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Written by: Adam N. Updated: Dec 2022
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Overview of TD Ameritrade fees and charges

It's safe to say that TD Ameritrade's fees are low in general. They either don't charge a brokerage fee for things other brokers do charge for, or they only charge a small amount. This means that you can use TD Ameritrade even in case you trade frequently like multiple times a week or daily.

Here's a high level overview of TD Ameritrade's fees

TD Ameritrade Fees snapshot
Assets Fee level Fee terms
US stock fee Low Free stock and ETF trading
EURUSD fee Low The fees are built into the spread, 1.3 pips is the average spread cost during peak trading hours.
US tech fund fee High $49.99 per transaction, although there are also ca. 4,000 free funds
Inactivity fee Low No inactivity fee

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TD Ameritrade fees
TD Ameritrade fees explained

We compare TD Ameritrade fees with its closest competitors, E*TRADE and Charles Schwab.

TD Ameritrade fees
TD Ameritrade trading fees

TD Ameritrade's trading fees are low which makes it suitable for you even if you trade often (i.e. multiple times a week).

Let's break down the trading fees into the different asset classes available at TD Ameritrade.

Trading fees

TD Ameritrade's trading fees are low.

Stock fees and ETF fees

TD Ameritrade has low stock trading fees.

Stock fees of a $2,000 trade
TD Ameritrade E*TRADE Charles Schwab
US stock $0.0 $0.0 $0.0
UK stock - - -
German stock - - -

Forex fees

TD Ameritrade's forex fees are low.

Forex fees of a $20,000 30:1 position open, 1-week-hold, and close
TD Ameritrade E*TRADE Charles Schwab
EURUSD benchmark fee $15.1 - -
EURGBP benchmark fee $12.2 - -

Fund fees

TD Ameritrade fund fees are high.

A $2,000 fund buy fees
TD Ameritrade E*TRADE Charles Schwab
Mutual fund $50.0 $20.0 $25.0
EU mutual fund - - -

Bond fees

TD Ameritrade has low bond fees.

Bond fees of a $10,000 trade
TD Ameritrade E*TRADE Charles Schwab
US Treasury bond $0.0 $0.0 $0.0
EU government bond - - -

Options fees

TD Ameritrade's options fees are low.

Stock index options fees of 10 contracts
TD Ameritrade E*TRADE Charles Schwab
US stock index options $6.5 $6.5 $6.5
UK stock index options - - -
German stock index options - - -

Futures fees

TD Ameritrade's futures fees are high.

Stock index futures fee of 10 contracts
TD Ameritrade E*TRADE Charles Schwab
US micro e-mini stock index futures $22.5 $15.0 $22.5
UK stock index futures - - -
German e-mini stock index futures - - -

Financing rates

TD Ameritrade financing rates are low.

If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.

TD Ameritrade yearly financing rates
TD Ameritrade E*TRADE Charles Schwab
Apple CFD financing rate - - -
Vodafone CFD financing rate - - -
EURUSD financing rate 3.2% - -
EURGBP financing rate 2.0% - -

Leverage is a double-edged sword and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange/CFDs with any level of leverage may not be suitable for all investors.

TD Ameritrade fees
TD Ameritrade non-trading fees

When it comes to looking at all the non-trading fees TD Ameritrade is a cheap broker. This means that they don't charge you a lot for non-trading related activities on your trading account, like withdrawal fee.

Non-trading fees include various brokerage fees and charges at TD Ameritrade that you pay not related to buying and selling assets. Among some others, typical non trading fees are withdrawal fee, deposit fee, inactivity fee and account fee.

A high level overview of how TD Ameritrade stacks up in non-trading fees
TD Ameritrade E*TRADE Charles Schwab
Withdrawal fee $0 $0 $0
Deposit fee $0 $0 $0
Inactivity fee No No No
Account fee No No No

TD Ameritrade fees
TD Ameritrade deposit fee

Deposit fees are applied when you send money to your trading account from your bank account. Usually brokers don't charge money for that and TD Ameritrade is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods TD Ameritrade offers.

TD Ameritrade deposit methods
TD Ameritrade E*TRADE Charles Schwab
Bank transfer Yes Yes Yes
Credit/debit card No No No
Electronic wallets No No No
Deposit fee $0 $0 $0

TD Ameritrade fees
TD Ameritrade withdrawal fee

Unlike some online brokers we have reviewed TD Ameritrade does not charge a withdrawal fee. This means that you'll see the same amount of money on your bank account that you transferred from your brokerage account.

TD Ameritrade withdrawal fees and options compared
TD Ameritrade E*TRADE Charles Schwab
Bank transfer Yes Yes Yes
Credit/debit card No No No
Electronic wallets No No No
Withdrawal fee with bank transfer $0 $0 $0

TD Ameritrade fees
TD Ameritrade inactivity fee

TD Ameritrade does not apply an inactivity fee which is great because your account will not be charged even if you do not trade for a longer time period (months or years).

Author of this article

Adam Nasli

Author of this article

Adam is a motivated finance expert. He joined BrokerChooser in 2018 and has since tested almost all 100+ brokers covered by BrokerChooser. Adam holds a professional degree from CEU and he helps teach finance and programming courses at his alma mater. Previously he worked in the banking sector, including at Citi Bank. He loves researching the financial industry, managing his long-term investments, and trading with algorithms.

Adam Nasli

Analyst Head

Adam is a motivated finance expert. He joined BrokerChooser in 2018 and has since tested almost all 100+ brokers covered by BrokerChooser. Adam holds a professional degree from CEU and he helps teach finance and programming courses at his alma mater. Previously he worked in the banking sector, including at Citi Bank. He loves researching the financial industry, managing his long-term investments, and trading with algorithms.

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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