TD Ameritrade Platforms | How TD Ameritrade Platforms Work

Introduction

TD Ameritrade is one of the oldest online brokers in the US since 1975 with a long tracking record of +45 years and over 175 branches nationwide. It’s considered one of the safest brokers as it’s regulated by top-tier regulators like the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

TD Ameritrade works on 2 main platforms: the TD Ameritrade platform which is a customized platform and mainly designed for trading in TD Ameritrade only, and the other one is Thinkorswim.The negative part is that TD Ameritrade is not available on the MT4 and MT5 platforms.

So, let’s dig deeper into the TD Ameritrade platform and know more about it.

TD Ameritrade

TD Ameritrade trading application works on web, desktop, and mobile platforms. It has a beautiful user interface UI as well as a safer login method (two-step verification) which is a very good point.

Languages

TD Ameritrade is available in two main languages: English, and Chinese.

User interface (UI)

The UI of both web and mobile versions are beautiful and have easy-to-access to all features and tools in the platform.

TD Ameritrade – Mobile Platform – UI

Login and Security

TD Ameritrade has a two-step verification method for login which is counted as a plus for TD Ameritrade.

At the same time, this option is not available for the desktop version.

Searching

The searching function in the TD Ameritrade platform works fine, and you can search by the asset name.

TD Ameritrade – Mobile Platform – Search

Placing orders

There are 6 main types of orders in TD Ameritrade Platform which are:

1. Market
2. Limit
3. Stop-Market
4. Stop-limit
5. Trailing stop %
6. Trailing stop $

In addition to those 6 types, there’s other order types for the time limit.

TD Ameritrade – Mobile Platform – Place Order

Notifications and alerts

You can set notifications whatever the platform you choose.

Portfolio and Reports

TD Ameritrade has good reports and account statements in its platform with the availability to see transactions and more fundamental data.

TD Ameritrade – Mobile Platform – Account Statement

Education

You can access the educational materials on all platforms of TD Ameritrade like videos.

TD Ameritrade – Mobile Platform – Education

TD Ameritrade and Thinkorswim Comparison Table

FAQs

1. How long does it take to verify my account?

• It takes about 1 to 3 days to verify your TD Ameritrade account.

1. Is my TD Ameritrade account protected?

• Yes, If you lose cash or securities from your account due to unauthorized activity, TD Ameritrade will reimburse you for the cash or shares of securities you lost.

1. Can I open more than one trading account?

• Yes, you can, but some account types may be restricted from linking between devices.

1. Does TD Ameritrade allow bot trading?

• Yes, TD Ameritrade does provide an Autotrade option which is a service that automatically enters trade recommendations you receive from TradeWise and other third-party newsletter providers into your TD Ameritrade account.

1. Does TD Ameritrade give a bonus?

• Yes, TD Ameritrade does give a bonus up to $2,500 if you meet the following conditions:

1. You make a deposit of $250,000 or higher.
2. The deposit should be made within 60 calendar days from account opening.
3. Before June 30, 2021.
4. Can I trade margin or option?

• Yes. As you’re completing the Account Application, simply complete the margin and/or options section.

1. Does TD Ameritrade allow scalping?

• Yes, TD Ameritrade offers scalpers three trading platforms: web browser, thinkorswim, and mobile.

1. Is my money safe at TD Ameritrade?

• Yes, because of the following reasons:

1. The cash in your account can be held in a TD Ameritrade FDIC Insured Deposit Account (IDA).
2. Balances in an IDA are held at one or more banks (“Program Banks”), where they are insured by the FDIC against bank failure for up to $250,000 per depositor, per bank.
3. Two of the Program Banks are TD Bank, N.A. and TD Bank USA, N.A., both are affiliates of TD Ameritrade. Each bank will have separate FDIC coverage of up to $250,000 per depositor for up to $500,000 total per IDA depositor.
4. Does TD Ameritrade have an islamic account option?

• Unfortunately, TD Ameritrade does not provide such an option on its platforms.

1. Can I login to the same account through different devices?

• Yes, TD Ameritrade allows login to the same account from different devices.

1. Does TD Ameritrade accept payments from third parties?

• No, as all deposits into your trading account must come from a bank account in your name.