TD Ameritrade Review 2020

TD Ameritrade Rated 3/5
learn more Learn more about eToro. 75% of retail investor accounts lose money when trading CFDs with this provider.
TD Ameritrade Screenshot

TD Ameritrade Guide

TD Ameritrade are an online broker founded in 2008 offering Forex trading trading, CFD trading trading, Spread Betting trading, Social trading trading, and Share Dealing trading.

TD Ameritrade are a global broker and have a head office in United States.

TD Ameritrade have a listed stock symbol. This means that TD Ameritrade have publically listed and you can officially buy shares in TD Ameritrade on one of the worlds global market exchanges.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of TD Ameritrade we break down the pros and cons. What TD Ameritrade are able to offer, what countries TD Ameritrade are available in. Who TD Ameritrade are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with TD Ameritrade

Open TD Ameritrade's Website

Your capital is at risk

At the bottom of this review you can also learn about some pretty good alternatives to TD Ameritrade

With this review we hope to help you see if TD Ameritrade is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding TD Ameritrade that will help you get off to a good start in the world of online trading.

TD Ameritrade Review Table of Contents

TD Ameritrade what you should know

TD Ameritrade offer five ways to trade: Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.

With TD Ameritrade you will need a minimum deposit of $0. You can sign up for a demo account to acquaint yourself with TD Ameritrade platform.

TD Ameritrade are able to accommodate various levels of traders whether you are experienced or a beginner.


Are TD Ameritrade safe?

When choosing a broker like TD Ameritrade the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2008, and in operation for 12 years TD Ameritrade have a head office in United States.

TD Ameritrade is regulated. This means TD Ameritrade are supervised by and is checked for conduct by the Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to TD Ameritrade, this will be honored. If TD Ameritrade violate any regulatory rules their regulated status could be stripped.

Any payments funded to TD Ameritrade accounts by traders are held in a segregated bank account.

For added security TD Ameritrade use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with TD Ameritrade. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit TD Ameritrade

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Broker tdameritrade eToro IC Markets Trading212
Year Established 2008 2006 2007 2006
Head Office United States Cyprus, UK Australia UK
Regulation Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
Used By 10,000+ 12,000,000+ 60,000+ 14,000,000+
Negative balance protection No Yes Yes
Guaranteed Stop Loss No No Yes
Learn More Visit TD Ameritrade Visit eToro Visit IC Markets Visit Trading 212
Risk Warning Your capital is at risk 75% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

TD Ameritrade Pros and Cons

What we like about TD Ameritrade

  • Used by over 10,000 traders
  • Established in 2008
  • Regulated by Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC)
  • Min. deposit from $0

What we don't like about TD Ameritrade

TD Ameritrade Financial Regulation and Supervision in more detail

We have checked and TD Ameritrade is regulated and supervised by reputable organisations. You are able to check every TD Ameritrade supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with TD Ameritrade. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect TD Ameritrade traders and provide a safe trading environment.

TD Ameritrade is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as TD Ameritrade you should be sure they're legitimate online agent.

TD Ameritrade General Fees

  • TD Ameritrade withdrawal fees varies on payment method
  • TD Ameritrade does charge inactivity fees
  • TD Ameritrade does charge deposit fees
Broker tdameritrade eToro IC Markets Trading212
Min Deposit 0 200 200 1
Withdrawal Fees 50$ Yes No No
Inactivity Fees Yes No No
Deposit Fees No Varies No
CFD Commission Fees No Yes No

TD Ameritrade Commissions

  • TD Ameritrade does charge commission on CFD instruments.

What can you trade with TD Ameritrade?

Be aware that Different entities under TD Ameritrade Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

You can trade a wide variety of instruments with TD Ameritrade over 219 instruments infact.

If you are looking at trading currency pairs TD Ameritrade offer over currency pairs.

Compare TD Ameritrade with eToro and IC Markets below.

Your capital is at risk

Broker tdameritrade eToro IC Markets Trading212
Instruments Available 219 100 232 3000
Platforms Desktop, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac Web Trader, Tablet & Mobile apps
FX / Currencies Visit TD Ameritrade Visit eToro Visit IC Markets Visit Trading 212
Forex pairs offered 50 65 177
Major forex pairs Yes Yes Yes Yes
Minor forex pairs No Yes Yes Yes
Exotic forex pairs No Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs Visit TD Ameritrade Visit eToro Visit IC Markets Visit Trading 212
Commodities Offered 0 0 19 14
Metals No Yes Yes Yes
Energies No Yes Yes Yes
Agricultural No Yes Yes Yes
Indiced & Stock CFDs Visit TD Ameritrade Visit eToro Visit IC Markets Visit Trading 212
Stocks Offered 957 100 1731
UK Shares Yes Yes No Yes
US Shares No Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes

Trading on TD Ameritrade web platforms and other applications

TD Ameritrade offer a user-friendly custom trading platform, available as a browser based web application. If you would rather see a comparison of MT4 brokers, you can so here.

TD Ameritrade also offer mobile apps, for Android and iOS making it easier to keep an eye on and execute your trades while you’re on the move.

See TD Ameritrade's platforms

TD Ameritrade Trading benefits :

  • Low min deposit

TD Ameritrade Trading Accounts Offered :

  • Demo account
  • Mini account

Can I try TD Ameritrade before I buy?

TD Ameritrade offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

TD Ameritrade withdrawal and funding methods.

Please note that the list of payment methods below depend on the TD Ameritrade Entity and the Clients Country of Residence.

TD Ameritrade offer the below funding payment methods. learn more about TD Ameritrade

Broker tdameritrade eToro IC Markets Trading212
Bank transfer No Yes Yes Yes
Credit Cards No Yes Yes Yes
Paypal No Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer No Yes No
Neteller No Yes Yes No

How can I start trading with TD Ameritrade?

When opening a trading account with TD Ameritrade, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on TD Ameritrade trading platforms here.

Performing trades with TD Ameritrade

TD Ameritrade allow you to execute a minimum of trade of $6.95. This may vary depending on the account you open. TD Ameritrade allow you to execute a maxium trade of varies.

As a market maker, TD Ameritrade may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the instruments.

TD Ameritrade Leverage and TD Ameritrade CFDs Explained

let's take a look at some of the basics of using TD Ameritrade leverage.

TD Ameritrade offer CFD are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

TD Ameritrade leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the TD Ameritrade trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The TD Ameritrade leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

TD Ameritrade CFDs are typically used for short to medium term trades. For example TD Ameritrade intraday trading.

Education resources at TD Ameritrade

To trade effectively with TD Ameritrade, it's important to get a have a good understanding of the TD Ameritrade trading tools and the markets.

TD Ameritrade offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with TD Ameritrade.

Take time to look around the TD Ameritrade platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at TD Ameritrade

TD Ameritrade support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

TD Ameritrade have a D grade support rating because because sometimes the response was slow or our query wasnt answered. TD Ameritrade less customer support features compared to other brokers like live chat, phone and email support. email support and supports a limited amount of Languages. Live chat support supports a limited amount of Languages. Phone support supports a limited amount of Languages.

Livechat Support at TD Ameritrade

We tested the TD Ameritrade live chat and it works well. We sent messages to TD Ameritrade livechat through their app and website and recieved a response within 20 minutes. Sometimes there was no response.

We tested communicating with TD Ameritrade support in multiple languages in multiple countries. TD Ameritrade where able to resolve our customer issues.

Email Support at TD Ameritrade

We sent several emails to TD Ameritrade and answer times overall were excellent. The fastest response from TD Ameritrade was 4 hours and the slowest response was 5 days. Sometimes there was no response. Support response times may vary for you with TD Ameritrade, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall average email support from TD Ameritrade.

Phone Support at TD Ameritrade

We called TD Ameritrade and the call was answered very quickly. The call was answered in less than 5-10 minutes.

The TD Ameritrade phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual TD Ameritrade team by calling in varying languages. TD Ameritrade made an effort to make sure our queries were answered.

Overall the phone support from TD Ameritrade was okay.

See how TD Ameritrade Support Compares Against Other Brokers

Broker tdameritrade eToro IC Markets Trading212
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, German, Spanish, French, and Italian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, РУССКИЙ, Romana, Turkce, العربية, 中文
Learn More Visit TD Ameritrade Visit eToro Visit IC Markets Visit Trading 212
Risk Warning Your capital is at risk 75% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

What you will need to open an account with TD Ameritrade

As TD Ameritrade is regulated by Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under TD Ameritrade Brand may be different.

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 3 minutes or so to complete the account opening process.

While you might be able to explore TD Ameritrade's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with TD Ameritrade you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.tdameritrade.com/ on 12th August 2018.

Is TD Ameritrade A Good Broker?

We spent over 3 months examining TD Ameritrade in depth. Although we found some very useful aspects of the TD Ameritrade platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative TD Ameritrade broker.

  • TD Ameritrade have a good track record of offering Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.
  • TD Ameritrade has a history of over 12 years.
  • TD Ameritrade has a reasonable sized customer support of at least 10.
  • TD Ameritrade are regulated by Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC). This means TD Ameritrade fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • TD Ameritrade have regulation from a Tier 1 reputable country.
  • TD Ameritrade has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • TD Ameritrade have an international presence in multiple countries. This includes local TD Ameritrade seminars and training.
  • TD Ameritrade are able to hire people from various locations in the world who can better communicate in your local language.

TD Ameritrade Risk Disclaimer

Your capital is at risk

TD Ameritrade not quite right?

Check out these TD Ameritrade Alternatives

We have spent years researching the best alternatives to TD Ameritrade. Click the links below to learn more.

If you feel some of the above TD Ameritrade are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of TD Ameritrade alternatives below.

Related TD Ameritrade Comparisons

If you would like to see how TD Ameritrade stands up against other brokers you can read some of our TD Ameritrade comparisons below. We compare side by side some of our top rated TD Ameritrade versus comparisons. Read some indepth TD Ameritrade VS pages below.

TD AMERITRADE Frequently Asked Questions

Can I try TD Ameritrade before I buy?

TD Ameritrade offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do TD Ameritrade accept?

Please note that the list of payment methods below depend on the TD Ameritrade Entity and the Clients Country of Residence.

TD Ameritrade offer the following funding payment methods among other payment methods.
Learn more here

Your capital is at risk

Is TD Ameritrade safe?

TD Ameritrade are considered safe as they are regulated by and checked for conduct by the Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC). Any payments funded to TD Ameritrade accounts by traders are held in a segregated bank account. For added security TD Ameritrade use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Is TD Ameritrade trading good?

TD Ameritrade is considered good and reputable to trade with. TD AmeritradeTD Ameritrade is used by over TD Ameritrade active traders. TD Ameritrade offers Forex trading trading, CFD trading trading, Spread Betting trading, Social trading trading, and Share Dealing trading. Minimum deposit with TD Ameritrade is 0.

Is TD Ameritrade trading Legit?

TD Ameritrade was founded in United States in 2008. TD Ameritrade has been facilitating trade on the financial markets for over 12 years. TD Ameritrade offers clients Forex trading trading, CFD trading trading, Spread Betting trading, Social trading trading, and Share Dealing trading. All funds deposited to TD Ameritrade are held in segregated tier 1 bank accounts for security. TD Ameritrade is regulated by Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC) so can be considered legit.

Is TD Ameritrade a good broker?

TD Ameritrade is overseen by the top tier financial regulators Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC) so can be considered a good broker. TD Ameritrade allows Forex trading trading, CFD trading trading, Spread Betting trading, Social trading trading, and Share Dealing trading.

Is TD Ameritrade trustworthy broker?

TD Ameritrade can be considered trustworthy. All money funded to TD Ameritrade is placed into a segregated tier 1 bank account. this means your money in not held by TD Ameritrade directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also TD Ameritrade is regulated by Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC).

What is the minimum deposit for TD Ameritrade?

The minimum deposit to trade with TD Ameritrade is 0.

How long do TD Ameritrade withdrawals take?

Withdrawing money from TD Ameritrade processing time varies but averages 2-5 days.

Is TD Ameritrade regulated?

TD Ameritrade is regulated by Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC).

Is TD Ameritrade a market maker?

TD Ameritrade is a not a market maker. A market maker speeds up trading as a market maker will purchase your stocks and commodities even is a buyer is not lined up.

How can I start trading with TD Ameritrade?

When opening a trading account with TD Ameritrade, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on TD Ameritrade trading platforms here.

Is my money safe with TD Ameritrade?

TD Ameritrade is regulated by Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC). One of the most important criteria for traders when choosing a broker like TD Ameritrade is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to TD Ameritrade, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is TD Ameritrade a con?

TD Ameritrade is regulated and well established having been in business for over 12 years. TD Ameritrade is definitely not a con.

Can you make money with TD Ameritrade?

Although traders have had great success with TD Ameritrade. Trading on the financial markets with TD Ameritrade is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does TD Ameritrade have fees?

TD Ameritrade withdrawal fees varies on payment method. TD Ameritrade does charge inactivity fees. TD Ameritrade does charge deposit fees.

When was TD Ameritrade founded?

TD Ameritrade was founded in 2008.

How many people use TD Ameritrade?

TD Ameritrade is used by over 10000 registered traders.

What is TD Ameritrade Headquarters country?

TD Ameritrade has its head quarters office in United States.

Does TD Ameritrade offer negative balance protection?

TD Ameritrade does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does TD Ameritrade offer guaranteed stop loss?

TD Ameritrade does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does TD Ameritrade allow scalping?

TD Ameritrade does not offer scalping.

Does TD Ameritrade allow hedging?

TD Ameritrade does not offer hedging.

Does TD Ameritrade offer CFD trading?

TD Ameritrade offers CFD trading.

Does TD Ameritrade offer STP?

TD Ameritrade does not offer STP trading.

How many people use TD Ameritrade?

TD Ameritrade is used by over 10000 traders.

Is TD Ameritrade an ECN broker?

TD Ameritrade does not offer ECN trading.

Does TD Ameritrade offer a demo account?

TD Ameritrade offers a demo account.

Does TD Ameritrade offer an Islamic account?

TD Ameritrade does not offer Islamic accounts.

What are the funding methods for TD Ameritrade?

TD Ameritrade accept the following funding methods :

TD Ameritrade review written by Andrew Blumer and Mark Hansen

We hope you found our review of the TD Ameritrade brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

TD Ameritrade review written by Mark Hansen of Comparebrokers.co