Here is why TD Ameritrade Funds are not available for Trading

Here is why TD Ameritrade Funds are not available for Trading

Since Morning of January 27, TD Ameritrade users are facing several Problems, sometimes the TD Ameritrade App is not working and sometimes People are not able to trade with certain securities.

Now the App issue seems to have been solved, but the issue of TD Ameritrade Funds not available for Trading is still there, and as far as We can predict, it will be there as long as GameStop stocks don’t go down.

And the reason for the funds issue has been talked about by TD Ameritrade itself.

TD Ameritrade has just issued an Statement which is as follows:

In the interest of mitigating risk for our company and clients, we have put in place several restrictions on some transactions in $GME, $AMC and other securities. We made these decisions out of an abundance of caution amid unprecedented market conditions and other factors.

TD Ameritrade Funds not available for Trading
Statement from TD Ameritrade for Funds not available for Trading issue

So it is not actually a Bug, but something that is done from TD Ameritrade part.

Certain Finance experts are claiming that TD Ameritrade was losing lots of money when Users were earning lots of Money through certain securities such as GameStop and AMC, hence they have temporarily blocked trading from those securities.

Here are some reactions from Users about this Issue:

Looks like TD Ameritrade doesn’t want its Users to get rich eh.

Samuel Edwards
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