E-mail addresses are displayed for thinkorswim support. Additionally, there are chat rooms where traders can talk with each other. Thinkorswim also has a chat function where users can reach out to a company associate.
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There is also a help manual that provides information on just about all the features of the software. StreetSmart Edge has an on-line chat function that is available from 8 am till 6 pm, EST, during the week. On the platforms, there are other routes of finding assistance.
Like Schwab’s software, right-clicking on a chart in thinkorswim produces several options, including the ability to enter buy and sell orders.īoth brokers offer general customer service 24 hours a day, 7 days a week.
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TD Ameritrade’s software also has more drawing tools, including more Fibonacci functions, Andrew’s Pitchfork, and a text box, to name a few. While StreetSmart Edge has only about 40 technical studies, thinkorswim has 400. Right-clicking on the chart produces several options, including alerts and a handy trade box. A stock’s price history can be shown tick-by-tick for the day, or candlesticks can be displayed on a monthly basis stretching back 20 years.
StreetSmart Edge has several drawing gizmos, including lines and Fibonacci tools.
TD Ameritrade: $0 commissions + transfer fee reimbursement.Ĭharles Schwab: Get commission-free online stock trades.Ĭharting in both programs is very advanced. Some items are on the platform, including a helpful technical analysis tool courtesy of Recognia. The information includes trading ideas and strategies, market news, global investing, and more. Many research and educational materials can be accessed via StreetSmart Edge, although the platform displays them in browser windows, rather than on the platform. Users can sign up for alerts, and on-demand videos from Reuters and CNBC cover a wide range of economic news stories. An economic calendar shows upcoming conference calls, earnings announcements, and more. News and research tools at thinkorswim can look for stocks, options, and important financial indicators. Thinkorswim’s is a little easier to find because a video window is clearly shown on a center window after logging in. A chart’s price history can use a variety of styles and colors.īoth platforms offer live streaming of CNBC in standard definition. Nevertheless, several features can be modified, including color themes, how orders are submitted, and what news sources are shown. A security’s price action has numerous styles and colors to choose from. Many other features can also be modified, including the color scheme, space between fonts, how orders are placed, how positions are displayed, and more. The font size thankfully can be increased so that you can actually read it. The default font in thinkorswim is very small, apparently in order to cram lots of info into one window. StreetSmart Edge was designed to be more user-friendly, which is why it’s easier to learn. Once inside, the complexity of thinkorswim is quickly noticeable. Perhaps that’s why the software consistently takes longer to load. Thinkorswim usually says that it’s downloading updates. It takes StreetSmart Edge about 10 seconds to get to the login window, and another 5-10 seconds to reach the trading window. After submitting a User ID and password, it takes another 15-20 seconds to get to the platform. It takes about 20 seconds just to get to the login window. Clicking on the thinkorswim desktop icon begins the process of opening TD Ameritrade’s platform. Let’s take a look at these two software programs and see how they compare to each other.īoth trading systems are desktop programs. One system might be good for some traders, but the other platform might be better suited for others. While there are a few similarities, there are many differences. TD Ameritrade has a very sophisticated platform called thinkorswim (TOS), while Schwab clients have access to a user-friendly program named StreetSmart Edge. Charles Schwab StreetSmart Edge vs Thinkorswim: which trading platform is better in 2022?Ĭompare Charles Schwab SSE vs TD Ameritrade TOS active trader software.
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