TDAmeritrade.com - Online Stock Trading, Online Investing, Mutual Funds, IRA, Trading Services
TDAmeritrade online broker services include online stock trading, online investing and retirement planning to help you pursue your investment goals.
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TDAmeritrade Brokerage Review
| Equity Trades: | $9.99 |
| Mutual Funds: | $49.99 |
| Options Base Fee: | $9.99 |
| Options Per Contract: | $0.75 |
| Broker Assisted Trades: | $44.99 |
| Minimum Deposit: | $2000.00 |
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The registration process for opening a new account is very simple and it is designed to dispense with the formalities rapidly because time is precious. There is no verification for micro-deposits required, the users can link to their bank accounts and provide funds for their brokerage account straightaway. After this process is completed, they can login, explore Ameritrade's website and immediately commence trading. TD Ameritrade now makes a great value proposition for long-term investors.
Fees & Commissions
For market trades, options trades or limit trades, there is a flat charge of $9.99 and for options contract an additional $0.75 is required. These charges are quite marginal but for broker-assisted trades, one would need to shell out $44.99. In addition to the $34.99 for using the interactive voice response telephone services one is also required to pay a minimum investment amount of $2000 which is absolutely mandatory.
Investments Offered
The investment products offered by TDAmeritrade are quite a big spread: options, ETFs, stocks, mutual funds, bonds, etc. In fact Ameritrade excels in offering investments and is reputed as one of the best in terms of investments offered. Apart from the basic investments, one can also invest in a lot of fixed income investments like Agency Issues, US Treasury, bonds, GNMAs, CDs (Certificate of Deposits), UTIs (Unit investment trusts), etc. Even OTCBB or Over the Counter Bulletin Board is available at Ameritrade and so are pink sheet securities. There are 529 plans for higher education on the offer as well.
Trading Technology
One of the most prominent and most important organizers of Ameritrade trading tools is the command center screen because it collects all the important information and keeps it in one place for your convenience. Not only this, you can also do other tasks like browsing the web when monitoring the stocks which you are dealing with. It is very easy to use Ameritrade's services because everything can be found under the well-labeled tabs that are located at the top of the page. All it takes is a few clicks!
TDAmeritrade has an extensive and very well organized control panel that can be customized in order to fit your preference. You can spot profitable market opportunities and implement your trading strategies with the help of the innovative tools and information offered. One is also provided with seminars and articles to help acquire better understanding about the dealings. Not only this, but it is also possible to access level II quotes and a higher level of information by paying for it. You can even use your iPhone and Blackberry phones to manage your trading.
TDAmeritrade has launched a new application recently that bridges the gap between the Website and the powerful downloadable thinkorswim package, called TradeArchitect. TradeArchitect is designed to offer tools from both platforms, with a mix of fundamental analysis from the Website and technical tools from thinkorswim.
Customer Service
There are more than two hundred TDAmeritrade offices worldwide and you can locate these from the website by typing in your zip code in order to locate the nearest office. Not only this, there are also online documents and FAQs that can be read in order to absorb more knowledge about online stock trading. If you require further assistance, you can also contact the customer service or customer support using your phone, email or even an instant chat.
Current Offer
Open a new account with $2,000 or more and trade free for up to 500 equity trades in 60 days. Plus, get up to $600 cash added to your account. More info...
Advantages/Customers like
- Wide variety of offerings that are continuously improving, leader in product innovation.
- Access to huge pool of research, also large range of third-party research is available.
- Great screeners that help you select appropriate stocks, ETFs, mutual funds, and options strategy.
- Flexible and informative portfolio analysis tool.
- Integrated thinkorswim trading platform, allowing trading futures and Forex from single account.
- Access to over 100 commission-free ETFs, best in industry.
- No additional fees for trading penny stocks, after-hours or large orders.
- No inactivity or maintenance fees.
- Free IRA accounts.
- Recognized brand name with many branches.
Disadvantages/Customers don't like
- Above average commissions and fees, however they can be negotiated for active traders.
- Sometimes you can experience poor order executions.
- Website can be sometimes slow on high volume days.
Written by: Goran Dolenc
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