TD Ameritrade: Finding the Right Online Stock Broker for You
People are always looking for an honest and long lasting company that does great business, especially when dealing with the stock market. TD Ameritrade is one of these options for people that want to take investing into their own hands. Are you looking for a stock, an IPO, IRA or mutual fund that you want to get into? Do you want a place that will give you honest reviews of these options and whether they are performing or not? Then TD Ameritrade can help you with all of these decisions making them one of the best stock accounts to open.
TD Ameritrade Review: Overview
Most people have heard of the name TD Ameritrade. They have multi-level promotional items with commercials and other online advertisements for their company. This makes TD Ameritrade one of the better-known stock brokers in the business. They also have a long track record of 35 years, so they must be doing something right with their clients.
TD Ameritrade has a very easy registration process that has been beautifully designed to not confuse the trader just beginning or an experienced one. When the registration process is finished you are able to immediately log in and connect your bank accounts to transfer money. You don’t have to wait the few days for account verification like some other accounts when they have to do micro-deposits.
They are a little pricey in their price per trade at $9.99 and $49 to purchase and sell mutual funds. They do make up for it in their website’s easy to use format and the online stock community to help any style of investor answer questions or just to talk about what stocks or IPO’s are hot/cold.
TD Ameritrade does do some things to help their clients with fees. They do not have a surcharge on any large orders, extended hours trading or the risky penny stocks. They also don’t have any fees to set up your IRA accounts or annual fees either, which makes them an excellent choice for starting an IRA account. Another bonus is that they do not have any inactivity or maintenance charges on the accounts as well. Below are some highlighted points that make TD Ameritrade one of the best stock accounts to open.
TD Ameritrade Review: Sign up Offers
This is usually a part that people see a lot of value. What will they give me for getting my business? TD Ameritrade usually has a very good offer that they will give forts time registrants. Currently they are offering the ability to trade for free for the fist 60-days and you can also get up to $600 free, depending on how much you initially deposit into your stock account.
TD Ameritrade Review: By the Numbers
- Minimum Deposit: $0 on cash accounts, $2,000 for margin account
- Stock/ETF Trades: $9.99
- Broker Assisted: $49.99
- No-load mutual funds: $49.99
- Treasuries at Auction: $25 flat fee
- Options: $9.99 plus $0.75 per contract
- Bonds, CMOs and CDs: Net Yield Basis
- Smart Phone App Available
TD Ameritrade Review: Summary
There are a lot of other choices on the Internet for you to choose as an online broker, but TD Ameritrade has proven to be a favorite by many people trading their own stocks. With the strong community to help you and the enormous amount of research platforms that they have offer, you can put your mind at ease that you will be well informed to make a great financial decision.