Platform Comparison

TD Ameritrade vs Zacks Trade

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

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.

ZT

Zacks Trade

4

A research-focused brokerage with the famous Zacks Rank system and professional-grade tools—but commissions and minimums make it best for active investors.

Feature Comparison

FeatureTD AmeritradeZacks Trade
Our Rating4.7/54/5
Trading CommissionsN/A$0.01/share
Account MinimumN/A$2,500
Fractional SharesN/AN/A
DRIPVia SchwabYes
Research ToolsGoodGood
Best ForFormer TD Ameritrade CustomersResearch-Focused Investors

Pros & Cons

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

Zacks Trade

Pros

  • + Zacks Premium Research ($249/year value) included free
  • + Proprietary Zacks Rank stock rating system
  • + Very low per-share commissions ($0.01/share, $1 min)
  • + Professional research tools and screeners
  • + DRIP available for dividend reinvestment

Cons

  • - NOT commission-free—$0.01/share ($1 minimum per trade)
  • - $2,500 account minimum to open
  • - Higher costs for small, frequent trades
  • - Platform can be complex for beginners

Which Platform is Right for You?

Choose TD Ameritrade if you...

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

Choose Zacks Trade if you...

  • Want research-focused investors focused features
  • Need automatic dividend reinvestment

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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.