Schwab Launches thinkorswim® ‘Guest Pass’, Offering a 30-Day Test-Drive of Its Award-Winning Trading Platforms
January 25 2024 - 7:30AM
Business Wire
Schwab also announces another round of
enhancements to the retail trading experience on Schwab.com and
Schwab Mobile, deepening customization, promoting greater
ease-of-use, and providing more streaming data
Schwab today announced the launch of thinkorswim Guest Pass, a
program that provides 30-day trial access to the thinkorswim
trading platform suite without the need for a Schwab account. The
firm also announced a new set of enhancements to the trading
features and functionality on Schwab.com and Schwab Mobile.
thinkorswim Guest Pass allows traders who are not clients of
Charles Schwab to take 30 days to explore and test drive the
thinkorswim trading platforms – thinkorswim web, thinkorswim
desktop, and thinkorswim mobile – in a simulated market environment
called paperMoney®. With Guest Pass, those who have been interested
in thinkorswim or trading in general can use $100,000 of simulated
buying power in a taxable account, IRA, or portfolio margin account
to test their strategies or even experiment with asset classes like
futures and forex using thinkorswim’s industry-leading trading,
analysis, and charting tools.
“Towards the end of 2023, we introduced Schwab Trading Powered
by Ameritrade™, a new trading experience made possible by the
combination of two of the industry’s most innovative firms, and now
we're continuing the momentum in the trading space with the launch
of Guest Pass,” said James Kostulias, Managing Director and Head of
Trading Services, Charles Schwab. “We believe wholeheartedly in the
power and strength of the thinkorswim platforms to deliver a
world-class trading experience, and Guest Pass gives people the
opportunity to experience it for themselves in a risk-free
environment.”
Existing Schwab clients who want to test out thinkorswim have
access to the thinkorswim paperMoney simulated trading environment,
which provides a similar experience for clients who want to see the
platforms’ capabilities in action.
For more information on Guest Pass, visit
www.schwab.com/guestpass.
Continued Enhancements to Trading on Schwab’s Retail
Platforms
Last spring, Schwab announced a number of enhancements to the
trading experiences on Schwab.com and Schwab Mobile. Informed by
client feedback and needs, the most recent set of enhancements
addresses three key themes: customization, ease of use, and
streaming.
Recently added customization features:
- The Options Chain pages on Schwab.com and Schwab Mobile now
allow clients to choose which columns they want to see, including
Greeks calculations.
- Watchlists on Schwab.com offer custom defaults, allowing
clients to choose the watchlist and tab they land on when
navigating to the page.
- Watchlists on Schwab Mobile now include custom flow and sorting
columns and the ability to add alerts.
- Watchlists can be set as a start screen for clients on Schwab
Mobile, allowing quicker access based on the client’s
preference.
New ease of use functionality:
- Trade ticket improvements on Schwab.com and Schwab Mobile
include new default trade settings, the ability to click or tap to
incrementally adjust quantity or price, and integration of the
options chain within an options trade ticket.
- The Schwab Mobile and Schwab.com Order Status page now allows
clients to filter by activity date. Order Status on Schwab Mobile
also now includes the ability to filter by symbol.
- SnapTicket® now supports multi-leg options strategies.
- Added Buy/Sell buttons in the “First Glance” feature allow
clients to place a trade from within the research page.
- Added plot bands and labels on intraday stock charts to help
clients visually distinguish pre- and post-market designations for
regular market quotes.
Latest enhancements to research and streaming data:
- Schwab.com now features streaming quotes on the Positions,
Order Status, Watchlists, Trade Tickets, and Options Chain
pages.
- Schwab Mobile now features streaming quotes on the Positions,
Order Status, Watchlists, Trade Tickets, Research, and Options
Chain pages.
- Clients now have the ability to customize limit price streaming
based on their preference.
- Added four new stock reports on Schwab Mobile.
“These enhancements are part of our ongoing commitment to build
out features and functionality on Schwab.com and Schwab Mobile that
clients tell us are important to them,” said Katie Ryan, Managing
Director of Digital Trading and Research at Charles Schwab. “We’re
in a unique position to bring the best of Schwab and TD Ameritrade
together and it's our aim to give clients a truly differentiated
trading experience. To that end, clients can expect us to continue
to deliver new and enhanced capabilities based on their
feedback.”
For more information about trading at Schwab, please visit
www.schwab.com/trading.
About Charles Schwab
At Charles Schwab, we believe in the power of investing to help
individuals create a better tomorrow. We have a history of
challenging the status quo in our industry, innovating in ways that
benefit investors and the advisors and employers who serve them,
and championing our clients’ goals with passion and integrity.
More information is available at aboutschwab.com. Follow us on
X, Facebook, YouTube, and LinkedIn.
Disclosures
Investing involves risk, including loss of principal.
The Guest Pass (paperMoney®) software application is for
educational purposes only. Successful virtual trading during one
time period does not guarantee successful investing of actual funds
during a later time period, as market conditions change
continuously.
TD Ameritrade, Inc., member FINRA/SIPC, a subsidiary of The
Charles Schwab Corporation. TD Ameritrade is a trademark jointly
owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion
Bank.
Futures and futures options trading involves substantial risk
and is not suitable for all investors. Please read the Risk
Disclosure Statement for Futures and Options prior to trading
futures products. Futures accounts are not protected by the
Securities Investor Protection Corporation (SIPC).
Additional CFTC and NFA futures and forex public disclosures for
Charles Schwab Futures and Forex LLC can be found here. Futures and
futures options trading services provided by Charles Schwab Futures
and Forex LLC. Trading privileges subject to review and approval.
Not all clients will qualify.
© 2024 Charles Schwab & Co., Inc. All rights reserved.
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Margaret Farrell Charles Schwab (203) 434-2240
Margaret.farrell@schwab.com
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