robinhood vs. thinkorswim

robinhood

thinkorswim

Overview
Product	Rating	Most Used By	Product Summary	Starting Price
robinhood	Score 10.0 out of 10	N/A	Robinhood provides trading in stocks, ETFs and options is offered through Robinhood Financial LLC, member SIPC (sipc.org). Cryptocurrency trading is offered through Robinhood Crypto, LLC. Robinhood Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services and is not a member of FINRA or SIPC. Cryptocurrencies are not stocks and your cryptocurrency investments are not products protected by either FDIC or SIPC.	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

robinhood

thinkorswim

Editions & Modules

No answers on this topic

Offerings

Pricing Offerings
robinhood	thinkorswim
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 on commissions--- pricing PDF schedule online.

$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
	robinhood	thinkorswim

Best Alternatives
	robinhood	thinkorswim
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
All Alternatives	View all alternatives	View all alternatives

User Ratings
	robinhood	thinkorswim
Likelihood to Recommend	10.0 (0 ratings)	9.1 (0 ratings)

User Testimonials
	robinhood	thinkorswim
Likelihood to Recommend	robinhood has been great for me as a first time investor using "play money" outside of my main 401K and retirement. It has options for purchasing partial shares, which means you don't have to purchase a full, even share in order to invest. I love to option to buy and sell crypto so easily. Crypto prices move quickly. I can set alerts when I want to get in and for when I want to get out. The availability of index funds also balance it well. I like reading the articles and morningstar ratings that provide direction on market sentiment, fair value and quick earnings results. Incentivized Verified User Anonymous Read full review	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
Pros	No answers on this topic	Day Trading Swing Trading Long term Investment Incentivized 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. Incentivized 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]. Incentivized 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. Incentivized Verified User Anonymous Read full review
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