In 1987, TD Bank Group established Toronto Dominion Securities to provide corporate, treasury and investment banking services to corporate clients. A few years later, TD Bank Group further integrated its investment firm operations to create TD Securities Incorporated - a major financial services company providing solutions to individuals and businesses around the world.
What is TD Securities？
TD Securities offers a comprehensive suite of trading and investment services, featuring user-friendly platforms like WebBroker and the TD app, along with extensive research and robust security measures. They are well-regulated and provide strong client fund protection. However, their fee structure can be high for less active traders.
Pros and Cons of TD Securities
TD Securities offers a comprehensive range of trading and investment services supported by robust security measures and regulatory compliance. Their diverse trading platforms cater to both novice and experienced investors, while extensive research and educational resources support informed decision-making. However, their fee structure can be high for less active traders, and maintenance fees apply to accounts with lower balances.
Is TD Securities safe？
TD Securities is a reputable and safe institution for trading and investing, supported by strong regulations, fund safety measures, and advanced security protocols.
Regulations
TD Securities is regulated by FINRA (Financial Industry Regulatory Authority), ensuring adherence to strict industry standards and providing an added layer of protection for investors.
Funds Safety
Client accounts at TD Securities are protected by SIPC (Securities Investor Protection Corporation), which provides insurance coverage up to $500,000 (including $250,000 for cash claims) per customer in case of brokerage failure. This insurance does not protect against market losses.
Safety Measures
TD Securities employs robust security measures to protect clients' funds and personal information. This includes encryption technologies to secure data transmission and storage. Additionally, they implement comprehensive account security measures such as two-factor authentication (2FA) and regular security audits to prevent unauthorized access and information breaches.
These measures ensure that TD Securities provides a secure environment for trading and investing, prioritizing client safety and regulatory compliance.
What are securities to trade with TD Securities？
TD Securities offers commodities trading with an experienced team of energy and metals specialists. With a long-term commitment to the market and highly sought-after expertise, clients can trust TD Securities to effectively manage risk and financial goals. Offerings include base metals, crude oil, energy storage and transportation, natural gas, precious metals, and refined products and liquids.
In equities, TD Securities is a leading North American dealer with a global footprint, providing origination, structuring, and execution of equity and equity-linked products. Their highly-regarded sales and trading professionals use innovative strategies and an extensive distribution network. The comprehensive suite of solutions includes ADR trading, cash equities sales and trading, corporate access, equity options and alternative strategies, equity research, ETF trading, global electronic trading, global portfolio trading, prime brokerage, structured notes, swaps, and delta one.
TD Securities offers robust fixed income solutions supported by acclaimed research and analytical resources. They build strong relationships and understand clients' businesses to provide versatile solutions, global access, and excellent execution. Key offerings include automated trading, credit products, fixed income solutions capabilities, interest rate products, money markets, municipal products, and securitized products.
For foreign exchange (FX), TD Securities is one of the highest-rated banks in global FX, offering 24-hour global coverage, local knowledge, and deep expertise. Their client-focused insights in both G10 and Emerging Market currencies, coupled with reliable execution and settlement, help capture opportunities and meet objectives. Offerings include commercial foreign exchange services, forwards, non-deliverable forwards, options, retail foreign exchange services, retail precious metals, spot, swaps, and TDFX.
In prime brokerage, TD Securities offers integrated, front-to-back solutions with high-touch service for financing, trade execution, and clearing needs. As part of TD Bank Group, they excel in providing an industry-leading customer experience and forming lasting relationships. Offerings include capital introduction, custody and clearing, financing solutions, liquid alternative fund solutions, fully paid for securities lending, synthetic prime/portfolio swaps, and technology and reporting.
TD Securities is also a leader in securitization, delivering thoughtful analysis and access to competitive funding opportunities. They provide a full suite of services across the entire securitization process, from structuring and distribution to ongoing administration and reporting. By leveraging a strong balance sheet with a full range of cross-border products and tools, TD Securities guides clients through their securitization objectives. Offerings include ABCP funding, balance sheet funding, term ABS structuring and distribution, traditional assets, and esoteric assets. Subscribing clients can access reports and documentation through the TD One Portal.
TD Securities Fees Review
TD Securities' fees are structured to meet diverse trading needs. For online commissions, the standard rate is a $9.99 flat fee for Canadian and U.S. stocks, and $$9.99 plus$$1.25 per contract for options. Active traders (150+ trades per quarter) enjoy reduced rates of $7.00 flat for stocks and $$7.00 plus$$1.25 per contract for options.
Commission-free investments include mutual funds, with no fees for buying, selling, or switching, although a short-term redemption fee may apply. Fixed income products, such as bonds, strip coupons, GICs, T-Bills, and other money market products, have commissions included in the quoted price. For IPOs and new issues, no commissions apply to new issue expressions of interest.
Regarding market data, TD Securities offers real-time snap quotes for Canadian and U.S. markets through WebBroker and the TD app, covering TSX Level I, NYSE Level I, NASDAQ Level I, OPRA Level I, TSX Venture Level I, and MX Level I, free of charge.
A maintenance fee of $25 per quarter applies if the total balance in the TD Direct Investing account is less than $15,000. This fee can be waived through the Household Program, which allows clients to combine balances across accounts. To qualify for waived fees, combined household accounts must exceed $15,000, have at least one account with a Systematic Investment Plan (SIP) or a pre-authorized deposit of at least $100 a month, complete three or more trades in the preceding quarter, hold a Registered Disability Savings Plan (RDSP), or be within the introductory six months of the first account opened within the household.
The Household Program also enables clients to qualify for free real-time streaming quotes in Advanced Dashboard by making 30 or more trades in the preceding quarter. Active trader commission pricing is available for clients making 150 or more trades in the preceding quarter, offering reduced commission rates.
Current offers include earning 1% cash back and 100 trades on the house for new or existing clients opening a new TD Direct Investing account, and a reimbursement of account transfer fees up to $150 for transferring $25,000 or more in assets from another financial institution.
TD Securities App Review
TD Securities offers a range of trading platforms to suit different investor needs. WebBroker is the most popular platform, suitable for all experience levels, allowing users to build diversified portfolios, personalize their home page, and access analytical tools, market data, and research reports. The TD app enables trading on the go with real-time news, notifications, and easy order entry, providing seamless integration with WebBroker. TD Advanced Dashboard is designed for active traders, offering pro-grade tools, real-time streaming data, customizable charting, and access to Canadian and U.S. stocks and options. Active Trader is the most powerful platform, featuring multi-legged options strategies, advanced charting, and personalized, fully customizable features. Additionally, TD Direct Investing offers telephone services for those who prefer to place trades with a Licensed Investment Representative or through an automated system.
Research and Eduation
TD Securities offers a comprehensive education and research section to support investors. The All Insights section provides a wide range of articles and reports on market trends and investment strategies. The Viewpoint Podcast features discussions on market dynamics and investment opportunities. Buyside Views delivers perspectives from buy-side professionals, while the Bid Out Podcast focuses on trading strategies and market analysis. Lastly, the Geopolitics Podcast explores the impact of global political events on the markets.
Customer Service
TD Securities offers robust customer support through multiple office locations in Canada, the United States, Europe, and Asia-Pacific, ensuring a wide-reaching presence to meet client needs.
In Canada, offices are located in Toronto, Calgary, Montreal, and Vancouver. In the United States, they have locations in cities such as Atlanta, Boston, Chicago, Cleveland, Dallas, Detroit, Garden City, Houston, Naples, New York, Orlando, Palm Beach, Radnor, Red Bank, San Francisco, Stamford, Summit, and Washington, D.C.. Each location is equipped with contact numbers for direct communication.
In Europe and Asia-Pacific, TD Securities maintains offices in Belfast, Dublin, Hong Kong, London, Luxembourg, Malta, Mumbai, Seoul, Shanghai, Singapore, Tel Aviv, and Tokyo. These international offices offer local expertise and support to clients operating in global markets.
Additionally, TD Securities provides dedicated telephone services, allowing clients to place trades through Licensed Investment Representatives or an automated telephone system. This ensures that clients have access to support and can execute trades even when they prefer or need to use phone services.
Conclusion
TD Securities is a leading financial institution offering a wide range of trading and investment services, including equities, fixed income, FX, and commodities. They provide user-friendly platforms such as WebBroker and the TD app, along with strong regulatory compliance and robust security measures. While they offer extensive research and educational resources, their fee structure may be high for less active traders. Overall, TD Securities is a reliable choice for both novice and experienced investors.
FAQs
Is TD Securities safe to trade？
Yes, TD Securities is safe to trade. It is regulated by FINRA and offers strong client fund protection through SIPC insurance. They also employ robust security measures, including encryption and two-factor authentication, to safeguard client information and assets.
Is TD Securities a good platform for beginners？
Yes, TD Securities provides user-friendly platforms like WebBroker and the TD app, which are suitable for investors of all experience levels. They offer extensive research and educational resources to support beginners in their trading journey.
Is TD Securities good for investing/retirement？
Yes, TD Securities is a good choice for investing and retirement planning. They offer a wide range of investment options, including mutual funds with no commissions and comprehensive support for retirement accounts.
Risk Warning
The information provided is based on WikiStock's expert evaluation of the brokerage's website data and is subject to change. Besides, online trading entails substantial risks, potentially leading to total loss of invested funds, so comprehending associated risks before engaging is crucial.
