Zero commissions and low fees
Stocks & ETFs
Trade unlimited shares for $0.00 per trade.
Note: $0 commission applies to U.S. exchange-listed stocks and ETFs. A USD$6.95 commission applies to online trades of over-the-counter (OTC) stocks.
Options
USD$0.65 per contract, with no ticket charge, exercise or assignment fees. Option fees are waived when you buy to close any short individual or single leg option for USD$0.05 or less.Futures &
Futures OptionsUSD$2.25 per contract (plus exchange & regulatory fees).
Exchange and Regulatory Fees
Exchange fees vary by exchange and by product. Please visit the appropriate exchange for a list of the associated fees. Please note, the National Futures Association (NFA) also charges a fee of USD$0.01 per contract.- *There may be other trading fees involved. Please refer to the fee table below.
TD Ameritrade Clearing, Inc. Charges
- Trading Fees
- Stocks Deposits & Transfers
|
Type |
Fee |
|---|---|
|
"Section 31" Fee 2 |
Fees $0.0000051 per $1.00 of transaction proceeds |
|
Hard to Borrow Fee (based on market rate to borrow the security requested) |
Fees Varies |
|
Stock Option Exercise/Assignment (per strike) |
Fees $0 |
|
Reorg and Tender Offers (per item) 3 |
Fees $38 |
|
Warrant Exercise Fee 4 TD Ameritrade Clearing, Inc. charges this fee for exercising warrants in your account. |
Fees $38 |
|
Options Regulatory Fee (ORF) 5 |
Fees $0.011261 |
|
Trading Activity Fee 6 |
Fees
$0.000119 per equity share |
|
Futures Options Exercise and Assignment Fee |
Fees Futures commission + exchange fees |
|
Reg T Extension |
Fees $25 |
|
Forced Sell-out |
Fees $25 + commission |
|
Select Index Options Will Be Subject to an Exchange Fee Beginning 1/2/2020 |
Fees |
|
Paper Monthly Statements by U.S. Mail |
Fees $20 |
|
Paper Trade Confirmations by U.S. Mail |
Fees $20 |
1 All service fees are listed in
USD and are subject to change. Pass-through fees charged to TD Ameritrade Hong Kong will be
passed
on to the client's account.
2 The
"Section 31 Fee" applies to certain sell transactions, assessed at a rate consistent with Section 31 of
the
Securities Exchange Act of 1934. TD Ameritrade remits these fees to certain self-regulatory organizations
and
national securities exchanges, which in turn make payment to the SEC. These fees are intended to cover the
costs
incurred by the government, including the SEC, for supervising and regulating the securities markets and
securities professionals. The rate is subject to annual and mid-year adjustments which may not be
immediately known to TD Ameritrade; as a result, the fee assessed may differ from or exceed the actual
amount of the
fee applicable to your transaction. Any excess may be retained by TD Ameritrade. Fees are rounded to the
nearest penny.
3 Mandatory and
voluntary
offers.
4 Plus the
subscription
cost per share.
5This fee
varies by
options
exchange, where an options trade executes, and whether the broker responsible for the trade is a member of
a particular exchange. As a result, TD Ameritrade calculates a blended rate that equals or slightly
exceeds
the amount it is required to remit to the options exchanges.
6This fee is assessed at a rate
consistent with Section 1 of Schedule A of FINRA's
By-Laws for trading activity. Current rates are: $0.000119 per share for each sale of a covered equity
security, with a maximum charge of $5.95 per trade; $0.002 per contract for each sale of an option;
$0.00075 per bond for each sale of a covered TRACE-Eligible Security (other than an Asset-Backed Security)
and/or
municipal security, with a maximum charge of $0.75 per trade; $0.00000075 times the value, as reported to
TRACE, of a sale of an Asset-Backed Security, with a maximum charge of $0.75 per trade. Fees are rounded
to the nearest penny.
7The Index Option Fees
are fees
associated with Proprietary Index Option products provided by the Chicago Board Options Exchange (CBOE) and
are subject to change without notice. A copy of the CBOE Options Exchange Fee Schedule can also be found on
www.cboe.com.
|
Underlying Symbol |
Description |
Premium |
Expiration |
Fee Per Contract |
|---|---|---|---|---|
|
SPX |
Description S&P 500 Index |
Premium <$1> |
Expiration Monthly |
Fee Per Contract $0.56 |
|
SPX |
Description S&P 500 Index |
Premium >=$1 |
Expiration Monthly |
Fee Per Contract $0.56 |
|
SPXW |
Description S&P 500 Index |
Premium <$1 |
Expiration Weekly/Quarterly |
Fee Per Contract $0.45 |
|
SPXW |
Description S&P 500 Index |
Premium >=$1 |
Expiration Weekly/Quarterly |
Fee Per Contract $0.54 |
|
OEX |
Description S&P 100 Index (American-style exercise) |
Premium All |
Expiration Monthly/Quarterly |
Fee Per Contract $0.40 |
|
OEX |
Description S&P 100 Index (American-style exercise) |
Premium All |
Expiration Weekly |
Fee Per Contract $0.30 |
|
XEO |
Description S&P 100 Index (European-style exercise) |
Premium All |
Expiration Monthly/Quarterly |
Fee Per Contract $0.40 |
|
XEO |
Description S&P 100 Index (European-style exercise) |
Premium All |
Expiration Weekly |
Fee Per Contract $0.30 |
|
VIX |
Description CBOE Market Volatility Index |
Premium <$0.10 |
Expiration All |
Fee Per Contract $0.10 |
|
VIX |
Description CBOE Market Volatility Index |
Premium $0.10 - $1 |
Expiration All |
Fee Per Contract $0.25 |
|
VIX |
Description CBOE Market Volatility Index |
Premium >=$1 |
Expiration All |
Fee Per Contract $0.45 |
|
RUT |
Description Russell 2000 Index |
Premium All |
Expiration All |
Fee Per Contract $0.18 |
|
Type |
Fee |
|---|---|
|
Full ACAT Transfer out |
Fees FREE |
|
Stock Certificate Deposit Only U.S. exchange listed shares will be accepted |
Fees $250 |
|
Stock Certificate Withdrawal 5 This fee is charged by TD Ameritrade Clearing, Inc. for having a physical certificate re-registered to an account holder and sent to him/her from him/her account. |
Fees $500 |
|
Restricted Stock Certificate Deposit for non-affiliates This is the standard charge from TD Ameritrade Clearing, Inc. when depositing and clearing restricted stock certificates in a brokerage account. The shares are deposited through the Depository Trust Company (DTC). |
Fees $50 |
|
Restricted Stock Certificate Deposit for affiliates and special handling |
Fees $250 |
|
Registration of DTC ineligible securities (per certificate) |
Fees $40 |
|
Outgoing DRS/DWAC/DTC to transfer agent
DRS = Direct Registration System |
Fees FREE |
|
Incoming DRS/DWAC/DTC Fee (per transaction)
DRS = Direct Registration System |
Fees FREE |
|
All Outgoing Wire Transfers |
Fees FREE |
Margin account and interest rates
A margin account can help you execute your trading strategy. TD Ameritrade offers margin accounts that help provide you with leverage.
- Margin Rates
- Cash Rates
|
Dollar Range |
Above/Below Base Rate |
Effective Rate |
|---|---|---|
|
Under $10,000 |
Above/Below Base Rate 1.25% |
Effective Rate 9.50% |
|
$10,000 - $24,999.99 |
Above/Below Base Rate 1.00% |
Effective Rate 9.25% |
|
$25,000 - $49,999.99 |
Above/Below Base Rate 0.75% |
Effective Rate 9.00% |
|
$50,000 - $99,999.99 |
Above/Below Base Rate -0.25% |
Effective Rate 8.00% |
|
$100,000 - $249,999.99 |
Above/Below Base Rate -0.50% |
Effective Rate 7.75% |
|
$250,000 - $999,999.99* |
Above/Below Base Rate -0.75% |
Effective Rate 7.50% |
|
Dollar Range |
Interest Rate |
Annual Percentage Yield |
|---|---|---|
|
$0.01 - $4,999.99 |
Interest Rate 0.01% |
Annual Percentage Yield 0.01% |
|
$5,000.00 - $24,999.99 |
Interest Rate 0.01% |
Annual Percentage Yield 0.01% |
|
$25,000.00 - $99,999.99 |
Interest Rate 0.01% |
Annual Percentage Yield 0.01% |
|
$100,000.00 - $199,999.99 |
Interest Rate 0.01% |
Annual Percentage Yield 0.01% |
|
$200,000.00 - $499,999.99 |
Interest Rate 0.01% |
Annual Percentage Yield 0.01% |
|
$500,000.00 - $999,999.99 |
Interest Rate 0.01% |
Annual Percentage Yield 0.01% |
|
$1,000,000 + |
Interest Rate 0.01% |
Annual Percentage Yield 0.01% |