Price: Free account; $9.99 flat fee for all stock trades
Customer service is a top priority for TD Ameritrade and it shows. Barron's awarded them 1st place for BOTH Long-term Investing and Novice Investors. While there are platforms which are marginally cheaper, many investors will choose TD Ameritrade for the top notch customer service and the stability of the 35-year old organization.
TD AMERITRADE Investing Platform Review
TD Ameritrade is an online brokerage that offers a trading platform to all types of traders. This is a top online brokerage found online that offers many tools and features available to investors. Using the site offers an appealing experience from the beginning trader to a professional. A range of options is available for any investment choice. Opening an account on the site is free after completing the online application process.
Completing the application for an account is a relatively fast process that should take about 10 minutes to complete. When the account registration process is complete, a user is able to log into the site to see and explore the entire site. Trades can be made once a bank account is linked to a brokerage account. However, funds available for trading will need to be transferred.
Registered users of the TD Ameritrade are offer a 5-second guarantee for S&P 100 Internet equity market trades. Two mobile apps are available for users with an iPhone or Android mobile phone to choose based on trading style. Access to third-party experts is also available to obtain new trading ideas and research.
Fees and Commissions
Each equity trade will have a fee of $9.99. Option trades have a fee of $9.99 plus $0.75 per contract. A mutual fund purchased on the site will cost $49.99. If a user requires a broker assisted trade, the fee for this help will be $44.99. All trades that are made for stock will be $9.99 no matter the type of stock that is bought or the quantity.
New to the site is the addition of ThinkOrSwim. This is a business trading platform that provides users with technical tools, one-click trading and charts that are customizable. Trade Architect is the platform used for web-based trading. Both trading platforms are available by using a computer or mobile phone.
Research and Tools
Free live streaming quotes are available with research reports and market analysis. Users also can view breaking news and access a trading community for online discussion. Many free tutorials can be accessed to learn how to use and access site features.