Muriel Siebert vs TD Ameritrade
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TD Ameritrade vs Muriel Siebert: Trading Fees and Investments Offered
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- Stocks and ETFs: $9.99
- Stocks and ETFs broker assisted: $49.99
- Stocks and ETFs Interactive Voice Response (IVR) Telephone System: $34.99
- Options: $9.99 plus $0.75 per contract
- No-load mutual funds: $49.99
- Treasuries at auction: $25 flat fee
- All other bonds and CMOs, CDs: on a net yield basis
- Futures: $3.50 per contract (inclusive of exchange fees)
- Investment products: stocks, bonds, mutual funds, options, ETFs, bonds, CDs, UITs, futures and forex
- Minimum to open TD Ameritrade account: $0 for cash account, $2,000 for margin account
- All TD Ameritrade fees
- Ameritrade login, TD Ameritrade promotional code
and Ameritrade referral code
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- Stocks and ETFs: $14.95 per trade for up to 1,000 equity shares
- Integrated Speech & Touch-Tone Phone: $29.95 for market or limit orders up to 1,000 shares (2 cents per share for each additional share over 1,000)
- Options: $34-$370
- Mutual Funds: $35 per transaction for no-load funds that are not part of the Fund Exchange no-load, no-transaction-fee program
- Corporate Bonds: 100 bonds or more - $2.50 per bond, from 50-99 bonds - $3 per bond, up to 49 bonds - $3.50 per bond; $35 minimum commission for listed corporate bonds
- Foreign securities: $75 + commission
- Investment products: stocks, bonds, mutual funds, options, ETFs
- Minimum to open Muriel Siebert account: $0
- All Muriel Siebert fees
- Muriel Siebert login
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TD Ameritrade vs Muriel Siebert: Pros
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- No surcharges on penny stocks, large orders and after-hours trading
- Large and well known company with many local branches
- Very good trading platform
- Free IRA accounts
- No maintenance and inactivity fees
- Free streaming quotes
- Large selection of independent, third-party research (S&P, Morningstar Associates, and ResearchTeamTM)
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- Good customer service
- Free dividend reinvestment
- No account inactivity fees
- Low margin fees
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TD Ameritrade vs Muriel Siebert: Cons
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- $9.99 commission for stocks/ETFs and $49 commission for mutual funds are high
- Occasional poor order execution
- The website is sometimes very slow or even down on the high volume days
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- Very high trading commissions for all investment products
- 1.5 cents per share surcharge for each additional share over 1,000
- $30 annual fee for IRAs with under $10,000 balance
- Outdated and not intuitive website design
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Muriel Siebert vs TD Ameritrade: Comparison Summary
When comparing stock and ETF commissions, Muriel Siebert
is definitely much more expensive than TD Ameritrade (Ameritrade Review):
$14.95 versus $10 per trade. Unlike TD Ameritrade, the firm also has a 1.5 cents per share surcharge for each additional share
over 1,000 in the order.
TD Ameritrade does not have account maintenance and inactivity fees. It also does not charge IRA setup and annual IRA
fees, though it did not made it into our
Top IRA list, where one could find
Optionshouse,
OptionsXpress (OptionsXpress Review) and
Scottrade (Scottrade Review).
Muriel Siebert also does not have maintenance and inactivity fees. It does, however, charge annual IRA fee for
accounts with under 10K in balance. Muriel Siebert website has no lagging and order execution problems that
happen at TD Ameritrade website on high-volume days. But it also looks like it's not have been updated in the
last ten years. The firm provides good customer service and free dividend reinvestment.
If you are new to investing, there are online brokerage firms that offer vibrant online communities where members
could ask questions, learn from more experienced traders and even get investment ideas. Check out
our Online Brokers for Beginners recommendations.
TD Ameritrade bought one of the best online brokers - ThinkorSwim and it benefits a lot from this acquisition. The firm
provides rich selection of third-party research, free streaming quotes and very good trading tools. Out of these
two online brokers, it would be our recommendation to all investors.
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