webull and thinkorswim is there really difference now?

Discussion in 'Retail Brokers' started by mute9003, Aug 2, 2024.

  1. mute9003

    mute9003

    i know TOS used to be more professional when it was more or less paid platform and webull was still new on the scene


    but im wondering if there is any difference between those two now.
    since both are basically selling order flow

    what im asking is.
    is there a point to switch to TOS now that both are free platforms.

    and is there a recommended platform for scalping? (and why)
    because everyone on youtube obviously promotes their own platform and i feel like they are getting hidden benefits because they are promoting a platform.(im assuming its same as gaming industry with streamers, who are mostly hacking and gaming companies are looking the other way because streamers promote their game)
     
  2. schizo

    schizo

    No offense, but isn't Webull and Robinhood more for the noobs? I personally never used neither, so can't comment but TOS I've used for nearly 2 decades (or maybe longer? Sorry, I've lost count). Anyway, TOS is more catered to the advanced traders, especially if you're into options.

    Check out Quantower. They offer DOM, footprints, volume profile, TPO, VWAP, copy trader, everything. Not promoting, just a happy user. :)
     
    TrailerParkTed likes this.
  3. They’re skimming on option commissions, the $.65 per contract screws with bottom line?
     
  4. schizo

    schizo

    I hear ya. That's why I just use their platform for analysis. :)
     
  5. poopy

    poopy

    600 lot vert with Schwab at 0.5 per + fees = $640 per side inclusive.
    600 lot vert at webull = $178 per side inclusive.
     
    TrailerParkTed likes this.
  6. mute9003

    mute9003

    webull improved alot since it came out
    im not promoting it. but i learned with it and in the begining it was not really that great.
    but many people tried it and never went back afterwards. they added alot of more professional features ..

    but everywhere i ask its same answer. we tried it 5 years ago and it sucked.

    i tried using TOS but the interface is like going back to windows 95
    like. there is no need to use a keyboard today to operate the chart and scroll and zoom. that should be done with a mouse without having to press any extra keys.



    BUTx2 im asking more about their order execution not the interface.

    since TOS became free platform besides slightly different fees what makes TOP better than webull?
    they both sell orderflow they both have somewhat similar prices and more or less similar interface.
    webull has hands down better mobile app.
    but i belive it has slower order fill (how would i find that?)

    the reason i was asking is because obviously for scalping you need faster order fill.
    so im trying to find which one of these is better when it comes to order execution.
     
  7. Coin Flip

    Coin Flip

    Not trying to divert the conversation, but are you trying to scalp options? Is that even a thing? I thought bid/ask spread is so wide on options, that it makes it impossible unless you are a market maker.

    If you are going to scalp, shouldn't you be scalping equities?
     
  8. mute9003

    mute9003

    Stocks
     
  9. ROFLMAO!
     
  10. Coin Flip

    Coin Flip

    One thing to also consider besides the platform, is to make sure the broker is known for having tons of shares available to borrow for a given stock, so you can freely short.

    Been awhile since I have used Interactive Brokers but I remember not being particularly impressed with their shares available to short. So I think brokers are going to vary wildly in this aspect.
     
    #10     Aug 3, 2024