Best Forex Brokerage Firm Trading Platform/Tools Review
TD Ameritrade/Thinkorswim offers one of the best trading platforms on the market right now! It's well designed, intuitive and
customizable. Entering and executing orders is fast. Thinkorswim created many advanced features which only experienced
traders will truly appreciate. Its charts are second to none - everything you might want is included. The company provides
live CNBC news, a scan tool for finding stocks that meet certain criteria, a watch page that keeps track of
things like dividend dates and stock splits, spread / stock hacker. There are also live broadcasts from the
S&P 500 pit as well as Shadow Trader.
One of the finest features of Thinkorswim is their Analysis tab. This feature allows you to instantly view an active risk graph that will exactly
show you the most probable look of any trade setup. In addition to this, it will also instantly show you the latest risk graph about any planned
adjustments to the current trades you might want to make. This is usually the kind of things that go together with proprietary software which is
There are mobile applications available for iPhone, iPad, Windows, Android and Blackberry users.
Best Currency Trading Broker Pros
- 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
Best Currency Trading Broker Cons
- High commissions on all investment products
- High margin rates
TD Ameritrade is one of the best-known and largest online stock brokers in the country. The firm has been in business for
over 35 years. It survived many recessions and market crashes.
TD Ameritrade bought one of the best online brokers - ThinkorSwim and it has benefited greatly from this acquisition. Because of ThinkorSwim's
excellent trading technology, TD Ameritrade now has the best trading platform in the industry. It works perfect for Forex traders.
Many Forex companies are of questionable integrity. They promise a lot. But one could promise anything when there is nothing to loose.
With TD Ameritrade/Thinkorswim you are dealing with one of the largest, best Forex brokerage firms in the U.S. That should give you a peace of mind and
let you to concentrate on what matters - your currency trading strategy.
This article was updated on 4/29/2014.