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Straightforward pricing with greater value
Investing and trading can be complicated enough without having to worry about paying hidden fees. TD Ameritrade’s brokerage commissions and fees are straightforward and fair, making it simple and affordable to trade and invest without taking your eye off the prize… your investment goals.
Straightforward Pricing
Don't let trading fees eat up your profits. With TD Ameritrade, trade stocks online for $9.99 per trade. That's the price you pay regardless of your account balance or how often you trade. Plus there are no share or market/limit order requirements.
| Trade Unlimited Shares (market or limit) | Pricing |
|---|---|
| Internet | $9.99 |
| Interactive Voice Response (IVR) Phone System | $34.99 |
| Broker-assisted | $44.99 |
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: Fees may vary by program, location or arrangement and are subject to change upon 30 days notice. All prices are shown in U.S. dollars. TD Ameritrade charges a Reg Fee on certain transactions. These charges are typically based on fees assessed under various regulations applicable to transactions. It may include any of the following: a sales fee on certain sell transactions (assessed at a rate consistent with Section 31 of the Securities and Exchange Act of 1934), the Options Regulatory Fee (applicable to options transactions), among other charges.
TD Ameritrade features more than 100 commission-free, non-proprietary ETFs. For all other ETFs, it’s only $9.99 to trade ETFs online.
| Trade Unlimited Shares (market or limit) | Pricing |
|---|---|
| Commission-free ETFs | No commission |
| Internet | $9.99 |
| Interactive Voice Response (IVR) Phone System | $34.99 |
| Broker-assisted | $44.99 |
Carefully consider the investment objectives, risks, charges, and expenses of an exchange traded fund before investing. To obtain a prospectus containing this and other important information, please visit www.tdameritrade.com or call a TD Ameritrade representative at 800-669-3900. Please read the prospectus carefully before investing.
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.
To trade commission-free ETFs you must be enrolled in the program. ETFs eligible for commission-free trading must be held at least 30 days. If you sell an eligible ETF within the 30-day hold period, a short-term trading fee will apply.
Note: Fees may vary by program, location or arrangement and are subject to change upon 30 days notice. All prices are shown in U.S. dollars. TD Ameritrade charges a Reg Fee on certain transactions. These charges are typically based on fees assessed under various regulations applicable to transactions. It may include any of the following: a sales fee on certain sell transactions (assessed at a rate consistent with Section 31 of the Securities and Exchange Act of 1934), the Options Regulatory Fee (applicable to options transactions), among other charges.
TD Ameritrade offers hundreds of no-transaction-fee (NTF) funds from leading fund families. Rather than promoting our own mutual funds, TD Ameritrade has tools and resources that can help you choose mutual funds that match your objectives.
| Fund Type | Pricing |
|---|---|
| No-Transaction-Fee (NTF) | No commission |
| No-Load | $49.99 |
| Load | No commission* |
Carefully consider the investment objectives, risks, charges, and expenses of a mutual fund before investing. To obtain a prospectus containing this and other important information, please visit www.tdameritrade.com or call a TD Ameritrade representative at 800-669-3900. Please read the prospectus carefully before investing.
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: Fees may vary by program, location or arrangement and are subject to change upon 30 days notice. All prices are shown in U.S. dollars. TD Ameritrade charges a Reg Fee on certain transactions. These charges are typically based on fees assessed under various regulations applicable to transactions. It may include any of the following: a sales fee on certain sell transactions (assessed at a rate consistent with Section 31 of the Securities and Exchange Act of 1934), the Options Regulatory Fee (applicable to options transactions), among other charges.
Tied for top star ratings (4 and 1/2 stars) in the "Best for Options Traders" category by Barron's*, TD Ameritrade features low, straightforward commissions on option trading. Plus, nickel buyback lets you buy back single order short option positions - for both calls and puts - without any commissions or contract fees if the price is a nickel or less. There is no waiting for expiration.
| Equity or index, market or limit orders | Pricing |
|---|---|
| Internet | $9.99 + $0.75 per contract |
| Options exercises and assignments | $19.99 |
| Interactive Voice Response (IVR) Phone System | $34.99 + $0.75 per contract |
| Broker-assisted | $44.99 + $0.75 per contract |
Note: Options involve risks and are not suitable for all investors.
Note: Fees may vary by program, location or arrangement and are subject to change upon 30 days notice. All prices are shown in U.S. dollars. TD Ameritrade charges a Reg Fee on certain transactions. These charges are typically based on fees assessed under various regulations applicable to transactions. It may include any of the following: a sales fee on certain sell transactions (assessed at a rate consistent with Section 31 of the Securities and Exchange Act of 1934), the Options Regulatory Fee (applicable to options transactions), among other charges.
You have your choice of offerings ranging from the simplest CD to more complex, structured fixed-income investment at affordable pricing with TD Ameritrade. Add bonds or CDs to your portfolio today.
| Bonds | Pricing |
|---|---|
| Treasuries at auction | $25 flat fee |
| All other bonds and CMOs | On a net yield basis |
| CDs | Pricing |
|---|---|
| New issue | On a net yield basis |
| Secondary | On a net yield basis |
| UITs | Pricing |
|---|---|
| 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: Fees may vary by program, location or arrangement and are subject to change upon 30 days notice. All prices are shown in U.S. dollars. TD Ameritrade charges a Reg Fee on certain transactions. These charges are typically based on fees assessed under various regulations applicable to transactions. It may include any of the following: a sales fee on certain sell transactions (assessed at a rate consistent with Section 31 of the Securities and Exchange Act of 1934), the Options Regulatory Fee (applicable to options transactions), among other charges.
You'll have easy access to a variety of available investments when you trade futures with a TD Ameritrade account, including energy, gold and other metals, interest rates, stock indexes, grains, livestock and more. A transparent Plus Fees pricing structure includes the commission plus the specific exchange and regulatory fees. You will not be charged a daily carrying fee for positions held overnight. Learn more about futures trading
| Futures | Pricing |
|---|---|
| Futures & Options on Futures | $2.25 per contract (plus exchange & regulatory fees) |
Note: Exchange fees may vary by exchange and by product. Regulatory fees are assessed by the National Futures Association (NFA) and are currently $0.02 per contract. All prices are shown in U.S. Dollars.
You have more choices in Forex trading with TD Ameritrade, including over 100 different currency pairs and many non-commission currency pairs. See below for pricing and terms regarding commission-based forex pairs, as well as margin requirements.
| Forex Currency | Pricing |
|---|---|
| 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. |
FX Margin
As of October 17, 2010, at 5 pm EDT, the maximum leverage on all major currency pairs is 50:1 and 20:1 on all exotic currency pairs
| Examples: | Margin Requirement: |
|---|---|
| 10,000 units USD/CAD (major pair) | 50:1 leverage $200 margin requirement |
| 10,000 units USD/MXN (exotic pair) | 20:1 leverage $500 margin requirement |
FX Liquidation Policy
Liquidation of positions will occur:
1. Once daily for any account with a risk level of less than 100% at 5 am EDT
2. Intraday if the risk level in the account falls to 25% or below, whichever comes first.
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.
Platform Fees
$0
ATM Fees
$0
Tax Withholding
If you request a distribution from your Individual Retirement Account (IRA) and you do not make an election regarding state tax withholding, your state of residence may require withholding at a statutory minimum rate. This information is provided to help you understand state income tax withholding requirements for IRA distributions. TD Ameritrade does not provide tax advice and cannot guarantee accuracy of state tax withholding information as state laws are subject to change and interpretation.
Alabama Allows Voluntary State Income Tax Withholding
State income tax will be withheld only if you instruct us to do so. If you want state income tax to be withheld, you must indicate the amount or percentage.
Alaska Prohibits State Income Tax Withholding
State income tax will not be withheld from your distribution, even if you elect to withhold state income tax.
Arizona Allows Voluntary State Income Tax Withholding
State income tax will be withheld only if you instruct us to do so. If you want state income tax to be withheld, you must indicate the amount or percentage.
Arkansas Allows Voluntary State Income Tax Withholding
State income tax will be withheld only if you instruct us to do so. If you want state income tax to be withheld, you must indicate the amount or percentage.
California Has a Mandatory State Income Tax Withholding
State income tax will be withheld regardless of federal income tax election, unless you elect not to withhold. If you make no election, California requires that withholding be taken at the minimum rate of 10% of federal withholding election.
Colorado Allows Voluntary State Income Tax Withholding
State income tax will be withheld only if you instruct us to do so. If you want state income tax to be withheld, you must indicate the amount or percentage.
Your clearing broker requires tax withholding amounts to be requested in whole dollar amounts.
Connecticut Allows Voluntary State Income Tax Withholding
State income tax will be withheld only if you instruct us to do so. If you want state income tax to be withheld, you must indicate the amount or percentage.
Your clearing broker requires tax withholding amounts to be requested in whole dollar amounts. You cannot elect less than $10 if you choose to withhold.
Delaware Has a Mandatory State Income Tax Withholding
State income tax will be withheld regardless of federal income tax election, unless you elect not to withhold. If you make no election, Delaware requires that withholding be taken at the minimum rate of 5.00%.
District of Columbia Has a Mandatory State Income Tax Withholding When Federal Income Tax is Withheld
If electing a total distribution, you must elect to withhold state income tax when federal income tax is withheld from your distribution. If you do not make an election, District of Columbia requires that withholding be taken at the minimum rate of 8.95%.
If electing a partial distribution, State income tax will be withheld only if you instruct us to do so. If you want state income tax to be withheld, you must indicate the amount or percentage.
Florida Prohibits State Income Tax Withholding
State income tax will not be withheld from your distribution, even if you elect to withhold state income tax.
Georgia Allows Voluntary State Income Tax Withholding
State income tax will be withheld only if you instruct us to do so. If you want state income tax to be withheld, you must indicate the amount or percentage.
Hawaii Prohibits State Income Tax Withholding
State income tax will not be withheld from your distribution, even if you elect to withhold state income tax.
Idaho Allows Voluntary State Income Tax Withholding
State income tax will be withheld only if you instruct us to do so. If you want state income tax to be withheld, you must indicate the amount or percentage.
Illinois Allows Voluntary State Income Tax Withholding
State income tax will be withheld only if you instruct us to do so. If you want state income tax to be withheld, you must indicate the amount or percentage.
Indiana Allows Voluntary State Income Tax Withholding
State income tax will be withheld only if you instruct us to do so. If you want state income tax to be withheld, you must indicate the amount or percentage.
Iowa Has a Mandatory State Income Tax Withholding When Federal Income Tax is Withheld
You must elect to withhold state income tax when federal income tax is withheld from your distribution. If you do not make an election, it will be withheld at the minimum rate of 5.00%.
Kansas Has a Mandatory State Income Tax Withholding
State income tax will be withheld regardless of federal income tax election, unless you elect not to withhold. If you make no election, Kansas requires that withholding be taken at the minimum rate of 4.5%
Kentucky Allows Voluntary State Income Tax Withholding
State income tax will be withheld only if you instruct us to do so. If you want state income tax to be withheld, you must indicate the amount or percentage.
Louisiana Allows Voluntary State Income Tax Withholding
State income tax will be withheld only if you instruct us to do so. If you want state income tax to be withheld, you must indicate the amount or percentage.
Maine Has a Mandatory State Income Tax Withholding When Federal Income Tax is Withheld
You must elect to withhold state income tax when federal income tax is withheld from your distribution. If you do not make an election, Maine requires that withholding be taken at the minimum of 5.00%.
Maryland Allows Voluntary State Income Tax Withholding
State income tax will be withheld only if you instruct us to do so. If you want state income tax to be withheld, you must indicate the amount or percentage.
Your clearing broker requires tax withholding amounts to be requested in whole dollar amounts. You cannot elect less than $5 if you choose to withhold.
Massachusetts Has a Mandatory State Income Tax Withholding When Federal Income Tax is Withheld
You must elect to withhold state income tax when federal income tax is withheld from your distribution. If you do not make an election, it will be withheld at the maximum rate of 5.20%.
Michigan Has a Mandatory State Income Tax Withholding
Michigan requires state income tax for all distributions. If you make no election, Michigan requires that withholding be taken at the minimum rate of 4.25% on distributions from retirement accounts.*
*The state of Michigan requires 4.25% tax withheld on distributions from retirement accounts. Residents can choose to have a smaller percentage withheld, or opt out of withholding entirely, by submitting a new distribution form and a Michigan Form W-4P. The forms can be mailed to us at the address shown at the top of the distribution form, or faxed to us at 866-468-6268. Please note that reducing or eliminating this withholding may subject you to underpayment penalties. We suggest you consult with a tax-planning professional for more information.
Minnesota Allows Voluntary State Income Tax Withholding
State income tax will be withheld only if you instruct us to do so. If you want state income tax to be withheld, you must indicate the amount or percentage.
Mississippi Allows Voluntary State Income Tax Withholding
State income tax will be withheld only if you instruct us to do so. If you want state income tax to be withheld, you must indicate the amount or percentage.
Missouri Allows Voluntary State Income Tax Withholding
State income tax will be withheld only if you instruct us to do so. If you want state income tax to be withheld, you must indicate the amount or percentage.
Montana Allows Voluntary State Income Tax Withholding
State income tax will be withheld only if you instruct us to do so. If you want state income tax to be withheld, you must indicate the amount or percentage.
Your clearing broker requires tax withholding amounts to be requested in whole dollar amounts. You cannot elect less than $10 if you choose to withhold.
Nebraska State Income Tax Withholding
Premature distributions have voluntary withholding elections with no minimums. State income tax will be withheld only if you instruct us to do so. If you want state income tax to be withheld, you must indicate the amount or percentage.
All other distributions you must elect to withhold state income tax when federal income tax is withheld from your distribution. If you do not make an election, it will be withheld at the minimum rate of 5%.
Nevada Prohibits State Income Tax Withholding
State income tax will not be withheld from your distribution, even if you elect to withhold state income tax.
New Hampshire Prohibits State Income Tax Withholding
State income tax will not be withheld from your distribution, even if you elect to withhold state income tax.
New Jersey Allows Voluntary State Income Tax Withholding
State income tax will be withheld only if you instruct us to do so. If you want state income tax to be withheld, you must indicate the amount or percentage.
Your clearing broker requires tax withholding amounts to be requested in whole dollar amounts. You cannot elect less than $10 if you choose to withhold.
New Mexico Allows Voluntary State Income Tax Withholding
State income tax will be withheld only if you instruct us to do so. If you want state income tax to be withheld, you must indicate the amount or percentage.
New York Allows Voluntary State Income Tax Withholding
State income tax will be withheld only if you instruct us to do so. If you want state income tax to be withheld, you must indicate the amount or percentage.
Your clearing broker requires tax withholding amounts to be requested in whole dollar amounts. You cannot elect less than $5 if you choose to withhold.
North Carolina Has a Mandatory State Income Tax Withholding
North Carolina requires state income tax for all distributions. If you make no election, North Carolina requires that withholding be taken at the minimum rate of 4.00% on distributions from retirement accounts.*
North Dakota Allows Voluntary State Income Tax Withholding
State income tax will be withheld only if you instruct us to do so. If you want state income tax to be withheld, you must indicate the amount or percentage.
Ohio Allows Voluntary State Income Tax Withholding
State income tax will be withheld only if you instruct us to do so. If you want state income tax to be withheld, you must indicate the amount or percentage.
Oklahoma Has a Mandatory State Income Tax Withholding When Federal Income Tax is Withheld
You must elect to withhold state income tax when federal income tax is withheld from your distribution. If you do not make an election, Oklahoma requires that withholding be taken at the minimum rate of 5.00%.
Oregon Has a Mandatory State Income Tax Withholding
State income tax will be withheld regardless of federal income tax election, unless you elect not to withhold. If you make no election, Oregon requires that withholding be taken at the minimum rate of 8.00%.
Pennsylvania Allows Voluntary State Income Tax Withholding
State income tax will be withheld only if you instruct us to do so. If you want state income tax to be withheld, you must indicate the amount or percentage.
Rhode Island Allows Voluntary State Income Tax Withholding
State income tax will be withheld only if you instruct us to do so. If you want state income tax to be withheld, you must indicate the amount or percentage.
South Carolina Allows Voluntary State Income Tax Withholding
State income tax will be withheld only if you instruct us to do so. If you want state income tax to be withheld, you must indicate the amount or percentage.
South Dakota Prohibits State Income Tax Withholding
State income tax will not be withheld from your distribution, even if you elect to withhold state income tax.
Tennessee Prohibits State Income Tax Withholding
State income tax will not be withheld from your distribution, even if you elect to withhold state income tax.
Texas Prohibits State Income Tax Withholding
State income tax will not be withheld from your distribution, even if you elect to withhold state income tax.
Utah Allows Voluntary State Income Tax Withholding
State income tax will be withheld only if you instruct us to do so. If you want state income tax to be withheld, you must indicate the amount or percentage.
Vermont Has a Mandatory State Income Tax Withholding
State income tax will be withheld regardless of federal income tax election, unless you elect not to withhold. If you make no election, Vermont requires that withholding be taken at the minimum rate of 24% of federal withholding election.
Virginia Allows Voluntary State Income Tax Withholding
State income tax will be withheld only if you instruct us to do so. If you want state income tax to be withheld, you must indicate the amount or percentage.
Washington Prohibits State Income Tax Withholding
State income tax will not be withheld from your distribution, even if you elect to withhold state income tax.
West Virginia Allows Voluntary State Income Tax Withholding
State income tax will be withheld only if you instruct us to do so. If you want state income tax to be withheld, you must indicate the amount or percentage.
Wisconsin Allows Voluntary State Income Tax Withholding
State income tax will be withheld only if you instruct us to do so. If you want state income tax to be withheld, you must indicate the amount or percentage.
Your clearing broker requires tax withholding amounts to be requested in whole dollar amounts. You cannot elect less than $5 if you choose to withhold.
Wyoming Prohibits State Income Tax Withholding
State income tax will not be withheld from your distribution, even if you elect to withhold state income tax.
Please note: If the distribution is from a Roth IRA, it may be exempt from state tax. State tax will only be withheld from your Roth IRA if you indicate this in the State Withholding Election section of the Roth IRA Distribution Request form. Contact your tax professional before making any election regarding state withholding. State law is subject to changes that may affect the accuracy of this communication.