TD Ameritrade 300

How to Open TD Ameritrade Account for Free. How Long Does TD Ameritrade Application Take?

Is it free to open a new TD Ameritrade account (brokerage or IRA)? How long does take to approve an account? How to create TD Ameritrade account online?

Open TD Ameritrade Account

To open TD Ameritrade account, simply click on the new customer application link or button below, which will take you to TD Ameritrade's website and follow the website's instructions:

Open TD Ameritrade Account

Creating New TD Ameritrade Account

The new account registration process is well-designed and very fast: it typically takes 10-12 minutes to complete an application. When it's done, users are free to immediately login and explore the website. New customers can link to their bank account and fund the brokerage account right away: no micro-deposit verification required.

Learn more in TD Ameritrade Account Review.

How Long Does TD Ameritrade Application Take?

The account opening process at TD Ameritrade usually takes about a day, although it can take up to 3 days. According to TD Ameritrade, if the process takes more than a day for any reason, it is most likely due to the account creation team confirming some of the information provided in the application.

Is It Free To Open TD Ameritrade Account (Brokerage or IRA)?

Yes, it's completely free to create a TD Ameritrade brokerage or IRA account. Minimum initial deposit for new customers is $0 for cash account, and $2,000 is required for margin account.

Is It Worth To Open TD Ameritrade Account?

When you open an online brokerage or IRA account with TD Ameritrade you get the following advantages:

  • $0 commissions on stocks and ETFs
  • Very few fees and no surcharges
  • Large and well-known company with 450 local branches
  • Excellent trading platform called Thinkorswim
  • 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.)
  • Large number of mutual funds - around 13,000 available; 4,200 NTF (no-transaction fee) funds
  • Free DRIP (dividend reinvestment plan)
  • No-fee IRA accounts

Open TD Ameritrade Account

TD Ameritrade Funds

TD Ameritrade is a widely used discount brokerage firm that often times ranks at the top of the reviews for online trading accounts. TD Ameritrade caters to those investors who are the take charge; do-it-yourself types who love to plan their own financial futures and take control of their financial lives.

Most TD Ameritrade clients are savvy in the area of stock and ETF (Exchange Traded Fund) research. They know how to read and interpret the third party research that TD Ameritrade provides, and they know how to implement what they’ve gathered from this information into a workable investing plan.

Of course, the goal of these account holders is to maximize wealth through buying low and selling high. While this goal of realizing capital gains is shared by most investors, the average TD Ameritrade account holder goes about his goal with the short term in mind. In other words, while most investors subscribe to the long term, buy-and-hold strategy, most TD Ameritrade owners are just the opposite: they are traders by nature and their length of holding an investment is usually short term. Most of the time, TD traders are buying and selling once the trade is profitable.

Because of this trading nature, TD Ameritrade has its commission structures designed to cater to keeping costs low for frequent round-trip, buy/sell trades. Commissions can be as low as $0 for on-line equity trades. For the retail trader, TD Ameritrade is an inexpensive alternative to a more expensive full service broker, which may charge up to $100+ for the same trade.

While TD Ameritrade is inexpensive for equity trading, it can be quite expensive to trade mutual funds. Account owners can purchase the usual A, B, or C share mutual funds from a variety of mutual fund families in their account, while TD Ameritrade collects the commissions that would normally be paid to full service brokerage houses and their financial advisors.

On the other hand, if the TD Ameritrade account holder wishes to buy No-Load mutual funds from such well known and popular fund companies such as Vanguard and Fidelity, the account owner can. With a No-Load fund purchase, an account holder saves on sales charges, but pays a whopping $49.99 commission to TD Ameritrade per trade!

While this $49.99 commission may look very steep, there is in fact a logical payoff to the purchase of the No-Load fund. A $5,000 purchase of a No-Load fund at a charge of $49.99 will pay for itself in one year. This is because the normal load for a C-Share loaded fund is 1% per year, year after year. At the same time, if your full service broker puts you in an A-Share, you will break even with a No-Load fund and the $49.99 trade fee at about an $850 fund purchase.

TD Ameritrade’s fee for No-Load fund trades may seem high at first. But on closer inspection, there is a payoff to the No-Load mutual fund purchase that is easily shown.

To sum up, even at the $49.99 commission of No-Load Mutual Funds, TD Ameritrade offers its mutual fund investors a breakeven/payoff levels come at l ow dollar levels of purchase amounts.

Open TD Ameritrade Account

Open TD Ameritrade Account

About the Author
Chad Morris is a financial writer with more than 20 years experience as both an English teacher and an avid trader. When he isn’t writing expert content for, Chad can usually be found managing his portfolio or building a new home computer.