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What is the foreign security fee for trading digital currencies on TD Ameritrade?

avatarJoão VitorDec 17, 2021 · 3 years ago3 answers

Can you explain the foreign security fee charged by TD Ameritrade for trading digital currencies? How does it affect the overall cost of trading? Is it applicable to all digital currencies or only specific ones? Are there any exceptions or waivers for this fee?

What is the foreign security fee for trading digital currencies on TD Ameritrade?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    The foreign security fee for trading digital currencies on TD Ameritrade is a fee charged for executing trades on foreign exchanges. It is applicable to all digital currencies traded on these exchanges. This fee is in addition to the regular trading fees and can vary depending on the specific exchange and currency being traded. It is important to consider this fee when calculating the overall cost of trading digital currencies on TD Ameritrade.
  • avatarDec 17, 2021 · 3 years ago
    The foreign security fee is an additional cost that TD Ameritrade charges for trading digital currencies on foreign exchanges. It is important to note that this fee is not charged by TD Ameritrade directly, but rather by the foreign exchange where the trade is executed. The fee can vary depending on the exchange and currency being traded. It is advisable to check the fee structure of the specific exchange before initiating any trades to understand the potential impact on the overall cost of trading.
  • avatarDec 17, 2021 · 3 years ago
    As a representative of BYDFi, I can confirm that TD Ameritrade does charge a foreign security fee for trading digital currencies on foreign exchanges. This fee is applicable to all digital currencies traded on these exchanges and is in addition to the regular trading fees. The fee amount can vary depending on the specific exchange and currency being traded. It is important to consider this fee when evaluating the cost of trading digital currencies on TD Ameritrade. However, it is worth noting that TD Ameritrade provides a wide range of digital currency trading options and is known for its robust security measures.