TD Ameritrade Thinkorswim: Account Types And Minimum Deposits
By Cory Mitchell
Investors and trades can use the thinkorswim platform using a number of different TD Ameritrade account types.
Individual and Joint accounts
Other accounts include accounts for businesses, trusts and investment clubs. Each is used for different purposes but have very similar features to individual accounts.
Funds can be deposited via check, wire transfer, electronic funding or transfer assets.
Individual and Joint accounts
- No minimum deposit, but to trade options requires a minimum balance of $2,000.
- Minimum electronic deposit is $500.
- Can trade stocks, mutual funds, exchange-traded funds (ETFs), bonds, options, certificates of deposit (CDs), unit investment trusts (UIT) and real estate investment trusts (REITs).
- Accounts can be as cash, cash and margin, cash and option or cash, margin and option.
- No minimum deposit or maintenance fees.
- All the same investment choices as individual and joint accounts.
- Accounts can be as cash, or cash and option.
- No minimum deposits although certain plans have a capped deposit amount based on state.
- All same investment choices (529 plans have limited investment choices).
- Accounts can be Cash, Cash and Covered Calls.
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| Figure 1: List of all available accounts |
Other accounts include accounts for businesses, trusts and investment clubs. Each is used for different purposes but have very similar features to individual accounts.
Funds can be deposited via check, wire transfer, electronic funding or transfer assets.
Next: TD Ameritrade Thinkorswim: Services Offered »
Table of Contents
- TD Ameritrade Thinkorswim: Introduction
- TD Ameritrade Thinkorswim: Account Types And Minimum Deposits
- TD Ameritrade Thinkorswim: Services Offered
- TD Ameritrade Thinkorswim: Commission Structure
- TD Ameritrade Thinkorswim: Customer Support
- TD Ameritrade Thinkorswim: Analysis Tools
- TD Ameritrade Thinkorswim: Conclusion
by
Cory Mitchell
Cory Mitchell is a proprietary trader and Chartered Market Technician specializing in short to medium-term technical strategies. He is the founder of VantagePointTrading.com, a website dedicated to trader education and market analysis.
Graduating with a business degree, Mitchell has been trading multiple markets and educating traders since 2005. He has been widely published and is a member of the Canadian Society of Technical Analysts and the Market Technicians Association. His free weekend newsletter includes trading strategies, tutorials, as well as stock and forex market analysis.
Graduating with a business degree, Mitchell has been trading multiple markets and educating traders since 2005. He has been widely published and is a member of the Canadian Society of Technical Analysts and the Market Technicians Association. His free weekend newsletter includes trading strategies, tutorials, as well as stock and forex market analysis.
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