TD Ameritrade Review – Top IRA Provider

Joseph Meyer
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About TD Ameritrade

TD Ameritrade is a brokerage firm that was established in Omaha, Nebraska and now maintains multiple offices throughout the United States. Since its founding in 1975, TD Ameritrade has grown into one of the most popular financial institutions in the country. Customers love Ameritrade especially because of their wide selection of banking and investment products and their helpful customer service agents.

TD Ameritrade Features and Benefits

You can’t talk about TD Ameritrade without talking about its unmatched user experience. TD Ameritrade has made trading easier and more accessible than any other brokerage. You can find all the resources you need to start trading in one easy place, whether that’s video tutorials, webinars, or the brokerage’s industry-leading trading platforms.

TD Ameritrade makes it easy to invest online. You can purchase stocks with a few simple clicks using the broker’s trade platforms. You can even place a trade with their mobile app. Mobile trading is just one of the reasons why TD Ameritrade is consistently ranked as the best online brokerage.

It doesn’t cost much to start trading with TD Ameritrade. One of the things that makes the brokerage stand out is the low cost. TD Ameritrade offers a commission-free ETF platform. You can actually move your money into an S&P 500 index ETF for free.

TD Ameritrade has partnered with E-Trade to provide access to international markets. If you’re looking to trade in markets outside the U.S., it’s easy to do that on the trade platforms at TD Ameritrade.

TD Ameritrade is a top rated IRA provider. The brokerage earned four stars from J.D.

TD Ameritrade Tools and Calculators

TD Ameritrade is one of the premier discount brokerage firms in the industry, and its retirement planning tools and calculators are among the most comprehensive around. The company offers an array of investment services, including trading technology, research tools, and investment guidance and education. While the company’s trading technology may not be quite as comprehensive as another broker, the real story is TD Ameritrade’s strength in all other areas of retirement investing services.

TD Ameritrade firmly believes in educating investors in financial literacy, providing a host of free online tools and resources, as well as producing its own financial education content and tools. It’s a refreshing change from other brokers, and other big investment companies for that matter, that charge a lot of money for their financial education materials.

Here are 10 of TD Ameritrade’s best tools and calculators for retirement planning.

Retirement Income Calculator

TD Ameritrade Fees

Whilst it is possible to trade stocks, options, futures, and mutual funds without paying commissions, this is not optimal for most investors. The New York Stock Exchange requires all professionals to have a minimum amount of capital, and this amount of capital rises as volatility increases. Everything else being equal, if you want to have proper diversification you should invest in more asset classes than the minimum. Because of this, you will likely be a net seller of stocks, and on top of that you will likely be required to pay broker fees per trade. That being said, having a brokerage account will save you a lot of money on mutual funds and ETFs, since most mutual funds and ETFs charge sales loads.

TD Ameritrade Caveats

First, about the customer service. We all know that no one has the best customer service in their industry but TD Ameritrade is definitely one of the better ones. I’m not going to go on and on about how great they are, because you can check out all their reviews on Google to see just how well their customer service agents and financial advisors treat their clientele.

TD Ameritrade has a great online interface with most of the same features that you’d find on your traditional investment site, like Wealthfront or Betterment. The difference with TD Ameritrade is that they have traditional advisers that manage your money. If you’re just getting started, this could be a huge plus.

TD Ameritrade also has a pretty easy account opening process. This is key for those who have never invested before. Also, TD Ameritrade has a decent number of account options that suit all different kinds of investors. I’ve reviewed other popular investment sites like Wealthfront and Betterment, and TD Ameritrade is by far the best option for anyone who’s looking for a more hands on experience and to have access to the actual financial advisers in case you need additional help.

Will TD Ameritrade Work for You?

Overall, TD Ameritrade is a solid brokerage offering. While it’s best known as an investment firm, the firm offers a diverse array of banking, trading, and investing solutions. But what does all this mean to you? This is a brokerage review, and there’s an old Wall Street saying that you should never believe a sales person. Ideally, you should consider the information below objectively and make your own decision.

Trading Tools

One of TD Ameritrade’s biggest advertising points is the diversity of its trading tools. If you’re looking for a brokerage that’s going to help you find your way on the trading landscape, this is a great place to start.

The firm offers everything from automatic trading to virtual trading. This is just the tip of the iceberg. TD Ameritrade also offers sophisticated trading tools that include real-time streaming quotes as well as advanced charting options. Traders can even create custom-made trading stations that help fit the tools to their needs. The firm also offers education resources to help you gain a better understanding of the market and how the trading tools can help your trading strategies.