TD Ameritrade ABOUT:
TD Ameritrade was founded in 1975, originally named First Omaha Securities. With currently over 6 million customers in the United States, it is one of the largest online brokers.
It has a long history in the brokerage industry. This is one of the biggest and oldest names in online brokerages. It is also among the priciest at a flat fee of $6.95 per trade.
TD Ameritrade is a brokerage firm based in Omaha and provides services for individuals and institutions that are investing online. The company offers an electronic trading platform for the purchase and sale of financial securities. Such as stocks, futures contracts, exchange-traded funds, options, mutual funds, and fixed income investments.
It also provides margin lending, and cash management services.
Ameritrade develops and provides innovative brokerage products and services. They are tailored to meet the varying investing and portfolio management needs of individual investors and institutional distribution partners.
Through its brokerage subsidiaries, it provides a dynamic balance of investment products and services that fit the changing needs of investors. The company’s full spectrum of services for the individual investor includes a leading active trader program.
Such as long-term investor solutions, including a national branch system. As well as relationships with one of the largest networks of independent registered investment advisors.
Official website: https://www.tdameritrade.com/home.page
PLATFORM:
TD Ameritrade is a well-known and popular stock trading platform. It provides powerful software for traders of all levels, includes some of the best trading tools and has recently lowered its pricing. It is a good option for experts and beginners.
Its think-or-swim platform is expansive but also well organized.
Thinkorswim is a software product by TD Ameritrade that offers tools and educational services for online investing. It is geared for self-directed stock, options and futures traders.
It is easy for use, you can find securities and add them to a watchlist or buy them very quickly. TD Ameritrade’s platform comes with a variety of premade watch-lists. You can make trades directly from these watches-lists. Also, it has a powerful search function that allows you to search for stocks by industry.
You can also create alerts for multiple scenarios and price ranges, a useful tool that can help you quickly move on price movements.
Thinkorswim includes a customizable dock, which is always visible and provides the tools and information to spot market opportunities and implement stock trading strategies.
The command center screen brings all your important information together in one place.
Thinkorswim is designed for advanced traders who want complete flexibility and depth. Furthermore, it offers simulated trading. Traders can use with no minimums or specific trade criteria for access.
Hence, this is an important advantage.
FREE DEMO ACCOUNT:
Great tool offered by TD Ameritrade is the paper money account.
This is essentially a stock market simulator that gives you a certain amount of fake money to practice trading.
This is doubly useful as it allows you to both learn the platform and test trading strategies before you start using your own money.
WITHDRAWAL:
If you want to move money out of a securities account at TD Ameritrade, the broker provides several methods to accomplish just that.
First, there is an electronic (ACH) service. It is free and takes between one and three business days to complete. There is a convenient online form where an external bank can be linked to a TD Ameritrade brokerage account.
The broker imposes a $250,000 daily maximum on this service. The cutoff time is 4:30 pm, EST.
The next option for moving a cash balance out of a TD Ameritrade account is a wire transfer. This service is a little quicker than the ACH method.
A wire takes one business day. There is a $25 charge for the wire, and the receiving institution may charge its own fee.
Unlike the first option, the wire service has no daily maximum. The cutoff time is a little sooner—3:00 pm, EST. Before submitting an outbound wire request, you’ll need to add a bank account to your TD Ameritrade securities account.
CUSTOMER SUPPORT:
They are available 24/7, you can use the phone or email or web contacts.
On every communication channel, you will have contact information. And you’ll get financial advice and other customer service issues.
They said about TD Ameritrade
* They understand their customers and the value of a high-quality user experience.
* TD Ameritrade makes up for higher-than-average trading commissions with better-than-average service, research, and trading tools that will make everyone from beginner investors to active traders happy.