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thinkorswim

Published by
On Wednesday, June 11th, 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 (flat)*
N/A Stock Trade Fee (per share)*
$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

Example Trades

Broker Ratings

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

Broker Awards

Offering of Investments

CDs
0 Clearing Firm
N/A Commission Free ETFs
Corporate Bonds
Direct Market Routing - Stocks
DRIPs
# of Easy to Borrow Stocks
Yes Forex Trading
Yes Futures Trading
Yes No Fee IRAs
Mini Options
Municpal Bonds
Yes Mutual Funds
N/A Mutual Funds (Load)
N/A Mutual Funds (No Load)
Mutual Funds (NTF)
Mutual Funds (Total)
Yes No Inactivity Fees
No Minimum Deposit
Yes Options Trading
Order Type - Algo
Order Type - After Hours
Order Type - Broker Assisted
OTCBB / Pink Sheets
N/A Retail Locations
Yes Stock Trading
US Treasury Bonds
Options Trading (Weeklys)

Customer Service

Yes Phone Support
Yes Email Support
Live Chat (prospect clients)
Live Chat (current clients)
Yes 24/7 Support

Platforms & Tools

Desktop Platform
Mac Platform
Web Platform
0 Active Trading Platform
Auto Investing
Ladder Trading
Level 2 Quotes - Stocks
Streaming Time & Sales
Streaming CNBC TV
Trade Hot Keys
Yes Virtual Trading
Options Chains - Basic View
Options Chains - Strategy View
Options Analysis - P&L Charts

Research

ETFs Research
Mutual Funds Research
Pink Sheets / OTCBB Research
Fixed Income Research
Global Market Overview
Equity Research - News
Equity Research - Chart
Equity Research - Option Chains
Equity Research - Balance Sheet
Equity Research - Cash Flows
Equity Research - SEC Filings
Equity Research - Insider Analysis
ETF Research - Top 10 Holdings
ETF Research - 3rd Party Ratings
ETF Research - 3rd Party Reports
Fund Research - Prospectus
Fund Research - 3rd Party Reports
Fund Research - Fees Breakdown
Fund Research - Performance Analysis
Fund Research - Performance Chart
Fund Research - Top 10 Holdings
Fund Research - 3rd Party Ratings
Screener - Stocks
Screener - ETFs
Screener - Funds
Screener - Options
Screener - Bonds

Education

Has Education - Stocks
Has Education - ETFs
Has Education - Options
Has Education - Mutual Funds
Has Education - Bonds
Has Education - Retirement
Investor Dictionary
Client Webinars
Live Seminars
Retirement Calculator
Yes Community Forums

Mobile Trading

Yes iPhone App
Yes iPad App
Yes Android App
Yes Mobile Site
Company Data
Company News
Watch List Syncing
Options Chains Viewable
Market Movers (Top Gainers)
Barcode Lookup
Charting - Multiple Time Frames
Charting - Can Turn Horizontally
Charting - Portfolio Perf vs Indices
Charting - Stock Comparisons
Trading - Stocks
Trading - Simple Options
Withdrawal Balance Avail

Banking

Checking Accounts
Savings Accounts
Debit Cards
Credit Cards
Mortgage Loans
Mobile Check Deposit
ATM Fee Reimbursement
No Fee Banking

Active Trading

Internalizes Trades
Receives Payment for Order Flow
Client Liquidity Rebates

Best in Class

Best in Class - Offering of Investments
Best in Class - Commissions & Fees
Best in Class - Platforms & Tools
Best in Class - Research
Best in Class - Customer Service
Best in Class - Ease of Use
Best in Class - Investor Education
Best in Class - Mobile Trading
Best in Class - Active Trading
Best in Class - Options Trading
Best in Class - New Investors

Broker vs Broker


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