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thinkorswim

Trading Tools

thinkorswim is an advanced trading platform originally developed by thinkorswim Group and acquired by TD Ameritrade, which was subsequently acquired by Charles Schwab in 2020. The platform is widely considered one of the most sophisticated trading platforms available to retail traders. thinkorswim offers professional-grade charting, advanced options analysis, paper trading, and extensive customization options. The platform supports stocks, options, futures, forex, and futures options. thinkorswim is particularly noted for its thinkScript language for custom indicators and strategies, and its comprehensive backtesting capabilities.

Data status: partially verifiedLast verified: 2026-08-03Provider website

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Catalog tags

Active Traders Options Traders Algorithmic Traders
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Risk Warning

Trading financial instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Leverage trading can amplify both profits and losses. Past performance is not indicative of future results. Before trading, please consider your level of experience, investment objectives, and seek independent financial advice if necessary.

Key Features

Professional Charting
Options Analysis
Paper Trading
thinkScript
Backtesting
Advanced Order Types
Multi-asset Support

Listed highlights

  • Industry-leading platform
  • Advanced options tools
  • Custom indicators with thinkScript
  • Paper trading with realistic simulation
  • Free with Schwab account

Listed considerations

  • • Steep learning curve
  • • Overwhelming for beginners
  • • Requires Schwab account
  • • Mobile app limited compared to desktop

Quick Comparison

FeaturethinkorswimcTraderTradingViewCoinGeckoCoinMarketCap
RatingNot availableNot availableNot availableNot availableNot available
PricingFree with SchwabBroker and product dependentFree and paid plansFree web access; API plans varyFree web access; API plans vary
Founded19992010201120142013
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Frequently Asked Questions

Is thinkorswim free to use?
Yes, thinkorswim is completely free to use with a Charles Schwab brokerage account. There are no platform fees or subscription costs. You only pay standard trading commissions and fees.
What is thinkScript?
thinkScript is thinkorswim's proprietary programming language that allows you to create custom indicators, studies, and trading strategies. It's similar to Pine Script on TradingView but more advanced.
Does thinkorswim offer paper trading?
Yes, thinkorswim includes a paper trading feature called 'paperMoney' that provides $100,000 in virtual funds to practice trading. The paper trading environment mirrors live markets with realistic execution.
Pricing
Free to use with a Charles Schwab brokerage account. No additional platform fees. Trading commissions and fees apply according to Schwab's standard pricing.
Min Deposit
$0
Founded
1999
Mobile App
Yes
Demo Account
Yes
Withdrawal
Via Schwab Account
Support
Via Schwab Support
Regulation
SECFINRA

Licence number and legal-entity verification: not recorded. Check the regulator directly.

Platforms
Desktop (Windows/Mac)WebiOSAndroid
Deposit Methods
Via Schwab Account