TD Ameritrade is an online U.S. broker that offers trading services in a wide variety of financial assets, such as stocks, futures, mutual funds, options, ETFs, fixed income investments, cryptocurrency, certificates of deposits (CDs), bonds, and more. The brokerage firm was founded in 1975, and they provide their clients with flexible trading platforms, helpful trading tools, market research, educational resources, and prompt customer support services. Additionally, the broker can also provide their clients with margin lending and additional cash management services. However, they do not offer CFDs and do not provide the MetaTrader platforms.
TD Ameritrade Review Introduction
In this TD Ameritrade review, we will take a look at some of the most important factors worth considering when choosing a broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
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TD Ameritrade Platforms & Tools
TD Ameritrade provides their clients with a selection of flexible, intuitive, and user-friendly trading platforms, and they are available via web, desktop, and mobile applications. The platforms come with an array of built-in tools and features, such as real-time quotes, live economic news, social signals, and market sentiment. TD Ameritrade Web Platform runs directly on most modern web browsers, while TD Ameritrade Mobile Trading can be installed in Android and iOS compatible devices. The Thinkorswim Trading Platform is a desktop application that can be installed in Windows or Mac computers.
TD Ameritrade Research & Education
The broker provides a variety of educational resources, including trading courses, articles, tutorial videos, and webinars, to help their clients improve their trading skills and investment knowledge. They have over 200 instructional videos, tutorials, and investing publications. The broker has a fully immersive trading course taught by highly experienced teachers, covering a variety of investing and trading topics that can help you become a more informed investor.
In addition to the educational resources, there are up-to-date market research and insights delivered by independent third-party providers, such as Morningstar, CFRA (previously known as S&P Capital IQ), and TheStreet.
TD Ameritrade Trading Accounts
TD Ameritrade offers the following account types:
- Standard Account: Available as individual or joint accounts and has access to a range of investment products, platforms, and research tools
- Retirement Accounts: Traditional IRA, Roth IRA, or Rollover IRA account for planning retirement
- Education Accounts: Flexible saving for all levels of education
- Specialty Accounts: Individual trusts, business partnerships, sole proprietorships and more
- Managed Portfolios: There are different professionally managed portfolios to choose from
- Margin Trading: With this account, you can borrow up to 50% of your investing capital
TD Ameritrade Account Funding
The broker accepts a limited choice of methods for account funding and withdrawals, and they include wire transfer, check, electronic bank deposit (ACH), external securities transfer, and physical stock certificates. However, they do not accept credit/debit cards and online payment processors like Skrill and Neteller.
TD Ameritrade Customer Service
TD Ameritrade has a professional customer support team that is available during trading hours to assist with general and technical questions. You can reach them via online chat, phone, and email.
TD Ameritrade Regulation
Although TD Ameritrade is a US-based company, the broker also has operations in other jurisdictions, such as Hong Kong, and they are regulated in those jurisdictions as well. In the US, the broker is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). The Securities & Futures Commission (SFC) in Hong Kong regulates the broker’s operations in the country.
TD Ameritrade Review Summary
TD Ameritrade is a U.S. broker that offers online trading in a variety of investment products. They provide their clients with intuitive trading platforms, useful trading tools, and an abundance of educational materials.
It is worth mentioning that some of the trading products and services in this TD Ameritrade review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the TD Ameritrade broker website which you can visit by using the link below.
Trading complex instruments can come with a high risk. You should consider whether you understand how investments and trading work and whether you can afford to take the high risk of losing all of your money.