TD Ameritrade review: TD Ameritrade is a leading online brokerage firm that provides a wide range of investment and trading services. With a strong reputation and a robust platform, TD Ameritrade offers investors and traders the tools they need to navigate the financial markets.
One of the key advantages of TD Ameritrade is its comprehensive suite of investment products. Investors have access to a diverse range of asset classes, including stocks, ETFs, mutual funds, options, futures, and fixed income securities. This allows individuals to build a well-rounded portfolio tailored to their investment goals and risk tolerance.
When it comes to account security, TD Ameritrade takes the protection of client information seriously. The brokerage employs advanced security measures, including data encryption and secure login protocols, to safeguard sensitive data and ensure secure transactions.
| 💵 Currency: | USD |
| 💰 Min deposit | $0 (No minimum deposit required) |
| ⚖️ Leverage | Up to 1:50 for forex trading |
| 💱 Spread | Floating spreads from as low as 0.1 pips |
| 💹 Markets | Forex, Stocks, Indices, ETFs, Commodities, Cryptocurrencies |
| 📱 Mobile apps | iOS, Android |
| 🗺️ Headquarters | Omaha, Nebraska, United States |
Overall TD Ameritrade Review
Overall, TD Ameritrade is a trusted and established brokerage firm that offers a comprehensive range of investment and trading services. With its diverse investment options, user-friendly platform, extensive educational resources, responsive customer support, and transparent pricing, TD Ameritrade is well-positioned to serve the needs of both beginner and experienced investors and traders.
Go to TD Ameritrade website
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Geographic Distribution
Geography of clients (traders) of TD Ameritrade
Top Reviews
Best customer reviews of TD Ameritrade
The site administration cannot guarantee review accuracy and lacks the technical means to verify if authors are actual customers. Reviews lacking detail and purely emotional in nature are disregarded.
The thinkorswim trading platform is incredibly powerful and easy to use, offering advanced charting tools, customizable watch lists and real-time market data. The extensive educational resources provided by TD Ameritrade have helped me expand my knowledge and refine my trading strategies. Their customer support team is responsive and friendly, resolving any problems and questions promptly. Overall, TD Ameritrade provides a comprehensive and reliable platform for traders and investors, making it an excellent choice for those who want to navigate the financial markets.
United States
The thinkorswim platform offers a wide range of features and tools that can be overwhelming for beginners. While the educational resources are useful, they require a significant amount of time to be fully mastered. Customer support was satisfactory, although response times could have been improved. TD Ameritrade's pricing is competitive, but some additional fees, such as inactivity fees, may be a drawback. Overall, it is a decent platform for experienced traders, but it may not be the most suitable for beginners.
Brazil
The platform is prone to crashes and freezes, which can be frustrating during active trading sessions. Customer support has been inadequate, with long response times and limited help. In addition, I found the pricing structure confusing, with various commissions that were not adequately explained. The research tools provided by TD Ameritrade did not meet my expectations; they lacked in-depth analysis and timely understanding of the market. Overall, I was unsatisfied with the overall performance and support offered by TD Ameritrade.
Canada
Expert Review
Expert Review of TD Ameritrade
One aspect that contributes to TD Ameritrade's reliability is its robust regulatory framework. The brokerage operates under the oversight of regulatory authorities such as the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). These regulatory bodies enforce stringent standards and guidelines, ensuring that TD Ameritrade adheres to strict compliance and ethical practices.
Another factor that enhances the platform's reliability is its strong financial stability. TD Ameritrade has a solid track record and is backed by its parent company, Charles Schwab Corporation, a well-established and financially sound entity in the financial services industry. This financial strength provides reassurance to customers that their funds are secure and protected.
In terms of customer support, TD Ameritrade is committed to providing prompt and efficient assistance to its clients. The customer support team is knowledgeable and responsive, addressing inquiries and resolving issues in a timely manner. This level of support contributes to the overall reliability of the platform, as users can rely on assistance when needed.
Furthermore, TD Ameritrade's commitment to security is evident in its implementation of robust security measures. The platform employs advanced encryption technology, multi-factor authentication, and secure login protocols to protect customer data and ensure secure transactions. This dedication to data security enhances the trustworthiness and reliability of the platform.
Overall, as a financial expert, I consider TD Ameritrade to be a reliable and trustworthy brokerage firm. Its regulatory compliance, financial stability, reliable trading platform, responsive customer support, and strong commitment to security all contribute to its reputation as a reliable platform for traders and investors.
Financial expert and analyst at TradersHero.com
Risk Warning! Trading on TD Ameritrade involves inherent risks, and it is important for traders to be aware of these risks before engaging in any investment activities. The financial markets are dynamic and unpredictable, and there is always the potential for financial loss. Market volatility, economic events, and unforeseen circumstances can impact investment performance.
Copy Trading
Investment Programs
TD Ameritrade offers various programs and strategies that can potentially help traders and investors earn money. Here are some programs and approaches available on TD Ameritrade:
- Trading Stocks and Options: Trading individual stocks and options is a common approach to potentially earn money on TD Ameritrade. Traders can analyze market trends, company fundamentals, and technical indicators to identify trading opportunities and capitalize on price movements.
- Exchange-Traded Funds (ETFs): ETFs are investment funds that trade on an exchange like a stock. TD Ameritrade offers a wide selection of ETFs, allowing investors to diversify their portfolios across different asset classes and sectors. By investing in well-performing ETFs, investors have the potential to earn returns as the underlying assets appreciate.
- Mutual Funds: The platform provides access to a broad range of mutual funds from various asset management companies. Investing in mutual funds allows individuals to pool their money with other investors and benefit from professional portfolio management. Successful mutual fund investments can generate capital appreciation and potential income through dividends or interest payments.
- Long-Term Investing: TD Ameritrade caters to long-term investors looking to build wealth over time. By selecting quality stocks, bonds, and other assets and holding them for the long term, investors can potentially benefit from capital appreciation and dividend income.
- Retirement Accounts: The platform offers various retirement account options, such as Individual Retirement Accounts (IRAs) and 401(k) rollovers. By investing in retirement accounts, individuals can take advantage of potential tax benefits while growing their retirement savings over time.
- Educational Resources and Tools: TD Ameritrade provides a wealth of educational resources, including articles, videos, webinars, and interactive courses. By utilizing these resources, traders and investors can enhance their knowledge, develop effective strategies, and make more informed investment decisions.
It's important to note that while these programs and strategies have the potential to generate profits, there are risks involved in investing and trading. Market conditions, economic factors, and individual trading decisions can impact investment outcomes. It's recommended to conduct thorough research, understand the risks, and seek professional advice when needed.
TD Ameritrade does not offer a specific copy trading feature on its platform. Copy trading typically involves automatically replicating the trades of successful traders or strategies. While TD Ameritrade does not have a built-in copy trading functionality, the platform provides a wide range of resources and tools that allow traders to research, analyze, and implement their own trading strategies.
On TD Ameritrade's thinkorswim platform, traders can access real-time market data, customizable charts, technical indicators, and advanced order types. These features enable traders to execute trades based on their own analysis and decisions.
While copy trading may not be directly available on TD Ameritrade, traders can still leverage the platform's robust tools and educational resources to develop their own trading strategies and achieve their financial goals.
Best Copy Trading Platforms
Conditions
Trading Conditions for TD Ameritrade Traders
TD Ameritrade offers traders favorable trading conditions across various aspects to enhance their overall trading experience. With access to a wide range of markets and instruments, including stocks, options, futures, forex, bonds, ETFs, and mutual funds, traders have ample opportunities to diversify their portfolios and explore different trading strategies.
The thinkorswim platform, TD Ameritrade's flagship trading platform, provides traders with powerful tools and features. It offers real-time streaming quotes, customizable charting tools with over 400 technical studies, and a comprehensive suite of trading capabilities. Traders can also take advantage of the TD Ameritrade Mobile Trader app for convenient trading on mobile devices.
In terms of pricing, TD Ameritrade has implemented a commission-free structure for online stock, ETF, and options trades, allowing traders to execute trades without incurring additional fees. However, options contracts are subject to a fee of $0.65 per contract. Traders should review the detailed fee schedule to gain a comprehensive understanding of account maintenance fees, inactivity fees, and other charges.
TD Ameritrade emphasizes reliable and efficient order execution, utilizing a network of market centers and advanced technology to ensure fast and accurate trade execution. Traders can choose from various order types to suit their trading strategies and preferences.
Research and analysis are integral components of TD Ameritrade's offerings. Traders can access a wide range of research tools, including proprietary research, third-party reports, analyst ratings, and market commentary. The platform provides fundamental data, advanced charting tools, and screeners to help traders identify potential trading opportunities and make informed decisions.
TD Ameritrade's customer support is available round-the-clock via phone, email, and chat. Their dedicated representatives are knowledgeable and ready to assist traders with account-related inquiries, technical support, and general trading questions.
These trading conditions, including market access, robust trading platforms, competitive pricing, order execution, research resources, and customer support, provide traders with a comprehensive and supportive trading environment. Traders should review the specific details and terms set by TD Ameritrade to ensure a thorough understanding of the trading conditions and make informed decisions.
| 💵 Currency | USD |
| 💰 Min deposit | $0 (No minimum deposit required) |
| ⚖️ Leverage | Up to 1:50 for forex trading |
| 💱 Spread | Floating spreads from as low as 0.1 pips |
| 💹 Markets | Forex, Stocks, Options, ETFs, Futures, Bonds, Mutual Funds |
| 📱 Mobile apps | iOS, Android |
| 💵 Replenishment / Withdrawal: | Bank Transfer, ACH, Check, Wire Transfer |
| 🏦 Broker Type: | Full-Service Broker |
| 📞 Customer Service | Phone, Live Chat, Email |
| 👩💼 Support | Multilingual |
| 👨💼 Personal Account Manager | ✅ |
| 🔁 Copy Trading | |
| 🔓 Demo account | ✅ |
| 🗺️ Headquarters | Omaha, Nebraska, United States |
Risk Warning
Comparison
Comparison of TD Ameritrade with other Brokers
Broker comparison table of trading instruments
Commissions
TD Ameritrade Accounts, Commissions & Fees
TD Ameritrade offers a variety of accounts with different features, commissions, and fees to cater to the diverse needs of traders and investors.
- Account Types: TD Ameritrade provides individual brokerage accounts, joint accounts, retirement accounts (such as Traditional IRAs, Roth IRAs, and SEP IRAs), custodial accounts, and education savings accounts (Coverdell ESAs and 529 plans). Each account type has specific eligibility criteria and benefits tailored to different investment objectives.
- Commissions: TD Ameritrade has eliminated commissions for online stock, ETF, and options trades. Traders can execute these trades without incurring any per-trade commission fees. However, options contracts have a fee of $0.65 per contract. Commissions may still apply to certain transactions, such as broker-assisted trades or specific mutual funds.
- Fees: While many trades are commission-free, it's important to be aware of other potential fees. TD Ameritrade charges fees for certain services, such as margin interest, wire transfers, paper statements, and certain account maintenance activities. Traders should review the detailed fee schedule provided by TD Ameritrade to understand any applicable fees.
- Margin Trading: TD Ameritrade offers margin trading, allowing eligible traders to borrow funds to potentially amplify their trading positions. Margin trading involves interest charges and specific requirements that traders need to meet, including maintaining a minimum account balance and adhering to margin maintenance rules.
- Advisory Fees: For traders seeking professional guidance, TD Ameritrade offers advisory services through its affiliates. These services may involve additional fees, which vary depending on the specific program and level of service.
It's important for traders and investors to carefully review the account types, commissions, and fees associated with TD Ameritrade to determine the most suitable options for their investment goals and trading strategies.
Below is a comparison table of the different types of accounts offered by TD Ameritrade:
| Account Type | Features | Commission Fees |
|---|---|---|
| Individual | Individual trading account | Commission-free on online trades |
| Joint | Account shared by multiple individuals | Commission-free on online trades |
| Retirement | Traditional IRA, Roth IRA, SEP IRA | Commission-free on online trades |
| Custodial | Account for a minor with a custodian | Commission-free on online trades |
| Education Savings | Coverdell ESA, 529 plan | Commission-free on online trades |
| Education Savings | ✅ | Commission-free on online trades |
Please note that the commission fees mentioned here refer to online stock, ETF, and options trades. Other fees and requirements may apply, such as options contract fees or specific account maintenance fees. It's advisable to refer to the official TD Ameritrade website or contact customer support for more detailed and up-to-date information regarding the different account types and associated fees.
Risk Warning
Final review
Detailed review of TD Ameritrade
TD Ameritrade is a prominent online brokerage firm known for its comprehensive range of services and robust trading platforms. With a solid reputation and a wide selection of investment options, TD Ameritrade attracts both novice and experienced traders.
For beginners, TD Ameritrade is an excellent choice as an online brokerage for trading.
TD Ameritrade offers a diverse range of financial instruments, enabling traders to access stocks, options, ETFs, mutual funds, bonds, futures, and forex. This wide array of investment choices provides flexibility and allows traders to build diversified portfolios tailored to their investment goals.
In terms of pricing, TD Ameritrade has adopted a commission-free structure for online stock, ETF, and options trades, making it more cost-effective for traders. However, options contracts are subject to a fee of $0.65 per contract. It is crucial for traders to review the fee schedule to fully understand the costs associated with their trading activities.
Customer support at TD Ameritrade is comprehensive and reliable. Traders can reach out to the support team via phone, email, or live chat, and their representatives are known for their responsiveness and knowledge. This level of customer service ensures that traders receive the assistance they need in a timely manner.
Overall, TD Ameritrade provides a solid trading experience with its robust platforms, diverse range of investment options, extensive educational resources, and competitive pricing. It is a reputable choice for traders looking for a comprehensive brokerage service to meet their investment needs.
Advantages:
TD Ameritrade Regulator
Securities and Exchange Commission (SEC): As a registered broker-dealer, TD Ameritrade is subject to regulation by the SEC, which oversees the securities industry in the United States. The SEC aims to protect investors, maintain fair and orderly markets, and facilitate capital formation.
Regulator website: Securities and Exchange Commission (SEC)
Risk Warning
Promotions
Bonuses Paid by the TD Ameritrade
TD Ameritrade does not currently offer promotional bonuses or deposit incentives for new customers. However, they may occasionally run limited-time promotions or special offers, so it's recommended to check their official website or contact their customer support for any available bonuses or promotions.
While bonuses and promotional offers can be enticing, it's important to consider other factors such as trading conditions, platform features, customer support, and regulatory compliance when choosing a brokerage. Traders should focus on the overall quality and reliability of the broker rather than solely relying on bonuses or promotional offers.
Education
Review of the TD Ameritrade Education Program
TD Ameritrade provides a comprehensive education program designed to equip traders and investors with the knowledge and tools to make informed financial decisions. Here is a review of the TD Ameritrade Education Program:
Overall, TD Ameritrade's education program offers a wealth of educational resources, interactive learning opportunities, and platform-specific guidance. Traders and investors can benefit from the diverse range of materials and tools provided, empowering them to make more informed financial decisions in their trading journey.
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Rating and Comments
TD Ameritrade Users Reviews 2024
Authors:
Roman Mukhin
Financial expert, analyst and author
Jane Emberg
Financial analyst and editor
The platform offers a decent set of trading tools and resources. The thinkorswim platform is easy to use and provides access to a variety of financial tools. However, I found that their commission fees are relatively higher compared to some other brokers in the market. Although they offer commission-free trading on some products, option contracts still charge a commission on each contract. In addition, I have occasionally encountered technical glitches on the platform, which can be frustrating. Overall, TD Ameritrade has its strengths, but there are areas for improvement.
TD Ameritrade has been my primary broker for many years and I have had a consistently positive experience with their platform. The thinkorswim platform is revolutionary because of its advanced charting tools and wide range of technical indicators. It helps me analyze market trends and make trades accurately. The educational resources provided by TD Ameritrade are top-notch and provide me with valuable knowledge and help me improve my trading skills. The customer service is responsive and knowledgeable and always willing to help when I have a question or need help. Overall, TD Ameritrade has exceeded my expectations as a reliable and convenient platform.
Customer service was slow and unresponsive when I needed help with account related issues. The platform itself was often slow and prone to freezing, causing me to miss potential trading opportunities. Educational resources were limited, and I felt the platform lacked the tools for in-depth research compared to other brokers. In addition, commission fees were relatively high, which reduced my profits. Overall, my experience with TD Ameritrade was unsatisfactory, and I eventually switched to another broker that better met my trading needs.
I have to say that their customer service is exceptional. Whenever I had a problem or needed help, the customer service responded quickly and resolved my issues. The educational resources provided by TD Ameritrade have also been invaluable in increasing my knowledge and improving my trading strategies. The thinkorswim platform is reliable and intuitive, offering a wide range of features and customizable options. I appreciate the transparency and reliability that TD Ameritrade offers, making it the preferred choice for my trading needs.