TD Ameritrade $5 Commission Promotion

In my discount broker comparison post that I compiled last year, I placed TD Ameritrade near the bottom on the list because its stock trade commission is rather high at $9.99 per trade. If I want to choose  a broker to trade stocks, ETFs, or options, I don’t think it will be TD Ameritrade or Charles Schwab even though they offer more comprehensive services than those truly discount brokers do. I just don’t see the reason of paying something close $10 to make a trade when I can do the same with others charging half of the commission, or even less, especially when I do all the researches myself. To me, the cost of trading matters the most.

Anyway, if you still want to have a TD Ameritrade account, you can get $5 for online trades for 12 months during their promotion period. What you need to do to get this low commission offer is

  1. Open a TD Ameritrade account before November 30, 2010
  2. Make an initial deposit of at least $2,000
  3. Get $5 online trades for stocks, options, and ETFs for 12 months

Or you can call TD Americtrade at 866-834-2539 and mention promotion code 186 to get the same deal.

After seeing some full-service brokers including Schwab cut rates recently (the new stock trade commission at Charles Schwab is $8.95), I am wondering when TD Ameritrade will follow suite.

BTW, here are some other broker promotions currently available:

This article was originally written or modified on . If you enjoyed reading this post, please consider subscribing to my full RSS feed. Or you can also choose to have free daily updates delivered right to your inbox.

Author Info

This post was written by Sun You can find out more about Sun and his activities on Facebook , or follow him on Twitter .

5 Responses to “TD Ameritrade $5 Commission Promotion”

  1. Super Saver |  Oct 09, 2010 at 12:02 am

    Thanks for the info. I didn’t know about the promotion. Maybe I will try to negotiate a reduction in my commission since I am a long term customer.

    • mp |  Oct 15, 2010 at 12:36 am

      did the reduction negotiation work out for ya?

  2. A L |  Oct 13, 2010 at 3:57 am

    Can you use this promotion code 186 (for the $5 online trades for stocks, options, and ETFs for 12 months) in conjunction with the offer that’s found under about “TRADE COMMISSION-FREE FOR 30 DAYS + GET UP TO $500*” making it free for 30 days and then $5 for the next 11 months and be eligible to get the cash bonus?

  3. promotional items |  Oct 19, 2010 at 9:04 pm

    Great article! I actually received some of this stuff, and was wondering how we could afford it. Makes sense now.