If you want a comprehensive discount stock broker solution then TD Ameritrade is the perfect choice. TD Ameritrade will be there for you when you want to buy or sell stocks, futures, and commodities. One unique feature of the TD Ameritrade platform is that it has a $0 minimum balance requirement. In other words, it’s free.
TD Ameritrade Commission and Fees
Ameritrade offers clients 24/7 customer support, ample research, advanced trading platforms, and more. The downside to this is the cost. TD Ameritrade charges clients rates of $6.95 per trade, with alternatives that cost $6.95 plus $0.75 per contract.
TD Ameritrade has made a name for itself in the world of full-service brokers, but it can be more expensive than other options such as Charles Schwab, Fidelity, and Scottrade. A recent review of TD Ameritrade showed that it was the most valuable when taking margin costs into account though.
Benefits of TD Ameritrade
- $0 Account Minimum
TD Ameritrade comes with a $0 account minimum for taxable brokerage accounts and IRAs, allowing anyone to begin investing no matter their current financial situation. This is far lower than the minimum requirements of other brokers which can be between $500 and $2,500. Clients that are willing to trade on margins or trade options are expected to maintain a minimum account balance of $2,000 according to industry regulations.
- Curated Investment Selection
TD Ameritrade is great when it comes to choosing an investment. The service has a range of investment products including over 100 commission-free ETFs and over 4,000 no-transaction-fee mutual funds. Ameritrade also offers futures and forex.
- Free Research
TD Ameritrade streams CBNC News, market heat maps, Market Edge and Credit Suisse, S&P Capital IQ analysis, and other real-time streaming quotes for free to clients on any of their trading platforms.
TD Ameritrade has covered all of their bases and are good at keeping them covered. TD Ameritrade provides investors with a thorough education in investing, trading tools, a wide selection of commission-free ETFs, advice on building their portfolio, high-quality research, and no-transaction-fee mutual funds.
TD Ameritrade didn’t become the successful organisation they are today through chance. They understand and comprehend what their clients need and understand how important it is to provide the best user experience possible. They also know what it takes to stay ahead of the competition.
If you’re new to investing then TD Ameritrade is a great place to start. The main issue that brokers suffer from is cost, but you get what you pay for with a service like TD Ameritrade. The quality of service you get with Ameritrade easily justifies the money you pay.