Investments

TD Direct Investing Full Review

If you care about your investments, you need the best platform. Take a look at TD Direct Investing, and see if it suits your needs.

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Note: Some information in this post might be outdated. For the most current documentation and updates, please refer to the product’s original page.

TD Direct Investing: the best support for every investor

TD direct investing
Learn more about TD Direct Investing by reading this review. Source: Stealth Capitalist.

With more than 30 years of experience, TD Direct Investing is an excellent choice to help you in your investment career. You’ll find an intuitive platform and a lot of educational content to learn everything you need to know about investments. 

card

Online broker

TD Direct Investing

trading educational

The best customer support to invest in many different assets.

You will be redirected to another website

  • Trading fees: $9.99 per trade for the standard trading; $25 maintenance fee if your account has less than $15,000
  • Account minimum: No minimum deposit or balance to open an account and use the platform
  • Promotion: N/A
  • Investment choices: Equities, ETF, Mutual Funds, Options, Fixed Income Assets, Term Deposits, Precious Metals. 

With that much experience, TD Direct investing is owned by TD Bank Financial Group and has more than one trading platform. You will certainly find the best way to start investing or improve your portfolio.

How does TD Direct Investing work?

TD is an online broker that helps investors with any level of experience to open investment accounts and buy different kinds of assets, such as ETFs, bonds, mutual funds, and others. 

And if you’re starting your investing career, you will enjoy its educational content. As the costs of the platform are not the most competitive, it is better for buying and keeping than to frequent traders, which is mostly the case with beginners. If you need a more dynamic platform, you may be better with other brokers. 

TD Direct Investing pros and cons

TD direct investing
See the pros and cons of TD Direct. Source: Stealth Capitalist.

The higher costs for its service are not for no reason. The platform is one of the best among online brokers, and you’ll have excellent support. If you’re willing to pay a little more, you’ll be able to enjoy a complete and efficient online broker. 

Pros

  • TD Direct Investing makes a huge investment in educational content. On its learning center, you can find every piece of information that you need to improve your investment in videos, webinars, and masterclasses.
  • The investing platform has an efficient tool to help you reach your goals. You establish your goal and TD Investing will give you the proper advice to get there. 
  • The platform is easy enough for a beginner investor to use, but has enough tools and data for experienced investors. 

Cons

  • This platform is not the best when it comes to prices, as it charges high trading fees. 
  • If your account has less than $15,000, you’ll have to pay a $25 maintenance fee.
  • With high fees per trading, the platform is not advantageous for active and frequent trading. 

Does my credit score need to be good?

A brokerage account has no impact on your credit score and the broker will not have to check your score for you to open one. So, don’t worry about your credit score if you’re thinking about opening an investment account.

However, if you’re facing some financial struggle that causes you a bad credit score you might want to fix that before start investing. 

Want to open a TD Direct Investing account?

Every Canadian investor that look for a reliable broker can count on TD Direct Investing to assist them. Not only because the platform itself is excellent and contains every tool an investor needs to succeed, but also because they invest in educational content. There is always room in our brains to learn something new, and this can bring you profit.

card

Online broker

TD Direct Investing

trading educational

The best customer support to invest in many different assets.

You will be redirected to another website

If you’re looking for a lower price, TD is not your choice. The trading fees But if you look for high-quality, this platform is for you. It is especially advantageous if you’re already a client at Toronto-Dominion bank. It will be easier to transfer money to your investment account, and you’ll manage everything in the same place.

But don’t think it is only for TD bank clients. You can enjoy its benefits anyway with peace of mind of using the service of a well-known financial institution. With 3 three different platforms, plus the mobile app, you will definitely find the service you need. Keep reading to learn how to open your account and start using TD Direct Investment.

Apply online

pretty woman smilling using notebook to invest
Apply online and get your TD Direct Investing account. Source: Freepik.

You have two ways of opening your account. You can schedule a meeting at a TD branch, or you can apply online through the website.

This application process to open your account will take you no more than a few minutes. You have many account types to choose from, so you’ll find the best for you for sure. Select the account you’d like to open and hit “apply now”.

To make it faster, make sure to have a picture of a government-issued ID, as well as your SSN, your email, your Canadian address, and your bank account information. You’ll have to answer some questions and fill out the application form.

TD staff will analyze your form, and you’ll get an email as soon as you get approved.

Apply using the app

The TD mobile app for investors is one of the best in Canada. Make sure to apply on their website and you’ll soon be able to enjoy all of the benefits this app has to offer.

TD Direct Investing vs. Qtrade Investing

If you’re not quite sure about choosing TD Direct Investing, you can take a look at some other great online brokers in Canada. One of them is the Qtrade Investing.

TD Direct Investing

  • Trading fees: something around $9,99 per trade.
  • Account minimum: No minimum.
  • Promotion: Transfer at least $25,000 in assets to your TD investing account to have up to $150 in fees waived.
  • Investment choices: Mutual Funds, Options, ETFs, precious metals, Term Deposits, and others.

Qtrade Investing.

  • Trading fees: Mutual Funds and ETFs have a $0 trading fee. Stocks and Options: $8.75.
  • Account minimum: N/A.
  • Promotion: Get a $2,000 bonus.
  • Investment choices: Bonds, New Issues, Stocks, ETFs, OTCs, GICs, and Options.
qtrade

Qtrade Investing brokerage platform full review

The Qtrade Investing brokerage platform is ideal for investors looking for a reliable data source, as well as excellent customer service. Read our review to learn more.

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