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
|
12.075%
|
|
$25,000 - $49,999.99
|
11.575%
|
|
$50,000 - $99,999.99
|
10.625%
|
|
$100,000 - $249,999.99
|
10.575%
|
|
$250,000 - $499,999.99
|
10.325%
|
|
$1,000,000+
|
call 877-752-9749
|
Thinkorswim Fees
Thinkorswim is completely free to use. There are no charges to access Thinkorswim on mobile, desktop, or web versions. You can use the platform in both live and paper (simulated) modes at no cost.
Schwab provides real-time market data on Thinkorswim at no charge. This policy includes Level II quotes, time and sales data, futures and futures options prices, forex quotes, and all other real-time information for stocks and options. News content is also free, and there are no fees for any of the research or trading tools.
On top of this no-fee structure, Schwab has no account minimums or trading requirements for Thinkorswim. There’s no minimum balance or required trade volume to use any version of the platform. Even an account with a zero balance can access and use Thinkorswim in live or practice mode.
It’s also free to visit Schwab’s website and explore the many educational resources about Thinkorswim. These can be found under the Learn tab on the site.
Although there are no fees or account requirements to trade on Thinkorswim, Schwab does require an account to be opened. This account also has no fees or minimum deposit, making Thinkorswim an exceptional value for traders.
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 10/29/2025.
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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