The presence of the paperMoney demo mode (2 virtual accounts for $ 100,000 virtual money). TWS has a bond scanner that can search for government and corporate debt.ħ. Scanners for searching stocks it is possible to create unique scanners for yourself by changing parameters, filters, values.Ħ. It is possible to write/order a scanner for your needs.ĥ. TOS scanners – convenient stock search by a wide range of criteria. You can create your own indicators using ThinkScript.ĥ. A lot of built-in indicators (search for stocks and draw signals on the chart). Calendars of events and dividends filters.Ĥ. Financial research – there is the possibility of broadcasting a live broadcast of the CNBC business television channel.ģ. Interactive Brokers brokerage firm in the market since 1978 (41 years).Ģ. Broker TD Ameritrade in the market since 1971 (49 years).ġ. And now, in more detail, why exactly, you can understand by looking at the table.ġ. Interactive Brokers and TWS are only used to send orders to the market. An account for trading is opened already with a local broker. For technical analysis and stock selection, we use Thinkorswim, because TOS trading platform has a huge number of built-in indicators, scanners with convenient stock search, filters, etc. The standard use case is usually as follows. Which trading platform will be convenient and profitable for everyone to decide for themselves.
It systematizes information and presents the pros and cons, advantages and disadvantages of the TOS and TWS platforms. To compare trading platforms, please take a look at the table below. ThinkOrSwim trading platform from TD Ameritrade vs TWS from Interactive Brokers What are the pros and cons of two trading platforms: Thinkorswim and Trader Workstation