In the battle of Free Commission Brokers, who will be the winner? Robinhood started offering Commission Free trading in 2013 and quickly took market share from ThinkorSwim. ThinkorSwim was founded in 1999 and is lightyears ahead of Robinhood in terms of technology.
In 2019, when ThinkorSwim went to COMMISSION FREE trading, Robinhood took a hit. Does Robinhood even have a viable business model anymore? In this episode, I'll compare each of the most important features you need to know about when considering trading with either of these two big brokers.
Chapters
0:00 Intro
0:28 History of ThinkorSwim and Robinhood
2:24 Minimum Account Size
2:40 PDT Rule
3:15 Robinhood has better Price Improvement
4:09 Commission Structure
4:47 Leverage
4:55 Crypto Trading
5:06 Extended Hours
5:32 Retirement Account
5:40 OTC Stocks
6:08 Stock Scanners
6:27 Best in Charting goes to ThinkorSwim
7:02 Desktop Application
7:37 Robinhood doesn’t offer Hotkeys
8:26 Level 2 Market Data
8:59 True Cost of Commission Free Trading
10:45 Robinhood vs ThinkorSwim THE WINNER
Non PDT Broker: [ Ссылка ]
How to Setup and Layout ThinkorSwim: [ Ссылка ]
3 MUST ENABLE ThinkorSwim Settings for Trading: [ Ссылка ]
Want to Learn More ❓❓ Get info on My Strategy and Courses here: [ Ссылка ]
Before we continue...👀
💰Remember, day trading is risky and most traders lose money. You should never trade with money you can’t afford to lose. Prove profitability in a simulator before trading with real money.
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What’s my story? ✏️ You can read it here: [ Ссылка ]
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Wondering what I think the All Star Day Traders out there have in common? 🏆 Read this blog I wrote [ Ссылка ]
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