Platform Comparison

Invstr vs TD Ameritrade

Compare Invstr and TD Ameritrade on fees, DRIP, fractional shares and research for dividend investing.

IV

Invstr

3.8

Practice investing with $1M in virtual money, learn through gamified courses, then graduate to real trading—the complete beginner-to-investor journey.

Higher Rated
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.

Invstr vs TD Ameritrade: Fees, Minimums & DRIP Compared

FeatureInvstrTD Ameritrade
Our Rating3.8/54.7/5
Trading CommissionsN/AN/A
Account MinimumN/AN/A
Fractional SharesN/AN/A
DRIPN/AVia Schwab
Research ToolsBasicGood
Best ForAbsolute BeginnersFormer TD Ameritrade Customers

Invstr vs TD Ameritrade: Pros and Cons

Invstr

Pros

  • + Free investing course with 85 lessons and certificate
  • + Fantasy Finance: Practice with $1M virtual money
  • + Compete in fantasy leagues and win real prizes
  • + Commission-free real stock and crypto trading
  • + Fractional shares starting at $5

Cons

  • - Real trading has minimum fees ($2.99 full shares, $0.99 fractional)
  • - $5 registration fee for real trading through DriveWealth
  • - Very limited research tools for experienced investors
  • - No mutual funds, bonds, forex, or OTC trading

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 Is Better for Dividend Investors: Invstr or TD Ameritrade?

Choose Invstr if you...

  • Are in Invstr's core audience: absolute beginners

Choose TD Ameritrade if you...

  • Are in TD Ameritrade's core audience: former td ameritrade customers
  • Prefer a higher-rated overall platform

Want the full breakdown of fees, DRIP, and research tools? Read our Invstr review and TD Ameritrade review.

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.