TD Ameritrade Online Brokerage Account Review

TD Ameritrade is another online financial brokerage service provider with an abundant online stock trading platform for its investors as well as traders. It offers an opportunity to trade stock, option and mutual funds. The commission fees for trading stock is $9.99 per trade. Recently, TD Ameritrade offers 100+ Free commission ETFs with 30 days holding period.

The following is the standard commission for trading using TD Ameritrade platform:
  • Products: Stocks, bonds, CDs, UITs, mutual funds, options, forex
  • Market Orders: $9.99/trade
  • Limit Orders: $9.99/trade
  • IVR Phone Orders: $34.99/trade
  • Broker Assisted Orders: $44.99/trade
  • ETF Market/Limit Orders: $9.99/trade
  • Commission Free ETFs: $0.00/trade with requirement
  • Mutual Funds: $49.99 for no-load funds. NTF mutual funds: $0.00
  • Options: $9.99/trade+$0.75/contract
  • Futures: $3.50/contract
  • Minimum to Open: $0, $2000 for margin account.
  • Electronic funding minimum: $500
  • Inactivity Fee: $0.00
  • Some Other Fees: Paper Statement: $2.00, DTC Out:$25.00/security, ACAT Out:$75.00.
  • Maximum Margin Rate: Based on proprietary base rate
Free ETF trading

Recently, it offers 100+ free commission ETFs. The current ETFs offering include:
  • 31 Equity ETFs:
  • 3 REIT Sector ETFs
  • 32 Bond ETFs
  • 31 International ETFs
  • 4 Commodity ETFs

Several Pros  of TD Ameritrade
  • Feature and research rich offering for all client types including research by Morningstar, S&P, and Market Edge, etc
  • Customer service is very friendly and knowledgeable
  • Offer thinkorswim by TD Ameritrade trade platform.
  • Also offer Pre market and Post Market trading for no additional fees
More details: My Review of TD Ameritrade Online Brokerage Account and Free ETF


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