TD Ameritrade consistently makes our list of the best stock brokers. Here are a few reasons why it continues to impress us.
Cutting-Edge Trading Platforms
The Thinkorswim trading platform at TD Ameritrade is one of the most state-of-the-art on the market today. It boasts over 400+ technical studies. Other built-in advanced tools include monkey bars, renko charts, drawings (up to 20), and Fibonacci tools. Traders with coding knowledge can use thinkScript to build their own testing algorithms. And Thinkorswim even has its own proprietary stock screener called Stock Hacker.
The main TD Ameritrade platform is very capable as well yet may not seem as overwhelming to less experienced investors. It supports all of the same assets and nearly all of the same order types (with conditional orders being the key exception) as Thinkorswim.
Both platforms are available on web, desktop, and mobile. And regardless of which platform you use, you can practice trading without risking your own money and can open a margin account (provided that you meet the balance requirements).
Wide Variety of Account Types
As a full-service brokerage, TD Ameritrade offers just about any type of account that you may want. That includes:
- Joint Tenants WROS (With Rights of Survivorship)
- Traditional IRA
- Roth IRA
- Rollover IRA
- 529 plan
Margin accounts are also available for qualified clients. Another advantage to TD Ameritrade is that it has no minimum deposit requirement. This makes it easy for investors, both large and small, to start investing immediately.