Td ameritrade cons higher than average mutual funds commissions td ameritrade has a disadvantage 49. 99 commission on most mutual funds, including many popular funds.
td ameritrade is a standout for research tools, a large fund selection and customer support.
the fines associated with td ameritrades offenses range from 500 all the way up to a staggering 2. In 2018, the sec fined td ameritrade 500,000 after it found that the firm had not filed suspicious activity reports for 111 of its independent investment advisors that it terminated.
some customer reviews of td ameritrade state that the android app is a little glitchy and the options can be overwhelming for beginners. However, overall, users report loving the easy-to-use trading platforms, low fees, and multiple options for investing and trading. To protect customer data, td ameritrade uses firewalls and 128-bit encryption.
Td ameritrades trading fees are low, and its desktop trading platform thinkorswim is one of the best on the market. On the negative side, td ameritrade services are available only in the us and a few other countries, and you can trade only on us markets.