PROS / You get more technical indicators with TD Ameritrade than with any other service we reviewed.
CONS / The broker-assisted trade order fee is quite high.
VERDICT / TD Ameritrade’s excellent tools to help with technical stock analysis make it worth the added cost.
TD Ameritrade offers stock analysis software with tools on three different platforms: desktop software, online and mobile. All three platforms contain stock analysis tools like real-time charts, automated trades, watchlists and customizable research that make trading faster and more streamlined.
Through TD Ameritrade, you can make smart investments with stocks, options, mutual funds, exchange-traded funds and more. You can also trade on foreign stock exchanges if you want more companies to choose from. The fees TD Ameritrade charges are higher than most of its competitors we reviewed, but its well-designed platform and analytic charts make it worthwhile for advanced traders. This stock market analysis software earns our Top Ten Reviews Bronze Award.
Platform & Tools
The thinkorswim platform that TD Ameritrade offers in its free stock market technical analysis software is packed with plenty of tools to make your research on a stock thorough. It's not only easy to use this platform, it's also set up smartly with premade watchlists, from which you can make trades. Alternatively, you can perform a quick search to find securities and add them to your own watchlist or buy them.
This free stock market analysis software has many features and tools to help you target smart trades and good investment opportunities. Real-time Level I and Level II quotes are free to access along with watchlists, charts, graphs and more. Seeing prices and quotes in real time helps you make quicker, more informed investment choices.
You can customize your TD Ameritrade platform, which gives you quick access to the tools you use most and vital information that may require you to act quickly. The charting tool includes more than 300 technical indicators to help you figure out your trading strategies. Plus, you can download the mobile app for iOS or Android devices and perform many of the same actions from the app as you can from the desktop and online platform.
Fees & Commissions
TD Ameritrade doesn't require an annual account fee, so you only pay fees when you make trades. Fees can get confusing, however, so before you make any trades, check out the fee page so you can see exactly what you'll be paying for each transaction. For each online stock trade, you pay a $6.95 fee, and for each broker-assisted deal, you pay a $44.99 fee. These prices are a bit higher than many of the other comparable stock technical analysis services. The good news is that there is no minimum required for you to open an account, though.
Education & Resources
If you need some investment ideas, TD Ameritrade offers an education page, an idea generator and the myTrade Community page, which all have helpful advice. You can also join four different weekly webinars to learn about the stock market and strategies. TD Ameritrade also gives you access to its archives of the webinars and other educational materials.
The video tutorials to help you learn how to use the thinkorswim platform are helpful – you get step-by-step instructions on how to use the various tools in the free stock market technical analysis software. You can also contact a TD Ameritrade broker if you have any questions about the platform or investing.
If you want to stay on top of the market, you can check back frequently on your phone or tablet from the TD Ameritrade mobile app. TD Ameritrade also offers helpful and customizable tools for stock reviews, like watchlists, charts and criteria-based research. Its hundreds of available charts, the thinkorswim platform and numerous helpful tools especially contributed to making this one of the best stock analysis software programs out there.