TD Ameritrade Review 2023 – Pros and Cons

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TD Ameritrade is an American online broker and financial services company. The company was founded in 1975 and is headquartered in Omaha, Nebraska. TD Ameritrade offers a range of investment services, including stocks, options, futures, mutual funds, and exchange-traded funds (ETFs).

TD Ameritrade’s trading platform, thinkorswim, is widely regarded as one of the best in the industry, and the company has won numerous awards for its trading tools and educational resources. In addition to its online brokerage services, TD Ameritrade also offers investment advice and managed portfolios through its Amerivest program.

In 2020, TD Ameritrade was acquired by Charles Schwab Corporation, but the two companies continue to operate separately while the integration process takes place. As of September 2021, TD Ameritrade had over 13 million client accounts and $1.7 trillion in assets under custody.

TD Ameritrade

Brokers Name

TD Ameritrade

Regulation

CFTC, MAS, SFC

Established

1975

Headquarters

United States

Trading Desk

Market Maker

USA Clients

Yes

24H Support

Yes

Weekend Support

no

Website Language

English

Account Details

Accounts

Standard Account, Retirement Accounts, Education Accounts, Specialty Accounts, Margin Trading

Min. Deposit

$50

Base Currencies

USD

Leverage

1:50

Spreads

1.20 pips

Fixed Spread

Yes

Margin Call / Stop Out

50% / 20%

Trading Platform

WebTrader, Thinkorswim®, Desktop Thinkorswim®, Web Mobile Trading

Trading Instruments

Stocks, Options, ETFs, Mutual Funds, Futures, Forex, Bonds and CDs

Pros

  • Wide range of investment options
  • Advanced trading platform
  • Excellent educational resources
  • No account minimums or maintenance fees
  • Extensive research tools
  • Good customer support

Cons

  • Higher trading fees compared to some competitors
  • Limited availability of no-transaction-fee mutual funds
  • Higher margin rates than some competitors
  • Limited international investing options
  • Some features may not be user-friendly for beginners

Trading Features

Commission

Yes

Mini Accounts

no

Standard Accounts

Yes

VIP Accounts

Yes

Pro Accounts

Yes

Islamic Accounts

Yes

Segregated

no

Managed Accounts

no

Demo Accounts

Yes

Trading Services

Hedging

Yes

News Trading

Yes

Scalping

Yes

Automated Trading

Yes

Trading Signals

no

Educational Service

Yes

Copy Trading

no

Mobile Trading

Yes

Trading Markets

Indices

Yes

Forex

Yes

CFDs

Yes

Commodities

Yes

ETFs

Yes

Stocks

Yes

Bonds

Yes

Crypto

Yes

Funding

Deposit

Electronic Bank Deposit, Wire Transfer, Check, Physical Stock Certificates

Withdrawal

Electronic Bank Deposit, Wire Transfer, Check, Physical Stock Certificates

Contacts

Phone

800-454-9272

Email

support@tdameritrade.com

Address

Omaha, Nebraska, United States

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