Pros
  • Commission-Free Trades
  • Easy-to-Use Interface
  • Research and Education
Cons
  • Complicated for Total Beginners

Company Information

TD Ameritrade is a well-known broker with long experience in the finance branch. TD Ameritrade is good at research and screeners. They also developed TD Ameritrade app. The app is highly rated by the users. It is available on iOS, Android, and Windows devices. Clients can get streaming data, invest in mutual funds, or trade stocks and complex options contracts with a smartphone or a tablet.

Markets

TD Ameritrade offers a laundry list of stock, option, and mutual fund screeners that you can use for free. The markets are the following:

● Stocks
● Options
● ETFs
● Mutual Funds
● Futures
● Forex
● Annuities
● Commissions
● Managed Portfolios
● Cash Management
● Bonds and CDs

Trading accounts

TD Ameritrade has the variety of account, as their main desire is to meet all the requirements of their customers. They offer you to choose between the following accounts:

  • Standard
  • can be individual or joint accounts and can be upgraded for options, futures, and forex trading as well.

  • Retirement
  • offer the Traditional IRA, Roth IRA, or Rollover IRA that will help you pursue your retirement goals.

  • Education
  • are offering flexibility when it comes to saving for education, at any level, customers choose from various state-qualified 529 Plans, tax-free Coverdell, or UGMA/UTMA accounts.

  • Specialty
  • make planning for the future from individual trusts and pension plans to business partnerships and sole proprietorships

  • Managed Portfolios
  • save your time and allow you to stay invested for the long term with professionally managed portfolios offered by TD Ameritrade Investment Management, LLC.

  • Margin Trading
  • allow you to borrow money from TD Ameritrade and potentially increase your securities buying power by as much as 50%.

Open an account

You can open an account within 10 minutes, as all you need to do is to provide the broker with basic personal information, confirm your email, choose an account type and make a first deposit. After providing all the necessary information, you are free to start trading.

Minimum deposit

The minimum deposit depends on the type of account you select, as well as what assets you choose for a trade. There is no limitation on the minimum or maximum deposit any trader is willing to make. You can deposit either $1or $1 million, TD Ameritrade can take them in. All you need to do is to open an account.

© TD Ameritrade website screen

Trading Platforms

TD Ameritrade offers different platforms for their clients to find the perfect one. Firstly, comes the Web Platform, which is their classic platform. The mobile-optimized web platform makes it easy to check your funds, research potential investments, and confidently place trades on your phone, tablet, or desktop. Secondly, comes thinkorswim Desktop, which gives you access to great trading tools and a platform backed by education, and a dedicated trade desk. Thirdly, thinkorswim Web is the latest addition to the thinkorswim trading suite. It requires no download, so it takes the essential tools from thinkorswim Desktop and makes them easy to access and even easier to learn. Finally, Mobile Trading allows you to trade anywhere you want with through two mobile apps compatible across all your smart devices. Select the app that helps you trade most conveniently. So you are to choose between the abovementioned platforms, which is more appealing for you.

Our verdict

We hope our TD Ameritrade review will help you determine if this is the right stock broker for you. That’s why we have selected the best benefits that TD Ameritrade offers, which we believe will come in use. Although, do remember that you decide, what is important for you, we are here to help. Moreover, TD Ameritrade may win over customers proffering face-to-face customer support, as they have many offices in most major metropolitan areas. The biggest perk of TD Ameritrade is the possibility to trade with $0 commission, which is very good for the customers. It suggests very competitive pricing you’d expect of an options trading broker and for mutual funds online. However, it doesn’t mean that they offer the cheapest services for all types of trades. For your information, TD Ameritrade still charges for automated phone trades ($5) and broker-assisted trades ($25). So, we are happy to recommend you this broker, but pay attention to all the pros and cons, before deciding.

TD Ameritrade Details

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Withdrawal Methods:
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4.5 rating
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4.5 (1 vote)
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Andreu Falomi Ginesta
Andreu Falomi Ginesta
May 21, 2020 4:47 pm

Reasonable deposit minimum, good spreads but quite poor customer support. It is slow. Why?

ANTONIO DELLOSA
ANTONIO DELLOSA
March 14, 2020 4:41 pm

I hopped that the withdrawal process would be much easier. But there were a lot of steps. I was tired of doing that.

Rafael Ibáñez
Rafael Ibáñez
February 13, 2020 10:46 am

Really bad customer service, even to open an account. I faced many difficulties to do it. A lot of documents are needed.

Inim Naldoni
Inim Naldoni
January 3, 2020 10:46 am

Ain’t nothing wrong with TD Ameritrade! You just have to have your only options to withdraw. It is not TD Ameritrade fault because they have to follow the rules. They are soooo worth a broker! Might be the best broker ever

Alicia González
Alicia González
November 27, 2019 2:54 pm

I know there are a lot of people that may have issue with this company but in the 2 years or so I have been a client my wife and I have never had a problem.
In fact since I teach trading and also build bots to trade with I prefer TD Ameritrade even over my countries brokerage firms.
Their multiple choices to use for accounts and quick chat rooms for answering questions. As well as the True ECN is the biggest reason I am with them.

I would recommend this company and have to many of my own clients at dex

Thomas Giese
Thomas Giese
November 5, 2019 2:11 pm

Good all round broker, lots of positives. Stilll use some over brokers but it’s good to have a mix

Emanuele Rossi
Emanuele Rossi
October 17, 2019 5:40 pm

After waiting two weeks on a debit card withdrawal that never went thought they returned my money as a debit card return. This put my money back in my account in only a few days. They went out of their way to fix this for me…

Derek Barber
Derek Barber
October 7, 2019 10:11 pm

I started trading in 2017, but I stepped away from it for almost a year, life happened. Being a new trader your all over the place so I had a couple of different brokers. I’m extremely big on Customer Service and TD Ameritrade have the best by far, I mean I’ve gotten into some heated verbal exchanges w/ other companies. Also TD Ameritrade did not touch my accts in over a year not like the has been with another company who took all the money out of my acct. Thanks. TD Ameritrade your Awesome to me.

Ivaylo Antov
Ivaylo Antov
September 3, 2019 10:40 am

Very poor service for last 4 days. I do not know what have happened… Do anything to improve it!!!!

Andrea Salomoni
Andrea Salomoni
August 1, 2019 11:55 am

Why you have to be 21 years old to start trading? It is ridiculous!! You should have it for at least 18 years old!

Alessandro Concetti
Alessandro Concetti
July 2, 2019 5:22 pm

it sucks that generally the people who scream SCAM never even tried either of them they just google the fact they’re not regulated. i don’t mean to be the one bringing the bad news but you’re not going to find a $10 minimum deposit and 1:1000 leverage with any regulated broker lol. chances are you’re using an offshore broker because you dont actually have the capital you need to open the size trades you want, so remember they’re actually doing you a favor. i’ve never had a problem with either broker, not a single one. i use bitcoin to load my account and to withdraw the funds. most unregulated brokers don’t like sending huge amounts of money via wire transfer for obvious reasons, so stick to bitcoin and enjoy a smooth trading process. 🙂