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TD Ameritrade Account Closing Fee. How To Close TD Ameritrade Account.


2018 TD Ameritrade account closure fee. Cost and how to close TDA brokerage investing or IRA accounts online. TD Ameritrade termination, deletion, canceling fees.



TD Ameritrade Account Cancel Fee


TDA / TD Ameritrade does not charge account closure fees for both regular brokerage joint or individual accounts. Information on how to cancel TD Ameritrade account is below.


TD Ameritrade IRA Account Closing Fee


There is also no cost to cancel IRA accounts at TD Ameritrade: this applies to traditional IRA, ROTH, SEP, and SIMPLE IRAs.


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How To Close TD Ameritrade Account


To cancel TD Ameritrade account, you first move your cash to your bank or another broker. If you have investments you can either sell them or transfer to another broker. Then you call TD Ameritrade customer service and ask them to cancel your account.

The paperwork for an account transfer from TD Ameritrade to another brokerage firm is handled on the incoming side. TD Ameritrade does charge $75 for full outgoing account transfers, although Apex clients pay nothing. To qualify for Apex status, investors must execute 5 or more trades every 30 days or have an account balance of at least $100,000. Partial account transfers are free for both account types.

The process of moving TD Ameritrade account to other popular brokers is described in this article: Transfer TD Ameritrade account »


TD Ameritrade Top Competitors


Broker Review Stock/ETF
Commission
Mutual Fund
Commission
Options
Commission
Maintenance
Fee
Annual IRA
Fee
Ally Invest $4.95 $9.95 $4.95 + $0.65 per contract $0 $0
Firstrade $0 $0 $0 $0 $0
ZacksTrade $3+ $27.95 $0.75 per contract $0 $0







Customer Service


TD Ameritrade offers around the clock support for customers who require assistance with their accounts. In addition, customer service can be obtained from representatives who speak Mandarin, Cantonese, and Spanish.

TD Ameritrade also has over 450 branches in the U.S. that can be used if more personalized service is required.

Like TD Ameritrade, E*Trade also offers customer service 24 hours per day. However, with only 30 physical locations that can be an issue for those investors seeking more personalized service.

TD Ameritrade appears to take more care in providing customer service support to its customer, and as a result comes out ahead in this area.


Bonds and CDs


One may buy and sell both bonds and CDs. There is a wizard that will locate a specific bond or CD (including ones that are tax-deferred) as well as allow one to construct a laddered portfolio. Commissions are determined on a net yield basis.


IRAs


Individual Retirement Accounts have no setup fees, inactivity fees, or annual fees and can be opened with any amount of capital. Roth, Traditional, SE, SIMPLE, Minor, and Rollover are the types of IRAs available, and there are a large number of educational resources available on the website.


Other Trading Platforms


TD Ameritrade has other options available for users that desire advanced trading tools. These tools are free to use even if there is no money in a client’s account.


Trade Architect®


This Java-based platform allows for experienced traders to have access to many advanced tools, including Level II quotes. The five basic tabs are trade, account, watchlist, chart, and ideas; there is also an option that lets one construct their own tabs.

The chart tab provides real-time information for stocks and various indices and gives the user a large number of options from which to choose. The watchlist tab lets one keep track of such things like bid, ask, and volume. The ideas tab provides critical information, including the most active stocks, and features a CFRA options screener and a stock screener.

CNBC is broadcast live from this platform and is available in its U.S., European, and Asian forms.


thinkorswim®


Thinkorswim was acquired by TD Ameritrade and is one of the best trading platforms in the world. Its rates are identical to TD Ameritrade, and it broadcasts CNBC along with other valuable programs such as Shadow Trader and live broadcasts from the S&P 500 pit.

This service is available as a download from the TD Ameritrade website, and installing it only takes a few minutes.

In addition, this platform provides Level II quotes and a thinkback features that lets one backtest strategies. The analysis function lets one view a risk graph that will assist with the calculation of the best hypothetical manner with which to set up a trade. The charts created by thinkorswim are of the highest quality and can be set up with a wide variety of options.


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Futures and Forex


Clients with margin accounts can trade futures with thinkorswim, and the fee is $2.25 per contract. However, margin accounts require a minimum balance of $2,000 dollars, and one must apply and be approved in order to have such an account. There are more that 60 futures products available, including agriculture, interest rates, stock indices, currencies, energies, and metals.

Customers of thinkorswim with margin accounts are also allowed access to the global currency markets (Forex), and have access to currency trading maps and global forex charting packages.

However, one of the most helpful features of this platform is its ability to let a user perform actions in a market by using virtual (fake) currency. With such an option available, it is possible to test an infinite number of strategies in real-time without having to risk any capital. Such information may often prove to be invaluable at a later point in time.


How To Close TD Ameritrade Account Disclaimer


For the most recent information on TD Ameritrade closing fees (cost to leave TD Ameritrade) and on how to cancel TD Ameritrade account, visit their website.