By: Cristina | Last updated May 10, 2019 
An online stock trading service is a necessary tool for you to be able to keep track of your stocks and observe immediate changes in the market. One that has accurate feedback, countless features, and a simple interface is one that will definitely attract most users. TD Ameritrade boasts these features along with their amateur-friendly functions.
Features
As proof of the service being friendly to newcomers, TD Ameritrade does not require a minimum investment in order for a user to start an account. This ensures that those who are still testing waters will be able to slowly get into the flow of trading as they slowly learn how to do it.
TD Ameritrade is not a new name on this market and is actually one of the most well-known of its kind. It has a simple software that can be used by all users regardless of experience. Its platform is named thinkorswim. Customer reviews for it are positive. They cited its simplicity, its various features, and its low learning cap.
It comes with premade watchlists for you to react easier to movements in the market. It has a search function that lets you look for specific stocks. Alerts are given whenever price ranges and scenarios occur. The platform is also customizable in order for you to prioritize certain tools. Information is easily seen because of its simple design. This is also integrated to either an iPhone, iPad and Android phones and tablets. This makes it easier for you to monitor stocks because of its convenience.
The service offers charting tools that have 300 technical indicators. This aids in your trading strategies. There are also 15 pre-programmed strategies for trading. This is a huge number in comparison to other trading services.
Aside from its trading features, it also teaches new users with education materials. It contains the basics of trading, webinars, archives that teach about market and trading, portfolio management, and a three-level system to rank the knowledge of traders. It is mostly focused on introducing the thinkorswim platform. They utilize the use of videos and training manuals in order to teach users.
Cost
TD Ameritrade is priced at $6.95 for stock trading. You can add $0.75 for a commission per contrast. Asking for the assistance of a broker makes the price $44.99. You can add $0.75 per contract. Keep in mind, though, that there is no start-up fee that you need to deposit for opening an account. You can invest in mutual funds, CDs, options, bonds, and stocks.
Their robot-advised Essential Portfolios can also aid you in creating portfolios. This will require you to put a minimum deposit amounting to $5,000 though.
TD Ameritrade offers innovative and useful features all under a platform that is simple and easy to use. They teach newer online traders who want to learn the basics of trading along with information about their platform. Having no initial deposit before trading also makes them a good choice for amateurs. They offer a lot of investment opportunities and discounts for their brokers.
