Thinkorswim Review

Category: Trading Platforms | Author: Trading Brokers | Date: June 12, 2023

In the world of investing, having a robust and sophisticated platform is essential for traders seeking to maximize their potential. Thinkorswim, the renowned investment platform offered by TD Ameritrade and now part of Schwab, stands out as a comprehensive solution for hard-core investors. In this detailed review, we dive into the depths of Thinkorswim to explore its capabilities, features, and user experience. Discover how Thinkorswim empowers investors with its advanced tools and analysis options, enabling them to navigate the complexities of the market. By the end of this review, you will gain valuable insights into Thinkorswim’s performance and understand how it can unlock new possibilities for your investment strategies.

What is Thinkorswim?


Thinkorswim is a renowned investment platform that has gained recognition among traders and investors for its comprehensive range of tools and capabilities. Developed by Thinkorswim Group Inc. and now offered under the Schwab brand, Thinkorswim provides a robust and versatile platform for individuals looking to navigate the complexities of the financial markets. With its advanced features and user-friendly interface, Thinkorswim empowers users to analyze market data, execute trades, and manage their investment portfolios efficiently. Whether you’re a seasoned trader or a newcomer to the world of investing, Thinkorswim offers a powerful solution that can enhance your trading experience and help you make informed investment decisions.

Key Features of Thinkorswim

ThinkorSwim Features

ThinkorSwim Features

Thinkorswim, a comprehensive investment platform, offers a wide range of features designed to cater to the needs of traders and investors. Some key features of Thinkorswim include:

  1. Asset Class Support

Thinkorswim provides comprehensive support for a wide range of asset classes, allowing users to diversify their investment portfolios. Traders can access stocks, ETFs (Exchange-Traded Funds), mutual funds, bonds, futures contracts, and foreign exchange (forex) markets all within the platform. This broad asset coverage enables investors to explore various market opportunities and implement diversified trading strategies across multiple asset classes.

  1. Advanced Data Analysis

One of Thinkorswim’s standout features is its advanced data analysis capabilities. The platform offers real-time market data, customizable charting tools, and technical indicators that assist traders in analyzing price movements, trends, and patterns. With access to a wide range of indicators such as moving averages, Bollinger Bands, Relative Strength Index (RSI), and more, users can conduct in-depth technical analysis to identify potential trade opportunities. Additionally, Thinkorswim incorporates fundamental analysis tools that allow users to evaluate the financial health and performance of companies. Traders can access company profiles, financial statements, earnings reports, news articles, and analyst ratings, enabling them to make informed investment decisions based on both technical and fundamental factors.

  1. Customization Options

Thinkorswim offers extensive customization options, allowing users to personalize their trading experience. Traders can customize their chart layouts, create watchlists, and set up alerts based on specific criteria. The platform’s flexibility empowers users to focus on the data and metrics that are most relevant to their trading strategies. Whether it’s arranging charts side by side, saving custom layouts, or configuring watchlists with preferred columns and sorting options, Thinkorswim enables traders to tailor the platform to their individual needs.

  1. Complex Order Types

With its support for complex order types, Thinkorswim caters to advanced trading strategies. Traders can execute various order types, including market orders, limit orders, stop orders, and more. The platform also allows users to set conditional orders based on specific criteria or triggers, such as price levels or technical indicators. Furthermore, Thinkorswim supports multi-leg option strategies, enabling traders to construct and execute more sophisticated options trading strategies, such as spreads, straddles, and iron condors.

  1. Paper Trading Mod

To facilitate skill development and strategy testing, Thinkorswim offers a paper trading mode. This feature allows users to practice trading strategies using virtual money in a simulated trading environment. It provides an invaluable opportunity for traders to experiment with different approaches, test new strategies, and gain confidence in their trading abilities without risking real capital. The paper trading mode replicates the live trading experience, including real-time market data, order execution, and portfolio tracking, making it a valuable learning tool for traders of all experience levels.

  1. Mobile Accessibility

Recognizing the importance of staying connected to the market even while on the move, Thinkorswim offers a mobile app that provides seamless accessibility and functionality. The mobile app is designed to deliver a user-friendly experience, allowing traders to monitor their portfolios, access real-time quotes, perform technical analysis with charting tools, place trades, and manage their accounts directly from their smartphones or tablets. With the Thinkorswim mobile app, traders can stay updated with market developments, execute trades promptly, and manage their positions wherever they are, providing the flexibility and convenience required in today’s fast-paced trading environment. The mobile app ensures that traders can effectively engage with

Pros and Cons of Thinkorswim


  • Thinkorswim offers a comprehensive suite of advanced trading tools and features.
  • The platform provides a wide range of investment options, including stocks, options, futures, and forex.
  • Thinkorswim offers a customizable and intuitive user interface, allowing traders to personalize their trading experience.
  • The platform provides access to extensive market research, analysis, and educational resources.


  • Thinkorswim may have a steep learning curve for beginners due to its advanced features and complexity.
  • The platform requires a high-speed internet connection and powerful hardware to ensure smooth performance.
  • Some users may find the platform overwhelming with its multitude of tools and options.
  • Thinkorswim’s mobile app may not offer the same level of functionality and features as the desktop version.


In conclusion, Thinkorswim offers a robust and feature-rich investment platform that caters to the needs of traders and investors. With its comprehensive asset class support, advanced data analysis tools, customization options, complex order types, paper trading mode, and mobile accessibility, Thinkorswim provides a powerful solution for navigating the financial markets. The platform’s competitive pricing, combined with its extensive range of capabilities, makes it a compelling choice for those seeking a comprehensive and cost-effective investment platform. Whether you are an experienced trader or a newcomer to the world of investing, Thinkorswim has the potential to enhance your trading experience and facilitate informed decision-making. With its impressive array of features and tools, coupled with its user-friendly interface and accessibility, Thinkorswim emerges as a platform worthy of consideration for traders and investors looking to navigate the complexities of the financial markets effectively.

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