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A Green Ticket to Fly Straight to the Moon
January 13, 2022

A Green Ticket to Fly Straight to the Moon

Anonymous | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with thinkorswim

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].

Do you think thinkorswim delivers good value for the price?

Yes

Are you happy with thinkorswim's feature set?

Yes

Did thinkorswim live up to sales and marketing promises?

Yes

Did implementation of thinkorswim go as expected?

Yes

Would you buy thinkorswim again?

Yes

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.