Ratings

Overall
Commissions & Fees
Customer Service
Platform & Tools
Research
Ease of Use
Investment Offering
Education
Mobile Trading

Trade Commissions

Equity Trades*	$9.95
Options Fee*	$9.95
Options Contract*	$1.50
Mutual Fund	$15.00
Broker Assisted*	$27.00
Minimum Deposit	$3,500.00

Highlights

Account Features

Virtual Trading
No Minimum Deposit
No Maintenance Fees
No-Fee IRAs
Online Trader Community
Investment Education

Thinkorswim Review

Broker Review

Special Offer: Trade free for 60 days + get up to $600 - Learn More

Likes - One of the best trade platforms on the market with a huge variety of unique tools; dependable customer service; despite initial concerns, being acquired by TD Ameritrade has only left the broker with more room for growth.

Dislikes - Commissions still more pricey than competitors.

Bottom Line - The buyout of thinkorswim by TD Ameritrade has given the broker unlimited resources and leaves us eager to see what new products and innovations are on the way.

2012 Review Results - thinkorswim by TD Ameritrade was rated #1 Overall with 5-stars and received 2012 Best Overall Trading Platform. Read the 2012 Broker Review.

thinkorswim is an online broker that offers low cost stock trades to its large client base of investors. Known for its Investools division, thinkorswim provides its traders with a wide spectrum of educational resources and tools for the self-directed investor. Forex and bond trading can also be performed with a thinkorswim online trading account.

Commission Notes

thinkorswim offers investors several different commission plans which are all broken down in the various sections below:

Stock Trades - Two plans are available to clients. The first offers a flat rate of $.015 per share with a $5.00 minimum and is designed for more active investors and institutional traders. The pricing plan uses a "best" execution routing algorithm to obtain the best available price at that given moment. The rate of $.015 is the same regardless of trade type, time of trade, trade size, etc. The second plan offers up to 5,000 shares per trade for a flat commission of $9.95. For orders over 5000 shares, any order types other than market or limit, or extended hours orders the commission for the entire order is the per share rate of $.015 per share with a $5.00 minimum.

Also note that for OTCBB (pink sheet) stocks or any stocks priced under $2.00 the rate is $9.99 per trade regardless of size or order type.

Options Trades - There are three different rate plans offered to clients:

Designed for investors trading less than 5 contracts per order - The lesser of $2.95 per contract or $9.95 plus $1.50 per contract.
Designed for investors trading atleast 5 contracts per order - $1.25 per contract ($12.95 minimum)
Designed for investors trading atleast 16 contract per order - $.95 per contract ($19.95 minimum)

Mutual Funds - The first three mutual funds trades are free each calender month. Thereafter the rate is $15 per trade.

Other Investment Types - thinkorswim also offers bonds, t-bills, futures, and forex trading. For commission details on these investment types please visit the broker website.

thinkorswim was reviewed by StockBrokers.com on 2012-02-27 with an overall rating of 5 Stars.

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