Thinkorswim review


4-star brokerage firm rating


Thinkorswim Fees Schedule, IRA Accounts Rates, Margin Interest Rates, Cash Sweep, Stock Trading Costs, ACAT Fee in 2014




Thinkorswim Fees, Trading Commission Structure, and Investment Products


InvestmentsCommissions
Stocks and ETFs $9.99
Stocks and ETFs broker assisted $49.99
Stocks and ETFs Interactive Voice Response (IVR) Telephone System $34.99
Options $9.99 + $0.75 per contract
No-load mutual funds $49.99
Treasuries at auction $25 flat fee
All other bonds and CMOs, CDs on a net yield basis
Futures $3.50 per contract (inclusive of exchange fees)

Investments stocks, bonds, mutual funds, options, ETFs, bonds, CDs, UITs, futures and forex
Thinkorswim\TOS minimum deposit to open account $0 for cash account, $2,000 for margin account



Thinkorswim Margin Rates


Margin interest rates vary with the base rate and in accordance with the following schedule based on the size of the margin debit balance. As of June 1, 2012 the current base rate is 7.75%


Debit Balance Margin Rate
above $ 999,999 7.75% - 1.50%
$250,000 - $999,999 7.75% - 0.75%
$100,000 - $249,999 7.75% - 0.50%
$50,000 - $99,999 7.75% - 0.25%
$25,000 - $49,999 7.75% + 0.75%
$10,000 - $24,999 7.75% + 1.00%
Under $10,000 7.75% + 1.25%



Thinkorswim Cash Sweep Interest Rates


Dollar Range Interest Rate Annual Percentage Yield
$0.01 - $4,999.99 0.00999% 0.01%
$5,000.00 - $24,999.99 0.00999% 0.01%
$25,000.00 - $99,999.99 0.00999% 0.01%
$100,000.00 - $199,999.99 0.00999% 0.01%
$200,000.00 + 0.00999% 0.01%



Thinkorswim Cash Rates


Dollar Range Interest Rate Annual Percentage Yield
$0.01-$1,999 0.00999% 0.01%
$2,000-$9,999 0.00999% 0.01%
$10,000-$24,999 0.00999% 0.01%
$25,000-$99,999 0.00999% 0.01%
$100,000 and above 0.00999% 0.01%



Thinkorswim Service Fees


  Thinkorswim TD Ameritrade Apex
Certificate Withdrawal $50 (effective until 11/29/2013)
$500 (as of 11/30/2013)
FREE - up to four certificates per calendar year (effective until 11/29/2013)
$500 (as of 11/30/2013)
Checking    
Checkbook Reorder Free/100, $19.90/200, $39.80/400; IRA - Free/20 No Charge
Copy of Check $15 No Charge
Debit Card    
ATM FEEs* Unlimited Rebates - Nationwide Unlimited Rebates - Nationwide
Annual fee $0 $0
Minimum balance None None
Miscellaneous    
Overnight Delivery Billed at cost No Charge
Stop Payment $25 No Charge
Reorganization    
Mandatory $38 No Charge
Voluntary Tender Offer $38 No Charge
Statements and Trade Confirmations    
Electronic Statements No Charge No Charge
Paper Monthly Statements by U.S. Mail FREE: accounts with liquidation value ≥ $10k $2: accounts with liquidation value < $10k No Charge
Paper Quarterly Statements by U.S. Mail FREE: accounts with liquidation value ≥ $10k $2: accounts with liquidation value < $10k No Charge
Paper Trade Confirmations by U.S. Mail FREE: accounts with liquidation value ≥ $10k $2: accounts with liquidation value < $10k No Charge
Replacement Paper Statements by U.S. Mail $5 No Charge
Replacement Paper Trade Confirmations by U.S. Mail $5 No Charge
Transfers    
Outbound Full Account Transfer $75 No Charge
Outbound Partial Account Transfer Free No Charge
Wires (Outgoing) Domestic/International $25 No Charge



Thinkorswim Exception Fees


NSA custody fee $250 per position charged annually
NSA transaction fee $100 per transaction
Forced Margin Sellout $25 + broker commission
Foreign Security $15 + broker commission and all applicable local market charges
Mutual Fund Short-Term Redemption $49.99
Commission-free ETF short-term trading fee $19.99
Regulation T Extension $25
Restricted Security Processing for non-affiliates $50
Restricted Security Processing for Company Affiliates and Restricted Shares Requiring Special Handling $250
Returned Check/Electronic Funding $25
Removal of Non Marketable Security $1.00
French Financial Transaction Tax (FTT) Ordinary & ADR - all opening transactions in designated French companies will be subject to the French FTT. View impacted securities. 0.20% of the total transaction cost
Italian Financial Transaction Tax (FTT) Ordinary & ADR - all opening transactions in designated Italian companies will be subject to the Italian FTT. View securities subject to the Italian FTT 0.12% of the total transaction cost for securities traded on a regulated market or multilateral trading facility in a EU Member State
American Depositary Receipt (ADR) Fee ADR fees charged by custodian banks normally average from one to three cents per share. Fee amounts and timing differ by ADR.*



Thinkorswim Monthly Subscription Fee


Non-professional clients Professional clients TD Ameritrade Apex Clients
Streaming News Free $99.00 Free
NASDAQ Level I Free $20.00 Free
NASDAQ Level I and II Free $50.00 Free
Real-time OPRA quotes Free $26.00 Free
Real-time AMEX quotes Free $30.20 Free
Real-time NYSE quotes Free $50.00 FREE for non-professional clients $50.00 for professional clients



Premium Research Subscriptions


Non-professional Clients and Professional Clients TD Ameritrade Apex
MarketEdge Daily $9.99 $7.49
MarketEdge Daily Plus $19.99 $14.99



Thinkorswim Incentive, Review and Website Link


Read full Thinkorswim Review.

Thinkorswim incentive: Trade free for 60 days + Get up to $600.

Thinkorswim fees are as of 2014 and are subject to change. For the most recent information visit their website:


Thinkorswim review

This article was updated on 02/10/2014.



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