Is TD Ameritrade Available in India? Alternatives

Founded in 1975, TD Ameritrade is one of the biggest US online brokers, alongside other commission-free brokers such as Robinhood and Webull. It is regulated by top-tier authorities like the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) and the Commodity Futures Trading Commission (CFTC). In 2019, it was acquired by the Charles Schwab Corporation, an American multinational financial services company, stockbroker and bank. TD Ameritrade offers commission-free trading and has a very popular trading platform, Thinkorswim.

Is TD Ameritrade available in India?

No, TD Ameritrade is not available in India. The company's target market is the United States, but other countries can also open an account upon request - you should contact the customer support, and the support team will let you know if you're allowed to open an account or not.

While India is a vast market, TD Ameritrade already has some competitors operating under a similar business model (which we cover below).

Can Indians use a VNP to use TD Ameritrade from India?

No, Indian investors cannot use a VPN to use TD Ameritrade from India. Upon account opening, TD Ameritrade requires specific documentation as proof that you are a U.S. citizen.

  • Interactive Brokers: one of the world's most reputable brokers. Recently launched IBKR Global Trader, a user-friendly mobile app that targets beginner investors.
  • Finvasia: a zero brokerage from India.
  • Zerodha: one of the largest stock brokers in India, with free equity delivery.
  • Upstox: Another Indian stock brokerage that offers zero brokerage on equity delivery.

Conclusion

If you want to open a TD Ameritrade account, you're in bad luck: it doesn't work in India. However, we believe that any of the brokers mentioned above will be good choices. Whether you value security and reputation or want a commission-free trading platform, the alternatives presented should be a good starting point. Explore their websites and decide for yourself!

Hope you found our breakdown helpful, and please let us know if you have any questions or feedback - we're happy to help!

A reminder that the above should not be construed as investment advice and should be considered information only. Investors should do their research and diligence about the services and opportunities best suited for their risk, returns, and impact strategy.

Happy investments!