TD Ameritrade (TD Ameritrade) account opening advantages and disadvantages introduction
This article will open the box for everyone TD Ameritrade Demerit Securities, analyze its advantages and disadvantages, trading commissions, security and who is suitable for use。
Update: Demeli Singapore wants to focus on serving qualified investors and will stop providing investment services to retail investors from December 2023。If you are not a qualified investor and do not meet the conditions for opening an account with Demery Securities Singapore, it is recommended that you can open an account with another brokerage firm.。
In recent years, there have been a number of shocking cross-border Internet brokerages, such as rich securities moomoo, Tiger Securities, Longbridge Securities and so on, which have been measured out of the box for everyone before.。These brokers have their own characteristics and are very popular.。And today we let you measure out of the box with a long history, a large U.S. stock brokerage - TD Ameritrade.。
TD Ameritrade is one of the world's largest brokerages, rumored by Investopedia as the best broker for novices in 2022, the best broker for mobile apps in 2022, and the best broker for customer service in 2022。In addition, the StockBrokers.In Internet Brokerage Sports 2022, TD Ameritrade ranked first in six categories, including platforms and tools, thinkorswim desktop trading platform, active trading, options trading, customer service and phone support。
Today's Financial Football Series for everyone out of the box TD Ameritrade Demilly Securities, football content includes:
◇ Advantages of Demaili Securities
◇ Demaili Securities shortcomings
◇ TD Ameritrade trading commissions and other fees
◇ Demerit Securities account security
Who is the right person to use Demerit Securities??
Demaili Securities Background Introduction
TD Ameritrade was founded in 1975 and listed on the Nasdaq Stock Exchange in 1997.。In 2009, TD Ameritrade acquired the Thinkorswim (TOS) trading platform to provide users with simple and easy-to-use tools to trade financial products.。In 2020, Schwab Wealth Management (NYSE: SCHW) merged with Demerit Securities to become the world's largest brokerage firm under asset management.。
TD Ameritrade has been operating a branch in Singapore with a focus on Southeast Asia。As a result, all new registered users will be handled by TD Ameritrade Singapore Branch。
TD Ameritrade is regulated by top institutions such as the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), the Monetary Authority of Singapore (MAS) and the Commodity Futures Trading Commission (CFTC).。TD Ameritrade offers a wide range of financial products such as stocks, ETFs, options, futures, foreign exchange, bonds, mutual funds through Thinkorswim.。However, Xinma users can only trade stocks, ETFs, options and futures。Currently TD Ameritrade only covers the U.S. stock market。
The following is a brief introduction to the highlights of TD Ameritrade:
Year of Establishment | 1975 |
Trading platform | Thinkorswim Web Edition, Thinkorswim Desktop Edition, Thinkorswim Mobile App, Investment Network Platform |
Account Type | Managed Account (Custodian Account) |
tradable market | 美国 |
Investment products | Includes stocks, ETFs, REITs, options, futures, foreign exchange, bonds, mutual funds (Singapore users: stocks, ETFs, options, futures) |
Minimum Account Opening Center | 0 USD |
U.S. Stock Commission | Trading commissions for stocks and ETFs are zero; trading commissions for over-the-counter (OTC) stocks are 7.44美元。 |
U.S. Stock Contract Commission | 0 trading commission per option.$70; at 0.Table commission when closing any unilateral option at a price of $05 or less。 |
Access mode | Singapore Bank Transfer, International Wire Transfer。 |
Minimum amount of deposit and withdrawal | 0 USD |
Access fee | 25美元 |
Account idle fee | None |
Advantages of Demaili Securities
Zero commission charges for U.S. stocks
TD Ameritrade is one of only four brokerages in the U.S. that have a "zero commission on U.S. stocks."。Trading commissions for TD Ameritrade stocks and ETFs are zero; while trading commissions for OTC (over-the-counter) stocks are 7.44美元。This allows users to buy their favorite stocks at other costs.。
Large global assets
After the merger of Schwab and TD Ameritrade, they became the world's largest brokerage firm under asset management。According to the data, Schwab Financial reiterated that its asset management scale reached 7 in 2021..$614 trillion。As a result, TD Ameritrade faces very little risk of being underfunded and not going bankrupt, and users can rest assured that TD Ameritrade。
No minimum account opening convenience, online account opening convenience
TD Ameritrade online account opening process can be said to be fast and convenient, and there is no minimum account deposit requirements。The online account opening process runs for no more than 20 minutes to live, just fill in the basic information yourself, upload your ID card, proof of address, and payroll.。
The team measured that after submitting the application for opening an account, it only takes 1 working day to pass the review and complete the account opening.。
Thinkorswim trading platform is easy to use
TD Ameritrade Launches Thinkorswim Trading Platform Recognized as the Best Trading Platform for Beginners。
Thinkorswim is available in three editions - Desktop, Web, and Mobile App。Users can set up according to their needs on the Thinkorswim platform, query investment index information, screen stocks, read analysis reports, watch CNBC news stations and other rich features and functions, easy to use。
In contrast, the Thinkorswim desktop version is more complex and suitable for investors who need to watch the market and have experience with trading options.。It is recommended that novices use the web version or mobile application version to operate。
Demaili Securities Disadvantages
Only US market investment products may be traded
TD Ameritrade is not likeInteractive BrokersOther well-known online brokerages such as Tiger Brokers cover multiple markets and investment products, and TD Ameritrade currently covers only the U.S. market.。
Zero-share trading is not supported (zero shares)
TD Ameritrade does not support zero-share trading。Zero-share trading means that investors can buy less than 1 unit of stock.。
For small capital investors, it is more difficult to invest in companies with higher stock prices such as Amazon (verbal stock price 2774 parlance), and it takes 2774 parlance to buy 1 unit。However, if the broker supports zero-share trading, the investor can then buy less than 1 unit of stock, such as 0.Amazon only needs $832 for 3 units。
Therefore, the minimum unit for trading shares in TD Ameritrade is 1 unit。
Malaysian users cannot log in to the website
In December 2020, the Malaysian Securities Commission (SC) added TD Ameritrade to the Alert List, resulting in most web providers banning users from accessing TD Ameritrade's website.。
If you use your computer to access the TD Ameritrade account opening page, the following screen will appear。
However, it is no problem to access the page using a mobile phone。Therefore, the SSF team used mobile phones to operate the whole process of account opening and deposit and withdrawal.。
If you insist on logging into TD Ameritrade with your computer, you can use VPN to log in。
Question: Why the Malaysian Securities Commission added TD Ameritrade to the alert list?Does this mean that TD Ameritrade is not safe?
Malaysia added TD Ameritrade to the alert list because the broker does not have diabetes in Malaysia and is not under the supervision of the Malaysian Securities Commission.。But investors aren't necessarily concerned that TD Ameritrade is regulated by all the world's top institutions.。We will introduce in the next chapter。
Customer service reply is slow
TD Ameritrade's customer service response was slow, the SSF team asked customer service questions by asking on Monday and didn't receive a response from customer service until Thursday (four business days)。
If you contact customer service through the social platform chat room, they also need a working day to reply。
With Live Chat, users can get instant replies to moomoo, Tiger Securities, Longbridge Securities, POEMS and FSMOne compared to TD Ameritrade's customer service response speed is indeed a bit inferior。
Is it safe and legal to invest in Demaili Securities??
It is safe and legal to invest with TD Ameritrade。TD Ameritrade is regulated by the Securities and Exchange Commission (SEC) - Registration Number 008-23395, the Financial Industry Regulatory Authority (FINRA) - Registration Number CRD 7870, the Commodity Futures Trading Commission (CFTC), the Securities and Futures Commission of Hong Kong and the Monetary Authority of Singapore (MAS).。
All TD Ameritrade users are protected by the US Investor Protection Program (SIPC)。SIPC protection scheme prevents loss of cash and securities in case of brokerage bankruptcy。SIPC offers users up to $500,000 in account configurations, including $250,000 in cash.。
TD Ameritrade's business is handled by the Singapore branch。Therefore, Malaysian users are not necessarily concerned about security, as TD Ameritrade Singapore is regulated by the Monetary Authority of Singapore (MAS).。
Hey, since TD Ameritrade and Charles Schwab merged, they've become the world's largest brokerage firm with asset management。Charles Schwab (NYSE: SCHW) is listed in the United States and has a market capitalization of nearly $130 billion, five times that of Interactive Brokers.。
In summary, TD Ameritrade is heavily regulated by multiple agencies, plus they're the same company as Charles Schwab, so it's safe to invest with TD Ameritrade。
How to open an account in TD Ameritrade?
TD Ameritrade can apply for opening an account on the whole line, free of charge, can be completed in about 20 minutes, 1 to 3 working days can receive the approval notice。
What are the commissions and fees for TD Ameritrade accounts??
Matters | Commission |
Stock | $0; over-the-counter (OTC) 7.44美元 |
ETF | 0 Words |
Options |
Each 0.$70; at 0.Enjoy a delicious breakfast when closing any unilateral position at a price of $05 or less。 |
Futures | Each 2.41美元。 |
Payment Charges | 25美元 |
Platform charges | None |
Data Charges | None |
Account Idle Charge | None |
Who is suitable to use Demaili Securities?
TD Ameritrade's trading platform, Thinkorswim mobile app and web version are easy to use, and its features such as K-line chart analysis, technical indicators, company financial information, analysis reports, etc. are sufficient to prove the use of new investors.。If you want to use more advanced features, Thinkorswim's desktop version offers a richer variety of features for investors who need to watch the market.。
I think the biggest drawback of TD Ameritrade is that they only cover the US market and are not suitable for investors who want to invest in the market.。
TD Ameritrade is suitable for investors who want to focus on trading U.S. stocks, regular fixed-term U.S. stock ETFs, and depression trading.。Thinkorswim's desktop version of the professional analysis tool for heavy traders and active traders, suitable for veterans, while the easy-to-use mobile app and web version are suitable for novice and long-term investors.。
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