TD Ameritrade Review: What We Love About It

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 tillion 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.

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 quizes and lessons, it also provide 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.

Subscribe to our membership to access all the unique stock scanners and receive real-time trade alert emails.

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