TrustRadius Insights
Users have reported that Thinkorswim makes it incredibly easy to place orders, surpassing other trading platforms in terms of …
Overview
What is thinkorswim?
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…
Recent Reviews
Pricing
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What is thinkorswim?
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…
Entry-level set up fee?
- No setup fee
For the latest information on pricing, visithttps://www.tdameritrade.com/pricing.ht…
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
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Product Demos
Thinkorswim Options Tab Demo
YouTube
Thinkorswim.com - how to enter a forex trade
YouTube
Thinkorswim Demo platform .mp4
YouTube
Como abrir paso a paso tu CUENTA DEMO en el broker ThinkorSwim
YouTube
ThinkorSwim Mobile App Tutorial for Beginners 2023 |Step-by-Step Guide to Trade on TOS Mobile
YouTube
Trading Futures on the thinkorswim Mobile App
YouTube
Product Details
- About
- Competitors
- Tech Details
What is thinkorswim?
thinkorswim Competitors
- Trading Technologies TT Platform
- MetaTrader 4
- IEX
thinkorswim Technical Details
| Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Unspecified |
| Mobile Application | No |
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Reviews and Ratings
(4)
Community Insights
TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!
- Business Problems Solved
- Pros
- Cons
- Recommendations
Users have reported that Thinkorswim makes it incredibly easy to place orders, surpassing other trading platforms in terms of user-friendliness. One of its standout features is the ability for users to access real-time financial market data, ensuring they are always up-to-date with market trends. Furthermore, Thinkorswim has gained popularity for consistently filling positions promptly, which is highly valued by traders for executing trades swiftly and efficiently. However, some users have expressed their dissatisfaction with the outdated UI/UX of the platform, considering it a detracting factor in their user experience. Despite this drawback, many users still rely on Thinkorswim for their regular trading activities on a weekly or monthly basis and commend its risk profile illustrations for each trade. The charting feature of Thinkorswim receives exceptional praise as it allows users to draw lines, add features, and incorporate indicators to enhance trading profitability. These numerous trading and investment tools cater to diverse user needs. Its centralization of market monitoring, strategic planning, and order execution makes it an indispensable tool for many traders. Additionally, Thinkorswim actively educates its users about investing in the stock market through web resources and live seminars. In general, users perceive Thinkorswim as a beneficial and well-designed platform for their investments through TD Ameritrade.
Excellent Trading Platform: Thinkorswim is consistently praised by users as an excellent trading platform that offers all the necessary functionality for trading. Many reviewers have expressed their satisfaction with the platform's comprehensive set of tools and features, making it a powerful tool for analyzing and applying trading strategies.
User-Friendly Interface: The user interface of Thinkorswim is highly regarded for its great design and ease of use. Numerous users have commented on how intuitive and convenient the interface is, even for novice traders. This positive sentiment reflects the platform's success in providing a user-friendly experience to its customers.
Wide Range of Trading Tools: Users appreciate the wide selection of trading tools available in Thinkorswim, which enhances their ability to analyze and apply various trading strategies. From scanners and heat maps to company profile tools and access to third-party research, this platform has everything that advanced traders would want. This aspect has been mentioned by many reviewers as a major advantage of using Thinkorswim.
API Improvement Needed: Some users have expressed disappointment with Thinkorswim's API, stating that it needs improvement and the data fetched from the API is not clean. They suggest that Thinkorswim should make enhancements to their API functionality.
Overwhelming Platform: Several reviewers find the platform overwhelming and complicated to use, mentioning that there are too many tools and a steep learning curve. This can be off-putting for new users who may prefer a simpler interface.
Complex User Interface: The user interface of Thinkorswim has been described as complex and not intuitive, requiring patience to navigate and find the necessary functions. Users feel that it would benefit from a more streamlined design to improve user experience.
Users have provided some recommendations based on their experiences with the software. The three most common recommendations are:
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Some users suggest using a more streamlined platform or the company's standard web trading platform instead of the overwhelming platform.
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Users highly recommend the software as a great tool for getting started, especially for those with experience investing.
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Users advise signing up for a free paper money account to test trading before diving into live trading.
In summary, users commonly recommend exploring alternative platforms, highlighting the software's benefits for beginners, and suggesting a paper money account for practice before live trading.
Reviews
(1-1 of 1)Companies can't remove reviews or game the system. Here's why
January 13, 2022
A Green Ticket to Fly Straight to the Moon
The biggest help that TD Ameritrade's thinkorswim provides is the ability to test out investment strategies without the risk of losing real money. Also, this can be a great teaching tool for a novice who is just getting into stock trading. Although the UI can be intimidating at first, it only takes a few days before being comfortable with the program. TD Ameritrade's thinkorswim allows for a range of trading strategies such as simple buy or sell of shares to more complex option trading methods.
- Ease of use
- Learning tool without risk
- Wide range of trading strategies
- Generous free trial period
- UI look can be intimidating to new users, especially those who have no experience in the stock market.
- The trial period could be a bit longer to help understand certain trading strategies, 90 days could be a sweet spot.
- The addition of hints within the program could help new users.
- Mobile app is easy to use.
- The use of paper money opportunity to be used by beginners.
- Merging with Charles Schwab provides peace of mind.
- No negative impacts so far, the use of paper money through thinkorswim helps lower risk of negative results.
- A positive impact is the use of thinkorswim through the web, desktop, or mobile device.
- To reiterate from before, thinkorswim is invaluable help to a business or person learn about the stock market without any risk of losing and be confident about their skills prior to using real money.
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].