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TC2000 vs. thinkorswim – A Detailed Comparison

Discover our detailed comparison of TC2000 and thinkorswim to help determine which is best for you. Whether you’re a seasoned trader or just starting out, choosing the right platform can significantly impact your trading experience. 

To make your research easier, we manually found key data for TC2000 and thinkorswim across the internet and compiled it all in this article. 

Overview of TC2000

TC2000 is a stock and options trading brokerage that also provides charting, screening, and options charting capabilities. While the software is good, there are various cheaper brokers available that do not charge for equity trading and have lower options commission, such as thinkorswim and tastytrade.

Overview of thinkorswim

thinkorswim was founded by Tom Sosnoff in the late 90s, and is one of the most popular trading platforms today. thinkorswim allows you to use advanced charting tools, custom indicators, screeners, trade options, and more! thinkorswim itself is not a brokerage, but is compatible with Schwab and TD Ameritrade customers.

Key Characteristics of TC2000 and thinkorswim

FeatureTC2000thinkorswim
Platform TypeBrokerage PlatformTrading Platform (Schwab)
Tradeable AssetsStocks, ETFs, & OptionsStocks, ETFs, Mutual Funds, Options, Index Options, Futures, Futures Options, Bonds
Charting FeaturesDownloadable desktop platform, no free optionsDownloadable desktop platform and web app
DataMust buy real-time dataReal-time data with funded account
Premium Pricing$8-$50 per monthNo premium features

Who is TC2000 Best For?

TC2000 is best for traders who don’t mind paying extra for advanced features like IB SmartRoutingSM, which helps ensure you get the best order fills. However, similar and cheaper brokerages like tastytrade provide excellent order fills, and charge significantly less commissions. If you are looking primiarly for a charting platform, consider using TradingView since most of its features are free to use.

Who is thinkorswim Best For?

thinkorswim is best for traders who already use Schwab or TD Ameritrade, and want an excellent trading platform for technical analysis, options trading, news, and more!

Trading Features and Tools

FeatureTC2000thinkorswim
DRIPNoYes, no fees
Margin TradingYesYes
InsuranceSIPC InsuredNot a broker
Mobile AppYesYes

Trading Costs and Commissions Compared

Fee TypeTC2000thinkorswim
Equity Commission$1 + $0.005 per shareFree
Option Commission$1 + $0.65 per contract$0.65 per contract
Futures CommissionNo futures$2.25 per contract
Futures Options CommissionNo futures options$2.25 per contract
Option Exercise FeeNoneNone

TC2000 vs thinkorswim – Bottom Line

Choosing between TC2000 and thinkorswim depends on your specific trading needs, preferred trading tools, and the type of assets you’re interested in. 

Both platforms offer distinct advantages, but by considering the detailed comparison above, you can select the one that aligns best with your trading strategy and goals.

For more detailed reviews and comparisons, continue exploring our other articles on brokerage platform comparisons.

What is the Overall Best Charting Software?

I have reviewed and used nearly every trading platform available, and I believe that TradingView is the best overall charting software available. Here are some reasons why:

  • All of TradingView’s key features are free to use
  • TradingView provides real-time data for free whenever possible
  • You are not tied to a single broker and can use whichever you want while charting on TradingView
  • You can track all markets on a single platform, including stocks, ETFs, crypto, forex, and futures.
  • TradingView has an excellent economic calendar and various screeners

If you sign up for a TradingView account using my affiliate link, you can get a 30-day free trial of its premium features plus a $15 credit toward your subscription. However, signing up for a free trial is not required, and you can use nearly all of its features with a basic free account. You can read my full review of TradingView to learn more. 

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