It’s very intuitive and easy to use, with additional features like streaming news, third-party research and trading watch lists. The web platform allows users to trade stocks, bonds, ETFs, mutual funds and options. TD Ameritrade offers a simple web-based trading interface with a corresponding mobile app as well as the highly regarded thinkorswim trading platform, available in desktop, web-based and mobile app iterations. Other speciality accounts span a wide range of business, investment club and charitable trust options.529 plans, Coverdell accounts and UGMA/UTMA accounts.Solo 401(k), pension or profit-sharing business retirement plans.SEP IRAs and SIMPLE IRAs for entrepreneurs.Traditional IRA, Roth IRA and rollover IRA accounts.TD Ameritrade, however, recently won a lawsuit rejecting the claim that “TD Ameritrade had failed to abide by its duty to seek the best execution for customer stock trades.”įrom basic to specialty accounts, TD Ameritrade customers will find everything they need, including: In the past, this has resulted in some customers not getting the best price for their investments, like if a brokerage opts for the market maker that compensates them the most versus the one that has the best price for their customer. TD Ameritrade is paid for order flow, a practice in which brokerages receive compensation for processing transactions through particular market makers at exchanges. There are no inactivity fees or paper confirmation statement fees.
#Thinkorswim fees full
Outgoing wires cost $25, a full account transfer out is $75 and paper statements cost $2 per month. In terms of service fees, TD Ameritrade comes in at about average. In comparison, low-fee champ Interactive Brokers charges a flat rate of 2.60% for all margin borrowing. The lowest margin rates (6.75%) are available for those borrowing more than $1 million. The fee for margin account balances of less than $10,000 is 9.50%, dropping to 9.25% for balances between $10,000 and $25,000. TD Ameritrade charges nearly the highest margin rates of the online brokers we surveyed. Select competitors, like E*TRADE, may have shorter holding periods that appeal to certain types of investors. Just remember that like some of its competitors, TD Ameritrade charges a $49.99 fee if you sell most no-fee, no-load funds within six months of purchase. This selection of funds compares favorably with competing online brokers.
TD Ameritrade offers 13,000 mutual funds, including nearly 4,000 no-load, no-transaction-fee funds.