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Commission Notes

All of TD Ameritrades platforms, tools, and services are available for access by customers. There are no minimums or trade activity requirements.

Stock Trades - All online stock trades are $0 regardless of the order size, price, time of order, or type. Broker assisted trades are $44.99. Also, there is still a $6.95 charge for trading penny stocks (OTCBB).

Option Trades - All online options trades are $.65 per contract.

Mutual Fund Trades - All no-load mutual fund trades are $49.99 per trade. There is no commission charge for load funds, just the fees charged by the fund itself. Also, there is no commission charge for NTF (No Transaction Fee Funds). Note however, any NTF funds (less ProFunds and Rydex) that are held 180 days or less before being sold will be charged a Short-Term Redemption fee of $49.99.


Trade Commissions Breakdown

Feature Value
Minimum Deposit $0.00
Stock Trades $0.00
Stock Trades (Per Share) N/A
ETF Trade Fee $0.00
Mutual Fund Trade Fee $74.95
Options (Base Fee) $0.00
Options (Per Contract) $0.65
Options Exercise Fee $0.00
Options Assignment Fee $0.00
Futures (Per Contract) $2.25
Broker Assisted Trade Fee $25.00

Margin Rates

Feature Value
Margin Rate Under $24,999.99 9.50%
Margin Rate $25,000.00 to $49,999.99 9.00%
Margin Rate $50,000.00 to $99,999.99 8.00%
Margin Rate $100,000.00 to $249,999.99 7.75%
Margin Rate $250,000.00 to $499,999.99 7.50%
Margin Rate $500,000.00 to $999,999.99 N/A
Margin Rate Above $1,000,000.00 N/A

Miscellaneous Fees

Feature Value
IRA Annual Fee $0.00
IRA Closure Fee $0.00
Account Transfer Out (Partial) $0.00 Fee for a partial account transfer (ACAT) of cash or securities to another brokerage.
Account Transfer Out (Full) $75.00 Fee for a full account transfer (ACAT) of cash or securities to another brokerage.

Account Features

Offering of Investments

Feature Value Definition
Stock Trading Yes Offers stock trading.
Fractional Shares No Customers buy and sell fractional shares, e.g. 1/2 a share of Apple (AAPL).
OTCBB / Pink Sheets Yes Offers OTCBB / Pink Sheet stocks trading.
International Trading Yes Provides customers the ability to purchase shares of stock that trade on exchanges located outside of the United States. If you live overseas, please use this tool - https://www.stockbrokers.com/guides/best-international-brokers.
Direct Market Routing - Stocks Yes Ability to route stock orders directly to a specific exchange designated by the client.
Options Trading Yes Offers options trading.
Complex Options Max Legs 4 The max number of individual legs supported when trading options (0 - 4). For example, Iron Condor has four total legs.
Options Exercising (Web) Yes Exercise an option via the website or platform.
Options Exercising (Phone) Yes Exercise an option via phone.
Advisor Services Yes Offers formal investment advisory services.
Bonds (Corporate) Yes Offers corporate bonds.
Bonds (Municipal) Yes Offers municipal bonds.
Bonds (US Treasury) Yes Offers US treasury bonds.
CDs Yes Offers certificates of deposit (CDs).
DRIPs Yes Offers dividend reinvestment plans (DRIPs).
Mutual Funds Yes Offers mutual funds trading.
Mutual Funds (No Load) 4606 Total number of No Load mutual funds offered.
Mutual Funds (NTF) 3813 Total number of No Transaction Fee (NTF) mutual funds offered.
Mutual Funds (Total) 8878 Total number of mutual funds offered.
Mutual Funds Phone Trades Yes Can place mutual fund trades via phone.
Mutual Funds Web Trades Yes Can place mutual fund trades via the website or platform.
Crypto Trading No Offers cryptocurrency trading.
Futures Trading Yes Offers futures trading.
Forex Trading Yes Offers forex trading.
No Fee IRAs Yes Offers no fee IRAs. Requirement: no annual maintenance fee.
No Inactivity Fees Yes Charges no yearly inactivity fee for not placing a trade or not actively engaging in the account.
Member FINRA Yes Member of FINRA (Financial Industry Regulatory Authority) - finra.org.
Member SIPC Yes Member of SIPC (Securities Investor Protection Corporation) - sipc.org.
Clearing Firm TD Ameritrade Clearing Inc. The broker's clearing firm.

Customer Service

Feature Value Definition
Phone Support (Prospect Customers) Yes Offers phone support for prospective customers.
Phone Support (Current Customers) Yes Offers phone support for current customers (includes click to call back).
Email Support Yes Email support for clients.
Live Chat (Current Customers) Yes Live chat support for current customers.
Live Chat (Prospect Customers) Yes Live chat support for prospective customers.
24/7 Support Yes Is customer service offered 24 hours, 7 days a week?

Trading Platforms and Tools

Feature Value Definition
Desktop Trading Platform Yes A downloadable, windows or mac-based desktop trading platform.
Web Trading Platform Yes Offers a web (browser) based trading platform.
Active Trading Platform thinkorswim The flagship trading platform.
Watch Lists - Total Fields 514 Total available fields when viewing a watch list. Examples: price, symbol, bid, ask, volume.
Charting - Corporate Events Yes Can show or hide multiple corporate events on a stock chart. Examples: dividends, earnings, splits, news.
Charting - Historical Trades Yes The ability to see past buy and sells, typically marked with a buy or sell symbol, on the stock chart.
Charting - Indicators / Studies 489 The total number of indicators / studies available to be included on a stock chart. Examples: SMA, MACD, RSI.
Charting - Drawing Tools 23 The number of drawing tools available for analyzing a stock chart. Examples include: pointer, trendline, arrow, note.
Charting - Automated Analysis Yes Can show or hide automated technical analysis (patterns) on a chart. Service provider example: Trading Central (Recognia).
Charting - Trade Off Chart Yes The ability to pre-populate or execute a trade from the chart. Most commonly this is done by right clicking on the chart and selecting an order. Linking the user from the chart to an empty (non pre-populated) order form does NOT count.
Charting - Notes Yes Add notes to any stock chart.
Ladder Trading Yes A ladder tool provides active trading clients the ability to one click buy and sell equities off a real-time streaming window of fanned bids and asks.
Level 2 Quotes - Stocks Yes Level II stock quotes available.
Option Chains - Streaming Yes Option chains with streaming real-time data.
Option Chains - Total Columns 35 Option chains total available columns for display. Duplicates do not count.
Option Chains - Greeks 5 When viewing an option chain, the total number of greeks that are available to be viewed as optional columns. Greeks = delta, gamma, theta, vega, rho.
Option Chains - Quick Analysis Yes The ability to jump straight from the option chain to a P&L chart or probability chart for deeper analysis. Viewing a summary P&L within the chain itself also qualifies.
Option Analysis - P&L Charts Yes When analyzing a theoretical option trade, a P&L chart is available.
Option Probability Analysis Yes A basic probability calculator.
Option Probability Analysis Adv Yes A tool to analyze a hypothetical option position. Displays a probability histogram / chart with optional customizations.
Option Positions - Greeks Yes View at least two different greeks for a currently open option position.
Option Positions - Greeks Streaming Yes View at least two different greeks for a currently open option position and have their values stream with real-time data.
Option Positions - Adv Analysis Yes Ability to analyze an active option position and change at least two of the three following conditions - date, stock price, volatility - and assess what happens to the value of the position.
Option Positions - Rolling Yes Ability to pre-populate a trade ticket and seamlessly roll an option position to the next relative expiration.
Option Positions - Grouping Yes Ability to group current option positions by the underlying strategy: covered call, vertical, etc. Can be done manually by user or automatically by the platform.
Short Locator No Tool that allows customers to view the current real-time availability of shares available to short by security.
Streaming Time & Sales Yes Streaming time & sales for any equity viewable.
Streaming TV Yes Offers live TV. Examples - CNBC, Bloomberg.
Trade Hot Keys Yes Ability to designate keyboard hotkeys for on the fly trading.
Trade Journal Yes Provides a trade journal for writing notes. All entries are dated, titled, and may be tagged with a specific stock ticker. Adding text notes to individual stock charts does NOT count.
Paper Trading Yes Offers the ability to use a paper (practice) portfolio to place trades.
Trade Ideas - Backtesting Yes A tool that backtests different investment strategies, typically focused on technical events, and displays the results. Example service providers: Trade-Ideas, Trading Central (Recognia).
Trade Ideas - Backtesting Adv Yes A fully customizable, advanced backtesting tool provided by the broker directly. Third-party providers do not count.

Research

Feature Value Definition
Research - Stocks Yes Offers stock research. Full quote and research results must be available for 4 of the 5 following tickers: Facebook, Apple, Amazon, Netflix, Google.
Research - ETFs Yes Offers ETFs research. Full quote and research results must be available for 4 of the 5 following tickers: SPY, GLD, OIH, QID, FAZ.
Research - Mutual Funds Yes Offers mutual funds research. Full quote and research results must be available for all three of the following tickers: VTSAX, FXAIX, SWPPX.
Research - Pink Sheets / OTCBB Yes Offers pink sheet / OTCBB research. Full quote and research results must be available for 2 of the 3 following tickers: FNMA, IMBBY, NENE.
Research - Bonds Yes Offers bonds (fixed income) research. Full quote and research results must be available for fixed income securities such as individual US Treasuries.
Misc - Portfolio Allocation Yes Displays a pie graph or bullet list breakdown of the customer's current portfolio including % allocations. Examples: domestic equities, foreign equities, bonds, cash, fixed income.
Misc - Portfolio Builder Yes A tool that asks hypothetical risk tolerance questions then assists clients with building a diversified portfolio of ETFs based on their answers.
Stock Research - Earnings Yes View analysis of past earnings. At least one chart / graph required. Examples: Consensus vs actual data, EPS growth, sales growth.
Stock Research - Insiders Yes View a list of recent insider transactions.
Stock Research - SEC Filings Yes View a list of recent SEC filings.
Stock Research - Social Yes View social sentiment analysis, eg twitter analysis (NOT just a stream of recent tweets), for individual equities.
Stock Research - ESG No Provides Environmental, Social, Governance (ESG) criteria scores.
Stock Research - PDF Reports 7 Total number of downloadable PDF research report providers available for equities research (using symbol AAPL). Examples: S&P Capital IQ, Thomson Reuters, Ned Davis Research.
ETFs - Top 10 Holdings Yes A list of the ETF's top 10 holdings.
ETFs - Performance Analysis Yes The ability to view historical return % performance. For example, trailing 12 months, three year, or five year returns.
ETFs - Morningstar StyleMap Yes The infamous Morningstar Equity StyleMap (or equiv provider) which visually marks the ETF's investment strategy in one of nine boxes.
ETFs - Ratings Yes Are third party ratings available for the ETF SPY? Examples: Morningstar, Lippers.
ETFs - PDF Reports Yes Are downloadable research reports available for the ETF SPY? Examples: Morningstar, S&P Capital IQ.
Mutual Funds - Fees Breakdown Yes A clear breakdown of the fund's fees beyond just the expense ratio. 12b-1, minimum investment, total fees estimate, all examples of a detailed breakdown.
Mutual Funds - Top 10 Holdings Yes A list of the fund's top 10 holdings.
Mutual Funds - Performance Analysis Yes The ability to view multi-year historical performance.
Mutual Funds - Prospectus Yes Access to the fund's prospectus in PDF format.
Mutual Funds - 3rd Party Ratings Yes Are 3rd party ratings available for the fund VTSMX? Examples: Morningstar, Lippers.
Mutual Funds - PDF Reports Yes Are downloadable research reports available for the fund VTSMX? Examples: Morningstar, S&P Capital IQ.
Screener - Stocks Yes Offers a equities screener.
Screener - ETFs Yes Offers a ETF screener.
Screener - Mutual Funds Yes Offers a mutual fund screener.
Screener - Options Yes Offers a options screener. Commonly referred to as a spread creation tool or similar.
Screener - Bonds Yes Offers a bond screener. **Note - ETF bond screeners do NOT count.

Education

Feature Value Definition
Education (Stocks) Yes Provides a minimum of 10 educational pieces (articles, videos, archived webinars, or similar) with the primary subject being stocks. All content must be easily found within the website's Learning Center. Platform tutorials, FAQs, etc do NOT count.
Education (ETFs) Yes Provides a minimum of 10 educational pieces (articles, videos, archived webinars, or similar) with the primary subject being ETFs. All content must be easily found within the website's Learning Center. Platform tutorials, FAQs, etc do NOT count.
Education (Options) Yes Provides a minimum of 10 educational pieces (articles, videos, archived webinars, or similar) with the primary subject being options. All content must be easily found within the website's Learning Center. Platform tutorials, FAQs, etc do NOT count.
Education (Mutual Funds) Yes Provides a minimum of 10 educational pieces (articles, videos, archived webinars, or similar) with the primary subject being mutual funds. All content must be easily found within the website's Learning Center. Platform tutorials, FAQs, etc do NOT count.
Education (Bonds) Yes Provides a minimum of 10 educational pieces (articles, videos, archived webinars, or similar) with the primary subject being bonds (fixed income). All content must be easily found within the website's Learning Center. Platform tutorials, FAQs, etc do NOT count.
Education (Retirement) Yes Provides a minimum of 10 educational pieces (articles, videos, archived webinars, or similar) with the primary subject being retirement. Platform tutorials, FAQs, etc do NOT count.
Investor Dictionary Yes An online dictionary of at least 50 investing terms.
Webinars (Monthly Avg) 500 Total educational client webinars hosted, on average, each month.
Webinars (Archived) Yes Provides an archived area to search and watch previously recorded client webinars.
Live Seminars Yes Provides at least 10 live, face-to-face educational seminars for clients each year. Must be delivered by a broker staff member.
Videos Yes Are educational videos available? At least 10. A video is a short clip, typically several minutes in duration, that explains a trading concept, term, or strategy. Archived webinars and platform demos do NOT count.
Retirement Calculator Yes Offers a retirement calculator.
Progress Tracking Yes Clients can track their progress and see which articles and/or videos they've completed to date.
Interactive Learning - Quizzes Yes Quizzes offered within the education center. Must include multiple questions and score results. Example service provider - Morningstar, InvestingTeacher.com

Mobile Trading

Feature Value Definition
iPhone App Yes Offers a downloadable iPhone app through the iOS app store.
Apple Watch App Yes Offers a downloadable Apple Watch app through the iOS app store.
Android App Yes An Android smartphone app available in the Google Play store.
Account Transfers Yes Ability to perform ACH deposits and withdrawals from the mobile App.
Quotes (Real-time) Yes Mobile app offers real-time quote data.
Quotes (Streaming) Yes Mobile app offers streaming (or auto refreshing) real-time stock quote results. More specifically, the quote screen must auto-refresh at least once every three seconds.
Watch List (Real-time) Yes Watch list in mobile app uses real-time quotes.
Watch List (Streaming) Yes Watch list in mobile app uses streaming real-time quotes. More specifically, the watch-list must auto-refresh at least once every three seconds.
Market Movers (Top Gainers) Yes Stocks top gainers list viewable in the mobile app.
Charting - Stock Comparisons Yes Display multiple stock charts at once for performance comparison in the mobile app.
Charting - Drawing Yes Can markup stock charts using the mobile app. Examples include: trendlines, arrows, notes.
Charting - Technical Studies 406 How many technical studies / indicators are available to add to a stock chart in the mobile app.
Charting - After-Hours Yes Stock charts in mobile app display after-hours trade activity.
Stock Alerts Yes Can set stocks alerts for individual stocks in the mobile app. For example, an alert is triggered if stock XYZ reaches price $x.
Stream Live TV Yes Stream live TV in the mobile app. Examples - CNBC, Bloomberg.
Trading - Stocks Yes Stocks trades supported in the mobile app.
Trading - After-Hours Yes After-hours trading supported in the mobile app.
Trading - Simple Options Yes Single-leg option trades supported in the mobile app.
Trading - Complex Options Yes Multi-legged option trades supported in the mobile app.

Banking

Feature Value Definition
Bank (Member FDIC) No Operates a regulated bank as a registered member of the FDIC (Federal Deposit Insurance Corporation) - fdic.gov.
Checking Accounts Yes Offers formal checking accounts and checking services. To qualify, checking services must be marketed on the website as a client service. Basic checking through the clearing firm does not count.
Savings Accounts No Offers savings accounts.
Debit Cards Yes Offers debit cards as part of a formal banking service.
Credit Cards Yes Offers credit cards.
Mortgage Loans No Offers mortgage loans.

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All pricing data was obtained from a published web site as of 01/19/2021 and is believed to be accurate, but is not guaranteed. 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.

TD Ameritrade, Inc. and StockBrokers.com are separate, unaffiliated companies and are not responsible for each other’s services and products. View terms.

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