TD Ameritrade Account Types

TD Ameritrade’s account options come with a $0 USD, R0 ZAR minimum deposit, and access to the market-leading ThinkorSwim trading platform at no cost.  TD Ameritrade’s account options are well suited to both beginner and professional traders.

TD Ameritrade Accounts – A 7 Key Point Quick Overview

1. ✅ TD Ameritrade Overview
2. ✅ TD Ameritrade Account Overview
3. ✅ TD Ameritrade Minimum Deposit
4. How to open a TD Ameritrade Account – A Step by Step Guide
5. ThinkorSwim Trading Platform Overview
6. Conclusion
7. Frequently Asked Questions

Overall Rating

• 4.3/5

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OPEN AN ACCOUNT

Min Deposit

USD 0

Regulators

SEC, FINRA, CFTC, MAS

Trading Platform

Web Trading Platform, ThinkorSwim

Crypto

Yes

Total Pairs

0

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

TD Ameritrade Overview

TD Ameritrade is classified as one of the best global online brokerages in the industry and has earned a coveted title of”the best brokerage firm for beginners”. TD Ameritrade’s award-winning trading platform, ThinkorSwim is also a firm favorite amongst active traders, giving the ever-popular MetaTrader suit a run for its money.  TD Ameritrade also offers its clientele a wide selection of comprehensive educational resources and excellent customer service.

TD Ameritrade is regulated by the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), Commodity Futures Trading Commission (CFTC), Hong Kong Securities and Futures Commission, Monetary Authority of Singapore (MAS).

TD Ameritrade Account Overview

In order to start trading, forex with TD Ameritrade traders will need to open a standard account. The Standard account can either be an individual or joint account. Traders will need to apply for, plus be approved for, margin privileges in their account.

JTWROS refers to Joint Tenants with Right of Survivorship and upon death, the remaining account holder retains the right to the entire account.  In regards to the Individual account, the account owner can assign a beneficiary to take ownership of the account upon the death of the current account holder.

TD Ameritrade Minimum Deposit

There is no minimum deposit with TD Ameritrade and funds can be added to the account when needed.  However, it is recommended that Malaysian and Singaporean clients start with $3,500 with a Margin or leverage account requiring a minimum deposit of $2,000.

How to open a TD Ameritrade Account – Step by Step Guide

In order to open a TD Ameritrade account, the client will need to provide their social security number or Taxpayer Identification number plus their employer’s name and address.

1. Step 1: Start the Application Process

On the TD Ameritrade account application page fill in the basic personal information required.  Here traders will need to select their account type before moving on to the next step.

2. Step 2: Complete Personal Information

In this section, the client will have to complete more secure personal information like their social security number, mailing address, date of birth, and employment information.

3. Step 3:  Review and Edit.

In this section, clients will simply be required to review their information, ensure everything is correct and clicking on continue to proceed.

4. Step 4:  Agree to Terms

This section includes technical information for the client to agree to.  The client must carefully read through the documentation carefully before agreeing to any terms.

5. Step 5:  Set Up Online Login

In the fifth and final step, the client will set up their username, password, and security questions.  Once the account has been opened, funding can occur.

ThinkorSwim Trading Platform Overview

ThinkorSwim (ToS) is the advanced trading platform offered by TD Ameritrade.  ThinkorSwim comes fully equipped with technical analysis, charting tools, and software features.

Overall Rating

• 4.3/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 0

Regulators

SEC, FINRA, CFTC, MAS

Trading Platform

Web Trading Platform, ThinkorSwim

Crypto

Yes

Total Pairs

0

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

ThinkorSwim Pros and Cons

Conclusion

Overall, TD Ameritrade’s account options come with low or no minimum deposits –  at $0 USD, R0 ZAR. Furthermore, TD Ameritrade clientele has access to the market-leading ThinkorSwim trading platform at no cost.  TD Ameritrade’s account options are well suited to both beginner and professional traders.

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Frequently Asked Questions

Can I have 2 TD Ameritrade accounts?

Yes, Set-up Smartstop portfolios for every individual account, name them individually, set every account up to a brokerlink account and start sending your orders.

Which live trading accounts does TD Ameritrade offer?

TD Ameritrade account types incl:

• Standard Account
• Retirement Account
• Education Account
• Specialty Account
• Managed Portfolios Account
• Margin Trading Account

What is the difference between a demo and a live trading account?

A demo account offers the use of virtual funds instead of actual capital. In the case of TD Ameritrade, the virtual funds are referred to as “Paper Money”.

Does TD Ameritrade offer the option of an Islamic Account?

No. TD Ameritrade does not offer an Islamic or Swap-Free forex account option.

Does TD Ameritrade offer a demo account?

Yes.  Td Ameritrade offers a free stock market simulator called paperMoney.

What are the available deposit currencies for a live trading account?

You can trade up to 24 currencies which include popular currencies like the EUR, GBP, CHF, and JPY.