deposit:
- $1
Trading platform:
- Thinkorswim
- Classic web platform
- NextGen web platform
- TD Ameritrade Mobile
- FINRA
- SIPC
TD Ameritrade Review 2024
deposit:
- $1
Trading platform:
- Thinkorswim
- Classic web platform
- NextGen web platform
- TD Ameritrade Mobile
- 1:2
- Margin trading is available after making a deposit of $2,000 or more
Important!
We want you to be sure that the company you register with can be trusted - which is why we have done extensive research. We looked at a large number of factors to bring you only the top options when it comes to stock investments. Below, you’ll find a quick overview of our selection - these are currently the best stock brokers that you can invest your money with.
Summary of TD Ameritrade Trading Company
TD Ameritrade is a moderate-risk broker with the TU Overall Score of 6.85 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by TD Ameritrade clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews. TD Ameritrade ranks 16 among 79 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.
TD Ameritrade is a broker with a wide range of investment assets and high-quality trading platforms, which is mainly aimed at seasoned US-based traders.
TD Ameritrade is an American broker that provides top-notch online services for trading and investing in securities on the OTC markets. The company was founded in 1975 under the name First Omaha Securities. It was reimagined as an online broker in 1998. TD Ameritrade is a member of FINRA (CRD#: 7870/SEC#: 801-60469,8-23395 ) and SIPC and currently serves over 11 million client accounts. The broker offers simple pricing, high-tech trading platforms with professional analytics, and a wide range of markets and investment products. TD Ameritrade was named Best Online Broker 2020 by StockBrokers.com and ranked first in the Platforms & Tools, Beginners, Education, and Customer Service categories.
💰 Account currency: | USD |
---|---|
🚀 Minimum deposit: | From $1 |
⚖️ Leverage: | 1:2 |
💱 Spread: | Missing |
🔧 Instruments: | Stocks, options, ETF, mutual funds, futures, bonds, annuities, IPO, CDs, Forex, cryptocurrency |
💹 Margin Call / Stop Out: | No |
👍 Advantages of trading with TD Ameritrade:
- The broker's regulators are FINRA and SIPC, which guarantee the protection of client funds and their return in the event of TD Ameritrade's bankruptcy or other default.
- Clients have open access to the securities market, OTC, derivatives trading, and legal work with Forex instruments.
- The broker offers a vast array of investment products for generating passive income.
- The company does not charge fees for trading in American and Canadian stocks, options, and ETFs.
- There are no requirements for the size of the minimum deposit on cash accounts.
- The broker offers high-tech author's terminals that work from desktop or mobile device.
👎 Disadvantages of TD Ameritrade:
- A high entry threshold has been set for margin trading and investment in managed portfolios.
- The broker offers a limited selection of payment systems for deposits and withdrawals.
- There is no online chat on the company's website. It is available only in some versions of trading platforms.
Evaluation of the most influential parameters of TD Ameritrade
Table of Contents
Geographic Distribution of TD Ameritrade Traders
Popularity in
Video Review of TD Ameritrade i
TD Ameritrade Latest Comments for 2023 i
Share your experience
- Best
- Last
- Oldest
Expert Review of TD Ameritrade
TD Ameritrade is a regulated stock broker that offers its clients a vast array of trading and investment opportunities. Here you can make transactions with exchange-traded securities, assets of the OTC market, and Forex instruments. Investors have access to cash solutions from partners — Charles Schwab, Federated, JP Morgan, and State Street, as well as a line of managed portfolios, compiled under the principles of modern portfolio theory (MPT).
Ameritrade provides both standard cash accounts and margin accounts. Cash accounts do not require a minimum deposit. Margin accounts allow a trader to double his purchasing power, however, you need to replenish the account from $2,000 if you want to get this opportunity. The minimum investment for working with targeted managed portfolios is $25,000; with personalized terms and services, you need $250,000.
TD Ameritrade offers proprietary platforms (web, mobile, and desktop) with built-in calendars, the ability to create multiple watch lists, and a GainsKeeper calculator to automatically track capital gains and losses. Also, clients have access to market updates and news in real-time, advanced fundamental analysis, third-party research from TipRanks with target prices and Smart Score ratings.
Dynamics of TD Ameritrade’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets, and Products of the Broker
The Ameritrade broker allows its clients not only to trade securities but also to invest free capital in stocks, options, ETFs, mutual funds, IPOs, and annuities. The company has developed a range of diversified portfolios managed by investment professionals. Also, TD Ameritrade customers can invest in pensions, special instruments (includes trusts, limited partnerships, small businesses, charitable organizations, etc.), and other accounts for further education.
Selective and managed portfolios
TD Ameritrade invites its clients to invest in managed portfolios and thus diversify possible financial risks. If you want to invest in portfolios, you need to answer several questions regarding the investment goal, risk tolerance, and the planned timing of the placement of funds. Based on the data obtained, TD Ameritrade Investment Management specialists recommend a specific investment solution. Types of portfolio solutions:
-
Selective portfolios. Target portfolios composed of ETFs and mutual funds, adapted to different investment objectives and risk levels, with constant rebalancing and monitoring. Designed for long-term investors looking for more sophisticated strategies and practical expert advice. The minimum investment amount is $25,000. The consultation fee is 0.75-0.90% for the first $100,000, depending on the portfolio and the amount of investment. The investor is provided with a financial advisor and a dedicated support team that regularly provides reports on the effectiveness of the chosen strategy. Also, the investor can track the profitability through a convenient online dashboard.
-
Personalized portfolios. Personalized portfolios are targeted at long-term investors who want personalized advice and asset management services. Account-holders who have invested over $250,000 are assigned a personal finance and portfolio advisor. A comprehensive digital dashboard allows you to track all available investments, goals, and performances not only for TD Ameritrade accounts but also for accounts opened at other financial institutions. The commission fee is 0.60-0.90%.
TD Ameritrade offers investment solutions not only to clients with accumulated experience of passive investments but also to newcomers who need professional support and sound advice.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
TD Ameritrade’s affiliate program
-
Referral program. A partner receives $50 for each attracted client who deposited $3,000 within 90 days from the date of opening an account. A partner can link a maximum of 10 friends and family members per day, but no more than 50 referrals per month.
Not only a partner but also a referral can get from 150 to $1,000 to the account if they top it up with $50,000 or more. The offer is not available for individual retirement accounts (IRA) or for other accounts that are not taxed.
Trading Conditions for TD Ameritrade Users
The broker TD Ameritrade offers favorable conditions for active traders and passive investors. The minimum deposit for investment and trading starts at $1. The company's clients can trade US stocks, US and Canadian ETFs, and options with zero commissions. Access to margin trading opens after a deposit of $2,000 or more. The broker does not support transfers through electronic payment systems. Also, credit and debit cards cannot be used to deposit and withdraw funds.
$1
Minimum
deposit
1:2
Leverage
24/7
Support
💻 Trading platform: | Classic web platform, NextGen web platform, TD Ameritrade Mobile, Thinkorswim (web, desktop, mobile) |
---|---|
📊 Accounts: | Paper Account (Demo), Standard (Cash, Cash and Margin, Cash and Option, Cash, Margin and Option), Retirement (Traditional IRA, Roth IRA, Rollover IRA), Education (529 Plan, Coverdell), Specialty, Managed Portfolios |
💰 Account currency: | USD |
💵 Replenishment / Withdrawal: | Electronic bank deposit (ACH), wire transfer, asset transfer from another brokerage company, by check via mobile app, physical certificates of shares |
🚀 Minimum deposit: | From $1 |
⚖️ Leverage: | 1:2 |
💼 PAMM-accounts: | No |
📈️ Min Order: | 0.1 |
💱 Spread: | Missing |
🔧 Instruments: | Stocks, options, ETF, mutual funds, futures, bonds, annuities, IPO, CDs, Forex, cryptocurrency |
💹 Margin Call / Stop Out: | No |
🏛 Liquidity provider: | JP Morgan, Citadel Securities, XTX Markets, HC Technologies, Virtu Financial |
📱 Mobile trading: | Yes |
➕ Affiliate program: | No |
📋 Orders execution: | Market execution |
⭐ Trading features: | Margin trading is available after making a deposit of $2,000 or more |
🎁 Contests and bonuses: | Welcome bonus |
TD Ameritrade Commissions & Fees
Account type | Spread (minimum value) | Withdrawal commission |
Standart | From $1.65 | No |
The broker does not withhold commissions for non-trading operations; however, they can be charged by banks that accept and send payments. Traders Union analysts compared the average trading fees for equities and ETFs from Ameritrade and other popular stock brokers. Based on these assets, all three companies enable traders to trade with zero commissions.
Broker | Average commission | Level |
TD Ameritrade | $1.65 | High |
TradeStation | $0.53 | Low |
ETrade | $1 | Medium |
Detailed Review of TD Ameritrade
TD Ameritrade is a US-regulated broker that provides its clients with access to the exchange, over-the-counter (OTC), and foreign exchange markets. The company offers a vast array of investment products, including savings and trust accounts, small business plans, and personalized asset portfolios. TD Ameritrade’s trading platforms are primarily designed for experienced market participants, but a simplistic and user-friendly interface allows novice traders to work with them.
On the success of TD Ameritrade in numbers:
-
Over 46 years of experience in the financial sector and over 23 years in the online services industry.
-
More than 175 brick-and-mortar branches of the company operate in the USA.
-
More than 11 million clients have opened accounts.
-
The total amount of client assets exceeds $1 trillion.
-
Every day, clients make about 500,000 transactions on average.
Ameritrade has a wide range of analytical instruments
Ameritrade is committed to providing a best-in-class experience for independent investors and traders. Clients have free access to in-depth analytics from renowned independent vendors such as Morningstar, CFRA (S&P Capital IQ), and TheStreet. The broker supplies advanced Nasdaq TotalView quotes of the second level and offers unique tools for tracking potentially profitable assets.
A vast array of trading platforms are available to traders with TD Ameritrade accounts. The broker's clients can make transactions in the Web Platform (classic version and more advanced platform of the next generation) and through the applications of TD Ameritrade Mobile. Futures and currency pairs are traded through the Thinkorswim terminal, but they can also be used to trade the stock market and OTC assets.
Useful TD Ameritrade services:
-
Market heat map. An interactive map displays the dynamics and quotes of the main stock indices around the world.
-
Ticker Tape. Up-to-the-minute market analysis and trend reports, brand-new insights from TD Ameritrade experts, and insights from third-party industry professionals.
-
Market Edge. Technical analysis, ratings of thousands of assets, as well as commentary and guidance on stock markets, bond markets, portfolio management, and specific investment opportunities.
-
Screener. A tool to find stocks, options, mutual funds, or ETFs that match user-specified criteria.
Advantages:
Trading is possible from installed desktop and mobile applications. Also, the browser app does not require traders to download software onto their devices as long as they are connected to the internet.
The broker provides top-notch streaming news, market data and free Nasdaq Level II quotes.
Clients receive optimal trading conditions for individual assets.
There is a low fee for consulting investment experts on target portfolio management.
Customer funds are held in bank accounts that are segregated from the capital of the broker.
The broker does not charge a fee for opening an account, providing platforms, supplying market data, inactivity, or depositing and withdrawing funds.
How to Start Making Profits — Guide for Traders
TD Ameritrade offers standard trading, investment, retirement, savings, and specialized accounts. To start trading with stock market instruments, a trader needs to open a Standard account.
Account types:
The broker provides a demo account called PaperMoney but only through the Thinkorswim trading platform. TD Ameritrade offers a vast array of trading accounts with various functions, which allows traders with any experience and available capital to successfully trade.
Bonuses Paid by the Broker
Welcome bonus
When opening a brokerage account using the referral link of an existing client and making a deposit of $50,000, the new client receives from $150 to $1,000 on the balance. The exact amount of the bonus depends on the amount deposited.
Investment Education Online
The broker's website has an extensive section on training. Here, a novice trader will find information on the basics of trading in the stock and OTC market, as well as news, useful articles, and a detailed analysis of trading and investment accounts.
Traders can solidify theory into practice by opening and practicing on a demo account on the Thinkorswim platform.
Security (Protection for Investors)
The TD Ameritrade broker, a subsidiary of the financial holding Charles Schwab Corporation, is registered under the trademark TD Ameritrade, Inc. The activities are supervised by FINRA, the US Financial Services Regulatory Authority.
TD Ameritrade is a member of the SIPC (Securities Investor Protection Corporation), which protects broker clients up to $500,000 (including $250,000 in case of cash claims). SIPC payments are only available on securities accounts. It is not Corporation policy to protect accounts that are used for cryptocurrency trading.
👍 Advantages
- Segregated accounts are used to store customer funds
- In case of violations by the broker of the offer, the trader can file a claim with the regulator
- Availability of insurance policy
👎 Disadvantages
- The regulator limits the choice of available payment systems
- Full verification of the client's personal and billing information is required
Withdrawal Options and Fees
-
The broker offers the following methods for depositing and withdrawing funds from accounts: electronic bank transfer via ACH (Automated Clearing House) or wire transfer, transfer of assets from another brokerage company, by check via a mobile application or email, physical certificates of shares.
-
Withdrawals through ACH are commission-free.
-
Additional commissions can be charged by the bank to the sender, the intermediary, and/or the recipient.
-
Verification is a prerequisite for the ability to perform financial transactions on accounts.
-
The terms for crediting funds on the broker's website are not indicated.
Customer Support Service
Account service and support are available 24/7, with technical support available Monday through Friday, from 7:00 am to 6:00 pm ET.
👍 Advantages
- It is possible to contact the technical support via the trading platform
- Multilingual support
👎 Disadvantages
- There is no online chat on the site
- There is no 24/7 technical support
You can contact the broker's representatives using:
-
calls to international phone numbers specified in the Contact Us section;
-
fax;
-
feedback forms;
-
messengers via Facebook or Twitter;
-
teletype (a service for people with hearing impairments);
-
chat in the trading platform (the function is available in Next-Gen Web Platform, TD Ameritrade Mobile, Thinkorswim (desktop and mobile);
-
personal visit to one of the company's 175 offices in the United States.
Both customers with active accounts and users who are not registered on the company's website can ask for help from technical support specialists.
Contacts
Foundation date | 1975 |
Registration address | 200 S 108th Ave, Omaha, NE, USA |
Regulation |
FINRA, SIPC |
Official site | tdameritrade.com |
Contacts |
Phone:
800-454-9272
|
Review of the Personal Cabinet of TD Ameritrade
You can start trading on the TD Ameritrade platform after creating your personal account and opening a trading account. Below is a short step-by-step guide to getting started with a broker:
Before opening a trading account on the TD Ameritrade platform, register on the Traders Union website. Opening an account through the traders Union rebate service will allow you to receive compensation for trading commissions in the future. Then, on the broker's main page, click the Open New Account button.
In the registration form that opens, select the Individual account, and then enter your full name, email address, country, city and address of residence, zip code, and phone number. In addition to personal and financial information, you must provide a Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN). If you are not a citizen or permanent resident of the United States, you must provide your foreign taxpayer identification number, passport details, or visa number. The required field is the name, address, and telephone number of your employer (if you are employed). All specified data must be confirmed by providing scanned copies of the above documents.
The main features of the TD Ameritrade personal account:
Also in the personal account, a trader can:
-
Connect to a web terminal for trading through a browser on a desktop or mobile device.
-
View training materials. They are grouped by asset class to quickly find the information you need.
-
Track trending news and trading ideas.
Disclaimer:
Your capital is at risk. Via TD Ameritrade's secure website. Your capital is at risk.
Read also about other stock brokers:
Articles that may help you
FAQs
Do reviews by traders influence the TD Ameritrade rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about TD Ameritrade you need to go to the broker's profile.
How to leave a review about TD Ameritrade on the Traders Union website?
To leave a review about TD Ameritrade, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about TD Ameritrade on a non-Traders Union client?
Anyone can leave feedback about TD Ameritrade on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
Traders Union Recommends: Choose the Best!
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Via eOption's secure website.