Overview of TD Ameritrade fees and charges

We know that fees are on top of people's mind when selecting a broker. Brokerage fees consist of trading and non-trading fees. The most important trading fees are commission, spread, and financing rate.

  • Commission: it's charged when you execute a trade (either buy or sell). Commissions can be volume-tiered or flat fees. Nowadays, there are many commission-free brokers, click on the following links to check out the best free stockbrokers in the US and the EU.
  • it denotes the difference between the bid and ask price. When you trade forex, spreads can make up a significant part of your trading costs.
  • Financing rate/overnight costs: if you trade on leverage, you may be charged for holding your positions overnight. This cost can be expressed as a percentage or in swap points.
  • Non-trading fees: these occur when you deposit and withdraw funds, or if you don't use your account for a certain period.

Now, let's dive into the details and see what commissions, spreads, and financing rates TD Ameritrade charges.

TD Ameritrade commission and other fees
TD Ameritrade commission and other trading fees

The good news is that TD Ameritrade has low trading fees in general. We ranked the fees of TD Ameritrade as low, average, or high based on how they compare with all reviewed brokers.

Check out this table to get an overview of whether TD Ameritrade commissions, spreads, and financing rates for each asset class are low/average/high.

Classification of TD Ameritrade commission and other trading fees
TD Ameritrade E*TRADE Charles Schwab
Stock and ETF Low Low Low
Forex Low - -
Fund High High High
Bond Low Low Low
Options Low Low Low
Futures High Average Average

Now let's go over the trading fees for each asset class one by one.

TD Ameritrade stock and ETF commissions, spreads

TD Ameritrade stock and ETF commissions are low. TD Ameritrade stock and ETF commissions are charged as per the table below.

TD Ameritrade stock and ETF commission
TD Ameritrade
US stock Free stock and ETF trading

You can compare TD Ameritrade stock and ETF fees with the two closest competitors.

TD Ameritrade stock and ETF commission, spreads vs competitors
TD Ameritrade E*TRADE Charles Schwab
US stock $0.0 $0.0 $0.0

Stock and ETF commissions are calculated for a $2,000 trade

TD Ameritrade forex commissions and spreads

TD Ameritrade forex fees are low. TD Ameritrade forex commissions and spreads for individual currency pairs are charged as per the table below.

TD Ameritrade forex commissions and spreads
TD Ameritrade
EURUSD fee The fees are built into the spread, 1.2 pips is the average spread cost during peak trading hours.
GBPUSD fee The fees are built into the spread, 1.5 pips is the average spread cost during peak trading hours.

Check out how TD Ameritrade forex fees compare to its two closest competitors.

TD Ameritrade forex fees vs competitors
TD Ameritrade E*TRADE Charles Schwab
EURUSD benchmark fee $7.1 - -
GBPUSD benchmark fee $5.0 - -
AUDUSD benchmark fee $6.3 - -
EURCHF benchmark fee $7.0 - -
EURGBP benchmark fee $7.5 - -

Forex fees are calculated for a $20,000 trade using 30:1 leverage

TD Ameritrade fund commissions

TD Ameritrade fund commissions are high. The table below shows how TD Ameritrade fund commissions are calculated.

TD Ameritrade fund commissions
TD Ameritrade
Mutual fund $49.99 per transaction, although there are also ca. 4,000 free funds

Check out how TD Ameritrade fund fees compare with the competition.

TD Ameritrade fund commissions
TD Ameritrade E*TRADE Charles Schwab
Mutual fund $50.0 $20.0 $24.8

Fund commissions are calculated for a $2,000 trade

TD Ameritrade bond commissions

TD Ameritrade bond commissions are low. The table below contains the description of TD Ameritrade bond commissions.

TD Ameritrade bond commissions
TD Ameritrade
US Treasury bond $0 for Treasury bonds, other bonds are marketed on a net yield basis. UITs are subject of a placement fee.

See how TD Ameritrade bond fees stack up against the competition.

TD Ameritrade bond commissions vs competitors
TD Ameritrade E*TRADE Charles Schwab
US Treasury bond $0.0 $0.0 $0.0

Bond commissions are calculated for a $10,000 trade

TD Ameritrade options commissions

You can see below the description of TD Ameritrade options commissions. TD Ameritrade options fees are low.

TD Ameritrade options commissions
TD Ameritrade
US stock index options $0.65 per contract
US stock options $0.65 per contract

Compare options commissions charged by TD Ameritrade with those of E*TRADE and Charles Schwab.

TD Ameritrade options commissions vs competitors
TD Ameritrade E*TRADE Charles Schwab
US stock index options $6.5 $6.5 $6.5
US stock options $6.5 $6.5 $6.5

Options commissions are calculated for 10 contracts

TD Ameritrade futures commissions

You can see below how TD Ameritrade futures commissions are charged. TD Ameritrade futures fees are high.

TD Ameritrade futures commissions
TD Ameritrade
US micro e-mini stock index futures $2.25 fee per contract plus exchange or regulatory fee

Compare how the futures commissions of TD Ameritrade stack up against those of E*TRADE and Charles Schwab.

TD Ameritrade futures commissions vs competitors
TD Ameritrade E*TRADE Charles Schwab
US micro e-mini stock index futures $22.5 $15.0 $15.0

Futures commissions are calculated for 10 contracts

TD Ameritrade financing rates

TD Ameritrade financing rates are low. They make up a significant part of your trading costs if you hold your position for a long time.

Check out how TD Ameritrade financing rates compare with those of E*TRADE and Charles Schwab.

TD Ameritrade financing rates vs competitors
TD Ameritrade E*TRADE Charles Schwab
EURUSD financing rate 1.3% - -
GBPUSD financing rate 0.7% - -

TD Ameritrade commission and other fees
TD Ameritrade non-trading fees

In addition to trading fees, it's important to see if TD Ameritrade charges a fee on deposits, withdrawals, account maintenance, and inactivity. We compared these fees levied by TD Ameritrade with its two closest competitors.

TD Ameritrade non-trading fees vs competitors
TD Ameritrade E*TRADE Charles Schwab
Deposit fee $0 $0 $0
Withdrawal fee $0 $0 $0
Account fee No No No
Inactivity fee No No No

CFD fees are calculated for a $2,000 trade using 20:1 leverage for stock index CFDs, and 5:1 leverage for stock CFDs

TD Ameritrade commission and other fees
Bottom line

Hopefully, by now you have a clear picture of the commissions, spreads, financing rates, and non-trading fees charged by TD Ameritrade and its closest competitors. To learn more about TD Ameritrade, check out this detailed review. If you would like more information about fees in general, read this article about brokerage fees.

If you're not sure which broker to choose, get a personal recommendation from our broker recommendation algorithm or compare brokers with our broker comparison table.

Author of this article

Ádám Nasli

Author of this article

Ádám is a motivated finance expert with over two years of experience in banking and investment, and a professional degree in this field. He's eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible.

Ádám Nasli

Broker Expert

Ádám is a motivated finance expert with over two years of experience in banking and investment, and a professional degree in this field. He's eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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