TD Easy Trade (Formerly TD Goal Assist) Review 2022
- Victor Irungu
- August 12, 2022
Are you looking for a suitable online investment platform? TD Goal Assist might be a good option for you. TD Goal Assist is an easy web login platform that helps you keep track of your investments and goals. It also provides TD Web Broker, a robust online trading tool.
In this TD Goal Assist Review, we will take a look at the platform's features to see if it is a good fit for your investment needs.
Table of Contents
TD Goal Assist Account Types
TD Goal Assist offers three account types:
Cash Account
This allows easy access to your money and can be used for everyday expenses.
A Tax-Free Savings Account (TFSA)
This allows you to save money tax-free and withdraw it anytime for any reason.
Registered Retirement Savings Plan (RRSP)
This account allows you to save for retirement and get a tax deduction on your contributions.
TD Goal Assist Fees and Account Pricing
Luckily, TD Goal Assist has no annual fee. However, there are commissions on some trades. For example, if you buy stocks, TD Goal Assist charges a commission of $9.99 per trade. The TD Goal Assist minimum investment is $1,000. This minimum investment is for opening an account and does not apply to subsequent investments.
You can withdraw money from TD Goal Assist by transferring the funds to your bank account. The process usually takes 1-3 business days. You can also request a cheque, which will be mailed within 5-7 business days.
Moreover, for the stocks, TD Goal Assist offers two pricing plans:
- TD Goal Assist Basic Plan: $9.99 per trade
- TD Goal Assist Advanced Plan: $6.99 per trade (if you make more than 150 trades per quarter)
TD Goal Assist Features
TD Goal Assist offers many features that can be useful for investors. For example, the platform provides:
TD Web Broker
This powerful online trading tool allows you to buy and sell stocks, ETFs, and mutual funds.
Investment Goals
You can set up investment goals on TD Goal Assist, and the platform will help you track your progress.
TD e-Series Funds
These low-cost mutual funds can be purchased commission-free on TD Goal Assist.
TD Goal Assist Platforms
TD Goal Assist is available on the following platforms:
- Web browser
- iPhone
- iPad
TD Goal Assist vs. TD Direct Investing
TD Goal Assist is TD Bank’s online investment platform. TD Direct Investing is TD Bank’s full-service brokerage firm.
Here’s a comparison of the two platforms:
Fees
TD Goal Assist has no annual fee, while TD Direct Investing charges a yearly fee of $100.
Accounts
TD Goal Assist offers three account types (cash, TFSA, and RRSP), while TD Direct Investing offers five account types (cash, TFSA, RRSP, margin, and extended hours trading).
Investments
Both platforms offer stocks, ETFs, and mutual funds. However, only TD Goal Assist offers TD e-Series funds.
Platforms
Both platforms are available on the web browser, iPhone, and iPad. TD Direct Investing is also available on Android.
TD Goal Assist is a good investment platform for those looking for easy web login and a robust online trading tool. However, there are commissions on some trades. TD Direct Investing might be a better option if you are looking for a platform with no commissions.
TD Goal Assist Pros & Cons
Pros: The Good Stuff
Cons: The Not So Good Stuff
TD Goal Assist vs. Competitors
TD Goal Assist vs Wealthsimple
TD Goal Assist has no annual fee, while Wealthsimple charges a yearly fee of $100. Moreover, TD Goal Assist offers three account types (cash, TFSA, and RRSP), while Wealthsimple offers five account types (cash, TFSA, RRSP, margin, and extended hours trading).
Both platforms offer stocks, ETFs, and mutual funds. However, only TD Goal Assist offers TD e-Series funds. Also, both platforms are available on the web browser, iPhone, and iPad. TD Direct Investing is also available on Android.
TD Goal Assist vs Questrade
TD Goal Assist has no annual fee, while Questrade charges a monthly fee depending on your subscription plan. Furthermore, TD Goal Assist offers three account types (cash, TFSA, and RRSP), while Questrade offers five account types (cash, TFSA, RRSP, margin, and extended hours trading).
Both platforms offer stocks, ETFs, and mutual funds. However, only TD Goal Assist offers TD e-Series funds and are available on the web browser, iPhone, and iPad. TD Direct Investing is also available on Android.
Is TD Goal Assist Right for me?
TD Goal Assist is a good investment platform for those looking for easy web login and a powerful online trading tool. However, there are commissions on some trades. TD Direct Investing might be a better option if you are looking for a platform with no commissions. With the above TD Goal Assist Review, you can make a sound decision.
Frequently Asked Questions
TD Bank owns TD Goal Assist. TD Bank is a Canadian bank headquartered in Toronto, Ontario.
TD Goal Assist does not charge any commission to buy stocks. However, there is a 1% fee on the total value of the trade for accounts with less than $25,000.
On the other hand, to sell stocks, TD Goal Assist charges a commission of $9.99 per trade for accounts with less than $25,000. For accounts with more than $25,000, TD Goal Assist charges a commission of $6.99 per trade.
Yes, TD Goal Assist is a good investment platform for beginners. TD Goal Assist offers TD e-Series funds, which are commission-free and have low management fees. In addition, TD Goal Assist has an easy web login and powerful online trading tool. However, there are commissions on some trades. If you are looking for a platform with no commissions, TD Direct Investing might be a better option.
About the Author
Victor Irungu
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