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The move would bring clients of both companies under one roof, merging two well-respected brands in the online broker business: TD Ameritrade is widely known for its advanced trading platforms such as thinkorswim — also the result of an acquisition — and Scottrade has earned a reputation for its in-person customer service. This deal aims to retain and combine the best of each.
Use your existing Scottrade account number and password to login for the first including options, futures and forex; Commission-free online trading with no. With a TD Ameritrade account, you'll have access to thinkorswim, a powerful trading platform where you can trade forex, as well as other investments. This feature-.
Missouri-based Scottrade offers a smaller selection of investment products: stocks, bonds, mutual funds, exchange-traded funds and options. TD Ameritrade said the majority of those branches would remain open, noting in a list of frequently asked questions for retail clients that one goal of the deal is to improve its ability to provide in-person client support, investor education and goal planning. This move comes as many online brokers have launched online advisory arms to connect clients with robo-advisors , and investors increasingly are moving toward index funds and away from stock trading and active management.
The companies and their retail branches would remain separate until the deal closed, which is expected in September , pending regulatory approvals. Scottrade accounts would then be converted to TD Ameritrade.
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Clients can also contact a local Scottrade team for assistance and find a local branch easily on the website. This includes Morningstar reports, market trends, how-to guides and more. The move would bring clients of both companies under one roof, merging two well-respected brands in the online broker business: TD Ameritrade is widely known for its advanced trading platforms such as thinkorswim — also the result of an acquisition — and Scottrade has earned a reputation for its in-person customer service. If you are a new investor, you will want to sit down and discuss your financial goals before making any trading decisions. Headquarter United States Maximum Leverage The biggest difference is a self-directed approach and may offer appeal for beginner or moderate investors. Its self-directed and managed portfolio options make it a worthy choice for passive and active investors alike.
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