thinkorswim vs. TradeStation

thinkorswim

TradeStation

Overview
Product	Rating	Most Used By	Product Summary	Starting 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
TradeStation	Score 10.0 out of 10	N/A	TradeStation, 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

thinkorswim

TradeStation

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
thinkorswim	TradeStation
Free Trial
No	No
Free/Freemium Version
No	No
Premium Consulting/Integration Services
No	No

Entry-level Setup Fee

No 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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More Pricing Information

Community Pulse
	thinkorswim	TradeStation

Best Alternatives
	thinkorswim	TradeStation
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User Ratings
	thinkorswim	TradeStation
Likelihood to Recommend	9.1 (3 ratings)	- (0 ratings)

User Testimonials
	thinkorswim	TradeStation
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 Verified User Anonymous Read full review	TradeStation No answers on this topic
Pros	thinkorswim Day Trading Swing Trading Long term Investment Incentivized Sunil Agarwal Technical Lead - SRE Read full review	TradeStation No answers on this topic
Cons	thinkorswim Offering more streaming platforms, like bloomberg for example or Fox Business. Incentivized John Miller Managing Partner 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 Verified User Anonymous 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 Sunil Agarwal Technical Lead - SRE Read full review	TradeStation No answers on this topic
ScreenShots