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TradingView vs thinkorswim: A Detailed Comparison

When it comes to trading platforms for executing trades and conducting technical analysis, two names stand out: TradingView and thinkorswim. But which platform should you choose? Are they equally suitable for all types of traders? And more importantly, do they offer the features and costs that align with your trading goals?

If you’re ready to find out the answers, buckle up as we take a deep dive into the world of trading platforms. We’ll explore the key features, costs, suitability, compatible brokers and assets, user interface, design, and pricing plans of both TradingView and thinkorswim. By the end of this comparison, you’ll have a clearer understanding of which platform best fits your needs.

  • TradingView and thinkorswim are two popular trading platforms for executing trades and conducting technical analysis.
  • When choosing a platform, consider factors such as compatible brokers and assets, technical analysis features, user interface and design, and pricing plans.
  • TradingView offers a freemium service with multiple pricing plans, while thinkorswim is free for TD Ameritrade and Schwab customers.
  • Both platforms excel in different areas, with TradingView known for its wide range of charting tools and indicators, and thinkorswim excelling in options analysis.
  • Consider your trading goals, preferences, and budget when making a decision between TradingView and thinkorswim.

Compatible Brokers and Assets

When choosing a trading platform, it’s essential to consider the compatibility with different brokers and the availability of assets. Let’s take a closer look at how TradingView and thinkorswim stack up in this regard.

TradingView

TradingView is a popular freemium service that offers a wide range of features for traders of all levels. One of its major strengths is its integration with various brokers, providing users with the flexibility to choose the broker that suits their needs. Whether you trade stocks, options, futures, or cryptocurrencies, TradingView has got you covered. In fact, TradingView is known for its extensive selection of asset classes, including cryptocurrencies like Bitcoin and Ethereum.

thinkorswim

Owned by Schwab, thinkorswim is a powerful trading platform that is tightly integrated with Schwab and TD Ameritrade. While it offers robust trading capabilities for stocks, options, bonds, futures, and currencies, it does not support as wide a range of asset classes as TradingView. However, if you are a Schwab or TD Ameritrade customer or predominantly trade stocks and options, thinkorswim can be an excellent choice.

It’s worth noting that both platforms offer comprehensive stock screeners to help you find trading opportunities based on specific criteria. However, TradingView’s broader range of compatible brokers and asset classes, including cryptocurrencies, may provide more flexibility to traders looking to diversify their investments.

It’s always a good idea to check with your preferred broker to ensure compatibility before committing to a trading platform. Below is a summary of the compatible brokers and assets for each platform:

Trading PlatformCompatible BrokersSupported Asset Classes
TradingViewVarious brokers (depending on integration)Stocks, options, futures, cryptocurrencies, and more
thinkorswimSchwab and TD AmeritradeStocks, options, bonds, futures, currencies, and Bitcoin futures

Considering the wide range of asset classes TradingView provides access to, including cryptocurrencies, it may be the preferred choice for traders seeking diversity. However, if you are primarily focused on stocks and options trading and already have a Schwab or TD Ameritrade account, thinkorswim offers a seamless integration experience with these brokers.

Technical Analysis

When it comes to technical analysis, both TradingView and thinkorswim offer an array of powerful tools and features to assist traders in making informed decisions.

TradingView is renowned for its extensive selection of charting tools and indicators, providing traders with the ability to customize their charts to suit their individual preferences. Whether you’re a beginner or an experienced trader, TradingView offers a wide variety of chart types, including candlestick, line, and bar charts, allowing you to visualize market trends with precision. The platform also provides an extensive library of pre-built indicators, covering a wide range of technical analysis strategies.

On the other hand, thinkorswim excels in options analysis. Alongside its comprehensive charting tools and indicators, thinkorswim offers robust options analysis features to help options traders evaluate potential strategies. With advanced tools such as the Options Hacker, thinkorswim enables traders to test various options trading scenarios and visualize potential outcomes, providing valuable insights for decision-making.

In terms of drawing tools and customization options, both platforms offer a range of features to facilitate technical analysis. From trendlines and Fibonacci retracements to annotations and shapes, traders can effectively analyze price movements and identify potential entry and exit points. Additionally, both platforms allow users to create custom indicators for advanced technical analysis.

While TradingView and thinkorswim provide similar technical analysis capabilities, their focus areas differ slightly. TradingView places a strong emphasis on its charting tools and indicators, catering to a wide range of trading strategies. On the other hand, thinkorswim’s strength lies in its options analysis features, making it an ideal choice for options traders seeking comprehensive tools and insights.

User Interface and Design

When it comes to user interface and design, both TradingView and thinkorswim offer their own unique strengths. TradingView is known for its user-friendly and modern interface that provides a seamless experience for traders of all levels. The platform’s intuitive layout and clean design make it easy to navigate and access the various features.

On the other hand, thinkorswim stands out with its customization options, allowing traders to tailor the platform according to their preferences. From rearranging and resizing windows to creating personalized watchlists and charts, thinkorswim offers a high level of flexibility in terms of interface customization.

While TradingView excels in its web-based platform, thinkorswim provides users with the option to use both desktop and mobile versions. This availability of multiple versions allows traders to access the platform from their preferred devices, enhancing convenience and flexibility.

Overall, TradingView’s user-friendly interface and modern design make it attractive for traders seeking simplicity and ease of use. On the other hand, thinkorswim’s customization options and availability across different devices make it a preferred choice for traders who value personalized experiences and flexibility.

Here’s a side-by-side comparison of the user interface and design of TradingView and thinkorswim:

PlatformProsCons
TradingView– User-friendly and modern interface
– Intuitive layout for easy navigation
Web-based platform
– Limited customization options compared to thinkorswim
thinkorswim– High level of customization options
– Interface flexibility with desktop and mobile versions
– Steeper learning curve for new users
– May feel overwhelming for beginners

(Table) A comparison of the user interface and design of TradingView and thinkorswim.

In the next section, we will delve into the pricing and plans offered by both platforms to help you make an informed decision.

Pricing and Plans

When it comes to pricing and plans, TradingView and thinkorswim offer different options to cater to the needs of traders. Let’s take a closer look at what each platform has to offer:

TradingView

TradingView operates on a freemium model, meaning it provides a basic version of its platform for free, with limited features and capabilities. However, for traders looking for more advanced tools and services, TradingView offers paid subscription plans that unlock additional features and benefits.

Here are some of the key features and benefits included in TradingView’s paid plans:

  • Advanced charting tools: Gain access to an extensive range of charting tools and indicators to enhance your technical analysis capabilities.
  • Real-time data: Get access to real-time market data, ensuring you stay up-to-date with the latest market trends and developments.
  • Custom indicator creation: Create your own custom indicators to personalize your trading strategies and analysis.
  • Expanded asset coverage: Unlock access to a wider range of assets, including cryptocurrencies, forex, and more.
  • Priority customer support: Enjoy enhanced customer support services to address any inquiries or issues you may encounter.

TradingView offers multiple subscription plans, including Basic, Pro, Pro+, and Premium, each with its own set of features and pricing. The subscription fees vary depending on the plan you choose, allowing you to select the one that best suits your trading needs and budget.

thinkorswim

Unlike TradingView, thinkorswim offers its platform for free to TD Ameritrade and Schwab account holders. This means you can access all the features and services of thinkorswim without any additional costs or limitations.

Here are some of the features and benefits of thinkorswim’s free platform:

  • Comprehensive tools and services: Enjoy access to a wide range of tools and services, including advanced charting tools, technical analysis indicators, and options trading capabilities.
  • Full asset coverage: Access a variety of asset classes, such as stocks, options, bonds, futures, currencies, and Bitcoin futures.
  • Seamless integration: Access thinkorswim directly through your TD Ameritrade or Schwab account, making it convenient and easy to use.

With thinkorswim, there are no subscription fees or additional costs for accessing premium features. It offers a comprehensive trading experience without the need for paid subscriptions.

Comparison of Pricing and Plans

PlatformPricing ModelSubscription PlansKey Features
TradingViewFreemiumBasic, Pro, Pro+, PremiumAdvanced charting, real-time data, custom indicators, expanded asset coverage, priority customer support
thinkorswimFreeN/AAdvanced tools, comprehensive asset coverage, seamless integration

As seen in the comparison table, TradingView offers a range of paid subscription plans that provide access to advanced features and services. On the other hand, thinkorswim offers a free platform with all features and services available to TD Ameritrade and Schwab account holders.

Ultimately, when choosing between TradingView and thinkorswim, it’s important to consider your trading needs, preferences, and budget. Assessing the available features, pricing, and plans will help you make an informed decision that aligns with your trading goals.

TradingView Features

TradingView offers a wide range of features that cater to the needs of traders looking for advanced technical analysis tools. Whether you are a beginner or an experienced trader, TradingView has something to offer. Let’s delve into some of the key features that make TradingView stand out from the crowd.

Variety of Chart Types

One of the standout features of TradingView is its extensive library of chart types. From basic line charts to more complex candlestick and Renko charts, you can choose the chart type that best suits your trading style and preferences. This variety allows you to analyze price movements from different perspectives, enabling you to make informed trading decisions.

Flexible Timeframes

Another notable feature of TradingView is its flexibility in choosing timeframes. Whether you prefer short-term intraday analysis or long-term trend identification, TradingView offers a wide range of timeframes. From one-minute to monthly charts, you can customize your analysis based on your specific trading strategies and objectives.

Drawing Tools for Technical Analysis

TradingView provides a comprehensive suite of drawing tools that help you perform detailed technical analysis. Whether you need to draw trendlines, support and resistance levels, or Fibonacci retracements, TradingView offers a user-friendly interface with intuitive drawing capabilities. These tools allow you to visually analyze price patterns and identify potential trade setups.

Pre-built Indicators

TradingView offers a vast selection of pre-built indicators that can enhance your technical analysis. From popular indicators like moving averages and Bollinger Bands to more advanced indicators like the Relative Strength Index (RSI) and Stochastic Oscillator, you can easily incorporate these indicators into your charts to gain deeper insights into market trends and conditions.

Active Community

With TradingView, you don’t have to analyze the markets alone. The platform has a thriving community of traders who share their ideas, strategies, and analysis. You can follow other traders, participate in discussions, and gain valuable insights from experienced professionals. The community aspect of TradingView adds a social dimension to your trading journey, allowing you to learn from others and expand your knowledge base.

Stock Screener

To help you filter through thousands of stocks and identify potential trading opportunities, TradingView offers a powerful stock screener. With customizable filters and criteria, you can quickly narrow down your search and focus on stocks that meet your specific requirements. The stock screener saves you time and effort by automatically scanning the market based on your defined parameters.

To get a better understanding of the features offered by TradingView, refer to the table below:

TradingView is available on both desktop and mobile platforms, allowing you to stay connected and analyze the markets wherever you go. Its user-friendly interface, extensive charting capabilities, and supportive community make it a popular choice among traders of all levels.

thinkorswim Features

thinkorswim offers a wide range of features that make it a popular choice among traders. Let’s take a closer look at what this platform has to offer:

Chart Types:

With thinkorswim, you have access to a variety of chart types to suit your technical analysis needs. Whether you prefer candlestick, line, bar, or area charts, thinkorswim has got you covered.

Timeframes:

thinkorswim allows you to analyze market trends and patterns across different timeframes. From intraday charts to long-term charts, you can easily switch between various timeframes to gain a better understanding of the price action.

Drawing Tools:

Enhance your technical analysis with thinkorswim’s comprehensive drawing tools. From trendlines and Fibonacci retracements to annotations and shapes, you can customize your charts to highlight important levels and patterns.

Pre-built Indicators:

thinkorswim offers a wide range of pre-built indicators to help you make informed trading decisions. Whether you’re looking for moving averages, oscillators, or momentum indicators, you’ll find them all readily available on the platform.

Options Trading:

One standout feature of thinkorswim is its robust options trading capabilities. With advanced options analysis tools and a sophisticated options chain, you can easily analyze and execute options trades directly from the platform.

Community:

Join a vibrant trading community within thinkorswim and connect with like-minded traders. Share ideas, collaborate, and gain insights from experienced traders to further enhance your trading strategies.

Desktop and Mobile Versions:

Access thinkorswim from anywhere, anytime, with its desktop and mobile versions. Whether you prefer to trade on your computer or on-the-go with your smartphone, thinkorswim ensures a seamless trading experience across all devices.

Featurethinkorswim
Chart TypesMultiple options available
TimeframesVarious timeframes for analysis
Drawing ToolsComprehensive customization options
Pre-built IndicatorsExtensive library of indicators
Options TradingAdvanced tools for options analysis and execution
CommunityActive trading community
Desktop and Mobile VersionsAccessible on desktop and mobile devices

Comparison: TradingView vs thinkorswim (Brokers and Assets)

In this section, we will compare TradingView and thinkorswim in terms of their compatibility with different brokers and asset classes. Let’s dive into the advantages and disadvantages of each platform, exploring their unique offerings and considerations.

TradingView

TradingView is renowned for its flexibility in choosing a broker and its extensive range of supported asset classes. Whether you are interested in stocks, cryptocurrencies, or any other asset class, TradingView has got you covered.

With TradingView, you have the freedom to select from a wide range of brokers that suit your trading preferences and requirements. This flexibility allows you to efficiently execute trades and manage your portfolio without any limitations.

Moreover, TradingView stands out in the world of cryptocurrencies. As one of the leading platforms, it provides comprehensive support for various cryptocurrencies, empowering traders to explore this rapidly growing asset class with ease.

thinkorswim

On the other hand, thinkorswim, owned by Schwab, offers a more tailored experience for TD Ameritrade or Schwab customers and those interested in options trading.

Although thinkorswim’s compatibility is limited to Schwab and TD Ameritrade, it still offers a range of asset classes such as stocks, options, bonds, futures, currencies, and even Bitcoin futures. So, if you are primarily interested in these asset classes or specifically focused on options trading, thinkorswim might be the ideal platform for you.

To summarize, TradingView provides broader support for asset classes, including cryptocurrencies, and offers flexibility in choosing a broker. On the other hand, thinkorswim excels in serving TD Ameritrade or Schwab customers and those with a focus on options trading.

Comparison: TradingView vs thinkorswim (Technical Analysis)

When it comes to technical analysis, both TradingView and thinkorswim offer a wide range of tools and features to help traders make informed decisions. However, there are some notable differences that can impact the suitability of each platform for specific trading needs.

Charting Tools: TradingView is known for its comprehensive selection of charting tools, providing traders with the ability to analyze price movements and identify trends effectively. From basic drawing tools like trendlines and support/resistance levels to advanced chart types like Renko and Point & Figure, TradingView offers a robust set of options for charting.

Indicators: Both TradingView and thinkorswim offer a vast library of pre-built indicators for technical analysis. These indicators help traders identify patterns, trends, and potential entry or exit points in the market. While TradingView excels in terms of the quantity and variety of indicators available, thinkorswim stands out with its focus on options analysis tools.

TradingView’s extensive library of indicators allows for in-depth analysis and customization, catering to traders who rely heavily on technical indicators. On the other hand, thinkorswim’s emphasis on options analysis tools makes it a preferred choice for options traders who require specialized indicators and analysis capabilities.

Options Analysis: thinkorswim is particularly popular among options traders due to its comprehensive suite of options analysis tools. With features like option chains, Greeks calculations, and advanced options strategies, thinkorswim provides traders with the necessary tools to analyze and execute options trades effectively.

Overall, both TradingView and thinkorswim offer robust technical analysis capabilities, but their strengths lie in different areas. Traders who prioritize a wide variety of charting tools and indicators may find TradingView to be the better option. On the other hand, thinkorswim is well-suited for options traders who require advanced options analysis capabilities to inform their trading decisions.

To help you visualize the comparison between TradingView and thinkorswim in terms of technical analysis features, refer to the table below:

TradingViewthinkorswim
Charting ToolsComprehensive selection of charting tools including various chart types, drawing tools, and technical analysis features.Offers a range of charting tools but with a focus on options analysis tools.
IndicatorsExtensive library of pre-built indicators for technical analysis purposes.Offers a wide array of indicators, with a specialization in options analysis indicators.
Options AnalysisBasic options analysis tools available.Comprehensive suite of options analysis tools, including option chains, Greeks calculations, and advanced options strategies.

charting tools

Comparison: TradingView vs thinkorswim (User Interface and Design)

When it comes to user interface and design, both TradingView and thinkorswim have their own unique strengths and weaknesses. Let’s take a closer look at what each platform has to offer.

TradingView

TradingView boasts a user-friendly and modern interface that is easy to navigate, making it a popular choice among traders. The platform’s clean design and intuitive layout provide a seamless user experience, allowing traders to focus on their analysis and trading activities.

One of the standout features of TradingView’s interface is its customizable nature. Traders can personalize their workspace by choosing from a range of layout options, color schemes, and chart styles. This level of customization ensures that users can tailor the platform to their preferences and work efficiently.

Additionally, TradingView offers a mobile app version, allowing traders to stay connected and make informed decisions on the go. The mobile app retains the same user-friendly interface and design, providing a consistent experience across different devices.

thinkorswim

On the other hand, thinkorswim focuses on providing a highly customizable interface, catering to traders who prefer a more personalized trading environment. The platform allows users to arrange their workspace, add or remove features, and customize chart settings to suit their individual needs.

A notable aspect of thinkorswim’s design is its flexibility in displaying multiple charts and windows simultaneously. Traders can easily create a layout that suits their trading style, whether it involves monitoring multiple assets or analyzing different timeframes.

Similar to TradingView, thinkorswim is available on both desktop and mobile devices, ensuring that traders can access their personalized interface wherever they are.

User Experience Matters

The user interface and design of a trading platform play a significant role in the overall user experience. A well-designed interface enhances usability, improves productivity, and reduces the learning curve for new users.

In the case of TradingView, its user-friendly interface and modern design contribute to a seamless trading experience. Traders can quickly find the tools they need and analyze charts with ease, resulting in a more efficient workflow.

On the other hand, thinkorswim’s customizable interface empowers traders to create a trading environment that aligns with their preferences and strategies. The ability to personalize the platform enhances user engagement and allows for a more tailored trading experience.

Ultimately, the choice between TradingView and thinkorswim in terms of user interface and design depends on individual preferences. Traders who value ease of use and a modern interface may lean towards TradingView, while those who prioritize customization options may find thinkorswim more appealing.

Table: A comparison of TradingView and thinkorswim in terms of user interface and design.

PlatformUser InterfaceDesignCustomization Options
TradingViewUser-friendly and modernClean and intuitiveHigh level of customization
thinkorswimHighly customizableFlexible for multiple charts and windowsExtensive customization capabilities

Comparison: TradingView vs thinkorswim (Pricing and Plans)

When it comes to selecting a trading platform, pricing and plans play a crucial role in decision-making. TradingView and thinkorswim offer different pricing models, each offering unique features and services. Understanding these pricing structures is essential for traders to choose the platform that best suits their needs.

TradingView offers a freemium service, meaning users can access basic features for free. However, for advanced functionality and additional services, there are three paid plans available: Pro, Pro+ and Premium. These plans offer a range of benefits including access to real-time data, expanded charting tools, and priority customer support. Pricing for these plans ranges from $14.95 to $59.95 per month, depending on the level of features and services desired.

On the other hand, thinkorswim is a free trading platform that comes with a TD Ameritrade or Schwab account. This means investors can enjoy full access to all features and services without any limitations or additional costs.

When comparing the pricing between TradingView and thinkorswim, it’s important to consider the level of features and services you require. While TradingView offers more advanced tools and support options, it comes at a cost. Thinkorswim, on the other hand, provides a comprehensive package without additional fees, making it an attractive choice for traders looking for a free solution.

Which Plan is Right for You?

If you prioritize access to a wide range of charting tools, advanced indicators, and a community-driven platform, TradingView’s paid plans may be worth considering. These plans cater to traders of all levels, from beginners to professionals, and offer a plethora of features that enhance technical analysis capabilities.

However, if budget is a concern and you are looking for a free platform with no compromises on capabilities, thinkorswim is an excellent choice. It provides a robust set of features, including options trading, without the need for a separate subscription.

Ultimately, the decision between TradingView and thinkorswim comes down to your individual preferences, trading goals, and budget. Evaluating the pricing models and aligning them with your desired features and services will enable you to make an informed choice that supports your trading journey.

Conclusion

After a detailed comparison of TradingView and thinkorswim, it is clear that both platforms offer robust features and tools for traders. To make the final decision between these trading platforms, it is crucial to consider individual trading needs and preferences.

Both TradingView and thinkorswim excel in different areas. TradingView stands out for its compatibility with various brokers and wide range of supported asset classes, including cryptocurrencies. On the other hand, thinkorswim, owned by Schwab, offers seamless integration with TD Ameritrade and Schwab, making it a suitable choice for existing customers and those interested in options trading.

In terms of technical analysis, both platforms provide comprehensive charting tools and indicators. TradingView offers an extensive library of pre-built indicators and customization options, while thinkorswim focuses on robust options analysis tools.

When it comes to user interface and design, TradingView offers a modern and user-friendly platform, while thinkorswim provides a customizable interface that caters to individual preferences. Traders seeking a sleek and intuitive interface may prefer TradingView, while those looking for a highly customizable experience may lean towards thinkorswim.

Considering pricing and plans, TradingView offers a freemium model with paid subscription options for advanced features. On the other hand, thinkorswim is a free platform included with a TD Ameritrade or Schwab account, providing access to all features without restrictions.

To summarize, the final decision between TradingView and thinkorswim depends on specific requirements and priorities. Traders looking for flexibility in brokers and asset classes, along with a user-friendly interface, may lean towards TradingView. Alternatively, thinkorswim is an excellent choice for options traders and existing TD Ameritrade or Schwab customers. When considering trading platform comparison, it is crucial to assess the impact of each platform’s features on individual trading strategies and goals.

TradingViewthinkorswim
Brokers and AssetsSupports various brokers and asset classes, including cryptocurrencies.Owned by Schwab, integrates with TD Ameritrade and Schwab; supports stocks, options, bonds, futures, currencies, and Bitcoin futures.
Technical AnalysisWide range of charting tools and indicators, extensive community, custom indicator creation.Focuses on options analysis tools, offers diverse chart types, timeframes, and pre-built indicators.
User Interface and DesignModern and user-friendly interface.Customizable interface, suitable for personal preferences.
Pricing and PlansFreemium service with paid subscription options for advanced features.Free platform provided with TD Ameritrade or Schwab account, no limitations.

Additional Services to Consider

While TradingView and thinkorswim offer powerful trading platforms, it’s always worth exploring alternative options that may better suit your trading needs. Two notable alternatives to consider are StockCharts and TrendSpider.

StockCharts

StockCharts is a popular choice for long-term traders looking for comprehensive charting and analytical tools. With its extensive selection of technical indicators and the ability to customize charts, StockCharts provides valuable insights for making informed trading decisions. Whether you’re analyzing stocks, ETFs, or other assets, StockCharts offers a user-friendly interface and a rich library of historical data. It’s an excellent choice for traders focused on long-term strategies and in-depth analysis.

TrendSpider

If you’re seeking a high-tech trading platform, TrendSpider is worth considering. TrendSpider incorporates advanced algorithms and machine learning to analyze market trends and automatically identify potential trade opportunities. With its powerful scanning and backtesting features, TrendSpider helps traders save time and make more accurate predictions. Whether you’re a beginner or an experienced trader, TrendSpider’s intuitive interface and extensive technical analysis capabilities offer a unique trading experience.

When comparing these alternative trading platforms to TradingView and thinkorswim, it’s important to consider your specific trading requirements. StockCharts is ideal for long-term traders who value in-depth analytics, while TrendSpider caters to traders seeking cutting-edge technology and automated analysis. By evaluating your trading goals and preferences, you can make an informed decision and choose the platform that best aligns with your needs.

FAQ

What is the difference between TradingView and thinkorswim?

TradingView and thinkorswim are both trading platforms for technical analysis, but they differ in terms of features, costs, and suitability for different types of traders. TradingView offers a freemium service that integrates with various brokers and supports trading for most asset classes, including cryptocurrencies. On the other hand, thinkorswim is owned by Schwab and only works with Schwab and TD Ameritrade, offering trading for stocks, options, bonds, futures, currencies, and Bitcoin futures.

What technical analysis features do TradingView and thinkorswim offer?

Both platforms provide comprehensive and customizable charting tools and indicators. TradingView is known for its wide range of charting tools and indicators, while thinkorswim excels in options analysis tools. They offer different chart types, drawing tools, pre-built indicators, and the ability to create custom indicators.

How is the user interface and design of TradingView and thinkorswim?

TradingView has a more user-friendly and modern interface, while thinkorswim offers a more customizable interface. TradingView has pros and cons in terms of interface layout and customization options, whereas thinkorswim offers a highly customizable interface. Both platforms have desktop and mobile versions available.

How do the pricing and plans of TradingView and thinkorswim compare?

TradingView offers a freemium service with different paid plans that provide access to more advanced features and services. Thinkorswim, on the other hand, is a free platform that comes with a TD Ameritrade or Schwab account, offering all features and services without any limitations or restrictions. The plans offered by both platforms differ in terms of details and pricing.

What features does TradingView offer?

TradingView offers a variety of chart types, timeframes, drawing tools, pre-built indicators, and a trader community. It also provides a stock screener, the ability to create custom indicators, and desktop and mobile versions of the platform.

What features does thinkorswim offer?

thinkorswim offers a range of chart types, timeframes, drawing tools, pre-built indicators, and options trading. It also provides a trader community and desktop and mobile versions of the platform.

How do TradingView and thinkorswim compare in terms of compatibility with brokers and asset classes?

TradingView supports a wider range of asset classes, including cryptocurrencies, and integrates with various brokers, offering more flexibility in choosing a broker. thinkorswim, on the other hand, only works with Schwab and TD Ameritrade and primarily focuses on stocks, options, bonds, futures, currencies, and Bitcoin futures. It is more suitable for TD Ameritrade or Schwab customers and traders interested in options trading.

How do TradingView and thinkorswim compare in terms of technical analysis features?

TradingView offers a wide range of charting tools and indicators, while thinkorswim excels in options analysis tools. The suitability of each platform depends on traders’ specific technical analysis needs.

How do TradingView and thinkorswim compare in terms of user interface and design?

TradingView has a more user-friendly and modern interface, while thinkorswim offers a highly customizable interface. The choice between the two platforms depends on user preferences and the impact of user interface and design on the overall trading experience.

How do the pricing and plans of TradingView and thinkorswim differ?

TradingView offers a freemium service with different paid plans that unlock more advanced features and services. thinkorswim, on the other hand, is a free platform that comes with a TD Ameritrade or Schwab account, offering all features and services without any limitations. The pricing and details of the plans differ between the two platforms.

How should I choose between TradingView and thinkorswim?

Choosing between TradingView and thinkorswim depends on individual trading needs and preferences. Consider factors such as compatibility with brokers and asset classes, technical analysis features, user interface and design, and pricing plans before making a decision.

Are there any other trading platforms to consider?

Yes, Webull, Options AI and Robinhood are alternative trading platforms to consider. Consider these platforms if they better align with your trading needs compared to TradingView and thinkorswim.

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