TD Ameritrade Visit Site

Pros / This company’s thinkorswim platform has over 300 different technical indicators, more than any other broker we reviewed.

Cons / TD Ameritrade’s costs are much higher than other companies we reviewed.

 Verdict / TD Ameritrade has higher commissions and fees, but its thinkorswim platform lets you analyze, monitor and trade with ease.

TopTenREVIEWS - Excellence Award - Awarded for excellence in design, usability and feature set

TD Ameritrade has more than 40 years of experience and is a well-known name among online stockbrokers. Its powerful thinkorswim platform allows you to easily monitor potential risk and rewards, analyze stocks and test strategies. Unfortunately, the fees and commission prices are much higher than similar platforms. But despite the high fees, the tools available within this platform make it worth considering.

The thinkorswim platform lets you easily trade stocks, options, ETFs, futures and forex. When using this software, you have access to more than 400,000 economic data points and dozens of charts. This platform is fully customizable, allowing you to set your preferences and utilize the software to best fit your needs. Furthermore, you can create custom alerts and access to live news feeds.

In addition, you can easily manage your investments and trades using one of TD Ameritrade’s mobile apps. TD Ameritrade Mobile Trader is the mobile app needed to easily trade all investment types. The TD Ameritrade mobile app, is more of an information storehouse where you can analyze trends, read market-related news, monitor your account activity and access charts and other data. These mobile apps are available for Android, Windows and Apple iPhone, iPad and Watch.

The margin rates for this service are much higher than most platforms we reviewed. These rates start as high as 9.5% for balances under $10,000 and they drop to 6.75% for balances more than 1 million dollars. Keep in mind these rates are subject to change at any time.

Unfortunately, TD Ameritrade has the highest fees and commissions of any day trading platform we reviewed. Trading stock online is $6.95 per trade, and any broker assistance or trading via the telephone includes additional fees, which is typical of this type of platform. With this service, you do not need to meet a minimum required deposit to invest, which is a large benefit.

When trading options, you must pay $6.95, plus an additional $0.75 fee per contract. Options exercises and assignments are $19.99, and like trading stocks, there are additional fees for trading options over the phone or with broker assistance.

TD Ameritrade’s educational resources are among the best available. This company offers simulated trading programs that allow you to conduct virtual trades without using real money. Furthermore, there is an entire education center that provides teaching courses, webcasts, informative videos and articles to help you succeed.

  • Online Stock Trades
  • 10 Options Trades
  • Broker-Assisted Stocks Trades
  1. The lowest cost for a stock trade.
    Less is Better.
  2. 4  TD Ameritrade
    $6.95
  3. $4.95
  4. $4.95
  5. $4.95
  6. Category Average
    $5.36

Summary

TD Ameritrade offers a large selection of investment options, even though its fees are high. The thinkorswim day trading platform is one of the best available to day traders who want a simple yet customizable solution. Its full feature set is ideal for traders of all skill levels and its mobile app makes it easy to manage and trade no matter where you are.

TD Ameritrade Visit Site