TD Ameritrade 300

TD Ameritrade Offers

Current TD Ameritrade offers: $600 cash + trade FREE 60 days. Best TD Ameritrade special bonus offer to transfer or open new account (broker, IRA, ROTH, SEP, rollover).

TD Ameritrade Offer

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TD Ameritrade Offer Details

This current TD Ameritrade offer will give every new account free trades for 60 days if it is funded with $3,000 or more. Investors who can deposit at least $25,000 will receive a cash bonus of $100 on top of the free trades. This TD Ameritrade offer is a good opportunity to try out thinkorswim trading platform without paying any trading commissions.

TD Ameritrade Rating and Review

TD Ameritrade rating

TD Ameritrade IRA Trading Fees

The broker's regular commission schedule applies to retirement and non-retirement accounts alike. The cost of trading ETF's and stocks is $6.95. A human broker is available to help clients complete a trade over the phone. Using this service is a very steep $44.99. Alternatively, traders can place a trade over the broker's automated phone system for a more reasonable $34.99.

Despite these somewhat expensive commissions, TD Ameritrade does offer a list of approximately 2,000 mutual funds that carry no load and no transaction fee. These NTF funds offer retirement savers some good investment options, such as inflation-protected bonds and REIT's. There are more than 11,000 mutual funds in total at TD Ameritrade. Transaction-fee funds carry a $49.99 charge, which is applied to purchases, sales, and exchanges.

NTF funds with TD Ameritrade must be held at least 180 days, or the broker will consider the sale to be a short-term trade. In this case, there is a $49.99 fee. However, ProFunds and Rydex fund families are exempt from the short-term trade policy.

Target date mutual funds are available at TD Ameritrade. These funds are designed for retirement savers. Investors can choose from several different fund companies, including Vanguard, T. Rowe Price, and Wells Fargo. Some of the target date funds have no load and no transaction fee.

Retirement savers will also find over 100 exchange-traded funds at TD Ameritrade that are free to trade. All of these free-to-trade funds have expense ratios below 1.00%. Some are below 0.10%. There are several that have portfolios that would be ideal for retirees, such as investment-grade bonds and blue chip stocks.

TD Ameritrade IRA Fees

TD Ameritrade offers its clients no-fee IRA's. This promise of no fees includes no setup fee, no annual fee, no inactivity fee, no account maintenance fee, and no low-balance fee. All TD Ameritrade IRA's, including custodial IRA's, have the same fee-free structure. There is no fee to close an IRA, and there is no minimum opening deposit requirement for any retirement account.

TD Ameritrade IRA Fees Comparison

TD Ameritrade's zero opening requirement is much better than Charles Schwab's $1,000 requirement for IRA's. On the other hand, TD Ameritrade's $6.95 commission is higher than some of its rivals, such as Ally Invest ($4.95). TD Ameritrade offer of 2,100 commission-free funds is quite large compared to many other firms, including Firstrade, Merrill Edge, and E*Trade. Finally, the broker has much better IRA and retirement education on its website compared to what many other brokers offer, including Scottrade and Ally Invest.

TD Ameritrade vs Schwab

Charles Schwab and TD Ameritrade are some of the most recognized and largest online brokerage houses in the United States. They have very similar trading commissions and fees, and attract mainly the same category of customers - buy-and-hold and retirement accounts investors.

Charles Schwab provides somewhat better than the competitor customer service. However, unlike TD Ameritrade, Schwab does not offer free streaming quotes and sophisticated trading platform to all its clients.

TD Ameritrade and Charles Schwab don't charge account inactivity and maintenance fees, as well as surcharges on large orders, penny stocks and after-hours trading. There are also no IRA setup and annual IRA fees, and we recommend TD Ameritrade for a fee-free IRA account.

TD Ameritrade offers a fee to buy or sell mutual fund at $49.99 versus $76 to buy and $0 to sell at Charles Schwab.

TD Ameritrade acquired one of the most innovative trading firms - ThinkOrSwim - and now offers two excellent, professional level trading platforms to its customers for free. The firm provides lots of great services at no charge: rich selection of third-party, independent investment research (Standard & Poor's, Morningstar, Jaywalk, TheStreet, etc.), free DRIP, access to online investor community, virtual trading, and best-in-industry trading tools. Out of these two online brokers, it is our recommendation to most investors.

Updated on 1/7/2018.