This review will cover these topics:
- Tools and Platforms
- Investment Products
- Education and Research
Tools and Platforms
Like any other big brokerage, their tools are well taken care off and are stable and usable.
Their web platform features a clean interface that can be sluggish at times. But it is very usable and easy to operate.
Web platform screenshot:
The trade architect, is your personal research center for the market. With heat maps, charting tools, option strategy builder, real-time market data, news, market commentary and insights from the trading community and a live streaming tv feed from CNBC and Tastytrade.
The thinkorswim platform is a great trading platform, from the creators of Tastytrade. It includes trading tools and analytics to trade equities, options, futures, and forex in your own personal trading HQ with a live tv stream like the Trade Architect. This product features a charting package, market monitor, beta weighting calculator, pairs trading tool, easy paper trading, an options strategy roller and a company profile search.
Thinkorswim platform screenshot:
Two mobile trading apps are available, for iPhone, iPad and Android. The TD Ameritrade Mobile App, lets you easily analyze and discover and make trades. And the TD Ameritrade Mobile Trader App takes is to the next level, and makes it possible to trade complex options options, futures and forex. With streaming CNBC and Tastytrade.
Screenshots of the mobile trading apps:
Their web platform also allows for mobile devices to access the site. They are presented with a version specifically intended for mobile devices.
A long list of tools and calculators, is also available from them. These mostly help you calculate things like time value, cost of waiting and early payout of a retirement plan.
Although the do not provide access to international markets, they do provide pretty much everything else. Available are annuities, bonds and CDs, ETFs, Forex, futures, mutual funds, options and stocks.
They are not one of the cheaper brokers. And their standard fee of US$9.99 to trade stocks, ETFs and options is on the more expensive side. All their pricing shows that they are more focused on the longer term traders, that make infrequent big trades and hold those trades for long periods of time.
Education and Research
Their education section is mainly meant for inexperienced traders, with just a few videos and publications intended for expert traders. Top quality education nonetheless.
In-depth research is provided to customers for free by independent companies Morningstar, S&P Capital IQ, Thomson Reuters and Dowjones. Additionally they provide searches, screeners and wizards to easily find stocks, options, mutual funds, ETFs, bonds or CDs that match your criteria.
All in all a very good broker worth checking out, no matter what kind of a trader you are.
More related AlphaJudge reviews:
- No minimum amount is required to open a trading account with them.
- Low fees for making big trades.
- Good trading platforms.
- Free independent research and market commentary.
- Branch locations nation wide.
- The fees they charge are usually higher than other brokers.
- No access to international markets.
- High fees for day traders.
- Website can be slow at times.