Charles Schwab vs TD Ameritrade

Charles Schwab vs TD Ameritrade Comparison Table 2023
Charles Schwab	TD Ameritrade
Review 2.8 Charles Schwab is #33 in our broker rankings.	Review 4 TD Ameritrade is #33 in our broker rankings.
Traders from US accepted	Traders from US accepted
Charles Schwab is a large US investment broker offering a massive range of stocks, ETFs and equity derivatives in a variety of savings and investment accounts	One of the largest discount brokers in the US, with a fixed trading commission and access to a large array of trading products and securities.
Pros
	Low minimum deposit Good execution speed Full range of instruments Strong regulation Demo account
Cons
	No copy trading Few payment methods No MetaTrader 4 integration
Awards
	Best Broker for Beginners 2022 - Investopedia Best Online Broker Awards Best Online Broker for Stock Trading Platform and Research 2022 - NerdWallet's Best-Of Awards #1 Platform & Tools, #1 Active Trading, #1 Options Trading, #1 Customer Service, and #1 Phone Support 2022 - StockBrokers.com Online Broker Review
Instruments
Stocks, Futures, Options, Crypto, ETFs	Stocks, Futures, E-minis, Options, Forex, Crypto, ETFs, Volatility Index
Demo Account
Yes	Yes
Minimum Deposit
$1	$0
Payment Methods
ACH Transfer Automated Customer Account Transfer Service TransferWise Wire Transfer	ACH Transfer Automated Customer Account Transfer Service Cheque TransferWise Wire Transfer
Minimum Trade
1	None
Regulator
SEC, FINRA, FCA1	SEC, FINRA, CFTC
Margin Trading
No	Yes
MetaTrader 4
No	No
MetaTrader 5
No	No
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	No
Autochartist
No	Yes
eSignal
No	Yes
Trading Central
No	No
STP Account
No	No
ECN Account
No	No
DMA Account
No	Yes
MAM Account
No	Yes
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
Yes	No
Robo Advisor
Yes	Yes
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	No
Mobile Apps
iOS & Android	iOS & Android
Auto Trading
Yes	Yes - Auto trading available via bots
Copy Trading
No	No
Social Trading
No	No
Trade Signals
	Yes
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
Yes	Yes
Custodial Account
Yes	Yes
Guaranteed Stop Loss
No	No
Inactivity Fee
	None
Islamic Account
No	No
Account Currencies
USD	USD
Stock Exchanges
	Dow Jones Japan Exchange Group Nasdaq New York Stock Exchange S&P 500 Toronto Stock Exchange Taiwan Stock Exchange
Commodities
Soybeans	Cocoa Coffee Copper Corn Cotton Gasoline Gold Livestock Natural Gas Oil Palladium Platinum Silver Soybeans Sugar Wheat
Forex Trading
Forex trading not offered	Trade 75+ major and minor currency pairs with floating spreads.
Forex App
	TD Ameritrade offers currency trading via Android and iOS mobile and tablet apps. Users can speculate on over 75 currency pairs with low fees and advanced trading tools. Deposit funds and manage accounts in a few clicks.
GBPUSD Spread
	Variable
EURUSD Spread
	Variable
EURGBP Spread
	Variable
Assets
	75+
Cryptocurrency
Charles Schwab supports indirect crypto trading through digital coin trusts and crypto-related stocks.	Invest in cryptocurrency via OTC Trusts, ETFs, mutual funds and Bitcoin futures
Spread
Floating	Commission fees apply
Coins
GBTC BITW	BTC ETH MBT MET
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
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