Thinkorswim Commission Schedule
| Investments | Commissions |
|---|
| Stocks and ETFs | $0 |
| Options | $0.65 per contract |
| Mutual funds | $0/$49.95/$74.95 to buy, $0 to sell |
| Futures | $2.25 per contract |
| CDs, Corporate Bonds, Municipal Bonds, Government Agencies, Zero-Coupon Treasuries,
including STRIPS and Mortgage-Backed Securities | $1 per bond, $10 minimum, $250 maximum |
| Preferred Stocks and REITs | $0 |
| Commercial Paper and Foreign Bonds, Unit Investment Trusts | call for pricing |
| Investments |
stocks, bonds, mutual funds, futures, Treasury issues, options, CDs, insurance, ETFs,
forex, annuities, non-U.S. securities and ADRs, WEBs and Canadian foreign orders
|
| Charles Schwab minimum deposit to open account | $0 for cash account, $2,000 for margin account |
| Promotion link | Charles Schwab promotions |
Thinkorswim Margin Interest Rates
|
Debit Balance
|
Charles Schwab Margin Rate
|
|
$0 - $24,999.99
|
12.575%
|
|
$25,000 - $49,999.99
|
12.075%
|
|
$50,000 - $99,999.99
|
11.125%
|
|
$100,000 - $249,999.99
|
11.075%
|
|
$250,000 - $499,999.99
|
10.825%
|
|
$1,000,000+
|
call 877-752-9749
|
Thinkorswim Fees
Thinkorswim is free to use. There are no fees of any kind to use Thinkorswim in mobile, desktop, or web-browser format. There are no fees to use Thinkorswim in live or simulated mode.
Schwab does not charge anything for real-time data on Thinkorswim. This great policy includes Level II quotes, time & sales data, quotes on futures and futures options, forex feeds, and all other numbers that appear for equities and equity options. News articles are also free, and of course, there are no fees for any of the trading and research tools.
In addition to this great no-fee policy, Schwab imposes no account minimums or trading requirements to use Thinkorswim in any version. There is no minimum account value and no monthly minimum trade volume to gain access to the platform. An account with zero balance can log in and try the program in live or practice mode.
It’s also free to log into Schwab’s website and go through the many materials on Thinkorswim education. These resources can be found under the Learn tab on the website.
Although there are neither fees nor account requirements to trade on Thinkorswim, Schwab does require an actual account to be opened. This account will come with no fees and no minimum deposit requirement, further adding to the great value here.
Free Thinkorswim Account
Visit Thinkorswim Website
Thinkorswim Account Activity Fees
| Amount Late settlement | $25 |
| Mutual fund Online and Automated Phone short-term redemption fee | $49.95 |
| Mutual fund Broker-Assisted short-term redemption fee | $49.95, plus $25 service charge |
Order out of certificates (for all U.S. and some Canadian securities):
Book entry of securities held electronically at transfer agent (Direct Registration System) | $0 per issue |
Order out of certificates (for all U.S. and some Canadian securities):
Physical certificates | $100 per certificate. Additional charges can apply for rush requests. |
| Security reorganization (voluntary, mandatory, and post-effective) | $0 |
| Transfer (out) of assets: Full | $50 per account |
| Transfer (out) of assets: Partial | $0 per account |
Other Thinkorswim Commissions
| Canadian Stock Transactions | $6.95 |
| Foreign Stock Transactions (Trades placed on the U.S. over-the-counter (OTC) market) | $50 |
| Foreign Stock Transactions (Trades placed directly on a foreign exchange) | Online: Not available. Broker-Assisted: The greater of $100 or 0.75% of principal, with no maximum |
| Non-U.S. ETFs are available for eligible non-U.S. residents as broker-assisted trades | $50 |
| Large block transactions (orders of 10,000 or more shares, or orders over $500,000) | Can be eligible for special handling and/or pricing—please call us for information. |
| Restricted stock transactions | Broker-assisted commission pricing schedule applies for all restricted stock trades |
Free Thinkorswim Platform
Visit Thinkorswim Website
Updated on 2/7/2025.
Arthur Chachuna is a professional personal finance blogger, and the owner of Brokerage-Review.com.
He has been an avid investor for 25 years, and has a background in both applied math and programming.
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