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.
- Pricing: $8-$50/month
- Charges commissions for stock & options
- Includes basic volume profile and indicators
Overview of TC2000
TC2000
- ✓ Pricing: $8-$50/month
- ✓ Charges commissions for stock & options
- ✓ Includes basic volume profile and indicators
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.
TC2000 is 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.
Overview of thinkorswim
thinkorswim
- ✓ Customizable charting tools
- ✓ Paper trading features
- ✓ Free for Schwab accounts
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.
thinkorswim is 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!
Key Characteristics of TC2000 and thinkorswim
| Provider | Platform Type | Tradeable Assets | Charting Features | Data | Premium Pricing |
|---|---|---|---|---|---|
| TC2000 Get $25 Off | Brokerage Platform | Stocks, ETFs, & Options | Downloadable desktop platform, no free options | Must buy real-time data | $8-$50 per month |
| thinkorswim Learn More | Trading Platform (Schwab) | Stocks, ETFs, Mutual Funds, Options, Index Options, Futures, Futures Options, Bonds | Downloadable desktop platform and web app | Real-time data with funded account | No premium features |
Trading Features and Tools
| Provider | DRIP | Margin Trading | Insurance | Mobile App |
|---|---|---|---|---|
| TC2000 Get $25 Off | No | Yes | SIPC Insured | Yes |
| thinkorswim Learn More | Yes, no fees | Yes | Not a broker | Yes |
Trading Costs and Commissions Compared
| Fee Type | TC2000 Get $25 Off | thinkorswim Learn More |
|---|---|---|
| Equity Commission | $1 + $0.005 per share | Free |
| Option Commission | $1 + $0.65 per contract | $0.65 per contract |
| Futures Commission | No futures | $2.25 per contract |
| Futures Options Commission | No futures options | $2.25 per contract |
| Option Exercise Fee | None | None |
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
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- Advanced Charts
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