Thinkorswim Trading Signals - TU Expert review

Updated: February 08, 2025

Mikhail Vnuchkov

Contributor

Reviewed by

Olga Shendetskaya

Editor

Full Thinkorswim
overview

Thinkorswim Trading Signals

We have compiled a comparison of all types of Forex signals offered by Thinkorswim alongside its top two competitors, based on the Traders Union rating. The analysis includes features such as Copy Trading, Trading Central, automated alerts, and other tools like Autochartist and TradingView integration. This comparison showcases the range, accuracy, and accessibility of signals available, helping traders identify the best provider for their needs.

Thinkorswim Trading Signals Review

	Thinkorswim	Eightcap	XM Group
Copy trading	Yes	No	Yes
Trading Central	No	No	Yes
Signals (alerts)	Yes	No	Yes
TradingView	No	Yes	No
Autochartist	No	No	No
Trading bots (EAs)	Yes	Yes	Yes
Expert Analytics	Yes	Yes	Yes
Open an account		Open an account	Open an account

What are trading signals?

Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.

A broker can provide signals in several ways:

Copy Trading Signals
Copy trading signals allow traders to automatically replicate the trades of successful investors. By following experienced traders, beginners can gain exposure to professional strategies, while advanced traders can diversify their portfolios.
Trading Central Signals
Generated by the Trading Central platform, these signals provide technical analysis and actionable insights based on market trends, patterns, and key levels. They cater to traders seeking a professional edge in decision-making.
Signals (Alerts)
Forex Alerts are direct notifications sent to traders about potential trading opportunities. These signals can be based on technical indicators, fundamental analysis, or market movements, helping traders act quickly on profitable setups.
TradingView Signals
These signals are derived from indicators and tools available on the TradingView platform. Brokers integrated with TradingView offer users access to custom alerts and community-driven insights, making it ideal for chart enthusiasts.
Autochartist Signals
Autochartist generates automated signals by identifying chart patterns, Fibonacci levels, and key price movements. It’s a valuable tool for traders looking for technical setups without manual charting.
Trading Bots (Expert Advisors)
Trading bots or EAs are automated systems that execute trades based on pre-programmed strategies. They allow traders to capitalize on opportunities without continuous monitoring of the markets.

When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.

Short introduction of Thinkorswim

TD Ameritrade’s Thinkorswim broker is a result of the unification of Thinkorswim and TD Ameritrade, the developers of the best platform for stock trading in the US. Its main focus is trading securities, the OTC securities market, spot instruments, and retail foreign exchange trading in the US. The company was nominated for: "Best Platforms and Tools", "Best Application for Traders", for being among the Top 5 in the ratings, "Best Innovative Developments", and "Best Broker for Options Trading". Since 2009, the company’s reliability has been confirmed by the licenses from two of the most stringent regulators in the world, FINRA (CRD#: 7870/SEC#: 801-60469,8-23395), and SIPC.

💰 Account currency:	USD
🚀 Minimum deposit:	From $0 (from $2,000 to activate margin trading opportunities)
⚖️ Leverage:	Floating
💱 Spread:	from 0.00 points
🔧 Instruments:	Over 70 currency pairs
💹 Margin Call / Stop Out:	Stop out - 25%

Thinkorswim Pros and Cons

👍 Advantages of trading with Thinkorswim:

•Access to stock exchange markets with hundreds of instruments, including indices. Derivatives trading, entry into the OTC market, legal services of currency trading in Forex.

•One of the most functional platforms in the world for trading securities with multi-level complex chart analyses.

•Two of the world's best regulators license it.

•Optimal trading conditions for individual assets.

•Segregated accounts.

👎 Disadvantages of Thinkorswim:

•The broker works only with traders from the USA.

•The platform is difficult for novice traders.

•There is no membership in the FDIC (Federal Deposit Insurance Corporation, which would ensure traders' money up to $250 thousand).

•A limited number of deposit/withdrawal options.

•High entry threshold.

Conclusion

Based on the results of the analysis, Traders Union analysts have concluded that Thinkorswim does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.

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FAQs

How are the signals provided via a newsletter?

A trader regularly receives trading signals to his/her email or personal messages in the account. As a rule, they are provided in the form of a report with screenshots of technical analysis.

Can I test signals on a demo account?

If you mean copy trading, it depends on the broker. If the signals are provided as a newsletter or notification, you can decide where and how to test them yourself.

How do I test the signals if I can’t do it on a demo account?

In this case, it is best to test them using the minimum deposit. You will need to check the minimum deposit level of the broker.