{"id":505633,"date":"2022-11-29T00:29:00","date_gmt":"2022-11-29T00:29:00","guid":{"rendered":"https:\/\/www.publicfinanceinternational.org\/?p=505633"},"modified":"2024-03-18T14:59:21","modified_gmt":"2024-03-18T14:59:21","slug":"td-ameritrade-review","status":"publish","type":"post","link":"https:\/\/www.publicfinanceinternational.org\/td-ameritrade-review\/","title":{"rendered":"TD Ameritrade Review 2024"},"content":{"rendered":"
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TD Ameritrade<\/strong>, boasting over $6 trillion in customer assets and over 28 million customers, is one of the largest brokerages in the United States. Judging by its sizable customer base, it meets the expectations of many traders and investors, but does that mean it\u2019ll meet yours? That\u2019s exactly what you\u2019ll find out as you read this article, as we\u2019ll break down every feature of TD Ameritrade, what it offers, and what it doesn't, so you can decide <\/strong>whether it\u2019s the broker for you. <\/p>\n\n<\/div><\/div><\/div>\n<\/div>\n<\/div><\/div>\n\n\n

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Summary<\/h2>\n\n\n\n

TD Ameritrade provides clients with an outstanding trading experience, with zero-cost trades, extensive market analysis, a seamless platform experience, useful trading tools, industry-leading educational material, and reliable customer support. And since it is a safe broker that is regulated by top-tier authorities, traders are assured that their money is in a safe hand. For some, however, it might be a deal breaker that TD Ameritrade does not offer fractional shares or direct access to cryptocurrencies.<\/p>\n<\/div><\/section>\n\n\n\n

TD Ameritrade Overview<\/h2>\n\n\n\n

Here is a quick fact overview of TD Ameritrade. <\/p>\n\n\n\n\n\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
Broker<\/th>TD Ameritrade<\/td>\n<\/tr>\n
Founded<\/th>1975<\/td>\n<\/tr>\n
Headquarters<\/th>Omaha, Nebraska, United States<\/td>\n<\/tr>\n
Account minimum<\/th>$0<\/td>\n<\/tr>\n
Fees<\/th>Varies (low)<\/td>\n<\/tr>\n
Inactivity Fees<\/th>$0<\/td>\n<\/tr>\n
Stock Trading Fees<\/th>$0<\/td>\n<\/tr>\n
Number of No-Transaction-Fee Mutual Funds<\/th>3,700+<\/td>\n<\/tr>\n
Regulation<\/th>(FINRA), (SEC), and (CFTC)<\/td>\n<\/tr>\n
Tradable Securities<\/th>Stocks, ETFs, Mutual funds, Bonds, Options, Foreign ADRs, IPOs for qualified accounts, Futures, Forex<\/td>\n<\/tr>\n
Mobile App<\/th>Yes<\/td>\n<\/tr>\n
US-Accepted<\/th>Yes<\/td>\n<\/tr>\n
Customer Support<\/th>Phone, email, live chat, texting, social media, and in-person support at branches<\/td>\n<\/tr>\n
Our Score<\/th>4.7\/5<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n

Pros & Cons<\/h2>\n\n\n\n

TD Ameritrade enviably shines in many aspects as an online broker while falling short in a few. <\/p>\n\n\n\n

Pros<\/strong><\/th>Cons<\/strong><\/th><\/tr><\/thead>
Above-average trading platforms<\/td>No fractional shares<\/td><\/tr>
No account minimum<\/td>No direct access to cryptocurrency<\/td><\/tr>
Free research<\/td><\/td><\/tr>
Commission-free stock, options trades, and ETF.<\/td><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n
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Best Alternative to TD Ameritrade is eToro<\/mark><\/h2>\n\n\n\n