TD Ameritrade: Get All the Perks of a Big Brokerage With $0 Commissions

Both beginners and experienced investors have a lot to like about this brokerage firm.

At Slickdeals, we work hard to help you find the best deals. To do this, some of the products featured here are from our partners, who may provide us with compensation. However, this doesn’t influence our opinions. Our views are our own.

Online brokerages are a dime a dozen, and it’s easier than ever to trade stocks, mutual funds and other securities. TD Ameritrade is one of the largest brokerage firms in the U.S., but its online platform is robust enough to be a top choice for novice and experienced investors alike. What’s more, the firm charges no commissions on trades.

Regardless of your investing goals, here’s why TD Ameritrade is one of the best brokerages you can use to achieve them.

Open an Account Today

$0 commission on online stock trades
$0 commission on online exchange-traded funds (EFTs)
$0 commission on online options trades
(contract fees now only $0.65, plus no assignment or exercise fee)

TD Ameritrade: The Important Details

TD Ameritrade has been around since 1975, but despite recent competition from inexpensive, mobile-first brokerages like Robinhood and Acorns, the large brokerage firm has continued to be one of the most popular options for investors.

In November 2019, Charles Schwab announced that it was acquiring TD Ameritrade. The deal has yet to be finalized. So it’s unclear when a merger will happen, but keep this in mind as you decide which brokerage is best for you.

Account Types and Investment Products

TD Ameritrade offers several different account types, including:

  • Standard accounts for investing without a specific goal in mind
  • Retirement accounts
  • Education accounts, including 529 plans, Coverdell Education Savings Accounts and UGMA/UTMA accounts
  • Specialty accounts for trusts, pension plans, business partnerships and more

With those accounts, you can trade a wide variety of securities, much more than you can get with smaller brokerages. Options include:

  • Stocks
  • Mutual funds
  • Exchange-traded funds
  • Options
  • Futures
  • Forex
  • Cryptocurrency
  • Cash solutions
  • Bonds and other fixed-income securities
  • Annuities
  • Initial public offerings

For more experienced investors, you can apply for margin trading, which allows you to borrow up to 50% of a trade from TD Ameritrade to potentially increase your buying power and rate of return.

TD Ameritrade Fees and Costs

All trades come with no commissions, which means no platform fees and no data fees. Also, there’s no minimum for how much you can buy or sell in a trade. The only exception is that there’s a $0.65 contract fee for options trades. While brokerages used to charge roughly $5 to $10 on each trade, it’s now standard to waive that charge.

Finally, you don’t have to have a lot of money to invest with TD Ameritrade — the brokerage firm has no account minimum.

Resources

TD Ameritrade’s resources are what make the brokerage an excellent choice regardless of how long you’ve been investing. The firm provides extensive research and data to help you learn and make the best investment decisions for your needs, and you’ll also get some guidance on how to build an efficient, diversified portfolio. What’s more, all of these resources are free to investors.

TD Ameritrade is also known for providing excellent customer support, and even has roughly 300 physical branches around the U.S., where customers can get in-person support.

Should You Choose TD Ameritrade for Your Investments?

TD Ameritrade is one of the biggest brokerages in America, but don’t let that scare you. The firm has invested heavily in its resources to make it easier for newbies to learn how to invest, and also for investors who have been around for a while and want to maximize their returns.

The platform’s $0 account minimum and $0 trade commissions also make it accessible for people who are afraid they can’t afford to invest. As with any financial decision, though, it’s important to compare several brokerage firms before deciding on one. Take some time to research and compare other online brokerages based on your needs and goals, and choose the one that’s the best fit.

Open New Account

We want to make sure you get the best deal! Our editors strive to ensure that the information in this article is accurate as of the date published, but please keep in mind that offers can change. We encourage you to verify all terms and conditions of any financial product before you apply. Also, please remember this content wasn't provided, reviewed or endorsed by any company mentioned in this article.


Any product or service prices/offers that appear in this article are accurate at time of publish, and are subject to change without notice. Please verify the actual selling price and offer details on the merchant's site before making a purchase.

Ben Luthi

Ben Luthi is a personal finance and travel writer and credit card expert. He has a degree in finance from Brigham Young University and worked in financial planning, banking and auto finance before writing full-time for NerdWallet and Student Loan Hero. Ben is now a full-time freelance writer and enjoys traveling and spending time with his two kids. His work has appeared in several publications, including U.S. News & World Report, USA Today, Money, Success and Slickdeals.

Related Articles

Back to top button
Close