TD Ameritrade is one of the most popular online trading platforms globally, the desktop trading software thinkorswim is also SlashTraders' favourite trading tool.
Charles Schwab just completed the merger with TD Ameritrade in October 2020 to unite around $6 trillion in assets and 28 million brokerage accounts. While the complete integration of the two companies may take 18 to 36 months. TD Ameritrade would continue to operate as a stand-alone company before the integration is complete.
Here is our TD Ameritrade review based on our experiences in using and thinkorswim, so you are more informed when choosing an online trading tool.
Contents
Powerful Trading Analysis Tools
TD Ameritrade has a full-featured online trading user interface, that allows users to invest in a diverse range of products.
What truly differentiates TD Ameritrade as a must-have tool for SlashTraders is the desktop trading tool, thinkorswim. Not only does thinkorswim let you add customised charting tools such as Bolling Bands and Moving Averages, you can also create your own analysis tool with thinkScript, to create algorithms that simplies your trading decisions.
thinkorswim's Analyze tab is connected to Trefis to show estimates of a stock's fair price, so we can see instantly whether any particular stock is overvalued or undervalued, and we can choose a strategy accordingly.
The best part about thinkorswim is the feature to share any customisation of workspace, chart analysis, watchlists, with friends as short urls, so you and your friends can analyse stock trends for high probability trades using the same tools, same stock scanners and watchlists.
thinkorswim also provides 3 professional backtesting features to help us analyse the profitability of a trading strategy using historical data.
What Are the Fees for TD Ameritrade?
TD Ameritrade's fees include $0 commissions for stock and ETF trades, but it charges $0.65 commission to open an option contract, but $0 to close.
A Wide Range of Investment Products but No Cryptocurrency
TD Ameritrade account holders can trade most popular investment products, such as stocks, options, ETFs, bonds, futures, forex, mutual funds, but cannot trade cryptocurrency or any securities listed outside the US and Canada.
A Complete Set of Educational Resources
Not only does TD Ameritrade have a great range of investment products, but it also has a complete set of educational resources to turn any newbie investor into a seasoned trader.
TD Ameritrade provides more than 200 educational videos, related quizzes and lessons, it also provides hundreds of webcasts every month. TD Ameritrade's official Talking Green podcast and YouTube channel are also great resources to educate TD Ameritrade users.
What Kind of Investor Would Love TD Ameritrade?
TD Ameritrade is suitable for anyone who loves to self-educate through research and guided tutorials. From basic US stock trading and ETFs, to trading bonds, funds, options and futures, you might get overwhelmed with the number of investment choices at the beginning, but you will soon get the hang of everything once you go through the related lessons. You will find a trading style that suits your temperament and work towards generating a steady passive income.
If you happen to create a group of like-minded investors, you can even share analysis tools to make your discussions easier and shorten the learning curve even further.
Complete Guide to Opening a TD Ameritrade Account
Here are the steps to applying for a TD Ameritrade account, so you can successfully open a Margin account that lets you trade options.
Unbox the SlashTraders Strategies That Outperform the S&P 500 by 450%
Thank you for sharing this review, it seems to tick all the right boxes.
I'm also a big fan of Demerit securities.
Thank you for recommending TD Ameritrade
Thanks for sharing your experience with TD, and I've learned a lot of useful options from other articles.
Thanks for such a useful td analysis
I'll open an account right away.
Thank you for sharing, I also think thinkorswim is superb!
Yeah, we can use thinkscript to set up new analytics tools in thinkorswim to help us find the highest probability trades!
I also love TD Ameritrade!
I look forward to your analysis of the pros and cons of IB trading as well.
Thank you for your advice, I'll organize the IB operation tips in the future as well!
I personally love trading with TD, thanks for sharing your experience!
Yeah, TD is one of the most professional US stockbrokers.
Nice TD Ameritrade review!
It is also my go-to platform to trade options.
Thank you
I love thinkorswim, the custom studies are especially useful to add additional chart analyses to help me trade
You are right, adding custom studies to the thinkorswim makes trading decisions so much easier and automatic
I've been using TD for a few months now and really like the platform's teaching resources.
Great for newbies who want to learn on their own!
Yes, both newbies and veterans can learn from TD's program!
If you have any investment tips, please feel free to share them with us.
Thank you for your detailed sharing, so that people who don't know English can also invest in U.S. stocks.
Thank you for your support.
How is TD different from other trading platforms such as IB and Firstrade?
We feel that TD's PC version of the software thinkorswim is more powerful for chart analysis, and you can also write your own favorite analysis software to optimize the graphic indicators.
Thanks for sharing your TD experience, but it's been two months since I opened my account and it's still not ready, do you have any suggestions to speed up the process of opening an account?
Recently, I happened to discuss this topic with my friend, who also opened an account with TDA and waited for a couple of months without any interest, so I called the customer service after three days.
For your information.
I love TD Ameritrade's educational resources, especially the podcast series that I can listen to while I drive.
I agree, it's very thoughtful for TD Ameritrade to provide so much educational content across different media channels to suit anyone.
Thanks for sharing TD's tips, I'm going to open an account right away!
I'm glad the article was helpful, please let us know if you have any questions!