Yo Guys today is the last topic on Internet trading brokers. I will cover Thinkorswim. Thinkorswim is a rather new internet trading brokers. They founded in 1999 and headquartered in Chicago, is a leading online brokerage company specializing in options.
They support retail and institutional traders through their own trading platforms which are widely recognized as the industry’s best for execution, professional analytics and real-time position management.
They have revolutionized the option industry by teaching and executing complex, non-directional option strategies with single-click functionality that has now become the industry standard. Thinkorswim continues to evolve the financial marketplaces by delivering products that benefit the customer whether you are hedging, speculating or enhancing returns.
Thinkorswim is like a combination of OX and IB. I shall elaborated further now.
Benefits:
- Nice chart like OX but only can stream a chart at a time
- Plenty of educational tools
- User friendly platform (easy to use the trading workstation)
- Rather cheap commision per trade ... 2.50 - 3 bucks
The trading workstation is more or less similar to OX. I would prefer thinkorswim than OX, but i will still use the chart from OX. The platform that i will use is IB because im a scapler and a day trader so i need the lowest commision rate platform. So What Kind of Platform you need ?
dun wait and go check it out yourself =P
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1 comment:
Lawrence,
Just a few comments about TOS platform:
1) You can actually stream a few charts at the same time in TOS platform. You can do so either in "TOS charts" or "Prophnet".
2) Commission cost is $1.50 per contract (and not $2 to $3). You just need to know how to get it.
3) The live chat support is excellent because the helpers were all ex-floor traders from the OEX pit at CBOE. Compared to IB which is a pure online discount broker without any techical support, you can make a judgment.
4) Shadowtrader live commentary every night from 9:15am to 11:30am EST and from 1:30pm EST to 4:00pm is free for TOS users. Lots of education materials on how to scalp the market or how to read a particular chart. By far, OX and IB cannot even match that.
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