thinkorswim vs Scottrade

Struggling to choose between thinkorswim and Scottrade? Both products offer unique advantages, making it a tough decision.

thinkorswim is a Finance solution with tags like stocks, options, futures, forex, analysis, virtual-trading, education.

It boasts features such as Advanced charting, Virtual trading, Options analysis tools, Stock screener, Market data feeds, Customizable workspaces, Paper trading, Education resources and pros including Powerful analysis tools, Virtual trading capabilities, Comprehensive options tools, Robust stock screener, Real-time data, Customizable platform, Risk-free practice trading, Educational resources.

On the other hand, Scottrade is a Business & Commerce product tagged with stocks, etfs, mutual-funds, bonds, options, trading, investing.

Its standout features include Online trading platform, Low trading commissions, Access to stocks, ETFs, mutual funds, bonds, options, Research tools and market data, Mobile and desktop apps, Banking services like checking accounts, and it shines with pros like Low trading commissions, User-friendly trading platforms, Good customer service, Wide range of tradable securities, Educational resources for new investors.

To help you make an informed decision, we've compiled a comprehensive comparison of these two products, delving into their features, pros, cons, pricing, and more. Get ready to explore the nuances that set them apart and determine which one is the perfect fit for your requirements.

thinkorswim

thinkorswim

thinkorswim is an advanced online trading platform for stocks, options, futures, and forex. It offers powerful analysis tools, virtual trading capabilities, and education resources for active traders.

Categories:
stocks options futures forex analysis virtual-trading education

Thinkorswim Features

  1. Advanced charting
  2. Virtual trading
  3. Options analysis tools
  4. Stock screener
  5. Market data feeds
  6. Customizable workspaces
  7. Paper trading
  8. Education resources

Pricing

  • Free
  • Subscription-Based

Pros

Powerful analysis tools

Virtual trading capabilities

Comprehensive options tools

Robust stock screener

Real-time data

Customizable platform

Risk-free practice trading

Educational resources

Cons

Steep learning curve

Data fees for real trading

Advanced tools can be complex

Requires high-speed internet connection


Scottrade

Scottrade

Scottrade is an online brokerage firm that provides a platform for self-directed investing. It allows users to trade stocks, ETFs, mutual funds, bonds, and options with low trading fees.

Categories:
stocks etfs mutual-funds bonds options trading investing

Scottrade Features

  1. Online trading platform
  2. Low trading commissions
  3. Access to stocks, ETFs, mutual funds, bonds, options
  4. Research tools and market data
  5. Mobile and desktop apps
  6. Banking services like checking accounts

Pricing

  • Subscription-Based
  • Pay-As-You-Go

Pros

Low trading commissions

User-friendly trading platforms

Good customer service

Wide range of tradable securities

Educational resources for new investors

Cons

Limited international trading

Less research tools than some competitors

Website can be slow during high trading volume

No futures, forex, or crypto trading