The image shows the user interface of the mobile trading application, highlighted by its intuitive and easy-to-navigate design.
The main screen presents a clear and concise view of the market, with quick access to a diverse range of assets, including stocks, forex, and indices.
This platform supports advanced order types, providing traders with additional flexibility in managing their trades and implementing various trading strategies.
Advanced Order Types
This platform allows traders to engage in multi-asset trading, enabling them to trade various financial instruments, including stocks, ETFs, forex, and more.
This platform has been in business for over 20 years, demonstrating its experience and reliability. Users can trust the platform's long-standing presence in the industry.
+20 Years in Business
This trading platform lacks comprehensive educational resources, making it challenging for traders to access valuable learning materials and enhance their trading knowledge. Without access to educational resources, traders may struggle to understand complex trading concepts, strategies, or market analysis, limiting their ability to make informed trading decisions.
Lack of Educational Resources
This trading platform offers limited customer support, leading to delays in resolving issues or inadequate assistance for traders. With subpar customer support, traders may face challenges in getting timely responses to their inquiries, resolving technical difficulties, or receiving necessary guidance.
Poor Customer Support
PROS & CONS
TD AMERITRADE THINKORSWIM
A professional-level trading platform for serious traders looking for elite level tools to perform analyses and test strategies. It is fully customizable.
How to Open a Trading Account with TD Ameritrade
Opening a trading account is a process that involves several key steps to ensure both your trading needs and the broker's regulatory requirements are met. Below, we describe the process in detailed steps:
Visit the Broker's Website: Access the official website (found in the index of this review). Look for the option to open a new trading account, which is usually clearly indicated on the main page.
Complete the Registration Form: Provide your personal details, such as name, address, email, and phone number. Depending on the broker's need to know you better as a client, additional information about your trading experience, employment, and financial situation may be requested.
Identity Verification: Upload documents to verify your identity and residence. This generally includes a photo ID (passport or identification document) and a proof of address (utility bill or bank statement).
Set Up Your Trading Account: Configure aspects of your account, such as currency type, leverage, and, in some cases, trading preferences.
Deposit Funds: Make an initial deposit using one of the payment methods accepted by the broker (We detail the alternatives later).
Access the Trading Platform: Download and install the trading platform. Log in with your account details.
Practice with a Demo Account (Optional): Practicing trading with virtual funds before risking real money means you won't be surprised when using real money.
Start Trading: Once your account is set up and funded, you can start trading.
How to Deposit
Once you have decided how much to deposit and which method to use, making the deposit is simple and quick. Just follow these steps:
Log in to your newly created account.
Click on "Deposit Funds".
Enter the amount and select the currency.
Finally, select your chosen deposit method. Don't worry, it's a secure and private process. Transactions are communicated using Secure Socket Layer (SSL) technology.
Below we show you the available alternatives.
TD Ameritrade is an online trading platform specializing in stocks, options, and futures. It offers a variety of analysis tools and access to multiple markets.
Investment Industry Regulatory Organization of Canada
Commodity Futures Trading Commission
ASSETS & SERVICES
Stocks: A wide selection of stocks with commission-free trading.
ETFs: Variety of ETFs available for trading and investment.
Forex: Trading options in the forex market with major and minor pairs.
Funds: Access to a diverse range of mutual funds.
Bonds & Fixed Income: Investment in bonds and other fixed income instruments.
Options: Options trading for versatile investment strategies.
Futures: Including cryptocurrency futures, for investors interested in future markets.
Cryptocurrencies: Cryptocurrency trading, expanding investment options in digital assets.
TD Ameritrade is one of the largest stockbrokers in the US, known for its wide range of asset classes and commission-free stock trading.