Open TD Ameritrade Account
TD Ameritrade Promotion Details
This TD Ameritrade promotion offer is good for one new account that is funded within 2 months of opening. The account can be an Individual, Joint,
or retirement account. A minimum of $3,000 must be deposited in order to qualify for 2 months of commission-free trades. The TD Ameritrade promo
requires a minimum deposit of $25,000 within 60 days to get a $100 cash prize. Larger deposits qualify for larger bonuses. A deposit of $100,000
gets a $300 award, and $250,000 is eligible for the top prize of $600. It may take up to one week for cash deposits to post to a new account.
This TD Ameritrade promotion is not valid for Keogh plans, tax-exempt trusts, 401(k) plans, money purchase plans, or profit sharing plans. The
offer is neither transferable nor valid for accounts with an Amerivest relationship, internal transfers of funds, TD Ameritrade institutional
accounts, or current TD Ameritrade customers. This promotion is not valid with other offers.
The commission-free trades associated with this offer are good for equity, option, and ETF transactions placed online. A maximum of 500 free trades
can be used, and they all expire 60 days after account funding. For derivatives, exercise, assignment, and per-contract fees do apply. There is a
limit of one TD Ameritrade promotion offer per customer.
The new account’s value must be equal to, or higher than, the balance after the qualifying deposit was received for a 12-month period (not counting
losses due to trading, margin debit balances, or market swings). Otherwise, TD Ameritrade will charge the account for the cost of the offer at its
own discretion. TD Ameritrade can modify or cancel this promotion at any time. It is not a solicitation or offer in any jurisdiction that
TD Ameritrade is not authorized to conduct securities business in.
TD Ameritrade Review
Read detailed TD Ameritrade Review containing broker pros and cons, trading tools overview, commissions and fees.
In addition to generous current new customer promotion 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 2017. 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.
Trade Architect
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.
Pricing
Stock and ETF trades are $6.95, and there is an unadvartised discount for active traders. Option contracts are an extra 75 cents, and exercises and
assignments are a rather expensive $19.99. Placing a trade over the phone tacks on an extra $44.99.
Updated on 9/9/2017.
|