What Thinkorswim Does Not Offer and Alternatives For Each
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 eToro.
When searching for a Thinkorswim alternative there are a few things you need to check. The Thinkorswim trading platform alternative that you decide upon needs to offer features and have trading fees that match your investment strategies and trading requirements. We offer a detailed list and examination of all 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 does not offer something 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 dont worry we have compiled a list of the best alternatives further 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
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| Rating | ★★★☆☆ 3/5 | ★★★★☆ 4/5 | ★★★★☆ 4/5 |
| 💻 Trading Platforms | Desktop,Android,Tablet,iPhone | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | Web Trader, Tablet & Mobile apps |
| 📋 Instruments Available | 224 | 232 | 2000 |
| 📈 Stocks Offerd | 110 | 2042 | |
| 💎 Cryptocurrency | NO | Yes | Yes |
| 💹 Forex Pairs | 65 | 50 | |
| 📈 Commodities | 0 | 19 | 31 |
| 💰 Min Deposit | 100 | 200 | 10 |
| 👱♂️ Used By | 10,000 users | 180,000 users | 27,000,000 users |
| 📆 Founded | 2008 | 2007 | 2007 |
| 👮♂️ 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) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) |
| 🌍 HQ | United States | Australia | Cyprus, UK |
| 🚫 Excluded Countries | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI, VG, AN, | |
| Risk Warning | Your capital is at risk | Losses can exceed deposits | 78% of retail investor accounts lose money when trading CFDs with this provider. |
If you want to see a more indepth feature by feature Thinkorswim alternative comparison, you can scroll further down here.
Thinkorswim Alternatives List
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% 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.
Past performance is not an indication of future results.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
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 IC Markets
IC Markets is the best alternative broker to Thinkorswim. IC Markets has been in operation for over 12 years.
IC Markets, as a brokerage is regulated. This means IC Markets are supervised by and checked for conduct by the Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
If Thinkorswim or IC Markets are not what you are looking for try eToro.
With Thinkorswim, Your capital is at risk
With IC Markets, 78% of retail investor accounts lose money when trading CFDs with this provider.
With eToro, Losses can exceed deposits
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)
Here are some of the key reasons why traders choose IC Markets and eToro over Thinkorswim
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IC Markets
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eToro
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Roboforex
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| Brokerage Rating | |||
| Regulator | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC) |
| Min Deposit | 200 | 10 | 1 |
| Min Trade | 0.01 Lot | $25 | 0.01 Lot |
| Platforms | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps |
| Risk Warning | Losses can exceed deposits | 78% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits |
| Visit IC Markets | Visit eToro | Visit Roboforex |
If you want to read more about IC Markets, we have put together an in-depth IC Markets review that explores their platform, spreads, and trading conditions in more detail.
If IC Markets does not match your criteria, have a look at the 10 best Thinkorswim alternatives below.
