- 1). Look up the commission rates for TD Ameritrade competitors online. For example, E Trade's commission is $7.99; Fidelity's commission is $7.95, as of June 2011.
- 2). Call TD Ameritrade's customer service line at 800-669-3900. Follow the prompts until you reach a live agent.
- 3). Ask the live agent whether your trading commission can be lowered. Explain to the agent that you are considering switching brokers because you can trade with other brokers for lower commissions. Name one or two competitors that you've chosen. Tell the agent you prefer to stay with TD Ameritrade, however, the commission fee is forcing you to consider closing your account and opening an account with another broker. Although difficult, the representative might negotiate your commission if you say you're going to close your account. Citing a competitor's name and fee helps with the negotiation.
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