Wednesday, June 20, 2007

Thinkorswim (TOS)

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.

By Greeksman

Thanks for the input especially for the commission cost.

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