thinkorswim Review: Is It The Right Brokerage Trading Platforms Software For Your Team?
Best for SMB teams · Mid-market · Enterprise
thinkorswim offers custom pricing plan
Overview
Pricing
Features
Buyer feedback
Alternatives
Media
Security & Compliance
Support
FAQ
Blogs
What is thinkorswim?
Introducing thinkorswim – the ultimate trading platform designed for action-driven traders. This newly launched web version is the culmination of extensive user feedback, offering a seamless trading experience without the need for downloads. Derived from the renowned thinkorswim desktop suite, this streamlined platform brings the essential trading tools right to your fingertips, enhancing accessibility and simplicity for traders of all levels. Backed by TD Ameritrade's unwavering support and acclaimed educational resources, thinkorswim empowers you with the knowledge and tools needed to elevate your trading game. Whether you're a seasoned trader or just starting out, thinkorswim equips you with the necessary arsenal to make informed decisions and execute trades with confidence. Experience a smarter and more effective approach to trading with thinkorswim – where action meets innovation in a user-friendly environment tailored to your success.
Pricing
thinkorswim offers custom pricing plan
Best For
Suited for solo users, small teams, SMBs, and enterprise
Security & Compliance
Multi-Factor Authentication (MFA)
Data residency:🇺🇸
Platform
Browser Based (Cloud)
Desktop only — no mobile app
thinkorswim Software Demo
thinkorswim was reviewed internally using user feedback, in-house testing, and market research to assess its performance, reliability, and user experience. Learn how we review products and our evaluation process.
Who should consider thinkorswim
- Use cases
- Finance and Stock Trading, Investment Firms and Hedge Funds, Wealth Management and Fintech Professionals
- Team types
- Day Traders, Swing Traders
- Company size
- Small Business, Medium Business
- Workflow style
- Flexible and configurable
- Setup complexity
- Medium
Why teams choose thinkorswim
Comprehensive trading functionality supporting multiple asset classes and trading styles
Real-time market data across equities, forex, futures, bonds, and currencies
Advanced charting tools with customizable indicators and drawing features
Is thinkorswim right for you?
Best for experienced traders needing advanced multi-asset trading tools and real-time data.
Choose thinkorswim if
- You require comprehensive trading across equities, forex, futures, bonds, and currencies.
- You want advanced charting with customizable indicators and drawing tools.
- You value thinkScript for custom automated trading strategies and paper trading features.
Consider alternatives if
- You are a beginner trader without prior experience due to the steep learning curve.
- You need extensive third-party app integrations beyond the limited Marketplace offerings.
What buyers should know before shortlisting thinkorswim
Thinkorswim has garnered significant praise in the past 12 months as a top-tier trading platform, with users highlighting various strengths that set it apart from competitors. Users appreciate the broad range of financial market data available in real-time, covering equities, forex, futures, and more, making it a versatile tool for traders of all levels.
The platform's intuitive user interface and robust charting capabilities have been commended for their efficiency and ease of use, especially for analyzing and executing trades seamlessly. Additionally, Thinkorswim stands out for its comprehensive tools and features, catering to both novice investors and experienced traders.
While some users find the platform overwhelming due to its extensive array of features, the majority view this as a testament to its depth and versatility. The ability to customize charts, create personalized alerts, and access in-depth research tools have been highlighted as key advantages.
Despite a potential learning curve, Thinkorswim offers extensive support resources to guide users through the platform, ensuring a smooth trading experience. Overall, Thinkorswim's combination of advanced functionalities, customization options, and reliable performance make it a highly recommended choice for traders seeking a comprehensive trading platform.
thinkorswim pros and cons
- thinkorswim pros
Comprehensive trading functionality supporting multiple asset classes and trading styles
Real-time market data across equities, forex, futures, bonds, and currencies
Advanced charting tools with customizable indicators and drawing features
- thinkorswim cons
Steep learning curve especially for beginners due to advanced features
Limited Marketplace apps and connectors restricting some advanced functionalities
Ready to try it?
Get started with thinkorswim
Connect with the team for a personalised demo.
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See how it stacks up
Compare thinkorswim side-by-side with top Brokerage Trading Platforms Software alternatives.
What is the pricing of thinkorswim?
thinkorswim uses custom pricing — plans are tailored to your team size and needs. Contact them for a quote.
thinkorswim reviews and ratings
Buyer sentiment
Overall positive sentiment highlights thinkorswim’s powerful trading tools and real-time data, tempered by concerns over its complexity for new users.
What buyers like
- Comprehensive trading features
- Real-time market data
- Advanced charting capabilities
Common complaints
- Steep learning curve
- Limited third-party integrations
What users are saying
PB
Priyaranjan B
12/14/22
"Overall review of thinkorswim"
What do you like best about thinkorswim? Thinkorswim software is a truly excellent trading platform. This offers all of the functionality needed for ...
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AU
Anonymous User
11/30/22
"Great software for the financial markets"
What do you like best about thinkorswim? They have a great UI and a wide selection of pricing data for the financial markets. These include equities, ...
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TU
Turbold U
09/04/22
"thinkorswim"
What do you like best about thinkorswim? The best Stock trading platform is ever. And mobile version is nice. What do you dislike about thinkorswim?
MS
Matt S
12/23/21
"TOS review- decent but very advanced"
What do you like best about thinkorswim? How efficient the platform is. There are many different tools to use for trading What do you dislike about ...
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AU
Anonymous User
10/19/21
"Overwhelming pile of bells and whistles - that's difficult to use."
What do you like best about thinkorswim? It's connected directly to my accounts.. What do you dislike about thinkorswim?
AU
Anonymous User
09/27/21
"Worthy for Option Trading"
What do you like best about thinkorswim? Thinkofswim is the most powerful trading platform I ever used, and it allows you to analyze trading, apply ...
Read more
What are the features of thinkorswim?
thinkorswim is highly customizable, letting users tailor layouts, charts, indicators, watchlists, and alerts to their preferences. This flex…
The platform provides tools to track account balances, buying power, margin usage, and cash positions in real time. Traders can monitor port…
The platform allows continuous monitoring of investments with real-time quotes, alerts, charts, and news feeds. Traders can track portfolio…
thinkorswim includes a comprehensive knowledge base with tutorials, documentation, videos, and educational resources. These materials help u…
thinkorswim offers advanced order management tools that let traders place, modify, and manage trades across stocks, options, futures, and fo…
The platform provides detailed profit and loss analysis for individual trades and entire portfolios. Traders can view realized and unrealize…
thinkorswim enables real-time status tracking for open orders, filled trades, pending executions, and account activity. Traders can quickly…
thinkorswim supports strategic management by combining analytics, execution tools, and risk controls in one platform. Traders can oversee mu…
thinkorswim supports strategic planning by allowing traders to simulate scenarios, test strategies, and analyze potential outcomes before co…
thinkorswim offers a wide range of built-in trend indicators, including moving averages, momentum indicators, and custom studies. These tool…
thinkorswim security and data handling
Key compliance certifications and security features for IT and security teams evaluating thinkorswim.
Certifications
Security features
Developer & data
Alternatives to thinkorswim
Why buyers keep looking beyond thinkorswim
Some users might choose alternatives for lighter platform performance, especially if they prefer web-based trading with less system resource usage.
Some traders might choose alternatives offering crypto trading or a wider asset class selection beyond traditional markets and derivatives.
Some users might choose alternatives if they require lower latency execution for high-frequency or professional institutional trading environments.
Some traders might choose alternatives for a simpler, more beginner-friendly trading interface without a steep learning curve.
thinkorswim Support Options
Frequently Asked Questions About thinkorswim
Common questions buyers ask before choosing thinkorswim.
thinkorswim is a Brokerage Trading Platforms Software. thinkorswim offers Financial Management, Order Management, Profitability Analysis, Strategic Planning, Status Tracking and many more functionalities.
thinkorswim is a strong fit if: You require comprehensive trading across equities, forex, futures, bonds, and currencies.; You want advanced charting with customizable indicators and drawing tools.. Consider alternatives if: You are a beginner trader without prior experience due to the steep learning curve.; You need extensive third-party app integrations beyond the limited Marketplace offerings..
Buyers commonly note the following limitations of thinkorswim: Steep learning curve especially for beginners due to advanced features; Limited Marketplace apps and connectors restricting some advanced functionalities; Complexity in tool usage requiring guidance or support.
Some top alternatives to thinkorswim includes Morphlin, Active Trader Pro, eToro, TCS BaNCS and TradingView.
thinkorswim offers Quotation Based pricing model
The starting price is not disclosed by thinkorswim. You can visit thinkorswim pricing page to get the latest pricing.
Ready to try it?
Get started with thinkorswim
Get connected with the team for a personalised demo.
Disclaimer: This research has been collated from a variety of authoritative sources. We welcome your feedback at [email protected].