Best Direct Access Broker Trading Platform

2017 best direct access brokerage firm review. Top direct access trading platform: featues, fees, pros and cons.

Best Direct Access Broker Review

Brokerage firm called Thinkorswim was bought by TD Ameritrade, and is now part of one of the largest brokerage houses in the country. All new Thinkorswim and TD Ameritrade customers have the same account with identical features, tools and services. Thinkorswim platform could be downloaded by opening account at TD Ameritrade, logging in and going to "Trading Tools -> thinkorswim" in the main menu.

Thinkorswim (TOS) charges an average commissions on stocks and ETFs - $6.95 per trade. However, this rate is NEGOTIABLE for active traders. If you can show that you trade a lot in your account, contact them and they will be happy to discuss pricing with you. One of our traders got his commission down to $4.99 per stock trade.

There are no surcharges at the company: the same commission applies to all trades, including penny stocks, extended hours orders, pink sheet stocks and large orders. Majority of online brokerages have one or more of these additional charges. What makes TOS one of the best direct access brokers is that there are also no steep monthly trading platform fees that all other competitors charge.

TOS is known for great customer service, and their best-in-industry, versatile, powerful, customizable direct access trading platform. The firm is offering impressive range of investments for clients to choose from, including access to forex and futures trading. The ability to trade all types of option strategies along with futures and forex on the same platform is incredible.

Within the Thinkorswim platform you can trade almost every type of investment that you can think of: stocks, options, forex, futures and others. In addition, it comes with fantastic technical analysis tools for chart readers, which is critical for active traders.

The charting and trading screens are very customizable to your preferences. You can move windows around, change colors, draw your own support and resistance lines, and add or subtract hundreds of preset technical indicators as you like, including some that you can only find in Thinkorswim, such as "market forecast", "trade the market" and others.

Thinkorswim customers get access to impressive range of third-party research, including Standard & Poor's, Morningstar, Jaywalk, and TheStreet.

Learn more in Thinkorswim review.

Best Direct Access Broker

Commissions (negotiable for active traders)

Stocks and ETFs $6.95
Stocks and ETFs broker assisted $44.99
Options $6.95 + $0.75 per contract
No-load mutual funds $49.99
Treasuries at auction $25
All other bonds and CMOs, CDs on a net yield basis
Futures $2.25 per contract (plus exchange & regulatory fees)
Forex Non-commission currency pairs trade in increments of 10,000 units (and do not contain a "#" symbol suffix). There are no additional fees or charges.

Investments stocks, bonds, mutual funds, options, ETFs, bonds, CDs, UITs, futures and forex
Thinkorswim minimum deposit to open account $0 for cash account, $2,000 for margin account
FeesThinkorswim fees
Promotion and login linksThinkorswim login, Thinkorswim promotions

ThinkOrSwim Advantages

  • Best trading platform on the market
  • No surcharges on stocks under $1, large orders, or after-hours trading
  • Trading with one of the largest and well-known brokerage houses in the country
  • Users can practice trading without risking real money using PaperMoney virtual trading account
  • Easy access to myTRADE trader community
  • No-fee IRA accounts
  • No account maintenance or inactivity fees
  • Free streaming quotes, including Level II
  • Rich selection of independent, third-party research from 13 firms (Standard & Poor's, Morningstar, Jaywalk, TheStreet, and others)
  • 100+ ETFs with no commissions

Thinkorswim Promotion Code

Open Thinkorswim Account

Updated on 1/10/2017.

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