thinkorswim

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
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
thinkorswim
Editions & Modules
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Offerings
Pricing Offerings
thinkorswim
Free Trial
No
Free/Freemium Version
No
Premium Consulting/Integration Services
No
Entry-level 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
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Community Pulse
thinkorswim
Considered Both Products
thinkorswim
Chose thinkorswim
I have used robinhood in past, but it didn't find poerful charting feature in robinhood hence it very difficult to analyze the stocks. but Thinkorswim has great charting platform which help user to analyze the stocks in easy way to make the trading decisions. Also, It provide …
Chose thinkorswim
Both are pretty good; Schwab seeks out a little for other reasons. Like custodianship and service. But soon it's not going to matter as both firms are set to become one pretty soon.
Chose 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 …
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Best Alternatives
thinkorswim
Small Businesses
Coinbase
Coinbase
Score 8.0 out of 10
Medium-sized Companies
Coinbase
Coinbase
Score 8.0 out of 10
Enterprises

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User Ratings
thinkorswim
Likelihood to Recommend
9.1
(3 ratings)
User Testimonials
thinkorswim
Likelihood to Recommend
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
thinkorswim
  • Day Trading
  • Swing Trading
  • Long term Investment
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Cons
thinkorswim
  • Offering more streaming platforms, like bloomberg for example or Fox Business.
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Alternatives Considered
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
thinkorswim
  • Easy to place orders
  • Easy to analyse stocks
  • Easy to check over all portfolio
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