Our take on TD Ameritrade
TD Ameritrade is one of the biggest stockbrokers in the US. If you’re looking for a wide range of asset classes and commission-free stock trading, TD Ameritrade is an excellent choice. Its trading platform - thinkorswim - is exceptional, account opening is user-friendly, and no minimum deposit is required. Be aware, though, that TD Ameritrade is only available in a few countries outside the US, and you can only trade on US markets.
Pros | Cons |
---|---|
• Low trading fees (free stock and ETF trading)
|
• You can trade only on US markets
|
• Superb desktop trading platform
|
• Accounts mostly limited to US residents
|
• Great customer support
|
• No credit/debit cards and electronic wallets for money transfer
|
TD Ameritrade main highlights
🗺️ Country of regulation | USA, Hong Kong, Singapore |
💰 Trading fees class | Low |
💰 Inactivity fee charged | No |
💰 Withdrawal fee amount | $0 |
💰 Minimum deposit | $0 |
🕖 Time to open an account | 1-3 days |
🎮 Demo account provided | Yes |
🛍️ Products offered | Stock, ETF, Forex, Fund, Bond, Options, Futures, Crypto |
TD Ameritrade summary
- Low trading fees
- Low non-trading fees
- Free stocks and ETFs
- High fund fees
TD Ameritrade review
Fees
TD Ameritrade review
Account opening
TD Ameritrade review
Deposit and withdrawal
TD Ameritrade review
Web trading platform
TD Ameritrade review
Mobile trading platform
TD Ameritrade review
Desktop trading platform
TD Ameritrade review
Markets and products
TD Ameritrade review
Research
TD Ameritrade review
Customer service
TD Ameritrade review
Education
TD Ameritrade review
Safety
TD Ameritrade review
Bottom line
TD is one of the biggest US online brokers and it charges no commission on stock and ETF trades.
Research and education are outstanding, the thinkorswim desktop platform is one of the best on the market, and customer service is great.
There are a few drawbacks, most notably high margin rates, and the fact that credit/debit cards and electronic wallets are not accepted for money transfers. Furthermore, the product portfolio covers only US markets.
We definitely recommend giving TD a try, especially as their education tools include a demo account.
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