TD Ameritrade can be summarised as a trustworthy broker with $0 USD, R0 ZAR commissions on trades, enhanced trading platforms, top-line education, and an overall full-service brokerage experience.
| 🔎 Broker | 🥇 TD Ameritrade |
| 💵 Minimum Deposit | $0 USD, R0 ZAR |
| 💳 Commissions | $0 USD, R0 ZAR on online stock and ETF trades |
| 💰 Options (per contract) | $0.65 USD, R10 ZAR |
| 💵 Inactivity Fee Charge | ❌ No |
| 💵 Withdrawal Fee | ❌ No |
| 📌 Products offered | Stock, ETF, Forex, Fund, Bond, Options, Futures, Crypto |
| 📝 Demo Account | ✔️ Yes |
| Open an Account | 👉 Click Here |
TD Ameritrade Review – 9 Key Point Quick Overview
- ✅ TD Ameritrade Overview
- ✅ TD Ameritrade Account Overview
- ✅ TD Ameritrade Minimum Deposit
- How to open a TD Ameritrade Account – A Step by Step Guide
- ThinkorSwim Trading Platform Overview
- TD Ameritrade Fees and Spreads
- TD Ameritrade Deposit And Withdrawal Options
- Conclusion
- Frequently Asked Questions
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 not only known to be one of the best online brokerages in the industry but has also earned the title of the best brokerage firm for beginners. TD Ameritrade’s award-winning trading platform, ThinkorSwim is a firm favorite amongst active traders.
The ThinkorSwim trading platform offers a powerful, intuitive trading experience that’s good for both professionals and newcomers. TD Ameritrade’s comprehensive educational resources and excellent customer service help secure its position among the very best online brokerages.
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.
| 🔎 Account | 1️⃣ TD Ameritrade Individual Account | 2️⃣ TD Ameritrade Joint Account (JTWROS) |
| Account Owners | Single Owner | Joint Ownership |
| 🤝 Client Profiles | Cash | Cash |
| Cash & Margin | Cash & Margin | |
| Cash & Option | Cash & Option | |
| Cash, Margin & Option | Cash, Margin & Option | |
| 💵 Minimum Deposit | $0 USD, R0 ZAR | $0 USD, R0 ZAR |
| 💳 Electronic Funding Minimum | $50 USD, R800 ZAR | $50 USD, R800 ZAR |
| 📊 Margin or option privileges on account | Min $2000 USD, R31,000 ZAR | Min $2000 USD, R31,000 ZAR |
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.
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 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.
| 💵 Minimum Deposit | $0 USD / R0 ZAR |
| 💬 Recommended Minimum Deposit | $3,500 USD / R53,500 ZAR |
| ☀️ Actively Day Trade | $25,000 USD |
| 📈 Sell Naked Options | $5,000 USD |
| 📉 Margin Capability in Account | $2,000 USD |
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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 click 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.
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 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.
| 💵 Minimum Investment | $0 USD, R0 ZAR |
| 💳 Commissions (stocks, ETFs and Options) | $0 USD, R0 ZAR |
| 🔎 Account Type | Taxable, IRA and More |
| 💻 Platform | Web, Windows, Mac, iOS, Android |
| 🥇 Promotions | None |
ThinkorSwim Pros and Cons
| ✔️ Pros | ❌ Cons |
| No Commisions | Fractional Shares can not be traded |
| Advanced charting tools | Charges contract fees for options |
| Advanced Research tools | Charges contract fees for futures |
| Paper trading accounts | |
| 24/5 trading hours |
TD Ameritrade Fees, Spreads, and Commission
TD Ameritrade has low fees in general, charging no or a low amount. Here is an overview of all fees, spreads, and commissions charged by the broker.
TD Ameritrade Forex Fees
TD Ameritrade Forex Fees are classed as low with Forex fees of a $20,000 30:1 position open, 1-week-hold, and close.
| 💵 EUR/USD Benchmark Fee | $6.8 |
| 💵 EUR/GBP Benchmark Fee | $8.7 |
TD Ameritrade Non-Trading Fees
TD Ameritrade Non-trading fees are classed as low as they don’t charge a lot or anything for non-trading-related activities.
| 💵 Withdrawal Fee | $0 |
| 💳 Deposit Fee | $0 |
| 📌 Inactivity Fee | ❌ No |
| 📝 Account Fee | ❌ No |
TD Ameritrade Deposit Fee
Deposit fees are fees that are applied when a trader sends money to their trading account from their bank account. Generally, brokers will not charge money for this act, and TD Ameritrade is not different.
| 🔁 Bank Transfer | ✔️ Yes |
| 💳 Credit/Debit Card | ❌ No |
| 👛 Electronic Wallets | ❌ No |
| 💵 Deposit Fee | $0 |
TD Ameritrade Withdrawal Fee
TD Ameritrade does not charge a withdrawal fee.
| 🔁 Bank Transfer | ✔️ Yes |
| 💳 Credit/Debit Card | ❌ No |
| 👛 Electronic Wallets | ❌ No |
| 💵 Deposit Fee | $0 |
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 Deposit and Withdrawal Options
TD Ameritrade Account Funding Options
TD Ameritrade offers a wide variety of ways to fund a TD Ameritrade account, allowing investors to discover the method that’s right for them.
| 💵 Funding Method | 🕛 Standard Completion time | 📈 Deposit Limits | 🔎 How to start |
| 💻 Electronic Bank Deposit (ACH) | 5 Mins | $50 -$250,000 | Set Up Online |
| 💻 Wire Transfer | 1 Business Day | No Limit | Contact Bank |
| ✅ Check | 1-3 Business Days | No Limit | Mobile App or Mail |
| ↪️ Account Transfer From another firm | 7 Business Days | No Limit | Set Up Online |
| 📈 Physical Stock Certificates | 1 Business Day | No Limit |
TD Ameritrade Account Funding Options
Moving money out of a TD Ameritrade securities account is made easy as the broker provides several methods of withdrawal.
| 💵 Funding Method | 🕛 Standard Completion time | 📈 Withdrawal Limits | 🔎 How to start |
| 💻 Electronic Bank Deposit (ACH) | 1 - 3 Business Days | $250,000 (daily) | Set Up Online |
| 💻 Wire Transfer | 1 Business Day | No Limit ($25 charge) | Contact Bank |
| ✅ Check | 1-3 Business Days | No Limit | Mobile App or Mail |
| ↪️ Debit Card / ATM | Immediate | No Limit | - |
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Conclusion
Overall, TD Ameritrade can be classified as a trustworthy broker with no minimum deposit, $0 USD, R0 ZAR commissions on trades, enhanced trading platforms, top-line education, and an overall excellent full-service brokerage experience.
Disclaimer
TD Ameritrade warns all potential customers that Forex and CFDs trading always carries a high level of risk and may not be suitable for all investors. TD Ameritrade cannot guarantee the maximum loss that a trader may suffer and investors trade Forex at their own risk.
Frequently Asked Questions
Is TD Ameritrade a legit and good broker?
TD Ameritrades is a legit, good broker regulated by top-tier authorities SEC (Securities and Exchange Commission), FINRA (Financial Industry Regulatory Authority) and CFTC (Commodity Futures Trading Commission).
Can I trust TD Ameritrade?
Yes, Our review reveals that TD Ameritrade has a long track record, a banking background, is regulated by top-tier regulators and is listed on a stock exchange.
What is the minimum deposit required to open a TD Ameritrade Account?
The Minimum deposit to open a TD Ameritrade account is $0 USD, R0 ZAR.
What Information or documentation is needed to open a TD Ameritrade Account?
When a new TD Ameritrade account is opened the client will be required to enter their name, surname, address, date of birth, National Registration Identity Card, and/or other identifying documents.
How is a client’s application status verified?
Once a client’s application status is verified, they will receive an email from TD Ameritrade.
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