TD Ameritrade review 2023: should you sign up with this broker? 1.4/5This broker has 40 years of experience in this industry. Min. deposit $0 Website address https://www.tdameritrade.com/ Demo account Yes Currency USD Supported languages Eng Active Yes Payment Methods ACH TransferAutomated Customer Account Transfer ServiceChequeTransferWiseWire Transfer Instruments CryptoE-minisForexFuturesOptionsStocks Min. trade price None Regulated By CFTCFINRASEC MetaTrader 4 No MetaTrader 5 No cTrader No OmniTrader No AlgoTrader No TradingView No Trading Central No Autochartist Yes eSignal Yes STP Account Yes ECN Account No DMA Account Yes MAM Account Yes PAMM Account No LAMM Account No Demat Account No Mobile Apps iOS & Android Margin Trading Yes Volatility Index Yes Spot Trading No Perpetual Swaps No ELWs No REITs No AI / Machine Learning No Robo Advisor Yes P2P Trading No Negative Balance Protection No VPS Hosting No Tournaments No Demo Competitions No Managed Accounts Yes Market Maker No Auto Trading Yes Social Trading No Copy Trading No Trade Signals Yes Islamic Account No Inactivity Fee None Guaranteed Stop Loss No Stock Exchanges Dow JonesJapan Exchange GroupNasdaqNew York Stock ExchangeS&P 500Taiwan Stock ExchangeToronto Stock Exchange Commodities CocoaCoffeeCopperCornCottonGasolineGoldLivestockNatural GasOilPalladiumPlatinumSilverSoybeansSugarWheat Forex Trading Trade 75+ major and minor currency pairs with floating spreads. Forex GBPUSD Spread Variable Forex EURUSD Spread Variable Forex EURGBP Spread Variable Forex Assets 75+ Crypto Spread Commission fees apply Crypto Lending No Crypto Staking No Crypto Mining No Crypto Auto Market Maker No Crypto Coins BTC, ETH, MBT, MET Ladder Options No Boundary Options No Show all >>* The amount that will be credited to the account in the case of a successful deal*General Risk Warning: Your capital might be at riskMin. deposit20$Min. trade price1$Website addresshttps://www.tdameritrade.com/Profitability83%*Demo accountYesCurrencyUSDSupported languagesEngActiveYes * The amount that will be credited to the account in the case of a successful deal Trustpilot Real Time Reviews The Trustpilot rating is 1.4, according to 263 reviews Ron Harford us I do not understand all the negative ratings. I have been with them for 15 years and l have had no real problems. Never been put on hold for more than a few minutes. Their web site is easy to use and has never been down. Never had a hold on any deposit. Because of my balance l can use private client services. This could be the reason why l get such good services however when l had a smaller balance and did not use private client services l still got excellent serviceView all Natalie Santamore us I use TD Ameritrade for lower cost stocks. I haven't had any problems depositing funds through bank transfers or mobile check deposits. I've had no problems buying or selling stocks. To be fair to the other reviewers here, I haven't attempted any withdrawls or had a need to contact constomer service but so far I'm happy with the site and will continue to use it.View all SH us Excellent customer service. Fast trading platformView all Marvin at Their plattform (TOS) is excellent and one of the best programs out there. Easy to use, great interface, good tools. Sadly, over the years I've used it, there have been a couple of times when it's become unreliable which really shouldn't happen. Their mobile version is quite good as well. Unlike others here, I've had decent experiences with customer service - that was exclusively pre-corona though. Could very well be that TDA has recently made some cuts during the merger and/or pandemic. They are in the process of merging with Schwab right now, so it remains to be seen how the brand and their plattform goes from here.View all Chris Clementson us I've been a loyal client since 1998 when they were just plain Ameritrade. They have been a solid, dependable, no-frills, no-nonsense brokerage with outstanding customer service. The reps are always very helpful and courteous. Shortly after the acquisition by Schwab I started receiving unsolicited cold calls from their brokers. I made it clear that I'm a buy-and-hold man not interested in churning my account and they have left me alone ever since. I like that they don't bombard you with sales pitches for this and that. I've found that during market hours, cash balances on the web interface are slow to catch up, but Think or Swim updates immediately. If you need telephone support you'll get through much quicker if you call during off hours when the market is closed and the brokers aren't as busy. At TD Ameritrade you get free Gainskeeper, a real boon at tax time. I hope Schwab doesn't take it away. I understand that eventually we will get Schwab accounts and new account numbers. It remains to be seen if Schwab keeps the many benefits of TD Ameritrade in place or if things will change for the worse. Schwab has already made it clear that Think or Swim is "here to stay".View all Lawrence D Jones us I have been with TD Ameritrade for 14 years. I rarely have a problem. In the case of a problem, they have always been responsive, indeed proactive. Their TOS system is excellent. They will teach you anything. I have traded options for years, made and lost hundreds of thousands of dollars, but the losing is not their doing. It is my responsibility. Do they make mistakes, well of course, who does not. The people who give TDA one star are clearly angry with themselves. Too bad, TDA is a good company.View all Load more Saqib Iqbal Author 13 min read Published: November 07, 2018 Updated: August 04, 2022 Views: 170Content What is TD Ameritrade? What are TD Ameritrade’s trading accounts? How safe is TD Ameritrade? Where is TD Ameritrade located? How to deposit funds in a TD Ameritrade account How to contact TD Ameritrade Does TD Ameritrade offer promo codes? Does TD Ameritrade charge tax on profits? How do I make money with TD Ameritrade? FAQsTD Ameritrade is one of the best brokers out there. It provides plenty of trading and investment options.Do you know TD Ameritrade started in 1975? Let’s find out everything about this broker.How does TD Ameritrade stand out?Zero costs: TD Ameritrade charges no commissions for trading stocks, ETFs, and options.Multiple options: TD Ameritrade has an industry-leading selection of assets, including thousands of stocks, forex pairs, ETFs, and mutual funds.Plenty of account types: TD Ameritrade is also very accessible regarding the types of accounts you can open.Pro platforms: The highly regarded Thinkorswim platform and its TD Ameritrade online and mobile platforms provide professional-level trading.Extensive resources: TD Ameritrade provides education for all types of trader, including live webcasts, news, and analysis on practically any market-related issue.Unbeatable support: TD Ameritrade’s customer service is hard to beat, with 24/7 help through phone, text, fax, live chat, email, or social media.What is TD Ameritrade? Trading with TD Ameritrade is a priority for many potential traders. With more than 40 years in the business, the firm must be doing something right.But hold on, let me tell you everything about good ol’ TD Ameritrade so you can decide. So, let’s find out everything.Time for some history lessons. I will tell you an interesting story of how the brokerage was formed. TD Ameritrade was founded in 1975 and has been a leader in the brokerage industry for many years.When the Securities and Exchange Commission removed fixed brokerage rates on May 1, 1975, TD Ameritrade was one of the first to cut its prices. The company (then known as Ameritrade) pioneered push-button telephones for order entry.The modern era of the firm began in 1996 when it combined with electronic trading platform operator TransTerra. The dot-com boom witnessed a significant increase in internet trading and Ameritrade benefited from it. Over the next decade, the firm expanded organically and via acquisitions.Ameritrade bought TD Bank’s US brokerage division in 2006, giving TD a 40% share in the company. It changed its name to TD Ameritrade. The trading software startup Thinkorswim was bought in 2009.It served as the foundation for the trading platform that TD Ameritrade now provides to you and me. Two significant breakthroughs have occurred in recent years. First, TD Ameritrade purchased main rival Scottrade in 2017. Charles Schwab bought TD Ameritrade in 2020.TD Ameritrade homepageI hope you liked that history lesson. But let’s come back to the present. The broker now provides investing and trading services for 11 million accounts with a combined asset value of more than $1 trillion.It has made the top brokers’ list for years. According to Investopedia, TD Ameritrade is theBest Broker for BeginnersBest Broker for MobileOne thing to add here; the broker isn’t available outside the US except in Singapore. It was available in Hong Kong until February 28, 2022. So, that’s a bummer for most people.Who are TD Ameritrade’s regulators?It’s good to have a strong track record. So, TD Ameritrade must have top-tier regulators. Or does it? Let’s find out.When you scroll to the bottom of the About Us section on its website, you can find the broker’s regulators. TD Ameritrade has licenses from:FINRA (Financial Industry Regulatory Authority)SIPC (Securities Investor Protection Corporation)MAS ( Monetary Authority of Singapore)TD Ameritrade regulationsHow does TD Ameritrade work?So, TD Ameritrade is solid in its history and regulators. But what about the trading assets? Do they offer a lot? Let’s find out!TD Ameritrade provides plenty of tradable assets. Stocks, forex, options, futures, ETFs, and mutual funds. Let’s talk a bit about the assets.ForexGBP/USDEUR/USDUSD/CHFNZD/USDAUD/USD and 70 moreStocksAlphabetAppleAmazonBank of AmericaBoeing, and moreETFsVanguardGlobal XiShares and 3,500 moreMutual FundsVanguard 500 IndexFidelity 500JP Morgan Market FundMorgan Stanley Inst and 13,000 moreBonds US 10-Year and moreAlthough the broker doesn’t provide crypto trading, you can invest in:OTC trustsMutual funds and ETFsBitcoin futuresTD Ameritrade products pageRegarding stocks and ETFs, TD Ameritrade has entered the $0 fee club. It offers highly competitive pricing; one of the best, if not the best in this category.Broker-assisted trades and phone trades cost $25 and $5, respectively. TD Ameritrade also does not charge market data fees, inactivity fees, platform fees, or any other hidden fee.How does the TD Ameritrade platform work?Remember I told you that TD acquired Thinkorswim in 2009? That’s not the only platform the broker offers. You have many options available. Let’s see what those are.TD Ameritrade offers web, desktop, and mobile platforms. They made my trading easier, and I’m sure the same will happen to you. There are five trading platforms available. They are:Classic web platformNext gen web platformTD Ameritrade mobileThinkorswim webThinkorswim desktopThinkorswim mobileLet’s talk about them.Classic and next gen web platformsThe classic web platform has all the tools and resources you need to kick-start your trading journey. The next gen is an upgrade to the classic platform.You can trade all types of assets on both platforms. They are super user-friendly, with added features like live news, third-party research, and trading watch lists.TD Ameritrade classic web platformTD Ameritrade mobile platformThe mobile platform offers the same features as the classic and next gen platforms. You can have live quotes, news events, charting tools, and technical indicators.You can also connect the app to the Apple Watch. I haven’t tried it but it looks cool.TD Ameritrade mobile platformThinkorswim platformThinkorswim was built by traders for traders, and TD Ameritrade owns it. You can access all of the charting tools and technical indicators you’ll need to succeed. TD Ameritrade offers desktop, web, and mobile Thinkorswim platforms.I enjoy Thinkorswim’s trading tools, trading simulator, stock screener capabilities, the platform’s competitive price, and many order types. However, I’ll put a disclaimer here. It’ll take some time for you to get the hang of the platform. But once you do, it’ll make your trading a lot easier.Thinkorswim web platformWhat trading indicators are available?As an active trader, I know the importance of trading tools. I rely on many tools like the Economic Calendar. One of those tools is technical indicators.TD Ameritrade offers more than 300 technical indicators on classic and Thinkorswim platforms. Some of the available indicators are:RSIStochasticsMACDBollinger BandsMoving Averages, and many moreFurther reading How to Buy Stripe Stock Cryptocurrency trading and binary options EasyOption Review 2023: Is It Worth It? Top 10 Fun Facts About Forex Trading Volume Based Trading Techniques (Volume Indicators) The 80/20 rule In Trading. How To Implement It?What are TD Ameritrade’s trading accounts? There are plenty of account types available on TD Ameritrade. I like when the broker offers different account types.So, I can try them out! Let’s see what TD Ameritrade has to offer.TD Ameritrade offers four account types. They are:StandardRetirementEducationSpecialtyEach account comes in different types and with different features. So, let me break it down for you.1. StandardThis is the account that many users prefer. I also have a standard account. The standard account has different typesIndividualJoint Tenants with Rights of Survivorship (JTWROS)Tenants in CommonCommunity PropertyTenants by the EntiretiesGuardianship or ConservatorshipYou can open every type of standard account with $0. But if you want to trade on margin, you’ll need a $2,000 minimum deposit.2. RetirementIf you want to set aside money for the future, you can open a retirement account with TD Ameritrade. It has the following account types:Traditional IRARoth IRARollover IRASEP IRASolo 401(k) (for small businesses)SIMPLE IRA (Savings Incentive Match Plan for Employees)Pension or Profit PlanThere is no minimum initial deposit required to open an account and no maintenance fees for retirement accounts.3. EducationHow about gaining a degree while also saving some cash? TD Ameritrade education accounts do that. This account also comes in different types:529 PlansCoverdell Education Savings AccountCustodial Uniform Gift to Minors Act (UGMA)/Uniform Transfer to Minors Act (UTMA)You can open an account with no minimum deposit.4. SpecialityTrusts, limited partnerships, small companies, charities, and investment accounts are examples of specialty investment accounts. There are several types, including;TrustLimited PartnershipPartnershipInvestment ClubLimited LiabilitySole ProprietorshipCorporate (profit or nonprofit)Non-IncorporatedSmall Business PlansCharitableEach account type has different requirements. But there is no minimum for all account types. If you want to trade on margin, you can with a minimum deposit of $2,000.TD Ameritrade account typesDoes TD Ameritrade offer a demo account?You should devise a proper trading plan before risking any dollars in trying your hand at active trading. The most effective method is to use paper trading apps or platforms. Paper trading is another name for a demo account. So, don’t get confused.But as for the question “Does TD Ameritrade provide a paper trading or demo account?” Indeed, it does! The paperMoneyⓇ simulator from TD Ameritrade allows you to practice trading by providing you with $100,000 in virtual cash. The free simulator runs on the broker’s powerful Thinkorswim trading platform.Further reading Live Currency Heat Map What to Do if a Broker Refuses to Pay – 3 Effective Methods Top Binary Options Brokers Reviewed in 2023 The 80/20 rule In Trading. How To Implement It? Trader’s profitability Calculator Volume Based Trading Techniques (Volume Indicators)How safe is TD Ameritrade? TD Ameritrade offers some of the best security. You already know about the broker’s regulators.There are some other methods the broker applies to enhance trading security. So, let’s see!The broker offers the best data and information security. TD Ameritrade employs firewalls, anomaly monitoring, intrusion detection, and encryption technologies to keep information and assets secure. While there is always the danger of losing money while investing, TD Ameritrade promises refunds.It will repay you if you lose money from your account due to fraudulent conduct. In addition, TD Ameritrade is a member of SIPC, which provides securities clients with up to $500,000 in protection. So, the broker is super safe.Further reading Pocket Option review 2023: pros & cons Convert Satoshi To BTC Bitcoin | 100% Free Online Tool Top 10 Fun Facts About Forex Trading EasyOption Review 2023: Is It Worth It? The Most Popular Trading Assets For Binary Options Trader’s profitability CalculatorWhere is TD Ameritrade located? The location of the broker adds to its legitimacy. But where can I find TD Ameritrade?Spoiler Alert: Everywhere! Let’s explore!TD Ameritrade’s headquarter is at 16811 Burke Street Suite #101, Omaha, Nebraska. However, it has offices in all 50 states.TD Ameritrade locationWho owns TD Ameritrade?Time to jog your brain! Do you know who owns TD Ameritrade? I talked about it earlier. Can you remember?TD Ameritrade is a subsidiary of Charles Schwab Corporation. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank.Further reading TRADING STRATEGY ON A FRACTAL REVERSAL WITH THE RSI FILTER What Is Online Wealth Market (The Full Review 2023) What Is a Forex Cent Account? Learn the Basics! The 80/20 rule In Trading. How To Implement It? Live Currency Heat Map EasyOption Review 2023: Is It Worth It?How to deposit funds in a TD Ameritrade account You can fund your account in less than five minutes. Yes, that’s really impressive!So, what are the methods? Let’s find out!There are five ways to fund your account.Electronic bank deposit (ACH)Wire transferAccount transfer from another firmCheckPhysical stock certificatesElectronic transfer is the fastest method and takes about five minutes. You need a $20 minimum deposit for electronic transfers. All other methods take 1-3 business days. Account transfer from another firm can take about a week.How to withdraw funds from a TD Ameritrade accountAre the withdrawal methods the same as the deposit methods in the case of TD Ameritrade? Are there any additional fees? I’ll explain these questions here. Let’s find out more.TD Ameritrade has the same withdrawal methods as those used for deposits. Also, it takes the same amount of time. There are no additional fees for withdrawals or deposits.TD Ameritrade payment methodsFurther reading Is Quotex a scam? Read this before trying the broker in 2023 Trading Strategy: ALMA with Moving Averages Trader’s profitability Calculator Live Currency Heat Map EXANTE BROKER REVIEW 2023: FEES AND BENEFITS ALLY INVEST REVIEW 2023: SHOULD YOU SIGN UP WITH THIS BROKER?How to contact TD Ameritrade It’s hard to beat TD Ameritrade in terms of customer support. I have tried multiple contact methods, which were super quick every time.But let me tell you how you can contact the broker. So, if you need any assistance, it’ll be helpful.There are several ways to contact this broker, like phone or email. But one interesting method is something other brokers don’t offer. You can speak directly with TD’s representatives by visiting any nearby branch.Customer service is just a short drive away, thanks to hundreds of branch offices across the US. You can also contact them through social media.Further reading The 80/20 rule In Trading. How To Implement It? Moon Bitcoins Review 2023 (Legit Or Scam) Free Online Interactive Binary Options Charts and Why You Should Use Them 11 BEST PAPER TRADING APPS (TRADE WITH NO RISK) Top 10 Fun Facts About Forex Trading Learn to Use the Economic Calendar: Binary Options TradingDoes TD Ameritrade offer promo codes? Promos are a good marketing strategy. Brokers can build a large fan base.But does TD Ameritrade offer them? Let’s find out!TD Ameritrade offers promos only through its Singapore entity. The broker pays you $100 for changing your broker. However, you have to deposit $3,500 to your TD Ameritrade account.TD Ameritrade promoDoes TD Ameritrade offer bonuses?I’m sure you love free offers. Bonuses are part of a broker’s free offers.But what options does TD Ameritrade provide? Let’s find out! TD Ameritrade doesn’t offer any bonuses.Further reading 11 BEST PAPER TRADING APPS (TRADE WITH NO RISK) Learn to Use the Economic Calendar: Binary Options Trading Trading Strategy: ALMA with Moving Averages Top Binary Options Brokers Reviewed in 2023 How to Buy Stripe Stock Live Currency Heat MapDoes TD Ameritrade charge tax on profits? Taxes are part of what we do as traders. Fortunately, TD Ameritrade provides you with proper tax forms and resources.So, does it also charge taxes? Let’s see!TD Ameritrade does charge taxes on profits. The rate is 15% for the majority of investors. If you sell an investment in the first year, it is termed a short-term gain, often treated less favorably.The gain is treated as regular income, and the tax rate can be as high as 37% of the marginal tax rate. You can read more about the taxes here.Further reading Learn to Use the Economic Calendar: Binary Options Trading Trading Strategy: ALMA with Moving Averages What is Forex? Unknown Facts & Figures (The Ultimate Guide) The 80/20 rule In Trading. How To Implement It? Volume Based Trading Techniques (Volume Indicators) Pocket Option review 2023: pros & cons How do I make money with TD Ameritrade?TD Ameritrade was the broker I so wanted to try. So, I opened my account in 2016. I love the information and the details that the broker provides. Everything is self-explanatory.Whether you want to find the investment options or the countries available, you can find them instantly. I like the multiple account types and the trading platforms. The available resources and the tools are superb also.I like the overall trading conditions and to top it all, you can start with $0. Yes, there is no minimum deposit. Let’s see what others have to say:Further reading What does a forex trader do? What is forex trading? Moon Bitcoins Review 2023 (Legit Or Scam) What Is a Forex Cent Account? Learn the Basics! What Is AdvCash Or An Off-shore Payment Card Alternative 10TRADEFX REVIEW 2023: IS IT WORTH IT? Cryptocurrency trading and binary options FAQsIs TD Ameritrade good for beginners?Yes, it is! TD Ameritrade is the superior option whether you’re a newbie searching for a larger selection of trading products or an advanced trader seeking a more sophisticated trading experience.What happens if TD Ameritrade goes out of business?If TD Ameritrade collapses, another financial business may agree to acquire the firm’s assets, and the broker will move accounts to the new custodian. The US government also offers insurance on up to $500,000 in securities or $250,000 in cash stored at a brokerage company, known as SIPC coverage.Can I transfer my TD Ameritrade account to Charles Schwab?Yes, you can. You need to add your TD Ameritrade accounts to your Account Summary view on Schwab.com for a complete picture of your investments and balances at both businesses.Final thoughtsThere you have it! We went into the depths of TD Ameritrade. For me, TD Ameritrade shines in every department.TD outperforms its competitors, whether in relation to assets, platforms, account types, or customer support. However, the broker could improve its international availability. So, I’ll give it 4.7/5.I hope this review was informative and time-saving for you. If you are looking for forex brokers other than TD Ameritrade, you can check the complete list of brokers here.Visit »It is one of the best international brokers. Different types of assets, convenient and reliable platform, favorable trading conditions. Want to know more? Click here.Further reading BINARYCENT REVIEW: IS IT WORTH IT? 11 BEST PAPER TRADING APPS (TRADE WITH NO RISK) How to Buy Stripe Stock Close Option - binary options broker review The 80/20 rule In Trading. How To Implement It? How long to learn binary options trading in 2023?