Best Trading Platform Review
Thinkorswim created the best trading platform on the market right now. The company was bought by TD Ameritrade and the customers now also have access
to a second trading platform - Trade Architect.
One of the finest features of Thinkorswim is their Analysis tab. This feature allows you to instantly view an active risk graph that will
exactly show you the most probable look of any trade setup. In addition to this, it will also instantly show you the latest risk graph about any
planned adjustments to the current trades you might want to make. This is usually the kind of things that go together with proprietary software
which is expensive. Thinkorswim is truly a great software that anyone could utilize for better trading experience.
One major advantage of Thinkorswim is the flexible risk graphs which quickly changes with each variation you prefer to subtract or add from a
certain position. You may also choose a beta weighted risk graph for your whole portfolio on any particular time. It is very accessible anytime
you like.
The trading platform also goes along with a technical analysis package and a highly developed charting. If you are an option trader and if you
are particularly into the Greeks, you will be able to keep an eye on your individual positions and on your portfolio at the same time from the
gamma, delta, vega and theta perspective. Thinkorswim also consist of the ThinkBack feature that permits you to access backtest strategies and
historical options prices. This will let you have an archive in case you need a trading history as reference. You may also perform a chance analysis
for every existing or proposed trade that you have. This way, you will be able to identify if it’s worth trading or not. The risk factor is lowered if
you will use this reliable and quality tested software.
If you like to scan the market for the appropriate systems for several strategies like straddles or covered calls, you can employ the scan feature and
the marketwatch facility for you to gain access to vital information like upcoming earning reports and others. Trades are simple to perform if you have
these stuff. You will be guided on the trading steps and strategies that you can employ. In addition, you can arrange them in an Order Book and analyze
them prior to sending them to the market. Thinkorswim’s confirm and send screen even provides you with an immediate snapshot about the potential
profits, brokerage fees as well as risks in your projected trade. Everything is detailed and made easy by this software.
TD Ameritrade Commissions
- 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
TD Ameritrade Pros
- No surcharges on penny stocks, large orders and after-hours trading
- Large and well known company with many local branches
- Two excellent trading platforms (ThinkOrSwim and Trade Architect)
- Practice trading without risking your own money using paperMoney
- See what other traders are doing on myTRADE trader community
- Free IRA accounts
- No maintenance and inactivity fees
- Free streaming quotes, including Level II
- Large selection of independent, third-party research (Standard & Poor's, Morningstar, Jaywalk and TheStreet)
TD Ameritrade Review Summary
TD Ameritrade bought one of the best online brokers - ThinkorSwim and it benefits a lot from this acquisition. Because of ThinkorSwim's
excellent trading technology (best trading platform in the industry!), TD Ameritrade now has the best trading platform in the industry.
Barron’s magazine rated TD Ameritrade #1 for options traders and 4 ½ out of 5 stars for Long-term Investing. Kiplinger's Personal Finance
magazine ranked it #1 and gave it an overall score of 5 stars, in the Kiplinger's Online Broker Ratings, 02/2011.
TD Ameritrade offers one of the best promotional offers for new customers among all brokerage firms. It is worth giving a shot.
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