According to ThinkOrSwim.com Website:
Thinkorswim (ThinkOrSwim.com) headquartered in Chicago, is an online brokerage company offering services to retail and institutional traders through their own trading platform thinkorswimFX. ThinkOrSwim, Inc. is a member of SIPC FINRA NFA.
ThinkOrSwimFX is a powerful browser-based TOS’s online web trading platform which gives you instant access to the foreign exchange market. Forex trading will only be allowed from fully-funded margin accounts. Forex trading will not be available for IRA accounts. The interface found on thinkDesktop’s ‘FX’ tab is designed to let you easily interact with the marketplace.
No commission or fee charged for opening an account with them or trading via their platform; 100:1 (1%) margin; Interest is paid on active positions not on resting cash; Funds can be deposited via, bank wire transfer and checks; No minimums on option trades; No additional fees for calling our trade desk; all order types other than limit, marketable limit, and market orders will be charged per share rates; Professional traders to use the per share fee structure; Flat fee trading available on web-based trading and mobile applications.
In June 2009, TD AMERITRADE Holding Corporation (NASDAQ: AMTD) acquired thinkorswim Group Inc.
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