TD Ameritrade Review

TD Ameritrade is one the best platform available for the beginners and professionals alike for the trades of stock. TD Ameritrade is the finest and well-known stock trading platform that provides a safe and secure platform for all traders.
November 11, 2019

TD Ameritrade: Fees, Stock, Commissions

The trading tools, customer service and detailed research that it offers has no comparison with any other brokerage platform in the market. People who are finding something unique in this would be glad to know that TD Ameritrade has also launched their app that is available on all IOS and Android devices.

Moreover, by having no minimum policy, the company gives new investors a bonus and made it more convenient for them to enter into the stock market. No minimum policy means that you don't require any minimum amount in your deposit account to start trading.


Charging a relatively higher fee is one of the disadvantages TD Ameritrade faces. But, when we compare the TD Ameritrade fee structure of the platform with others, we discover that the company has fully justified the higher charges with their outstanding and remarkable services.

Saying that at TD Ameritrade you pay for what you get won't be wrong. The fee for regular stock trading is $6.95 and for option trades fee is $6.95+$0.75 per contract. Furthermore, the company offers investment in mutual funds and commission-free ETFs on a discount basis.

However, the investors must know that TD Ameritrade charges a short-term trading fee from those that keep on purchasing and selling ETFs frequently again and again. The company not just cater to active investors, but also entertain the hand-off funds investors or speculators that wait for the best time to hold a firm grip over the stock market.


The well-designed software of TD Ameritrade is designed carefully, focusing on the priority to keep the financial assets and personal information of the customers secure. Additionally, if you have become a victim of Identity theft or have received any kind of threat from phishing emails, you can send the mail on After which the company will take actions regarding the issue, reporting that account and keeping yours safe.

Also, according to the latest policy, the company would reimburse you for the lost amount if they'll find any unauthorized access in the client's account. This is the main reason that helps in providing a safe trading environment to this online platform.

The user is the only person that knows the user ID and the password of the account. The account is secured with encrypted layer program that keeps the system safe from threats, like keylogging and sending the user the bogus webpages as a trap.

Education :

It is recommendable for the beginners to educate themselves before starting trading on the TD Ameritrade. They should watch available videos and educational sessions online to make themselves aware of the pros and cons of the stock trading online and to know the strategies for successful trading of stocks. If these are not enough, then they should go through the TD Ameritrade's own published blog and magazines, called TickerTape and thinkMoney.

Furthermore, to help you with the thinkorswim platform, the range of training tools are available. For those who doesn't know that what is thinkorswim platform, it is an investment platform by TD Ameritrade company.

This platform provides financial literacy services for new or self-directed investors in the market. The platform offers a wide variety of educational products that can be used by beginners to start investing, while minimising the risk. This platform offers one to one online courses, telephone, live chats and email support services to its customers.

It includes a customizable dock, which provides information to easily spot the upcoming market opportunities and implementing the stock trading strategies accordingly.

Paper money account or Paper trading is another important tool highly preferable for learning and practising the stock trading without investing and losing your real money. This is basically a stock market simulator that gives you a specific amount of fake money, so you can test and learn new tactics.

Research :

The research tools include screeners, market commentary and TV networks. Screener tool applies on any type of investment you want to do. Investors and traders use this tool to filter stocks and other investments based on user-defined metrics. Moreover, they allow traders to select specific trading instruments that are according to a set of criteria. These also help investors in identifying the lower and upper gap in the market

Market commentary is another tool used by traders for in stock market research. This market commentary is written in the official blogs and magazines of TD Ameritrade. This commentary includes the day to day market trends and recent changes, which can be used as a strategy to understand the market position before investing.

TV networks are the most common ways of research. The TD Ameritrade financial network conduct live streams on television. It provides all necessary information related to stock and other forms of investment. It streams broadcasts live every day from 8:00 ET to 5:00 ET. It also includes market analysis and provide education to the traders.

Customer Support :

TD Ameritrade provides 24/7 customer support service through their chain of branches across the united states, and you can also communicate them through the online website or app. You can seek help from customer care representative whenever and wherever you want.

Finally, it also offers customer support through the facebook messenger. They even allow you to trade stock by sending a message to their facebook messenger chatbox.
Pros and Cons of TD Ameritrade
Pros of TD Ameritrade:

  • No additional charges to use software for online trading
  • Easy to view virtual trading platform
  • Novice-friendly streaming graphs
  • Intuitive mobile apps
  • No minimum account balances
  • Education of high quality, including webinars
  • Free help from the broker
  • Free subscription to the newsletter of optionsXpress for 13 months

Cons of TD Ameritrade:

  • Fee timetable can get very cumbersome
  • Higher stock price and trade in the ETF
  • Minimum required for greater contract alternatives
  • Only futures traders can get customer support 24 hours a day

Final Thoughts:

TD Ameritrade is the best option for all the investors, as it provides you a secure platform with great tools that minimise the risk of investing. The option of paper trading is another opportunity that this brokerage account provides to its users, so that they can learn about stocks trading without risking their real finance.
However, if you are a beginner and wants to invest small chunks off savings into the market, then IQ Option is a better platform, which is not just convenient, but an easy-to-use platform.

While, if you are a professional, then it is recommendable for you to use FX Pro.

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E-trade is a full-service online broker that was founded in 1982 and since then has grown into one of the most successful online brokers, one that you will be happy to trade with.

The company offers the most affordable pricing structure with the mutual funds transaction fee, which is the lowest of its kind. This is one of the main reasons that make the company competitive in the global market.

Interactive Brokers (IB) is one of the best platforms when it comes to trading options and other things. The platform is fully packed with tools that are sophisticated and makes the lives of the investors easier comparing to other platforms.

Firstrade is now providing free trade for both stocks and alternatives, as of 23.08.18, comparable to firms such as Robinhood and TradeZero.

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