Td Ameritrade Reviews

TD Ameritrade is a full-service brokerage firm that provides a wide range of investment services and technology-based financial services to retail investors, traders, and independent registered investment advisors (RIAs). The firm offers commission-free trading on stocks, ETFs, and options, making it cost-effective for investors. The thinkorswim platform is highly regarded for its advanced trading tools and research capabilities, catering to both novice and experienced traders. Educational resources such as interactive courses and webcasts help investors improve their trading skills. The platform supports a wide variety of investment options, including stocks, bonds, mutual funds, ETFs, options, IPOs, futures, forex, margin, and crypto trading. Customer support is known for being responsive and helpful, ensuring a smooth trading experience. No account minimums make it accessible for all types of investors. Managed Portfolios offer a hands-off investment approach for those who prefer professional management. TD Ameritrade has been acquired by Charles Schwab, and all accounts have been moved to Schwab's platform.

Pros of TD Ameritrade:

• Commission-Free Trades: Offers commission-free trading of stocks, ETFs, and options.
• High-Quality Trading Platforms: Provides two main platforms, TDAmeritrade.com and thinkorswim, each with robust features for different levels of investors.
• Excellent Market Research: Offers a wealth of third-party research and reliable in-house content.
• Educational Resources: Provides top-notch educational content for all levels of investors, including webinars and customizable learning resources.
• Diversified Investment Choices: Offers a wide range of investments, including stocks, bonds, CDs, options, futures, forex, and commission-free ETFs.
• Award-Winning Customer Support: Provides professional assistance with experienced associates and a dedicated support team.
• No Account Minimums: Allows investors to open an account with no minimum investment requirement.

Cons of TD Ameritrade:

• No Fractional Shares: Does not offer fractional share trading, which may limit investors with limited capital.
• No Crypto Trading: Does not allow direct access to cryptocurrencies, although exchange-traded cryptocurrency trusts and bitcoin futures are available to some users.
• Penny Stock Commissions: Charges a $6.95 flat-rate fee for trading penny stocks.
• Occasional Outages: May experience occasional outages due to heavy trading volume.
• Expensive Margin Rates: Has high margin interest rates for accounts with balances under $25,000, making derivatives trading less cost-effective for some investors.