TD Ameritrade Review

Overview of TD Ameritrade and history

TD Ameritrade is one of the largest online brokers in the US, offering a comprehensive range of stocks, ETFs, mutual funds, options, and forex. The company was founded in Omaha, Nebraska in 1975 as First Omaha Securities Inc., and it has since grown to become one of the most popular trading platforms for individual investors. TD Ameritrade is the primary brokerage arm for TD Bank Group - a large Canadian financial institution.

At TD Ameritrade customers can trade on margin or open retirement accounts such as Traditional IRAs, Roth IRAs, and SEPs. They also offer many educational resources such as webinars, seminars, and tutorials to help you get up to speed with trading quickly.

The broker is also well-known for its mobile platform, allowing customers to trade on the go. This includes both Android and iOS apps that offer real-time quotes and charting capabilities as well as access to live news streams.

Features

Types of Accounts TD Ameritrade Offers

TD Ameritrade offers a variety of accounts to suit your trading needs. These include:

• Traditional IRAs: TD Ameritrade offers Traditional IRAs with no minimum deposit requirements.
• Roth IRAs: TD Ameritrade also offers Roth IRAs with no minimum balance required to open the account and start trading.
• SEP IRAs: SEP IRA accounts are available for self-employed individuals who want to benefit from tax-deferred retirement savings plans.
• Joint Accounts: Joint accounts allow you to jointly own and manage finances with a spouse, partner, or other family member.
• Custodial Accounts: Custodial accounts are designed for minors and offer an easy way to save money on their behalf without having to involve them directly in the trading process.
  

Fees Associated with Trading on TD Ameritrade

TD Ameritrade charges a base commission of $6.95 per stock or ETF trade, and investors also have access to over 250 commission-free ETFs. The broker also offers margin trading with competitive interest rates.

How to Navigate the Platform Interface?

TD Ameritrade’s platform is easy to navigate and understand. The homepage contains several tabs that provide access to different sections of the interface. These:

• Markets: This offers access to real-time quotes, charts, and news streams so you can stay on top of current market conditions.
• Watchlists: Here you can organize stocks, ETFs, and mutual funds into watchlists to monitor their performance over time.
• Research & Ideas: Under this tab, you can find research reports, analyst ratings, and trading ideas from TD Ameritrade’s team of experts.
• Strategies: This section provides tools such as Option Chain to help you analyze potential trades before placing an order.
• Trade: This tab provides access to the trade execution window where you can enter orders for stocks, ETFs, mutual funds, options, and other securities.
• Education: Here you will find educational content such as webinars, seminars, and tutorials.
• Account Management: The Account Management tab allows you to review your account information such as balances, positions, and activity history.
  

Additional Services and Tools Available through TD Ameritrade

In addition to the core services of stock, ETF, and mutual fund trading, TD Ameritrade offers additional tools such as level II quotes, advanced charting capabilities, and margin accounts. The broker also provides access to a wide range of research resources including analyst ratings, market commentary, and trading ideas. Finally, TD Ameritrade has an impressive suite of mobile apps that allow you to trade on the go.

Review Summary

Conclusion

TD Ameritrade is one of the largest online brokers in the US, offering a comprehensive range of stocks, ETFs, mutual funds, options, and forex. They provide users with a user-friendly platform and many advanced features such as charting capabilities and mobile apps. Additionally, TD Ameritrade offers educational resources to help traders learn more about investing quickly. With competitive fees and a variety of account types available, it's easy to see why TD Ameritrade is one of the most popular brokers in the US. Overall, TD Ameritrade is an excellent option for traders who are looking to explore different markets and benefit from advanced features. With no minimum deposit requirements and competitive fees, it's easy to get started trading with this broker.