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Thinkorswim Fees Schedule, Commissions, Brokerage Account Cost, and Margin Rates (2020)


Thinkorswim commissions schedule, fees, broker stock trading cost and IRA charges. TOS online investing account pricing and margin interest rates.


Thinkorswim Cost and Charges


It costs nothing ($0) to setup and use Thinkorswim platform and TD Ameritrade brokerage account. There are no annual, maintenance, account closing or inactivity fees.

Thinkorswim (TD Ameritrade) charges $0 commission on all stock and ETF trades.


Thinkorswim Commissions Schedule


InvestmentsCommissions
Equities $0 per trade
Options $0.65 per contract
Mutual funds $49.99 per transaction
Treasuries $25
Bonds on a net yield basis
Futures $2.25 per contract + regulatory and exchange fees
Forex spread

Investments stocks, bonds, mutual funds, options, ETFs, bonds, CDs, UITs, futures and forex
Thinkorswim min. to open an account cash account- $0, margin account - $2,000, IRA account - $0



Thinkorswim's Top Competitors





Thinkorswim Margin Interest Rates


Debit Balance Margin Interest Rates
above $499,999 call 800-655-4777
$250,000 - $499,999 7.50%
$100,000 - $249,999 7.75%
$50,000 - $99,999 8.00%
$25,000 - $49,999 9.00%
$10,000 - $24,999 9.25%
under $10,000 9.50%



Thinkorswim IRA Fees


Fee Amount
Thinkorswim IRA setup fee $0
Thinkorswim annual IRA fee $0
Thinkorswim IRA termination fee $0
Thinkorswim account maintenance fee $0
Thinkorswim account inactivity fee $0
Thinkorswim outbound full account transfer (ACAT) fee $75
Thinkorswim outbound partial account transfer fee $0



Thinkorswim Fees


  TD Ameritrade
Certificate  
Certificate Withdrawal $500
Checking  
Checkbook Reorder FREE/100, IRA - Free/20
Copy of Check $15
Debit Card  
ATM fees Unlimited Rebates - Nationwide
Annual fee $0
Miscellaneous  
Overnight Delivery Billed at cost
Stop Payment $25
Reorganization  
Mandatory $38
Voluntary Tender Offer $38
Statements and Trade Confirmations  
Electronic Statements No Charge
Paper monthly statements by U.S. mail FREE: accounts with liquidation value >= $10k
$2: accounts with liquidation value < $10k
Paper quarterly statements by U.S. mail FREE: accounts with liquidation value >= $10k
$2: accounts with liquidation value < $10k
Paper trade confirmations by U.S. mail FREE: accounts with liquidation value >= $10k
$2: accounts with liquidation value < $10k
Replacement Paper Statements by U.S. Mail $5
Replacement Paper Trade Confirmations by U.S. Mail $5
Transfers  
Outbound Full Account Transfer $75
Outbound Partial Account Transfer Free
Wires (Outgoing) Domestic/International $25



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 $13.99
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 FREE
French Financial Transaction Tax (FTT) Ordinary & ADR - all opening transactions in designated French companies will be subject to the French FTT 0.30% 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 0.10% of the total transaction cost of in scope equities and other financial instruments, and a flat amount which ranges from EUR0 .025 to EUR 200 depending on the relevant instruments and on its notional value for derivatives, 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 Fees (Optional)


Non-professional clients Professional clients
Streaming News Free $99.00
NASDAQ Level I Free $24.00
NASDAQ Leved II Free Free
Real-time OPRA quotes Free $31.50
Real-time AMEX quotes Free $23.00
Real-time NYSE quotes Free $45.00



Premium Research Subscriptions (Optional)


Non-professional Clients and Professional Clients
MarketEdge Daily $9.99
MarketEdge Daily Plus $19.99



Thinkorswim Promotion and Trading Account Review Links


Take a look at a complete Thinkorswim Review.

Thinkorswim new account promotion offer: Get $0 per trade stock and ETF commissions.

Thinkorswim fees could change at any time. Visit TD Ameritrade web-site for the most up-to-date information on Thinkorswim account fees and charges:


Open Thinkorswim Account







Thinkorswim Overview

Traders who need an advanced desktop program to buy and sell securities should check out Thinkorswim by TD Ameritrade. Not only does the software have some very sophisticated features, it's free to use for all the brokerage firm's clients.

Especially beneficial is the charting. There are 400 technical studies, far more than Schwab offers on its advanced platform. There are also several drawing tools, including Fibonacci arcs, trendlines, and notes. The graph style is customizable, as is the rest of the platform. Users can select candlesticks, OHLC bars, line, mountain, equivolume, Heikin Ashi, candle trend, monkey bars, and seasonality. Futures and forex can also be charted, a rarity among brokers.

Beyond charting, Thinkorswim has many other features that will benefit traders. For example, there is a library of on-demand videos from Reuters and CNBC. These cover a wide range of recent business news stories. There is also a large number of heat maps. They are arranged based on indexes, ETF's, and watchlists.

Thinkorswim provides several scanners in the software that search through various products, such as ETF's, stocks, forex, and options. Criteria that can be selected in the search engines include volume, EPS, yield, days to expiration, option type, and return on capital.

Thinkorswim also has a very useful economic calendar. It displays various financial events for the week, such as dividends, earnings announcements, conference calls, splits, futures liquidations, and ETF dividends. The calendar extends several months into the future. Traders can also sign up for alerts on the platform and read financial news articles from Dow Jones.

Unlike the vast majority of stock brokerage firms, TD Ameritrade offers forex and futures trading, both of which can be traded on Thinkorswim. Dealing boxes with buy green buttons and red sell buttons make trading these products quick and easy.


TOS Commissions Schedule


TD Ameritrade's/Thinkorswim's brokerage stock/ETF commissions are now $0 per trade. Unlike most other brokers, there are no surcharges of any kind. The firm also has no hidden fees. Thinkorswim does not charge annual IRA and setup IRA fees.

Thinkorswim is now integral part of TD Ameritrade which was named "The best brokerage firm for your IRA" by Kiplinger's magazine. Barron’s magazine rated the company #1 for Beginner Investors and #1 for Long Term Investing, and gave it top scores in Mobile Trading, Range of Offerings, Research Amenities, Customer Service and Education categories.

The company offers a rare "paper trading" feature, which allows users to test different trading strategies in real environment. This is also a great way to get more comfortable with their powerful and complex trading platform which could be overwhelming for the beginners.

Finally, the standard brokerage account at TD Ameritrade includes functionality of a checking account, which adds convenience for users. The account includes free checks, and a free VISA card, which can be used to make withdrawals at an ATM, or swiped for purchases, just like any other checking account’s VISA. With zero fees, this brokerage account can function as a free, bonus checking account. The mobile application also supports mobile check-deposit, allowing clients to deposit checks by simply snapping a picture of them.

With so many possibilities in the software, Thinkorswim is certainly one of the most advanced platforms in the industry offered by stock brokerage firms today.