TrustRadius: an HG Insights company

Save this comparison

Save this comparison

Add Product

Recommended Comparisons

    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    thinkorswim

    Score9 out of 10
    N/AThinkorswim, 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

    TradeStation

    Score10 out of 10
    N/ATradeStation, from the company in Plantation, enables users to Trade Stocks, ETFs, Crypto, Options, and Futures. From South Florida to Tokyo, Texas to Hong Kong, London to Chicago, and New York to Costa Rica, TradeStation and its affiliated companies are pursuing a singular vision: to build the ultimate online trading firm for serious self-directed traders and investors, leveraging leading-edge technologies to create the world’s most advanced trading tools and global technology infrastructure.

    $5

    Commission per trade for non-US residents

    Pricing
    thinkorswimTradeStation
    Editions & Modules
    No answers on this topic
    United States - Stocks & ETFS
    $0 Commission
    United States - Stocks Options
    $0 Commission
    + $0.60 per contract
    Non-US Residents - Stocks & ETFs
    $5 Commission per trade
    Non-US Residents - Stock Options
    $5 Commission per trade
    + $0.60 per contract
    United States - Funding Requirements
    No Minimum
    United States - Web Trading
    Free
    United States - TradeStation Desktop
    Free
    United States - Mobile Apps
    Free
    Non-US Residents - Mobile Apps
    Free
    Non-US Residents - TradeStation Desktop
    Free
    Non-US Residents - Web Trading
    Free
    Non-US Residents - Funding Requiremtns
    No Minimum
    Offerings
    Pricing Offerings
    thinkorswimTradeStation
    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
    Best Alternatives
    thinkorswimTradeStation
    Small Businesses
    Coinbase
    Score7.2 out of 10
    Coinbase
    Score7.2 out of 10
    Medium-sized Companies
    Coinbase
    Score7.2 out of 10
    Coinbase
    Score7.2 out of 10
    Enterprises
    No answers on this topic
    No answers on this topic
    All AlternativesView all alternativesView all alternatives
    User Ratings
    thinkorswimTradeStation
    Likelihood to Recommend
    9.1
    (3 ratings)
    -
    (0 ratings)
    User Testimonials
    thinkorswimTradeStation
    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.
    Incentivized
    Read full review
    TradeStation
    No answers on this topic
    Pros
    thinkorswim
    • Day Trading
    • Swing Trading
    • Long term Investment
    Incentivized
    Read full review
    TradeStation
    No answers on this topic
    Cons
    thinkorswim
    • Offering more streaming platforms, like bloomberg for example or Fox Business.
    Incentivized
    Read full review
    TradeStation
    No answers on this topic
    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].
    Incentivized
    Read full review
    TradeStation
    No answers on this topic
    Return on Investment
    thinkorswim
    • Easy to place orders
    • Easy to analyse stocks
    • Easy to check over all portfolio
    Incentivized
    Read full review
    TradeStation
    No answers on this topic
    ScreenShots