TD Ameritrade Account Type

　　TD Ameritrade offers a variety of standard brokerage account types to accommodate different investment needs. The main types include:

• Individual Account:
• Owned by one person.
• Client profiles: Cash, Cash and Margin, Cash and Option, Cash, Margin and Option.
• No minimum funding required to open, but electronic funding minimum is $50. Margin or option privileges require a minimum of $2,000.
• Joint Tenants with Rights of Survivorship (JTWROS):
• Owned by two or more individuals with equal rights.
• Similar client profiles as individual accounts.
• No minimum funding required, with the same electronic funding and margin requirements as individual accounts.
• Tenants in Common:
• Owned by two or more individuals, each with a specified percentage of ownership.
• Client profiles similar to other account types.
• No minimum funding required, but non-resident aliens are not eligible.
• Community Property:
• Owned by married couples, with each spouse having equal interest.
• Available only in certain states (e.g., AZ, CA, TX).
• No minimum funding required.
• Tenants by the Entireties:
• Owned by married couples, allowing the surviving spouse to retain full rights upon death.
• Only available in specific states.
• No minimum funding required.
• Guardianship or Conservatorship:
• Managed by a guardian or conservator for a minor or incapacitated individual.
• Client profiles: Cash, Cash and Option.
• No minimum funding required.

　　

TD Ameritrade Broker Account Opening Process

　　Opening a brokerage account with TD Ameritrade is straightforward and can be completed in three easy steps:

• Select a Broker:
• Choose TD Ameritrade as your brokerage firm. They offer a range of account types and resources for investors.
• Open Your Account:
• Fill out the online application by providing personal information such as your name, address, Social Security number, and employment details. The process typically takes about 15 minutes.
• Fund Your Account:
• After your account is opened, you will need to deposit funds. You can set up an electronic transfer from your bank account, write a check, or transfer assets from another brokerage.

　　Once your account is funded, you can start investing according to your chosen account type and investment strategy.