Thinkorswim Minimums
Thinkorswim is TD Ameritrade’s flagship desktop trading platform. Thinkorswim is an amazingly powerful and feature-filled platform, but what minimums are required to qualify for and use the platform? We break down the answer to this question as well as other important minimums to know at TD Ameritrade.
Thinkorswim Minimum Deposit
TD Ameritrade has no minimum deposit amount required to open an account. You can open an account without putting any money into it and choose to fund the account at a later date. For depositing with an ACH transfer, you have to transfer at least $50. There is no minimum amount for depositing using a wire transfer, a check deposit, or transferring an account from another firm.
| Thinkorswim minimum deposit to open a cash account | $0 |
| Thinkorswim minimum deposit to open a margin account | $2,000 in cash and/or securities |
| Thinkorswim minimum initial deposit to open a ROTH IRA, Traditional IRA, Simple IRA, or SEP IRA | $0 |
| Thinkorswim minimum balance requirement for a taxable account or an IRA | none |
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Thinkorswim Minimum Balance Requirement
In general, TD Ameritrade has no minimum balance requirements however, there are a few circumstances
that do require a minimum balance. Just like at every other broker, if you want to be a day trader you need to have a minimum balance of $25,000. For margin accounts, you need to have a minimum balance of $2,000.
In general, getting approved for options trading with TD Ameritrade doesn’t require a minimum balance however, there is a minimum marginable equity amount of $5,000 required to hold an uncovered short option position.
TD Ameritrade has no minimum balance requirements to receive guidance from one of their Financial Consultants. You can receive a free planning session from one of their consultants either over the phone or in-person at one of their 200+ branches across the country.
Thinkorswim Account Minimums
There are no account minimums to qualify for any type of account with TD Ameritrade. They don’t charge any fees for a low balance or inactivity in an account. Neither do they charge any annual or monthly account maintenance fees. Lastly, there are no account minimums to qualify for access to thinkorswim and streaming market data inside of thinkorswim.
Thinkorswim Minimum Investments
Unfortunately, TD Ameritrade doesn’t currently offer fractional share trading. Therefore, investing in stocks and ETFs requires you to purchase at least one full-share amount. TD Ameritrade has no investment minimums for mutual funds. However, many mutual funds do have investment minimums that are enforced by the funds themselves.
Thinkorswim Minimum System Requirements
For PC users using TD Ameritrade’s website, they recommend using an operating system of Windows 7 or later and using the latest version of Google Chrome, Microsoft Edge, or Mozilla Firefox for your browser. For Mac users, TD Ameritrade recommends using an operating system of Mac OS 10.11 or later and using Apple Safari 11 or later or the latest version of Chrome or Firefox for your browser.
To download and use the thinkorswim desktop platform on PC, TD Ameritrade has the following minimum system requirements: Windows 10 operating system, Intel Core i3+ processor, 8GB of RAM, 1GB of free space on your hard drive, and a minimum 1280x768 display resolution. For Mac users, all the same minimum system requirements apply except your operating system needs to be a minimum of Mac OS 10.11+.
There are no system requirements on your phone for using TD Ameritrade’s mobile app other than having a smartphone with the available space to download the app.
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Chad Morris is a financial writer with more than 20 years experience
as both an English teacher and an avid trader. When he isn’t writing
expert content for Brokerage-Review.com, Chad can usually be found
managing his portfolio or building a new home computer.
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