Schwab has announced the launch of thinkorswim Guest Pass, a programme 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 US$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.