think or swim has free level 2 but td bought them a couple months ago so now the clearling house is different i think. im still trying to decide if its worth it to keep think or swim for free level 2 but having to pay higher trades and shitty borrows when i can use zecco(have an account there but no money at the moment)..zecco has no level 2 but much cheaper trades and very good borrows and if a stock wasnt available to short, they always find it for me when i ask for it, think or swim not only never has good borrows but they will no longer try to locate shares for you. so tos is good in a bull market but if you are expecting a pullback and wanna make some money the other way, tos stinks. personally, unless you are trading pink or ocbbs, level 2 is far less valuable than having a briker with good borrows and cheap trading costs.