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E*TRADE vs TD Direct Investing : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
E*TRADE
TD Direct Investing
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
Both ECN and STP broker
None
Years of Existence / Established Year
1982
1984
Customer Base / Number of Accounts
5.2 million client accounts
17 M
Regulation & Security
Regulations (governing bodies)
FRS, FINRA, SIPC, SEC, NFA, FDIC
CIPF, CIRO
Awards Won (count for the last 2 years)
Investor App and #1 Web Trading Platform for 2024, Benzinga's 2023 Global Fintech Awards
No major awards listed
Security Measures
SIPC
CIPF
SSL Encryption / 2FA
Yes
Yes
Segregated Funds
Yes
Yes
Negative Balance Protection
Yes
Yes
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
Over 50,000 offerings, including US Treasury trades
Fixed income investments, GICs
Currency Pairs
No
No
Commodities
No
No
Indices
No
No
Cryptocurrencies
No
Yes
CFDs
No
No
ETFs
Yes
Yes
Stocks
Yes
Yes
Options
Yes
Yes
Futures
Yes
No
Bonds
Yes
Yes
Mutual Funds
Yes
Yes
Fractional Shares
Exchange Traded Notes (ETNs)
No
No
Precious Metals
No
Yes
Real Estate Investment Trusts (REITs)
No
No
Equities
No
Yes
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
No
No
MT5
No
No
cTrader
No
No
Social Trading
No
Copy Trading
No
No
Other Trading Platforms (proprietary, etc.)
Power Etrade web, Power Etrade app
TD app, web trader, Advanced dashboard, TD active trader
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Brokerage, Retirement, Core portfolio, Managed portfolio, Small business retirement , bank
Margin account, cash trading account, TFSA, RSP, RESP, RIF, LIRA, LIF, RDSP
Demo Account (Yes/No)
Yes
No
Islamic Accounts (Yes/No)
No
No
Minimum Deposit
$0
$0
Leverage Available
No
No
Trade Limit (maximum per trade)
Depends on assets class
Depends on asset types
Commission (per account type)
NA
Best Suited For (e.g., beginners, experienced traders)
Beginners to experienced traders
Beginners and experienced traders
Deposit & Withdrawal Options
Deposit Methods
Transfer money, Wire transfer, Transfer an account, Deposit a check ,Direct Deposit
Direct bank account, Check
Withdrawal Methods
E-wallets, check, Wire transfer
SWIP, Wire payment
Other E-Wallets Supported
Electronic transfer
No
Tools & Educational Resources
Economic Calendar
No
Yes
Tools & Educational Resources (tutorials, webinars, market news, etc.)
Educational Resources, Tools, Market News and Insights, Tutorials and Webinars
Learning Centre - Investing Education, Market Insights and Analysis, Webinars, Investing Guides, Video Tutorials, TD Direct Investing Community Forum
Fees & Commissions
Trading-Related Fees
Stocks, options, mutual funds, ETFs- $0, Bonds- $1, FINRA trading activity fee- $0.000166
Commission -mutual funds- $0 , IPOs, Equities- $7.00- $9.99, Stock - $3- $43, Bonds- $40 + $1.50/1,000
Spread (typical, fixed, variable)
NA
NA
Per Lot Fees
NA
NA
Options Contract Fees
$0.65
$9.99 + $1.25 per contract
Futures Contract Fees
$1.50
NA
Markup Fees on Spread
NA
NA
Guaranteed Stop Loss Fees
NA
NA
Maximum Leverage
No
No
Non-Trading Fees
Dormant Fees
$0
NA
Subscription Fees (for premium features, data feeds)
NA
NA
Advisory Fees
0.30%
NA
Swap Fees (Overnight Financing)
NA
NA
Statement or Document Fee
$2
$2-$5
Account Opening Fee
NA
Applicable, Depends on account types
Account Maintenance Fee
$15/ month
$25 per quarter
Deposit Fee
$0
$17.50 U.S
Currency Conversion Fee
Direct trade-$0.005 per share, Broker assisted trader- $25
2.50%
Withdrawal Fee
Check return - $25, Electronic return -$25
$30-$100
Bonuses, Promotions & Benefits
Bonuses, Promotions, and Referrals
Yes
Yes
Customer Benefits (e.g., Retirement Plan)
Yes
Yes
Trading Hours
Trading Hours (for each asset class if applicable)
Sunday 5 p.m. CT to Friday 4 p.m. CT
Pre-market trading hours (8 a.m. to 9:30 a.m. ET) and after-hours trading (4 p.m. to 8 p.m. ET)
Customer Support
Support Hours (e.g., 24/7, weekdays only)
8 AM - 8 PM ET on weekdays
Monday to Friday, 7 am to 10 pm ET
Customer Support Methods (phone, email, live chat)
Live chat, FAQ, Phone- 800-387-2331, 800-838-0908, Beneficiary Services: [email protected] General inquiries: [email protected]
Phone: 1-800-465-5463, , Book an appointment
Support Languages
1
4
Additional Information
Headquarters Location
Arlington, Virginia, United States Buyenlarge, Getty
66 Wellington Street West, Toronto, ON M5K 1A2
Complaints (for crypto brokers)
No
No
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