TD Ameritrade Review – A Robust Investing Platform
- What is TD Ameritrade?
- TD Ameritrade Features and Costs
- My Experience Using TD Ameritrade
- TD Ameritrade Pros and Cons
- How TD Ameritrade Stacks Up Against Competitors
- TD Ameritrade FAQs
- The bottom line
What is TD Ameritrade?
TD Ameritrade Features and Costs
Numerous investment options
Choice of platforms
Planning and retirement options
Comprehensive educational resources
My Experience Using TD Ameritrade
Getting started with TD Ameritrade
Searching and buying stocks
Portfolio planning resources
Learning tools and resources
TD Ameritrade Pros and Cons
- Robust educational tools and resources. While many online stock platforms offer types of learning resources for beginning investors, TD Ameritrade’s comprehensive learning resources blow the competition out of the water. They not only offer base-level knowledge on all of the stocks they offer access to, but they also provide tutorials, video sessions, analyses and reporting, and current investing news updates. In addition, there are other tools, like screeners, designed to help you make smarter investment choices.
- Intuitive investing process. TD Ameritrade is easy to use, but offers most of the tools individual investors could ever need to buy, sell, and trade online. I love that the investing process feels intuitive on this platform, but as your investing knowledge deepens, you’ll find more value in tools you may have overlooked previously. You can also participate in mobile trading right from your smartphone with is extremely convenient.
- Transparent and low fees. I love that TD Ameritrade is affordable, requires no minimum account balance to get started, and offers a transparent fee structure (with no transaction fees). They’re also completely commission-free. They’re one of the most affordable investing brokerage companies out there and I’m a big fan of making investing easier and more affordable for everyone.
- No fractional shares options. Purchasing fractional shares (or partial shares in a company) has gained traction recently, and can help you better diversify your portfolio and own a balanced amount of partial shares of well-performing companies. This can help minimize your risk if a single company crashes, and not having this feature is a major drawback.
- Overwhelming options. While providing a vast selection of investing options, tools, educational resources, and funds may seem like a perk, I can see how this could be overwhelming to new investors. Until you understand what all of these tools are and how they function, they can seem daunting and may detract from TD Ameritrade’s user experience.
- No cryptocurrency trading. As of this time, you cannot add crypto to your portfolio with any of TD Ameritrade's account types.
How TD Ameritrade Stacks Up Against Competitors
TD Ameritrade FAQs
The bottom line
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