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thinkorswim Subscription (2025)
Is thinkorswim platform/app free to use or does it require a subscription? thinkorswim market data subscription pacjages.
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thinkorswim Subscription
Main Takeaways:
- thinkorswim is free to use and doesn’t need a subscription.
- Data, including Level II quotes, is available on thinkorswim at no cost.
- People who are not Schwab customers can use a Guest Pass to try thinkorswim.
Before using thinkorswim from Charles Schwab, here are the key details on data and fees:
Overview of thinkorswim at Schwab
Schwab’s trading platform thinkorswim is free to use and does not need a subscription. Just download the desktop software or mobile app and log in with your Schwab User ID and password. The same login works on the website, where web thinkorswim is ready to launch. All three versions have no subscription fee; you can use them right away without signing up.
In all versions, thinkorswim can be used in live or practice mode. The practice mode, called paperMoney, creates a demo account with fake money. This lets beginners try out the software without risk.
Data Subscription on thinkorswim
Data for stocks, ETFs, closed-end funds, options, and futures shows up on thinkorswim in real time automatically. Nothing needs to be enabled. Even paperMoney has live data.
Level II quotes are also included without a subscription. They appear on their own just like other data. You may need to open a Level II window to see them; on the desktop platform, click the plus sign (+) in the bottom-left corner.
Free thinkorswim Account
Visit Thinkorswim Website
Other Features
No subscriptions are needed for other features on thinkorswim. News articles and videos, an economic calendar, and on-demand CNBC videos all appear automatically and free of charge.
Guest Pass
Non-customers can also try thinkorswim. Go to
the Guest Pass page and sign up for a free trial. The software will be available for 30 days in mobile, web, and desktop versions.
The Guest Pass is basically paperMoney for people who don’t have Schwab accounts. It requires a one-time registration but has no ongoing cost.
Cost
thinkorswim is free in regular, paperMoney, or Guest Pass mode. Real-time data for non-professionals is also free.
Free Charles Schwab/thinkorswim Account
Visit Thinkorswim Website
Updated on 10/6/2025.
Chad Morris is a financial writer with more than 20 years experience
as both an English teacher and an avid trader. When he isn’t writing
expert content for Brokerage-Review.com, Chad can usually be found
managing his portfolio or building a new home computer.
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