Current TD Ameritrade Thinkorswim brokerage trading account and platform commissions schedule, IRA fees, pricing, cost and per trade fees.

Thinkorswim Commissions

ProductPrice
Stocks and ETFs $6.95
Stocks and ETFs broker assisted $49.99
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 fee 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.
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Thinkorswim Per Trade Fees

TD Ameritrade offers a broad range of investments to pick from, including common and preferred stocks, ETFs, bonds, CDs, options, and futures. If you are looking to build a diversified portfolio that touches across many of these instruments, you’re probably wondering what commissions and fees Thinkorswim charges for each. This article will provide the details on Thinkorswim pricing policy.

ETFs Fees

ETFs form the backbone of many well-rounded portfolios as they offer investors a cost-effective way to access diversified exposure to particular markets, countries, sectors, commodities, etc. Thinkorswim offers more than 300 commission-free ETFs that are free to buy and sell (however any sale on a commission-free ETF that is within 30 days of the last purchase will be assessed a $13.90 short-term trading fee). For ETFs that are not on Thinkorswim’s commission-free list, you will be charged the standard $6.95 commission for each trade, and the short-term trading fee does not apply.

Common and Preferred Stocks Fees

If you prefer to build your portfolio using individual stocks instead of ETFs, Thinkorswim charges the standard $6.95 commission for buys and sells.

Bonds and CDs Fees

TD Ameritrade’s platform supports trading in a wide variety of individual CDs and bonds (corporate, government, and securitized), where the commission is quoted on a net yield basis. This means that TD Ameritrade will charge you a $1 per bond markup/down for each buy/sell, which will be embedded in the price they quote you. Treasuries that are traded at auction are free of commission.

Thinkorswim Options Commissions

For options trades, Thinkorswim charges a standard commission of $6.95 per trade plus an additional $0.75/per contract. For multi-legged options trades you will still only be charged a single standard commission of $6.95 and the $0.75 per contract fee applies to each contract of each leg. Thinkorswim also charges a flat options exercise and assignment fee of $19.99.

Futures

For future trades, Thinkorswim charges a flat $2.25 per contract in addition to regulatory fees, which are generally a very negligible $0.01 per contract.


Thinkorswim Commissions


Forex

Thinkorswim’s platform offers trading in more than 70 unique currency pairs, some of which are commission-free (those that do not contain the “#” symbol) and as a result have wider spreads. FX trades that do incur a commission are traded in increments of 1,000 units, and the commission for these trades is $0.10 per 1,000 units (with a $1 minimum).

Mutual Funds

TD Ameritrade offers thousands of mutual funds on their platform from leading fund families; some of these are commission-free but come with a short-term redemption fee of $49.99 if not held for at least 180 days. The ones that are not commission-free come with a flat $49.99 fee. Some of the mutual funds carry a load, which is a commission you pay to the intermediary marketing the fund. You should use TD Ameritrade’s mutual fund screener to filter through the many mutual fund offerings by their fees and other characteristics to identify the one that’s best for your portfolio.

Broker-Assisted Trades

For clients who aren’t always near reliable internet access, TD Ameritrade offers the ability to place trades over the phone with an automated interactive voice response system (IVR) or live representative for an extra charge. For stocks and ETFs, the commission is $44.99 per trade for live trade assistance and $34.99 per trade using the IVR. For broker-assisted options trades, placing your trade through a live representative will cost you $44.99 plus $0.75 per contract and placing your options trade through the IVR will cost you $34.99 plus $0.75 per contract.

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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 Website

Thinkorswim commissions schedule and fees can change at any time. Visit their web-site for the most up-to-date information on TOS commissions cost and other pricing details.

Thinkorswim Review

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