“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.”
Schwab has announced the launch of its thinkorswim Guest Pass program, an initiative offering a 30-day trial of the thinkorswim trading platform suite, accessible without a Schwab account.
Concurrently, Schwab revealed enhancements to the trading experience on Schwab.com and Schwab Mobile, focusing on customization, ease-of-use, and more streaming data.
thinkorswim Guest Pass targets non-Schwab clients
The thinkorswim Guest Pass targets non-Schwab clients, allowing them to explore the thinkorswim platforms – web, desktop, and mobile versions – in a simulated market environment called paperMoney.
Participants receive $100,000 in simulated funds to trade in various account types and experiment with asset classes like futures and forex. James Kostulias, Managing Director and Head of Trading Services at Charles Schwab, emphasized this launch as a continuation of the innovative momentum in trading services.
Existing Schwab clients are not left out, as they have access to the thinkorswim paperMoney simulated trading environment. This feature enables current clients to experience the platform’s capabilities.
thinkorswim’s recent upgrades
In addition to the Guest Pass, Schwab has been enhancing its retail trading platforms. These enhancements, driven by client feedback, focus on three areas: customization, ease of use, and streaming.
Customization improvements include the ability to select visible columns on Options Chain pages and set custom defaults for Watchlists on Schwab.com and Schwab Mobile. The ease of use is enhanced through trade ticket improvements, the ability to filter order status by activity date or symbol, and support for multi-leg options strategies in SnapTicket®.
The company also made significant strides in research and streaming data. Schwab.com and Schwab Mobile now offer streaming quotes on various pages, and clients can customize streaming limit prices. Additionally, four new stock reports were added on Schwab Mobile.
Katie Ryan, Managing Director of Digital Trading and Research at Charles Schwab, stated these enhancements align with Schwab’s commitment to evolving its digital trading and research offerings based on client input. Schwab aims to merge the best of both Schwab and TD Ameritrade to provide a unique trading experience.
“We believe in the power and strength of the thinkorswim platforms”
James Kostulias, Managing Director and Head of Trading Services, Charles Schwab, said: “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. 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.”
Katie Ryan, Managing Director of Digital Trading and Research at Charles Schwab, commented: “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. 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.”