tdAMERitrade
Comprehensive analysis.
main features
TDAmeritrade services
- Multiple trading platforms suitable for all devices
- User friendly system
- Thousands of trading instruments
- Extensive educational resources
- Live events
- third party and voice trading
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features and benefits
Take a Look
Initial cost
Compared to other brokers
100%
the system
User-friendliness level
96%
platforms
Ddiversity and utility
100%
Instruments
Variety and availability
87%
customer service
Knowledge and helpfulness
93%
additional features
Added value for traders
97%
Our first interaction with TDAmeritrade is their website. The site is neatly constructed, clearly designed to be easy to use with all the information readily accessible to potential clients.
As for its services, TDAmeritrade is offering commission-free trades as of 2019. There is only a commission for options – $0.65 per contract.
TDAmeritrade also has over 11,000 mutual funds available, with expense ratios of up to 0.50%, and over 10,000 that have an investment minimum of up to $100. This is particularly beneficial for people just starting out in the industry.
One of the best things about TDAmeritrade is the cornucopia of educational resources provided to its clients. Whether the client prefers videos, e-books, slideshows, workbooks – it’s all there. This education center has something for any level of trader – from beginner to very advanced. They also have a chatbot designed to answer questions and provide information. If that’s not enough, Ameritrade also hosts a daily webcast and 40 annual events at their locations.
Ameritrade also offers a trading simulator where traders can practice their skills and hone their strategies. This simulator is available for all Ameritrade clients, as well as non-clients who get a 60-day trial for free.
The Ameritrade platforms (there are 2), each come with its own mobile version. While TDAmeritrade.com is a free platform that includes everything the average trader requires. It provides research from several reliable sources, a customizable landing page, and a GainsKeeper tool which allows traders to track gains and losses for tax purposes.
Ameritrade also has a desktop trading platform titled Thinkorswim, designed for the more serious traders. It has all the required features, plus some advanced trading capabilities, impressive technical analysis, and much more.
Ameritrade went a step further and did something unusual: it allows traders to make code-red emergency trades through Twitter DMs, Facebook Messanger, and Apple business chat. This is very useful if you can’t get to one of their apps or platforms. Furthermore, as of 2020, Ameritrade offers voice command investing with Google Assistant and in-vehicle smartphone experiences. Especially for people who can’t stop trading even while driving.
Ameritrade also offers phone support 24/7, as well as support via text, Facebook Messanger, Twitter DM, Apple Business Chat, and Amazon Alexa. There is no account minimum, no annual fee, or inactivity fee. The transfer-out fee is &75, although a partial transfer is free. This is the average rate among brokers.
It’s easy to see how this broker gets to the top of so many brokers’ lists. The only thing that needs improvement is the broker-assisted trade fee. Their fee of $44.99 is steep in relation to other brokers. That said, this is one of the best brokers out there, and definitely a good choice for any trader.
