Introduction
TD American Trade is a leading online brokerage firm that provides a wide range of investment products and services to traders and investors. The company was founded in 1975 and has since grown to become one of the top brokerage firms in the United States.
History of TD American Trade
The company was originally founded as First Omaha Securities, Inc. in 1975. It was later renamed TD Ameritrade after a series of mergers and acquisitions. In 2020, TD Ameritrade was acquired by Charles Schwab Corporation, which resulted in the formation of TD American Trade.
Products and Services Offered by TD American Trade
TD American Trade offers a wide range of investment products and services including stocks, bonds, mutual funds, exchange-traded funds (ETFs), options, futures, and forex trading. The company also provides a variety of research and educational resources to help traders and investors make informed decisions.
Trading Platforms
TD American Trade offers two trading platforms: thinkorswim and TD Ameritrade Mobile. Thinkorswim is a desktop-based platform that offers advanced charting, scanning, and analysis tools. TD Ameritrade Mobile is a mobile app that allows traders to manage their accounts and trade on the go.
Commission and Fees
TD American Trade charges $0 commission on online equity trades and charges $0.65 per contract for options trades. The company also charges fees for certain services and products such as mutual funds and broker-assisted trades.
Customer Support
TD American Trade provides customer support through phone, email, and live chat. The company also has a network of over 300 branches across the United States where traders and investors can get in-person support.
Pros and Cons of TD American Trade
Pros:
- Wide range of investment products and services
- Advanced trading platforms
- No commission on online equity trades
Cons:
- Fees for certain services and products
- Customer service can be slow during peak hours
Conclusion
TD American Trade is a top online brokerage firm that offers a wide range of investment products and services. The company provides advanced trading platforms, a variety of research and educational resources, and excellent customer support. While there are some fees associated with certain services and products, the no commission on online equity trades makes TD American Trade a great choice for traders and investors.
FAQs
What is TD American Trade?
TD American Trade is an online brokerage firm that provides a wide range of investment products and services to traders and investors.
What trading platforms does TD American Trade offer?
TD American Trade offers two trading platforms: thinkorswim and TD Ameritrade Mobile.
How much does TD American Trade charge for online equity trades?
TD American Trade charges $0 commission on online equity trades.
What is the customer support like at TD American Trade?
TD American Trade provides customer support through phone, email, and live chat. The company also has a network of over 300 branches across the United States where traders and investors can get in-person support.
