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E*Trade vs TD Ameritrade Reddit Reviews (2021): Whose Mobile Trading Platform Is Better?

Robinhood’s commission-free trading drove major brokers such as E*Trade and TD Ameritrade to offer free stock, ETF, and options trading as well. As these reputable financial firms have similar offerings and pricing, traders on Reddit who are debating between E*Trade and TD Ameritrade consider their platforms, especially the mobile version, as one of the top determining factors. Here’s what Reddit users have to say about their interface.

E*Trade vs TD Ameritrade: Reddit Reviews

Reddit users agree that TD Ameritrade’s thinkorswim platforms are superior to E*Trade and Power E*Trade

Td ameritrade thinkorswim reddit

Redditors are in unison that TD Ameritrade’s thinkorswim is the best platform out there 

When Reddit CrashNT asked on subreddit StockMarket which platform is better, E*Trade or TD Ameritrade, the answers were unanimous: TD Ameritrade’s thinkorswim. Before we delve into the helpful comments we found, it is worth mentioning that TD Ameritrade offers the following desktop, web, and mobile platforms: TD Ameritrade and thinkorswim. Almost wherever you look on Reddit, users rave about thinkorswim.

Reddit user ActualBP provides a detailed comparison of his experience with both E*Trade and TD Ameritrade in his comment:

etrade vs td ameritrade reddit (4)

TD Ameritrade’s thinkorswim offers topnotch research and planning tools and customizations without compromising ease of use. It’s easy to switch from mobile to desktop as well as the interface is similar. Reddit users benignacct and T_O_beats agree with ActualBP’s comment above: 

td ameritrade reddit

etrade vs td ameritrade reddit (6)

For traders who are always on the go, TD Ameritrade and its thinkorswim platform is hard to beat. 

Research and Analysis Tools 

Both E*Trade and TD Ameritrade deliver extensive research tools, but Reddit users say thinkorswim comes out on top

TD ameritrade reddit

Those who use the two brokers alongside each other opt to do their research on TD Ameritrade

Making a sound buying and selling decision requires research and analysis of market trends, and TD Ameritrade’s charts and friendly platform makes researching less of a chore. E*Trade also offers extensive research tools, but it can’t compete against TD Ameritrade’s. As Reddit user OPT_HUNTER puts it:

etrade vs td ameritrade reddit (7)

TD Ameritrade’s thinkorswim does come with a higher learning curve than other platforms, something you might find overwhelming if you’re switching from more streamlined platforms like Robinhood’s. However, TD Ameritrade has a wide array of tutorials and events to help users get started and maximize its features. Redditor gayweatherthrow found these webcasts and instructional videos valuable resources:  
  TD Ameritrade thinkorswim reddit

Commission and Fees

Both offer commission-free trading and charge a certain fee for every options contract

E*Trade options reddit

A look at E*Trade’s snapshot analysis for options trading

E*Trade and TD Ameritrade offer similar products and pricing. They both offer free stock, ETF, and options trading and charge a fee for every options contract. For every options contract, there’s a fee of $0.65. Where they differ is with E*Trade, the cost of every options contract gets reduced to $0.50 if you process 30 or more stock, options, and ETF trades every quarter. If you’re a heavy options trader, this is something worth considering. 

E*Trade vs TD Ameritrade Comparison Chart

Investing PlatformE*TradeTD Ameritrade 
Account Minimum$O$O
FeesFree stock and ETF trading,  $0.65 cents for every options contract which gets reduced to $0.50 for executions of 30 contracts or more per quarter, $1.50 for futures contractsFree stock and ETF trading, $0.65 cents for every options contract, $6.95 for over-the-counter stock trading
Account TypesBrokerage, Retirement, Managed Portfolios, Small Business RetirementStandard, Retirement, Education, Specialty, Managed Portfolios, Margin Trading
Cryptocurrency TradingYes (Bitcoin Futures)Yes (Bitcoin Futures)
Fractional SharesYesYes
Short SellingYesYes
Stocks, ETFs, Options, Mutual Funds, BondsYesYes
Forex, International ExchangeNoYes
Cash ManagementYesYes
Penny StocksYesYes
Research ToolsAdvancedAdvanced

Verdict

Reddit users are confident that TD Ameritrade and thinkorswim are easily the best trading and investing platforms

etrade vs td ameritrade reddit (1)

Lower fees and a wider range of offerings are not the only factors major firms focus on anymore to stay competitive. Neither is it enough that they provide a massive library of research and analysis tools. It is crucial that the platform is thoughtfully-designed, comprehensive, and still manage to stay user-friendly, and Reddit users attest that TD Ameritrade has achieved that perfect balance. 
Where E*Trade has an edge over TD Ameritrade is in its lower options contract fee. If you’re a heavy trader who easily makes 30 or more trades every quarter, then E*Trade’s lower options contract fee is something you can take advantage of. What other traders on Reddit do is use TD Ameritrade’s charts and tools and execute their options trades on E*Trade. If you don’t trade options as much, then TD Ameritrade is the clear winner. 
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Rhodaline Escala-Phelps

Former Managing Editor and Team Leader at Compare Before Buying. Writer and researcher passionate about food, people, product comparisons, culture, and current events.