TD Easy Trade Review

What is TD Easy Trade?

TD Easy Trade is an innovative trading application part of TD Direct Investing. The platform is designed to make investing accessible to everyone, regardless of their experience level. One of its standout features is the offer of 50 commission-free stock trades per year for each client, along with unlimited commission-free trading of TD ETFs.

Regarding products, the platform allows you to invest in individual stocks and TD ETFs. It also offers TD One-Click ETF portfolios, which are curated investment packages designed to align with various financial goals. The interface is user-friendly, featuring educational resources like short instructional videos and live sessions with experts to guide you through your investment journey.

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TD Easy Trade Key Features

TD Easy Trade offers an range of features tailored to enhance and secure your trading experience, such as instant trading for swift executions and a dedicated desk for substantial trades. Here's an overview of the essential features you'll find on TD Easy Trade:

• Diverse Investment Choices: Gain access to a broad spectrum of asset categories in Canadian markets, like stocks, ETFs, options, mutual funds, bonds, and GICs. 
• Various CAD Funding Options: TD Easy Trade offers multiple methods for depositing Canadian dollars into your account, including Interac e-Transfers, wire transfers, and direct deposits. 
• User-Friendly Mobile App: The TD Easy Trade interface is straightforward, incorporating all the standard market orders you'll need for uncomplicated trading (market, limit, stop, and trailing stop orders).
• 24/7 Customer Assistance: The platform provides uninterrupted customer support through multiple channels, such as phone, live chat, and email. 
• Robust Security Protocols: With features like two-factor authentication, advanced encryption techniques, and fingerprint recognition, TD Easy Trade prioritizes the safety of your investments and personal data. 
• Advanced Trading Instruments: For traders looking for more complex trading options, TD Easy Trade offers an Advanced Trader interface with functionalities like conditional orders and real-time charting. 
• Regulatory Compliance: TD Easy Trade fully complies with Canadian laws and is a member of the Investment Industry Regulatory Organization of Canada (IIROC), ensuring a secure and regulated trading environment.

Is TD Easy Trade Regulated?

Absolutely, TD Easy Trade is overseen by the Investment Industry Regulatory Organization of Canada (IIROC). It adheres to rigorous federal standards, offering a reliable platform for trading a wide range of financial products. To enhance the safety of client funds, it employs a thorough asset management system, and a considerable amount of customer assets are stored in separate accounts for optimal security.

TD Easy Trade prioritizes the protection of its customers' financial assets and confidential data. To accomplish this, the platform utilizes a variety of security features, including two-step verification, firewall protections, and state-of-the-art encryption methods. Periodic security evaluations are carried out to maintain the integrity and safety of the trading platform.

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Fee Schedule

The fee structure for TD Easy Trade is one of the most competitive in the market. They offer 50 free trades to help new investors not lose money when learning about financial markets. After the 50 trades are completed, the fee structure is $9.99 per trade for all assets listed on the platform. There are no monthly or quarterly management fees or subscription fees to use TD Easy Trade.

Best TD Easy Trade ETFs

TD Easy Trade gives users access to over 30 different TD ETFs that provide broad exposure to different market segments like Banking/Financials, Technology, or Commodities. The best-performing TD ETFs over the past year have been:

1. TD Q Canadian Dividend ETF (TQCD): 1YR = 26.55%
2. TD Q Canadian Low Volatility ETF (TCLV): 1YR = 25.59%
3. TD Q U.S. Low Volatility ETF (TULV): 1YR = 22.03%
4. TD Canadian Equity Index ETF (TP): 1YR = 20.49%
5. TD Canadian Equity Index ETF (TTP): 1YR = 20.04%

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Mobile App

The TD Easy Trade mobile app is very intuitive and is designed for new retail investors. The layout is simple and clear for users to deposit funds, buy stocks, and watch/manage their investment portfolios. The portfolio pages are sleek, easy to read, and give the feeling of platform gamification. It is currently rated 4.2 stars on the Apple App Store and 4.1 stars on the Google Play Store.

Customer Support

TD Easy Trade offers 24/7 customer assistance through various channels, including live chat and social media platforms like Facebook, Instagram, and Twitter. While you have the option to reach out via email, the response time can range from a few hours to two days. Although TD Easy Trade does offer educational materials and the availability of live brokers, its customer support offerings are not as extensive as some other financial platforms. 

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Final Thoughts

To wrap up, TD Easy Trade is a robust trading platform that democratizes the investment landscape. Offered by TD Direct Investing, the app is designed to cater to all levels of investors. With features like 50 commission-free stock trades per year and unlimited commission-free TD ETFs, it offers an affordable entry into the world of investing.

The platform doesn't just stop at affordability, it also provides a wide range of investment options, from individual stocks to TD ETFs and even curated One-Click ETF portfolios. Its user interface is intuitive, making it easy for anyone to start investing. It ensures the safety of your investments and personal data through robust security protocols and is fully regulated by the Investment Industry Regulatory Organization of Canada (IIROC).