed judgements on which ones will best meet your needs. We adhere to strict guidelines for editorial integrity.

We collect data directly from providers through detailed questionnaires, and conduct first-hand testing and observation through provider demonstrations. The questionnaire answers, combined with demonstrations, interviews of personnel at the providers and our specialists’ hands-on research, fuel our proprietary assessment process that scores each provider’s performance across more than 20 factors. The final output produces star ratings from poor (one star) to excellent (five stars).

For more details about the categories considered when rating brokers and our process, read our full methodology.

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