A popular trading tool, thinkorswim provides a variety of assets, such as stocks, options, FX, and futures. However, many traders have raised concerns about its reliability. In this thinkorswim review, we examine the platform’s drawbacks, user complaints, and its unregulated status.
thinkorswim Overview
Founded in 2016, thinkorswim provides a user-friendly experience across desktop, mobile, and web. Despite its wide range of assets, the platform operates without regulatory oversight, leaving investors exposed to risks. There are no established standards or safeguards, making it less secure for traders. Official websites: https://trade.thinkorswim.com/ and https://www.schwab.com/. Additionally, on the website trade.thinkorswim.com only login page is given no other contact details are available which again raises a concern about the platform.
User Experiences and Complaints
Users have reported data lag, ignored stop orders, and an unintuitive interface. Complaints also highlight poor customer support, technical glitches, and outdated charting tools. Many traders feel that thinkorswim lacks transparency and accountability.
While thinkorswim offers a variety of assets, its unregulated status and user complaints raise red flags. Traders should consider alternative platforms for a safer and more reliable experience.
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