Unlike OptionsHouse, you will be hard-pressed to find somebody that does not know about TD Ameritrade. By far, one of the most popular online discount stock brokerages, TD Ameritrade has gotten the rap for being the “conservative” place to start investing with.
Along with E*Trade, TD Ameritrade is known for their “one-stop shop” mentality. The tools and resources available to members are far and away more bountiful than most other discount brokerages.
Tired of scanning? TD Ameritrade boasts a new pattern matcher that will compare stocks with textbook trading pattern in just a matter of seconds. On top of that, members have access to extremely detailed oriented platforms that are both streaming and PC based.
TD Ameritrade also works hard to align themselves with third party developers to create even more solutions. Thanks to their open API system, there are plenty of mobile stock trading applications that will allow you to access your TD Ameritrade account from anywhere and anytime.
If you are looking for educational support, TD Ameritrade also hosts several night classes that allow you to learn about different trading strategies all from the comfort of your home and at no extra cost.
Stock Brokerage Details
Commissions: Stocks $9.99 per trade; Options $9.99 +.75 per contract
Account Minimums: $0
Account Types: Individual , Corporate, Roth IRAs, Sep IRAs, Traditional IRAs, Joint , UTMA/UGMA , Trusts, Partnerships, Investment Clubs, and Educational IRAs.
Overall, TD Ameritrade offers a wide-variety of solutions that will allow you to maintain full control of your investments from one account, if you choose to do so. On the other hand, more experienced traders may prefer cheaper commissions somewhere else over the extra bells and whistles provided by TD Ameritrade.
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