TD AMERITRADE Online Trading Commissions

Pricing

Trade Unlimited Shares (market or limit) Price
Internet $9.99
Interactive Voice Response (IVR) Telephone System $34.99
Broker-assisted $44.99

Learn more about stock trading

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Orders executed in multiple lots on the same trading day will be charged a single commission. When an order is partially executed over multiple trading days, the order is subject to a separate commission charge for each trading day.

Note: Fee changes may vary by program, location or arrangement. Fees are subject to change upon 30 days notice to you. All prices are shown in U.S. dollars. Fees charged may vary by program, location or arrangements. TD AMERITRADE charges a sales fee on certain sell transactions. The sales fee is assessed at a rate consistent with Section 31 of the Securities and Exchange Act of 1934.

Fund Type Price
No-Transaction-Fee No Commission
No-Load $49.99
Load No Commission*

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mutual fund trading

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Please note: No-transaction fee (NTF) funds (except ProFunds and Rydex) held 180 days or less are subject to a Short-Term Redemption fee, which is a flat fee of $49.99. This fee is in addition to any fees addressed in the fund's prospectus.

TD AMERITRADE receives remuneration from fund companies participating in its no-load, no-transaction-fee program for record-keeping and shareholder services and other administrative services. The amount of TD AMERITRADE remuneration for these services is based in part on the amount of investments in such funds by TD AMERITRADE clients. No-transactions-fee funds have other fees and expenses that apply to a continued investment in the fund and are described in the prospectus.

* The Fund Family will charge fees as detailed in the fund prospectus.

Note: Fee changes may vary by program, location or arrangement. Fees are subject to change upon 30 days notice to you. All prices are shown in U.S. dollars. Fees charged may vary by program, location or arrangements. TD AMERITRADE charges a sales fee on certain sell transactions. The sales fee is assessed at a rate consistent with Section 31 of the Securities and Exchange Act of 1934.

Equity or Index, market or limit orders Price
Internet $9.99 + $0.75 per contract
Interactive Voice Response (IVR) Telephone System $34.99 + $0.75 per contract
Broker-assisted $44.99 + $0.75 per contract

Learn more about
options trading

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Note: Options exercises and assignments will incur a $19.99 commission. Options involve risks and are not suitable for all investors.

Note: Fee changes may vary by program, location or arrangement. Fees are subject to change upon 30 days notice to you. All prices are shown in U.S. dollars. Fees charged may vary by program, location or arrangements. TD AMERITRADE charges a sales fee on certain sell transactions. The sales fee is assessed at a rate consistent with Section 31 of the Securities and Exchange Act of 1934.

Bonds Price
Treasuries at auction $25 flat fee
All other bonds and CMOs on a net yield basis


CDs Price
New Issue on a net yield basis
Secondary on a net yield basis


UITs Price
New Issue placement fee from issuer
Secondary placement fee from issuer

TD AMERITRADE may act as principal on any fixed-income transaction. When acting as principal and receiving compensation on a net yield basis, we will add a markup to any purchase, and subtract a markdown from every sale. The markup or markdown will be included in the price and yield quoted to you. Bond and CMO buy orders are subject to a five-bond ($5,000 par value) minimum. CD buy orders are subject to a two-CD ($2,000 par value) minimum.

Note: Fee changes may vary by program, location or arrangement. Fees are subject to change upon 30 days notice to you. All prices are shown in U.S. dollars. Fees charged may vary by program, location or arrangements. TD AMERITRADE charges a sales fee on certain sell transactions. The sales fee is assessed at a rate consistent with Section 31 of the Securities and Exchange Act of 1934.

Futures $3.50 per contract (inclusive of exchange fees)

Learn more about futures trading

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FX Non-Commission Non-commission currency pairs trade in increments of 10,000 units (and do not contain a "#" symbol suffix). There are no additional fees or charges.
FX Commission Commission currency pairs trade in increments of 1,000 and are subject to a fixed-commission structure based in counter currency units. For example, the commission from a 1,000-lot EUR/USD trade would be USD $1 ($1 minimum and/or $0.10 per 1,000 units). The commission from a USD/JPY trade of 5,000 units would be JPY ¥90.

Learn more about forex trading

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FX Margin
As of November 30, 2009, the maximum leverage on all major currency pairs will be 100:1 and 25:1 on all exotic currency pairs

Major pairs consist of any pair with two of the following currencies:

Australian dollar (AUD)
British pound sterling (GBP)
Canadian dollar (CAD)
Danish krone (DKK)

Euro (EUR)
Japanese yen (JPY)
New Zealand dollar (NZD)
Norwegian krone (NOK)

Swedish krona (SEK)
Swiss franc (CHF)
U.S. dollar (USD)

All other pairs are considered by the NFA to be exotic and are subject to the higher withholding requirement.

 

Trading futures and forex involves speculation, and the risk of loss can be substantial. Clients must consider all relevant risk factors, including their own personal financial situation, before trading.

Trading foreign exchange on margin carries a high level of risk, as well as its own unique risk factors. Forex investments are subject to counter-party risk, as there is no central clearing organization for these transactions. Please read the following risk disclosure before considering the trading of this product: Forex Risk Disclosure.

A forex dealer can be compensated via commission and/or spread on forex trades. TD AMERITRADE is subsequently compensated by the forex dealer. Futures and forex accounts are not protected by the Securities Investor Protection Corporation (SIPC).

Futures and/or Forex trading privileges subject to TD AMERITRADE review and approval. Not all account owners will qualify.

 
 
 
 
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