An alternative to Thinkorswim for the UK?

This is a discussion on An alternative to Thinkorswim for the UK? within the General Trading Chat forums, part of the Reception category; Hi, Firstly, sincere apologies for starting a new thread on a topic that, I can only imagine, has been discussed ...

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Old May 5, 2017, 9:20am   #1
 
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Joined May 2017
An alternative to Thinkorswim for the UK?

Hi,

Firstly, sincere apologies for starting a new thread on a topic that, I can only imagine, has been discussed countless times before. I promise I have searched but cannot seem to find a reasonable answer to my query, hence this thread.

I'm an absolute beginner trader just learning the ropes of day trading stocks. To that end I have taken quite a liking to Thinkorswim. I have been researching and learning as much as I can and have now hit a significant (I think) stumbling block.

In order to simulate trading I am using the TOS paper money. This means that the data feed is delayed by 20 minutes. I have got to the point where I want to set up a scan to catch stocks which are gapping up. To do this I need to do what TOS calls 'Adding a study filter' to my scan. The problem is, you can't do that without a live feed. And you can't have a live feed without a TDAmeritrade account. Oh, and you can't get one of those in the UK (the TD Direct account doesn't work with TOS either).

So I a left a little frustrated that I cannot utilise all the features of a great platform like TOS from the UK.

This brings me to my question - can anyone recommend a similar application to TOS, that is accessible in the UK? Something that offers paper money and a fully featured environment? I know there are lots of platforms out there but I am specifically looking for something on a similar level to TOS.

Thanks for reading.
5lim3r is offline   Reply With Quote
Old Nov 4, 2017, 11:05pm   #2
 
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Joined Mar 2008
Quote:
Originally Posted by 5lim3r View Post
Hi,

Firstly, sincere apologies for starting a new thread on a topic that, I can only imagine, has been discussed countless times before. I promise I have searched but cannot seem to find a reasonable answer to my query, hence this thread.

I'm an absolute beginner trader just learning the ropes of day trading stocks. To that end I have taken quite a liking to Thinkorswim. I have been researching and learning as much as I can and have now hit a significant (I think) stumbling block.

In order to simulate trading I am using the TOS paper money. This means that the data feed is delayed by 20 minutes. I have got to the point where I want to set up a scan to catch stocks which are gapping up. To do this I need to do what TOS calls 'Adding a study filter' to my scan. The problem is, you can't do that without a live feed. And you can't have a live feed without a TDAmeritrade account. Oh, and you can't get one of those in the UK (the TD Direct account doesn't work with TOS either).

So I a left a little frustrated that I cannot utilise all the features of a great platform like TOS from the UK.

This brings me to my question - can anyone recommend a similar application to TOS, that is accessible in the UK? Something that offers paper money and a fully featured environment? I know there are lots of platforms out there but I am specifically looking for something on a similar level to TOS.

Thanks for reading.
1. IB
2. Trade Station
3. Tasty Works

Number 3 is still in its infancy but is created by the Sosnoff spin off Tasty Trade so further down the line newer builds will mimic many of the ToS features
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