thinkorswim

Score9 out of 10

4 Reviews and Ratings

Community insights

TrustRadius Insights for thinkorswim are summaries of user sentiment data from TrustRadius reviews and, when necessary, third party data sources.

Pros

Excellent Trading Platform: Thinkorswim is consistently praised by users as an excellent trading platform that offers all the necessary functionality for trading. Many reviewers have expressed their satisfaction with the platform's comprehensive set of tools and features, making it a powerful tool for analyzing and applying trading strategies.

User-Friendly Interface: The user interface of Thinkorswim is highly regarded for its great design and ease of use. Numerous users have commented on how intuitive and convenient the interface is, even for novice traders. This positive sentiment reflects the platform's success in providing a user-friendly experience to its customers.

Wide Range of Trading Tools: Users appreciate the wide selection of trading tools available in Thinkorswim, which enhances their ability to analyze and apply various trading strategies. From scanners and heat maps to company profile tools and access to third-party research, this platform has everything that advanced traders would want. This aspect has been mentioned by many reviewers as a major advantage of using Thinkorswim.

Reviews

3 Reviews

The best Trading Software, Must to have Tool in Trading and Investing toolbox

Rating: 9 out of 10

Incentivized

July 28, 2022

Use Cases and Deployment Scope

Thinkorswim is really a great platform for trading. This provide all the features which are required for trading. The charting and Alerting feature is so powerful here. This platform can be used for all type of trading , Day trading , Swing Trading and Long term investments. I have used various platform but this one of the best platform so far. Thinkorswim UI is so powerful and use friendly.

Pros

Day Trading
Swing Trading
Long term Investment

Cons

Provide REST APIs for the developer.
Platform keep crashing and this can be improved.
Provide a journal Feature to evaluate the performance of trading

Likelihood to Recommend

Thinkorswim is best suited for day trading, Swing Trading and Long term investment. Its very easy to generate chart. Various type of analysis can be perfoemd using this product. On top of that, It provide easy way to setup alerts. It provide capability for place various type of order like OCI order, Bracket order which is missing in other platforms. This is very less suited for creating Trading Journal as this doesn't provide those features.

Sunil Agarwal

Technical Lead - SRE in Engineering at Macy's (501-1000 employees)

Vetted Review

5 years of experience

View profile

It's a useful platform

Rating: 9 out of 10

Incentivized

July 26, 2022

Use Cases and Deployment Scope

We use it primarily to help us navigate the investment markets in real-time. We use the streaming quotes and charts, but also the live feed of CNBC during market hours. In particular, the chart setup with the upper and lower studies uses MACD, Bollinger bands, and the moving averages.

Pros

The appearance of the platform.
The customization of the platform.
The news feed.
The ability to customize or link the windows with others.

Cons

Offering more streaming platforms, like bloomberg for example or Fox Business.

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.

John E. Miller, MBA

Managing Partner in Corporate at Provident Capital Group LP (1-10 employees)

Vetted Review

7 years of experience

View profile

A Green Ticket to Fly Straight to the Moon

Rating: 10 out of 10

Incentivized

January 13, 2022

Use Cases and Deployment Scope

The biggest help that TD Ameritrade's thinkorswim provides is the ability to test out investment strategies without the risk of losing real money. Also, this can be a great teaching tool for a novice who is just getting into stock trading. Although the UI can be intimidating at first, it only takes a few days before being comfortable with the program. TD Ameritrade's thinkorswim allows for a range of trading strategies such as simple buy or sell of shares to more complex option trading methods.

Pros

Ease of use
Learning tool without risk
Wide range of trading strategies
Generous free trial period

Cons

UI look can be intimidating to new users, especially those who have no experience in the stock market.
The trial period could be a bit longer to help understand certain trading strategies, 90 days could be a sweet spot.
The addition of hints within the program could help new users.

Likelihood to Recommend

I would not hesitate to recommend thinkorswim to someone who wants to get into the stock market. The opportunity to use "paper money" can help beginners learn the fundamentals of trading without any risk. Although the trial period is only 60 days, [that's a] good amount of time for new users to learn enough before venturing out into the real world. Adding to the positives, thinkorswim mobile app is superb and a great way to keep up with your portfolio on the go.

Verified User

Director in Human Resources (1001-5000 employees)

Vetted Review

3 years of experience

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