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.
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.