2019: How much does it cost to open brokerage or IRA account at TD Ameritrade? Sign up minimum initial deposit requirements.

Cost to Open a TD Ameritrade Account

So you’ve heard some great things about investing with TD Ameritrade and now you want to know if there are any costs to opening and maintaining an account. This short article will answer your questions and also share a sweet promo they have for new accounts right now.

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TD Ameritrade Account Opening, Maintenance, and Transfer Fees

The good news is that TD Ameritrade doesn’t have any account opening, maintenance or inactivity fees. This means that you can open an account today and get access to real-time prices, level II quotes, investor education tools, as well as some equity research reports, all without paying a dime. There are no account closing costs either, however there are fees for transferring your portfolio to another broker ($75 for full account transfer and $25 for a partial transfer).

TD Ameritrade Account Minimums

TD Ameritrade doesn’t have an account minimum for basic cash accounts; however there is a $2,000 minimum for margin accounts. If you are interested in enrolling your account in either of their advisory services there are higher balance requirements. Their robo-advisory platform (called Essential Portfolios) invests in low-cost ETFs and requires a minimum balance of $5,000, and also incurs an annual fee of 0.30%. If you prefer one of their human advisory services, which use ETFs and mutual funds, they require a minimum balance of $25,000 and charge a fee that ranges between 0.75% and 1.25%.

TD Ameritrade Fees for Retirement Accounts

TD Ameritrade also offers self-employed IRAs and 401(k) plans. Surprisingly, there aren’t any account maintenance or extra fees or balance requirements associated with TD Ameritrade’s retirement accounts. The same commission schedule that applies to taxable accounts also applies to their retirement accounts.

TD Ameritrade New Account Promotions

If you plan to open a TD Ameritrade account you should take advantage of their current promotional offer to new account holders offering free trades for two months and potentially a cash bonus as well. To qualify, you must open a new account and fund it within two months with at least $3,000. Your account will instantly be credited with up to 500 commission-free trades to be used on stocks, ETFs, and options (the $0.75 per contract fee still applies to options), which must be used within 60 days of account funding or they will expire.

If you deposit between $25,000 and $99,999.99 your account will also be credited with a $100 cash bonus. If you deposit between $100,000 and $249,999.99 the cash bonus increases to $300. Deposits of $250,000 or more are eligible for the top cash bonus of $600. Keogh plans, tax-exempt trusts, 401(k) plans, money purchase plans, and profit sharing plans do not qualify for this promotional offer.


Cost to Open a TD Ameritrade Account

Summary of Cost to Open TD Ameritrade Account

If you are considering opening a TD Ameritrade account there is no reason not to try it out from a cost-perspective since basic accounts have no opening fees, no minimum balance requirements, no maintenance fees, and no closing costs – it’s 100% free to take TD Ameritrade for a “test-drive”. In exchange for opening your free account you instantly gain access to their real-time market data, investor education tools, some research reports, and can play around with their well-regarded Thinkorswim trading platform. And if you do decide that you like the look and feel of your new TD Ameritrade account, why not go ahead and make an initial deposit to qualify for the free promotional trades?

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TD Ameritrade Review and Rating

4.5-star brokerage firm rating



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