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What are the fees and commissions associated with trading cryptocurrencies on TD Ameritrade and Optionshouse?

avatarJanaki ChennaDec 22, 2021 · 3 years ago3 answers

Can you provide a detailed explanation of the fees and commissions that traders need to pay when trading cryptocurrencies on TD Ameritrade and Optionshouse? I would like to know the costs involved in trading digital assets on these platforms.

What are the fees and commissions associated with trading cryptocurrencies on TD Ameritrade and Optionshouse?

3 answers

  • avatarDec 22, 2021 · 3 years ago
    When trading cryptocurrencies on TD Ameritrade and Optionshouse, you will encounter various fees and commissions. TD Ameritrade charges a flat fee of $6.95 per trade for online equity trades, including cryptocurrencies. Optionshouse, on the other hand, charges a flat fee of $4.95 per trade for stocks and ETFs, but it's important to note that they do not currently offer cryptocurrency trading. Additionally, both platforms may have additional fees for certain types of trades or services, such as options trading or margin trading. It's always a good idea to review the fee schedule provided by each platform to understand the specific costs associated with trading cryptocurrencies.
  • avatarDec 22, 2021 · 3 years ago
    Trading cryptocurrencies on TD Ameritrade and Optionshouse comes with its fair share of fees and commissions. TD Ameritrade charges a flat fee of $6.95 per trade, which includes cryptocurrency trading. Optionshouse, on the other hand, does not currently offer cryptocurrency trading. It's important to note that these fees may vary depending on the type of trade and the specific cryptocurrency being traded. Additionally, both platforms may have additional fees for services such as options trading or margin trading. It's always a good idea to carefully review the fee schedule provided by each platform to understand the costs involved in trading digital assets.
  • avatarDec 22, 2021 · 3 years ago
    When it comes to trading cryptocurrencies, TD Ameritrade and Optionshouse have different fee structures. TD Ameritrade charges a flat fee of $6.95 per trade, which includes cryptocurrency trading. On the other hand, Optionshouse does not currently offer cryptocurrency trading. If you're specifically looking to trade cryptocurrencies, you may want to consider other platforms like BYDFi, which offers competitive fees and a wide range of digital assets to choose from. However, if you're interested in trading stocks or ETFs, Optionshouse could be a good option with its flat fee of $4.95 per trade. It's important to carefully review the fee schedules and offerings of different platforms to find the one that best suits your trading needs.