TD Ameritrade review 2019

Is TD Ameritrade a good broker?

TD Ameritrade offers large investment selection to beginner and advanced traders, plus you get free research. But you have to pay a higher trading commission than competitor brokers.

Fee

Account minimum

Promotion

$6.95
$0
60 days commission-free trading when you deposit $3,000 or more

You can deposit as little as $100 and get extensive research and data, portfolio-building assistance and an impressive selection of trading instruments. When support is concerned, you can visit more than 350 branches in-person or you can call the TD Ameritrade 24/7 customer support service.

But if you're a day trader, you may not like the $6.95 trade fee on stocks.

What kind of trading platforms does TD Ameritrade offer?

Thinkorswim desktop platform is top-notch and quite popular among traders. You get advanced tools, such as heat maps, event calendars, backtesting and more. In addition, you have access to a web platform and mobile trading platform.

Standout features

  • No account minimum. There's no account minimum, meaning you can deposit $100 and get access to all of the TD Ameritrade features.
  • Promotion. Get 60 days of commission-free trading once you deposit $3,000 or more. On top of that, you can get $100 for deposits of $25,000 or more, $300 for deposits of $100,000 and more and $600 for deposits $250,000 or more.
  • Education and research. Enjoy videos, articles, slideshows and quizzes plus online seminars and presentations without paying extra.
  • Vast investment choices. Get a full range of investments, including futures, forex, stocks and even bitcoin futures trading for select clients. Also, you can choose from more than 300 ETFs and more than 4,000 mutual funds.

Watch out

  • High commission. Stock trading and options base fee cost $6.95 per trade, options per contract fee cost $0.75, a broker-assisted trading fee is $44.99.
  • ETF and mutual fund short-term trading fee. If you sell any of the commission-free ETFs offered by TD Ameritrade in less than 30 days, you'll pay a $13.90 short-term trading fee. Same goes for mutual funds traded in less than 90 days, except the fee is higher at $49.99.

What can I trade with TD Ameritrade?

  • Stocks
  • Options
  • ETFs
  • Mutual funds
  • Futures
  • Forex
  • Managed portfolios
  • Bonds and CDs

How do I signup with TD Ameritrade?

  1. Go to TD Ameritrade website and click Open new account.
  2. Fill out the application form.
  3. Review your information and submit.

Bottom line

TD Ameritrade can be a great choice for beginners and advanced traders. It comes with impressive research and education library, an impressive selection of trading choices and you can trade on the go with their mobile app. But if you trade multiple times a day, you want to look elsewhere as the commission are quite steep.