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TD Direct Investing: A Review of the Platform’s Pricing and Fees

TD Direct Investing is a popular online investment platform that offers users the opportunity to manage their own portfolios without the need for a financial advisor. As with any investment platform, it’s important to consider the pricing and fees associated with using TD Direct Investing before committing to the platform.

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Pricing

TD Direct Investing offers a straightforward pricing structure for investors. The platform charges a flat fee of $9.99 per trade for online equity trades, regardless of the size of the trade. This fee is on par with many other online brokerage platforms, making it a competitive option for investors looking to make frequent trades.

In addition to the flat fee for equity trades, TD Direct Investing also offers commission-free ETF trading. This can be a significant cost savings for investors who prefer to use ETFs as part of their investment strategy.

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Fees

In terms of fees, TD Direct Investing charges an annual account maintenance fee of $25 for non-registered accounts with a balance under $15,000. Registered accounts, such as RRSPs and TFSAs, are exempt from this fee. There is also a quarterly fee of $100 for clients who do not meet the minimum trade commission revenue of $50 in a calendar quarter. However, this fee can be waived if the client has a combined household balance of $15,000 across all TD accounts.

Overall, the fees associated with TD Direct Investing are relatively competitive compared to other online brokerage platforms. It’s important to keep in mind that fees can vary depending on the type of account and the level of trading activity, so it’s worth reviewing the fee schedule in detail before opening an account.

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Customer Service

One of the key advantages of using TD Direct Investing is the platform’s strong customer service. Clients have access to a dedicated team of investment representatives who can provide assistance with account setup, trading strategies, and general investment advice. TD Direct Investing also offers a range of educational resources and tools to help clients make informed investment decisions.

In conclusion, TD Direct Investing offers a competitive pricing structure, reasonable fees, and strong customer service. Whether you’re a seasoned investor or just starting out, this platform is worth considering for managing your investment portfolio. Before making any decisions, be sure to review the platform’s pricing and fees to ensure they align with your investment goals and trading activity.

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