TD AMERITRADE Online Trading Commissions

Experience the value

Our low, straightforward online trading commissions let you concentrate on executing your investment strategy . . . not on calculating fees. See our complete commission schedule below or compare our commissions with our competitors.

Note: Fee changes may vary by program, location or arrangement. Fees are subject to change upon 30 days notice to you.

Stocks and Exchange-Traded Funds (ETFs)


Trade Unlimited Shares (market or limit) Price
Internet $9.99
Interactive Voice Response (IVR) Telephone System $34.99
Broker-assisted $44.99

More about stock trades.

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.

Mutual Funds


Fund Type Price
No-Transaction-Fee Funds No commission
No-Load Funds $49.99
Load Funds No commission*

More about mutual fund trades.

Please note: Funds held 90 days or less may be subject to a Short-Term Redemption Fee of 0.60% of the trade (the fee carries a $39 minimum and a $199 maximum). This fee is in addition to any applicable transaction fees or fees addressed in the fund's prospectus.

TD AMERITRADE receives remuneration from fund companies participating in its no-load, no-transaction-fee program for record-keeping and shareholder services and other administrative services. The amount of TD AMERITRADE remuneration for these services is based in part on the amount of investments in such funds by TD AMERITRADE clients. No-transactions-fee funds have other fees and expenses that apply to a continued investment in the fund and are described in the prospectus.

* The Fund Family will charge fees as detailed in the fund prospectus.

Options


Equity or Index, market and limit orders Price
Internet $9.99 + $0.75 per contract
Interactive Voice Response (IVR) Telephone System $34.99 + $0.75 per contract
Broker-assisted $44.99 + $0.75 per contract

More about option trades.

Note: Options exercises and assignments will incur a $19.99 commission. Options involve risks and are not suitable for all investors.

Bonds & CDs


Treasuries at auction $25 flat fee
Bond and CD trades on a net yield basis

More about Bonds and CDs.

All Buy orders for bonds are subject to a 5 bond ($5,000 par value) minimum. Online CD Buy orders are subject to a 2 CD ($2,000 par value) minimum.

TD AMERITRADE may act as principal on any fixed-income transaction. When acting as principal, we will add a markup to any purchase, and subtract a markdown from every sale. This markup or markdown will be included in the price quoted to you.


All prices are 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.

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