Thinkorswim Review 4-star brokerage firm rating

Best Direct Access Broker Platform


2014 best direct access brokerage firm review. Top direct access trading platform/software online stock broker: featues, fees, pros and cons.


Thinkorswim Promotion Code 2014: Trade free for 60 days + Get up to $600.



Best Direct Access Broker Review


Thinkorswim (TOS) charges higher than average commissions on stocks and ETFs - $9.99 per trade. However, these rates are NEGOTIABLE for active traders. If you can show that you trade a lot, call them and they will be happy to discuss pricing with you.

There are no surcharges at the company: the same commission applies to all trades, including penny stocks, extended hours orders, pink sheet stocks and large orders. Majority of online brokerages have one or more of these additional charges. There are also no monthly trading platform fees that most other direct access brokers charge.

Thinkorswim was bought by TD Ameritrade, and is now part of one of the largest brokerage houses in the country. All new Thinkorswim and TD Ameritrade customers have the same account with identical features, tools and services. Thinkorswim platform could be downloaded by opening account at TD Ameritrade, logging in and going to "Trading Tools -> thinkorswim" in the main menu.

TOS is known for great customer service, and their best-in-industry, versatile, powerful, customizable direct access trading platform. The firm is offering impressive range of investments for clients to choose from, including access to forex and futures trading. The ability to trade all types of option strategies along with Futures and Forex on the same platform is incredible.

Within the Thinkorswim platform you can trade almost every type of investment that you can think of: stocks, options, FOREX and futures. In addition, Thinkorswim is an advanced trading platform with fantastic technical analysis tools for chart readers, which is critical for those of us that are traders.

The charting and trading screens are very customizable to your preferences. You can move windows around, change colors and add or subtract hundreds of preset technical studies as you like, including some that you can only find in Thinkorswim, like "market forecast", "trade the market" and others. Of course, you have many other advanced studies like Fibonacci analysis tools and drawing tools to draw your own support and resistance lines.

Customers get access to impressive range of third-party research, including Standard & Poor's, Morningstar, Jaywalk and TheStreet.

Best Direct Access Broker


Commissions (negotiable for active traders)

InvestmentsCommissions
Stocks and ETFs $9.99
Stocks and ETFs broker assisted $49.99
Stocks and ETFs Interactive Voice Response (IVR) Telephone System $34.99
Options $9.99 + $0.75 per contract
No-load mutual funds $49.99
Treasuries at auction $25 flat fee
All other bonds and CMOs, CDs on a net yield basis
Futures $3.50 per contract (inclusive of exchange fees)

Investments stocks, bonds, mutual funds, options, ETFs, bonds, CDs, UITs, futures and forex
Thinkorswim\TOS minimum deposit to open account $0 for cash account, $2,000 for margin account
FeesThinkorswim fees


ThinkOrSwim Advantages

  • ThinkOrSwim is now part of TD Ameritrade, one of the largest brokerages in the U.S. with many local branches
  • No additional commission on stocks under $2, large orders, or extended hours trading
  • Best trading platform in the industry
  • Free virtual trading
  • See what other traders are doing on myTRADE trader community
  • No-fee retirement accounts
  • No maintenance or inactivity fees
  • Free streaming quotes, including Level II
  • Rich selection of independent research offered through S&P, Morningstar and other firms
  • Large number of mutual funds - over 13,000 available


ThinkOrSwim/TD Ameritrade Promotion Link:


best online trading for beginners

This article was updated on 1/30/2014.



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