Binance vs. thinkorswim

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Binance
Score 8.4 out of 10
N/A
Binance is a global blockchain and cryptocurrency infrastructure provider with a financial product suite that boasts the largest digital asset exchange by volume.N/A
thinkorswim
Score 9.0 out of 10
N/A
Thinkorswim, with its Investools division, is an American company offering live and online investor education services. In addition, through its brokerage subsidiary, thinkorswim, Inc., Investools provides services to funded trading accounts for self-directed option traders and institutional users who invest in equities, exchange-traded funds, futures, mutual funds and bonds.N/A
Pricing
Binancethinkorswim
Editions & Modules
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Offerings
Pricing Offerings
Binancethinkorswim
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details$0.00 commissions. No platform fees. No data fees. No trade minimums. Online---$0.00-- Interactive Voice Response (IVR) Phone System-$5.00-- Broker-assisted-$25.00
More Pricing Information
Community Pulse
Binancethinkorswim
Top Pros
Top Cons
Best Alternatives
Binancethinkorswim
Small Businesses
Coinbase
Coinbase
Score 8.0 out of 10
Coinbase
Coinbase
Score 8.0 out of 10
Medium-sized Companies
Coinbase
Coinbase
Score 8.0 out of 10
Coinbase
Coinbase
Score 8.0 out of 10
Enterprises

No answers on this topic

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User Ratings
Binancethinkorswim
Likelihood to Recommend
8.1
(12 ratings)
9.1
(3 ratings)
User Testimonials
Binancethinkorswim
Likelihood to Recommend
Binance
If you are into crypto, it is definitely a platform that needs to be used for your business if you want to adapt to a modern-day solution. Especially with a lot of exchanges platform or crypto platforms around, I do think it's a good idea to find one that is highly regulated and well known in the industry. That's why Binance is a go too platform.
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thinkorswim
I would not hesitate to recommend thinkorswim to someone who wants to get into the stock market. The opportunity to use "paper money" can help beginners learn the fundamentals of trading without any risk. Although the trial period is only 60 days, [that's a] good amount of time for new users to learn enough before venturing out into the real world. Adding to the positives, thinkorswim mobile app is superb and a great way to keep up with your portfolio on the go.
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Pros
Binance
  • Has the best data, tables and choices of all platforms out there.
  • Best charges / prices with quick transfers of currency from fiat banks to Binance
  • Best selection of currencies
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thinkorswim
  • Day Trading
  • Swing Trading
  • Long term Investment
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Cons
Binance
  • You have to login every time you use it due to security concerns.
  • The fees and charges are not clear sometimes
  • Make sure you go through the terms carefully before using any platform.
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thinkorswim
  • Offering more streaming platforms, like bloomberg for example or Fox Business.
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Alternatives Considered
Binance
We found that Binance has a better fee structure. We also found Binance to be much easier to use. I have a little bit of experience in the trading space, but it was essential to have an easy-to-use platform for inexperienced employees to use while keeping up with new technology.
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thinkorswim
I have personally used Charles Schwab mobile app and online page for about 3 years and have been thoroughly satisfied. Before TD Ameritrade and Charles Schwab merged, I had used thinkorswim for the 60-day paper money trial before using my real money on investments. I confidently believe the time I've spent on thinkorswim has helped me mitigate any big losses in my investments. As for robinhood, the mobile app is a lot better for beginners to understand and the UI can be described as more aesthetically pleasing. thinkorswim triumphs in many other aspects [as well] such as being backed up by TD Ameritrade and Charles Schwab and the plethora of knowledge [a user can access].
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Return on Investment
Binance
  • It gave good opportunity for investment which resulted in good ROI
  • It's better than Indian Exchanges as the manipulation is high there
  • It's the best platform to check the actual prices of coins as other applications nowadays are fluctuating in prices
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thinkorswim
  • Easy to place orders
  • Easy to analyse stocks
  • Easy to check over all portfolio
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