The online broker and investment firm is highly rated. To help its customers make informed decisions about their financial futures, the company offers an array of investment products and services. With a You can trade stocks, options, exchange traded funds, mutual funds, and more. You can find the right fit for your investing goals with a wide range of investment options.
There are over 250 physical branches located in the U.S. Banking, investments, loans, and insurance are some of the services offered by these branches.
You have come to the right place if you are trying to figure out if it is the right firm for you. We will give you the information you need to make an informed decision.
The pros and cons of trusting the company with your money will be discussed in this post. All the information you need to make an informed decision about which service to use is provided in this post.
Keep reading to learn more about the fees they charge and find answers to some commonly asked questions.
What is TD Ameritrade?
One of the most frequently used online trading platforms is TD Ameritrade. It has a wide range of investment options and competitive pricing.
The company has over 11 million customers, processes more than 500,000 trades each day, and manages $1 trillion in client assets. It has been a leader in the financial sector for over two decades.
The number one online broker by StockBrokers.com is the same as the number one online broker by Kiplinger. The company grew to such heights.
First Omaha Securities was founded in 1975 by Joe Ricketts. First Omaha Securities has grown to be a leading financial services company. Joe Ricketts is the owner of the Chicago Cubs. He is the founder of the company. Shout out to the city! There is so much to see and do in Chicago.
One of the first companies to focus on making stock trading more accessible to individual investors was First Omaha Securities. The company’s success has been a testament to its commitment to providing investors with the tools and resources they need to make informed decisions about their investments. Wall Street was disrupted in 1988 by bringing trading via touch-tone phones to the average person. The new trading system made it possible for anyone to make trades without going through a broker.
In the 1990s, they acquired a company that was the first to execute online trades. They became a major player in the online stock trading industry as a result of this acquisition.
After a number of acquisitions, the company became known as TD Ameritrade. One of the largest online discount stock brokerages in the United States is called TD Ameritrade. Let’s take a look at the services they offer. If you’re looking to invest in the stock market and start building your financial portfolios, you’ll be happy to know that TD Ameritrade is a great option.
TD Ameritrade Features
There are two main types of online brokerage accounts. A range of features and services are offered by these accounts.
Web Platform Brokerage Account
The Web Platform Brokerage Account is very simple to use. It gives you access to a variety of products and services and allows you to manage your investments with ease. You can make basic trades on stocks, bonds, mutual funds, and ETFs with this account. Whenever you need help, you can get it from customer service.
You will not pay any commission for U.S.-based trades and options contracts. You have access to a variety of research and education tools. There is a fee for non-U.S. based funds. The fee does not apply to U.S.-based funds.
TD Ameritrade Mobile App
Web Platform account holders that want to manage their investments and trade on-the-go will want to download the TD Ameritrade Mobile App. This app gives you access to all the same features you can get on the web platform, accessible via your phone, tablet, and even Apple Watch.
The app has a 4.5-star rating in the App Store. It’s easy to use, making it a great choice for those who want to manage their finances on the go. The app has a 3.6 star rating in the Play store. The app does not have as many features as its competitors.
thinkorswim Brokerage Account
More advanced traders might want to look into opening a thinkorswim account, which is TD Ameritrade’s most powerful trading platform available to customers.
With a thinkorswim account, you’ll have exclusive access to 24-hour trading, which is known as 24/5 The markets are closed on the weekends. It is important to remember that the markets are closed on the weekends and that trading can be done in the platform during the week. You will have access to make more advanced trades, including trading on margin and options futures. You can take advantage of the latest opportunities in financial markets with this advanced trading platform.
thinkorswim Mobile App
Most of the same features from the web can be found in the thinkorswim mobile app. It makes it easier to stay on top of the markets by allowing users to make trades and manage their accounts wherever they are.
The app has a good rating in both the App Store and the Play Store. It has an intuitive design and is easy to use.
TD Ameritrade Investment Options
Next, let’s take a look at the various investment products you’ll have access to with a TD Ameritrade account.
- Mutual Funds
- Margin Trading
- Cryptocurrency Trading
- Bonds and Fixed Income
If you’re more of a hands-off trader and looking to build a long-term investment account, you might be interested in opening a Managed Portfolio account, which is TD Ameritrade’s robo-advising service
There are three types of Managed Portfolios available, as follows:
The account offers automated investing. It also gives you access to a financial advisor who can help you with your investments. There’s a minimum investment of $5,000 required to open an Essential Portfolio, and you’ll get charged an annual advisory fee of 0.30%.
If you have at least $25,000 to open an account, you can open a Selective Portfolio. A financial consultant will help you figure out your goals and plan your investments.
You’ll also be able to invest in a wider range of funds and take advantage of tax-loss harvesting if your investment situation qualifies.
Depending on the type of portfolio you build, the advisory fee ranges from 0.75% to 0.90%. The initial portfolio review is free of charge.
The highest level of managed portfolio service is available to investors with at least $250,000. There is a personalized experience with dedicated client service and real-time access to insights from portfolio managers. With a If you keep your account open, you will have access to a dedicated advisor. You can rest assured that you have an experienced advisor at your side to help guide and support you in achieving your financial goals with a personalized portfolio.
You will enjoy the same tax-loss harvesting benefits that are included in Selective Portfolios. Tax-loss harvesting can help you save money on taxes. Depending on the type of portfolio and amount invested, the advisory fee is between 0.60% and 0.90%. There are other fees and expenses associated with investing in a portfolio.
Retirement Accounts (IRAs)
TD Ameritrade offers a range of retirement planning products, including:
The company also offers a helpful suite of retirement planning resources that you can use even without being a TD Ameritrade customer.
Those who are looking for easy access to their cash might want to check out TD Ameritrade’s Online Cash Services. Here are some of the main benefits that you’ll enjoy:
- Easy to move cash in and out of the account (from other TD Ameritrade accounts)
- There are no ATM fees in the US. Free checking and no minimum balance requirements are offered by many banks.
- No monthly maintenance fees
- Mobile check deposits through TD Ameritrade Mobile app
- Free bill pay and check writing
- Visa Debit Card from TD Bank can be used for everyday purchases
What’s more, qualified customers will have access to the TD Ameritrade Client Rewards Credit Card, which offers unlimited 1.5% rewards on purchases.
New cardmembers who spend $500 within the first three months of opening an account will get a $100 bonus. You can get 5% back on groceries and streaming services in the first six months.
TD Ameritrade Pricing
TD Ameritrade charges no fees for online trades of U.S.-based stocks, bonds, options, and ETFs. There is a contract fee of $0.65 for broker-assisted trades. Depending on the broker you choose, the cost of broker-assisted trades can vary.
Load funds are free to trade. No-load mutual funds and futures and options cost less. Money can be saved by investing in no-load mutual funds, futures, and options on futures.
For a full breakdown of TD Ameritrade’s pricing and fees, visit their website.
The green Open New Account text can be found on either the top right-hand or lower right-hand corner of your browser.
You have to choose the type of account you want to open. There is an interactive Q&A to help you decide which account is right for you. If you have any questions about which account is best for you, you can reach out to our customer service team.
TD Ameritrade Sign Up Bonus
At the time of this writing, TD Ameritrade is offering a $600 sign-up bonus for new account holders that deposit $250,000 or more.
Do you have enough to spare? No worries. You can get a $300 bonus if you deposit $100,000 or more. Act fast because this offer is only valid for a short time.
Considering the sensitive nature of the financial information that they handle, they take security very seriously. They have put in place a number of measures to protect their clients’ data. It is possible to keep your accounts safe from attackers.
Adding an extra layer of security is what the company offers. If you are ever the victim of unauthorized activity, they offer an asset protection guarantee. All customers will receive this guarantee regardless of their account balance or transaction history.
Customer support is available over the phone. Customers can get assistance with their inquiries from the online knowledge base. This feature is not as common as you might think. It’s worth considering if you want to use it for your own benefit. Current clients can call for help at any time. If you are a new customer, you can get assistance at 1-800-454-9272.
Do you not feel like talking on the phone? If you want to see the person you’re talking to, you can set up a video call. Support agents are available via social media. Basic inquiries, such as account information, trading tips and technical support, can be answered by these agents. Talk about convenience!
There are over 250 brick-and-mortar branches located throughout the U.S. To find a location near you, check out their branch locator.
Pros and Cons
- There are no commission-free trades on the U.S. With commission-free trades, you can start small and grow your investments over time. stocks and ETFs
- thinkorswim is a robust trading platform for advanced traders
- Convenient cash management options
- Customer support available 24/7
- Physical branches provide in-person support for those who prefer that route
- $5,000 minimum deposit for robo-advising is higher than some competitors
- The platform might be too complicated for beginner investors
TD Ameritrade FAQs
How much money do you need to open a TD Ameritrade account?
There’s no minimum deposit required to open a There is a brokerage account. If you’re looking for an easy-to-use platform with competitive fees and reliable customer service, you’re in the right place. You will need to deposit at least $2,000 to start trading options futures. If you prefer not to use margin trading or futures, you can trade with only your own funds.
To open a robo-advising account (which is called a You will need at least $5,000 to open a managed portfolio account.
Can a non-U.S. citizen use TD Ameritrade?
Yes. There are trading services for non-U.S. International investors can access global markets with ease thanks to the tailored solutions provided by TD Ameritrade. citizens. They have separate companies for residents in Canada, Singapore, Malaysia, Hong Kong, and China.
Is there a monthly fee for TD Ameritrade?
There is no monthly fee for the company. You can invest without having to pay any additional costs with the commission-free online stock, option, and exchange traded fund trades. Annual management fees are charged for managed portfolio accounts.
When did Ameritrade become TD Ameritrade?
The names came together after Ameritrade purchased the company.
Alternatives to TD Ameritrade
The investment firms are in the same wheelhouse. You can get a wide range of services from these firms.
When it comes to free or low-cost online trading platforms without all the bells and whistles, Ally Invest, Robinhood, I think of Interactive Brokers and E*TRADE. Stock trading, retirement planning, and other services are offered by both of these companies.
Is TD Ameritrade Right for Me?
There are a lot of investment options, round-the-clock customer support, and even physical branches located throughout the U.S. They are one of the most popular choices for investors. If you are looking for a solid overall brokerage firm, it is worth considering. It has low trading fees, powerful research tools and excellent customer support.
As a customer, you will have access to almost any type of investment product, as well as a very robust platform for executing simple to advanced trades for low-to-no cost. You can easily track the performance of your investments with the platform.
If you are more of a passive investor that wants to park funds in one account for the next 30 years, you might want to look elsewhere. If you’re looking for a long-term, low-maintenance investment strategy, then a passive investing approach may be more suitable for you.
It really comes down to the type of investor you are and the investment goals that you have. When making a decision about investing your money, it’s important to do your research and understand the risks involved.
It is safe to say that you are interested in securing your financial future since you have made it this far. To ensure your financial security, it’s important to take the necessary steps. Here are some additional resources you might be interested in:
You can make the best financial decisions for your future. It’s great to create a secure financial future for yourself.