2019 Stash Invest vs TD Ameritrade: compare IRA, commissions, investing fees, trading tools, account pros and cons. Which online broker is better?

Broker Cost

Broker Fees Stock/ETF
Commission
Mutual Fund
Commission
Options
Commission
Maintenance
Fee
Annual IRA
Fee
TD Ameritrade $6.95 $49.95 $6.95 + $0.75 per contract $0 $0
Stash $0 na na 0.25% 0.25%

Services

Broker Review Cost Investment Products Trading Tools Customer Service Research Overall Rating
TD Ameritrade
Stash

Promotions

TD Ameritrade: Trade free for 60 days + get up to $600.

Stash Invest: Get $5 bonus when you open new account.


Stash Overview

Stash is the latest in a series of robo- and micro-investing apps, and it appears to have learned from its predecessors. Stash offers all of the things that early adopters have come to expect from robo-investing: a beautiful interface and epic simplicity. However, Stash comes with more options, information, and more clarity than other robo-investors. 

Opening Stash Invest Account

Setting up an account with Stash is fast and easy. New registrants are asked for their personal details and bank account information. After linking to their bank, users have to wait between one and three business days for confirmation, which involves logging into their bank, noting the small deposits, and reporting the deposit amounts with Stash. 

Once a bank account is linked, it cannot be changed until 60 days after the first deposit has been made. Switching bank accounts cannot be done in app. Users have to email Stash support. This is important to note because Stash will charge the user’s bank account in the event that a scheduled transaction, including the service fee, is denied. 

Stash also requires proof of identity. All brokerage accounts open exclusively to US residents require this proof of identity and it can be provided using a social security number, passport or driver’s license. The process is straightforward. But, it is important to have some form of official ID on hand during the set-up process. A driver’s license or state issued ID’s seem to work best, but use what you have.

It is also worth noting that users also have to set up an initial deposit at a minimum of $5. This generates the $5 incentive from Stash.

After that, Stashers add lump sums to their accounts either as a one-off deposit or through the creation of an auto-deposit called auto-stash. The auto-stash works on a schedule that withdraws money from the linked bank account at a regular interval from weekly to monthly.

Depositing is simple. Users can reach the deposit section from the home page, or they can navigate to the deposit function from their account page. 


Stash Portfolio


Stash Investment Options

Users can learn more about the individual ETF or stock by tapping it. Stash provides an assessed risk level, the top stocks, and the manager of the firm. 

For example, the American Innovators option is made up of software, hardware, electronics, and IT firms – the Silicon Valley powerhouses. Stash includes Apple, Microsoft, Facebook, Intel, IBM, Alphabet, Cisco, Oracle, and Visa in this group. It also notes that the underlying security is managed by Vanguard. 

Users can also see a brief overview of the performance of this ETF, noting the last price, one-day changes, and year-to-date changes. It also gives the current dividend and management fee.

Some options include a link to the ETF’s website. 

Stash also makes choosing portfolio options social. Users who have friends connected on Stash can see if anyone they know has chosen the option. It is also possible to see what percentage of Stash users include the option in their own portfolios. 

TD Ameritrade Overview

You can consider TD Ameritrade application to open an IRA account at if you have at least $2,000 in savings, which is the broker's minimum investment requirement. Although TD Ameritrade has higher trading commissions and initial deposit for a retirement account, the brokerage is worth looking at. High pricing comes with exceptional services and features.

TD Ameritrade is a trusted brokerage company with a long history, so there should not be any worries when it comes to the safety of your hard-earned money. The brokerage offers exceptional services and does everything to help its clients understand and take full control of their investments. Like Scottrade, TD Ameritrade has local branches throughout the country, where personalized guidance for retirement savings is available.

A great research is one of the best among online brokers. The firm's educational resources, powerful trading tools and sophisticated platform are its big advantages. Also, the website has a pleasant and clean design. It is very easy to understand and navigate even for those people who open their first brokerage or IRA account.


TD Ameritrade


TD Ameritrade offers three trading platforms. Its website-based trading platform is user friendly and intuitive. This is an ideal way for beginners to invest and practice trading. When your skills and knowledge about retirement savings and investing will grow, you don't need to switch to another brokerage firm to use advanced trading tools. The other two TD Ameritrade's platforms are great for advanced traders and considered the best in the industry. Moreover, unlike other brokerages, the company does not charge fees for using its platforms.

As a beginner investor you will not only truly appreciate ease of use, availability and quality of service but will also enjoy the learning of investing process if you choose TD Ameritrade as your first IRA provider.

TD Ameritrade Advantages

TD Ameritrade new account application attracts many customers with its competitive promotions and retains them by providing a rich, multi-tiered trading environment. We have opened more than one account to take advantage of TD Ameritrade’s cash rewards and initial periods of free trades. Even after the promotional period expired, we remained clients because we were hooked on their excellent trading platforms and tools.

TD Ameritrade offers users access to an increasingly large set of securities, funds, and derivatives. The brokerage allows customers to trade futures, options, currencies, exchange-traded funds, mutual funds, and plain old stocks and bonds. The breath of coverage is impressive: for example, 25 currencies and 50 futures contracts are available for trading.

The brokerage also provides alternative ways to purchase and hold investments. One interesting program is TD Ameritrade’s commission free ETF investing program which allows investors to purchase a list of over 100 exchange-traded funds. For these ETFs commissions are waived as long as the ETF is held for more than 30 days. TD Ameritrade also allows investors to create individual retirement accounts (IRA), to enroll in 529 plans for college savings, or to create Coverdell Education savings accounts.

There are no account maintenance, inactivity or annual fees at TD Ameritrade for both taxable and individual retirement accounts.



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