Software Reviews

by Dave

Wed 01st Oct '14

Thinkorswim offers one of the better trading platforms on the market right now. It's well designed, intuitive and customizable. Entering and executing orders is fast. It has many advanced features which only experienced traders will truly appreciate. Charts are second to none - everything you might want is included. The company provides live CNBC news, a scan tool for finding stocks that meet certain criteria, and a watch page that keeps track of things like dividend dates and stock splits, as well as spread / stock hacker tool.

One of the finest features of Thinkorswim is their Analysis tab. It allows you to instantly view an active risk graph that will exactly show the most probable look of any trade setup. In addition to this, it will also instantly show the latest risk graph for any planned adjustments to the current trades you might want to make. Thinkorswim (TOS) charges higher than average commissions on stocks and ETFs. But there are no surcharges - the same rate applies to all trades, including penny stocks, extended hours orders, pink sheet stocks and large orders (whereas most online brokers levy one or more of these additional charges). TOS is known for great customer service and its versatile, powerful, customizable trading platform. The firm offers an impressive range of investments for clients to choose from, including access to forex and futures trading.





I am comparing thinkorswim and tradestation and hands down thinkorswim smashes it in terms of the software itself and customer service. Customer service is a major factor for me and the people i've talked with at thinkorswim seem soooo much more knowledgeable. I've talked with people at tradestation RE billing issues and I was left very disappointed and angry at their rudeness. I highly recommend thinkorswim.




The customer support really is top notch, no need to phone up and press some numbers and wait on hold, instant messaging on website or email which is perfect for me. The system is awesome, takes a little bit of time to figure out all the buttons and what is useful and what isnt, as a stock man i dont use the software to its full capabilities but still cool to see and play around with.




I used thinkorswim for a while and enjoyed how advanced the system was. They sent me a stuffed animal camel which was cool. But the one thing I really did not like about them was the price per trade with the broker. my portfolio was pretty small and the $20 per trade was a massive hit for me. When i have a lot more money to play with i think i'll probably be coming back to them.

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