Platform Comparison

Fidelity vs TD Ameritrade

Detailed side-by-side comparison to help you choose the best platform for dividend investing

Higher Rated
FD

Fidelity

★4.9

The gold standard for dividend investors seeking zero commissions, exceptional research, and automatic DRIP.

Full Review
TD

TD Ameritrade

★4.7

The legendary thinkorswim platform lives on under Schwab. All TD Ameritrade accounts have been migrated—new customers should open a Schwab account directly.

Full Review

Feature Comparison

FeatureFidelityTD Ameritrade
Our Rating4.9/54.7/5
Trading Commissions$0N/A
Account Minimum$0N/A
Fractional SharesYesN/A
DRIPAutomaticVia Schwab
Research ToolsExcellentGood
Best ForLong-Term Dividend InvestorsFormer TD Ameritrade Customers

Pros & Cons

Fidelity

Pros

  • + Completely free trading for stocks, ETFs, and options
  • + Automatic dividend reinvestment on all eligible securities
  • + Industry-leading research and screening tools
  • + Fractional shares starting at $1
  • + Excellent customer service with 24/7 phone support

Cons

  • - Platform interface can feel overwhelming for complete beginners
  • - Mobile app less intuitive than newer competitors
  • - Some advanced features require desktop platform
  • - Mutual fund minimums can be high ($0-$2,500 depending on fund)

TD Ameritrade

Pros

  • + thinkorswim platform retained and integrated into Schwab
  • + All former TD Ameritrade accounts successfully migrated
  • + Commission-free trading continues under Schwab
  • + 400+ technical analysis tools in thinkorswim
  • + Trading simulator for practice without risk

Cons

  • - TD Ameritrade no longer accepts new accounts
  • - TD Ameritrade API permanently shut down
  • - Some interface changes during Schwab transition
  • - Former TD-only features may differ slightly

Which Platform is Right for You?

Choose Fidelity if you...

  • Want long-term dividend investors focused features
  • Need automatic dividend reinvestment
  • Prefer a higher-rated overall platform

Choose TD Ameritrade if you...

  • Want former td ameritrade customers focused features

Compare Other Platforms

Not sure these are the right fit? Explore more comparisons.

Charles SchwabvsVanguardAcornsvsGreenlightAlly InvestvsWealthfrontAxos InvestvsTitan InvestFirstradevsWellsTrade
View All Platforms

Investment Disclaimer

Investing involves risk, including possible loss of principal. Past performance does not guarantee future results. This content is for informational purposes only and should not be considered investment advice.