Not ready to start trading with your hard-earned cash just yet? Try a paper money account. A wizard will appear and walk you through how to install thinkorswim, but if you have trouble, you can call customer support. Open a TD Ameritrade account and, for desktop, download the installer. TD Ameritrade also has an asset protection guarantee it vows to reimburse customers if they lose cash or securities because of fraud. It's also a member of the Securities Investor Protection Corporation, abbreviated SIPC, which protects customers against the loss of cash and securities up to $500,000 should the brokerage firm fail. TD Ameritrade is both a brokerage firm and an investment adviser firm, according to the Financial Industry Regulatory Authority, or FINRA. Broker-assisted trades generally cost $25. Over-the-counter stocks that aren't listed on a U.S. exchange-listed stocks, American and Canadian ETFs, and options (though options trades have a $0.65 per-contract fee). Thinkorswim pricing is as follows: It offers $0 commissions on online, U.S. But on the other hand, if you want to do a deep-and-wide, four-month, four-strike, double diagonal spread straddle-strangle swap, we’re your guys.' Is thinkorswim free?Īccording to its pricing page, TD Ameritrade doesn't charge platform or data fees. 'For options - you can do something just like a simple covered call. It allows you to trade at a very basic level, or at the most complex level you’d like to,' he adds. But because the platform has such a wide range of technical features and trading tools, experienced traders can enjoy it just as much as first-timers. JJ Kinahan, chief market strategist at TD Ameritrade, says thinkorswim is best for active traders and investors who are hoping to interact with the market. TD Ameritrade has 11 million client accounts with over $1 trillion in assets. The different versions have different capabilities, but overall, you can trade stocks, mutual funds, ETFs (exchange-traded funds), options, futures, bonds, CDs (certificates of deposit) and forex (foreign currency) on thinkorswim. The desktop version is downloadable software, and there are thinkorswim mobile apps available for iPhone, Android, tablet and smartwatch. Thinkorswim is a trading platform with desktop, web and mobile versions. Hawaii Alaska Florida South Carolina Georgia Alabama North Carolina Tennessee RI Rhode Island CT Connecticut MA Massachusetts Maine NH New Hampshire VT Vermont New York NJ New Jersey DE Delaware MD Maryland West Virginia Ohio Michigan Arizona Nevada Utah Colorado New Mexico South Dakota Iowa Indiana Illinois Minnesota Wisconsin Missouri Louisiana Virginia DC Washington DC Idaho California North Dakota Washington Oregon Montana Wyoming Nebraska Kansas Oklahoma Pennsylvania Kentucky Mississippi Arkansas Texas Start Investing

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