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Broker Reviews

thinkorswim

Published by
On Monday, April 14th, 2014 .

Overview

Dislikes

Please see our TD Ameritrade Review.

Thinkorswim by TD ameritrade is an online broker that offers low cost stock trades to its large client base of investors. Thinkorswim by TD Ameritrade provides its traders with a wide spectrum of tools for the self-directed investor. Forex and bond trading can also be performed with a TD Ameritrade online trading account.
Blain Reinkensmeyer

Reviewed by

Blain has been involved in the markets for over 12 years, heading StockBrokers.com equity broker research and reviews. His personal blog, StockTradingToGo.com, provides to-the-point daily market recaps to over 17,000 subscribers.

Commission Notes

Trade Commissions Breakdown

$9.95 Stock Trade Fee*
$9.95 Options Base Fee*
$1.50 Options Per Contract Fee*
N/A Options Exercise Fee
N/A Options Assignment Fee
$15.00 Mutual Fund Trade Fee
$27.00 Broker Assisted Trades Fee
$3,500.00 Minimum Deposit

Margin Rates

0.00% Under $24,999.99
0.00% $25,000.00 to 49,999.99
0.00% $50,000.00 to $99,999.99
0.00% $100,000.00 to $249,999.99
0.00% $250,000.00 to $499,999.99
0.00% $500,000.00 to $999,999.99
0.00% Above $1,000,000.00

Miscellaneous Fees

N/A Bond Trade Fee
N/A Treasury Trade Fee
$0.00 CD Trade Fee
N/A IVR Trade Fee
N/A IRA Annual Fee
N/A IRA Closure FEe
N/A Forced Margin Sellout Fee
N/A Returned ACH Fee
N/A Returned Wire Fee
N/A Stock Certificate Processing Fee
N/A Stock Certificate Delivery Fee
N/A Paper Statement Fee
N/A Paper Confirmation Fee
N/A Domestic Wire Fee
N/A International Wire Fee

Broker Ratings

Commissions & Fees
Ease of Use
Overall
Research
Platforms & Tools
Customer Service
Mobile Trading
Offering of Investments
Education
Overall

Broker Awards

Misc. Account Information

0 Clearing Firm
-1 Commission Free ETFs
-1 Retail Locations
-1 Mutual Funds (Load)
-1 Mutual Funds (No Load)
-1 3rd Party Research Reports
N/A Complex Options Max Legs

Account Features

Yes Virtual Trading
No Minimum Deposit
Yes No Maintenance Fees
Yes No Fee IRAs
Yes Investor Community
Live Seminars

Mobile Trading

Yes iPhone App
Yes iPad App
Yes Android App
Yes Mobile Site

Customer Service

Yes Phone Support
Yes Email Support
Yes Live Chat
Yes Retail Locations
Yes 24/7 Support

Trade Types

Yes Stock Trading
Yes Options Trading
Yes Mutual Funds
Yes Forex Trading
Yes Futures Trading

Recommended For

Best in Class Options Tading
Best in Class Active Trading
Internalizes Trades

Banking Features

Checking Accounts
Savings Accounts
Credit Cards
Debit Cards
Mortgage Loans

Trading Platform Features

Web Platform
Desktop Platform
Mac Platform
Platform Backtesting

Active Trading Features

Direct Routing (Stocks)
Receives Payment for Order Flow
Internalizes Trades
Client Liquidity Rebates

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