TD Ameritrade
4/5
The company was founded as Ameritrade in 1971. In 2006, it acquired the U.S. operations of TD Waterhouse and was then renamed to TD Ameritrade. In 2007 TD Ameritrade had a security breach where customer information was stolen by hackers. In October of 2020 Charles Schwab acquired TD Ameritrade. The integration of the two companies hasn’t been completed yet, but it’s expected to happen within the next three years. Charles Schwab intends on the thinkorswim app and other TD Ameritrade technologies remaining integrated.
Pros:
Commission free trades for most stocks Has access to every stock you could imagine Robust learning sections and tools for beginners Options for just about any kind of investor. (beginner traders, advanced traders, retirement plans) Has great research tools so you can learn just about everything you need to know about the company without even leaving the website. Good customer support Tradable securities include: Stocks, bonds, mutual funds, ETFs, options, Futures, Forex, etc. Paper money trading simulator
Cons:
$6.95 fee for trading OTC stocks Thinksorswim is pretty complex and can be intimidating for beginners No fractional shares
Complete Review:
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