TD Ameritrade Visit Site

Pros / TD Ameritrade has no minimum investment requirement.

Cons / The cost for trading, especially options trading, is higher than the industry average.

 Verdict / Though this service has higher fees than other stock charting software platforms, its comprehensive set of tools is worth a look, especially for advanced traders.

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

This household name in stock trading software offers a powerful toolkit for traders of all experience levels. Though TD Ameritrade’s prices are not as low as our top stock software, its selection of charting tools and excellent app earn this software our Top Ten Reviews Bronze Award.

  • Stock Trades
  • 10 Option Contracts
  • Broker-Assisted Stock Trades
  1. The lowest cost for a stock trade.
    Lower is Better.
  2. 3  TD Ameritrade
    $6.95
  3. $4.95
  4. $4.95
  5. Category Average
    $5.56

Platform & Tools

TD Ameritrade’s thinkorswim platform is one of the most expensive on our lineup, however it is very well organized from the get-go and includes a customizable dock. The easy-to-use dashboard makes getting started with the software an easy process. You can quickly find securities to purchase or add to your watch lists, without having to seek help and support. You can also make trades directly from your watch list.

If you aren’t sure which stocks you want to invest in, the search tool will help you find companies to invest in by letting you search by industry. If you find companies that you are interested in, you can set alerts with price ranges so the platform can make automated trades.

The customizable dock is always visible from your online dashboard. It lets you arrange the information that is most important to your trading strategies so that you can always see what is most important to you.

In our hands-on tests, we found TD Ameritrade’s mobile app for iPhone, iPad and Android devices to be one of the best. It offers many of the tools that are found in the full-scale dashboard, so you track stock prices and make trades no matter where you are.

This stock trading software provides a generous selection of stock charting tools, including over 300 technical indicators. These technical indicators are especially useful for fine-tuning a trade strategy.

Fees & Commissions

TD Ameritrade’s stock software lets you access the most common investments, including stocks, options, bonds, mutual funds and CDs. The fees for trades are $6.95 for stocks, $6.95 for options plus an additional $0.75 per contract, and $44.99 for a broker-assisted trade. While fees for stocks and options trading are just above the industry average of $6.60, the broker-assisted fee is well above average and is nearly the most expensive rate on the lineup.

Though the fees for trading with this platform are higher than average, the company does not require a minimum investment amount. So, you can begin trading even if you do not have a large sum to begin with.

Education & Resources

This stock charting software offers a wide selection of educational resources for you to use. It offers online seminars, which will help you learn basic trading strategies. You can also access the archive to view past webinars. If you want to learn more about developing your portfolio, TD Ameritrade runs a portfolio management course that is accessible to all skill levels, whether you are a beginner or an advanced trader.

TD Ameritrade also offers a paper, or virtual, money account. This account lets you practice trading using fake money so that you can test strategies without risking your hard-earned dollars.

Summary

TD Ameritrade offers one of the best stock software platforms on the market. The platform is easy to use and has a customizable interface. You can also access numerous trading tools and analyzers. The real drawback to this stock charting software is its high fees for trades, especially the broker-assisted trade. If you do not trade frequently enough for the cost of trades to be a high concern, then this platform is worthy of consideration.

TD Ameritrade Visit Site