With a TD Ameritrade Izone account you can attain flat-fee $5 stock trades. It is an outstanding service available which I use personally myself, and really adds a powerful punch to TD Ameritrade’s reign as a top online stock broker. Most people wonder why they have never heard of this Izone service before, and that is simply because TD Ameritrade doesn’t advertise it… at all.
The Izone Service
How TD Ameritrade can offer $5 flat fee trades is by elimating a lot of the extra jargon they offer with their regular accounts. For starters, all service communication is via email and they don’t advertise the service. Several dollars per trade out of the $9.99 regular commissions goes into advertising online, so that alone is a big cost saver. Secondly, all trades are placed through the internet, so no broker assisted trades through phone. Thirdly, your account must be margin approved and all trades are executed out of house, meaning they are sent directly to the market.
With this setup, Izone users than are granted $5 flat-fee trades which includes after hours trading, no maintenance fees, real-time processing, and more.
In Summary (bullet points taken from here):
You receive:
- $5 online and IVR stock orders (includes market, limit, stop, short sells, odd-lot and OTCBB orders)
- Extended-Hours Trading for $5
- Regular Market + Extended-Hours in one order for $5
- No maintenance fee
- No per-share charge
- Short sells in extended hours
- Online and IVR options commission at $5 + $0.75 per contract
- Complex options tickets
- Mutual fund orders for $17.99
- Real-time processing
- Wireless trading
- Access to a broker at a higher commission
In exchange for these Izone attributes:
- You manage your account and assume your own risk
- All service communication is via e-mail
- Initial account funding is by ACH (Automated Clearing House), bank wire or brokerage transfer
- You maintain an account value of at least $5,000
And that is TD Ameritrade’s Izone in a nutshell, alongside Izone I have my TD Ameritrade Apex account, and their is an advantage or two to having both at the same, but that is a tip for a different day 
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