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Thinkorswim Referral Code in 2025
Thinkorswim referral bonus program offer code for free stocks for recommended friend or family member to
open a new brokerage account
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Thinkorswim promotion
Open Thinkorswim Account
Thinkorswim Referral Bonus
Use this referral link:
https://www.schwab.com/client-referral?refrid=REFER6QWRF
Thinkorswim Referral Bonus Details
| Schwab Bonus | Deposit or Transfer |
|---|
| $1,000 | $500k+ |
| $500 | $100k - $499.9k |
| $300 | $50k - $99.9k |
| $100 | $25k - $49.9k |
Overview of thinkorswim and Quotestream
The thinkorswim desktop platform can be used with a Charles Schwab account, while Quotestream is available through multiple brokerage firms. Ally Invest is one such firm that offers Quotestream. Here’s how these two trading programs compare:
Quotestream is available in three modes: desktop, mobile, and web browser. thinkorswim has the same three versions. This comparison will focus on the desktop setups of thinkorswim and Quotestream.
The primary difference between the two desktop systems is that Quotestream has multiple desktop versions, while thinkorswim only has one desktop mode. The desktop versions of Quotestream have differences in what information is presented and what features are available. For example, some versions have earnings histories and tick-by-tick charting, while others do not.
Minimums and Fees
Charles Schwab requires no minimum balance or trading level to gain access to thinkorswim. As a matter of fact, a Charles Schwab account is not even required to use the software. A practice account can be opened to take thinkorswim on a test drive.
Ally Invest requires a minimum of 30 security trades per quarter to use Quotestream. The desktop platform can be test driven without an Ally Invest account; a demo account through Quotestream is required for this.
Winner: thinkorswim
Application Pages
Charles Schwab/thinkorswim: Get $0 trading commissions free Charles Schwab account.
Ally Invest:
Get $0 stock commissions at Ally Invest.
Settings and Layout
Both platforms can be customized to a great extent. In thinkorswim, the necessary window will be found under the Setup link, which is in the right-hand corner. On Quotestream, the settings can be adjusted under the View tab, which is in the upper-left corner.
On both platforms, workspaces can be manipulated and saved. It’s easy to shuffle among the various layouts.
Winner: Pretty even
Charting
Graphs on both thinkorswim and Quotestream can be displayed the full width and height of the computer monitor. There are various gizmos and gadgets on both charting platforms. Quotestream offers company events like splits and dividends. A chart can be exported, printed, or saved. There are drawing tools, technical studies, and multiple plot styles.
thinkorswim performs quite similarly with the sole exception that there are simply more tools. For example, on Quotestream, we found roughly 60 technical studies. Over on thinkorswim, there are about 400 of them.
Perhaps the biggest disadvantage of Quotestream compared to thinkorswim is the lack of a right-click menu. thinkorswim has one, and it has several links, including:
- Add a drawing
- Buy
- Sell
- Buy custom
- Sell custom
- Create alert
- Analyze
Up to 20 years of price data can be displayed on Quotestream’s charts. thinkorswim, by comparison, offers up to 25 years.
Winner: thinkorswim
Research
Both platforms have several tools that can be used in asset research. On Quotestream, we found an earnings calendar of companies that are soon to release data. Information sits within a discrete window. Results can be exported or printed. And it’s possible to filter them by exchange.
An events window on Quotestream shows the history of various events on a ticker symbol, like stock splits (going back to the 1980s) and dividends.
Other resources include:
- News articles
- Stock screener
- Heat maps
- Company research
- Market research
thinkorswim has scanners that can look for securities to trade. It’s easy to manipulate maximum and minimum values on these scanners thanks to small bar graphs with windows around them that can be adjusted.
Video news appears on thinkorswim, courtesy of CNBC and Charles Schwab Network. It’s easy to switch between the two.
An economic calendar is included on thinkorswim. Events are color coded for easy viewing. Other tools include:
- Probability analysis
- Economic data
- thinkBack, a back-testing gadget
Winner: thinkorswim
Trading Tools
Both platforms have forex dealing boxes. thinkorswim has slightly darker green and red colors, which improves the experience. Both programs also have time & sales windows and Level II quotes.
Quotestream has a waterfall ticker that streams recent trades of securities that appear in an attached watchlist.
thinkorswim’s order ticket has some advanced trade types, like OCO and pair. There is a routing menu, and an order can be saved. Quotestream’s software delivers trailing and stop orders.
Winner: thinkorswim
Add-Ons
Quotestream has a lot of apps that can be added (at additional cost). Examples include:
- Trade AI, an Artificial Intelligence that suggests trades ($99.95 per month)
- NYSE Short Interest ($5 per month)
- Premium News (fees based on provider)
- Wealthscope, a tool for retirement planning and portfolio building ($15.95 per month)
thinkorswim offers thinkscript for free. With this resource, users can create their own technical indicators, alerts, and order rules.
Winner: Quotestream
Application Pages
Charles Schwab: Get $0 trading commissions free Charles Schwab account.
Ally Invest:
Get $0 stock commissions at Ally Invest.
thinkorswim and Quotestream Judgment
Both platforms offer a great deal of advanced research and trading tools. We found thinkorswim easier
to use, and with zero trading minimums, it has the edge here.
Thinkorswim Referral Bonus
Updated on 4/1/2025.
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