TD Ameritrade 300
TD Ameritrade rating

TD Ameritrade IRA Review: ROTH / Traditional IRA, SEP, Simple, 401k Rollover Retirement Accounts Fees and Cost 2020



Overview of Retirement Accounts at TD Ameritrade


TD Ameritrade offers a variety of investment products at low cost to investors. With top rated trading tools and cash management features as well, TD Ameritrade is one broker worth taking a look at.


What You Get With TD Ameritrade Brokerage IRA


A TD Ameritrade retirement account includes several key products and services:

IRA types offered - Traditional IRA, Individual 401k, ROTH IRA, SIMPLE IRA, SEP IRA, Custodial, and Rollover IRA.

The online brokerage interface - An easy to use browser-based or phone app for trading and to check balances and positions.

Training for new and experienced investors - Extensive reading and video material to help a novice investor.

Research tools for individual investors - Screeners, research and alert tools to enable more efficient trading.

Access to 450+ TD Ameritrade branch offices - The ability to make a deposit/withdrawal in person or talk about a transaction.

ThinkorSwim trading platform – Professional trading platform is available at no additional cost.


TD Ameritrade Commissions and Fees


Trading stocks and ETF’s carries a $0 charge. Placing a trade while using a live broker costs $25. Options are an extra $0.65 per contract.

The broker also provides access to a wide selection of 13,000 mutual funds, of which over 4,200 carry no transaction fee and no load (commission-free to buy or sell). Transaction fee funds carry a $49.99 charge.

TD Ameritrade does offer investors access to both government and corporate debt. The broker is compensated through the bid-ask spread on most CD’s and bonds. Treasuries are $25 at auction.

The company does not charge additional fees for after-hours or penny stock trading. They also do not charge account inactivity or account maintenance fees.

There is no minimum deposit required to open an account at TD Ameritrade.


IRA Fees


TD Ameritrade has no IRA fees: individual retirement accounts are free to open, maintain and close. There is no account inactivity fee. It just doesn't get any better.


Open TD Ameritrade IRA


Get $0 commissions and ACAT fee reimbursement.

Open TD Ameritrade Account



Research Tools


TD Ameritrade offers in-depth research for stocks, ETF’s, options, and mutual funds. Customers have access to free stock and ETF reports from TheStreet.com, Credit Suisse, S&P Capital IQ, Morningstar, and others.

Investools is an educational service owned by TD Ameritrade. It offers courses at the beginner, advanced, and expert levels on a variety of financial topics, such as options, forex, and stocks. Resources in these courses include interactive coaching webcasts and live online workshops. The price of the courses ranges from $500 to $3,000, although TD Ameritrade clients receive a discount by as much as $1,000.


Trading Tools


TD Ameritrade provides two trading platforms all with free Level II quotes and no platform fees: website-based trading and Thinkorswim. Their website-based trading is intuitive, user friendly and easy-to-navigate. This is ideal way for beginner investors to invest and practice trading. At the bottom of the page is SnapTicket, which makes trading stocks, options, and ETF’s simple and easy from any page on the site. This well-organized design allows trading stocks, options, mutual funds and ETFs with just a few clicks.


TD Ameritrade ROTH IRA review


For traders who want to go outside the web site, there is, thinkorswim. This platform is a stand-alone program. It offers stock analysis, market news, account info, and order entry. Thinkorswim is designed for advanced traders.

A great tool that TD Ameritrade offers is their paperMoney, a practice platform within thinkorswim that allows traders to simulate trading stocks, ETF’s, options, forex, and futures. This platform would be a great benefit to investors who are interested in options or futures, or even stocks and ETF’s, but don’t have any experience trading the products. Customers can use paperMoney to get their feet wet before diving into the deep end with real money.


Mobile Trading


TD Ameritrade has three different apps: Mobile App, Mobile Trader App, and a thinkorswim app. They can be used on iPhone, iPad, and Android.

The interface of the Mobile App is easy to navigate. Users can deposit a check, transfer funds, contact customer service, or place a trade.


TD Ameritrade IRA Review


Cash Management Features


A cash management account is available. It comes with free checks, a free Visa debit card, and no monthly account fees. ATM fees are reimbursed nationwide. The account balance is deposited in up to two FDIC insured banks, doubling the standard $250,000 insurance.


TD Ameritrade IRA Account


Customer Service


Customer service can be contacted via phone, fax, or e-mail or chat system. Phone service is staffed 24/7. Representatives are available certain hours of the day who speak Spanish, Cantonese, or Mandarin.
TD Ameritrade has more than 450 brick-and-mortar branches located across the United States for old school investors who want more personal investment assistance.


TD Ameritrade Pros


  • $0 commission on stocks and ETF's
  • Very few fees and no surcharges on stocks under $1, large orders, or after-hours trading
  • Large and well-known company with 450 local branches
  • Two excellent trading platforms available to all clients: Thinkorswim and Trade Architect
  • Users can practice trading without risking real money using PaperMoney virtual trading
  • Easy access to myTRADE online trader community
  • No account maintenance or inactivity fees
  • Free streaming quotes, including Level II
  • Best selection of independent, third-party research from 13 firms (Standard & Poor's, Morningstar, Jaywalk, TheStreet, etc.)
  • Large number of mutual funds - around 13,000 available; 4,200 NTF (no-transaction fee) funds
  • Free DRIP (dividend reinvestment plan)
  • No-fee IRA accounts


TD Ameritrade Cons


Transaction fees for some mutual funds can be higher than at other brokerages ($49.99 versus $9.95 to buy or sell at Ally Invest).

Although TD Ameritrade offers futures and forex, trading of these products is only available on the thinkorswim platform, which some customers may want to pass on for the more user friendly website trading.


TD Ameritrade IRA Summary


In 2020 once again, TD Ameritrade gets the top spot as an online broker for long-term investors and for novices in our annual broker survey. The company also receives very high scores in other categories such as Research Amenities, Usability, Portfolio Analysis & Reports. In fact, TD Ameritrade is the only brokerage firm this year that receives the highest 5.0 score for Research Amenities among all of the firms that participated in the ranking.

TD Ameritrade provides a wide range benefits and exceptional service that very few discount brokers can offer to its customers. The broker is a very strong contender that deserves consideration.


Open TD Ameritrade IRA


Get $0 commissions and ACAT fee reimbursement.

Open TD Ameritrade Account