TD Direct Investing full review
TD is huge and popular. And it features a self-directed account full of investment choices. Check out now the TD Direct Investing review!
by Aline Augusto
TD Direct Investing review
On this TD Direct Investing review, you’ll learn all about its pros and cons!
So, the company is probably the largest and also the oldest self-directed investment account owned by a bank. That’s the reason why it is so reliable when it comes to answering the question “is it safe?”.
If you are a frequent investor looking for a self-directed online platform with many account types and investment choices, TD might be an option for you!
See the summary below.
|Trading fees||Equities: from $7 to $9.99|
Mutual funds: $0
Options: from $7 to $9.99 (plus $1.25 per contract)
|Promotion||Up to $2,100 (conditions apply, limited promotion, see terms)|
|Investment choices||Canadian and U.S. stocks, options, ETFs, mutual funds, fixed income, IPOs and New Issues, term deposits, precious metal certificates|
How does TD Direct Investing work?
Everyone likes to be in control of their finances and investments. Thinking of it, TD features a self-directed investment account where you can be in charge of your growing money.
The TD offers many types of accounts, investments, and trading platforms, so you can decide which one fulfills your needs.
Plus, it provides you with an educational center full of resources, tools, videos, and more, so you can learn how to invest smarter and better thought straightforward explanations.
Firstly, decide which type of account fits your goals, including margin, cash, retirement, saving, and more.
Secondly, choose what to invest, between choices like equities, options, mutual funds, fixed income, and more.
Finally, note that it charges different trading fees, as well as account maintenance fees (conditions and terms apply).
TD Direct Investing benefits
The main feature of this investing brokerage is reliability. As one of the largest and oldest online self-directed accounts, TD achieved to deliver confidence.
But you pay the price of investing in one of the most popular investment brands in Canada. It charges quite high commission fees, as well as account maintenance fees.
On the other hand, it offers many types of accounts and investments choices so you can decide better and smarter based on your goals and risk tolerance.
Also, it provides you with a robust online platform, as well as an educational portal full of resources and tools, so you won’t be unassisted even though you are a self-directed investor.
- Many types of accounts
- Many investment choices
- Robust and easy-to-use platform
- Reliable bank
- Quite high fees if compared to other brokerages
- It doesn’t offer an app dedicated to the investment account
Should you join TD Direct Investing?
TD is one of the largest banks in Canada. I know that you look for reliability, security, and confidence when it comes to investing your money. So, TD Direct Investing delivers all of that.
Can anyone open a TD Direct Investing account?
Every Canadian resident in the age of majority can open an account. But note that it offers waived maintenance fees for those who qualify for the Household program.
How to open a TD Direct Investing account?
If you decide to open an account at TD, check out our next post where we explain all the details on how to do it easier and faster!
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