Active Trader Pro vs. thinkorswim: Which Trading Platform Is Better?

Are you an active trader comparing the Active Trader Pro and thinkorswim trading platforms, but don’t know which one to choose? 

Both platforms offer comprehensive features, but which one is the best fit for you?

This article examines the key differences between Active Trader Pro and thinkorswim, including their user interfaces, charting tools, and unique capabilities.

You'll clearly understand which platform aligns with your trading style and needs by the end. 

Let's compare these top trading platforms head-to-head to help you make an informed decision.

Keep reading to determine whether Active Trader Pro or thinkorswim is the right trading platform. 

Key Takeaways

• Active Trader Pro offers a highly customizable interface and seamless integration with Fidelity accounts.
• thinkorswim provides over 400 technical indicators and advanced drawing tools for in-depth analysis.
• Active Trader Pro includes extensive educational resources but lacks backtesting capabilities.
• thinkorswim’s Thinkscript allows users to create and backtest custom strategies.
• Active Trader Pro supports trading in stocks, ETFs, and options, while thinkorswim adds futures and forex to its offerings.
• thinkorswim’s PaperMoney feature enables risk-free strategy testing in a simulated environment.

Active Trader Pro vs. thinkorswim at a Glance

Here’s a quick overview of both trading platforms, so you know what you’re getting into. 

Feature	Active Trader Pro	thinkorswim
Customizable Layout	Fully customizable workspace	Flexible, customizable interface
Advanced Charting	Over 25 drawing tools and 130+ indicators	400+ indicators and advanced drawing tools
Order Entry	Simple and advanced order types	Wide range of order types and strategies
Real-Time Data	Real-time streaming data and news	Real-time streaming data across multiple assets
Backtesting	N/A	Thinkscript allows custom strategy backtesting
Education and Research	Extensive educational resources and research	Comprehensive education and research tools
Platform-Specific Advantages	Seamless integration with Fidelity accounts	PaperMoney for risk-free strategy testing

Let’s start with an overview of Active Trade Pro. 

Active Trader Pro Overview

Active Trader Pro is Fidelity's premier trading platform, tailored for active traders who demand advanced tools, seamless integration, and precision. 

Designed to help traders make smarter decisions before, during, and after their trades, this platform offers real-time insights, dynamic visual analytics, and powerful trading tools that enhance every step of the trading process.

The platform's standout feature is its customizability. Traders can personalize their experience with adjustable layouts, trade defaults, and hotkeys, ensuring quick navigation and access to the most critical data. 

With over 45 market filters, including technical and social sentiment indicators, users can identify trading opportunities early and respond efficiently to market conditions.

Active Trader Pro also delivers a high level of control with its directed trading capabilities, allowing users to determine where their equity and options trades are routed for optimal execution. 

Features like quick-click trading, which supports equities, ETFs, and complex options strategies, and the ability to prepare and save up to 50 orders for one-click execution, make it a tool designed for speed and precision.

In addition to its trading tools, Active Trader Pro integrates Fidelity's award-winning customer support, research, and education, including how-to videos and expert strategies. 

With streaming data, real-time portfolio monitoring, and advanced charting, Active Trader Pro empowers traders to confidently navigate complex markets while leveraging Fidelity's trusted infrastructure.

Let’s now see what Active Trader Pro brings to the table. 

Active Trader Pro Core Features

Active Trader Pro, Fidelity's flagship trading platform, is designed to meet the demands of active traders by offering advanced tools, real-time market insights, and a highly customizable interface. 

It combines powerful features with seamless account integration, ensuring traders have the resources they need to make informed decisions and execute efficiently. 

Below is an overview of the platform’s standout features.

Customizable Layout

Active Trader Pro allows users to create a fully customized workspace tailored to their trading preferences. The platform supports easy window arrangement and resizing, ensuring that critical data and tools are readily accessible. 

For those working across multiple monitors, the platform enables comprehensive setups that simultaneously display charts, watchlists, and order entry tools. 

Hotkeys and shortcuts further enhance navigation, making the platform intuitive and efficient for users who need speed and precision in their workflow. 

These customization features ensure that Active Trader Pro adapts to your unique trading style and helps streamline your operations.

Advanced Charting

Active Trader Pro provides a powerful charting suite ideal for detailed technical analysis. With over 25 drawing tools and 130 technical indicators, traders can identify trends, pinpoint key price levels, and uncover potential trading opportunities. 

The platform supports various chart types, including candlestick, bar, line charts, and customizable time frames ranging from tick-by-tick data to long-term views. 

Tools like Fibonacci retracements, trendlines, and support/resistance markers allow for precise market analysis. These charting capabilities are indispensable for traders relying on technical data to make decisions.

Integrated Trading and Research

One of Active Trader Pro’s standout features is its seamless integration of trading capabilities with research tools. The platform offers a variety of order types, including market, limit, stop, and conditional orders, allowing traders to implement diverse strategies with ease. 

Real-time streaming data informs users about portfolio balances, market fluctuations, and order statuses. 

Additionally, the research tools include access to fundamental data, earnings reports, analyst ratings, sector analysis, and live market commentary. This combination of trading and research tools ensures traders can make well-rounded, informed decisions in real time.

Quick-Click Trading

For traders who value speed and precision, Active Trader Pro’s quick-click trading functionality offers a streamlined solution. This feature allows users to execute trades for equities, ETFs, and complex options strategies with just one click. 

Extended hours and directed trading capabilities provide added flexibility, enabling users to act outside traditional market hours and control the routing of their trades. Furthermore, saving up to 50 prepared orders ensures traders are ready to execute immediately when market conditions align with their strategies.

Advanced Market Filters

Active Trader Pro equips traders with over 45 market filters to identify opportunities based on technical, fundamental, or sentiment-based criteria. 

These filters allow users to screen for specific patterns, price movements, and trends, offering a faster way to identify potential trades. 

By customizing these filters to align with personal trading strategies, traders can quickly narrow down their focus to the most promising market opportunities.

Learning and Support Tools

Fidelity’s commitment to empowering traders is evident in the educational resources and support offered through Active Trader Pro. 

Users have access to an extensive learning center with tutorial videos created by Fidelity’s Trading Strategy Desk®. These videos provide practical tips for mastering the platform. The platform also includes FAQs and step-by-step guides to help users optimize their trading experience. 

Additionally, Fidelity’s award-winning customer support is available to address technical issues or provide expert guidance, ensuring users are never left in the dark. If you need to learn how to trade forex like a pro, possibly to pass a funded trading account challenge, the best place to learn is at Photon Trading. 

Let’s now see what fees are associated with Active Trader Pro.

Active Trader Pro Pricing

The platform is available to all Fidelity customers at no additional cost, with no account minimums required for access. This accessibility ensures that traders of all levels can utilize its comprehensive features without financial barriers.

Commission-Free Trading

Fidelity offers commission-free trading for online U.S. stocks and exchange-traded funds (ETFs). This means traders can execute trades without incurring standard commission fees, making managing and adjusting portfolios cost-effective. However, it's important to note that while the base commission is waived, certain regulatory fees may still apply to transactions.

Options Trading Fees

For options traders, Fidelity charges a fee of $0.65 per contract. This competitive rate allows traders to engage in options strategies without significant cost concerns. As with stock and ETF trades, regulatory fees may also apply to options transactions.

Additional Considerations

While Active Trader Pro itself is free to use, traders should be aware of other potential costs associated with trading activities. 

For instance, margin trading involves interest charges, and specific services or account features may have associated fees. It's advisable to review Fidelity's comprehensive fee schedule to fully understand any charges that may apply to your trading activities.

Positives of Active Trader Pro

Here’s why Active Trader Pro is a platform worth considering:

• Seamless Integration With Fidelity Accounts: Active Trader Pro integrates effortlessly with Fidelity brokerage accounts, ensuring smooth trade execution, portfolio monitoring, and account management.
• Extensive Research And Educational Resources: Fidelity provides a robust library of market insights, webinars, tutorials, and learning materials to empower traders with the knowledge they need to make informed decisions.
• Customizable Platform: Active Trader Pro allows users to customize their workspace with tailored layouts, hotkeys, and trading shortcuts to enhance workflow efficiency and trading precision.
• Reliable Customer Support: Fidelity offers 24/7 customer support, ensuring traders have access to professional assistance whenever challenges arise.
• Strong Reputation And Financial Stability: Backed by Fidelity's decades-long history, Active Trader Pro benefits from the company's solid reputation, financial security, and commitment to client satisfaction.
• Cost-Effective Pricing: Active Trader Pro is free for all Fidelity customers, with commission-free trades on U.S. stocks and ETFs, making it a highly affordable choice for traders.

What Could Be Better?

There are also some drawbacks to Active Trader Pro that you need to consider, such as the following:

• No Automated Trading Or Backtesting: Active Trader Pro does not support automated trading strategies or backtesting tools, which could be a limitation for algorithmic or strategy-focused traders.
• Limited Advanced Features For Derivatives: While options trading is supported, some traders might find the platform lacks the advanced features available on competing platforms tailored for derivatives.

Let’s now look at one of Active Trader Pro’s biggest competitors, thinkorswim.  

thinkorswim Overview

thinkorswim, offered by TD Ameritrade and now under the Charles Schwab umbrella, is an advanced trading platform designed to meet the needs of active traders and investors across various asset classes. 

Known for its cutting-edge technology, the platform delivers a highly comprehensive trading experience by combining robust analytical tools, extensive market insights, and unparalleled flexibility.

The thinkorswim platform is available in three main formats to suit various trader preferences: thinkorswim Desktop, thinkorswim Web, and thinkorswim Mobile. Each version is tailored to provide a seamless experience while catering to specific user needs. 

The desktop version is the flagship offering, featuring deep customization, advanced trading tools, and real-time data for professional traders. The web platform delivers streamlined functionality, which is ideal for traders seeking a user-friendly and intuitive browser-based solution. 

Meanwhile, the mobile app offers the power of desktop trading in the palm of your hand, enabling users to stay connected to the markets and execute trades on the go.

thinkorswim also boasts robust charting capabilities, offering hundreds of technical indicators and drawing tools to perform detailed analyses. Additionally, it supports advanced trading strategies through tools like thinkScript, a coding feature that allows users to create custom indicators and algorithms. 

The platform includes paperMoney, a virtual trading simulator where users can test strategies in a risk-free environment, to help traders refine their techniques.

Educational resources are another hallmark of thinkorswim, with integrated access to on-demand tutorials, live market commentary, and expert insights via Schwab’s Learning Center. 

Paired with commission-free trading on U.S. stocks and ETFs, alongside a $0.65 per contract fee for options, thinkorswim stands out as a powerful and accessible solution for traders looking to deepen their skills and execute complex strategies with precision.

Below are the core features offered by thinkorswim.

thinkorswim Core Features

thinkorswim, developed by TD Ameritrade and now part of Charles Schwab, is an advanced trading platform designed to cater to traders and investors seeking a highly customizable and comprehensive trading experience. 

With a range of innovative tools, deep analysis capabilities, and flexible interfaces, thinkorswim is a standout platform for both beginners and experienced traders.

Here’s what you need to know about thinkorswim’s core offerings.

Flexible and Customizable Interface

thinkorswim’s interface is one of the most flexible in the industry, offering unparalleled customization to suit your trading style. 

Users can easily arrange, resize, and organize windows to create a layout that optimizes workflow and enhances efficiency. Whether you prefer to focus on charts, watchlists, or order entry tools, the platform provides the tools needed to personalize your experience.

Also, thinkorswim supports multi-monitor setups, enabling traders to spread out data across multiple screens for a comprehensive market view. 

This feature is particularly beneficial for active traders managing numerous assets simultaneously. Tools like hotkeys and shortcuts further streamline navigation, ensuring you can execute trades quickly and effectively.

Comprehensive Charting and Analysis Tools

thinkorswim’s charting and analysis capabilities are robust. The platform features over 400 technical indicators, dozens of drawing tools, and support for advanced chart types. Users can analyze price movements with candlestick, bar, Renko, and Monkey Bar charts. 

Customizable timeframes range from real-time tick data to long-term monthly intervals, making the platform versatile for all trading strategies.

thinkorswim’s proprietary thinkScript adds depth, allowing users to create and customize their indicators and strategies.

thinkorswim offers Fibonacci retracements, trendlines, and moving averages to analyze key price levels and market trends for those who prefer prebuilt tools. The platform also integrates volatility studies and probability analysis, giving traders a clearer picture of risk and opportunity.

PaperMoney Virtual Trading

thinkorswim’s PaperMoney feature stands out among new and experienced traders alike. This virtual trading environment simulates real-market conditions, enabling users to test strategies and refine their skills without risking actual capital.

The PaperMoney platform allows traders to experiment with advanced trading techniques like options spreads and futures trading while monitoring their simulated performance. 

This tool is invaluable for familiarizing yourself with thinkorswim’s extensive features and preparing to execute complex strategies in live markets.

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Advanced Screening and Monitoring Tools

thinkorswim provides tools like Stock Hacker and Trade Flash to help traders identify opportunities and stay informed. 

Stock Hacker allows users to filter stocks and options based on custom criteria, such as fundamental, technical, or options-related data. Meanwhile, Trade Flash offers real-time updates on market events, block trades, and analyst upgrades, ensuring traders are always ready to act on emerging trends.

Moreover, users can set up customized watchlists to monitor their favorite securities and create alerts for price movements or key technical signals.

A Broad Range of Tradable Products

With thinkorswim, traders can access various asset classes, including stocks, ETFs, options, futures, and forex. 

This broad offering makes the platform suitable for virtually any trading strategy, whether intraday, swing, or long-term investing. 

Furthermore, thinkorswim supports 24/5 trading, allowing users to act on global market opportunities during extended hours.

Integrated Education and Market Insights

thinkorswim includes a comprehensive suite of educational resources featuring live market commentary, expert insights, and an expanding library of tutorials and webinars via Schwab’s Learning Center. 

The integration of Schwab Network provides access to live-streaming market news from CNBC and other trusted sources, empowering users with up-to-the-minute market data.

These resources make thinkorswim an excellent choice for traders who value continuous learning and want to stay informed about the latest market trends.

Innovative Tools for In-Depth Analysis

thinkorswim’s Analyze Tab offers unique tools for testing and refining trading ideas. Users can simulate "what-if" scenarios, backtest options strategies, and use probability analyses to evaluate potential trade outcomes. 

Additionally, the platform includes a database of economic indicators, allowing traders to incorporate macroeconomic trends into their strategies.

For options traders, thinkorswim excels with advanced tools for visualizing implied volatility, risk-reward scenarios, and the Greeks, making it an ideal platform for options professionals.

Let’s move on and discuss thinkorswim pricing.

thinkorswim Pricing

Here’s what to expect from thinkorswim in terms of pricing: 

Trading Fees and Commissions

Charles Schwab offers a competitive and transparent fee structure for trading various financial products. 

There are no commissions for online trades for listed stocks and ETFs on U.S. exchanges, making Schwab a cost-effective option for active traders and investors. However, broker-assisted trades come with a $25 service charge, which is added to the $0 commission for these securities.

Options trading is also attractive, with a $0 base commission and a $0.65 per-contract fee for online trades. 

Broker-assisted options trades cost $0.65 per contract, along with the $25 service charge. Additionally, there are no fees for exercised or assigned options, further reducing costs for traders utilizing advanced options strategies.

Over-the-counter (OTC) equities are subject to a flat fee of $6.95 per trade, regardless of whether they are executed online or through a broker. Broker-assisted OTC trades incur the same $25 service charge as other broker-assisted transactions. 

For mutual funds, Schwab provides access to thousands through the Schwab Mutual Fund OneSource, eliminating transaction fees for participating funds. Broker-assisted mutual fund trades incur a $25 service charge, and a $49.95 short-term redemption fee applies to funds held for 90 days or less.

Account Fees and Minimums

Schwab's account structure is highly accessible, with no fees for opening or maintaining brokerage accounts, IRAs, or Schwab Global Accounts. 

The lack of account minimums makes Schwab an attractive option for investors at all levels, from beginners to seasoned professionals. Similarly, there are no account minimums for Schwab One® Trust Accounts.

For managed account options, Schwab Intelligent Portfolios require a minimum investment of $5,000, while Schwab Intelligent Portfolios Premium has a higher minimum of $25,000. Investors seeking personalized wealth management through Schwab Wealth Advisory need at least $500,000 in assets to qualify.

Advisory and Managed Account Fees

Schwab Intelligent Portfolios charge no advisory fees or commissions, although ETF operating expenses apply. 

Schwab Intelligent Portfolios Premium includes a one-time $300 planning fee and a $30 monthly advisory fee. For high-net-worth clients, Schwab Wealth Advisory offers tiered pricing, starting at 0.80% annually, with reduced rates for higher asset levels.

The Schwab Advisor Network, which connects clients to independent financial advisors, charges no referral fees. Fees for advisory services vary based on the selected advisor and the client’s portfolio.

Positives of thinkorswim

thinkorswim has several key benefits, including the following:

• Advanced Charting And Analysis Tools: thinkorswim provides a cutting-edge charting suite, boasting over 400 technical indicators, customizable chart types, and a comprehensive array of drawing tools. These features allow for in-depth technical analysis, trend identification, and market insight, making it a favorite among advanced traders.
• PaperMoney Virtual Trading: The PaperMoney feature offers a robust virtual trading environment, enabling users to practice strategies, test ideas, and simulate trades under real market conditions without risking real capital. This invaluable tool helps traders hone their skills and build confidence.
• Thinkscript Programming Language: thinkorswim’s proprietary Thinkscript allows users to create custom indicators, algorithms, and trading strategies. This advanced functionality empowers traders to tailor the platform to their specific needs, offering unparalleled flexibility for strategy development and analysis.
• Wide Range Of Asset Classes: thinkorswim supports trading across various asset classes, including stocks, ETFs, options, futures, and forex. This diversity ensures traders have access to a broad spectrum of opportunities to match their trading goals.
• Multi-Platform Accessibility: thinkorswim is available on desktop, web, and mobile platforms, offering seamless access to trading tools and insights whether you’re at home or on the go. Each platform is optimized for usability and functionality, ensuring a consistent trading experience.

What Could Be Better?

There are also some drawbacks to thinkorswim that need to be addressed. 

• Steeper Learning Curve: thinkorswim’s vast array of features and advanced tools can be overwhelming for beginners. While the platform offers extensive educational resources, new traders may find it challenging to navigate and fully utilize all the available capabilities.
• Resource-Intensive Software: The thinkorswim desktop platform requires significant system resources, which may result in slower performance on older or less powerful computers. This could impact trading efficiency during high market volatility.

Let’s now compare the two on a side-by-side basis to see which is best for your needs. 

Charting Capabilities: Active Trader Pro vs. thinkorswim

Active Trader Pro offers robust charting tools, including over 25 drawing tools and more than 130 technical indicators, making it an excellent choice for traders performing detailed technical analysis. 

However, some advanced users might find its customization options somewhat limited compared to competitors. While the platform’s intuitive interface makes it easy to use, it doesn’t offer the same level of flexibility or depth found in more feature-rich platforms.

thinkorswim provides one of the most comprehensive charting packages in the industry. With over 400 technical indicators, advanced drawing tools, and the ability to create custom indicators using its proprietary Thinkscript programming language, the platform is ideal for traders seeking advanced, tailored market analysis. 

This flexibility sets thinkorswim apart, offering unparalleled opportunities for detailed and customized technical assessments.

Educational Resources: Active Trader Pro vs. thinkorswim

Active Trader Pro users benefit from Fidelity’s extensive library of educational resources, including market insights, webinars, and tutorials. 

These materials are designed to cater to traders of all experience levels, providing foundational knowledge for beginners and practical strategies for intermediate users. However, the platform’s educational offerings may not fully address the needs of advanced traders seeking more sophisticated techniques.

thinkorswim excels in educational support, providing resources suitable for traders across all skill levels. The platform offers on-demand tutorials, live market commentary, and integrated learning tools. 

One of its standout features is the paperMoney simulator, which allows traders to practice strategies in a risk-free environment that mimics real market conditions. This hands-on learning approach makes thinkorswim particularly valuable for traders aiming to refine their skills.

Community and Support: Active Trader Pro vs. thinkorswim

Active Trader Pro provides reliable 24/7 customer support through Fidelity, ensuring traders can access assistance at any time. 

However, the platform does not include built-in community features or social trading capabilities, which could appeal to traders looking for collaborative tools or the ability to share strategies with others.

thinkorswim also offers robust customer support, with a dedicated Trade Desk available during market hours to assist users with platform issues or trading strategies. 

While it does not feature integrated social trading tools, thinkorswim’s connection to Charles Schwab provides access to market experts and extensive educational content, creating a supportive ecosystem for traders.

Backtesting and Strategy Testing: Active Trader Pro vs. thinkorswim

Active Trader Pro does not offer built-in backtesting capabilities, which may limit its appeal for traders who rely on historical data to refine their strategies. 

This absence makes it less suitable for users focused on developing and optimizing complex trading methods.

thinkorswim provides a significant advantage in this area with its Thinkscript programming language, which enables users to backtest custom strategies against historical data. 

This functionality is invaluable for traders looking to evaluate the effectiveness of their approaches and make data-driven adjustments before entering live markets.

Platform Accessibility: Active Trader Pro vs. thinkorswim

Active Trader Pro is highly customizable, with features that allow users to create personalized workspaces and support for multi-monitor setups. 

However, the platform is primarily designed for desktop use, with limited mobile functionality available through Fidelity’s general app, which lacks advanced trading features.

thinkorswim offers greater accessibility across multiple platforms. Its desktop version is the flagship offering, providing advanced tools and deep customization options. 

The web platform delivers a streamlined, browser-based experience, while the mobile app offers powerful trading capabilities on the go. This multi-platform approach ensures that traders can access their tools and insights seamlessly, regardless of their location.

Range of Tradable Products: Active Trader Pro vs. thinkorswim

Active Trader Pro supports trading in stocks, ETFs, and options, making it suitable for a wide range of trading strategies. However, it does not offer access to futures or forex, which might be a drawback for traders seeking to diversify into these markets.

thinkorswim provides access to a broader selection of tradable products, including stocks, 

ETFs, options, futures, and forex. This extensive range of asset classes makes thinkorswim a versatile choice for traders who want to explore a variety of markets or implement complex, multi-asset strategies.

Active Trader Pro vs. thinkorswim: Which Should You Choose?

To help you decide which platform best suits your needs, here's a comparison table scoring each platform's features on a five-point scale.

Feature	Active Trader Pro	thinkorswim
Charting Capabilities	4.2	4.8
Educational Resources	4.0	4.5
Community and Support	3.8	4.2
Backtesting and Strategy Testing	0	4.5
Range of Trading  Products	3.9	4.6
Average Score	3.18	4.53

Active Trader Pro vs thinkorswim: Final Thoughts

Choosing between Active Trader Pro and thinkorswim ultimately depends on your trading goals, experience level, and preferred tools. 

Active Trader Pro offers a streamlined experience with seamless integration into Fidelity accounts, advanced charting, and a strong focus on ease of use for stock and options trading. Its affordability and intuitive design make it an excellent choice for traders seeking simplicity and robust educational support.

thinkorswim, on the other hand, stands out for its unparalleled depth in charting, analysis tools, and customization options.

Its Thinkscript programming language, extensive educational resources, and PaperMoney virtual trading platform make it ideal for traders who want to refine complex strategies or explore a wider range of asset classes, including futures and forex.

For traders prioritizing advanced capabilities and cross-platform accessibility, thinkorswim offers the versatility and power to meet those needs. 

If you’re looking for an easier learning curve and seamless integration with Fidelity’s services, Active Trader Pro is a strong contender. Both platforms provide excellent features, but thinkorswim edges out with its comprehensive suite of tools and broader market access.

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Frequently Asked Questions

What Are the Key Differences in Charting Tools Between Active Trader Pro and thinkorswim?

Active Trader Pro offers over 130 technical indicators and 25 drawing tools, which are sufficient for most traders. thinkorswim goes further with over 400 indicators, advanced charting styles like Renko and Monkey Bars, and the ability to create custom indicators with Thinkscript, making it ideal for advanced technical analysis.

Can I Use Active Trader Pro or thinkorswim for Forex Trading?

Active Trader Pro does not support forex trading, focusing instead on stocks, ETFs, and options. thinkorswim, however, includes forex trading in its broad range of asset classes, making it a better choice for those interested in currency markets.

How Do Educational Resources Compare Between the Two Platforms?

Both platforms offer extensive educational resources. Active Trader Pro provides webinars, tutorials, and market insights tailored to beginner and intermediate traders. thinkorswim excels with additional features like live market commentary and the PaperMoney simulator, which allows traders to practice strategies in real-time market conditions.

For the best forex educational resources, visit Photon Trading. 

Which Platform Is Better for Options Trading?

thinkorswim offers more advanced tools for options trading, including visualization tools for risk-reward analysis and implied volatility studies. While Active Trader Pro supports options trading with competitive pricing, it lacks the advanced features thinkorswim provides.

Are There Mobile Versions of Active Trader Pro and thinkorswim?

thinkorswim has a dedicated mobile app offering many of the same features as its desktop version, making it highly accessible for traders on the go. Active Trader Pro does not have a standalone mobile app but offers limited trading features through Fidelity’s general mobile app.

Is Backtesting Available on Both Platforms?

Backtesting is a major advantage of thinkorswim, allowing users to test custom strategies with Thinkscript against historical data. Active Trader Pro does not offer a backtesting feature, which may be a limitation for traders who rely on historical analysis to refine strategies.