TD Ameritrade is a leading discount brokerage offering a vast range of instruments including forex, stocks, futures, options and crypto. The company has nearly 40 years of experience and authorization from the SEC, FINRA and CFTC. Trading takes place via its well-known thinkorswim platform, which offers sophisticated tools and features including stock screeners and calculators.
SpeedTrader is an online stock broker based in New York. Founded in 1999, the brokerage provides direct access trading software to experienced stock traders, with over 25 routing options. The broker is authorized by FINRA and SIPC, providing robust client protection.
Comment by Reviewer
"Traders who want access to a huge range of stocks from a reputable broker with low fees should consider TD Ameritrade. On the downside, we miss access to the familiar MetaTrader 4 software."
"SpeedTrader will suit experienced and active day traders looking for very low fees and advanced platforms, in exchange for a $30,000 minimum deposit."
Advanced order types, including OCO and brackets
Automated trading capabilities, including robo-advisors
Several trading platforms including proprietary award-winning software
TD Ameritrade provides rich in-depth research and educational resources
Extended 24/7 trading hours allow for international access to the markets
The broker facilitates automatic syncing between desktop and mobile trading platforms
There is access to over 350 technical studies, 20 drawing tools and 8 Fibonacci tools
Active chat rooms to share ideas and communicate with thousands of experienced traders
The Economic Data tool allows access to a range of data about the health of global economies
Management Services and Essential Portfolios. Reviews of which show high levels of customer satisfaction
Portfolio margin gives some users increased leverage by basing margin requirements on total portfolio risk
Access a range of US stocks, options, bonds and mutual funds, plus extended hours trading available from 4am to 8pm EST
Two powerful platforms with level 1 price data, live news streams, advanced charting and more
Heavily regulated in the US by FINRA, plus SIPC compensation coverage up to $500,000
Competitive fees at $0.0009 per share and $0.25 per options contract
Reliable 24/7 customer support via live chat, telephone and email
Multiple routing options
Short selling aids
CFD trading not available
No MT4 or MT5 integration
Fractional shares are not offered
No direct cryptocurrency trading
Broker-assisted trade commissions are around $25
Stringent margin maintenance requirements and high fees
New traders may be overwhelmed by the vast amount of information and tools available
Only US stocks available, with no forex, commodities or cryptos
Not suitable for beginners with a $30,000 minimum deposit
Mobile trading is limited to iPhone and iPad users
Demo account valid for 14 days only
$30 inactivity fee every quarter
$35 withdrawal fee
Best Broker for Beginners 2022 - Investopedia Best Online Broker Awards
Best Online Broker for Stock Trading Platform and Research 2022 - NerdWallet's Best-Of Awards
#1 Platform & Tools, #1 Active Trading, #1 Options Trading, #1 Customer Service, and #1 Phone Support 2022 - StockBrokers.com Online Broker Review
Stocks, Futures, E-minis, Options, Forex, Crypto, ETFs, Volatility Index
Trade 70+ forex pairs including majors, minors or exotics via the desktop, mobile or webtrader app with no commission and 1:2 leverage. The choice of currencies is wider than most forex brokers.
Forex trading not offered
TD Ameritrade offers currency trading via Android and iOS mobile and tablet apps. Users can speculate on over 75 currency pairs with low fees and advanced trading tools. Deposit funds and manage accounts in a few clicks.
Gain exposure to cryptocurrency markets through OTC crypto trusts, mutual funds and ETFs and Bitcoin futures. This offers portfolio diversification opportunities and trading vehicles beyond standard crypto CFDs.