Robinhood vs ThinkorSwim: Choosing the Best Platform for you Needs


Robinhood and ThinkorSwim Go Head to Head in this Comparison Review

Updated 10/16/2023

In the world of online trading, having the right platform can make all the difference. Two popular options, ThinkorSwim and Robinhood, have gained significant attention among traders and investors. In this article, we will delve into the key features and value propositions of both platforms, as discussed in the episode on Warrior Trading’s YouTube channel. By examining the top moments from the episode, we aim to help you make an informed decision when choosing the best trading platform for your needs. As you know, my name is Ross Cameron, I’m a full-time day trader and I turned $583.15 into over $10mil in audited and verified profits. While my results are NOT typical, my experience puts me in a unique position to provide market commentary. So let’s go ahead and jump in!

The Hidden Costs of Commission-Free Trading:

Who Really Loses in this ‘Win-Win’ Deal? One of the first things to consider when comparing ThinkorSwim and Robinhood is the concept of commission-free trading. While it may seem like a great deal, there are hidden costs associated with this model. Both brokers sell order flow to institutional traders, making a profit on every trade executed. While traders may benefit from price improvement, it’s important to recognize that the brokers and wholesalers also profit from this arrangement. This raises the question of who truly loses in this relationship. The loser is the exchanges, as more and more orders occur off the exchange.

Robinhood’s Free Commission Dilemma: Is Their Business Model Still Viable?

Robinhood initially gained popularity by offering commission-free trading, setting itself apart from traditional brokers. However, as other platforms began to adopt this model, Robinhood faced challenges in maintaining its unique selling point. I am genuinely concerned with Robinhood’s business model. Although I’m not alone, Robinhood stock is down 73% since inception. is still viable in a market where multiple platforms offer free commissions. By comparing the features of both platforms, the episode aims to shed light on the value proposition Robinhood provides to aspiring traders and investors.

ThinkorSwim: A Robust Platform for Active Traders with Customizable Hotkeys

When it comes to platform features, ThinkorSwim emerges as a strong contender. The episode highlights its robustness, offering advanced charting tools, option analytics, and level two data. Additionally, ThinkorSwim provides the advantage of customizable hotkeys, allowing traders to execute trades swiftly and efficiently. While Robinhood lacks these features, it may still appeal to those interested in trading cryptocurrencies due to its simplicity and slightly better price improvement. If you’re interested in a deep dive into the platform, check out this episode on the 3 MUST ENABLE settings for Day Trading with ThinkorSwim.

Choosing the right trading platform is crucial for success in the world of online trading. By watching the full episode you will gain valuable insights into the features and value propositions of ThinkorSwim and Robinhood. While both platforms have strengths and weaknesses, ThinkorSwim emerges as a more robust option for active traders, offering advanced charting tools and customizable hotkeys. However, Robinhood may still be a suitable choice for those interested in trading cryptocurrencies. Ultimately, the decision between the two platforms depends on your specific trading needs and preferences.

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