One of the oldest trading platforms, ThinkorSwim by TD Ameritrade, was launched way back in 1975. The platform is known for its extreme customizability and research-packed analytics, which is why it has become a popular choice among the more serious traders. It’s available for three different platforms including mobiles, desktops, and a web-based app. The presence in the market and the level of trust established by this company have been unmatched for years. There’s a reason behind the success and longevity of ThinkorSwim. It’s not just a regular trading platform clone like many others and it has a variety of distinct advantages. Not only does this platform offer a much better pricing strategy than its competitors, but it also allows you to trade at any complexity you want.
In this article, we’re going to take a look at some of the most compelling reasons why you should think about ThinkorSwim for all your trading needs. Most people who are new to trading are oftentimes confused as to which platform they should stick to, and this article can help you choose if you’re confused as well. Not only will newbies benefit from this article, but even the trading veterans will be able to understand why ThinkorSwim is one of the best choices they can make. So without any further delay, let’s get to it and find out why you need to start using ThinkorSwim.
1. The Safety
When you’re investing your hard-earned money by trusting someone, you need to have some solid basis on which to trust them. Saving up money isn’t easy and no one wants to take any sort of unnecessary risk at all. This is why firms like Ameritrade are the safest choice due to their longstanding history of trust and reliability. It was established in 1975 in the USA and since then has been serving its customers with nothing but exemplary service which is why it’s so popular to this day. They also offer what’s known as an asset protection guarantee which assures the customers that they’ll be reimbursed in case they suffer any losses, and if this doesn’t put someone at ease then nothing else can.
2. The Convenience
The convenience of setting up and using a trading account is often underestimated by the more experienced traders, but for a newbie trader, it can be an absolute nightmare to learn so many things at once. This is why ThinkorSwim is chosen by so many people as it’s extremely easy to get into and you can scale the complexity of your interface just as high as you want to. All you have to do to get going is download the app on your device or access the web-based app if you want to. Many people wonder how to download and get started but this step is perhaps the most straightforward one. After you’re done downloading, it takes just a couple of minutes to set it up. If you don’t feel like risking real money then you can also start paper trading using a paper money account. The features to enhance user convenience are endless and you can also find various educational tutorials to learn the basics free of cost.
3. The Reliability
TD Ameritrade specified from the beginning that trading on ThinkorSwim is a high-risk task and not everyone is cut out for it. This shows that the company doesn’t believe in attracting customers by enticing them, there are no false promises and the company delivers whatever it does promise. The customer support is excellent and you can trade 24 hours a day for five days a week which means that you can keep on trading and making money for the maximum amount of time. Even the fees charged by the company are justifiable and you can trust that you’re not being ripped off. With a $0 deposit needed and a $0 commission trading on US exchange-listed stocks, the deal is too good to be passed up for anything else. And lastly, every trader wants fast transactions which is exactly what ThinkorSwim delivers on. The company promises a superfast order execution time which is pretty impressive.
These are some of the many reasons why you should trade with ThinkorSwim, or if you’re already into it, make a switch. There are many more positive points of this platform that can be discussed, however, it would take more than just a single article to do so. There are many good trading platforms, but if trust and reliability at a low cost are your primary criteria for selecting a trading platform then ThinkorSwim is the way to go.