MetaTrader 5 vs. thinkorswim

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
MetaTrader 5
Score 9.0 out of 10
N/A
Henyep Capital Markets (HYCM) & MetaTrade are FCA and CySEC-regulated market leader in providing online FX and CFD trading to retail and institutional investors. HYCM is part of the Henyep Group, an international conglomerate with business in financial services, property, education and charity spanning 20 countries across 3 continents.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
MetaTrader 5thinkorswim
Editions & Modules
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Offerings
Pricing Offerings
MetaTrader 5thinkorswim
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional DetailsFixed---Fixed Spreads from 1.8 pips ("percentage in point")----No Commission/ Classic--Variable Spreads from 1.2 pips (percentage in point)--No Commission/ Raw--Raw Spreads from 0.2pips (percentage in point) + $4 per round/$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
MetaTrader 5thinkorswim
Top Pros
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MetaTrader 5thinkorswim
Small Businesses
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Coinbase
Score 8.0 out of 10
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Coinbase
Score 8.0 out of 10
Medium-sized Companies
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Coinbase
Score 8.0 out of 10
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Coinbase
Score 8.0 out of 10
Enterprises

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User Ratings
MetaTrader 5thinkorswim
Likelihood to Recommend
8.4
(2 ratings)
9.1
(3 ratings)
User Testimonials
MetaTrader 5thinkorswim
Likelihood to Recommend
HYCM MetaTrader 5
1. it is best suited in terms of algorithmic trading, where it helps in better understanding with time intervals and easy-to-use UI . Best for forex trading. 2. Security feature is not well trusted. anyone can join, anyone can fake with screenshots and pics and can show the fake profits which are breaking the trust. There must be a system to not support these activities.
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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
HYCM MetaTrader 5
  • forex trading
  • analysis and charts with better time intervals
  • better user interface
  • trading based on AI and algorithms
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thinkorswim
  • Day Trading
  • Swing Trading
  • Long term Investment
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Cons
HYCM MetaTrader 5
  • support can be better
  • reachability is troublesome due to heavy user base
  • security is the biggest issue and lacks trust
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thinkorswim
  • Offering more streaming platforms, like bloomberg for example or Fox Business.
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Alternatives Considered
HYCM MetaTrader 5
1. Better in terms of investor accounting and investor reporting management. 2. Easy to use and setup and better in terms of decision making with algorithmic charts. 3. Better in terms of pricing overall a good and well recommended product to use for all sorts of trading and forex, hedge etc.
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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
HYCM MetaTrader 5
  • Gives awesome ROI on my trading and Investing Portfolio
  • Very good Client Support
  • Have Awesome Integration with Different trading Platforms, Dow Jones, and Different Markets
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thinkorswim
  • Easy to place orders
  • Easy to analyse stocks
  • Easy to check over all portfolio
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