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TradeStation vs Thinkorswim 2023: What you need to Know about

Do you want to trade in the stock market but don’t know which platform to use? TradeStation and Thinkorswim are two popular options you may have heard of.

Both have advantages and disadvantages, so you should understand the difference between them before making a decision.

TradeStation is a professional platform that offers advanced analysis and charting tools. At the same time, Thinkorswim targets both experienced and novice users with trading overviews and educational resources.

We dive into our TradeStation vs Thinkorswim review and compare the two to help you decide which one is right for you.

TradeStation vs Thinkorswim: Summary

TradeStation is a professional trading platform designed for experienced traders and investors.

It offers a wide range of advanced analysis and charting tools, including more than 300 built-in indicators and the ability to create custom indicators.

The platform includes powerful testing and optimization features that allow traders to test and optimize their strategies before they go live.

TradeStation offers a comprehensive trading simulator that tests strategies in a real market environment.

If you want a full review of Tradestation, read our detailed Tradestation review.

On the other hand, Thinkorswim is a trading platform designed for both experts and novices.

It offers many features for analyzing markets and executing markets, including advanced charting and analysis tools, more than 400 built-in indicators, and the ability to create custom indicators.

The platform includes a comprehensive trading simulator and many educational resources to help traders improve their skills.

Functions of the trading station

  • A powerful trading platform to create, test and optimize your custom strategies.
  • Flexible market tracking tools to stay ahead of the markets.
  • Fully customizable charts to see the markets the way you want.
  • Fast and accurate transactions. Fast and reliable trade execution.
  • Advanced order management for greater transaction control.

Features of Thinkorswim

  • Hassle-free shopping with 24/7 access to markets.
  • Receive personalized alerts to stay ahead of important market events.
  • Monitor social sentiment to gauge market sentiment.
  • Use the strategy wheel to adjust your strategies.
  • Stay ahead of the market with Market Maker MoveTM.
  • Follow the markets in real time with the market screen

TradeStation vs Thinkorswim: Pricing

In terms of trading fees, Thinkorswim has a transparent pricing structure and options at $0.65 per trade. commission-free contract to trade stocks and ETFs. Bonds and CDs sold on the retail platform pay $1 per secondary transaction.

Mutual funds can earn up to $50 on TD Ameritrade’s free listing. On the other hand, TradeStation has different commission structures that are difficult to understand.

However, their two most popular pricing plans offer $0 trading on stocks and ETFs and have no monthly platform fees. The TS Select plan requires a minimum deposit of $2,000, while TS Go does not require a minimum deposit.

Therefore, in terms of cost, TradeStation is generally considered more expensive than Thinkorswim.

Although both platforms offer a free trial period, TradeStation’s monthly subscription fee is usually higher than Thinkingwim’s. The platform charges extra for some features, such as advanced charts and market information.

TradeStation vs Thinkorswim: Options

It is important to note that TradeStation and Thinkorswim are not the only options for traders and investors.

Other popular alternatives include Tradingview and TC2000. Both platforms offer a wide range of tools and features for market analysis and market execution.

If you want more information about these options, check out our reviews comparing Tradingview vs Thinkorswim and TC2000 vs Thinkorswim.


TradeStation and Thinkorswim are powerful trading platforms that offer a wide variety of tools and features for market analysis and trading.

Although TradeStation is aimed at experienced traders and investors and is generally considered more expensive than Thinkorswim, both platforms offer a wide variety of resources to help traders improve their skills and make informed trading decisions.

Ultimately, the choice between the two platforms comes down to the personal preferences and specific needs of the trader or investor.



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