Trading fees. Any fixed charge attached to each trade that you make.If you are interested in using a trading platform, it’s important to look out for the four types of fees you’ll typically run into. In contrast, E*TRADE is better at futures contracts.
You’ll also find that only thinkorswim has foreign currency trading (forex). Not all their costs match up, such as their mutual fund commission prices. That’s not to say that the two platforms don’t have features that separate them from each other. Other similarities include options and broker assistance. On top of that, both are part of the newer wave of online brokers that have free commission trading. They both come equipped with an array of tools that help you monitor the market, like charting, and stay informed. Thinkorswim and E*TRADE, another brokerage with a day trading app, are powerhouses in the online financial investment field. Thinkorswim is a full-featured investment platform owned by TD Ameritrade, which Charles Schwab recently bought. In a general overview, it might be easier to say what the two services share in common.