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TD Ameritrade Fees

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TD Ameritrade ranks highly among online brokers; in fact, one of its few drawbacks is that the firm’s commissions run a bit higher than the competition. That said, the company is transparent about investor costs, and offers access to premium products — including two extremely robust trade platforms, a wealth of tools and research, and educational resources — for no added fees.

Three things to know about TD Ameritrade’s fees:

  1. The online broker’s commissions are higher than those of competitors — nearly across the board. However, TD Ameritrade offers a large selection of transaction fee-free mutual funds and commission-free ETFs, curated by Morningstar.
  2. Services considered premium and accessible only for an extra fee or with a minimum account balance at other online brokers are free here. That includes TD Ameritrade’s Trade Architect and thinkorswim platforms, as well as third-party research, streaming news, mock trading and charting packages.
  3. There are no minimum trade requirements or inactivity fees, and the company’s account minimum is $0, a standout among online brokers which often require $1,000 or more.

Here’s a complete overview of the online broker’s commission and fee structure:

Service Fee Notes
Stock commission $9.99
ETF commission $9.99 Over 100 commission-free ETFs
Commission-free ETF short-term trading fee $19.99 30-day holding period
Mutual funds No-load: $44.99Load: No commission Over 2,000 no-transaction fee mutual funds
Mutual fund short-term redemption fee $49.99 180 day holding period
Options $9.99, plus $0.75 per contract
Options exercises and assignments $19.99
Futures and options on futures $2.25 per contract Plus exchange and regulatory fees
Margin rates Base rate is 7.75%, rates range from 6.25% to 9%
Broker-assisted trades $44.99 Plus contract charges for options
Interactive voice response phone trades $34.99 Plus contract charges for options
Paper statements $2 on accounts valued below $10,000 Electronic statements are free.
Outbound full account transfer $75
Outbound partial account transfer $0

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