Finder makes money from featured partners, but editorial opinions are our own. Advertiser disclosure

Thinkorswim Alternatives You Should Consider

If you’re on the hunt for a trading platform similar to Thinkorswim, here are some comparable options to consider.

Charles Schwab’s Thinkorswim is a powerful desktop trading platform with robust research and analysis tools. But it’s not the only professional-grade trading platform on the market. Here are five trading platforms to consider if you’re looking for an alternative to Thinkorswim.

4 Thinkorswim alternatives

E*TRADE

E*TRADE from Morgan Stanley

Read review
Stock trade fee$0
Minimum deposit$0
Signup bonusGet up to $1,000
terms apply

Interactive Brokers

Interactive Brokers

Go to site Read review
Stock trade fee$0
Minimum deposit$0
Signup bonusN/A

Fidelity

Fidelity Investments

Read review
Stock trade fee$0
Minimum deposit$0
Signup bonusN/A

Webull

Webull

Earn up to 40 fractional shares and an extra 2% APY for 30 days when you open an account and make an initial deposit of the qualified amount. T&C apply.
Read review
Stock trade fee$0
Minimum deposit$0
Signup bonusEarn up to 40 fractional shares and an extra 2% APY for 30 days

Pros and cons of Thinkorswim

Here’s why Thinkorswim is a top online trading platform and a few reasons why you may want to consider an alternative.

Pros

  • No minimum investment amount
  • Plethora of educational resources
  • Professional research tools

Cons

  • Steep learning curve for beginners
  • Slightly higher commissions than some online brokers
  • No cryptocurrency

How to transfer your brokerage account

The process to switch brokerage firms may vary depending on your current broker and the firm you’re moving to. While there’s no fee to close your account, Charles Schwab charges $75 to initiate a full account transfer to your new broker. Thinkorswim uses the Automated Customer Account Transfer Service (ACATS) to transfer your account. Here’s what the process might look like.

  1. Complete a transfer form with your new broker.
  2. Your current broker authorizes your request within three business days.
  3. Your previous broker completes the transfer and moves your funds within five to eight business days.

Note: Some brokers won’t accept proprietary funds from other brokers.

Compare trading platforms

1 - 10 of 10
Product USFST Finder Score Available asset types Stock trade fee Minimum deposit Cash sweep APY Signup bonus
Finder score
Stocks, Options, ETFs, Cryptocurrency, Futures, Treasury Bills
$0
$0
N/A
Get $50-$5,000
Finder score
Stocks, Options, ETFs, Cryptocurrency
$0
$0
4.5%
Get a free stock
Finder score
Stocks, Options, Mutual funds, ETFs, Alternatives
$0
$0
0.02%
Get up to $1,000 in stock
Finder score
Stocks, ETFs
$0
$0
N/A
Earn up to $300
Finder score
Stocks, Options, ETFs, Cryptocurrency
$0
$0
4.9%
FINDER EXCLUSIVE: Get a guaranteed $15 bonus and $10 in free crypto
Finder score
Stocks, Bonds, Options, ETFs, Cryptocurrency, Alternatives, Treasury Bills, High-yield cash account
$0
$0
4.35%
Get up to $10,000 and transfer fees covered
Finder score
Stocks, ETFs
$0
$0
0.1%
Get $10 when you sign up and deposit $5
Finder score
Stocks, ETFs
$0
$500
5%
Get $50
Finder score
Stocks, Bonds, Mutual funds, ETFs, CDs
$0.01
$250
2.83%
Get up to $500
Finder score
Stocks, ETFs, Cryptocurrency
$0
$100
4.00%
N/A
loading

What is the Finder Score?

The Finder Score crunches 147 key metrics we collected directly from 18+ brokers and assessed each provider’s performance based on nine different categories, weighing each metric based on the expertise and insights of Finder’s investment experts. We then scored and ranked each provider to determine the best brokerage accounts.

We update our best picks as products change, disappear or emerge in the market. We also regularly review and revise our selections to ensure our best provider lists reflect the most competitive available.

Read the full Finder Score breakdown

Paid non-client promotion. Finder does not invest money with providers on this page. If a brand is a referral partner, we're paid when you click or tap through to, open an account with or provide your contact information to the provider. Partnerships are not a recommendation for you to invest with any one company. Learn more about how we make money.

Finder is not an advisor or brokerage service. Information on this page is for educational purposes only and not a recommendation to invest with any one company, trade specific stocks or fund specific investments. All editorial opinions are our own.

Kimberly Ellis's headshot
Written by

Writer

Kimberly Ellis is a personal finance writer at Finder, specializing in banking and financial literacy. After teaching in public and private schools, Kimberly zeroed in on personal financial education to help families and kids develop lifelong money skills. She hails from New York City, graduating summa cum laude from Queens College with a BA in elementary education and mathematics, as well as a New York State teaching certificate. She’s also an aspiring polyglot, always in a book and forever on the hunt for the perfect classic red lipstick. See full bio

Kimberly's expertise
Kimberly has written 85 Finder guides across topics including:
  • Kids' banking
  • Financial literacy for kids
  • K–12 education

More guides on Finder

Ask a question

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Go to site