Platform Comparison

Tastytrade vs TD Ameritrade

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

TT

Tastytrade

4.4

The options-focused platform with low contract fees, excellent education, and DRIP support—ideal for dividend investors using covered call strategies.

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.

Feature Comparison

FeatureTastytradeTD Ameritrade
Our Rating4.4/54.7/5
Trading Commissions$0N/A
Account MinimumN/AN/A
Fractional SharesYes ($5 min)N/A
DRIPFreeVia Schwab
Research ToolsBasicGood
Best ForCovered Call WritersFormer TD Ameritrade Customers

Pros & Cons

Tastytrade

Pros

  • + Commission-free stock and ETF trading
  • + Low options pricing: $1 to open, $0 to close (capped at $10/leg)
  • + Fractional shares available for purchases and DRIP
  • + Free dividend reinvestment program
  • + Exceptional options education and content

Cons

  • - Very low 0.01% interest on uninvested cash
  • - No mutual funds, bonds, or forex trading
  • - Higher-than-average margin rates
  • - Steep learning curve for beginners

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 Tastytrade if you...

  • Want covered call writers focused features

Choose TD Ameritrade if you...

  • Want former td ameritrade customers focused features
  • Prefer a higher-rated overall platform

Compare Other Platforms

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

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.