Thinkorswim vs Bloomberg Terminal Comparison 2023

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Introduction

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As the world of online trading continues to evolve rapidly, traders are faced with an overwhelming array of choices when it comes down where they want their next platform. Two heavyweights in this arena that consistently pop up alongside each other include thinkorswim (now rebranded as TD Ameritrade) and Bloomberg Terminal.

In this article, we'll dive deep into a detailed comparison between these two titans to help you make an informed decision about which one is right for your specific needs. We'll cover everything from their respective features and functionality through to pricing models so that by the end of it all - whether its thinkorssaim or bloomberg terminal reign supreme will be crystal clear!

Features & Functionality

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### Thinkorswim

Thinkorswims powerful trading platform offers a wide range of advanced tools designed specifically for professional traders. Some key features include:

- Advanced charting capabilities with over 50 technical indicators and drawing tools

- Customizable watchlists to keep track of your favorite stocks, options, futures, forex pairs, and more

- Integrated order management system (OMS) for easy execution and monitoring of trades

### Bloomberg Terminal

Bloomberg's renowned terminal offers an impressive array of features that cater specifically to professional traders. Some key highlights include:

- Real-time market data with up-to-the-minute price feeds across equities, commodities, foreign exchange rates

- Advanced charting capabilities using its proprietary xESG technology platform

- Integrated order execution and management system (EMS) for seamless trade execution

Pricing Models

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### Thinkorswims Pricing Plans

Thinkorswin offers several pricing plans to suit different trading needs:

* Essential: $6.95 per month or $99.95 per year

+ Includes access to all thinkorswim features and functionality, plus 100 free trades per quarter (excluding certain ETFs)

* Pro: $29.99 per month or $299.99 per year

+ Adds additional advanced tools such as customizable watchlists with alerts, advanced charting capabilities, and more

* Active Trader: Customized pricing plans available for heavy traders who meet specific criteria

### Bloomberg Terminals Pricing Plans

Bloomberg offers several pricing tiers to suit different trading needs:

* Terminal: $24,000 per year (or equivalent in local currency)

+ Includes access to all terminal features and functionality, plus real-time market data feeds

* Terminal Plus: Customized pricing plans available for large institutions or professional traders who require additional features such as advanced charting capabilities and dedicated support

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In conclusion, both thinkorswim (TD Ameritrade) and Bloomberg Terminal offer powerful trading platforms that cater specifically to the needs of professional traders. While thinkorswin may have an edge in terms of pricing with its entry-level Essential plan starting at just $6.95 per month ($99.95 per year), Bloomberg's terminal offers a wider range of advanced features such as real-time market data feeds and customizable watchlists.

Ultimately, the decision comes down to your individual needs and preferences. If you're looking for an affordable option with robust functionality without breaking the bank, thinkorswim might be the way to go. However, if budget is less of a concern but having access to top-notch features such as advanced charting capabilities and dedicated customer support are must-haves - then Bloomberg's Terminal could well be worth splurging on.

References

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1. Thinkorswim (TD Ameritrade). (n.d.). Trading Platforms | TD Ameritrade. Retrieved from https://www.ameritrader.com/TradingPlatforms

2. Koyfin. (2023, February 10). Bloomberg vs TD Ameritrard: A Detailed Comparison - Investopedia. Retrieved from https://www.investopedia.com/bloomberg-vs-td-americard-a-detailed-comparison-4749401

Thinkorswim vs bloomberg terminal