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.


Debit Balance Margin Rate
above $ 999,999 6.25%
$250,000 - $999,999 7.00%
$100,000 - $249,999 7.25%
$50,000 - $99,999 7.50%
$25,000 - $49,999 8.50%
$10,000 - $24,999 8.75%
under $10,000 9.00%


When setting the base rate, TD Ameritrade considers indicators including, but not limited to, commercially recognized interest rates, industry conditions relating to the extension of credit, the availability of liquidity in the marketplace, the competitive marketplace and general market conditions.




Thinkorswim Cash Sweep Interest Rates


TD Ameritrade FDIC Insured Deposit Account 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%


Cash in the IDA is held at TD Bank, N.A., TD Bank USA, N.A., or both. Assets at each bank will be eligible for FDIC insurance of up to $250,000 per depositor. Because there are two banks in the IDA program, IDA balances could be covered for up to $500,000 per depositor. TD Bank N.A. and TD Bank USA, N.A. are affiliates of TD Ameritrade.




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


  TD Ameritrade TD Ameritrade Apex
Certificate    
Delivery $50 No Charge (up to four certificates per calendar year)
Transfer of Ownership $70 No Charge (up to four certificates per calendar year)
Checking    
Checkbook Reorder Free/100, $19.90/200, $39.80/400; IRA - Free/20 No Charge
Copy of Check $15 No Charge
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

All prices shown in U.S. dollars. Fees charged may vary by program, location or arrangements. Fees are subject to change upon 30 days notice to you. TD Ameritrade charges a sales fee on certain sell transactions. The sales fee is assessed at a rate consistent with Section 31 of the Securities and Exchange Act of 1934.




Thinkorswim Exception Fees


Custody Holding $250 annual fee
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

All prices shown in U.S. dollars. Fees charged may vary by program, location or arrangements. Fees are subject to change upon 30 days notice to you. TD Ameritrade charges a sales fee on certain sell transactions. The sales fee is assessed at a rate consistent with Section 31 of the Securities and Exchange Act of 1934.




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 $27.00 Free
Real-time AMEX quotes Free $24.00 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 9/30/2014.



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