Interactive Brokers vs. thinkorswim

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Interactive Brokers
Score 10.0 out of 10
N/A
Interactive Brokers helps Investors globally in stocks, options, futures, currencies, bonds and funds from a single integrated account . Accounts can be funded in multiple currencies and trade assets denominated in multiple currencies. with access market data 24 hours a day and six days a week.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
Interactive Brokersthinkorswim
Editions & Modules
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Offerings
Pricing Offerings
Interactive Brokersthinkorswim
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional DetailsInteractive Brokers offers different pricing structures for Commissions, Margin and Interest Rates accounts, Market Data and Broker Fees.$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
Interactive Brokersthinkorswim
Considered Both Products
Interactive Brokers
Chose Interactive Brokers
Reliable connection, fast interface, rapid data updates, lower comission costs that is all features coinsided at one place for Interactive Brokers trader workstation. Even account types offering is wider to include also trading group accounts not only retail, IRA 401. …
thinkorswim

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Top Pros

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Top Cons

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Best Alternatives
Interactive Brokersthinkorswim
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

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All AlternativesView all alternativesView all alternatives
User Ratings
Interactive Brokersthinkorswim
Likelihood to Recommend
10.0
(1 ratings)
9.1
(3 ratings)
Likelihood to Renew
10.0
(1 ratings)
-
(0 ratings)
User Testimonials
Interactive Brokersthinkorswim
Likelihood to Recommend
Interactive Brokers
Interactive Brokers is appropriate for retail equity investing and pension accounts holding - totally appropriate. Institutional accounts and proprietary trading group accounts - appropriate for those managing risks themselves because there is no automatic or supervised control and you trade at your own discretion. Not appropriate - is you look for crypto trading with instruments not accepted by regulator authorities as featured instruments with acceptable risk, to make sustainable and regulated investments with the main aim to preserve capital. All not regulated instruments are not appropriate and it is good and professional.
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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
Interactive Brokers
  • Large financial instruments are available for trading - options, forex, derivatives, USTs
  • All main international exchanges are available to allocate
  • Fast and stable user interface
  • Fast connectivity
  • Python and Java API
  • Applications from Vendors
  • Data feed on demand could be added
  • Fast funds transfers and account set up
  • Supported all types of account: retail, trading group, retirenment, institutional
  • Fast quotes update without viable delay even for retail
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thinkorswim
  • Day Trading
  • Swing Trading
  • Long term Investment
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Cons
Interactive Brokers
  • Simplification of design (classic multy window to plain colorful palette Z-focused)
  • Choise of routes for order flow with clear comission cost
  • International bonds inclusion
  • Consider offering of CDS derivatives for ICE products
  • ESG selection - CO2 allowances instruments
  • Crypto wallets as a cource of margin connectivity are interesting for hybryd account
  • Sponsorship for FINRA licenses for non-institutional customers
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thinkorswim
  • Offering more streaming platforms, like bloomberg for example or Fox Business.
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Likelihood to Renew
Interactive Brokers
We use it and do not plan to switch. It fits all our current needs.
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thinkorswim
No answers on this topic
Alternatives Considered
Interactive Brokers
Reliable connection, fast interface, rapid data updates, lower comission costs that is all features coinsided at one place for Interactive Brokers trader workstation. Even account types offering is wider to include also trading group accounts not only retail, IRA 401. Interactive Brokers makes easy to enter the prop business or serve large family office needs as an adviser or discretionary mandate trader (EU)
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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
Interactive Brokers
  • Scalability - easy managed exposure of any size
  • ROI is sustainable, no exponencial growth but we get what is expected, not less SP500 return + KPI %
  • Comission flow is very low as compared to 3 - 4 years before the date
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thinkorswim
  • Easy to place orders
  • Easy to analyse stocks
  • Easy to check over all portfolio
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