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TD AMERITRADE

What is TD AMERITRADE?

TD AMERITRADETD Ameritrade was founded in 1975 under the name First Omaha Securities They offer trade online and through one of their more than 100 different physical locations throughout the US.  They are one of the largest online brokers in the US. They have more than 6 million clients.   They allow you to trade stock, preferred stocks, exchange traded funds, bonds, Mutual funds, money market accounts and options.  .They are very well regarded and make a lot of TV advertising in the US.

Who Should Use TDA?

When using TD Ameritrade, your money is in good hands with one of the world’s largest discount brokerage firms, with local branches nationwide. TD Ameritrade is committed; to both excellent client service, and account information protection. While no security system is absolutely impenetrable, TD Ameritrade has made substantial investments in top notch security software, systems, and procedures; constantly reviewing, refining, and upgrading its infrastructure.

TD Ameritrade offer very good customer insurance.  Account balances up to $149.5 million are protected due to a private insurance that the company has signed with a LOndon based insurance company.. The $149.5 million of coverage includes a sub-limit of $900,000 on cash. Each client is limited to a combined return of $150 million from SIPC, or London insurers. The TD Ameritrade supplemental insurance policy has a combined limit of $500 million for claims from all TD Ameritrade clients. This supplemental insurance provides coverage following brokerage bankruptcy, and does not protect against loss in market value of the securities.

TD Ameritrade give you access to a lot of information as well as real time information and financial news and information.

TD AMERITRADE platform

Investment offerings include:

  • Equities — foreign and domestic stocks and initial public offerings
  • Mutual funds; over 15,000 mutual funds to choose from
  • Unit investment trusts, and fixed-rate capital securities
  • Fixed-income instruments with a wide variety of bonds
  • Education, retirement, and estate planning
  • Commission-Free ETFs; TD Ameritrade has around 100 commission-free ETFs.
  • Easy-to-Use Interface; their service caters to beginners to advanced with the various features.
  • Research and Education; TD Ameritrade has many options to help find the right stock, mutual fund, or ETF for your investing needs.

Enjoy a no Minimum Opening Deposit – TD Ameritrade makes it very easy to start trading. There is no minimum deposit needed to open an account. You can depoist USD1 if you want to.  This allow you start saving in stock even if you are only able to invest USD 59 or 19´00 a month.

Low Fees –It is cheap to trade stock with TD Ameritrade. The charge $6.95 if you buy and sell stock through their internet broker.  The fee is higher if you do a trade through one of their physical offices.   The offer different pricing plans for different investors. This allows them to offer a service that is tailored to any investor need.

Investment Options – TD Ameritrad allow you ton invest in a lot of different financial instruments. You can chose to invest in stocks but you can also investing mutual funds, Exchange traded funds, options and a number of other financial instruments.

Powerful Research Tools –They give you access to a large number of good tools and information sources that will help you analyze the market and make profitable trades.

Trading Tools – The Trading Platform Is easy to use and allow you trade on your computer and on different mobile platforms.  The mobile platform is very easy to use and is available for Blackberry, iPhone, Android, and Windows phones.

Tax-Loss Harvesting – TD Ameritrade helps you minimize the tax you have to pay every year.  They help you match profits and loses to minimize the capital gains tax you have to pay.

The downside of Ameritrade:

There are cheaper options available. One such option is Robinhood that allow retail investors to trade stock for free.