TD ameritrade Review crypto broker 2024

Our veredict

TD Ameritrade is a well-established brokerage known for its robust trading platforms and extensive range of investment products. However, when it comes to cryptocurrency trading, the options are somewhat limited. TD Ameritrade does not offer direct trading of individual cryptocurrencies. Instead, it provides indirect exposure to the crypto market through Bitcoin futures, mutual funds, and ETFs that invest in Bitcoin futures. This setup is beneficial for investors looking to gain some exposure to cryptocurrencies without delving into direct crypto trading, which can be more volatile and complex.

Despite the lack of direct crypto trading, TD Ameritrade excels in other areas. Its trading platforms, such as thinkorswim, are highly regarded for their advanced tools and user-friendly interfaces, making them suitable for both beginners and experienced traders. The brokerage also offers extensive educational resources, ensuring that users can make informed investment decisions. However, the absence of direct crypto trading and the relatively high fees for futures trading might be seen as drawbacks for those specifically looking to trade cryptocurrencies directly.

Pros

Advanced Trading Platforms The thinkorswim platform by TD Ameritrade is highly advanced, offering powerful trading tools and customization options suitable for both beginners and seasoned traders.
Comprehensive Educational Resources TD Ameritrade provides extensive educational resources, including tutorials, webinars, and market analysis, helping investors make informed decisions.
Regulated by Top-Tier Authorities TD Ameritrade is regulated by the SEC and FINRA, ensuring high standards of security and trustworthiness for its clients.

Cons

4,5

Threenvest Score

Fees

3,6/5

Regulated

SEC, FINRA

Why can you trust Threenvest?

At Threenvest, we are unwaveringly committed to providing you with unbiased ratings and information. Our editorial team operates independently, free from any advertising influence. We use meticulous, data-driven methodologies to evaluate financial products and companies, ensuring that all assessments are conducted on a level playing field.

To better understand our editorial guidelines and the investment methodology that supports our ratings, you can explore the information in our editorial policy.

Why choose TD ameritrade?

Choosing TD Ameritrade for your cryptocurrency investments can be a wise decision for several reasons. Firstly, the brokerage offers indirect exposure to cryptocurrencies through Bitcoin futures, mutual funds, and ETFs that invest in Bitcoin futures, providing a safer and regulated way to participate in the crypto market without directly buying and holding volatile assets.

Secondly, TD Ameritrade’s trading platforms, particularly thinkorswim, are renowned for their advanced features and customization options. These tools are highly beneficial for traders looking to employ sophisticated strategies and conduct in-depth market analysis. The platform’s intuitive design and robust educational resources make it an excellent choice for both beginners and experienced traders.

Lastly, the strong regulatory framework and security measures at TD Ameritrade ensure that your investments are well-protected. The brokerage is regulated by top-tier authorities like the SEC and FINRA and provides substantial insurance coverage for client accounts. Additionally, the exceptional customer service and extensive support resources make it easier for investors to navigate the complexities of the financial markets.

Xavier Tarrasó

EIP and Cryptocurrency Investor

As a seasoned investor and analyst, I recommend TD Ameritrade for those seeking indirect exposure to cryptocurrencies. While you can’t trade individual cryptocurrencies directly, TD Ameritrade offers a range of options like Bitcoin futures and crypto-focused ETFs, which can be a less volatile entry point into the crypto market. The thinkorswim platform, known for its powerful trading tools and educational resources, is ideal for both novice and experienced traders. Plus, the strong regulatory oversight and robust security measures provide an extra layer of trust and safety for your investments.

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

Alejandro Borja Fuentes

Economist | Cryptocurrency exchange analyst

The author of the review

Alejandro Borja is an accomplished economist with a distinguished career spanning various facets of the financial industry. His academic journey began with a degree in Economics, laying the foundation for his deep understanding of financial markets.

Over the years, Alejandro has honed his skills by working with some of the largest financial media outlets, analyzing and reporting on economic trends and investment opportunities. His expertise in financial analysis has made him a respected voice in the economic community.