Thinkorswim Alternative Brokers Compared
We found when trading having a broker you can rely on is essential. If Thinkorswim does not match your requirements we explain the top Thinkorswim alternatives and Thinkorswim competitors in this guide.
The best alternative for Thinkorswim is IC Markets or Roboforex.
When searching for a Thinkorswim alternative, there are a few things you need to check. The Thinkorswim trading platform alternative you decide upon needs features and trading fees that match your investment strategies and trading requirements.
We offer a detailed list and examination of the top Thinkorswim alternatives and competitors feature by feature further below this Thinkorswim alternatives guide.
If you are looking for a trading platform that offers similar features to Thinkorswim or Thinkorswim. Or if you are looking for features that Thinkorswim does not offer that you require when trading, we will show you the best Thinkorswim alternative options below.
We highlight the pros and cons of each Thinkorswim alternative. Maybe you are looking for better customer service from a Thinkorswim alternative or more competitive Thinkorswim fees and more financial instruments to trade.
We have listed some reasons why Thinkorswim may not be the best broker for you. But don't worry. We have compiled a list of the best alternatives below.
- Thinkorswim does not allow hedging (See brokers for Hedging here)
- Thinkorswim does not allow Scalping (See brokers for scalping here)
- 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)
Top Thinkorswim Alternative is IC Markets
| Broker |  |
 |
 |
|---|---|---|---|
| Rating | ★★★☆☆ 3/5 | ★★★★☆ 4/5 | ★★★★☆ 4/5 |
| 💻 Trading Platforms | Desktop,Android,Tablet,iPhone | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps |
| 📋 Instruments Available | 224 | 2250 | 100 |
| 📈 Stocks Offered | 2100 | 0 | |
| 💎 Crypto | NO | Yes | No |
| 💹 Forex Pairs | 61 | 35 | |
| 📈 Commodities | 0 | 20 | 21 |
| 💰 Min Deposit | 100 | 200 | 10 |
| 👱♂️ Used By | 10,000+ users | 180,000+ users | 1,000,000+ users |
| 📆 Founded | 2008 | 2007 | 2009 |
| 👮♂️ Regulation | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund |
| 🌍 HQ | United States | Australia | Belize |
| 🚫 Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | |
| Risk Warning | Your capital is at risk | Losses can exceed deposits | Losses can exceed deposits |
If you want to see a more indepth feature by feature Thinkorswim alternative comparison, you can scroll further down here.
