TD Ameritrade

Current Promotions

TD Ameritrade is offered $2,500 or deposits of $2 million or more.   They previously offered $800 in Apple gift cards with the deposit of $300,000 in new assets.


Equity Commission Rate

$0 online ($5 for voice response and $25 if broker assisted). No additional extended hours charges.  TD Ameritrade charges an additional $6.95 for over-the-counter issues.   It also has been known to charge so-called "regulatory fees" associated with each transaction ranging from $5 to $15 for initiating a transaction.


Option Rate

Standard trade commission rate + $0.65/contract ($19.99 for exercise or assignment)

Margin Interest Rate

9.5% on balances under $10,000. (graduates to 7.50% on balances over $250,000)

Interest on Uninvested Cash

0.00% APY on all balances.




Customer Reviews for TD Ameritrade

Rated 1.56 stars out of 5 - based on 9 reviews

Please share your experience below.


  • July 22, 2021 |

    Put an extra share of many in position into account. I did not buy it. I wrote that the share did not belong to me. No response. Tried to sell the entire position to which it was added and got fined $100 for broker error.

  • February 6, 2020 |

    Margin rates are higher than those listed here. TD Ameritrade violates usury laws of most states. Not prosecuted because they are big Republican donors.

  • November 2, 2019 |

    I am quite an active trader and run trades through both TD Ameritrade and ETrade. I noticed a couple of weeks ago when these companies made their trading free (to match Schwab) that Etrade really dispensed with all trading commissions. TD Ameritrade however increased their "taxes and fees" by each trade by about $5 and hence is just playing games and not doing anything (ETrade doesn't charge taxes and fees). As if you didn't know previously, TD Ameritrade is not to be trusted.

  • February 7, 2019 |

    If you do business with TD Ameritrade, you are doing business with the Ricketts family. These are proven racist xenophobes. I have been a customer for years, but what this founder said about Obama is unforgivable. I will be closing my account right away.

  • January 17, 2018 |

    I would choose something else, anything else. It may be a well run operation, but to be addressed by my first name by children who are operating the phone every time that I call is unconscionable.

  • February 13, 2017 |

    Promotions only valid once per lifetime, including those of companies it bought even if years ago from them. Put stock into my account that did not belong, would not remove or cancel, fined me $100 when I tried to sell the extra 1 share. Nasty response when I tried to get the $100 back that it caused. This was before FINRA or I would have obtained restitution. Never again doing business there.

  • July 27, 2016 |

    I am old. Been on this earth 78 years and hoping for at least a few more good ones. Appreciate the comment by T.P.D. I thought I was the only person to be insulted by this casual treatment. Apparently, there are others. I have to keep reminding them to make a note to address me as Mr. Leonard, but they don't seem to be able to retain notes between the service reps.

  • July 9, 2016 |

    I am not old, but I cannot stand being addressed by my first name every time I need to speak to customer service. You've lost my business to Schwab. Goodbye.

  • June 7, 2016 |

    All the rewards and everything are great, but they show up on your 1099 and then you realize that they are about half as great. I wish they would go back to giving frequent flier miles which aren't on the 1099.


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