TD Ameritrade

TD Ameritrade is one of the major discount US brokers that are regulated by top-tier financial authorities. It can be considered as safe because it offers its clients a relatively high investor protection amount and additional insurance incentives.
Trading Platform:
Max Leverage:
Stock, ETF, Forex, Fund, Bond, Options, Futures
Min. deposit:
Open an account Read full review


TD Ameritrade is one of the major discount brokers in the US. It was founded in 1971 and is regulated by top tier regulators such as the US SEC. TD Ameritrade is ex Thinkorswim.

TD Ameritrade has a long track record of satisfactory service and a strong banking background. They are listed on the stock exchange, regulated by top-tier regulators, and they disclose their financials.

TD Ameritrade is recommended for traders and investors that appreciate a well-equipped desktop trading platform backed by solid research.


  • Top-class desktop trading platform
  • Solid education and research
  • Great customer support
  • Only US markets are covered
  • High trading fees
  • Does not support credit/debit cards and e-wallets for funds transfer


  • No withdrawal fee charges
  • No inactivity fee charges
  • It charges high trading fees
  • It has high financing rates

Account Opening

  • Easy and user-friendly process
  • No minimum deposit amount for US clients
  • Lots of account type options
  • Account opening process is not fully digital

Deposit & Withdrawal

  • User-friendly process
  • No deposit fee charges
  • Free withdrawals
  • Only one account base currency is provided for clients
  • Deposits and withdrawals with credit/debit cards are not available


  • User-friendly design
  • Reliable search function
  • Clear fee report
  • No secure two-step login
  • Limited customizability


  • Stock
  • Forex
  • Fund
  • ETFs
  • Bonds
  • Options
  • Futures
  • CFDs
  • Cryptos

Customer Service

  • Live chat support
  • Phone support
  • Quick response time
  • Nothing to be dissatisfied about


  • Great interactive charts
  • Trading ideas
  • Fundamental data on assets
  • We found nothing wrong with TD Ameritrade’s research tools


  • Simulation/demo account for practice
  • Educational videos
  • Trading platform tutorial
  • No unsatisfactory features with TD Ameritrade’s educational facilities

Regulation & Safety

  • A top-tier regulator regulates it
  • Investor protection amount is high
  • Solid banking background
  • Offers additional Insurance coverage
  • Does not provide negative balance protection
  • Investor protection does not cover futures and forex

Full review

TD Ameritrade is one of the major discount brokers in the US. It was founded in 1971 and is regulated by top tier regulators such as the US SEC. TD Ameritrade is ex Thinkorswim.

TD Ameritrade has a long track record of satisfactory service and a strong banking background. They are listed on the stock exchange, regulated by top-tier regulators, and they disclose their financials.

TD Ameritrade is recommended for traders and investors that appreciate a well-equipped desktop trading platform backed by solid research.

TD Ameritrade Pros and Cons

TD Ameritrade’s state-of-the-art desktop trading platform (Thinkorswim) is full of essential features and is easy to use. Clients have access to high-quality trading education, research, and tools. The customer support team is efficient and responds with prompt answers.

TD Ameritrade has high trading fees, and its product portfolio only covers US markets. It also doesn’t support the use of credit/debit cards and e-wallets for transferring funds.


TD Ameritrade charges high trading fees while non-trading fees are low. It does not charge any commissions on a couple of specific bonds, ETFs, and mutual funds.

TD Ameritrade fees snapshot
AssetsFee levelFee terms
US stockAverage$6.95 per trade, also features ~300 free ETFs

FX commission: $0.10 per 1,000 units and a minimum of $1

 You also have the option of trading with no commission but with larger spreads

US tech fundHigh$49.99 per transaction, plus ~4,000 free funds
Inactivity feeLowNo inactivity fee

We have been able to rank TD Ameritrade by comparing it to our list of reviewed brokers. To put this review in a proper perspective, we will go over some necessary details about broker fees. The key points to pay attention to are Trading fees, financing rates, and non-trading fees.

We also made direct comparisons of Ameritrade fees to that of two similar brokers: Interactive Brokers and Charles Schwab. These two brokers were also evaluated on factors such as product/service offered, fee structure, client profile, etc.

Non-trading fees

TD AmeritradeRobinhoodXTB
Account feeNoNoNo
Inactivity feeNoNoNo
Withdrawal fee$0$0$0

These usually comprise of things such as inactivity and withdrawal fees.

TD Ameritrade charges low non-trading fees but doesn’t charge any inactivity fees or account fees. Withdrawals made with ACH transfer do not attract any fees. However, clients outside the US can only make withdrawals with wire transfers, which cost $25. We tested the withdrawal feature with ACH, so we had no withdrawal fee charges.

Trading Fees

They are usually charged when you make a trade. It can be in the form of commissions or spreads.

We made comparisons using the respective fees for basic orders. TD Ameritrade has high trading fees. On the flip side, opening a new trading account qualifies you for 500 commission-free trades for up to 60 days.

We deemed the entire fee structure to be transparent and straightforward to understand.

Stock Fees

Stock fees of a $2,000 trade

TD AmeritradeRobinhoodXTB

TD Ameritrade has relatively low stock trading fees.

US stocks and ETF fees are calculated as $6.95/trade. TD Ameritrade also offers ~300 free ETFs.

Forex Fees

TD Ameritrade has relatively high forex fees. Customers can choose from any of the two forex fee structures on offer:

  •         Commission-free Trading: charges zero commissions, but with larger spreads
  •         Commission-based Trading: charges $0.1 per 1000 traded units but with a small spread

For this review, we stuck with TD Ameritrade’s default fee structure – commission-based pricing — for our calculations.

Forex fees of a $20,000 30:1 position open, 1-week-hold, and close
TD AmeritradeInteractive BrokersXTB
EURUSD benchmark fee$44.3$23.0$17.1
EURGBP benchmark fee$46.5$17.0

Fund Fees

TD Ameritrade charges relatively high fees for funds.

Fees for a $2,000 fund purchase
TD AmeritradeInteractive BrokersCharles Schwab
USA tech fund buy$50.0$15.0$24.8

TD Ameritrade charges a fee of $49.95/trade for mutual funds. They also offer ~4000 free mutual funds to customers. However, if you were to sell these funds within 180 days of purchase, you will be charged $49.95 for sale.

Bond Fees

TD Ameritrade has relatively low bond fees that vary according to the type of bond that you buy.

Fees of a $10,000 bond trade
TD AmeritradeInteractive BrokersCharles Schwab

 We made our comparison with the fees for Treasury bonds of TD Ameritrade and its two selected competitors.

TD Ameritrade does not charge any commission for Treasury bonds. However, commissions on corporate bonds are $1, with a $10 minimum and $500 maximum on purchased bonds.

Options Fees

TD Ameritrade has relatively high options fees.

Stock index options fees of 10 contracts
TD AmeritradeInteractive BrokersCharles Schwab

 The options fee is comprised of a flat fee plus a volume-based fee: $6.95/trade  + $0.75/contract.

Finance Rates

These are charges that are made when you hold a leverage position for more than 24 hours. A leverage position/trade means that you borrowed trading money from a broker.

TD Ameritrade has relatively high financing rates.

TD Ameritrade annual financing rates
TD AmeritradeInteractive BrokersCharles Schwab
Apple financing rate10.8%5.8%9.8%
EURUSD financing rate10.5%4.9%
EURGBP financing rate10.5%3.3%


TD Ameritrade operates a volume-tiered financing rate structure that comprises a base rate plus a discount/premium on the financed amount. TD Ameritrade sets the base rate at its own discretion; base rate as at the time of this review was 9.5%

TD Ameritrade – annual financing rates
Debit balanceRate%Base rate + / –
Above $999,9998.00%-1.50%
$250,000 – $999,9998.75%-0.75%
$100,000 – $249,9999.00%-0.50%
$50,000 – $99,9999.25%-0.25%
$25,000 – $49,99910.25%+0.75%
$10,000 – $24,99910.50%+1.00%
Under $10,00010.75%+1.25%

Trading Instruments

Markets & Products General

TD AmeritradeRobinhoodXTB

TD Ameritrade allows its customers to trade with a variety of asset classes. It is important to note that the services and assets classes on offer only cover the US market.

The specific products on offer for clients vary based on your country. For example, clients from Singapore can trade with only stocks, options, ETFs, and futures.

Stocks & ETFs

TD AmeritradeRobinhoodXTB
Stock Markets5 Unclear but US penny stocks available.17

TD Ameritrade only covers US markets and offers stocks similar to Charles Schwab.

You can trade with stock exchanges such as NASDAQ, AMEX, NYSE, OTCBB, as well as other OTCs.


TD Ameritrade offers the usual mix of forex pairs as well as some exotic options.

TD AmeritradeInteractive BrokersXTB
Currency pairs (#)7710548


TD Ameritrade has relatively smaller bond offers when compared to the sizes of its competitors. However, its bond offer covers both corporate and government bonds

 TD AmeritradeInteractive BrokersCharles Schwab
Bonds (#)40,000110,00060,000


TD Ameritrade provides great fund offers that outshine its competitors. You will find funds from the smallest providers to the heavy-weight fund providers like BlackRock and Vanguard.

TD AmeritradeInteractive BrokersCharles Schwab
Fund providers (#)740200600


TD Ameritrade has a smaller number of Options offers. Clients can access the following exchanges: AMEX, BATS, BOX, CBOE, C2, ISE, NASDAQ, NYSE, PHLX.

TD AmeritradeInteractive BrokersCharles Schwab
Options markets (#)8458


TD Ameritrade has very few futures offers for its clients to trade with. Customers can trade on these exchanges: CFE, CME, LIFFE, ICE, ICE EU.

TD AmeritradeInteractive BrokersCharles Schwab
Futures markets (#)5368

Account Opening

Opening an account with TD Ameritrade is easy, but the experience is not fully digital. US clients do not have a minimum deposit amount for account opening.

Can You Open an Account?

TD Ameritrade is primarily a US discount broker for US-based clients. However, its services are also available to a few countries like China, Hongkong, Singapore, and Malaysia. The specific services it offers can vary from one country to another. For example, clients from Hongkong, Singapore, and Malaysia can only trade stocks, options, and ETFs. Non eligible clients can try their luck with other trusted spread brokers form the list

Canadian clients, however, can use the TD Direct Investing Solutions available within the TD group but not with TD Ameritrade.

What Is The Minimum Deposit at TD Ameritrade?

TD Ameritrade has its minimum deposit set according to the trading preferences for US clients.

TD Ameritrade minimum deposit
Trading preferencesMinimum deposit
Trading at basic accounts$0, but electronic funding has a $50 minimum
Margin trading (Leverage Trading)$2,000
Day trading (Buy and Sell an asset the same day)$25,000
Trading with TD Ameritrade portfolios$5,000 – $250,000

 The minimum deposit set by TD Ameritrade for non-Us clients can be significantly higher. For example, clients from Malaysia and Singapore have a minimum deposit of $3,500.

Account Types

TD Ameritrade has quite a few account types on offer for every kind of customer.

TD Ameritrade account types
Account typeShort description
IndividualA single individual owns the account
Joint accountsTwo or more account owners
Business accountsThe account is owned by a legal entity
Retirement accounts (Traditional IRA, Roth IRA, etc.)Individual retirement accounts which are available only for US clients
Pension accountsFor self-employed individuals and small businesses which are only available for US clients
College savings (529 Plan, etc.)Accounts for college savings plans which are available only for US clients
Custodial or Guardianship accountsSpecial accounts which are available only for US clients
TrustThe account owner entitled to transfer assets to one or more trustee; which is available only for US clients
TD Ameritrade portfoliosAccounts for trading with portfolios managed by TD Ameritrade, these accounts are available only for US clients

 How to Open Your Account

The account opening process is easy and user-friendly but not fully digital. After you have completed the online account opening form, you are required to mail/fax the generated document with a photocopy of your ID to TD Ameritrade. It takes an average of 3 days for your account to be opened.

The steps involved in getting your account opened with TD Ameritrade are:

  1.   Choose your preferred account type by stating your investment and trading preferences
  2.   Supply the necessary information, such as your name and date of birth.
  3.   Confirm the accuracy of your information and credentials
  4.   Acknowledge and accept the terms and conditions
  5.   Print and fav/mail the application with your relevant ID.

The online application process only took about 20 minutes, while the complete account verification took 3 business days.

Deposit & Withdrawal

TD Ameritrade does not charge any fees for deposits, and you can quickly transfer funds. However, USD is the only base currency, and you can only use bank transfer, which attracts a high fee.  Overall, the deposit and withdrawal features could use a bit more work.

Base currencies vs similar brokers

TD AmeritradeRobinhoodXTB
Number of base currencies124

TD Ameritrade has only one base currency (USD) on offer for its customers. It has the same offer as Charles Schwab – with as the only base currency. Interactive Brokers, however, has as much as 21 base currency options to choose from.

The currency limit is relevant because funding your account in the same currency doesn’t attract a conversion fee from a different currency. Additionally, you pay no conversion fees for trading assets in the same currency as your base currency.

A smart solution to help you save on conversion fees is to open a multi currency bank account. Transferwise or Revolut are good options that offer bank accounts in multiple currencies and at great conversion rates. They also offer cheap and free international bank transfers. You can open an account from your phone in just a couple of minutes.

Deposit options

TD AmeritradeRobinhoodXTB
Bank transferYesYesYes
Credit/Debit cardNoNoYes
Electronic walletsNoNoYes

TD Ameritrade does not charge any deposit fees. Clients from the US can use ACH, check, and wire transfer for cash deposits. Non-US clients from Hong Kong, Singapore, and Malaysia can use check and wire transfer also.

It does not support the use of credit/debit cards and e-wallets.

We tested TD Ameritrade’s transfer feature with ACH, and it took just 1 business day. You can only make deposits from accounts in your name, and the minimum transfer amount is $50.

Withdrawal fees and options

TD AmeritradeRobinhoodXTB
Bank TransferYesYesYes
Credit/Debit cardNoNoYes
Electronic walletsNoNoYes
Withdrawal fee$0$0$0

TD Ameritrade does not charge any withdrawal fees when you use ACH withdrawal. However, domestic and international wire transfers carry a $25 charge.

We took the liberty of testing TD Ameritrade’s ACH withdrawal process and discovered that it takes only 2 business days. Only accounts in your name are accepted for your withdrawals.

Below are the steps required to make a withdrawal from your TD Ameritrade account:

  •         Log into your TD Ameritrade account
  •         Navigate to “My account.”
  •         Click on the “Deposits and transfer/Withdrawal” menu
  •         Your account is preselected as “Transfer form.”
  •         Add the account you want to withdraw funds to as “To bank connection.”
  •         Add the desired amount to be withdrawn, and also set the date and frequency of the withdrawal
  •         Authorize the withdrawal of your funds

Trading Platform

TD Ameritrade offers its client a fully functional web-based trading platform. However, it does not use a secure two-step login, and it is not customizable.

TD Ameritrade platforms to choose from
Trading platformScoreAvailable
Web4 / 5 starsYes
Mobile4 / 5 starsYes
Desktop5 / 5 starsYes

 TD Ameritrade’s web-based trading platform is sufficient for trading and research on investment products like stocks and ETFs. However, if you desire a more sophisticated experience, TD Ameritrade’s desktop trading platform (ex Thinkorswim) will let you access technical research and trade with complex products.

The table below analyzes the main features and scope of the web trading platform and the Thinkorswim desktop platform.

TD Ameritrade – web and desktop platform compare and contrast
Web trading platformThinkorswim
Stocks, ETFs, optionsYesYes
Mutual fundsYesQuotes only
Fixed incomesYesNo
Futures, options on futures, forexNoYes
ChartingYesYes, more advanced
Research & third-party analysisYesYes, but limited
Demo accountNoYes

The web-based trading platform is also available in the Chinese language in addition to its default English.

Look and Feel

TD Ameritrade’s web-based platform is straightforward and user-friendly. However, it is not customizable for the workspace.

Login and Security

TD Ameritrade lacks secure two-step login verification and authentication. It uses a less secure one-step login authentication. Logging in on a new device requires that you supply the answer to your security question. After successfully logging in the first time, subsequent logins on that same device can be done with the regular ID and password combo.

Search Functions

TD Ameritrade’s search functions are adequately efficient. You can do searches with the company’s name or the asset’s ticker. Search results are reasonably relevant to the typed in search terms.

Placing Orders

TD Ameritrade offers the following order types:

  • Limit
  • Market
  • Stop-Market
  • Stop-Limit
  • Trailing stop %
  • Trailing stop $

If you need more information about the different order types, read this short review.

There are also a few options of order time limits you can use:

  • Good ’til canceled (GTC)
  • Good ’til canceled extended hours
  • Day
  • Day + extended hours
  • Immediate or Cancel (IOC)
  • Fill or Kill (FOK)
  • All or Nothing (AON)

Alerts and Notifications

You can set your desired alerts and notifications by using the MarketWatch function on the Thinkorswim desktop trading platform. You can quickly get news alerts, pricing alerts, and other notifications directly on your mobile, as text, or as mail messages.

Portfolio and Fee Reports

TD Ameritrade has transparent fees and portfolio reports, and they can be found under the ‘Account information’ tab. The reports tab can be customized to accommodate commission reports, margin levels, profit/loss balance, and much more.

Social Signals

TD Ameritrade’s desktop platform, Thinkorswim, supports social trading. You can set up a public profile that lets you follow other traders and also share your trading results. This is an opportunity for season traders looking for new ideas, and for newbies looking for reliable advice to follow. With just a few clicks, you can complete a trade from the copied information.

 TD Ameritrade Managed Portfolios.

TD Ameritrade offers three types of managed portfolio services for clients that prefer such. Those needing help with managing their investments can take advantage of any of the managed portfolio options available. They are:

1.    Essential Portfolios

This is a Robo-advisory service. The Robo-advisor collects information about your investment goal, risk tolerance, and time. You can choose freely from the five ETF portfolios available, and the Robo-advisor will help to rebalance the portfolio when needed.

The minimum amount required to have a TD Ameritrade Essential Portfolio is $5,000.

2.    Selective Portfolios

A TD Ameritrade Selective Portfolio gets you a more personalized experience with an expert. You need a minimum of $25,000 –to start a premium selective portfolio with TD Ameritrade.

3.    Personalized Portfolios

TD Ameritrade offers its clients a professionally managed portfolio with all the bells and whistles attached. For just $250,000, you can get a personalized portfolio that allows you to relax while an expert handles your trades.


TD Ameritrade features great research tools that help customers make more informed trade choices. You can use several tools like trading ideas and fundamental data in making your trades.

We were able to test the tool kits on the web-based trading platform and the charting tool on the Thinkorswim desktop platform. The research tools are available in English and Chinese languages.

Trading Ideas

TD Ameritrade provides its clients with third-party trading ideas on stocks, mutual funds, ETFs, and fixed incomes. Companies like CFRA, Thomas Reuters, and Analyst outlooks from TD Groups are responsible for providing overviews, ideas, and recommendations on trades, separated by equities or timing.

Fundamental Data

TD Ameritrade mainly offers fundamental data on stocks. Under the ‘Fundamentals’ menu, you can find financial data such as basic performance/rating metrics, and financial statements for 5 years. The Earnings, Peer Comparison, and Valuation


TD Ameritrade has reliable charting tools with ~400 technical indicators that can be edited easily. It offers the broadest choices of technical indicators for refining your results as desired.

News Feed

TD Ameritrade’s news feeds are adequate; however, they lack visual elements such as pictures and charts. The news feeds are provided by third-parties like MarketWatch, Benzinga, CNBC, and others.

Other Useful Research Tools

In addition to all the other crucial trading tools at your disposal, you can also use the platform’s well-equipped screeners. You can access a wide range of different filters that let you tailor your operations according to your unique needs. You can find the different screeners under the ‘Research & Ideas’ tab.

Customer Service

TD Ameritrade runs a 24/7 customer support system that provides quality service to clients.

TD Ameritrade can be contacted via the following channels:

  1.   Live chat support
  2.   Fax/Telephone support
  3.   Email

The live chat customer support system runs excellently with quick and relevant answers to customer requests. The phone support system also operates efficiently, as we were connected with a competent agent within a few short minutes. Email support also proved to be sufficiently responsive, and answers were provided within a day.


TD Ameritrade provides its clients with top-quality educational materials such as articles and webcasts. The desktop-based trading platform – Thinkorswim – also offers beginners a demo account that lets you start trading at no risks with a virtual balance.

TD Ameritrade offers the following facilities for customers that require reliable educational tools:

  •         Demo account
  •         Platform tutorial videos
  •         Webinars (Webcasts)
  •         General educational videos
  •         Quality educational articles

Its Thinkorswim desktop trading platform powers TD Ameritrade’s demo account (paperMoney). It offers the full range of professional tools and trading, without costing you a single penny. It comes with a dedicated amount of virtual money and grants access to complex markets like options and futures.

The Thinkorswim also features a separate learning center where you can find other useful articles and educational materials. University tutors and students can access the Thinkorswim platform through the TD Ameritrade U program.

Webinars focus on various trading subjects at all levels (beginner-advanced). They are scheduled throughout the whole day (10-11 times per business day; minus Fridays). And can be accessed at a later time if you missed it in real-time.


TD Ameritrade is a US company that’s regulated by top-tier regulators such as the SEC and FINRA. Customers are protected by a relatively high investor protection amount of $500,000 (up to $250,000 for cash). On the flip side, it does not offer any protection for negative balance.


You must pay close attention to the investor protection amount that your broker can provide. The regulator is an equally important factor that must be considered when selecting your desired broker. The investor protection amount and corresponding regulator differ from one broker to another.

TD Ameritrade is a company that operates quite a few legal entities; it provides clearing and custodial services and is authorized to hold assets on behalf of other entities. The robust US investor protection scheme covers all its clients dubbed the SIPC. The SIPC protects investors against the loss of securities and cash if the broker goes bust. Investors are protected by up to $500,000, which includes a $250,000 cash limit. It is worth noting that this is quite high as far as investor protection goes.

Additionally, TD Ameritrade has an insurance policy that results in total coverage of up to $152 million and a cash limit of $2 million. However, those trading with futures or options on futures are not covered by the investor protection scheme. TD Ameritrade also doesn’t provide negative balance protection for its clients.

TD Ameritrade legal entities
Country of clientsProtection amountRegulatorLegal entity
USSIPC: $500,000 ($250,000 cash limit) plus additional insurance

Securities and Exchange Commission (SEC)

Financial Industry Regulatory Authority (FINRA)

TD Ameritrade, Inc.
Hong KongSIPC: $500,000 ($250,000 cash limit) plus additional insuranceHong Kong Securities and Futures CommissionTD Ameritrade Hong Kong Ltd.
Malaysia, SingaporeSIPC: $500,000 ($250,000 cash limit) plus additional insuranceMonetary Authority of Singapore (MAS)TD Ameritrade Singapore Pte. Ltd.
Futures & ForexNo protectionCommodity Futures Trading Commission (CFTC)TD Ameritrade Futures & Forex LLC.

If you’re wondering, is TD Ameritrade safe? We advise that you evaluate two key factors: what is the broker’s background; and how you are protected if something goes wrong.


TD Ameritrade is a US-based trading company that was founded in 1971. It has a stable banking background and is regulated by top-tier financial authorities in the US, such as the SEC (Securities and Exchange Commission) and FINRA (Financial Industry Regulatory Authority). It is also monitored by global regulators like the Hong Kong Securities and Futures Commission.

What Other Review-sites and Customers Say About Ameritrade

To provide you with a more context about this broker, we will take a look at what other traders have to say about TD Ameritrade. Keep in mind that the reviews – by their nature – are subjective, yet the overall sentiment should be clear and straightforward.

Forex Peace Army   2.0/5.0

TD Ameritrade has an overall rating of 2.0 on the FPA review site. Clients have a couple of complaints about the service and high trading fees. So, you should pay close attention to these when considering TD Ameritrade as your broker.

Trustpilot   2.6/5.0

TD Ameritrade has a rather low rating on the Trustpilot review site. A lot of customers have different issues with the broker’s services. High trading fees and poor customers service are the most frequent culprits of the dissatisfaction. So, you should pay attention to these when making your choice.

Glassdoor   3.6/5.0

TD Ameritrade scored an impressive 3.6 stars from over 1000 customer reviews on the Glassdoor review site.The working environment seems neutral, however, a few dissatisfied individuals have complaints about micromanagement that affects employee efficiency. So, you’d be well informed to take note of these.


TD Ameritrade is one of the major discount US brokers that are regulated by top-tier financial authorities. It can be considered as safe because it offers its clients a relatively high investor protection amount and additional insurance incentives.

Opening an account is easy, and there are no inactivity fee charges. The desktop trading platform, Thinkorswim, is one of the best in the market and offers an easy, detailed, and professional trading experience. 

The research and educational tools are equally impressive in their quality and availability. 24/7 customer service has proven to be highly efficient and responsive to customer requests.

TD Ameritrade has some perceived drawbacks, such as the high fees it charges clients and a product portfolio covering only the US. It also does not support credit/debit cards and e-wallets for fund transfers.

Ameritrade Brief Overview

?️ Country of regulationUSA
? Trading fees classHigh
? Inactivity fee chargedNo
? Withdrawal fee amount$0
? Minimum deposit$0
? Time to open an account1-3 days
? Deposit with credit cardNot available
? Depositing with an electronic walletNot available
? Number of base currencies supported1
? Demo account providedYes
?️ Products offeredStock, ETF, Forex, Fund, Bond, Options, Futures

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