Open TD Ameritrade Account
TD Ameritrade Promotion Details:
Offer valid for one new Individual, Joint or IRA TD Ameritrade account opened by 9/30/2016 and funded within 60 calendar days of account opening with $3,000 or more. To receive $100 bonus, account must be funded with $25,000 or more within 60 days of account opening. To receive $300 bonus, account must be funded with $100,000 or more within 60 days of account opening. To receive $600 bonus, account must be funded with $250,000 or more within 60 days of account opening. Offer is not valid on tax-exempt trusts, 401k accounts, Keogh plans, Profit Sharing Plan, or Money Purchase Plan. Offer is not transferable and not valid with internal transfers, accounts using the Amerivest service, TD Ameritrade Institutional accounts, current TD Ameritrade accounts or with other offers. Qualified commission-free Internet equity, ETF or options orders will be limited to a maximum of 500 and must execute within 60 calendar days of account funding. Contract, exercise, and assignment fees still apply. Limit one offer per client. Account value of the qualifying account must remain equal to, or greater than, the value after the net deposit was made (minus any losses due to trading or market volatility or margin debit balances) for 12 months, or TD Ameritrade may charge the account for the cost of the offer at its sole discretion. TD Ameritrade reserves the right to restrict or revoke this offer at any time. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business. Please allow 3-5 business days for any cash deposits to post to account.
TD Ameritrade Review
In addition to generous new client promotion offer, TD Ameritrade offers several good trading tools to help investors meet their financial goals and by many financial
publications it is rated the Best Online Trading Firm in 2016. Let's take a look at each trading system and evaluate its strengths and weaknesses.
TD Ameritrade Website
The first trading tool that TD Ameritrade offers is the website. It's more sophisticated than what other brokers, such as Vanguard and Scottrade, offer. It's an advanced trading tool that has a lot of useful features. Traders can contact customer service, research possible trades, or plan for retirement. The site is easy to learn and navigate.
At the bottom of the browser is SnapTicket. This is a trade ticket that makes order entry for stocks, ETF's, and options quick and easy. At the top of SnapTicket, vital information is displayed, such as last trade price and bid-ask spread. Trades for stocks and ETF's can be placed with SnapTicket in one of two modes: basic and rapid. The basic version displays a small chart along with the usual order fields, such as quantity and order type. The rapid version allows for a string of characters to be entered, such as b100msft31.33, which is an order to buy 100 shares of Microsoft at $31.33 or lower.
The website is also very good for researching markets and securities. Educational tools cover a variety of topics, from bond trading to retirement planning. Users have access to IPO's, educational planning, and trading ideas. The broker also has important information on its site covering forex and futures trading, which it offers.
Investors who don't want to buy and sell on the website should consider Trade Architect, a Java-based system. It's launched from the website and creates a separate window. It has a user-friendly interface that is easy to navigate. Traders can watch CNBC free of charge. Financial news is available in U.S., European, and Asian versions. The live stream can also be detached from the platform into a separate window, which allows the video to be displayed full-screen.
Trade Architect is customizable. Users can choose three background colors: blue, white, or black. The information in the account summary can be customized. User can add or delete such categories as mutual fund balance, unsettled cash, long stock value, or option buying power.
In the middle of the screen is a row of tabs: Trade, Account, Watchlist, Chart, and Ideas. These tabs present important information just as their names imply. The Ideas tab presents a stock and option screener along with market movements and an events calendar.
Updated on 8/25/2016.