Investment options, features and more

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You may remember TD Ameritrade in the news in 2020 when Charles Schwab took over the powerful brokerage platform. While we don’t know exactly what it will look like when the two companies officially unite in 2023, TD Ameritrade has distinguished its clients for a few reasons.

Today, TD Ameritrade offers something for almost every trader. Those who are looking to be more Laissez-faire can invest in mutual funds, while more active traders may opt for day trading and buying options and/or futures.

TD Ameritrade is the number one choice of many investors due to the broker’s high quality research, trading tools and expert advice when it comes to building a diversified portfolio.

Below, select TD Ameritrade’s current offering reviews to provide you with details on investment options, features and fees so you can decide if it’s a good fit for your needs.

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TD Ameritrade Review

TD Ameritrade

Information about TD Ameritrade was collected independently by Select and has not been reviewed or provided by TD Ameritrade prior to publication.

  • Minimum deposit and balance

    The minimum deposit and balance requirements may vary depending on the investment vehicle chosen. There is no minimum to open a TD Ameritrade brokerage account; A minimum investment of $25,000 for selective managed portfolios and a minimum investment of $250,000 for personal managed portfolios

  • Outlay

    Fees may vary depending on the investment vehicle chosen. There is no commission for trading stocks, ETFs and options; There are no transaction fees for hundreds of mutual funds; Managed portfolios charge an annual advisory fee: 0.75% to 0.90% for the first $100,000 for selective portfolios and 0.60% to 0.90% for personal portfolios (each, fees vary by portfolio and investment amount)

  • bonus

  • investment vehicles

  • investment options

    Trade stocks, bonds, mutual funds, ETFs, options, IPOs, futures, forex, margin and cryptocurrencies

  • unexpected events

    Interactive courses and webcasts

Positives

  • No commission for trading stocks, ETFs and options
  • No transaction fees for hundreds of mutual funds
  • Large group of mutual funds
  • Easy to use trading platform
  • Automated investment through managed portfolios (minimum required)
  • Thinkorswim® Professional trading platform for serious traders
  • Educational resources, including articles, videos, webcasts, in-person events, and the Talking Green podcast
  • POWERFUL MOBILE PLATFORM
  • Excellent customer service

Negatives

  • Managed portfolios require a high minimum investment and charge an annual advisory fee
  • No bonus for new customers
  • Some mutual funds charge high commissions
  • Not all free research may be relevant to novice investors

investment options

Features

Outlay

minimum

Editorial note: The opinions, analyses, reviews or recommendations in this article are those of the editorial board alone, and have not been reviewed, approved or otherwise endorsed by any third party.

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