Thinkorswim is an electronic trading platform where users can trade stocks, options, and futures. TD Ameritrade owns the platform since 2009. Apart from trading services, the platform also offers trading tools, educational material, and analytics. If you have a TD Ameritrade account you get free access to the platform.
With the thinkScript coding language you can develop your own trading tools and graphical data. It uses thinkScript functions, which are like functions of other programming languages. Whenever your trading script contains an error it shows up as red and you can fix it easily.
Thinkorswim Investools SEC Investigation
In 2009 the U.S. Securities and Exchange Commission investigated Investools (owned by Thinkorswim) because it used misleading sales practices. Motivational speakers acted as full-time traders who became rich by trading and promised students they would achieve the same by using their trading strategies.
The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of the best online brokers. Trading platform, fees, mobile trading, payments, assets, regulation, education, and research are all part of our six-month evaluation of a broker’s trading platform. The rating scale was based on thousands of data points that have been weighted into the scoring system. Brokerages were required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online brokers we reviewed. Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.