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By Blain Reinkensmeyer on February 21st, 2017 | Last updated: October 13th, 2016

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thinkorswim Review

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 Reinkensmeyer Blain heads research at StockBrokers.com and has been involved in the markets since placing his first stock trade back in 2001. He developed StockBrokers.com's annual review format seven years ago which is respected by broker executives as the most thorough in the industry. Currently maintaining funded accounts with more than a dozen different US regulated online brokers, he's executed thousands of trades through his career and enjoys sharing his experiences through his personal blog, StockTrader.com.


Ratings Overall

*thinkorswim did not participate in the 2017 Online Broker Review, as a result the following data may not be up to date.


Trade Commissions Breakdown

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

Margin Rates

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

Miscellaneous Fees

Bond Trade Fee N/A
Treasury Trade Fee N/A
IRA Annual Fee N/A
IRA Closure 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 N/A

Account Features

Offering of Investments

Advisor Services help No
Bonds (Corporate) help No
Bonds (Municipal) help No
Bonds (US Treasury) help No
CDs help No
Clearing Firm help 0
Commission Free ETFs help N/A
Direct Market Routing - Stocks help No
Direct Market Routing - Options help No
DRIPs help No
# of Easy to Borrow Stocks help
Forex Trading help Yes
Futures Trading help Yes
Member FINRA help Yes
Member SIPC help Yes
Mutual Funds help Yes
Mutual Funds (No Load) help N/A
Mutual Funds (Load) help N/A
Mutual Funds (NTF) help
Mutual Funds (Total) help
Mutual Funds Phone Trades help No
Mutual Funds Web Trades help No
No Fee IRAs help Yes
No Inactivity Fees help Yes
No Minimum Deposit help No
Options Exercising (Web) help No
Options Exercising (Phone) help No
Options Trading help Yes
Complex Options Max Legs help 0
Options Trading (Mini) help No
Options Trading (Weekly) help No
OTCBB / Pink Sheets help No
Stock Trading help Yes

Customer Service

Phone Support help Yes
Email Support help Yes
Live Chat (Current Clients) help Yes
Live Chat (Prospect Clients) help Yes
24/7 Support help Yes

Platforms & Tools

Desktop Platform (Windows) help No
Desktop Platform (Mac) help No
Web Platform help No
Active Trading Platform help 0
Charting - Display Corporate Events help No
Charting - View Historical Trades help No
Charting - Indicators / Studies help
Charting - Drawing Tools help
Charting - Trade Off Chart help No
Charting - Notes help No
Heat Mapping help No
Ladder Trading help No
Level 2 Quotes - Stocks help No
Level 2 Quotes - Options help No
Option Chains - Streaming Real-time help No
Option Chains - Total Columns help
Option Chains - Quick Analysis help No
Option Analysis - P&L Charts help No
Option Analysis - Probability Analysis Basic help No
Option Analysis - Probability Analysis Adv help No
Option Positions - Contract Rolling help No
Stock Alerts Delivery - Email help No
Stock Alerts Delivery - Sound help No
Stock Alerts Delivery - Text SMS help No
Streaming Time & Sales help No
Streaming TV help No
Trade Hot Keys help No
Virtual Trading help Yes
Watch Lists - Streaming Real-time Quotes help No
Watch Lists - Total Fields help

Research

Research - ETFs help No
Research - Mutual Funds help No
Research - Pink Sheets / OTCBB help No
Research - Fixed Income help No
Misc - Global Markets Overview help No
Misc - Portfolio Allocation Breakdown help No
Misc - Portfolio Builder help No
Equity Research - Earnings Analysis help No
Equity Research - Insider Analysis help No
Equity Research - Metric Comparisons help No
Equity Research - SEC Filings help No
Equity Research - Social Sentiment help No
Equity Research - Research Reports help N/A
ETF Research - Performance Analysis help No
ETF Research - Top 10 Holdings help No
ETF Research - Morningstar Style Box help No
ETF Research - 3rd Party Ratings help No
ETF Research - Research Reports help No
Mutual Fund Research - Fees Breakdown help No
Mutual Fund Research - Top 10 Holdings help No
Mutual Fund Research - Performance Analysis help No
Mutual Fund Research - Prospectus help No
Mutual Fund Research - 3rd Party Ratings help No
Mutual Fund Research - Research Reports help No
Screener - Stocks help No
Screener - ETFs help No
Screener - Mutual Funds help No
Screener - Options help No
Screener - Bonds help No

Education

Has Education - Stocks help No
Has Education - ETFs help No
Has Education - Options help No
Has Education - Mutual Funds help No
Has Education - Fixed Income help No
Has Education - Retirement help No
Investor Dictionary help No
Client Webinars help No
Client Webinars (Archived) help No
Live Seminars help No
Videos help No
Retirement Calculator help No
Progress Tracking help No
Interactive Learning - Quizzes help No

Mobile Trading

iPhone App help Yes
iPad App help Yes
Apple Watch App help No
Android App help Yes
Android Tablet App help No
Mobile Site help Yes
Touch ID help No
Account Transfers help No
Quotes (Real-time) help No
Quotes (Streaming Real-time) help No
Watch List (Real-time) help No
Watch List (Streaming Real-time) help No
Watch List Syncing help No
Market Movers (Top Gainers) help No
Custom Screening / Scanning help No
Charting - Stock Comparisons help No
Charting - Technical Studies help
Charting - After Hours help No
Stock Alerts - Basic Fields help No
Stock Alerts - Advanced Fields help No
Stock Alerts Delivery - Push Notifications help No
Customizable Homescreen help No
Streaming TV help No
Trading - Stocks help No
Trading - After-Hours help No
Trading - Conditional Orders help No
Trading - Mutual Funds help No
Trading - Simple Options help No
Trading - Complex Options help No
Trading - Option Rolling help No

Banking

Member FDIC help No
Checking Accounts help No
Savings Accounts help No
Debit Cards help No
Credit Cards help No
Mortgage Loans help No
Mobile Check Deposit help No
Online Bill Pay help No
Mobile Bill Pay help No
ATM Fee Reimbursement help No
No Fee Banking help No
Retail Locations help N/A

Order Execution

Receives Payment for Order Flow (Equities) help No
Receives Payment for Order Flow (Options) help No
Client Liquidity Rebates help No
Financial Information Forum (FIF) Participant help No

All pricing data was obtained from a published web site as of 2/20/2017 and is believed to be accurate, but is not guaranteed. The StockBrokers.com staff is constantly working with its online broker representatives to obtain the latest pricing data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply.




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