Discover our detailed comparison of TrendSpider 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 TrendSpider and thinkorswim across the internet and compiled it all in this article.
Key Characteristics of TrendSpider and thinkorswim
| Provider | Platform Type | Tradeable Assets | Charting Features | Data | Premium Pricing |
|---|---|---|---|---|---|
| TrendSpider 25% Off Code: FTW25 | Charting Software | Not a broker, but you can chart stocks, ETFs, futures, crypto, and forex | Advanced web-based and mobile charting platform | Real-time data included in subscription price | $74-$149 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 |
Overview of TrendSpider
TrendSpider is an advanced charting platform where you can track all markets with real-time data. It offers automated technical analysis featires, several indicators, raindrop charts, volume profile, and more.
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.
Who is TrendSpider Best For?
TrendSpider is best for those who want a premium charting service and don’t mind paying a bit more than TradingView. It is especially good for those who rely heavily on technical analysis and want access to advanced indicators like the volume profile plus automated analysis.
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
| Provider | DRIP | Margin Trading | Insurance | Mobile App |
|---|---|---|---|---|
| TrendSpider 25% Off Code: FTW25 | Not a broker | Not a broker | Not a broker | Yes |
| thinkorswim Learn More | Yes, no fees | Yes | Not a broker | Yes |
Trading Costs and Commissions Compared
| Fee Type | TrendSpider 25% Off Code: FTW25 | thinkorswim Learn More |
|---|---|---|
| Equity Commission | Not a broker | Free |
| Option Commission | Not a broker | $0.65 per contract |
| Futures Commission | Not a broker | $2.25 per contract |
| Futures Options Commission | Not a broker | $2.25 per contract |
| Option Exercise Fee | Not a broker | None |
TrendSpider vs thinkorswim – Bottom Line
Choosing between TrendSpider 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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