TD Ameritrade

Rating: 0.8 / 5

TD Ameritrade is a US-based broker but, unlike most of its US counterparts, it accepts international clients. Founded in 1971 as Ameritrade, in 2006 the company acquired TD Waterhouse from the Canadian financial conglomerate, Toronto-Dominion Bank, which granted it a 40% minority stake. In 2020, the Charles Schwab Corporation acquired TD Ameritrade, which gave Toronto-Dominion Bank 13% ownership of Charles Schwab. The acquisition created an online brokerage powerhouse in the US. TD Ameritrade has over 12,000,000 client accounts worth over $1.2 trillion, and more than 2,100,000 trades are performed each day. Traders have access to the proprietary thinkorswim trading platform, with tens of thousands of assets across multiple sectors and a focus on equity, ETF, and mutual funds.

TD Ameritrade Website Screenshot

Broker Details

Headquarters
United States
Established
1971
Min Deposit
$50
Execution
ECN/STP, Market Maker

Trading Conditions

Trading Hours
Currency PairsMonday 00:00 - Friday 23:00
CryptocurrenciesMonday 00:00 - Friday 23:00
CommoditiesMonday 00:00 - Friday 23:00
Crude OilMonday 00:00 - Friday 23:00
GoldMonday 00:00 - Friday 23:00
MetalsMonday 00:00 - Friday 23:00
Equity IndicesMonday 00:00 - Friday 23:00
Stocks (non-CFDs)Monday 13:00 - Friday 24:00
BondsMonday 13:00 - Friday 24:00
ETFsMonday 13:00 - Friday 24:00
OptionsMonday 00:00 - Friday 23:00
FuturesMonday 00:00 - Friday 23:00

Trading Costs & Spreads

EUR/USD
1.4 pips ($14.00)
GBP/USD
1.3 pips ($12.00)
Gold
Undisclosed
Bitcoin
Undisclosed
WTI Crude
Undisclosed

Platform & Features

Trading Platforms
Proprietary platform, Web-based

Pros

  • Good educational content
  • Great research
  • Low fees
  • Free stock / ETF trading

Cons

  • No cryptocurrencies

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