TrustRadius

Schwab.com vs. thinkorswim

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Schwab.com
Score 8.0 out of 10
N/A
The Charles Schwab Corporation provides a range of brokerage, banking and financial advisory services through its operating subsidiaries. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC), and its affiliates offer investment services and products. Schwab.com is an online trading platform that helps research, execute, and manage trades.N/A
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
Schwab.comthinkorswim
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Schwab.comthinkorswim
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details$0-Stocks and ETFs online commission $0-Options online base commission + $0.65 per contract fee $0-Mutual Funds on thousands of funds from Schwab Mutual Fund OneSource$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
Community Pulse
Schwab.comthinkorswim
User Ratings
Schwab.comthinkorswim
Likelihood to Recommend
-
(0 ratings)
9.1
(0 ratings)
User Testimonials
Schwab.comthinkorswim
Likelihood to Recommend
No answers on this topic
I think this site does a great job in providing the information that any day trader, market timer, or long-term investor. I think that it is useful to all types of people who would take the time to understand it. Now it could be extremely overwhelming to a novice or someone who has difficulty understanding ding financial concepts, but to those that are willing it's a great platform.
John Miller | TrustRadius Reviewer
John Miller
Managing Partner
Read full review
Pros
No answers on this topic
  • Day Trading
  • Swing Trading
  • Long term Investment
Sunil Agarwal | TrustRadius Reviewer
Sunil Agarwal
Technical Lead - SRE
Read full review
Cons
No answers on this topic
  • Offering more streaming platforms, like bloomberg for example or Fox Business.
John Miller | TrustRadius Reviewer
John Miller
Managing Partner
Read full review
Alternatives Considered
No answers on this topic
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].
Verified User
Anonymous
Read full review
Return on Investment
No answers on this topic
  • 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.
Verified User
Anonymous
Read full review
ScreenShots