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| Photo Credit: StockMonkeys |
There
are more than 7.2 million people worldwide including Americans who
have invested their money with TD Ameritrade. The only drawback of
this platform is the fee structure where you will have to pay $9.99
for trading each stock or EFT irrespective of its size. If you take
the help of a broker then you will have to pay $49.99 for trading
each stock, EFT or Mutual Fund, $25.00 for trading each Treasury bond
and $3.50 for trading each feature.
Working
with TD Ameritrade is a great experience as the platform is very easy
to operate even for novices who have not used the internet earlier.
It is very easy for you to find all the information you require and
in initiating actions to start trading.
Pros
and Cons
The
greatest advantages of working with TD Ameritrade is that they provide
tools which help you to do your research and educate yourself to
understand which trade is going to be profitable and which not. They
have invested a large amount of money to provide access to webinars
both current and archived ones, articles for helping you, workshops
and a long list of other tools to educate you. You are able to
access the results of the research carried out by reputed third
parties related to the industry. The tools are very easy to use for
gathering all the information you need. All these tools will help you
select the best investments which can suit you.
Changes,
which take place overnight, can cause the investors gain or to lose a
lot of money if they have to wait for the next day before they can
carry out another trade. This company believes that time is money and
allows you to trade after regular hours without charging anything
extra for it.
The
reputation of TD Ameritrade is upheld by Barron and Smart Money as
they have given a rating of 4 points out of 5 to this company. This
rating places the company among the topmost ones which have research
platforms. They also have given the company a low rating as far as
the cost of trading is concerned. Smart Money has rated TD
Ameritrade as the third top company which can be used by online
investors. It has rated the company’s banking services and online
tools as some of the best which are available. The only thing that
has been shown in poor light by Smart Money is the fee structure.
As
an investor, you may always want an access to the information even
while you are travelling. TD Ameritrade has followed in the footsteps
of other companies that have given their investors access to the
platforms while being mobile and has come up with one of the best of
its kind. The application designed by TD Ameritrade can work on any
iPhone or iPad, BlackBerry and any hand held device working on
operating systems like Windows or Android.
Conclusion
The
company is a great one to work with though the fee structure has left
a lot to be desired. If you consider the tools, they provide for
doing research and for gathering information while you educate
yourself; then you will find that the high fee structure is worth it.
You will find the tools they provide are far better than those
provided by other platforms, and this is the reason why the company
is trusted by millions of its clients.
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