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TD Ameritrade

Discussion in 'Vendors, Brokers and Product Reviews' started by Gray Wolf, Jun 25, 2017.

  1. Three Eyes

    Three Eyes 2018 Stockaholics Contest Winner

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    Yup. For options, 65 cents per contract starting last Thursday or Friday I think. Truth be told, I had stopped using Ameritrade for options outside covered calls for positions already in the account, despite usually getting pretty decent fills on my limit orders. With this price structure, I'm more willing to enter smaller, last-minute penny option trades now that the % of cost-basis chewed up by commission is way down:

    Screenshot 2019-10-11 at 4.27.37 PM.png

    Ha ha, ALLY Invest had to play catch-up as well and instituted their zero commissions yesterday.

    How long will this last???
     
    Onepoint272 likes this.
  2. Onepoint272

    Onepoint272 2019 Stockaholics Contest Winner

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    ^The 65 cents on options is some sort of required fee I suppose.

    _____________________________________________________________________________
    https://finance.yahoo.com/news/commission-free-trades-bad-deal-201416569.html?.tsrc=rss

    Commissions on stocks and exchange-traded funds (ETFs) now come to a big fat zero if you use one of the four biggest online brokerages.


    On Oct. 1, Charles Schwab (SCHW) announced commission-free trading on stocks, ETFs and options trades. Online-broker rivals E*Trade (ETFC) and TD Ameritrade (AMTD) followed suit within 24 hours, and Fidelity fell in line within a week.

    Online trades were already incredibly cheap: Schwab and Fidelity charged $4.95 for each trade. It was only a little more expensive ($6.95) at E*Trade and TD Ameritrade. Still, money is money. So isn't a zero-dollar trade a clear win for individual investors?

    I don't think so.
    ________________________________________________________________________________

    This author goes on to say how undisciplined traders will trade too frequently and goes on to discuss that tired old "on average" warning about speculating. Of course discipline is always the key to successful speculating.

    I thought it was here to stay. Apparently though the market doesn't appear to believe they can still make as much money without the comms, so we'll see how long it lasts.

    upload_2019-10-11_16-36-4.png
     
    T0rm3nted and bigbear0083 like this.
  3. Three Eyes

    Three Eyes 2018 Stockaholics Contest Winner

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    Yeah, probably. They call it a "fee" as opposed to a "commission."

    Screenshot 2019-10-11 at 5.46.01 PM.png

    ALLY Invest has a cheaper "fee."

    Screenshot 2019-10-11 at 5.49.32 PM.png
     
    T0rm3nted and Onepoint272 like this.
  4. Three Eyes

    Three Eyes 2018 Stockaholics Contest Winner

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    TD Ameritrade assignment used to cost $20 flat commission. Now, no assignment fees or commissions. Quite nice!

    Screenshot 2019-10-12 at 9.07.34 AM.png

    [ps, the expired TZA contracts shown above are the hedge-of-the-hedge covered calls I mentioned a few weeks ago over here. The gyrations in the markets have made this game quite lucrative and seriously helps to lower the cost basis of the TZA positions.]
     
    T0rm3nted and Onepoint272 like this.
  5. andreyi1979

    andreyi1979 New Member

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    never tried this broker

    they accept world wide customers?
     
  6. Three Eyes

    Three Eyes 2018 Stockaholics Contest Winner

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    According to this blog post, they do.
     

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