Top thinkorswim Alternatives for Savvy Traders
Trade with thinkorswim. It’s not just a trading platform. It’s an experience. Trade equities, options, futures, forex, or paper money. While thinkorswim offers a robust trading experience, traders often seek alternatives that better align with specific needs, whether it's for lower costs, different platform features, or a particular market focus. This guide explores some of the best thinkorswim alternative options available today.
Best thinkorswim Alternatives
Looking to broaden your trading horizons or find a platform that offers a unique set of tools and features? Here are some top contenders that provide excellent alternatives to thinkorswim, catering to various trading styles and preferences.
MetaTrader
MetaTrader is a world-leading multi-asset platform that allows trading Forex, Stocks, Futures and CFDs. It's a fantastic thinkorswim alternative due to its widespread availability across Free, Windows, Web, Android, iPhone, Android Tablet, iPad, and Wine platforms. Key features like Automated Trading, Price alerts, Algorithmic trading, Charts, and Fundamental analysis make it a versatile choice for a wide range of traders.
Quantower
Quantower® is a modern and high-performance trading platform developed for professional and retail traders. As a Freemium and Commercial Windows application, it stands out as a strong thinkorswim alternative, especially for those focusing on Automated Trading, Futures trading, Options trading, and detailed Volume analysis.
PTMC
PTMC | Protrader Multi-Connect is designed for both professional and retail day traders or investors who want to trade stocks, options, futures, forex, ETFs, and OTC. This Commercial platform for Windows and Web is a robust thinkorswim alternative, offering Automated Trading, Customizability, Futures trading, Options trading, and Volume analysis.
Protrader
Protrader is a professional multi-asset trading platform that offers a trading environment on all major markets including forex, options, stocks, futures and CFDs. Available as a Free application on Windows, Web, Android, and iPhone, it serves as a great thinkorswim alternative with features like Automated Trading, Futures trading, and Options trading.
Sierra Chart
Sierra Chart is a professional Trading platform for the financial markets, supporting Manual, Automated and Simulated Trading. This Freemium Windows platform is an excellent thinkorswim alternative for those seeking Portable functionality, Automated Trading, Futures trading, and Options trading.
DEGIRO
DEGIRO is Europe's fastest growing online stock broker, distinguishing itself by offering extremely low trading commissions. Available for Free on Web, Android, and iPhone, DEGIRO serves as a cost-effective thinkorswim alternative for those prioritizing low fees in their trading.
AmiBroker
AmiBroker is a professional tool for individual investors featuring advanced formula language for writing indicators and trading systems. As a Commercial Windows application, it's a strong thinkorswim alternative, especially for users who value Backtesting, Exchange trading, and Portfolio management capabilities.
X OPEN HUB
XOH Trader is a complete, multi-asset trading platform for your brokerage. The platform is empowered with MAM, social trading and binary options capabilities. This Commercial platform, available across Mac, Windows, Linux, Android, iPhone, iPad, and Android Wear, offers a comprehensive trading platform as a thinkorswim alternative.
ProRealTime
ProRealTime offers online trading, charting and technical analysis of stocks, futures, forex and commodities. As a Freemium platform accessible on Mac, Windows, Linux, and Web, it’s a powerful thinkorswim alternative with features like Automated Trading, Stock screener, and extensive charting tools.
Ninjatrader
Regardless of what markets you trade, what style of trader you are or if you require real time or end of day analytics, the NinjaTrader trading platform provides you the tools. This Freemium Windows platform is a strong thinkorswim alternative, featuring Algorithmic trading, Backtesting, Futures trading, and Self-Serve Capability.
Ultimately, the best thinkorswim alternative depends on your individual trading goals, preferred asset classes, budget, and desired level of platform sophistication. We encourage you to explore these options further to find the perfect fit for your trading journey.