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
| Investments | Commissions |
|---|
| 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 Margin Interest Rates
|
Debit Balance
|
Margin Interest Rates
|
|
above $499,999
|
call 800-655-4777
|
|
$250,000 - $499,999
|
12.75%
|
|
$100,000 - $249,999
|
13%
|
|
$50,000 - $99,999
|
13.25%
|
|
$25,000 - $49,999
|
14.25%
|
|
$10,000 - $24,999
|
14.5%
|
|
under $10,000
|
14.75%
|
TD Ameritrade Promotion Offer
Open TD Ameritrade Account
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
|
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 Level 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)
|
MarketEdge Daily
|
$9.99 |
|
MarketEdge Daily Plus |
$19.99 |
TD Ameritrade Promotion and Trading Account Review Links
Take a look at a complete
Thinkorswim Review.
Thinkorswim new account promotion offer: $0 commissions + transfer fee reimbursement.
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 TD Ameritrade Account
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,
ETFs, and watchlists.
Thinkorswim provides several scanners in the software that search through various products, such as ETFs, 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.
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.
TD Ameritrade Promotion Offer
Open TD Ameritrade Account
Arthur Chachuna is professional personal finance blogger, and the owner of Brokerage-Review.com.
He has been an avid investor for 23 years, and has background in both applied math and programming.
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