TD Ameritrade Stock Brokerage Review

Updated November 7, 2009. While TD Ameritrade is one of the oldest and most trusted stock brokerage service around, has it become outdated?

We will keep this review pretty simple… If you are willing to pay higher commissions for amazing tools and resources, then TD Ameritrade is the place to be. TD Ameritrade is where I opened my first brokerage account, so I know.

Awards and Accolades

• BEST in ‘trading tools’ by SmartMoney’s 2009 Broker Survey
• Number 1 broker by Barron’s in 2007

Commissions and Pricing

• Stock trades are at a flat rate of $9.99
• Options trades are $9.99 plus 75 cents per contract
• No inactivity fees
• Minimum of $2,000 to open account

Details and Summary

It seems that the only problems I ever hear of TD Ameritrade are from active traders. If this is you, then you might want to look elsewhere. That being said, TD Ameritrade is a prime solution for long-term traders and those looking to host their retirement accounts somewhere.

Just remember that with good services come higher commissions.

Pros

• An abundant amount of tools for every type of trader
• Over 13,000 mutual funds to choose from
• Free educational webinars
• Compatible with numerous mobile trading applications

Cons

• Expensive commissions
• Slow support
• Not great for active traders

If you’re looking for an established, safe, and secure online brokerage that will help you grow your long-term wealth, then check out TD Ameritrade. Just remember that with good services come higher commissions.

What to do next - Sign up for TD Ameritrade here

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