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.	$0

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
Considered Both Products	thinkorswim Sunil Agarwal Technical Lead - SRE Chose thinkorswim I have used Robinhood in past, but it didn't find poerful charting feature in robinhood hence it very difficult to analyze the stocks. but Thinkorswim has great charting platform which help user to analyze the stocks in easy way to make the trading decisions. Also, It provide … Incentivized Helpful? John E. Miller, MBA Managing Partner Chose thinkorswim Both are pretty good; Schwab seeks out a little for other reasons. Like custodianship and service. But soon it's not going to matter as both firms are set to become one pretty soon. Incentivized Helpful? Verified User Anonymous Chose 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 … Incentivized Helpful?	TradeStation No answer on this topic

Best Alternatives
	thinkorswim	TradeStation
Small Businesses	Coinbase Score 9.0 out of 10	Coinbase Score 9.0 out of 10
Medium-sized Companies	Coinbase Score 9.0 out of 10	Coinbase Score 9.0 out of 10
Enterprises	No answers on this topic	No answers on this topic
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User Ratings
	thinkorswim	TradeStation
Likelihood to Recommend	9.1 (0 ratings)	- (0 ratings)

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