TD Ameritrade atones for relatively pricey commissions by delivering a huge selection of investment products, extensive research tools, comprehensive educational offerings and a well-designed, intuitive platform. The firm is based in Omaha, Nebraska. TD Ameritrade has been in business for more than four decades and has earned industry recognition for its trading platforms, investment offerings and trading tools. TD Ameritrade offers services aimed at self-directed investors and traders, as well as those who want guidance when it comes to making investment decisions.
Its website trading platform at tdameritrade. Ideal for advanced traders, the thinkorswim downloadable desktop platform delivers a pro-level, intuitive and highly visual experience. Two mobile apps offer different user experiences: The Web trading platform at tdameritrade. Drag and drop the modules you want to display, and rearrange to suit your needs.
A handy feature is the SnapTicket—a built-in order trading feature that automatically docks to the bottom of your computer screen. Use it to see quotes, enter buy and sell orders, view options chains, see your buying power cash balance, margin balance, etc.
Enter a ticker symbol at the top of any page to view an in-depth summary and access additional research resources like news, social signals, charts and fundamentals. These features, however, are available in the thinkorswim platform. While most brokers support a mobile app, TD Ameritrade offers two: Both apps can be used to research, trade and monitor positions, and you can access reliable research from industry leaders, including Credit Suisse, CFRA and The Street.
You can also deposit funds just take a photo of your check and transfer funds between your TD Ameritrade accounts and other financial institutions. Access the In-App Video feature to view step-by-step walk-throughs, or use Support Chat to live text with a trading specialist.
Both apps offer plenty of functionality, but TD Ameritrade Mobile Trader, not surprisingly, is more feature-rich. It may take a little research to decide which app is better for you. TD Ameritrade also offers several accessibility services, including telecommunications relay, statement alternatives, sign language and oral interpreter services. For automated client support, click the Ask Ted button at the top of any page after logging into your account to get immediate answers to questions about products, tools and services.
TD Ameritrade delivers a powerful suite of research tools to help investors and traders analyze potential investments, including tools for both fundamental and technical analysts.
To get started, enter a ticker symbol in the search box at the top of any webpage after logging in to view a summary, and click tabs to access news, social signals, charts, earnings, fundamentals, valuation, a calendar, analyst reports, peer comparison and SEC filings. The offerings are well organized and easy to navigate. While most of the research is pretty standard, two features stand out.
One is the Social Signals tab powered by LikeFolio , which displays a list of real-time, brand-relevant tweets, along with a summary of the most-tweeted brands in the past 30 days. The charting on the Web platform is very basic, but thinkorswim boasts fully customizable charting with hundreds of technical studies, so traders can head there if they need advanced charting. For example, the stock-specific news feed is a list of monochromatic dates and headlines.
TD Ameritrade has done a great job assembling its educational resources into one easy-to-navigate place—the Education Center. You can sort content by topic, media type, level and progress to choose material based on your interests and current knowledge. You can also find a list of online events: TD Ameritrade offers a limited range of banking options; however, its affiliate—TD Bank—offers a full range of banking services, including checking, savings and money market accounts, credit cards, home mortgage loans, home equity loans and lines of credit, personal loans and lines of credit and prepaid cards.
A new charting feature displays social data in graphical form, making it easy to gauge the social media sentiment of specific stocks. Overall, TD Ameritrade delivers an exceptional product.
The primary drawbacks are the higher than average commissions and margin rates, which could give reason to pause for active traders.
Jean Folger is co-founder of PowerZone Trading , a company that has developed high-performance software and tools for active traders and investors since She is a regular contributor to Investopedia, and writes about active trading, investing, real estate, retirement, travel and other personal finance topics. TD Ameritrade Fast Facts. Automatic synching between website, web-based, desktop and mobile trading platforms.
Customers can use the pro-level thinkorswim platform for free, with no account or trade minimum. Social Signals and advanced charting and order-entry, backtesting and automation with thinkorswim. Robo-advisors, plus a variety of Investment Management Services. Trade stocks, ETFs, futures, forex, options, bonds and other fixed-income securities.
Above-average commissions and pricey broker-assisted trades. Lacks two-factor authentication and other modern security features. On a net yield basis. Coverage of any financial losses due to unauthorized account activity. Pros Both apps offer plenty of functionality, but TD Ameritrade Mobile Trader, not surprisingly, is more feature-rich. What you need to know Visit tdameritrade. Answer a few questions to find bonds and CDs that match your investing goals.
A list of pre-screened, top-pick funds compiled by Morningstar Investment Management. What you need to know TD Ameritrade offers a limited range of banking options; however, its affiliate—TD Bank—offers a full range of banking services, including checking, savings and money market accounts, credit cards, home mortgage loans, home equity loans and lines of credit, personal loans and lines of credit and prepaid cards. About Our Broker Review Methodology. Investopedia's mission is to provide online investors with the most unbiased, comprehensive reviews and ratings of self-directed brokers.
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Retirement has changed over the years, increasing the need for Americans to save on their own. TD Ameritrade and Ally Invest are among the online brokerages that will offer bitcoin futures. Credit Suisse initiated coverage of TD Ameritrade stock with an Underperform rating, saying that its revenue mix is worse TD Ameritrade said it saw an increase in trades placed over mobile on Black Friday, underscoring the growing importance ofMore...