Low commissions. No hidden fees.

The market is complicated. Our pricing plan is simple. TD Ameritrade offers low, flat-rate commissions on internet equity trades and no hidden fees, so you know exactly how much that next trade is going to cost. Nobody likes surprises. Open an account with TD Ameritrade now.

   


Trade Unlimited Shares (market or limit) Price
Internet $9.99
Interactive Voice Response (IVR) Telephone 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 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.



Rates & Fees

TD Ameritrade features straightforward brokerage rates and fees. Get competitive margin rates, service fees, exception fees and trading tools. Margin interest rates vary.


Margin Rates

Dollar Range Above/Below Base Rate*
Above $ 999,999 - 1.50%
$250,000 - $999,999 - 0.75%
$100,000 - $249,999 - 0.50%
$50,000 - $99,999 - 0.25%
$25,000 - $49,999 + 0.75%
$10,000 - $24,999 + 1.00%
Under $10,000 +1.25%

*As of December 1, 2008 the current base rate is 7.75%

When setting the base rate, TD Ameritrade considers indicators including, but not limited to, commercially recognized interest rates, industry conditions relating to the extension of credit, the availability of liquidity in the marketplace, the competitive marketplace and general market conditions.



Cash Sweep Vehicles Interest Rates1

TD Ameritrade FDIC Insured Deposit Account Rates

Dollar Range Interest Rate Annual Percentage Yield
$0.01 - $4,999.99 0.00999% 0.01%
$5,000.00 - $24,999.99 0.00999% 0.01%
$25,000.00 - $99,999.99 0.00999% 0.01%
$100,000.00 - $199,999.99 0.00999% 0.01%
$200,000.00 + 0.00999% 0.01%

Cash in the IDA is held at TD Bank, N.A., TD Bank USA, N.A., or both. Assets at each bank will be eligible for FDIC insurance of up to $250,000 per depositor. Because there are two banks in the IDA program, IDA balances could be covered for up to $500,000 per depositor. TD Bank N.A. and TD Bank USA, N.A. are affiliates of TD Ameritrade.

TD Ameritrade Cash Rates

Dollar Range Interest Rate Annual Percentage Yield
$0.01-$1,999 0.00999% 0.01%
$2,000-$9,999 0.00999% 0.01%
$10,000-$24,999 0.00999% 0.01%
$25,000-$99,999 0.00999% 0.01%
$100,000 and above 0.00999% 0.01%

Effective June 1, 2011. Subject to change without prior notice. Please call (800) 669-3900 for current rates.


Service Fees2

TD Ameritrade TD Ameritrade Apex Learn more
Certificate Withdrawal
Certificate Withdrawal3   $500 $500
Checking
Checkbook Reorder   $9.95/100, $19.90/200, $39.80/400; IRA - Free/20 FREE
Copy of Check   $15 FREE
Miscellaneous
Overnight Delivery   Billed at cost FREE
Stop Payment   $25 FREE
Reorganization
Mandatory   $38 FREE
Voluntary Tender Offer   $38 FREE
Statements and Trade Confirmations
Electronic Statements   FREE FREE
Paper Monthly Statements by U.S. Mail4   FREE: accounts w/ liquidation value = $10k
$2: accounts w/ liquidation value < $10k
FREE
Paper Quarterly Statements by U.S. Mail   FREE: accounts w/ liquidation value = $10k
$2: accounts w/ liquidation value < $10k
FREE
Paper Trade Confirmations by U.S. Mail   FREE: accounts w/ liquidation value = $10k
$2: accounts w/ liquidation value < $10k
FREE
Replacement Paper Statements by U.S. Mail   $5 FREE
Replacement Paper Trade Confirmations by U.S. Mail   $5 FREE
Transfers5
Outbound Full Account Transfer   $75 FREE
Outbound Partial Account Transfer   FREE FREE
Wires (Outgoing) Domestic/International   $25 FREE

All prices shown in U.S. dollars. Fees charged may vary by program, location or arrangements. Fees are subject to change upon 30 days notice to you. 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.


Exception Fees

TD Ameritrade/TD Ameritrade Apex Learn more
NSA Custody Fee   $250 per position charged annually
NSA Transaction Fee   $100 per transaction
Forced Margin Sellout   $25 + broker commission
Foreign Security   $15 + broker commission and all applicable local market charges
Mutual Fund Short-Term Redemption   $49.99
Commission-free ETF Short Term Trading Fee   $19.99
Regulation T Extension   $25
Restricted Security Processing for non-affiliates   $50
Restricted Security Processing for Company Affiliates and Restricted Shares Requiring Special Handling   $250
Returned Check/Electronic Funding   $25

All prices shown in U.S. dollars. Fees charged may vary by program, location or arrangements. Fees are subject to change upon 30 days notice to you. 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.


Market Data and News

Monthly Subscription Fee
  TD Ameritrade TD Ameritrade Apex
Description Non-professional clients Professional clients Professional and Non-professional clients
Streaming News FREE $99.00 FREE
NASDAQ Level I FREE $20.00 FREE
NASDAQ Level I and Level II FREE $50.00 FREE
Real-Time OPRA Quotes FREE $27.00 FREE
Real-Time AMEX Quotes FREE $24.00 FREE
Real-Time NYSE Quotes FREE $50.00 FREE for Non-professional clients
$50.00 for Professional clients


Research Subscriptions
Market Edge® Daily $9.99 $9.99 $7.49
Market Edge® Daily Plus $19.99 $19.99 $14.99

1. Interest rates paid on balances in the IDA and TD Ameritrade Cash are based on tiers. The previous day's closing balance determines eligibility for a particular tier each day. Simple interest is accrued daily based on the interest rate tier applicable to each day's balance, and is credited to your account on the last business day of the month. In accordance with the Client Agreement, TD Ameritrade may change the tiers and rates at its discretion and without notice and is not obligated to pay different rates between tiers. Rate changes may vary by program, location or arrangement.

TD Bank, N.A. and TD Bank USA, N.A. ("the Banks") use IDA balances to fund current and new investment and lending activity. The Banks seek to make a profit by achieving a positive spread between their cost of funds (e.g., deposits) and the return on their assets, net of expenses. TD Ameritrade receives a fee from the Banks for marketing, administrative and operational services in connection with the IDAs. TD Ameritrade has the right to waive all or part of this fee. The fee is derived using a formula which results in the fee varying from month to month depending on the interest rate environment and the profitability of the Banks with respect to such deposits. Under TD Ameritrade's agreement with the Banks, the fee is based on the London Interbank Offered Rate ("LIBOR") and generally ranges from the 1-month to the 3-year LIBOR rate in effect. Historically, LIBOR has been slightly higher than the comparable Federal Funds rate issued by the Federal Reserve of the United States. The rate of the fee that TD Ameritrade receives may exceed the interest rate or effective yield that you receive on your balances in the IDAs, and the payment of the fee reduces the yield that you receive. Other than the applicable fees charged on brokerage accounts, there will be no charges, fees or commissions imposed on your account for this cash sweep feature.

2. All service fees are subject to change. Pass-through fees charged to TD Ameritrade will be passed on to the client's account.

3. Certificate requests requiring extraordinary processing, including certificates for foreign securities and requests to break certificates into multiple denominations, may incur additional charges which will be passed through to your account.

4. Some accounts, such as option-approved accounts, are required to receive monthly statements either electronically (free) or via U.S. mail.

5. Transfer and termination fees may be charged by the firm you are transferring the account from.

Apex qualification is based on an average of five trades per month over a three-month period or a $100,000 total account value. Apex membership may also be granted on a free trial basis. Qualification is reviewed every three months. Professional access to real-time data differs.

All product or service names are trademarks or registered trademarks of their respective owners.

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