This list indicates all of the order types supported by TD Ameritrade.
GTC orders (Good 'Til Cancelled)
Trailing Stop Limit
OCO (One Cancels Other)
One Triggers Other
One Triggers All
One Triggers Sequence
One Triggers OCO
Market on Close
Limit on Close
* Forex Orders are GTC Only
Order pricing types supported by thinkorswim
LIMIT - default order type for all single option, spread and stock orders. The limit price for buy orders is placed below the current market price. The limit price for sell orders is placed above the current market price. Limit orders will be filled at the limit price or better, but are not guaranteed a fill.
MARKET (also known as "not held") - order used to guarantee an execution, but not guarantee a price or time of execution. The risk of market orders is that you have no control over what the execution price is. We strongly suggest you avoid using them with options, especially option spreads.
STOP (also known as "stop loss") - order used to open or close a position by buying if the market rises or selling if the market falls. The stop price for buy orders is placed above the current market price. The stop price for sell orders is placed below the current market price. A stop order turns into a market order when the stop is triggered, so the final execution price or time of a stop order is not guaranteed. The same risks of market orders apply to stop orders.
In addition to the Standard STOP order which is sent to the exchange, we have created 3 new STOP order types. The "Mark" stop order will be triggered once the Mark or value of the asset reaches or surpasses your stop price. The "Bid" stop order will be triggered once the bid of an asset rises to your stop price or surpasses it (this can be used for a Buy Stop order). The "Ask" stop order will be triggered if the ask price falls to your stop price or surpasses it (this can be used for a Sell Stop order).
STOP LIMIT - order used to open or close a position by buying if the market rises or selling if the market falls, but that turns into a limit order when the stop price is triggered. Stop limit orders have a stop price and a limit price. When the stop price is triggered, the limit order is activated. The stop price for buy orders is placed above the current market price. The stop price for sell orders is placed below the current market price. The stop price does not need to be the same as the limit price. Just as with a limit order, the stop limit order will be filled at the limit price or better, but may not be filled at all.
TRAILING STOP - stop order that continually adjusts the stop price based on changes in the market price. A trailing stop to sell raises the stop price as the market price increases, but does not lower the stop price when the market price decreases. A trailing stop to buy lowers the stop price as the market price decreases, but does not increase the stop price as the market price increases. In both cases, the stop "trails" the market price. When the stop price is reached, the order becomes a market order. The same risk of market orders applies to trailing stops.
TRAILING STOPLIMIT - this order type works the same way as the trailing stop, only instead of a market order being sent to the exchange, a limit order will be sent to the exchange. With this order, you will be able to stipulate the worst price you are willing to accept for a fill. There is no guarantee that you will be filled, though, as the price may gap through your limit price.
MOC (Market on Close) - order that buys or sells at the market price at the close of trading. You must submit the order by 2:40 pm CT. The same risk of market orders applies to MOC orders.
LOC (Limit on Close) - order that buys or sells at a limit price at the close of trading. You must submit the order by 2:40 pm CT. The order can be filled at the limit price or better, but is not guaranteed a fill.
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Before investing in an ETF, be sure to carefully consider the fund's objectives, risks, charges, and expenses. For a prospectus containing this and other important information, please contact a Client Services representative. Please read the prospectus carefully before investing.
ETFs are baskets of securities that may track a sector-specific, country-specific, or a narrow/broad-market index. ETFs trade on an exchange like a stock. ETFs are subject to risk similar to those of their underlying securities, including, but not limited to, market, sector, or industry risks, and those regarding short-selling and margin account maintenance.
To trade commission-free ETFs, you must be enrolled in the program. Eligible ETFs purchased commission-free must be held for at least 30 days. If you sell an ETF within 30 days of being purchased commission-free, a short-term trading fee will apply.
If you are new to futures trading, we encourage you to read "An Introduction to Futures
and Options" from the CME. Next, you'll need to first open a TD Ameritrade
account. Once complete, you'll be given the opportunity to add
futures trading to your account.
NOTE: We only allow futures trading in the following account
types: Individual and Joint Accounts (Tenants With Rights of
Survivorship and Tenants in Common), Trust Accounts, Partnership
Accounts, Corporate Accounts, and LLC Accounts. Traditional, Roth
and Rollover IRA accounts can also trade futures but are subject to
certain limits. We will be allowing more account types in the near
Available Futures Products
Unless otherwise noted, all of the above futures products trade
during the specified times beginning Sunday night for the Monday
trade date and ending on Friday afternoon.
Click product for details
Click 'Yes' or symbol to see
Begins trading Monday morning
Starts on Monday at 9:05am
CT/10:05am ET and stops on Friday at 1:55pm CT/2:55pm ET.
Open on Sunday night at 5:00pm
Product opens Monday at 2am CT/3am EST. Extended session is from 2am-8:30am CT and from 3:30 pm to 4:15pm CT".
We do not facilitate deliveries of physically settled
contracts. As a courtesy, we will make best efforts to contact
clients about the coming delivery period. Ultimately, it is the
client's responsibility to close or roll the futures position before
the delivery period. If no action is taken by the client, we reserve
the right to close the position at our own discretion.
We do not automatically roll ANY futures contracts.
Futures and options on futures commissions: $2.25 per contract (plus exchange & regulatory fees) (buy or sell).
We allow you to hold long or short positions overnight
Supported order types: Market, Limit, Stop, Stop limit
(note: The following restrictions apply when
placing Stop Limit orders after 3:30pm CT. E-mini S&P 500 = 12
pts, Nasdaq 100 = 24 pts, Russell 2000 = 8 pts. Any order placed
outside these limits will be rejected. Orders sent intraday can have
limits outside these ranges however GTC orders will be rejected when
Your investments. Your way.
We know the drill. You want to invest, but a lot of companies seem to only promote their own mutual funds. But you want choice. You want mutual funds that fit your objectives, not somebody else's. Rather than promote our own mutual funds, TD Ameritrade offers the tools, resources, and third-party research to help you take control and find opportunities that match your objectives - not ours.
Choose from more than 13,000 mutual funds from leading fund families, including a broad range of no-transaction-fee (NTF) funds.
Input your criteria into TD Ameritrade's Mutual Fund Screener to identify potential investment opportunities, and use our Compare Funds tool to evaluate the choices.
Use third-party research, analysis, and opinions from industry experts at Morningstar Associates to evaluate investment opportunities from resources like the Premier List, Focus List, Instant X-Ray�, and more.
Set up a recurring mutual fund order for your TD Ameritrade account and automatically invest, withdraw or exchange a specified dollar amount - within a certain mutual fund - by date or frequency. Recurring mutual fund orders are available subject to the rules and regulations of each fund.
Before investing in a mutual fund, carefully consider the fund's investment objectives, risks, charges and expenses. For a prospectus containing this and other important information, contact the fund or contact a TD Ameritrade Client Services representative. Please read the prospectus carefully before investing.
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Clients must consider all relevant risk factors, including their own personal financial situation, before trading.
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. 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).
Options, futures, and forex trading privileges subject to TD Ameritrade review and approval. Not all account owners will qualify.
thinkorswim, Division of 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.