TD Ameritrade review - a brokerage firm for any investor

TD Ameritrade Official Website
  • Stocks & ETFs: $6.95; 100+ commission-free ETFs
  • Options: $6.95 + $0.75 per contract
  • Mutual funds: No-transaction-fee (NTF) - free; $49.99
  • No minimum deposit to open an account

TD Ameritrade is a well-known investment company with over 40 years of experience in business. Apart from the safety and stability of the company, its exceptional investment services, great pricing and one of the best in the industry trading tools have attracted over seven million clients with more than $750 billion in assets.

 

TD Ameritrade review: pricing and account types

Although pricing is slightly higher compared to some other brokers (Ally Invest is a great example), you will never have any concerns about hidden fees with TD Ameritrade.

When you open an account with TD Ameritrade, you have a wide array of investment options - stocks, options, mutual funds, ETFs, bonds, futures and even forex. There are not as many brokerage firms with such an extensive set of investment choices.

Individual Joint Traditional IRA
Roth IRA Rollover IRA SEP IRA
Solo 401k Simple IRA Pension or Profit Plan
529 Plans Coverdell Education Savings Account Specialty Account Types

Opening an account is very easy. It will take less than 15 minutes to fill out an online application and does not require an initial investment. You can start investing small and fund a new account with as little as you desire (even only $50) to get started investing. If you choose not to fund the account just yet, you still have full access to all trading and educational tools and can research for free with no risk or obligations. However, if you choose to invest $3,000 or more, then take advantage of their current promotional offer.

 

TD Ameritrade free educational resources review

TD Ameritrade offers exceptional educational resources for investors of any experience. New investors will find it especially valuable as they can gain access to all the knowledge base absolutely free. All is needed is an opened account. The educational material is organized in sets of courses by investor's experience level and different assets classes. It is very easy to navigate from video to video or articles. There cannot be any confusion which videos have been watched or not watched yet and which articles have been read or not read. You will be automatically directed through the course. You will receive rewards for every accomplishment, which is a great move to keep you stay motivated and learn more. You will even get some extra rewards for learning on weekends! What a great game-like approach for education!

 

TD Ameritrade trading tools and platforms review

Once you are ready to test your knowledge and skills, you can practice investing in a risk-free manner via simulated trading, which is also offered for free by TD Ameritrade.

When you are ready to start trading with real money, you can choose any of the broker's four trading platforms - Web platform, professional level thinkorswim, Trade Architect and the mobile platform. Beginners will find investing via the simple and well-designed Web Platform very enjoyable.

Professional level platforms are offered for free to all customers with no restrictions, which not as many brokers offer to clients. With TD Ameritrade, you can choose to use any platform at any time. Trading platforms as well as the mobile platform are highly rated in the industry.

 

TD Ameritrade personal guidance at 100+ local branches

One-on-one assistance is hardly offered by a discount broker, yet it can be a crucial factor for some people who prefer more traditional personal approach and assistance at local offices. TD Ameritrade is one of the very few companies which provide personal guidance and assistance at over 100 branches across the country.

 

TD Ameritrade advantages and disadvantages

Straightforward pricing Slightly high commissions
Broad selection of no-transaction fee funds
Wide array of investment options
100+ commission-free ETFs
Powerful trading and research tools
No minimum to open an account
100+ local branches
No-fees IRAs
Simulated trading

Open and fund your IRA and get up to $600 cash. »  

TD Ameritrade review summary

If you think commissions are too high, then take into consideration a range of seriveces offered by TD Ameritrade. It is hard to find a discount brokerage firm with a full set of investment services and banking products as TD Ameritrade provides to its customers. To make it even sweeter, TD Ameritrade dropped its commissions from $9.99 to $6.95 per trade earlier this year.

With a wide selection of investment choices, TD Ameritrade is great for opening an IRA account. The broker offers a wide selection of fees-free retirement accounts.

TD Ameritrade is one of three brokers that received four and a half stars out of five in the most prestigious brokerage firms' ranking by Barron's this year.

Overall, TD Ameritrade is a great trusted company for investors of any experience. Anyone can open an account with no initial deposit and gain access to one of the best trading platforms among discount brokers, third-party research, a robust set of investment options and great customer support.

TD Ameritrade deserves consideration.

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