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Merchants know the way vital it’s to seek out the suitable evaluation platform. TC2000 is one highly effective choice for technical merchants, providing robust charting, buying and selling, and screening performance. This TC2000 evaluate ought to enable you assess whether or not it’s the suitable software for you.
Execs
Conditional alerts & indicators
Specialised choices buying and selling & evaluation
Cons
Solely U.S. inventory & choice protection
No backtesting or forecasting
What Does TC2000 Provide?
Our TC2000 Evaluate reveals that the platform’s primary characteristic set is kind of spectacular. The platform excels at charting and evaluation but additionally contains full buying and selling capabilities that enable customers to execute trades straight inside the program. Whereas these options are frequent to many competing platforms, TC2000’s choices are typically a bit extra refined than others.
Charting
TC2000 contains all the essential charts you’d count on, like OHLC (open, excessive, low, shut), candlesticks, strains, and extra. The platform additionally contains some specialised charts, together with Heiken-Ashi charts, a sort of superior candlestick chart that some merchants desire.
To assist merchants derive significant data from charts, TC2000 permits customers to attract trendlines straight on the chart, in addition to plot from an enormous library of indicators. Taking it a step additional, TC2000 additionally says you could plot indicators of indicators, which might be useful for extra complicated methods.
One disadvantage to notice is that the platform doesn’t appear to supply a few of the automated charting capabilities out there from rivals like TrendSpider.
📊 Be taught extra: Discover the finest inventory charting software program of 2023 with our thorough critiques and complete comparisons.
Buying and selling
A standout characteristic we observed when penning this TC2000 evaluate is the platform’s direct commerce execution. And in contrast to rivals, TC2000 isn’t simply doing a little clunky integration of one other dealer to supply direct buying and selling. As an alternative, TC2000 itself is a fully-fledged broker-dealer, registered with the SEC.
That’s an amazing bonus that provides merchants extra pace and suppleness. Since buying and selling is really built-in, customers can place trades straight from charts or add a number of stop-losses based mostly on totally different indicator standards.
Even higher, TC2000 presents a sturdy paper buying and selling system. That system helps you to observe your methods in actual time with precise market information with out placing capital in danger.
TC2000 does depend on infrastructure from Interactive Brokers. Which means you’ll be paying a premium over Interactive Brokers’ normal commissions to do any precise buying and selling. Because it stands, TC2000’s commissions are very excessive in comparison with these of most brokerages: $4.95 for shares & ETFs, and $0.65 per choices contract plus $2.95 per commerce.
📈 Be taught extra: Uncover the high paper buying and selling platforms of 2023 to sharpen your buying and selling expertise with out monetary danger.
Watchlists & Alerts
TC2000 presents robust watchlist performance, which may simply be paired with their alerts system. At their most simple, these watchlists are pre-built based mostly on well-liked indices just like the S&P 500 or Nasdaq-100. Nonetheless, customers can construct their very own watchlists with a purpose to hold observe of the property most vital to them.
Symbols might be added through search and arranged through a simple drag-and-drop technique. You too can hyperlink these watchlists together with your charts, which causes your lively chart to replace as you scroll by way of the watchlist.
By constructing out a system of alerts in tandem together with your watchlist, you may keep up to date in your crucial positions all through the buying and selling day. TC2000 lets customers set alerts based mostly on costs hitting particular indicators or based mostly on a extra complicated, conditional methodology. Even should you’re away out of your desk, you may nonetheless get notified of key alerts through e-mail and textual content message.
TC2000 Superior Options
In our TC2000 Evaluate, we discover that the platform’s primary options are definitely robust in comparison with its rivals, however it’s the platform’s superior options that set it aside.
Sure instruments that skilled merchants might have are lacking, together with backtesting and technique forecasting. Nonetheless, the options that TC2000 does provide are significantly well-developed. As such, the performance ought to be completely adequate for many merchants.
EasyScan Screener
The fundamental thought of a inventory screener is to filter a listing of shares based mostly on sure information factors to save lots of merchants useful analysis time. TC2000 takes this concept to the following degree with its EasyScan characteristic. The EasyScan system is by far one of the crucial spectacular elements of the entire platform and stands out compared to the scanning performance of rivals.
EasyScan has an amazing quantity of built-in information factors, together with technical indicators, elementary values, worth motion habits, and extra. Customers can simply mix these information factors conditionally through the use of and/or logic. If you might want to construct a extra complicated scan, you need to use their “Private Standards Components” (PCF) scripting language to take action.
Situation Wizard
TC2000 says that their situation wizard is the “coronary heart & soul” of TC2000. Whereas that is considerably of an exaggeration since merchants can discover loads of use for the platform with out the situation wizard, the software is pretty spectacular.
The situation wizard underlies the complicated scanning performance of TC2000’s EasyScan Screener, however the conditional logic can be utilized in nearly each space of the platform, together with watchlists, buying and selling, and alerts. Use of the PCF scripting language is simply obligatory for superior circumstances; easy ones might be created with out coding.
General, the situation wizard permits customers to create their very own customized indicator logic by combining a large library of pre-built information factors. As well as, TC2000 presents what they name “flex” circumstances, which should happen inside a sure time frame.
Workspaces
On this TC2000 evaluate, we take a better have a look at the platform’s person interface. At first look, it may not be the simplest to decipher. In the event you’re used to buying and selling platforms, it might really feel pure, however for newer merchants, the structure might be tough to interpret.
With time, although, TC2000’s interface begins to make sense – which helps unlock the ability behind it. The workspaces are extremely customizable, permitting customers to tailor the interface precisely to their wants.
TC2000 contains a variety of built-in layouts that provide distinctive visualizations of key data. As an example, with the Drilldown structure, TC2000 mechanically lists the particular inventory elements that make up a selected business. This lets customers shortly determine particular person alternatives inside a sector.
One other built-in interface is the 4-timeframe structure, which mechanically pulls up 15-minute, day by day, weekly, and month-to-month charts for the chosen asset. However the actual energy in TC2000’s workspaces entails the power to regulate the assorted pre-built elements to create a novel structure that enhances your specific buying and selling type.
Specialised Asset Options
One disadvantage of TC2000 is that it doesn’t assist property like crypto, foreign exchange, or futures. However the upside of that disadvantage is that TC2000 has labored exhausting to develop centered options for shares and choices, the property they do assist.
That focus is obvious in TC2000’s charting capabilities. The platform permits merchants to plot choices and their underlying shares collectively on the identical chart to allow them to simply see the connection between the 2. Furthermore, TC2000 helps you to plot bid-ask information in sure circumstances, which ensures you’ve a usable chart for property that don’t commerce steadily, like sure low-volume choices.
TC2000 additionally permits customers to implement sophisticated, multi-leg choices methods in only one click on. This makes it simpler to execute the trades you need and reduces the chance of an incorrectly specified entry. Lastly, mini-pictures and shaded revenue & loss zones for sure choices methods assist merchants intuitively perceive the constructions of their trades at a look.
How Does TC2000 Work?
Probably the most vital issues to grasp when getting began with TC2000 is that the platform presents two separate varieties of accounts. One is the software program account, which lets you use its buying and selling and charting instruments. The opposite is the brokerage account, which lets you place trades by way of the platform.
Software program Account
If you wish to rise up and operating with TC2000’s software program, you’ll have to buy one of many plans on provide. Whereas it’s attainable to arrange a free account and use the net platform, its performance is so restricted that it’s doubtless not price pursuing usually. Potential customers might be significantly better off looking by way of TC2000’s library of YouTube movies to get a greater really feel for the platform.
With that being mentioned, TC2000 does provide a 30-day money-back assure, though you might want to name their assist quantity to request it. Plans are competitively priced for the business, so customers ought to be capable of discover a tier that aligns with their wants.
When you discover a pricing plan that works for you, although, the fees aren’t accomplished. Customers have to pay additional for real-time inventory, choices, and index information. On high of that, you may pay extra for a streaming information feed. Lastly, TC2000 additionally presents customers the choice to develop the potential of the software program’s alert and scanning system with some additional charges.
TC2000 presents a powerful on-line net platform. Nonetheless, most merchants might be higher served by downloading the desktop software program, which is on the market for both Mac or Home windows. TC2000 additionally presents a cell app, though the performance is considerably restricted.
Brokerage Account
As we talked about on this TC2000 evaluate, you’ll want to join a separate brokerage account to make use of TC2000’s buying and selling options. Nonetheless, should you decide to not commerce by way of TC2000 (maybe due to the excessive commissions), you’re not required to arrange a brokerage account to make use of the software program.
Like another brokerage, you’ll want to provide documentation to TC2000 to open up an account, and it might take just a few days to be accepted. As soon as your account is activated, you’ll have to hyperlink a checking account and fund your brokerage account earlier than you can begin buying and selling.
📈 Be taught extra: Discover our collection of the 5 finest on-line brokers for inventory buying and selling in 2023 to raise your funding technique.
Plans and Pricing
One space by which TC2000 stands out is its pricing. Though the platform presents a reasonably strong characteristic set with superior performance, its worth is comparable with reasonably priced rivals like TradingView.
| Plan | Month-to-month Value | Annual Value | Bi-Annual Value |
|---|---|---|---|
| Silver | $9.99 | $8.32/month | $7.49/month |
| Gold | $29.99 | $24.99/month | $22.49/month |
| Platinum | $59.99 | $49.99/month | $44.99/month |
General, the Silver plan presents little to merchants. The Gold plan, although, supplies customers with a beautiful center floor between performance and worth. The Platinum plan will doubtless be Most worthy to customers whose methods rely on intraday worth evaluation and buying and selling.
| Silver | Customized layouts, No EasyScan, Fundamental watchlists, No circumstances, No drill down, No alerts, No real-time refresh, No point-in-time filter, No brokerage low cost |
| Gold | Customized layouts, EasyScan, Superior watchlists, Circumstances through wizard or system, Drill down, As much as 100 alerts, No real-time refresh, No point-in-time filter, No brokerage low cost |
| Platinum | Customized layouts, EasyScan, Superior watchlists, Circumstances through wizard or system, Drill down, As much as 1000 alerts, Actual-time filter refresh and market gauges, Filter for a selected time limit, $300 brokerage low cost per 12 months |
Along with expenses in your chosen plan, you’ll additionally have to know the brokerage charges that TC2000 expenses to commerce on the platform. Because it stands, TC2000 expenses excessive commissions. As well as, they seem to cost a 1% unfold over the usual Interactive Brokers margin charges.
| Service | Cost |
|---|---|
| Inventory Commerce | $4.95 fee |
| ETF Commerce | $4.95 fee |
| Choice Commerce | $0.65 per contract plus $2.95 per commerce fee |
| Margin, Acct Worth $0 – $100k | 7.83% |
| Margin, Acct Worth $100k – $1 million | 7.33% |
| Margin, Acct Worth $1 million – $50 million | 7.08% |
| Margin, Acct Worth $50 million – $200 million | 6.83% |
| Margin, Acct Worth $200 million+ | 6.83% |
When in comparison with what TC2000 expenses for utilizing their software program, the comparatively excessive brokerage charges could come as a shock. Partly, that’s doubtless a limitation of counting on the Interactive Brokers infrastructure to execute trades.
Is TC2000 Price It?
TC2000’s software program is spectacular, particularly when you think about the value level at which it’s provided. Whereas there are just a few instruments lacking, most merchants will discover themselves well-served by the platform. The pricing can be aggressive; customers would want to pay a a lot greater worth to get the identical instruments elsewhere.
Nonetheless, the identical isn’t true for TC2000’s brokerage choices. In 2023, there are many alternatives for individuals to commerce shares and choices commission-free. With that being mentioned, it’s handy to have direct buying and selling inside your evaluation platform. Whether or not utilizing the TC2000 brokerage is price it depends upon how a lot you worth the convenience of transitioning from evaluation to execution.
On this TC2000 evaluate, we’ll break down whether or not the software program is price it, one providing at a time.
Silver Plan
The Silver plan is cheap however doesn’t include a lot performance. Whereas customers can evaluate varied charts and create primary watchlists, all of the options that make TC2000 useful are inaccessible at this degree.
At this worth level, merchants are doubtless higher served by a platform like TradingView. General, the TC2000 Silver plan is unlikely to be price it for many merchants.
Gold Plan
With the Gold plan, you may entry nearly each characteristic that makes TC2000 particular, together with EasyScan, customized indicators, and superior watchlists.
At $29.99, the month-to-month worth is decrease than one would possibly count on for an evaluation platform with these options. TrendSpider, for instance, expenses about $40/month for its primary degree, which comes with robust limitations.
📚 Be taught extra: Get an in-depth comparability of TrendSpider vs TradingView with our detailed 2023 characteristic evaluation.
Platinum Plan
The Platinum plan does include a considerable bounce in worth, however that’s as a result of it caters principally to high-frequency and intraday merchants. When seconds matter, merchants are prepared to pay extra for instruments that give them an edge.
This tier comes with just a few enhancements on the Gold plan, together with real-time indicators for markets and property. Finally, it’s exhausting to say whether or not or not the Platinum plan is price it since its additional worth is extremely depending on a person dealer’s type. In the event you steadily commerce intraday, although, it’s price contemplating.
Verdict
To wrap our TC2000 evaluate up, this platform is a good choice for buying and selling software program that includes robust performance at a beautiful worth level. Its EasyScan inventory screener, conditional logic, and customised structure set it aside from rivals. Furthermore, its main choices, which embrace charting, buying and selling, and alerts, are usually higher developed than these of different platforms.
With that being mentioned, TC2000 solely presents assist for inventory and choices buying and selling. In the event you’re a foreign exchange, futures, or crypto dealer, TC2000 is probably not the suitable platform for you. Furthermore, TC2000 doesn’t provide backtesting or technique forecasting capabilities. That’s a giant disadvantage, particularly when so many different platforms at this time provide these helpful instruments.
TC2000 is certainly a worthwhile choice to probe for U.S. inventory and choices merchants in search of a rigorous evaluation platform that helps direct buying and selling execution. Whereas there’s no free trial out there, the platform does provide a 30-day money-back assure if it’s not the suitable match.
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