TD Ameritrade ThinkorSwim Review – All You Need to Know (Fees, Commission, Paper Money…)

Please read the Risk Disclosure for Futures and Options prior to trading futures products.

Might as well take advantage of their free platform and sign up today: TD Waterhouse Canada Inc. 

Forex investments are subject to counter-party risk, as there is no central clearing organization for these transactions.

Trader made. Trader tested. Trader approved. 

thinkorswim Desktop Software Make advanced options trades with a powerful and completely customizable platform. You get advanced charting, portfolio analytics, trading ideas, and educational resources in one convenient location, using our desktop software.

This is not an offer or solicitation for brokerage services, investment advisory services, or other products or services in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the securities laws or other local laws and regulations of that jurisdiction, including, but not limited to persons residing in Australia, Austria, France, Germany, Hong Kong, Italy, Japan, the Netherlands, Saudi Arabia, and Singapore.

This Web site is not intended for residents of the UK or Canada. TD Waterhouse Canada Inc. Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.

Please read Characteristics and Risks of Standardized Options before investing in options. Supporting documentation for any claims, comparisons, recommendations, statistics, or other technical data, will be supplied upon request. Futures and forex trading involves speculation, and the risk of loss can be substantial. Trading foreign exchange on margin carries 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 Forex Risk Disclosure before considering the trading of this product. TD Ameritrade is subsequently compensated by the forex dealer. Options, futures, and forex trading privileges subject to TD Ameritrade review and approval. For once, I pay zippo and I get the best!

Unfortunately the Canadian government imposes a lot of regulations for brokerage firms to enter Canada. The catch here is that they offer all this to their US customers. They are still awaiting regulatory approval to offer this suite to Canadians.

At the moment, they only let you trade stocks and options on the US market. They are anticipating Canadian market access, Forex, and Futures by end of year. Because of regulations, ThinkorSwim only offers US dollar accounts for the time being. This means you need to hold your cash in US dollars between your trades. Customer service assures me this will be changing in the future.

In addition, the imposed regulations also draw a serious negative to Canadian investors looking for a new brokerage solution. That pretty much sums up Think or Swim Canada. They are definitely the most interesting brokerage firm in Canada and should very easily be the 1 firm in Canada once they get regulatory approval.

 

The market never rests. Why should we? 

Note: Commission Schedules and 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.

thinkorswim Desktop Software Make advanced options trades with a powerful and completely customizable platform. You get advanced charting, portfolio analytics, trading ideas, and educational resources in one convenient location, using our desktop software. Live chat. Hi, it’s me, Zeppy, here to help. Go bananas—ask my friends any questions you might have. 

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Thinkorswim customer support provided the following info on commission rates: Commission is $ flat fee for stock trading and $ base fee plus $ per contract for option trading. Exercise and assignment of options is $15 flat fee. TD Ameritrade Institutional Maximum Fees, Commissions, and Limits Note: Fees and commissions may vary by program, location, or arrangement and are subject to change upon 30 days’ notice to you.

Once the download has completed, the paperMoney® installation wizard will start automatically. Follow the instructions and be sure to select TD Direct Investing as your account provider. Click Next, Install, and Done when so prompted for the remainder of the installation process. Once you have clicked Done, the installation process will be . Thinkorswim and its parent company, TD Ameritrade, have identical rates: $ flat on all stocks and ETFs for unlimited shares, $ on options contracts, $ on mutual fund transactions (with close to 2, no load and transaction fee funds available), and $ rate on futures contracts/5.

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