TD Ameritrade Commissions, Fees, and Minimum Deposit
|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 + $0.75 per contract|
|No-load mutual funds|| $49.99|
|Treasuries at auction|| $25|
|All other bonds and CMOs, CDs|| on a net yield basis|
|Futures|| $2.25 per contract (plus exchange & regulatory fees)|
|Forex|| Non-commission currency pairs trade in increments of 10,000 units (and do not contain a "#" symbol suffix). There are no additional fees or charges.|
|Investments|| stocks, mutual funds, options, ETFs, bonds, CDs, UITs, futures, and forex|
|TD Ameritrade\TDA minimum deposit to open account|| $0 for cash account, $2,000 for margin account|
|Fees||TD Ameritrade fees|
|Promotion and login links||TD Ameritrade login, TD Ameritrade promotions
and TD Ameritrade referral
With TD Ameritrade customers get flat rate $9.99 commission on every internet equity trade, regardless of their account
balance or how many shares they buy or sell.
The new account registration process is well-designed and very fast: it typically takes 10-12 minutes to complete an application.
Simply click on their promotion link -
Trade free for 60 days + get up to $600.
press "Open New Account" button, and follow the instructions. When it's done, users are free to immediately login and explore the website.
New customers can link to their bank account and fund their brokerage account right away - micro-deposits verification is not required.
TD Ameritrade Trading Platform and Tools Review
TD Ameritrade's website is more advanced than the websites of other brokers. It is well-designed with intuitive menus, and users can easily find all the resources they need. There are
many valuable functions. Users can reach out to customer service, research securities, or plan for education costs.
SnapTicket is a convenient trading ticket that appears at the bottom of the browser. Placing trades for stocks, ETF's, and options is fast and simple with SnapTicket. The tool displays vital information, such as volume and most recent trade price.
The website also has good tools for research and education. Investors can find information on bond trading or retirement planning. The broker has good information on IPO's and trading ideas.
TD Ameritrade also offers Trade Architect, a Java-based platform. Users can watch live streaming of CNBC at no cost. The video can also be detached so that it can be displayed full-screen. The
platform is easily customizable. Three background colors are available: blue, white, or black. The data displayed in the account summary can be changed. Categories such as long stock value,
mutual fund balance, option buying power, or unsettled cash can be displayed or hidden.
The default tabs on the platform are Account, Trade, Watchlist, Ideas, and Chart. Under these tabs information can be found that corresponds to the tab's name.
For example, the Ideas tab has an events calendar along with a stock and option screener. Read Trade Architect review.
Thinkorswim is TD Ameritrade's crown jewel of trading platforms. There are many useful features. For example, the platform has a practice trading system called paperMoney where users can practice
trading with a virtual currency.
Charting tools on the platform are quite sophisticated. There are several drawing, technical, and pattern tools. Regression lines, evening star, and Fibonacci arcs are a few examples. A chart is
detachable, which allows it to fill the monitor.
Thinkorswim has a very professional feel to it, compared to Schwab's StreetSmart Edge, which is simpler and more user friendly. Read Thinkorswim review.
TD Ameritrade customers can trade with phones, tablets, and now even watches. The broker offers three apps for phones and tablets. There is a standard app, a Mobile Trader app, and a thinkorswim app.
They can be used on iPhone, iPad, and Android devices. The broker also has an app for Apple Watch. The regular app is also compatible with Windows 10. Available features include order placement,
funds transfer, and mobile check deposit. The apps have a high, 4-stars rating at Google Play and iTunes stores.
The thinkorswim mobile app has outstanding trading tools. The charting tools are some of the best in the industry on a mobile platform. A paper trading system
is also available on the app. Read TD Ameritrade app review.
TD Ameritrade Pros
- No surcharges on penny stocks, large orders, or after-hours trading
- Large and well-known company with 126 local branches
- Two excellent trading platforms: Thinkorswim and Trade Architect
- Users can practice trading without risking real money using PaperMoney virtual trading
- Easy access to myTRADE online trader community
- No account maintenance or inactivity fees
- Free streaming quotes, including Level II
- Best selection of independent, third-party research from 13 firms (Standard & Poor's, Morningstar, Jaywalk, TheStreet, etc.)
- 100+ ETFs with no commissions
- Large number of mutual funds - over 13,000 available; 2,500 NTF (no-transaction fee) funds
- Free DRIP (dividend reinvestment plan)
- No-fee IRA accounts
TD Ameritrade Cons
- At $9.99 for stocks and ETFs and $49 for mutual funds, commission rates are high
- High margin rates
TD Ameritrade Review Summary
TD Ameritrade is one of the best-known and largest online brokers in the country, and it has been in business for
over 35 years. But it's definitely not the cheapest: $9.99 per stock trade
was a good price in 2000, but it is considered high in 2016, and $49 to buy or sell a mutual fund is very expensive.
But for the high commissions investors get a lot of perks. Unlike most other brokerage firms, TD Ameritrade does not have surcharges on
large orders, penny stocks, or extended-hours trading. There are no maintenance or inactivity charges for all accounts.
The firm's IRA accounts don't have setup or annual fees. This is good news for retirement account holders, and it makes
the firm a good option for an IRA.
From its Trade Architect platform the company offers access to third-party affiliate myTRADE investor community, which allows
members to follow what other users are doing, share trades and ideas, and learn various investment strategies.
TD Ameritrade provides its customers access to educational webcasts and podcasts about investing. Because these are web broadcasts, users can listen to
them while, for example, on the road to work or home. Clients also get access to probably the best virtual trading account (called PaperMoney) that
allows both beginners and experienced traders to practice various trading strategies without any risk.
The company bought one of the best online brokers - Thinkorswim - and it has benefited greatly from this acquisition. Because of Thinkorswim's
excellent trading technology, TD Ameritrade now offers arguably the best trading platform in the industry.
In summary, we would open account at TD Ameritrade for their great research amenities and trading tools as well as for their new customer promotion
offer that allows clients to essentially create a portfolio commission free. Thousands of no-transaction fee (NTF) mutual funds, and over
100 commission free ETFs (must be held over 30 days to be commission free) allow investors to continue building their nest egg for years without
paying any brokerage fees.
Reviewed by Brokerage-Review.com on
Reviewed by Editor and 40+ TD Ameritrade customers.