For almost a year now, I have been using ThinkOrSwim and have been very happy with the service and the frequent updates of their trading platform but will my experience remain good when they hand things over to TD AMERITRADE.
ThinkOrSwim has a service like no other with a great trading platform with free live data, no charge for software usage, and even a couple chat rooms. The design of the platform is for active traders and concentrates on those trading options. My use of ThinkOrSwim has been primarily for options and futures trades. These mergers between online brokers never workout for the better for those affiliated with the company being bought.
ThinkOrSwim is expecting to hand over the reigns in about 6 months. As for me, I look to find a new broker. I am thinking about going to Interactive Brokers or TradeStation.
Both offer low cost commissions for both active and not so active trades.
I hate to leave ThinkOrSwim but I have seen these mergers before and as soon as they go through, commissions rise and they start instituting fees for everything from software to being inactive, and so forth. TD AMERITRADE customers will get a better platform and ThinkOrSwim customers will get higher fees and commissions.
I guess I will have to wait and see what happens but for now I am looking into other brokers.
Know of a good online broker for an active trader? Leave a comment.
Tags: BrokersStumble it!
Digg This Article
Subscribe To The DailyMoneyAdvice.com Feed
