Metrics included in the table are relevant and pruned to the most important. Vanguard offers superb resources for higher wealth individuals while TD Ameritrade may be a better choice for young investors Speaking of clean design, in late TD Ameritrade launched an Income Estimator tool, which I immediately gravitated to as my portfolio is currently overweight high-quality dividend stocks. Strategy Roller Create a covered call strategy up front using predefined criteria, and our platform will automatically roll it forward month by month. Please read Characteristics and Risks of Standardized Options before investing in options.
*TD Ameritrade does not charge platform, maintenance, or inactivity fees. Commissions, service fees, and exception fees still apply. Please review our commission schedule and rates and fees schedule for details. Past performance of a security or strategy does not guarantee future results or success.
TD Ameritrade Competitors
The Market Edge tool provides investors with in-depth technical analysis capabilities while the Social Signals feature allows investors to analyze social media sentiment on stocks they are evaluating.
The Stocks Overview suite helps investors monitor price action, highs and lows and volume, among other data points, in an effort to drill down deeper into industries and sectors to unearth new trading ideas. TD Ameritrade promises assistance of its experienced, licensed reps any time, anywhere. The firm also provides a FAQ section, which provides answers to questions such as: For those who wish to call, separate numbers are available for existing clients, new clients, retirement consultants, Spanish and Chinese language services, international support and TTY services for the hearing impaired.
Given the leeway provided by its over branches, the firm also provides a branch locator on its website. E-mail service is responsive as well with most messages returned in a business day or less.
Opening an account is fairly easy and you can pay for it electronically and start trading the very same day. Additionally, the Snap Ticket trading features to ensure a secure connection and make the trade even while you are doing any other task.
TD Ameritrade, being one of the largest discount brokers, is a one-stop shop for traders and investors with varied trading experience, given the range of tradable securities, and advanced and user-friendly platforms and tools made available to users.
However, one sore point is the cost involved, which, though is comparable with some of the bigger discount brokers, is expensive relative to most others.
The broker offers a robust platform complete with elite-level tools that can help even rookie traders feel like seasoned veterans. Benzinga is a fast-growing, dynamic and innovative financial media outlet that empowers investors with high-quality, unique content. Visit our Education Center to expand your investing knowledge with learning tools and then solidify your new skills with practice assessments. Access independent research for free to validate ideas and fuel your investment strategies.
Alerts allow you to track the price, volume, and rating of positions in your watch lists. Monitor changes in equities by turning on their notifications, which will be sent to your email and mobile device. The Dock offers easy access to your customizable modules, such as our Yahoo! Finance module, which can include your positions and watch lists.
Stay up to date on product launches, mergers, and quarterly earnings. View a short demo. While useful, there is no way to build your own side-by-side comparison table, say a table of just the FAANG stocks, for example, which is disappointing. Fortunately, custom side-by-side comparisons are possible for both ETFs and mutual funds. Speaking of clean design, in late TD Ameritrade launched an Income Estimator tool, which I immediately gravitated to as my portfolio is currently overweight high-quality dividend stocks.
The tool is self-explanatory, just import your portfolio holdings or enter custom positions to view a complete income breakdown. Stock analysis aside, I also enjoyed the on-site charting functionality. I could even pop out the chart into its own window to expand it across my inch monitor. The only downside to the experience is the lack of panning flexibility and zooming on the chart itself.
Upgrading to a full HTML 5 charting package down the road would resolve this minor drawback. For the price customers pay per trade, excellent research should be expected. When all 60 variables for Research are considered, TD Ameritrade lacks only two features: Impressive, to say the least. TD Ameritrade was one of the first brokers to offer an Alexa Skill, and in August it became the first broker to integrate with Facebook Messenger, embracing the future of artificial intelligence AI with its own chatbot.
The site-wide quote bar streams real-time quotes — functionality that Charles Schwab, ETRADE, and Fidelity do not offer — and includes SnapTicket, a quick trade extension that allows stock and option orders to be placed from any page on the site.
TD Ameritrade also offers a fully customizable sidebar, My Dock, which allows clients to display up to 13 different modules. Modules can be resorted or placed into separate columns, allowing clients with wide-screen monitors to maximize their workflow. While clean and easy to use, I found myself leaving the sidebar collapsed and hidden away. Despite having a inch monitor capable of maximizing the experience, I found it to be a distraction.
After many hours of testing and comparing, I found two disappointing items that stood out: The My Account Overview experience and adding additional accounts. The default My Account page is data rich but poorly laid out and I found it to be a poor launching pad into my usual workflow.
Enabling My Dock in the sidebar did little to patch the user experience. For managing multiple accounts, I found that each new account I created required a completely new username and password. Once established and logged in, I could then link the new account to my primary user ID.
This is a subtle difference from other brokers where you can simply create and add a new brokerage account to your same ID with no trouble. However, for clients with multiple accounts, it can be a confusing experience first time through.
Back to the benefits of being a TD Ameritrade customer, the broker is continuously innovating and embracing new technologies. As I write this review, supported functionality includes quotes, account management including transfers , stocks and ETFs trading, weekly market recap videos, and educational videos. With mobile trading, TD Ameritrade took a different approach by offering not one, but two smartphone apps: Both apps are supported across the full-spectrum, iOS and Android devices alike.
Having two separate apps has its pros and cons. On the pros side, the apps can hone in on their individual target users and provide a specific experience. On the cons side, it is easy to confuse the two apps initially and not know which one is right for you. The best way to think of Mobile Trader is to think of thinkorswim, in app form.
Advanced charting in Mobile Trader, with all technical studies available on thinkorswim, is available alongside a full array of order options. An incredibly smooth interface for advanced equities trades as well as a seamless experience for complex options trades are compelling features.
Complex options, futures, and forex are all only supported in Mobile Trader. Regardless, the combination of effective design and advanced trader functionality is the best in the industry. Functionality is still comprehensive, but not as deep as Mobile Trader. Watch lists created on the website or Trade Architect sync with TD Ameritrade Mobile, but not with thinkorswim or Mobile Trader they only sync with one another.
Because of its focus on investors over traders, TD Ameritrade Mobile provides a superior research and education experience. Both apps to be easy to use and well designed. That said, there are a few features I have on my wishlist for For one, the apps lack a customizable dashboard, which I feel opens the door to much more account personalization. Fidelity is an example of a brokerage that has built a great personalized dashboard. As far as innovation is concerned, TD Ameritrade is the only broker to offer in-app chat support and mobile desktop linking, both for the Mobile Trader app.
In-app chat support allows users to use their mobile devices and chat with a customer service agent for live help, which includes screen sharing. Linking enables users to link the thinkorswim desktop platform to the Mobile Trader app.
Click on the quotes tab, select a color next to the search bar that matches a chart or similar in thinkorswim, then pull up any quote, and thinkorswim will follow suit. Over videos are available, including endless education webinars and articles through thinkMoney magazine and The Ticker Tape. Even more impressive, in TD Ameritrade opened up all its remaining premium, interactive Investools courses, which previously cost thousands of dollars each, to customers for free. Content is organized into courses with quizzes and the website gamifies learning by awarding points alongside badges to encourage further education.
TD Ameritrade is one of those companies that just gets it.
Compare TD Ameritrade
TD Ameritrade reserves the right to restrict or revoke this offer at any time. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business. . TD Ameritrade Media Productions Company and TD Ameritrade, Inc.,are separate but affiliated subsidiaries of TD Ameritrade Holding Corporation. Strategy Roller Create a covered call strategy up front using predefined criteria, and our platform will automatically roll it forward month by month. TD Ameritrade is not responsible for the products, services and policies of any third party. GainsKeeper is a registered service mark of GainsKeeper, Inc. TD Ameritrade and GainsKeeper are separate, unaffiliated companies and are not responsible for one another's products or services.