TD Ameritrade Review

If you want to invest with TDAmeritrade.com then you should read this TD Ameritrade review, The professional forex investors and financial advisors at Fxstay have reviewed multiple financial investment brokers and trading platforms for the convenience of clients and visitors to its website.  Additional Reviews can be perused on the ForexSQ website which include the following TD Ameritrade review.

TD Ameritrade Review By Fxstay

TD Ameritrade has a very long history in the brokerage arena and has proudly served investment clients around the world for over 40 years.  Founded in 1975 under the name First Omaha Securities, Inc. the firm was one of the first to offer discounted broker commissions after the Securities and Exchange Commission (SEC) eliminated the industry practice of fixed brokerage commissions.   

TD Ameritrade employs actor Sam Waterston as its company spokesman and its radio, television and online advertising reaches millions of investors around the world.  TD Ameritrade currently serves over 6 million investment clients in the United States and is one of the biggest online investment brokerages.   

TD Ameritrade maintains an Internet presence through its TDAmeritrade.com website, as well as satellite offices in over 100 locations around the world for the convenience of its clients. 

The trading activities of TD Ameritrade are overseen by the SEC, as well as the Securities Investor Protection Corporation (SIPC) and the Financial Industry Regulatory Authority (FIRA), all of which are regulatory agencies designed to protect investors from questionable or illegal investments and unethical broker practices.

TD Ameritrade History and Innovative Firsts 

During the decade between 1980 and 1990, TD Ameritrade was busy developing innovative technology to make financial investments easier, faster, more efficient and more accessible to traders around the world.  The firm was the first to introduce touchtone trading over the telephone in 1988 and acquired K Aufhauser & Co in 1995 which enjoys the status of being the company that transacted the very first online trade in 1994.  

In March 1997 TD Ameritrade offered its Initial Public Offering (IPO) and combined its various brokerage units into one broker that proceeded to launch successful national advertising campaigns that continue today via a variety of media sources. 

Thereafter Ameritrade contributed greatly to the growth and improvement of trading experiences for individual self-directed investors whose trading options were greatly expanded with online innovations that include order entries, electronic trading confirmations via email, extended trading hours and development of the Ameritrade Online Investor Index that was the first tool of its kind to measure various behaviors of investors.   

In keeping with its ongoing tendency to lead the way in investment industry innovations, TD Ameritrade introduced the Sprint PC Wireless Web, which was the first mobile trading device and contributed greatly to its continuing rise in the booming investment industry. 

After Y2K fears abated and computers held up despite the changing millenniumTD Ameritrade introduced the first online account opening process which enabled paperless account creations and when the “tech bubble” started to burst between 2001 and 2009, TD Ameritrade acquired numerous companies that expanded its firm’s reach by adding continuing innovative technology, clients, accounts and other popular services currently offered by the firm. 

In 2003 TD Ameritrade introduced the first guarantee of trade executions within 10 seconds and later completely redesigned its website to make investing more flexible for traders with the use of streamlined tools and trading processes that have since become industry standards, including “SnapTicket” and “Trade Triggers,” which offer trading solutions to enhance its TDAmeritrade.com website and the services offered through it. 

In 2006 the brokerage firm acquired TD Waterhouse USA which made it one of the biggest online discount brokerages in the United States.  This acquisition enabled the firm to focus more on long term investments, financial guidance and gathering of assets using nationwide branch networks that offer college savings accounts, Roth and Traditional Individual Retirement Accounts (IRAs), along with valuable tools like the asset allocation guide and Portfolio Planner.   

In 2009 TD Ameritrade acquired another company known as the “thinkorswim Group,” which added additional innovative technology and sophistication to the firm’s trading platform and provided opportunities for expansion into more trading options on futures and forex trading.   

TD Ameritrade introduced mobile trading devices in 2010 for a variety of handheld mobile devices and launched its streaming web based platform called “Trade Architect” in 2011 which combined the best features and tools of thinkorswim and TD Ameritrade to provide clients with the utmost trading experience.   

Today, TD Ameritrade provides investment and trading services to millions of clients around the world using its simple, straightforward pricing, educational services and innovative trading tools and features that every level of investment trader can appreciate.

Broker Compatibility 

TDAmeritrade.com is a web-based platform that requires no hardware or software installations.  The thinkorswim platform is a desktop application that does have to be installed on a client’s computer and TD Ameritrade apps are available for a variety of handheld mobile devices.

Trading Platforms 

TD Ameritrade provides several platforms for use in trading financial assets that include its own website, Trade Architect, thinkorswim and mobile apps. 

TDAmeritrade.com 

The firm’s web-based platform provides a variety of investment asset choices and valuable tools that include screeners, alerts and customizable trader work space.   

Trade Architect 

Trade Architect is a powerful and innovative tool offered by TDAmeritrade.com that helps its clients identify possibly lucrative investment opportunities using valuable informative tools and streaming news feeds.  Demo Trade Architect Accounts are available.   

Thinkorswim 

The thinkorswim platform is one of the most advanced in the industry and features sophisticated trading tools and analytical resources for efficient trading strategy execution. Demo thinkorswim accounts are also available.   

TD Ameritrade App 

TD Ameritrade offers two different mobile applications for use by its clients which are the TD Ameritrade Mobile that was specifically designed for novice or casual investors and the TD Ameritrade Mobile Trader which was designed for more experienced and active traders. 

Some functionality features could ideally be shared between the two mobile apps for more efficient trading, but both are available for a variety of handheld mobile devices, including Androids, iPhones and other Smartphones and electronic devices.  To know more about the broker mobile trading platform visit “ForexSQ.comTD Ameritrade review page.

Account Types 

TD Ameritrade offers clients several different types of accounts, which are Standard, Retirement, EducationSpecialty and Margin Trading Accounts. 

Standard Accounts 

TD Ameritrade Standard Accounts offer several options that include Individual, Joint Tenants with Rights of Survivorship (JTWROS), Tenants in Common, Community Property, Tenants by the Entireties and Guardianship or Conservatorship.  

  • Individual Accounts are standard brokerage accounts with only one owner. 

  • JTWROS Accounts have two or more account owners and each person has an undivided interest in the property 

  • Tenants in Common Accounts have two or more account owners and each person owns a specified percentage of the entire property. 

  • Community Property Accounts are owned by two married people who acquired the property during the course of the marriage (with exceptions).  Community Property Accounts are allowed in nine U.S. states, including Arizona, California, Idaho, Louisiana, New Mexico, Nevada, Texas, Washington and Wisconsin.  U.S. citizens who reside in Puerto Rico can open this type of account, but non-resident aliens are not allowed to open Community Property Accounts. 

  • Tenants by the Entireties Accounts are also owned by two married people and non-resident aliens cannot open this type of account.  The following U.S. states allow this type of trading account: Alaska, Arkansas, Delaware, Florida, D.C., Hawaii, Kentucky, Maryland, Massachusetts, Michigan, Mississippi, Missouri, New Jersey, Oklahoma, Pennsylvania, Rhode Island, Tennessee, Vermont, Virginia and Wyoming. 

  • Guardianship or Conservatorship Accounts hold the assets of the account owner who is usually a minor or adult individual who is incapable of managing their own affairs.  Investment decisions with these types of accounts are made by a court appointed guardian or conservator.

Retirement Accounts 

As with its Standard trading Accounts, TD Ameritrade offers several options for Retirement Accounts that include Traditional IRA, Roth IRA, Rollover IRA, SEP IRA, Solo 401k (for small business owners), Simple IRA and Pension or Profit Plans. 

  • Traditional IRA Accounts are available with no income limits for people under the age of 70 ½ by the end of the calendar year in which the account was opened and the account holder must have earned income or have a spouse with qualified earned income.  This type of Retirement Account provides immediate tax relief since contributions are often tax deductible.  Traditional IRA Account owners can deposit up to $5,500 into their IRA accounts each year and individuals who are over the age of 50 can contribute an additional $1,000 per year.  Distributions have to be started by April 1 of the year after the account owner reaches the age of 70 ½ years, but can be taken without penalty starting at age 59 ½, although those withdrawals will be taxed at current rates.   

  • Roth IRA Accounts differ from Traditional IRA Accounts in that anyone eligible for this type of Retirement Account has to meet the same annual deposit requirements but those contributions are not tax deductible.  Since these funds have already been taxed, Roth IRA Account holders can build tax free earnings, contributed funds can be withdrawn at any time and there are no required withdrawals after the age of 70 ½.  Roth IRA withdrawals are free from federal taxation only if the account owner is purchasing a first home, the Roth IRA has existed for at least 5 years, account owner is 59 ½ older or the account holder has become disabled or passed away.   

  • Rollover IRA Accounts are designed for account owners to consolidate retirement savings by rolling over old 401k accounts into one account with TD Ameritrade.  This makes managing retirement funds more convenient and provides a wide range of investment assets with tax deferred status.  Traders interested in this type of IRA should contact the Plan Administrator. 

  • Simplified Employee Pension (SEP) IRA Accounts are designed for use by self-employed people to receive employer contributions from small companies that provide simple administration, no annual funding requirements, flexible contributions and no employer tax filings. To be eligible for this type of account, you must be at least 21 years of age, have earned at least $550 during the year and have been employed 3 out of the past 5 years  SEP IRA Accounts must be funded prior to the date of the employer’s tax return (including any extensions) and contributions can vary year to year but all contributions are reported in the same tax year as they were made on tax form 5498. 

  • Solo 401k Accounts are designed for self-employed people or business owners with no employees other than family members.  This type of retirement account offers high contribution limits and flexible investment options that enable owners to maximize their personal retirement accounts and business deductions. These type of Retirement Accounts are suitable for small businesses that realize profits in an irregular, unpredictable manner.  

  • Simple IRA Accounts are easy to administer, salary-deferred and are designed for businesses that realize steady, predictable income and have fewer than 100 eligible employees who want to contribute to some sort of retirement plan and are not participating in any other retirement plans.  Employee participation is optional, but employer participation is mandatory.  Employees can contribute 100% of their earnings into a simple IRA Account (maximums change from year to year) or nothing at all and employers match employee contributions dollar for dollar up to a maximum of 3% of annual earnings (which can be reduced to 1% in any two of five years).  Compensation caps and maximum amounts change from year to year according to IRS guidelines. 

  • Pension or Profit Plan Accounts are tax free trust accounts that are available for self-employed individuals or companies and include 401k, Keogh, Profit Sharing Plans, Defined Benefit Plan, Defined Contribution Plan and Retirement Trust, Client Profiles, Cash, Cash and margin, Cash and Option, Cash, Margin and Option (which are specified in the Plan document provided by the Plan Administrator to TD Ameritrade).

Education Accounts

TD Ameritrade offers Education Accounts to help investors save tax-deferred money for their kids’ college educations that include 529 Plans, Coverdell Education Savings Accounts and Custodial Uniform Gift to Minors Act (UGMA)/Uniform Transfer to Minors Act (UTMA) Accounts.

  • 529 Plans are designed to meet the needs of every family and budget for saving money for college educations of beneficiaries.  There are no minimum annual contribution requirements and choices may be limited and vary between plans and states, details of which are outlined in the Plan’s enrollment handbook.  

  • Coverdell Education Savings Accounts are created to save tax-deferred money for higher education expenses that include tuition, books and uniforms. Contributions are not tax deductible and can be made by people under the age of 18 with maximum contributions of $2,000 per year.  Distributions from these type of college savings accounts may be tax free but must be used only to pay for qualified higher education expenses.  Coverdell ESAenable traders to invest in a wide variety of financial assets, including stocks, bonds and mutual funds. 

  • Custodial Uniform Gift to Minors Act (UGMA)/Uniform Transfer to Minors Act (UTMA) Accounts make it simple to transfer property, cash or other security to a minor without the need to establish a formal Trust and without restrictions as to the guardianship of a minor’s property.  Gifts to these accounts become the irrevocable property of the minor for whom the account was established  Assets in these types of accounts are controlled by a custodian until the minor reaches the age of majority in the state in which the educational savings account was established.  These types of custodial accounts are not tax deferred and are taxed at the minor’s tax rate.

Specialty Accounts 

TD Ameritrade offers several Specialty Accounts that include, Trusts, Limited Partnerships, Investment Clubs, Limited Liability, Sole Proprietorship, Corporate, non-Incorporated and Small Business Plans.

  • Trust Accounts allow owners to transfer assets to one or more people (Trustees) who maintain legal ownership of the transferred assets and manage them for the benefit of the account owner or beneficiaries designated by the account owner. Investors interested in Trust Accounts must first have a lawyer create the Trust after which they can open a taxable living, revocable, irrevocable or testamentary trust account with a broker.  

  • Limited Partnership Accounts are offered to legally established limited partnerships between at least two people who operate a for-profit business enterprise, where at least one partner bears unlimited liability, while other partners are only liable to the extent of their personal investments.    

  • Partnership Accounts are offered to two or more people who have established a legal partnership agreement to operate (as co-owners) a for-profit business enterprise.  Partnership Account funds are not subject to taxation but the gains are reported on the personal income tax returns of the parties comprising the partnership. 

  • Investment Club Accounts are established by groups of people who pool their investment funds to invest in various securities, most of which are formed as legal partnerships which means that capital gains and losses are reported on the individual income tax returns of the parties comprising the partnership or club. 

  • Limited Liability Accounts are offered to legally established limited liability companies (LLCs) and provide some of the benefits of a partnership or corporate account in that the taxes are reported on the individual income tax returns of the parties comprising the partnership.  With these types of accounts liability is limited to the owner’s investment and the states of Massachusetts, South Dakota and Wyoming require at least two or more members for establishing these types of accounts. 

  • Sole Proprietorship Accounts are established by a single-owner business that is not incorporated and where the owner and the company are considered a single entity for liability and tax purposes. 

  • Corporate Accounts can be opened by for profit and non-profit legal entities that have been authorized by any state and usually consist of a group of numerous individuals.  The corporation is able to acquire assets, enter into contracts, sue or be sued and report earnings and pay taxes in their own corporate names. 

  • Non-Incorporated Accounts are opened by organizations that are not incorporated and operate as non-profit entities and, therefore, lack the powers and immunites afforded to an incorporated business enterprise. 

  • Small Business Plan Accounts are specifically designed for small businesses that enable employees of small organizations to save money to help provide for their own financial futures.

Margin Trading Accounts 

Using proper risk and money management strategies, Margin Trading Accounts can enhance investment potential by allowing account holders to borrow money from TD Ameritrade to purchase marginable assets using securities held in their accounts as collateral for the loan on which they pay interest.  

Commissions and Fees 

 TD Ameritrade offers temporary commission free option promotions, but commissions are typically $9.99 on stocks, options and Exchange Traded Funds (ETFs), $34.99 for Interactive Voice Response (IVR) trading over the phone and $44.99 for broker assisted transactions.  A detailed commission and fee schedule can be found on the firm’s website.

 Promotions and Bonuses 

 TD Ameritrade offers varying promotional opportunities to temporarily trade commission free.  The requirements are as follows:

  • Minimum account deposit of $3,000 allows for free trades over a period of 60 days. 

  • Minimum account deposit of $25,000 to $99,999 allows for 60 days of free trading plus a $100 bonus. 

  • Minimum account deposit of $100,000 to $249,999 allows for 60 days of commission free trading with a $300 bonus. 

  • Minimum account deposit of $250,000 or more allows for 60 days of commission free trading and a bonus of $600.

Deposits and Withdrawals 

Account holders may deposit funds into trading accounts using electronic fund transfers (ETFs) from banks and other financial institutions, wire transfers and checks.  Fund withdrawals are transacted using the same methods but withdrawal details vary between different types of investment accounts. 

Education Center 

Investors who open trading accounts with TD Ameritrade will gain access to its Education Center that offers a wide variety of educational materials designed to enhance trading experiences for every level of trader. Multiple topics can be researched using a combination of informative courses, videos, assessments and customized educational curricula. TD Ameritrade’s “Essentials” option allows traders to choose their level of learning (Rookie, Scholar or Guru) and quickly access a plethora of information regarding stocks, mutual funds, ETFs, options, futures, portfolio management, fixed income scenarios, expert analysis and more.  

Safety and Risk Management 

TD Ameritrade is licensed and overseen by the Securities and Exchange Commission (SEC) of the United States, as well as the Securities Investor Protection Corporation (SIPC) and the Financial Industry Regulatory Authority (FIRA), all of which are known to be some of the strictest regulatory agencies in the world.

Customer Support Service 

TD Ameritrade customer services are exceptional since it maintains a professional staff of customer service representatives that are available 24/7 via telephone, email or live chat, as well as at any TD Ameritrade location of 126 satellite offices throughout the United States.  

TD Ameritrade Login

For login to TDAmeritrade broker you can visit the broker website, After sign up you can check your email and do TD Ameritrade login.

Conclusion 

To open a free demo account visit the TD Ameritrade broker review page at “Topforexbrokers.com”, TD Ameritrade offers its account holders a wide selection of investment products that include futures, forex, equity funds, bond funds, international and commodity funds that offer the opportunity for commission free trades and reasonable expense ratios for creating a diversified and successful investment portfolio. 

The firm offers free educational materials to research, formulate, place and follow successful trades that would cost extra at a lot of other online brokerage firms.  These tools include streaming CNBC news feed, market analyses from Morningstar, S&P, Capital IQ and MarketEdge.  Traders can also speak (at no additional charge) to one of the firm’s trading specialists in person at one of over 100 satellite office locations or over the phone.  Account holders can also access the firm’s MyTrade social community, as well as invaluable demo accounts that allow virtual trading to test strategies without actually risking any money. 

TD Ameritrade offers several trading platforms, one of which was recently revamped to include a fully customizable interface which strengthened its functionality and enhanced trading capabilities for every level of trader.  The firm offers an all-encompassing education center, trading tools, streaming market news and mobile applications for a variety of handheld mobile devices.   

Low minimum account deposit requirements on some types of accounts enable new investors to start trading with limited risk, which makes TD Ameritrade the best choice overall for newbies. 

The company offers options for temporary commission free trading, but otherwise charges $9.99 per trade, which is higher than most discount brokerages.  And if a trader needs the assistance of a professional broker, that’s gonna cost $44.99.  Traders must hold short term ETF funds for at least 30 days or be charged a trading fee of $19.99, which is standard in the industry but higher than most brokers charge. 

Overall, TD Ameritrade offers everything needed to research, formulate, place and track trades of a variety of assets in American marketplaces. The firm does not offer foreign investments and only provides options on American based stocks, bonds, etc.

Although commissions and fees are higher than normal, TD Ameritrade has a great reputation, excellent customer support services and a variety of account types for every type of investor or other individual interested in growing earnings through investments, Wikipedia says. You can download TDAmeritrade Android app or Apple iTunes IOS application for mobile trading.

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