Td Ameritrade Account Agreement
The entry into the investment can be a bit intimidating. That`s why The Ascent has put together some instructions on opening online brokerage accounts to help you in the process. The company charges a flat fee of $6.95 per trade, regardless of how often you buy or sell into your account. TD Ameritrade doesn`t need a minimum deposit to start, but if you want to do options or margin transactions, you need to have at least $2,000 in your account. And remember, if you haven`t created your Ameritrade TD account yet, visit our TD Ameritrade review page for more information, including how to get a cash bonus and free trades! Here you define your username, password and security questions. The company says the account will then open when you can finance it, select business functions and change your account settings. You can also see your official account number on the last page. The TD Ameritrade website says that creating a new account with them will only take a few minutes and that you will only need a few things to start with: Here are the step-by-step instructions for opening a new TD Ameritrade brokerage account. First, go to TD Ameritrade`s account application page.
You also have the option, in this section, to choose what happens with the cash in your account if it is not invested in an asset. The company says that if you don`t specify where to keep your money, then it will be placed in an FDIC-insured deposit account. You can also choose to have the money deposited into a TD Ameritrade account that earns some interest and is protected by the Securities Investor Protection Corporation (SIPC).