Online brokerages are a dime a dozen, and it’s easier than ever to trade stocks, mutual funds and other securities. TD Ameritrade is one of the largest brokerage firms in the U.S., but its online platform is robust enough to be a top choice for novice and experienced investors alike.
Not only does TD Ameritrade offer a brokerage bonus for new accounts, but it also charges no commissions on trades.
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TD Ameritrade Bonus
The current new account bonus offered directly on the TD Ameritrade website is up to $2,500 when you open a new brokerage or retirement account by September 30, 2021 and meet qualifying deposit minimums.
|Earn $350||Deposit $250,000- $499,999|
|Earn $700||Deposit $500,000- $999,999|
|Earn $1,500||Deposit $1,000,000-$1,999,999|
|Earn $2,500||Deposit $2,000,000 or more|
It’s important to know that any bonus received during the calendar year will be included on your consolidated Form 1099.
TD Ameritrade has been around since 1975, but despite recent competition from mobile-first brokerages like Robinhood and Acorns, the large brokerage firm has continued to be one of the most popular options for investors.
Account Types and Investment Products
TD Ameritrade offers several different account types, including:
- Standard accounts for investing without a specific goal in mind
- Retirement accounts
- Education accounts, including 529 plans, Coverdell Education Savings Accounts and UGMA/UTMA accounts
- Specialty accounts for trusts, pension plans, business partnerships and more
With those accounts, you can trade a wide variety of securities, much more than you can get with smaller brokerages. Options include:
- Mutual funds
- Exchange-traded funds
- Cash solutions
- Bonds and other fixed-income securities
- Initial public offerings
Standard and speciality accounts also offer margin trading, which allows you to borrow up to 50% of a trade from TD Ameritrade to potentially increase your buying power.
Fees and Costs
All trades come with no commissions, which means no platform fees and no data fees. Also, there’s no minimum for how much you can buy or sell in a trade. The only exception is that there’s a $0.65 contract fee for options trades. While brokerages used to charge roughly $5-$10 on each trade, it’s now standard to waive that charge.
Use TD Ameritrade offer codes to find additional promotions and limited-time offers.
|$0||commission on online stock trades|
|$0||commission on online exchange-traded funds (EFTs)|
|$0||commission on online options trades|
(contract fees now only $0.65, plus no assignment or exercise fee)
Finally, TD Ameritrade has no account minimums.
TD Ameritrade provides research, data and educational resources, which the firm hopes will guide clients and help them make investment decisions. It also provides information that it claims helps people build efficient, diversified portfolios. What’s more, all of these resources are free to investors.
TD Ameritrade also provides customer support, and hundreds of physical branches around the U.S., where customers can get in-person service.
TD Ameritrade is one of the biggest brokerages in America, but don’t let that scare you. The firm says it’s invested heavily in resources that it hopes makes investing easier for beginners, as well as more experienced investors.
Despite the platform’s $0 account minimum and $0 trade commissions, as with any financial decision, it’s important to compare several brokerage firms when choosing an investing platform. Take some time to research and compare other online brokerages.