Best Thinkorswim Alternatives for 2021

What Thinkorswim Does Not Offer and Alternatives For Each

There are many reasons Thinkorswim may not be a good fit for your trading needs. For whatever reason you are looking for a better Thinkorswim alternative or Thinkorswim competitor with similar services. We try to give you as much useful information so you can find what it is you need. We show the best Thinkorswim alternatives below.

For each of these Thinkorswim alternatives, we also highlight the key differences and resemblances with Thinkorswim. For every Thinkorswim alternative trading platform we list we also have detailed trading platform reviews and guides elsewhere on this website, all based on real experiences trading on live Thinkorswim and other brokerage accounts. If you are not happy with Thinkorswim, let us show you some great alternative brokerages.

Having a reputable and dependable broker is crucial to your trading success. All of the alternative brokers we list below have good reputations and match what you are looking for.

We have listed some reasons why Thinkorswim may not be the best broker for you. But dont worry we have compiled a list of the best alternatives further below.

thinkorswim alternatives
Thinkorswim Summary

• Thinkorswim is used by over 10,000 users (Look here for Thinkorswim alternatives that are used by more traders)
• Thinkorswim has a minimum deposit of $100 (Look here for Thinkorswim alternatives that require less minimum deposit)
• Thinkorswim has a minimum trade requirement of varies (Look here for Thinkorswim alternatives that require a lower minimum trade)
• Thinkorswim has a maximum deposit of varies (Look here for Thinkorswim alternatives that has a similar or greater maximum trade limit)
• Thinkorswim has 1 awards (Look here for Thinkorswim alternatives with more awards)

thinkorswim alternatives
Thinkorswim Tradable Financial Assets

• Thinkorswim offers traders over 224 tradable instruments (Look here for Thinkorswim alternatives offering a similar amount or more tradable instruments)
• Thinkorswim offers over 0 shares (Look here for Thinkorswim alternatives offering more tradable shares)
• Thinkorswim does not offer US Shares (Look here for Thinkorswim alternatives offering US Stocks and Shares)
• Thinkorswim offers UK Shares (Look here for Thinkorswim alternatives offering UK Stocks and shares)
• Thinkorswim does not offer German Shares (Look here for Thinkorswim alternatives offering German Stocks and shares)
• Thinkorswim does not offer Japanese Shares (Look here for Thinkorswim alternatives offering Japanese Stocks and shares)
• Thinkorswim offer Indices trading (Look here for Thinkorswim alternatives offering Indices trading)
• Thinkorswim offers 0 commodities (Look here for Thinkorswim alternatives offering more tradable commodities)
• Thinkorswim does not offer trading in metals (Look here for Thinkorswim alternatives offering metal commodities)
• Thinkorswim does not offer trading in energy commodities (Look here for Thinkorswim alternatives offering energy commodities)
• Thinkorswim does not offer trading in agricultural commodities (Look here for Thinkorswim alternatives offering agricultural commodities)
• Thinkorswim offers trading on the Forex markets (Look here for Thinkorswim alternatives offering Forex trading)
• Thinkorswim offers Forex Pairs (Look here for Thinkorswim alternatives offering a similar amount or more Forex Pairs)
• Thinkorswim offers trading with Major Forex Pairs (Look here for Thinkorswim alternatives offering Major Forex Pairs trading)
• Thinkorswim does not offer trading with Minor Forex Pairs (Look here for Thinkorswim alternatives offering Minor Forex Pairs trading)
• Thinkorswim offers trading with Exotic Forex Pairs (Look here for Thinkorswim alternatives offering Exotic Forex Pairs trading)
• Thinkorswim does not offer trading in Cryptocurrencies (Look here for Thinkorswim alternatives offering cryptocurrency trading)
• Thinkorswim offer CFD trading (Look here for Thinkorswim alternatives offering CFD trading)
• Thinkorswim does not offer Social Trading (Look here for Thinkorswim alternatives offering Social Trading accounts)

thinkorswim alternatives
Thinkorswim Trading Account Features

• ECN accounts are not offered by Thinkorswim (Look here for Thinkorswim alternatives offering ECN accounts)
• STP accounts are not offered by Thinkorswim (Look here for Thinkorswim alternatives offering STP accounts)
• Thinkorswim does not offer MT4 (See Thinkorswim alternatives offering the MT4 trading platform here)
• MT5 is not offered by Thinkorswim (find Thinkorswim alternatives that offer the MT5 trading platform here)
• cTrader is not offered by Thinkorswim (find Thinkorswim alternatives offering the cTrader trading platform here)
• Thinkorswim does not offer Micro accounts (Check here for Thinkorswim alternatives offering micro accounts)
• Thinkorswim does offer VIP accounts (Check here for Thinkorswim alternatives offering VIP accounts)
• Thinkorswim does offer Islamic accounts (Check here for Thinkorswim alternatives offering Islamic accounts)
• Thinkorswim does offer Demo accounts (Check here for Thinkorswim alternatives offering Demo accounts)
• Thinkorswim does not offer Spread Betting accounts (Search for Spread Betting brokers here)
• Thinkorswim does not allow Scalping (See brokers for scalping here)

thinkorswim alternatives
Thinkorswim Risk Management Features

• Thinkorswim does not allow hedging (See brokers for Hedging here)
• Thinkorswim does not offer negative balance protection (See Thinkorswim alternatives who offer negative balance protection here)
• Thinkorswim does not offer Guaranteed Stop Loss (See Thinkorswim alternatives who offer Guaranteed Stop Loss here)
• Thinkorswim does not offer limit orders (See Thinkorswim alternatives who offer limit orders here)
• Thinkorswim does not offer trailing stops (See Thinkorswim alternatives who offer trailing stops here)
• Thinkorswim does not offer price alerts (See Thinkorswim alternatives who offer price alerts here)

thinkorswim alternatives
Thinkorswim Fees

• Thinkorswim does not have inactivity fees (See Thinkorswim alternatives who don’t have inactivity fees here)
• Thinkorswim does not have withdrawal fees (See Thinkorswim alternatives who don’t have withdrawal fees here)
• Thinkorswim does not have deposit fees (See Thinkorswim alternatives who don’t have deposit fees here)

thinkorswim alternatives
Thinkorswim Regulation

• Thinkorswim are not regulated by the FCA (Financial Conduct Authority) (Look here for Thinkorswim alternatives offering FCA regulated brokers)
• Thinkorswim are not regulated by CySEC (Cyprus Securities and Exchange Commission) (Look here for Thinkorswim alternatives offering CySEC regulated brokers)
• Thinkorswim are not regulated by the MiFID (Markets In Financial Instruments Directive) (Look here for Thinkorswim alternatives offering MiFID regulated brokers)
• Thinkorswim are not regulated by the ASIC (Australian Securities and Investments Commission) (Look here for Thinkorswim alternatives offering ASIC regulated brokers)
• Thinkorswim are not regulated by the FSCA (Financial Sector Conduct Authority) (Look here for Thinkorswim alternatives offering FSCA regulated brokers)
• Thinkorswim are not regulated by the DFSA (Dubai Financial Services Authority) (Look here for Thinkorswim alternatives offering DFSA regulated brokers)
• Thinkorswim are not regulated by the MAS (Monetary Authority of Singapore) (Look here for Thinkorswim alternatives offering MAS regulated brokers)
• Thinkorswim are not regulated by the FSA (Financial Services Authority) (Look here for Thinkorswim alternatives offering FSA regulated brokers)

thinkorswim alternatives
Thinkorswim Desktop Computer and Mobile Device Support

• Thinkorswim Offers an online trading platform available to all desktop and mobile devices with an internet connection. (See Thinkorswim alternatives that offer an online trading platform here)
• Thinkorswim does not offer a bespoke application for Microsoft Windows Desktop computers (See Thinkorswim alternatives that support desktop Windows users here)
• Thinkorswim does offer a bespoke application for Apple Mac Desktop computers (See Thinkorswim alternatives that support desktop Apple Mac users here)
• Thinkorswim does offer a bespoke application for mobile devices (See Thinkorswim alternatives that support mobile device users here)
• Thinkorswim does not offer a bespoke application for IOS Devices (See Thinkorswim alternatives for IOS users here)
• Thinkorswim does not offer a bespoke application for Android Devices (See Thinkorswim alternatives for Android users here)
• Thinkorswim does offer live chat support (See Thinkorswim alternatives that offer live chat support here)

Below is an extensive list of the best alternatives to Thinkorswim based on our unique 256 point criteria.

Top alternative for Thinkorswim is eToro

Top Pick 1 4/5 rating

eToro is the best alternative broker to Thinkorswim. eToro has been in operation for over 14 years.

eToro, as a brokerage is regulated. This means eToro are supervised by and checked for conduct by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)

If Thinkorswim or eToro are not what you are looking for try XTB.

With Thinkorswim, Your capital is at risk

With eToro, 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

With XTB, Losses can exceed deposits

Top Pick 2 4/5 rating

XTB, as a brokerage is regulated. This means XTB are supervised by and checked for conduct by the Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG)

Here are some of the key reasons why traders choose eToro and XTB over Thinkorswim

	eToro	XTB	IC Markets
Brokerage Rating	★★★★☆ (4/5)	★★★★☆ (4/5)	★★★★☆ (4/5)
Regulator	Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)	Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG)	Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Min Deposit	200	0	200
Min Trade	$25	0.01 Lot	0.01 Lot
Platforms	Web Trader, Tablet & Mobile apps	MT4, Mirror Trader, Web Trader, Tablet & Mobile apps	MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac
Risk Warning	67% of retail investor accounts lose money when trading CFDs with this provider.	79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.	Losses can exceed deposits
	Visit eToro	Visit XTB	Visit IC Markets

If you want to read more about eToro, we have put together an in-depth eToro review that explores their platform, spreads, and trading conditions in more detail.

If eToro does not match your criteria, have a look at the 10 best Thinkorswim alternatives below.