While transferring a trading account to Robinhood costs nothing, there is a $75 charge to go in the other direction. Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com. All Rights Reserved. While much of investors’ current focus is on tech and growth stocks, they can be overvalued and may not be the best option as the economy turns around. Robinhood hasn’t yet launched any banking tools, which are available to TDA clients. Preserve wealth with help from advanced tax planning and risk management strategies. Your article was successfully shared with the contacts you provided. There is no minimum deposit, no maintenance fee, and no inactivity fee. TD Ameritrade offers two: the beginner-friendly TD Ameritrade Mobile App and thinkorswim Mobile—designed for active traders. “For a very short period this morning, some customers may have experienced slower trading performance in the app,” a Robinhood spokesperson told ThinkAdvisor by email just before 1 p.m. Compared to TD Ameritrade, its platform is basic and limited. Free unlimited access to ThinkAdvisor.com which provides advisors, like you, with comprehensive coverage of the products, services and trends necessary to guide your clients in making critical wealth, health and life decisions. Sponsored by John Hancock Investment Management, Why Mid Caps May Lead The Way Out Of Recession. For a complete commissions summary, see … TD Ameritrade, but not Robinhood, offers IRAs, auto deposits into mutual funds, and DRIP service for stocks and ETFs. The issue lasted long enough for several people claiming to be Robinhood clients to complain on Twitter and Downdetector’s website that they couldn’t log in or trade. Impacted clients who re-opened the app last night may have needed to do an extra refresh, but there were no new issues yesterday evening.”, Regarding reports of issues on Tuesday, she added: “As has been the case all day today, clients are able to access their accounts and trades are being processed as usual across all TD Ameritrade platforms. The issue was apparently worse on Tuesday than what was reported with the Robinhood app Monday, when its spokesperson told ThinkAdvisor: “This morning, despite historic traffic, Robinhood systems remained operational.”, Robinhood’s “engineering teams have worked diligently to harden our infrastructure, improve reliability, and increase capacity,” the spokesperson said Monday, adding: “We’re continuing to invest more than ever in making sure that our systems scale and support our customers on busy trading days.”, Meanwhile, TD Ameritrade tweeted at 1:21 p.m. Investors at … Only an existential crisis will force lawmakers to act, poll respondents say. The online Robinhood and TD Ameritrade trading platforms experienced technical issues for a second-straight day Tuesday morning, one day after … Earlier in the day yesterday we encountered login issues across multiple TD Ameritrade platforms that impacted some clients’ ability to log in, but the issue was resolved. The online Robinhood and TD Ameritrade trading platforms experienced technical issues for a second-straight day Tuesday morning, one day after outages were also experienced by Charles Schwab, E-Trade, Fidelity, Merrill Lynch and Vanguard amid heavy trading volume. We caution that Downdetector is just one source of information and should not be read as a conclusive measure of platform stability.”, Trading Outages at Schwab, E-Trade, TD Ameritrade, Other Platforms Irk Investors, FINRA Sets Sights on Registered Index-Linked Annuities, Schwab to Close 200 TD Ameritrade Branches, Biden Vows to Extend Jobless Aid, Names Economic Team. TD Ameritrade wins the final category. An outage happened with the app at 9:41 a.m. Robinhood and TD Ameritrade charge the same amount for regular stock trades, $0. Read on for an in-depth look, including ratings, reviews, pros and cons. Executives from Schwab, Mercer Advisors and other firms discussed the state of play at a virtual DeVoe & Co. event. Local Branches –E*TRADE has 30 local branch offices; TD Ameritrade has 360, plus more than 1,300 TD Bank branches; Robinhood has no local branches. Letters help CFPs communicate their “Duty to Provide Information” under the newly amended Code of Ethics and Standards of Conduct. Advance your career and take your firm's production to the next level with FREE practice-management tips. With TD Ameritrade, interest charges vary based on how much you’re borrowing but generally range from 7.5% to 9.5%. Exclusive discounts on ALM and ThinkAdvisor events. ET Tuesday, according to Downdetector. However, “it’s now completely resolved,” the spokesperson said, without elaborating on what caused the issue and how many investors may have been affected. This fee is above average by industry standards. What factors are contributing to the popularity of ETFs? While TD Ameritrade offers $0 commission online stock, ETF, and option trades. A majority of business owners work with a financial advisor, a TD Wealth survey finds. Learn about this increasingly popular tax-advantaged investment vehicle and educate your clients.