Is TD Ameritrade safe to use?

Yes, TD Ameritrade is a regulated financial service.

This service has been discontinued • Closed May 2024

Stock Trading AMTD (delisted)

TD Ameritrade

Q: What are the main features of TD Ameritrade?

thinkorswim professional-grade derivatives trading platform, Commission-free U.S. stock and ETF trades, Real-time Level II streaming market quotes, Advanced options chain analysis with Greeks, Paper trading simulator with live data

Q: What are the pros of using TD Ameritrade?

Best-in-class thinkorswim platform, Zero commission equity trades, Comprehensive trader education center, 24/7 phone customer support

Q: What are the cons of TD Ameritrade?

Higher futures contract commissions, No fractional share trading, Platform fully discontinued 2024

Institutional-Grade Trading Tools for Every Investor

Available in 7 countries Last verified: Mar 2026

Why It Closed

Acquired by Charles Schwab Corporation in 2020 for $26 billion. All client accounts fully transitioned to Schwab by May 2024. Platform shut down permanently.

Founded

1975

Users

12M+ accounts

Total Funding

$850M

Employees

9,000+

🏢 Company Overview

Headquarters

Omaha, Nebraska, United States

CEO

Steve Boyle (Interim President & CEO, final)

Founder

J. Joe Ricketts

Total Funding

$850M

Users

12M+ accounts

Rating

★ 4.5

AML Compliant PCI DSS Broker License SIPC insured up to $500,000 (including $250,000 cash limit)

ℹ️ About TD Ameritrade

TD Ameritrade was a leading U.S. online brokerage offering commission-free stock, ETF, and options trading with the professional-grade thinkorswim platform.