This app focuses on the basic essentials of investing. This is a great beginner app for people who want to learn more about how to invest their money.
TD Ameritrade provides an entire investing curriculum on its website. Through the app, you will have access to the same information as on the website. You can select a skill level (either rookie, scholar, or guru) and TD Ameritrade will point you to the appropriate educational and research resources. You can choose to learn from a multitude of ways including videos, articles, slideshows, and quizzes including ongoing live online seminars and presentations. TD Ameritrade will keep track of your progress and award you points and virtual trophies as you learn more.
For this app, it will take up 113.9 MB of space on your mobile device. It is only compatible with iOS 10.0 or later. It is also compatible with iPhone, iPad, and iPod touch.
- $0 minimum balance requirement
- Free to join
- You get to use their popular thinkorswim platform for active traders.
- $100 to $600 cash bonus, depending on account size
- The thinkorswim platform costs the member a $6.95 trade commission for stocks and ETFs.
What Other People Are Saying
Overall, people seem very happy with Ameritrade. There are minor complaints here and there, but I noticed that the same people who had complaints still gave them 4 or 5 stars. Here is what a long time customer who left 4 stars had to say,
"I have been using this app since nearly it's inception, and have been mostly pleased as it has been improved nicely over the years. It is handy, simple and quick for buy/sell transactions. However, it rapidly becomes more complex as you add even simple actions such as trailing stops."
Cost and Process to Join
The TD Ameritrade app is available free to all customers, with no account minimum or trade volume requirements. You can join by going to their website or looking up the program in your mobile phone's app store.
With Ameritrade, you can call or email them. The contact information is on their website and app. You also have the option of talking to a live assistant.
The TD Ameritrade Investing App is a great beginner app. It is free to join, and I noticed that it seems to offer more than many of the other free beginner apps. For example, you can get free educational information with this app pertaining to investing. I also noticed that it isn't just beginners who use this app. For many of the beginner apps, they are only useful for awhile until you basically outgrow them and then need to move up to a higher advanced app that costs a substantial amount of money.
With this app, you can be an active trader. A downfall, though,is that the thinkorswim platform costs a hefty $6.95 in trade commission for stocks and ETFs. This is higher than what most other investment apps charge. This mobile app will let you track your investments on the go with the same precision as your desktop platform. If you want a simple app that let's you build, manage, and analyze your portfolio all in one place, then you might want to check out the TD Ameritrade Investing App.
For more information and reviews, check out our list of the Top 10 Investing Apps of 2018.