TD Ameritrade Standard Account

TD Ameritrade Standard Account review explained by professional forex trading experts, All you need to know about TD Ameritrade Standard Accounts, For more information about TD Ameritrade broker you can also visit TD Ameritrade review by ForexSQ.com forex trading website, The TopForexBrokers.com ratings forex brokers, or Fxstay.com currency trading investing company and get all information you need to know about the TDAmeritrade Forex broker.

What is TD Ameritrade Standard Account

TD Ameritrade Standard Accounts offer several options that include Individual, Joint Tenants with Rights of Survivorship (JTWROS), Tenants in Common, Community Property, Tenants by the Entireties and Guardianship or Conservatorship.  

  • Individual Accounts are standard brokerage accounts with only one owner. 

  • JTWROS Accounts have two or more account owners and each person has an undivided interest in the property 

  • Tenants in Common Accounts have two or more account owners and each person owns a specified percentage of the entire property. 

  • Community Property Accounts are owned by two married people who acquired the property during the course of the marriage (with exceptions).  Community Property Accounts are allowed in nine U.S. states, including Arizona, California, Idaho, Louisiana, New Mexico, Nevada, Texas, Washington and Wisconsin.  U.S. citizens who reside in Puerto Rico can open this type of account, but non-resident aliens are not allowed to open Community Property Accounts. 

  • Tenants by the Entireties Accounts are also owned by two married people and non-resident aliens cannot open this type of account.  The following U.S. states allow this type of trading account: Alaska, Arkansas, Delaware, Florida, D.C., Hawaii, Kentucky, Maryland, Massachusetts, Michigan, Mississippi, Missouri, New Jersey, Oklahoma, Pennsylvania, Rhode Island, Tennessee, Vermont, Virginia and Wyoming. 

  • Guardianship or Conservatorship Accounts hold the assets of the account owner who is usually a minor or adult individual who is incapable of managing their own affairs.  Investment decisions with these types of accounts are made by a court appointed guardian or conservator.

TD Ameritrade Standard Account Conclusion

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