Is Thinkorswim Free? If not then how much does thinkorswim cost? If you want to know the answer then read this article completely. Thinkorswim is a very popular trading platform we’ve already discussed about it in our previous post. Every beginner wants to know that is thinkorswim free? If not then how much does thinkorswim cost? I’m going to give the answer of this question in this article so without waiting further let’s jump to the main topic.
Is Thinkorswim Free? How Much Does Thinkorswim Cost:
Thinkorswim is a TD Ameritrade property so you need a TD Ameritrade account to use thinkorswim. Now you must be wondering how much does TD Ameritrade costs to open a new account? Well, you will be surprised to know that it is completely free to open a new account on TD Ameritrade for using thinkorswim platform. However, a $2,000 deposit is required to be considered for margin and options privileges, regardless of any promotional offer.
Talking about the commissions, TD Ameritrade takes $0.00 commissions on online exchange listed US stock, domestic and Canadian ETF, and option trades, regardless of account balance or how many shares you buy. For options trades, a $0.65 per contract fee applies. You won’t be charged any platform, inactivity, or market data fees. More information about their commission & fees can be found on their official pricing page. The only reason for referring you to their official page is that commissions, fees & their pricing can change in the future. I would continue to update this page with time but for more exact figures & detailed information, you much check their official pricing page.
So, guys, I hope after reading this post you have more idea about how much does thinkorswim cost? pricing, commission & their fees. It is actually very confusing for a beginner to know exactly how much thinkorswim is going to cost them. I’ve only included necessary details about their commissions & fees for rest details I’ve referred you to their official page to know more. If you liked this article then must share with your friends & If you have any doubt please comment below.