Brokerage Services include:

• Ameritrade offers trading in Stocks, Futures, Options, Options on Futures, Mutual Funds, ETFs, and 70 Forex pairs.

 

Ameritrade Account Information:

There is no minimum account balance on Ameritrade, but a minimum of $2,000 is required to get options and margin privileges.

• The fastest way to open an account is via the internet
• Traders can also call 24/7 the 'New Client consultant' at 800-454-9272

Ameritrade is offering the following types of accounts:

1. Standard Account
2. Education Account
3. Retirement Account
4. Spatiality Account
5. Managed Account
6. Margin Account

 

Ameritrade Trading Commissions:

(1) Stock and ETF Trading

• Internet Stock/ETF Trading at Ameritrade starts at $6.95 / trade
• Interactive Voice Response (IVR) $34.99 / trade
• Broker-assisted $44.99 / trade

(2) Options Trading

• Options (internet) trading starts at $6.95 / trade plus $0.75 per contract
• Options exercises & assignments $19.99 {Exchange fees may vary, regulatory fees are assessed by the NFA and are currently $0.01 per contract)

(3) Futures & Options on Futures

• $2.25 fee per contract (plus exchange/regulatory fees)

(4) Forex Trading

• Trading spreads plus Commission / Non-commission pricing
• The commission is $0.10 per 1,000 units with a minimum charge of $1.00
• Max leverage is 50:1 on Forex majors and 20:1 on exotic pairs

 

Ameritrade Key Features:

1) Offers two (2) main trading platforms: ThinkOrSwim, WebTrader, and Mobile Traders for all popular devices (check platforms below)

2) Ameritrade offers 3rd-party research (Jaywalk, Standard & Poor's, Morningstar, and TheStreet)

3) Online Trading Community

4) After-hours trading

5) No maintenance and inactivity fees

6) Cash Management offering (unlimited check writing with no per-check minimum amount)

7) TD Ameritrade pays interest on eligible free credit balances

 

Client Protection

• TD Ameritrade is a member of SIPC (Securities Investor Protection Corporation), which protects customers of its members up to $500,000, and that includes $250,000 for claims for cash (https://www.sipc.org).
• If a client loses cash or securities due to unauthorized activity, Ameritrade promises to reimburse him for the cash or securities he lost.

 

Ameritrade Trading Platforms:

These are all the available trading platforms by Ameritrade:

(1) Ameritrade Thinkorswim

A stock-trading platform for professional-level traders:

o Variety of trading tools for applying advanced strategies

o Market scans by monitoring risk/reward ratio

o Onboarding training tools

(2) Ameritrade Web Platform

For beginners and everyday traders:

o Provides access to independent 3rd party research

o Educational resources for traders

o Track market sentiment and volume (via social signals)

Ameritrade Mobile Trading:

Ameritrade is offering apps for iOS and Android mobile devices.

o Variety of device-optimized mobile apps

o Including an individual app for Apple Watch™

o Trade Stocks, Forex, ETFs, Futures, Options

o Fully manage your trades, and more (alerts, ideas, etc.)

o Streaming CNBC & International CNBC

 

Ameritrade Promotions/Bonus (at the time of the review)

• Trade free for 60 days when you deposit $3,000 or more
• Get $100 and trade free for 60 days when you deposit $25,000 or more
• Get $300 and trade free for 60 days when you deposit $100,000 or more
• Get $600 and trade free for 60 days when you deposit $250,000 or more

 

 

⚖️ AMERITRADE REVIEW PROS AND CONS
☑️ AMERITRADE REVIEW ADVANTAGES	❌ AMERITRADE REVIEW DISADVANTAGES
√ A wide variety of trading accounts and financial-traded assets √ No maintenance and inactivity fees √ No minimum account balance √ Online Trading Community √ Available Researching Tools √ Unlimited check writing √ Interest on eligible free credit balances	X Expensive broker assistance X Comparatively expensive commissions

 

🔗 Website: Visit Ameritrade

■ Ameritrade Review

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