TD Ameritrade 300

TD Ameritrade Extended Hours Trading (Pre Market and After Hours)


TD Ameritrade extended hours trading fees, surcharge, time period. Entering broker pre market and after market orders in 2017.



TD Ameritrade Extended-Hours Trading Time and Fees


If you have a TD Ameritrade brokerage account, you have the ability to trade outside of normal session hours. These are from 9:30 am to 4:00 pm, EST. TD Ameritrade provides access to the pre-market session, which is from 8 am until 9:15 am, and the after-hours period, which lasts from 4:15 until 8 o’clock. Even better, the broker does not charge anything extra for trading during these special periods. The broker’s regular $6.95 commission is assessed against all trades.


Entering Extended-Hours Orders at TD Ameritrade


An order at TD Ameritrade can be flagged to remain in force just for the pre-market session, the after-hours session only, or the regular session plus both extended-hours periods. You can easily choose whichever option you want during the order-entry process by selecting your choice in the drop-down menu. An order that includes the extended-hours period must be submitted as a limit order at TD Ameritrade, and special conditions cannot be added to orders. All extended-hours orders expire at the close of business at 8 pm if they aren’t filled.


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Compare TD Ameritrade After Hours Trading


Compared to the extended-hours policies of other brokers, TD Ameritrade looks fairly competitive. E*Trade, for example, imposes a surcharge on extended-hours trading. It is 0.5¢ per share. Schwab traders can only trade up to 5,000 shares during the special sessions. TD Ameritrade does not either of these rules.


Trading Tools


There are some excellent trading tools available to TD Ameritrade customers who plan to buy and sell securities during extended hours. A handy trade bar called SnapTicket appears at the bottom of the browsing window on the broker’s well-designed website. Vital data, such as bid-ask spread, are displayed. The bar can show a small graph. SnapTicket can be used during the regular session as well.

In addition to the website, TD Ameritrade provides Trade Architect, a simple platform that is launched from the broker’s website. A more sophisticated desktop platform called thinkorswim is available as well. Remarkably, it does not have any account minimum or frequent trader requirement. It boasts 400 technical studies and a host of drawing tools.

The company’s mobile apps (it has three of them) can be used to place orders during the extended periods. One of the apps is a thinkorswim version that has very advanced charting tools. There is also a TD Ameritrade platform for Apple Watch.

TD Ameritrade warns its clients that there are certain risks associated with trading during these special time slots. For example, there is lower liquidity during extended hours, which could make it more difficult to find a buyer in a short amount of time. Bid-ask spreads also tend to be wider during these sessions, which increases the cost of buying and selling. Higher volatility also means more frequent price swings, which can lead to the execution price being far from the current price.


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Overview of TD Ameritrade


Originally known as First Omaha Securities, TD Ameritrade was founded in 1975 and has grown to be one of the world’s premier trading facilities offering a wide range of services for competitive rates.


Basic Trading Platform


The website itself provides the user with an intuitive platform that allows for buying and selling stocks, ETFs, options, mutual funds, bonds, and CDs. There is no account minimum.


Stocks and ETFs


Stock and ETF trades are only $6.95. It is also important to note that there are no extra charges for equities under a dollar or for stocks traded after-hours. In addition, there are over 100 commission-free ETFs available.


Options


Options trades are $6.95 with an additional charge of $0.75 per contract. One is able to buy single order calls and puts as well as covered calls, protective puts, spreads, collars, straddles, and strangles. The option chains provided by the basic platform are easily accessible and not hard to understand.


Mutual Funds


There are over 13,000 mutual funds available for one to buy, sell, or exchange. Over 4,000 of these funds are commission free, and approximately half of these are no load. Clients can set up recurring orders that involve automatically investing, withdrawing, or exchanging funds within a mutual fund investment.

There is also an extensive fund screener that has dozens of predefined choices. One may also create one’s own screen using a wide range of parameters involving performance, ratings, and risk. There is a 49.95 fee to buy or sell funds that are not transaction free. This charge is also applied to a no-transaction-fee fund that is not held for at least six months.

Fortunately, there are many educational videos available on the brokerage’s website that describe the complexities of mutual funds so that the most appropriate choices can be made.


Updated on 10/10/2017.



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