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.

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Get greater value from straightforward pricing

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 ETFsNo 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 TypePricing
No-Transaction-Fee (NTF)No commission
No-Load$49.99
LoadNo 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 ordersPricing
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.

BondsPricing
Treasuries at auction$25 flat fee
All other bonds and CMOsOn a net yield basis
CDsPricing
New issueOn a net yield basis
SecondaryOn a net yield basis
UITsPricing
New issuePlacement fee from issuer
SecondaryPlacement 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

FuturesPricing
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 CurrencyPricing
FX non-commissionNon-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 commissionCommission 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.

Level II Quotes

FREE

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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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.


AdChoices

*The state of North Carolina requires 4.00% 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 North Carolina NC-4P form. 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.

TD Ameritrade was evaluated against 19 others in the 2014 Barron's Online Broker Review, March 15, 2014, and was awarded 4.5 stars overall (along with 3 others).  The firm was ranked 1st in the categories “Best for Long-Term Investing” and “Best for Novices.” TD Ameritrade was also among those listed in the categories Best for Frequent Traders (ranked 4th), Best for Options Traders (ranked 2nd) and Best for In-Person Service (ranked 5th). Star ratings are out of a possible 5. Barron's is a trademark of Dow Jones. L.P. All rights reserved.

Market volatility, volume, and system availability may delay account access and trade executions.

All investing involves risk, including loss of principal.  When redeemed, an investment may be worth more or less than the original investment amount.

Investments in fixed income products are subject to liquidity (or market) risk, interest rate risk (bonds ordinarily decline in price when interest rates rise and rise in price when interest rates fall), financial (or credit) risk, inflation (or purchasing power) risk and special tax liabilities. Investments in fixed income products are subject to market risk, credit risk, interest rate risk and special tax liabilities. May be worth less than the original cost upon redemption.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses. Options trading subject to TD Ameritrade review and approval. Please read Characteristics and Risks of Standardized Options before investing in options .

Waiver of NASDAQ Level II and Streaming News subscription fees applies to non-professional clients only. Access to real-time market data is conditioned on acceptance of exchange agreements.

Commissions, service fees and exception fees still apply. See our commission and brokerage fees for details.

Futures and futures options trading is speculative, and is not suitable for all investors.  Please read the Risk Disclosure for Futures and Options prior to trading futures products. Clients must consider all relevant risk factors, including their own personal financial situation, before trading.

Futures accounts are not protected by the Securities Investor Protection Corporation (SIPC).

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.

TD Ameritrade, Inc., member FINRA / SIPC / NFA. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank. © 2014 TD Ameritrade IP Company, Inc. All rights reserved. Used with permission