Thinkorswim vs. Tradestation?

Question

Thinkorswim vs. Tradestation?

Answer 1

This is more of an elitetrader.com question not yahoo. I use Tradestation, the software is a pain to use but I need certain features, thinkorswim is prob better.

Answer 2

I am another thinkorswim'r (besides Fidelity for longer term investments).  It makes my head swim trying to figure out what various fees might apply for Tradestation (do you have to pay for real time data, or monthly fee if not a heavy trader?).

Thinkorswim has real time quotes and charts (with pattern predictions), you can see bid and ask beyond current ones, guestimate option prices based on what you crank in for stock price, volitility, and date, and more other technical tools than you can digest in a short period of time.  And the only fees are trade fees when you actually trade (no annual or monthly fees or for real time data).  Default update time is every 3 seconds.

You can try thinkDesktop with PaperMoney by just signing up for an account, but everything is delayed time until you actually fund the account.

Answer 3

I'm not familiar with Tradestation, but I do trade with Thinkorswim.

Base your decision on what you are charged for the commission prices of making your tades and whoever has the best tools for doing technical analysis.

http://webreprints.djreprints.com/195424...

Answer 4

i have tried both of these. But the best one i found was Finexo as here we are working with the best fund managers in the industry. leverage is 1:200 which is very competitive as high leverage creates pressure on traders and lower can under-utilize traders skills and leads to lower profit. One of the highlighting feature of Finexo is that they charge the spread (depending on the currency pair, and account type: mini: 5 pips, classic: 3 pips, VIP: 2 pips,) which is quite low compared to these platforms.

I agree that there are some features of Finexo which are not very competitive as compared to other platforms but the basic requirements like quick response by customer services, low fees, minute chart analysis, expert views, fund managers are the very well managed by these people.