TC2000 is a universe of the Worden brothers, and it was launched erstwhile in the mid-90s. This was the entirely platform that ( at the time ) offered synergistic graph tools and advanced ocular features to its users for a long duration. All-in-all, TOS remains a collaborative system that provides you with news updates, alerts, and education materials. Most of all, it is a useful platform that you could use in consolidating your trade scheme. By investing in an electronic trade platform ( TOS ), TD Ameritrade has been able to keep up with the changing times, including the digitization of the stock market. In this room, the company has successfully shed off the conservative tag that it has held for indeed long. ThinkOrSwim was created by TD Ameritrade, which is a ship’s company that any serious trader ought to be conversant with. It ( TD Ameritrade ) has been around for about 50 years, and the main areas of specialization include :
A Comparison of the Two Programs
In this section, we shall look at the individual features in each program. This should help you clearly see what both of them have to offer .
1. Charting
chart is one of the most crucial aspects of trade, and we can confidently state that there aren ’ t many platforms that give TC2000 a run for its money in this respect. This is because there are a draw of features on this platform that you can take advantage of. For example, you can plot all your positions on a price graph in summation to creating limit orders from draw resistance and patronize lines. The early thing is that the options chain for a particular stock is displayed by default alongside the price chart. therefore, you can easily set up single-leg or multi-leg options orders directly from the charting interface. Another sting about TC2000 is that it can display the profit/loss target area for assorted options strategies on your chart. When it comes to ThinkOrSwim, there are several positives that we could draw from its graph. For exemplify, you could easily note a tendency in the asset ’ mho price bowel movement over time due to the clear ocular representation that it creates. Further, the charts are besides designed to allow you to use dozens of different technical foul indicators. The thing that stood out for us in TOS ’ s chart is that you get loads of educational materials aimed at making the apparatus and consumption of the charts to be a walk in the parking lot .
2. Drawing
Another expression where we could draw a fine wrinkle between the two programs is the presence of drawing tools. We found that TC2000 paid more attention to making it easier for you to draw on the platform. First, TC2000 is packed with more draft tools, including erasers and trendlines. All the tools aim to make it more commodious for you whenever you need to make any drawings on the platform. additionally, the toolbar is easily accessible and is located at the top correct corner of your screen. It becomes easier for you to pick out any tool you need for a better drawing experience. As for TOS, we had some issues with its pull. For example, the toolbar is less accessible, and it comes as a drop-down menu. It is prone to delays, and at times, it may even refuse to drop down at all. This is an aspect that can be identical frustrating for traders. All in all, we found TC2000 ’ s drawing to be more intuitive as compared to ThinkOrSwim .
3. Chart Loading
here is another area where we noticed a significant deviation between the two platforms. In TOS, when you punch in the tickers to load the charts, you will likely experience some check as the charts load. It may final for up to 10 seconds, and this is valuable time that no dangerous trader enjoys wasting. TC2000, on the early hand, is fabulously fast, and within no prison term, the charts will have loaded and ready to go .
4. Zooming
This may not be a significant feature, but it remains another area where we noted a remainder between the two software programs. When it comes to zooming the information displayed on the interface, you will find that the process is smoother and more aboveboard in TC2000 than in ThinkOrSwim.
To perform this legal action, you could either use the mouse to zoom in/out, or you could do it manually using icons. As for TOS, the action can be reasonably confusing, and at times, the page may start scrolling alternatively of zooming. On top of that, pressing the right keyboard combination is not something that all users would find easy .
5. The Assets
When we look at the assets that you can evaluate and trade, you find that ThinkOrSwim has a broad scope. You can use this platform for deal in stocks, options, reciprocal funds, and ETFs. This is unlike TC2000, which is limited to stocks and options .
6. User-friendliness
As you read both programs ’ reviews individually, you will find claims that both of them are user-friendly. however, a close analysis would tell you that ThinkOrSwim is not ideal for novice traders even though the pricing plan suggests that it is targeting the beginners. This may explain why the platform comes with numerous educational materials aimed at giving you an easy prison term using the broadcast. TC2000, on its character, is easier to use, and we believe that anyone would have an easier time navigating the system .
7. Mobile App
This aspect is not a deviation, but it is one thing that both platforms have in common. Both of them have versions that are particularly optimized for your mobile telephone and tablet. In this way, you can keep path of market movements and your trades easily without being confined to a finical placement .
8. Customer support
We shall now look at the tied of customer confirm that both software programs offer their users. With ThinkOrSwim, you get a Contact Us yellow journalism, which directs you to another page where you get different options of how you can contact the customer back team in sheath of any issues. You could choose to make a call call, send a message, facsimile, or pay the nearest branch visit. TC2000 allows you to make a earphone call or chat directly with one of the customer documentation agents online .
9. The pricing
The concluding bite we shall look at is another area where the two programs go entirely different directions. We shall look at them individually to see if there is a rationale behind the price. TC2000 has three pricing plans for you to choose from. The lowest one is the Silver plan that goes for $ 9.99 per month and has all the basic features a trader needs. The following design is the Gold plan, which has some features that lack in the Silver plan, such as the EasyScan screener module and the capability to draw retracements on the charts. The lead design is the Platinum plan, which has all the features in both Silver and Gold plans plus a few extra ones. One thing to note about the pricing in TC2000 is that you could choose the placard cycle to be either monthly, per annum, and bi-annually. As for TOS, accessing the system is free of charge. This plan is friendly to the newbies looking for a system that would help them hone their trade skills without outgo anything. however, keep in mind that you will have to pay up for any transaction you undertake in the system.
Which one is Better ?
In most of the instances we have analyzed, we can see that TC2000 compares favorably to ThinkOrSwim. however, both have their flaws, and their suitability depends on what you are looking for in a trade chopine. If you are new to trading, ThinkOrSwim would be the best program since you do not have to pay any fees. The organization may be a moment complicated, but there are batch of educational materials to guide you through. TC2000 may be relatively costly, but the advanced features should appeal to any unplayful person who wants to take big strides in the guess .