What are the fees and commissions for trading cryptocurrencies on TD Ameritrade compared to Robinhood?

3 answers

• Dec 28, 2021 · 3 years ago
  When it comes to trading cryptocurrencies on TD Ameritrade and Robinhood, there are some differences in fees and commissions. TD Ameritrade charges a flat fee of $6.95 per trade for all cryptocurrencies, regardless of the trade size. On the other hand, Robinhood offers commission-free trading for cryptocurrencies. However, it's important to note that Robinhood may charge additional fees for certain types of transactions, such as overnight trades or trading on margin. So, while Robinhood may seem more cost-effective at first glance, it's essential to consider all potential charges before making a decision.
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• Dec 28, 2021 · 3 years ago
  If you're looking to trade cryptocurrencies on TD Ameritrade, you'll be charged a flat fee of $6.95 per trade. This fee applies to all trades, regardless of the trade size or the specific cryptocurrency you're trading. On the other hand, Robinhood offers commission-free trading for cryptocurrencies. This means you won't have to pay any fees for buying or selling digital currencies on the platform. However, it's worth noting that Robinhood may charge additional fees for certain types of transactions, such as overnight trades or trading on margin. So, while Robinhood may appear to be a more cost-effective option, it's essential to consider all potential charges before making a decision.
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• Dec 28, 2021 · 3 years ago
  When it comes to trading cryptocurrencies, TD Ameritrade and Robinhood have different fee structures. TD Ameritrade charges a flat fee of $6.95 per trade for all cryptocurrencies, regardless of the trade size. On the other hand, Robinhood offers commission-free trading for cryptocurrencies. This means you won't have to pay any fees for buying or selling digital currencies on Robinhood. However, it's important to note that Robinhood generates revenue from other sources, such as interest on cash balances and premium subscription services. So, while you may not directly pay fees for trading cryptocurrencies on Robinhood, the platform may still have ways of generating revenue. It's crucial to consider these factors when comparing the fees and commissions of TD Ameritrade and Robinhood.
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