It is not often that an online stock brokerage is known most for their trading platform, but that is indeed what make thinkorswim such a popular choice. Now part of TD Ameritrade, you get the comfort of stability with mind-blowing platforms.
What makes thinkorswim so unusual is their ability to impress both novice and experienced traders. With free webinars and classes, thinkorswim seems to be breeding their own type of trader. There is also a mobile trading application, so you can access your thinkorswim account on the road.
Promotions. Maybe part of the reason so many like thinkorswim is their constant promotions: every new TOS member gets a free stuffed monkey, executing 40 trades in month will get them to pay for your internet, and 3 complimentary mutual fund trades per month.
No start up or hidden fees. There are no start up or inactivity fees. You can even take a test drive of their popular trading platform before becoming an actual registered member. Also, as a registered member, you will get $50 for every person you refer to thinkorswim.
Stock Brokerage Details
Commissions: Stocks $0.015 per share ($5 min) $9.95 per trade; Options the lesser of $2.95 per contract or $1.50 per contract plus $9.95
Account Minimums: $500
Don’t Like Your Current Broker: thinkorswim will reimburse any transfer fees up to $100.
Overall, thinkorswim’s trading platforms and applications make it a prime stock brokerage for both the novice and experience trader; however, more active traders might consider another brokerage for cheaper commissions.
Get access to the award winning trading applications by signing up for an account at thinkorswim.
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