TD Direct Investing review: a top broker platform
Choosing your broker is an important step in your investing career. Don't pick one before reading this TD Direct Investing review and learning the benefits of joining it.
Understanding TD Direct Investing: suitable for every level of experience
If you’re into investing, don’t skip this TD Direct Investing review. It contains important information for every Canadian looking for a smarter way to invest their hard-earned money. Because the first thing you need is a good broker, and the second is investment knowledge. You’ll find both here!
- Trading fees: $9.99 per trade
- Account minimum: No minimum
- Promotion: Transfer $25,000 to your account and you’ll get up to $150 in fees waived.
- Investment choices: Stocks, Mutual Funds, GICs, Options, Fixed Income Investment, ETFs.
Canada has some excellent online brokers and this one is definitely among them. It is owned by Toronto-Dominion bank, a financial institution with reliability that will give you the best structure to invest confidently.
To learn more about the pros and cons of using TD’s platform to trade your assets, keep reading this TD Direct Investing review.
TD Direct Investing: understand how it works
Investing is a serious business, and you need a serious broker to do it. If you’re already a client at Toronto-Dominion bank, it will be super convenient to use TD Direct Investing. Everything that concerns your finances will be in the same place, which will make things a lot easier.
However, as usual with bank-owned brokers and other online services, you will notice that the fees to use it are higher. It takes a lot of money to manage a bank, and it impacts the costs for the clients too.
But regardless of its prices, it is an excellent platform. You can open many types of accounts and buy different assets, such as ETFs, Mutual Funds, and others. Keep reading this TD Direct Investing review to see its pros and cons.
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Significant benefits and disadvantages you may find
There is no perfect broker, so this one has its downfalls too. But the benefits will let you wonder if you should open your account with TD. Take a look at the pros and cons:
- The platform is very intuitive and can be used by beginners. But if you’re an experienced investor and need advanced features, don’t worry. You will find everything you need to trade like a pro.
- FDIC insurance
- The fact that TD bank owns this platform makes it trustworthy for many Canadians.
- When it comes to fees, TD Direct Investing falls behind many other online brokers.
- If you don’t keep a minimum of $15,000 on your account, you have to pay a maintenance fee.
What is the required credit score?
Don’t worry about your credit score. As you won’t need a credit line to use its service, TD will not check your score.
Learn how to apply and open a TD Direct account
Do you know how to start investing? The first step is to open your brokerage account. We’ll tell you how to open your account as you saw in this TD Direct Investing review. Just check the following content and stay at The Post New to learn even more about investments.
About the author / Julia Bermudez
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