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TD Ameritrade fees explained

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Adam N.
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Overview of TD Ameritrade fees and charges as of January 2024

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, 1.4 pips is the average spread cost during peak trading hours.
US tech fund fee High $49.95 per transaction, although there are also ca. 4,000 free funds
Inactivity fee Low No inactivity fee

The fees were collected on 7 Dec 2023, but the actual rates are subject to change. To see current rates, check TD Ameritrade's website.

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TD Ameritrade fees explained

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

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
US stock
$0.0
$0.0
$0.0
UK stock
-
-
-
German stock
-
-
-

Data updated on January 26, 2024

Forex fees

TD Ameritrade's forex fees are low.

Forex fees of a $20,000 30:1 position open, 1-week-hold, and close
EURUSD benchmark fee
$10.8 -
-
EURGBP benchmark fee
$9.2 -
-

Data updated on January 26, 2024

Fund fees

TD Ameritrade fund fees are high.

A $2,000 fund buy fees
Mutual fund
$50.0
$20.0
$25.0
EU mutual fund
-
-
-

Data updated on January 26, 2024

Bond fees

TD Ameritrade has low bond fees.

Bond fees of a $10,000 trade
US Treasury bond
$0.0
$0.0
$0.0
EU/UK government bond
-
-
-

Data updated on January 26, 2024

Options fees

TD Ameritrade's options fees are low.

Stock index options fees of 10 contracts
US stock index options
$6.5
$6.5
$6.5
UK stock index options
-
-
-
German stock index options
-
-
-

Data updated on January 26, 2024

Futures fees

TD Ameritrade's futures fees are high.

Stock index futures fee of 10 contracts
US micro e-mini stock index futures
$22.5
$15.0
$22.5
UK stock index futures
-
-
-
German e-mini stock index futures
-
-
-

Data updated on January 26, 2024

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
Apple CFD financing rate
-
-
-
Vodafone CFD financing rate
-
-
-
EURUSD financing rate
2.1%
-
-
EURGBP financing rate
1.6%
-
-

Data updated on January 26, 2024

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.

The fees were collected on 7 Dec 2023, but the actual rates are subject to change. To see current rates, check TD Ameritrade's website.

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
Withdrawal fee
$0
$0
$0
Deposit fee
$0
$0
$0
Inactivity fee
No
No
No
Account fee
No
No
No

Data updated on January 26, 2024

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
Bank transfer
Yes Yes Yes
Credit/debit card
No No No
Electronic wallets
No No No
Deposit fee
$0
$0
$0

Data updated on January 26, 2024

BrokerChooser score
4.7 4.7 /5
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TD Ameritrade is not available in the United States
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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
Bank transfer
Yes Yes Yes
Credit/debit card
No No No
Electronic wallets
No No No
Withdrawal fee with bank transfer
$0
$0
$0

Data updated on January 26, 2024

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).

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Author of this article

Adam Nasli

Financial Wizard | Trading • Safety • Market Analysis

I bring extensive financial expertise as one of BrokerChooser's earliest team members. Personally, I tested nearly all 100+ brokers on our site, opening real-money accounts, executing trades, assessing customer services, and providing firsthand assessment. My professional background includes roles in the banking sector and a degree from Central European University, where I teach finance. My passions lies in in-depth research of the financial industry, building trading algorithms, and managing long-term investments.

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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