TD Ameritrade Review - Is it scam or safe forex broker?
TD Ameritrade Review - Commissions, Platforms, and Service ...
Forex.com vs. TD Ameritrade Forex Broker Comparison
eToro vs Other Brokers
I've been doing some research on brokers for trading US stocks, and eToro seems like a great option - no commissions, standard forex conversion fees for cashing in, $5 fee for withdrawals. However I noticed that more people in this sub recommend TD Ameritrade and IBKR who charge higher overall fees. Is eToro not as good as how it is advertised (i.e., hidden fees)? Or are other brokers just more superior?
US Traders- Anyone tried Thinkorswim by TD Ameritrade?
I'm currently using OandA for my demo account, didn't like Forex.com much at all, and just had the thought of checking out Thinkorswim by TD Ameritrade. I couldn't find much info on their website about forex, so I called and asked them questions. Here's what I found out:
They don't have commissions, but they build in their cost into the spread (like many others)
No charge to deposit or withdraw money (Nice, much better than OandA's $20 fee for withdrawing my gains)
No other fees
Custom scripting available in their charting software, which is built in
I forgot to ask about minimum lot size, but I can call back and get that info.
Reviewing the 5 Best Online Stock Trading Sites – Vintage Value Investing Interested in investing but don’t know where to start? Online stock trading sites makes it easier than ever to learn and invest in the comfort of your own home. The research team at Reviews.com decided to research the options on the market to find the best platforms for beginners and superinvestors alike. After diving deep into the financial scene with stock experts, they put together the following research to help anyone get started. The following guide was originally featured on Reviews.com (https://www.reviews.com/online-stock-trading/).Criteria for the Best Online Stock Trading Sites It’s a tumultuous time for online stock brokers. The players have largely remained the same, but between significant cuts in commissions and a few major acquisitions (E*Trade acquired OptionsHouse; TD Ameritrade and Scottrade merged; Ally Invest now lives under Ally Bank), the competition is fierce. This is all to say there..... Continue reading at: https://vintagevalueinvesting.com/reviewing-the-5-best-online-stock-trading-sites/
Hi All, I just got this message from my overseas broker (TD Ameritrade) "Dear Valued Client, We have important news about your account. Because of a New Zealand regulatory requirement, accounts with a New Zealand address will no longer be allowed to maintain options, futures, or forex trading privileges. This permission(s) will be removed from your account on or after September 30, 2019. There will be no other changes to your service. Your trading platforms, commissions, and interest rates will stay the same. " Anyone know what regulatory requirement they are talking about? Also do you think its just a TD Ameritrade issue (e.g they can't be bothered complying) or will other brokers have the same issue? Thanks
ive never used reddit before so hold the bashing if im using it incorrectly. but heres my situation, im 17 trying to start investing, i wouldn't say im a "beginner" but by all means im no professional. ive been studying the broad idea of trading things suck as stocks forex, mutual funds money market accounts, etc. but ive deeply been studying stocks, specifically lower cost stocks. i really want to start investing but only have $500 dollars saved. i have an idea of what im doing as far as following trends, chart indicators, stock fundamentals, valuations. also i already have a td ameritrade account but ive just been using it as a tool, and have been investing fake money in the investopedia simulator. im just seeking some opinions on started with the capital i currently have. i dont plan on investing it all right away. i want to buy 1 stock at a time and study the outcomes and gains i get from it. and yes i plan to do lower cost stocks which some of you will hate on since theyre considered penny stocks. im not going to invest on impulse but on logical analytical decisions. also i was wondering if anyone has suggestions on what online broker to use. i personally love TD but i know their commission is going to hit hard in some investments. i do plan on eventually day trading so if anyone broker that offers a discount on active traders please suggest them. also im loving the think or swim layout if you know of a similar brokerage with similar tools. so to shorten the questions up: 1) with $500 and good amount of beginners knowledge, do you think i would be ok to hop in? 2) what brokers do you prefer and why?
Reviewing the 5 Best Online Stock Trading Sites – Vintage Value InvestingInterested in investing but don’t know where to start? Online stock trading sites makes it easier than ever to learn and invest in the comfort of your own home. The research team at Reviews.com decided to research the options on the market to find the best platforms for beginners and superinvestors alike. After diving deep into the financial scene with stock experts, they put together the following research to help anyone get started.The following guide was originally featured on Reviews.com (https://www.reviews.com/online-stock-trading/).Criteria for the Best Online Stock Trading SitesIt’s a tumultuous time for online stock brokers. The players have largely remained the same, but between significant cuts in commissions and a few major acquisitions (E*Trade acquired OptionsHouse; TD Ameritrade and Scottrade merged; Ally Invest now lives under Ally Bank), the competition is fierce.This is all to say there is no one..... Continue reading at: https://vintagevalueinvesting.com/reviewing-the-5-best-online-stock-trading-sites/
Hi! I'm new to forex and this subreddit and was wondering if anyone uses TD Ameritrade for your broker. I transferred some money from my main account yesterday into a forex account. The spreads seem decent, usually around 0.0001 during the active sessions. There is no additional commission for the $10000 lots which is good. The margin is $210 per lot. I'm not sure if this is good or not. The main reason I started a forex account with TD Ameritrade is because I have some equity buy and hold positions and would like to continue trading futures at some point. Commissions for futures are kind of high, but I guess that's part of the price to pay for having an all in one broker. Just wondering anyone's thoughts on using TD Ameritrade for forex.
Hey everyone, first things first - I've already read through the sidebar & have done plenty o' research on my own. I started trading in April, worked with a coach all summer, and have been daytrading with a PDT account since August. I'm looking into expanding or switching to forex, and I'm hoping some of you could provide me with some insight into a few concepts. I've been papertrading w/ ToS this past week to see how applicable my strategy is. Before you tear me apart for using a demo account - this is the first demo account I've used, and I've built up enough emotional scar tissue to where money is now just numbers on a screen to me. I had a mild, big loss + stress fueled breakdown in September and had to take a brief sabbatical to contemplate and consider my life's path (a few days of heavy drinking, a few more of sobering up, and a week of self reflection), but I got all that figured out so yeah... Anyway!
Has anyone done real trading with TD Ameritrade? I already have an account with them so it would be sooo nice if I didn't have to open ANOTHER brokerage account (it would be #5 for me... too many to keep track of). In addition, I'm 20, so I'm not able to trade Forex with IB. Once I turn 21 I'll obviously be moving to them. For now, though, TD sounds alright because I know ToS inside and out, I've had an account with them for years, and the spread doesn't seem too bad as it's usually about 1 pip.
Is there an accurate, reliable, real-time source for volume data? Volume is of course a pretty important part of trading, but as far as I can tell, most brokers only provide volume data for trades placed through their system. I understand that this is a result of the lack of a central forex market, so what can I do to compensate? Is there an aggregation service that pulls volume from multiple sources? Or do I have to rely on volume approximations based on spread, time of day, ticks, etc?
Is there any sort of L2 for Forex? Again, a decentralized exchange problem.
For those who are profitable - what's your average hold time? I try to keep it under a day, and that's always worked for me.
Again, for those who are profitable - what's your thing? Order flow? Price action? TA? Not looking for specific strategies, just a general view of what works.
Has anyone made the switch from stocks to Forex? What was your experience like? How much did you have to learn/relearn to adjust to the FX market?
option stack: historical options backtesting. Stop guessing and start testing your crazy ideas.
alta 5 : automated options trading integrated with TD Ameritrade. Automate strategies.
Think or Swim Volatility step: Analyze tab >Risk profile > click lines drop down > click vol step > 4 + vol step, then click the step drop down and do -5.0 for decreasing volatility. This allows you to see how volatility affects the p&L of a trade.
Think or Swim: earnings tab, see if Implied volatility was right or wrong. aka did premium sellers win or lose by earnings date.
Call your broker and negotiate a lower commission. Free money if you already trade frequently.
Index options, Futures & Futures options are taxed favorably if you are in a taxable account.
Futures options are not subject to 25k minimum PDT ( pattern day trader rule)
Recognia classic pattern scan, sends you emails so you dont have to scan the universe of stocks.
Tip Ranks for fundamental research. "stock gurus" have an actual track record now
Hi. So, I've traded leveraged assets before... namely options. Recently, I discovered forex, and I realized certain immediate advantages:
Better bid-ask spreads than options, by a lot. (for options, 6-10% is considered a good bid-ask spread, with most being upwards of 30-40%).
Better commissions, at least from my broker. TD Ameritrade basically doesn't charge commission on forex trades.
Buying power recycles immediately, allowing me to trade however much I feel like. As I like to trade microtrends (trends that are 1 hour long, max), I particularly love this.
The currency pairs are open at weird hours, so I can trade after work or even in the middle of the night, allowing me to direct my full attention to trading whenever I have a free gap in my schedule, whatever time of day that might be.
All of that being said, I am extremely uneasy about certain aspects of forex, and maybe some of you can help me out. My biggest concern is margin. As I said before, I traded options, which are leveraged derivatives. However, the leverage built into options contracts is not the same thing as margin leverage. With options, I could still only lose my own money. Personally, in my entire time trading, I've had very few problems with my orders, but I was always trading in cash accounts, so I never much cared if there were minor hiccups. My worries are:
What if I overlook some important news, and a currency nosedives (like the EUCHF did in January) while I'm in a position? Normally I place a stop order and don't give it any more thought, but with margin, the question becomes more important... could a stop order fail?
What happens if trading halts while I'm in a leveraged position, and I'm unable to sell in time?
If I'm in a position on margin, and I am unable to stop it in time, I hear that the broker will attempt to do a "closeout" and close my position out. But what if the market isn't open at the time, or the broker doesn't close the position out in time?
Is there a limit on how much money I could owe my broker in case my margin blows up? I mean, I've heard of accounts going negative, but how negative could they go? My trading style usually involves being in a maximum-leverage position for a very short amount of time (usually a few minutes), and it's worked decently for me with options, but I can imagine a horror story with forex that couldn't really happen in the options world: what if I go all-in on a $20,000 position leveraged 50:1, and something goes terribly, horribly wrong 2 minutes in, and my stop order doesn't take me out for whatever reason, and the broker fails to catch it in time? Could I be liable for $1,000,000? What would you even do in that scenario, hire a lawyer?
Forgive me if these are noob margin questions, but I haven't really read any personal stories of people actually losing a bunch of margin on a leveraged position. I've heard of forex brokers filing for bankruptcy, but not individual traders over a forex trade... does this happen? And if so, how often, and what do you guys do to deal with the extraordinary leverage in the forex world?
TD Ameritrade Futures & Forex Llc offers just one type of live trading account: a standard account, which can be individual or joint. In theory there are two options for minimum deposit requirements: $50 for a standard account and $2000 for “margin privileges”. In practice, however, the minimum deposit requirement for trading in forex is $2000, as per Ameritrade's conditions for margin ... This move will put some hurt on the firm's revenues, however. Schwab's revenue from commissions was just under 6% for the quarter ending March 31, 2019, but TD Ameritrade generated 32% of its net ... TD Ameritrade charges no fees outside of their commissions and margin interest. They do not charge for the use of their trading platforms, market data, quotes, news, or anything else. The lack of software/data fees is a huge selling point for Ameritrade as they offer one of the best software packages in the industry. Forex fees. TD Ameritrade's forex fees are low. Its main rivals Charles Schwab and E-Trade don't offer forex trading, so we looked at Interactive Brokers to compare forex trading fees. To have a clear picture on forex fees we calculated a forex benchmark fee for major currency pairs. This catch-all benchmark includes commissions, spreads and ... Commissions & Fees. Rank: 10th (of 30) While its US stock-trading is at zero dollar commissions, TD Ameritrade's forex pricing is slightly higher than the global industry average, yet is comparable to US competitors such as OANDA and FOREX.com. Estimated carry costs: It's worth noting that TD Ameritrade provides a useful calculator tool that can help traders estimate their cost-of-carry for ... As of April 5 th, 2020, TD Ameritrade Futures & Forex LLC offers forex trading from 6:00 p.m. – 5:00 p.m. ET daily, Sunday through Friday. You have many choices in Forex trading with TD Ameritrade, including over 70 different currency pairs. At TD Ameritrade, Forex currency pairs are traded in increments of 10,000 units and there is no commission. However, the cost of the trade is reflected ... Commissions & Fees. Investment Offerings. Trading Platforms. Customer Service. Education and Research. Trustworthiness. 3.8. Summary . As any forex trader will tell you, the right broker can make all the difference. TD Ameritrade is one of the largest and longest-serving forex brokers in the industry. They offer a variety of account types and product offerings as well as tools, such as a ... TD Ameritrade Futures & Forex Llc offers just one type of live trading account: a standard account, which can be individual or joint. In theory there are two options for minimum deposit requirements: $50 for a standard account and $2000 for “margin privileges”. In practice, however, the minimum deposit requirement for trading in forex is $2000, as per Ameritrade's conditions for margin ... TD Ameritrade fees schedule, commissions, broker stock trading cost, charges, online investing account pricing, and cash sweep rates. TD Ameritrade Commissions Structure . Investments Commissions; Stocks and ETFs: $0: Stocks and ETFs broker assisted: $25: Options: $0.65 per contract: No-load mutual funds: $49.99: Treasuries at auction: $25: All other bonds and CMOs, CDs: on a net yield basis ... TD Ameritrade Futures & Forex LLC utilizes JP Morgan Chase Bank N.A. as its forex prime broker. Liquidity providers are JP Morgan, Citadel Securities, XTX Markets, HC Technologies, and Virtu Financial. Additional forex execution data is available by request. You may request transaction data for up to 15 trades that occur in the same currency pair immediately before and after your trade. The ...
TD Ameritrade Holding Corp. (NASDAQ:AMTD) announced Tuesday evening the brokerage firm will eliminate commissions for its online exchange-listed stock, ETF a... TD AMERITRADE Announce FREE COMMISSIONS! Young Money Investments. Loading... Unsubscribe from Young Money Investments? Cancel Unsubscribe. Working... Subscribe Subscribed Unsubscribe 4.14K ... TD Ameritrade now offers $0.00 commissions on online trades. We charge you less, so you have more to invest. Yes! You can lower commission on TD Ameritrade. Here's how I did it. Commissions are an important part of your trading and impact your P&L. Traders with smal... Here are my 3 biggest issues with TD Ameritrade after they went commission free. Every platform has issues and TD might be on the top of the list for needing...