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Established in 1978, TD Ameritrade is a brokerage company, a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank. They put at your disposal the following products: stocks, bonds, mutual funds, ETFs, options, futures, forex. They state that their investment products are not FDIC insured, not bank guaranteed, and are subject to investment risk, including loss of principal. TD Ameritrade and TD Bank are affiliated through their parent firms.

Their website is available in three languages.

Account types and deposit options from

They offer various account types: standard accounts, retirement accounts, education accounts and specialty accounts. There are no minimum initial deposit demands but the fee per stock trading is $6.95 + $0.75 per contract, the mutual fund trade is $49.99 and the broker assisted trades fee is $44.99. However, there are nearly 300 commission-free ETFs and they also have a cash bonus structure starting from $100 (for deposits of $25,000 to $99,999) up to $600 (for deposits of $250,000 or more).

Platform at

TD Ameritrade offers two types of platforms: Thinkorswim (desktop), Trade Architect (web-based), along with two apps that correspond to these platforms, so you can also trade via mobile.

Thinkorswim is an excellent platform designed for advanced traders; although it also offers simulating trading and beginners can test it too. This platform allows you to even create your own indicators and you can have multiple charts streaming real-time data.
Trade Architect, the web-based platform, has an impressive array of tools but it is a simple and easy to navigate interface so beginners will find it enjoyable. This platform is flash-based.

Customer support service from

You can visit one of their branches (search on their website as they have 360+ branches nationwide) or contact them via Facebook messenger, e-mail (available 24/7) or mobile. No complaints towards their team! Very professional and the answers they gave us were on point and useful.

The safety of your capital with

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This brokerage firm is regulated by FINRA and has licenses in 53 U.S states and territories. We advise you to read the ‘security’ section on their website as it describes the online security procedures and policies they designed to help protect your financial assets and personal information.

Advantages of

Pretty much everything we discussed so far about TD Ameritrade represents a list of advantages (with some exceptions). The platforms they offer, the variety of account types and products, as well as their communication with customers – they definitely indicate that TD Ameritrade is a professional and reliable broker.
Also, they deserve recognition for their education materials and guidance.

Disadvantages of

The fees and commissions are too high. Although they offer a great education center and the possibility to test the ground before trading for real, it seems like everything is designed for advanced or very experienced traders. – gem or scam?

All in all, TD Ameritrade is a professional online broker you can trust, but we definitely don’t recommend it to beginners.

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