Benefits of Investing with TD Ameritrade

TD Ameritrade is an established company in the online brokerage industry, and they managed to build their brand through well-known TV commercials. Originally founded in 1975, they once had a place in the offline world. So, not only do they have a solid online presence, but they also have over 100 branch locations nationwide.

Costs and Fees

While TD Ameritrade is not the cheapest on the market, they have a lot to offer for the extra cost. Even with regard to price, they are still pretty competitive. They charge $9.99 for every stock trade, and the same applies for options trading as well. They do, however charge an extra $0.75 for every contract you sign. TD Ameritrade also has no minimum deposit, which can be a huge advantage if you don’t have a lot to put in the market.

Types of Investments

TD Ameritrade offers a wide variety of investments, such as:

  • Common stocks
  • Preferred stocks
  • Bonds
  • Mutual funds
  • ETF’s
  • Options
  • Money market accounts

You can open up a margin account, but it’s not always recommended. While margin trading can give you more potential to make a profit, it can easily work in the reverse.

Research Tools

It is in this area that TD Ameritrade really shines, and it’s because of this that some people won’t mind the higher price tag. TD Ameritrade has very powerful research tools, as well as very detailed charts and graphs. They get their data from a third party source, which uses 34 different technical indicators. All of this is enough to satisfy any experienced trader.

Their desktop application (called Thinkorswim) is a powerful trading tool that streams live data in real time, and it’s very comprehensive. It has a variety of different charts and graphs that can be used to analyze the market at a very advanced level, which will be a great benefit to someone who frequently plays the market.

TD Ameritrade has also gone mobile, so you can monitor your portfolio and even do market trades on your smartphone or tablet. They offer two mobile apps – one that will be suited for a different type of trader. The TD Ameritrade Mobile app will be catered to the more casual investor, as it doesn’t have as much detailed information as its counterpart – the TD Ameritrade Mobile Trader. This one has more detailed market information, which will make it more suitable for the more active trader.

TD Ameritrade gives you a lot on the web as well. They give you real-time performance data, and it will monitor your overall market risk. They will also give you advanced trade analyses with tools to evaluate the volatility of each investment (in addition to the probability for success). TD Ameritrade even offers a live video stream of CNBC Plus, which can give you a wealth of information on the market.

Customer Service

When it comes to servicing its customers, TD Ameritrade doesn’t miss the mark. They offer phone and e-mail, and live chat support. And no matter which one you choose, you will get a response quickly. Their handling time is very low, and they have very helpful agents. E-mail inquiries are responded to within 24 hours. You can even walk into a branch office to get a free “investment checkup” whenever you need to. Not to mention, they have great educational tools to help you learn the basics of trading on the market.

Final Thoughts

As you can see, TD Ameritrade has a lot to offer – that is, if you don’t mind the higher price tag. Experienced investors will find tremendous value in the tools they have available, as there is more investment data than you can shake a stick at. Even if you are just starting out might find it useful as well, as they can give you the knowledge you need to help you get started.