Commissions & Fees
Thanks to a pricing war, as of October 3rd, 2019, TD Ameritrade slashed its $6.95 stock trades rate down to $0, with options trades now costing just $0.65 per contract.
Even better, there are no additional charges for trading penny stocks.
Does TD Ameritrade have monthly fees?
TD Ameritrade does not charge platform, maintenance, or inactivity fees. Commissions, service fees, and exception fees still apply.
How much does it cost to open a TD Ameritrade account?
The company charges a flat $6.95 fee per trade, no matter how many times you buy or sell within the account. TD Ameritrade doesn’t have require a minimum cash deposit to get started, but if you want to do options or margin trading, you’ll need to have at least $2,000 in the account.
Is TD Ameritrade good for beginners?
TD Ameritrade is a well-known and popular stock trading platform. It provides powerful software for traders of all levels, includes some of the best trading tools and has recently lowered its pricing, making it a good option for experts and beginners.
Can I buy OTC stocks on TD Ameritrade?
Yes. Over-the-counter bulletin board (OTCBB) , pink sheets, and penny stocks can be bought and sold via the web, IVR phone system, or with a broker for the same flat, straightforward pricing that you get with other types of trades.