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Chris
01 Feb 2021
Owner and Writer at Tortoisemoney.com
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Hi Gerald,
TDA has been around for quite some time and if you are worried, you can diversify your portfolios across several brokerages too (not just diversify your stocks only :)
- currently using their app to buy US equities for holding long-term, mostly ETF. Simple to use and great charting tools in my opinion
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Have that with TD Ameritrade U.S branch.
Absolutely no use for ultra-longterm investors.
I do not ...
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It's pretty solid, zero comms and essentially free live data for options and stocks (USD 500 funded). Additionally they have a pretty snazzy desktop app for charting and stuff.
Downsides though, USD 25 withdrawal fee (not a big deal if you do long term and don't intend to withdraw) and SUPER LONG approval for account (I've been waiting 3 months lol).
Personally I use IBKR, although I trade much more so the main downside of IBKR which is the inactivity fee is not much of an issue for me.
Alternatively, if you don't trade much, you can consider Tiger Brokers for a low commission broker!