Best Thinkorswim Alternatives for 2022

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 eToro or IC Markets.

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 eToro

Rating	★★★☆☆ 3/5	★★★★☆ 4/5	★★★★☆ 4/5
💻 Trading Platforms	Desktop,Android,Tablet,iPhone	Web Trader, Tablet & Mobile apps	MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac
📋 Instruments Available	224	2000	232
📈 Stocks Offerd		2042	110
💎 Cryptocurrency	NO	Yes	Yes
💹 Forex Pairs		50	65
📈 Commodities	0	31	19
💰 Min Deposit	100	10	200
👱‍♂️ Used By	10,000 users	20,000,000 users	180,000 users
📆 Founded	2008	2007	2007
👮‍♂️ Regulation	Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)	Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)	Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
🌍 HQ	United States	Cyprus, UK	Australia
🚫 Excluded Countries		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, US, PY, HN, GT, PR, NI, VG, AN,	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
Risk Warning	Your capital is at risk	67% of retail investor accounts lose money when trading CFDs with this provider.	Losses can exceed deposits

If you want to see a more indepth feature by feature Thinkorswim alternative comparison, you can scroll further down here.

Thinkorswim Alternatives List

eToro

★★★★☆ (4/5)

Min deposit : 10

Visit eToro Read review

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.

eToro was established in 2007 and is used by over 20000000+ traders. 67% of retail investor accounts lose money when trading CFDs with this provider. eToro offers Stocks, Commodities, Forex, CFDs, Social Trading, Indices, Cryptocurrency, Index Based Funds, Exchange Traded Funds (ETF). Cryptocurrency availability with eToro is subject to regulation. Buying and selling real cryptocurrency assets may not be available in your country through eToro. Please check the latest information made available on their website.

Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)

IC Markets

★★★★☆ (4/5)

Min deposit : 200

Visit IC Markets Read review

IC Markets was established in 2007 and is used by over 180000+ traders. Losses can exceed deposits IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. Cryptocurrency availability with IC Markets is subject to regulation.

Regulated by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)

AvaTrade

★★★★☆ (4/5)

Min deposit : 100

Visit AvaTrade Read review

AvaTrade was established in 2006 and is used by over 300000+ traders. 71% of retail investor accounts lose money when trading CFDs with this provider AvaTrade offers Forex, Cryptocurrencies, Commodities, Indices, Stocks, Bonds, Vanilla Options, ETFs, CFDs, Spread Betting, Social Trading . Cryptocurrency availability with AvaTrade is subject to regulation.

Regulated by Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049)

XTB

★★★★☆ (4/5)

Min deposit : 0

Visit XTB Read review

XTB was established in 2002 and is used by over 250000+ traders. 74% 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. XTB offers Forex, CFDs, Cryptocurrency. Cryptocurrency availability with XTB is subject to regulation.

Regulated by 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), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa

Roboforex

★★★★☆ (4/5)

Min deposit : 1

Visit Roboforex Read review

Roboforex was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits Roboforex offers Forex, CFDs.

Regulated by Cyprus Securities and Exchange Commission (CySEC)

FP Markets

★★★★☆ (4/5)

Min deposit : 100

Visit FP Markets Read review

FP Markets was established in 2005 and is used by over 10000+ traders. Losses can exceed deposits FP Markets offers Forex, CFDs.

Regulated by Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC)

Pepperstone

★★★★☆ (4/5)

Min deposit : 200

Visit Pepperstone Read review

Pepperstone was established in 2010 and is used by over 89000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% 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 Pepperstone offers Forex, CFDs, Social Trading.

Regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217

Plus500

★★★★☆ (4/5)

Min deposit : 100

Visit Plus500 Read review

Plus500 was established in 2008 and is used by over 15500+ traders. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Plus500 offers CFDs.

Regulated by Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039), Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules

XM

★★★★☆ (4/5)

Min deposit : 5

Visit XM Read review

XM was established in 2009 and is used by over 3500000+ traders. Your capital is at risk XM offers Forex, CFDs.

Regulated by International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)

EasyMarkets

★★★★☆ (4/5)

Min deposit : 100

Visit easyMarkets Read review

easyMarkets was established in 2001 and is used by over 142500+ traders. Your capital is at risk easyMarkets offers CFD, Forex, Commodities, Indices, Shares, Crypto. Cryptocurrency availability with easyMarkets is subject to regulation.

Regulated by Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)

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 IC Markets.

With Thinkorswim, Your capital is at risk

With eToro, Losses can exceed deposits

With IC Markets, 71% of retail investor accounts lose money when trading CFDs with this provider

Top Pick 2 4/5 rating

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)

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

	eToro	IC Markets	AvaTrade
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)	Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)	Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049)
Min Deposit	10	200	100
Min Trade	$25	0.01 Lot	0.01 Lot
Platforms	Web Trader, Tablet & Mobile apps	MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac	Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5
Risk Warning	67% of retail investor accounts lose money when trading CFDs with this provider.	Losses can exceed deposits	71% of retail investor accounts lose money when trading CFDs with this provider
	Visit eToro	Visit IC Markets	Visit AvaTrade

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.