thinkorswim OnDemand: what the replay does, and what a journal adds

Tradoshi and thinkorswim OnDemand at a glance

12 lines to decide fast, then the detail below with the sources read on thinkorswim OnDemand.

1. What thinkorswim OnDemand and Tradoshi each offer, plan by plan

Every thinkorswim OnDemand plan and every one of ours, with what each actually unlocks. Prices are those shown on both pricing pages on 10 September 2026.

Every price on this page is in dollars, on both sides, and no exchange rate is applied. Schwab displays no price of its own for OnDemand: it is part of thinkorswim, which Schwab makes available to its clients free of charge, its standard pricing applying to real orders. Without a Schwab account, a Guest Pass lets you try thinkorswim for 30 days. Prices read on schwab.com on 10 September 2026: their page prevails over this one.

On price there is no contest: for a Schwab client, OnDemand costs nothing, and our backtesting starts on the Pro plan, at $39.99 per month. Neither our free plan nor Essential includes it. If all you want is to replay a session inside your platform, stay with OnDemand. What we charge for is elsewhere: keeping the memory of your real trades and your test sessions, measuring them with the same formulas, and seeing what pulls you away from your rules.

2. The partner offer, in months of revenue

Schwab publishes no affiliate program for creators on the pages read. What exists is a client-to-client referral: a referred friend who becomes a client and makes a qualifying net deposit can get up to $1,000, according to Schwab's page. It is a welcome bonus paid to the referred person, not a commission on a subscription.

Our schedule is public and pays from the first customer: 15% for life, 20% at fifteen active subscribers, 25% at fifty-one, on every payment collected.

Comparing two percentages means nothing while the durations differ. The honest unit is months of the referred customer's revenue: it neutralises both the product price and the commission duration. Read it as: for a customer who stays N months, the partner has earned the equivalent of X months of that customer's revenue.

The table only holds our rows: a referral bonus paid to the referred person does not convert into months of revenue, and OnDemand has no subscription a commission could land on.

On our side, the commission lands on every payment collected, with a 30-day holding period and a €500 payout threshold.

3. Mentoring, and who pays for whom

Mentoring appears on none of the thinkorswim pages read: no mentor account, no student invitation, no shared space. Schwab highlights something else, which deserves credit: live and on-demand education, with the Learning Center and Schwab Coaching, and trading specialists reachable 24/7.

At Tradoshi, the mentor account is free. The student is the subscriber, from the Pro plan up, and invites their mentor, who pays nothing to follow their trades and progress.

For a trader working alone this line is worth nothing, and that should be said. For a school or an educator it decides everything: following thirty students costs nothing extra, where elsewhere it would take one subscription per supervisor.

How mentoring works at Tradoshi · The offer for educators and schools

4. The full comparison, feature by feature

Every line comes from both public pricing pages, read on the same day. Nothing is pulled from a help centre on one side and a grid on the other: on unequal evidence, a comparison stops being honest. “Absent from the grid” means exactly that, not “does not exist”.

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5. What we concede to thinkorswim OnDemand

A comparison won on every single line is not a comparison, it is an advert. Here are the points where thinkorswim OnDemand is ahead, with nothing taken off.

The verdict

If you trade at Schwab, you are going to keep OnDemand, and that is fine: it is included, it sits in your platform, and the platform covers markets our backtesting does not replay. OnDemand answers “how would my strategy have behaved in that session?” and, for a Schwab client, nothing is simpler. Tradoshi answers “what do I actually do when it is real?”: what are my losing streaks, at what hour do I lose, what state was I in, and do I stick to my rules. The most sensible setup is simple: OnDemand to practise, your thinkorswim statement imported into Tradoshi to measure. And if you trade forex, gold or indices and want test sessions scored with your journal's formulas, our backtesting is built for that, from the Pro plan.

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