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tastytrade vs Thinkorswim

Thinkorswim is the trading platform of TD Ameritrade, one of the biggest US-based stockbrokers. Consequently, Thinkorswim in and of itself is not a standalone broker. As a result, this comparison provides insights primarily into the pros and cons of tastytrade' trading platform and TD Ameritrade’s trading platform. When we describe other aspects, like the account opening process or customer service, the name Thinkorswim refers to TD Ameritrade.

In a nutshell, the tastytrade web platform is great for experienced traders, especially for options trading, while thinkorswim offers a good web trading platform with a clean design.

 

Common pros of tastytrade and thinkorswim

 

  • The platforms offer a safe, two-step authentication for certain important functions

  • Both are available in web, mobile and desktop versions

 

Common cons of tastytrade and thinkorswim

 

  • Limited customizability of the charts and the workspace

  • Availability only in a few languages: tastytrade is available in English, while thinkorswim is available in English and Chinese.

tastytrade vs TD Ameritrade
  tastytrade TD Ameritrade
Overall score 4.6 4.7
Fees score 4.3 stars 4.2 stars
Account opening score 5.0 stars 3.7 stars
Deposit and withdrawal score 1.9 stars 1.9 stars
Web platform score 3.4 stars 4.3 stars
Markets and products score 3.1 stars 3.7 stars

 

The difference in the overall score of the two brokers is not substantial and in terms of fees as well as depositing / withdrawing money, both tastytrade and thinkorwsim (TD Ameritrade) score low.

However, it’s much easier to open an account with tastytrade. This is because TD Ameritrade may ask you to confirm your identity by mailing or faxing a copy of your ID documents, while at tastytrade the account opening is fully digital. But once you open your account, the functions and features of the Thinkorswim (TD Ameritrade) platforms rank significantly better.

Visit tastytrade

-> Back to tastytrade review for 2022

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Author of this article

Dan Sallai

Author of this article

My goal is to help people find our resourceful content when they need it the most. I combine my 10+ years of online marketing experience with the team's finance knowledge to work for this every day. In my free time, I like to bowl, play tennis and enjoy spending lots of time with my children.
My goal is to help people find our resourceful content when they need it the most. I combine my 10+ years of online marketing experience with the team's finance knowledge to work for this every day. In my free time, I like to bowl, play tennis and enjoy spending lots of time with my children.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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