// side-by-side

thinkorswim (Schwab) vs SpotGamma

A side-by-side look at published plans and listed features, checked 2026-10-17.

Field	thinkorswim (Schwab)	SpotGamma
Starting price	Free	from $99/mo · $891/yr
Plans (monthly · yearly)	thinkorswim platform Free 30-day Guest Pass for people without a Schwab account.	Essential $99/mo · $891/yr ($74/mo billed annually) Alpha $299/mo · $2,691/yr ($224/mo billed annually) An Institutional plan for hedge funds, banks and asset managers is listed as "Starting at $1,999/mo" (contact sales); it is not shown as a plan here.
Free plan
Free trial	Not listed	Not listed
Platforms	Not listed in our data	Not listed in our data
Real-time data	Not stated on vendor page	Yes (HIRO, TRACE and Tape)
Key features	Stock Hacker scanner (fundamental, technical and option-related criteria, custom attributes) Pre-defined and custom screeners, watchlists thinkScript custom studies and condition wizard 400+ technical studies paperMoney simulated trading Desktop (Windows, Mac; a Linux installer is offered without official support), web and mobile	Gamma exposure and dealer-positioning levels for major US indices Equity Hub: options positioning and support/resistance levels for 3,500+ US stocks TRACE (S&P 500) and HIRO: real-time views of options hedging pressure Tape: options flow feed covering 3,000+ tickers Founder's Note daily commentary, volatility dashboard, Compass and scanners
Last checked	2026-10-17	2026-10-17
Source	https://www.schwab.com/trading/thinkorswim	https://spotgamma.com/subscribe-to-spotgamma/
Links	Visit site (opens in new tab)	Visit site (opens in new tab)

≈ = calculated by us, not published by the vendor. Prices in USD before tax. How we read prices →