TD Easy Trade review 2023

What you can trade on TD Easy Trade

• Stocks
• TD exchange-traded funds (ETFs)
• American depositary receipts (ADRs)

Where TD Easy Trade shines

With TD Easy Trade, you can trade thousands of stocks listed on Canadian and US exchanges plus dozens of ETFs designed by investment experts at TD. Add international companies to your portfolio by investing in ADRs, which are stocks of non-US companies held by US depository banks.

The platform is welcoming to newcomers, offering no account maintenance fees, a $0 minimum balance requirement and 50 commission-free trades per year.

Where TD Easy Trade falls short

TD Easy Trade isn’t suitable for advanced investors who want extensive research tools and access to many types of securities. You can only open Tax-Free Savings Accounts (TFSAs), registered retirement savings plans (RRSPs) and cash accounts.

This means you can’t open RESPs, RIFs, LIRAs, LIFs, RDSPs or margin accounts (which let you trade with borrowed funds). Additionally, you can’t trade non-TD ETFs, mutual funds, options, bonds, GICs or fractional shares.

TD Easy Trade fees

Minimum deposit	$0
Monthly fee	$0
Stock trade fees	$0 for the first 50 trades annually (then $9.99 each)
ETF trade fees	Free (for TD ETFs)
Domestic wire payments	Wire out: Up to $10,000: $30 $10,000 – $50,000: $50 Over $50,000: $80 Wire in: $17.50
Account transfer fee	$150

Is TD Easy Trade legit?

TD Easy Trade is backed by one of Canada’s biggest banks and is regulated by the Investment Industry Regulatory Organization of Canada (IIROC). Customer accounts are protected by the Canadian Investor Protection Fund (CIPF), so balances are protected up to $1 million if TD goes bankrupt.

TD Easy Trade is easy to use

It’s very easy to use TD Easy Trade since it’s designed to teach you how to invest. This means that you’ll learn how to navigate the mobile app, execute trades and set your risk balance all in a single place.

All you need to do is download the TD Easy Trade app and sign up for an account to get started. From there, you can load funds into your account, make investments, learn more about the “how to” of investing and set goals to track your progress.

TD Easy Trade’s app

With the TD Easy Trade mobile app, you can buy and sell stocks and ETFs. Get real-time market data and track securities on up to 10 watchlists.

TD Easy Trade’s desktop tools

TD Easy Trade focuses on teaching you how to trade, but it doesn’t offer many research tools and those that are available aren’t complex. But you can take advantage of in-app videos, live master classes and webinars designed to teach you how to buy and sell investments. Set and track goals, and find investments that match your strategies.

TD Easy Trade’s app store reviews

Google Play app reviews	4.3/5 stars based on 521 ratings
Apple App Store app reviews	4.0/5 stars based on 630 ratings

TD Easy Trade’s customer support

TD Easy Trade customer service can be contacted by phone 5 days a week. You can also visit a TD branch in person to speak to a representative if you want help with your account. Unfortunately, there’s no live chat or email option.

How to open an account with TD Easy Trade

1. Start an online application on TD’s website. Existing clients can apply by logging into TD EasyWeb
2. Use the online application to provide personal details like your name, contact info, a copy of government-issued ID and the account type you want.
3. Review and submit your application.
4. Load funds into your account to start trading.

Eligibility and required information

How safe is TD Easy Trade?

TD Easy Trade has a number of industry-standard measures in place to protect customers’ money and data. This includes:

Frequently asked questions about TD Easy Trade

• Is TD Easy Trade good for beginners?

  Yes, TD Easy Trade is designed for beginner investors. It comes with access to the most popular accounts and investment types, simplified research tools and plenty of learning materials. Plus, don't worry about losing money on transaction fees as you learn to invest. Trades cost $0 for the first 50 trades annually (then $9.99 each).

• What account types does TD Easy Trade offer?

  TD Easy Trade only offers TFSAs, RRSPs and cash accounts.

• How do I deposit funds into a TD Easy Trade account?

  Funds can be deposited into a TD Easy Trade account by transferring online from another TD bank account or by bill payment from a non-TD account. You can also deposit funds by logging into the TD Easy Trade app and requesting an Interac e-Transfer.

• TD Easy Trade vs. TD Direct Investing: What's the difference?

  TD Easy Trade offers 50 commission-free trades per year and is designed to teach beginners how to trade. TD Direct Investing provides more investment options and is designed for investors who already have some experience. You'll have to pay $9.99 per trade with TD Direct Investing, but you'll have access to more accounts and investment types.

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