ThinkorSwim Option Fees

Thinkorswim option fee's aren't the cheapest, but they aren't the most expensive out there either. If you don't already know, Thinkorswim is a trading platform that allows you to trade in a number of financial securities including options. 

It's one of the best trading platforms in the world (in our opinion) that gives you access to various trading tools and is one that allows you to trade in different securities and test different trading strategies. But what are the fee's? We'll dive into that below. 

What Are Thinkorswim Option Fees?

  • What are ThinkorSwim option fees? It depends on the options contract you're looking at. One of the most popular choices of investment these days is or are options. If we are talking about trading in options, Thinkorswim is a platform you must believe in.

Thinkorswim has no annual, maintenance, account closing or perhaps inactivity fees for trading in options. It charges $0 on its stock and its ETF trades as well.

Furthermore, it also costs nothing, $0 to set up or use the Thinkorswim platform, plus its TD Ameritrade brokerage account as well.

For options commissions, or option trades, Thinkorswim charges a given, standard commission of $0 per trade, plus an additional of $0.65 per contract.

Furthermore, for multi-legged options trades, you'll be charged a single standard commission of $0 and the $0.65 per contract fee applies to every contract of every leg. However, it doesn't charge any option exercise and assignment fees.

1. The Highlight of ThinkorSwim Options

The highlight, if you ask us, about Thinkorswim is that it is a very versatile platform which charges very minimum fee. If we emphasize on its bond and CDs fees.

Then it charges $1 per bond markup/down for every buy/sell and this will be embedded in the price that they quote you.

Furthermore, if you have treasuries that are traded at an auction, they are traded free of commission which is another advantage of using Thinkorswim.

Perhaps the unique aspect of this market is that there's no single central marketplace for foreign exchange. Currency trading is often conducted electronically over the counter.

This means all transactions occur over the counter with computer networks and robots. But before you start your forex trade, there are a few things you need to know.

ThinkorSwim Option Fees

2. Thinkorswim ETF Fees

You can also trade in ETFs using Thinkorswim. ETFs are indeed referred to as the backbone of a well-rounded portfolio.

They're cost effective and allow exposure to commodities, sectors, markets and countries amongst others. Thinkorswim only charges a standard of $0 per commission for every ETF trade.

3. Futures

For future trades, Thinkorswim charges a given price/flat price of $2.25 per contract in addition to regulatory fees. It's quite negligible ($0.01 per contract), which makes it a reasonable use.

Did you know you can open a paper trading account with TD Ameritrade? There you can practice with futures and ThinkorSwim option fees.

4. Forex

Thinkorswim platform trades in 70 unique currency pairs. Some of these come free of commission (those that come without #). These resultantly have a wider spread.

FX trades which do not incur a commission are traded in increments of 1000 units. The commission for these trades is mostly $0.10 per 1000 units (and a $1 minimum).

ThinkorSwim Option Fees vs Mutual Funds

  • You can also trade with mutual funds on TD Ameritrade if you don't want to trade ThinkorSwim option fees. These are commission free and have a short term redemption fee of $49.99 if these are not held for 180 days. On the other hand, those that are commission free come with a flat price of $49.99 fee.

Thinkorswim, then, is software which has a lot to offer. To test it, you need to download it and start using it for a test drive.

Those who have a registered account at TD Ameritrade can start trading for free and get charge of the software completely. The software will appear in paper trading mode for such traders.

Moreover, if you are a TD Ameritrade customer, you can login with normal credits to gain access to the download link. Once acquired through a proper process, the software will be available in regular and paper trading versions.

ThinkorSwim Option Fees Conclusion

What are ThinkorSwim option fees? Thinkorswim requires no account minimums or trading requirements. Their policy is very generous.

Similar trading platforms such as Fidelity and Merrill Edge require particular activity to use these platforms. Thinkorswim is essentially free.

Using the platform/software is also very easy. Once you download the software, it starts with download updates. It is slow to begin. It has small font size.

Once you open it, you will see the setup link in the top right corner to gear icon. After that, you will have a pop up window where you can make many customizations.

After customizing, you will have a news feed which will have the software in article and video format. Trading is easy once you get used to it.

In Thinkorswim, there are 400 technical studies and 20 drawing tools. Other platforms offer fewer technical tools. Generally, Thinkorswim is complete software that makes trading very easy and simple for you.

Thinkorswim is a simple yet advanced software that lets you trade in a number of securities at a very low charge, especially options. If you want to try it, you can head on to the company’s website and try out the software for free today.

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