Schwab Launches thinkorswim® ‘Guest Pass’, Offering a 30-Day Test-Drive of Its Award-Winning Trading Platforms
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
January 25, 2024 WESTLAKE, Texas–(BUSINESS WIRE)–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.
