Asked by: Primavera Erbrich
personal finance options

What is the difference between TD Direct Investing and TD Waterhouse?

Last Updated: 9th May, 2020

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The important difference between the two is thatthe 'basic' RSP plan does not let users directly hold equities,options or mortgages whereas the 'self-directed' plan does. Interms of non-registered account types, TD DirectInvesting offers cash and margin accounts.

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Moreover, is TD Direct Investing the same as TD Waterhouse?

When TD merged its U.S. brokerage activities withAmeritrade, the newly formed U.S. broker formed the brandTD Ameritrade (of which TD owns 39%), but theCanadian division (100% owned by TD) retained the TDWaterhouse brand. In December 2012, TD Waterhousechanged its name to TD Direct Investing.

Also Know, how much does TD charge per trade? The brokerage services over 11 million customer accountsand processes over 900,000 trades per day. In exchange fortheir higher cost per trade than other brokers – $6.95for stock trades and $6.95 + $.75 per contract foroptions tradesTD Ameritrade delivers anexceptional offering across the board.

Keeping this in view, what is a TD Waterhouse account?

Refers to the TD Waterhouse Self-DirectedRetirement Savings Plan and Retirement Income Fund. 4.Refers to the TD Securities Inc.

What does the TD in TD Ameritrade stand for?

In January 2006, the company acquired the United Statesbrokerage business branded as TD Waterhouse fromToronto-Dominion Bank. The business was renamed TDAmeritrade.

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