TD Ameritrade: An In-Depth Look at Features, Fees, and Trading Tools
TD Ameritrade is a leading online brokerage that has been serving investors since 1975. With a wide range of investment options, a user-friendly platform, and a range of powerful trading tools, TD Ameritrade is a popular choice for investors of all levels. In this article, we'll take an in-depth look at TD Ameritrade's features, fees, and trading tools.
Fees and Commissions
TD Ameritrade charges $0 for online equity and ETF trades, which makes it a good option for those who want to trade frequently. Options trades cost $0.65 per contract, which is slightly higher than some other brokers. TD Ameritrade does not charge an annual account fee or a fee for inactivity.
Investment Options
TD Ameritrade offers a wide range of investment options, including stocks, bonds, ETFs, mutual funds, options, futures, and forex. They also offer managed portfolios and retirement accounts. One unique feature of TD Ameritrade is their robo-advisory service, Essential Portfolios, which uses algorithms to build and manage a portfolio based on the investor's goals and risk tolerance.
Trading Tools and Features
TD Ameritrade offers a wide range of powerful trading tools and features. Their flagship platform, thinkorswim, is a sophisticated trading platform that is geared towards advanced traders. It offers a range of features, including customizable charting, real-time streaming data, and advanced technical analysis tools. TD Ameritrade also offers a more user-friendly platform called TD Ameritrade Mobile, which is available for iOS and Android.
Research and Education
TD Ameritrade offers a range of research and educational resources to help investors make informed decisions. They offer third-party research and analysis from companies such as Morningstar and S&P Global. They also have their own in-house research team, which produces a range of reports, articles, and webinars. TD Ameritrade offers a range of educational resources, including online courses, webinars, and in-person events.
Customer Service
TD Ameritrade offers a range of customer service options, including phone support, email support, and online chat. They also have a network of branches throughout the US, where investors can get in-person support and advice.
Conclusion
TD Ameritrade is a top online brokerage with a wide range of investment options, powerful trading tools, and robust research and education resources. With no account fees, no inactivity fees, and low commissions, TD Ameritrade is a good option for those who want to trade frequently. Whether you're a beginner or an experienced investor, TD Ameritrade has something to offer.