Merchants know the way essential it’s to search out the proper evaluation platform. TC2000 is one highly effective choice for technical merchants, providing robust charting, buying and selling, and screening performance. This TC2000 evaluation ought to make it easier to assess whether or not it’s the proper software for you.

What Does TC2000 Provide?

Our TC2000 Evaluate reveals that the platform’s fundamental function set is kind of spectacular. The platform excels at charting and evaluation but in addition contains full buying and selling capabilities that permit customers to execute trades straight inside the program. Whereas these options are widespread to many competing platforms, TC2000’s choices are typically a bit extra refined than others.

Charting

TC2000 contains all the essential charts you’d anticipate, like OHLC (open, excessive, low, shut), candlesticks, strains, and extra. The platform additionally contains some specialised charts, together with Heiken-Ashi charts, a kind 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 that you may 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 among the automated charting capabilities obtainable from rivals like TrendSpider.

? Be taught extra: Discover one of the best inventory charting software program of 2023 with our thorough critiques and complete comparisons.

Buying and selling

A standout function we observed when penning this TC2000 evaluation is the platform’s direct commerce execution. And in contrast to rivals, TC2000 isn’t simply performing some 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 incredible bonus that offers merchants extra velocity and suppleness. Since buying and selling is actually 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 permits you to apply your methods in actual time with precise market knowledge 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’ commonplace 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 highest paper buying and selling platforms of 2023 to sharpen your buying and selling expertise with out monetary threat.

Watchlists & Alerts

TC2000 presents robust watchlist performance, which might simply be paired with their alerts system. At their most simple, these watchlists are pre-built based mostly on in style indices just like the S&P 500 or Nasdaq-100. Nonetheless, customers can construct their very own watchlists with the intention to hold observe of the belongings most essential to them.

Symbols might be added through search and arranged through a straightforward drag-and-drop methodology. It’s also possible to hyperlink these watchlists together with your charts, which causes your energetic chart to replace as you scroll by means of the watchlist.

By constructing out a system of alerts in tandem together with your watchlist, you possibly can keep up to date in your vital 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 if you happen to’re away out of your desk, you possibly can 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 fundamental 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 supply are significantly well-developed. As such, the performance needs to be completely adequate for many merchants.

EasyScan Screener

The essential concept of a inventory screener is to filter an inventory of shares based mostly on sure knowledge factors to save lots of merchants useful analysis time. TC2000 takes this concept to the following stage with its EasyScan function. The EasyScan system is by far one of the spectacular elements of the entire platform and stands out compared to the scanning performance of rivals.

EasyScan has an incredible quantity of built-in knowledge factors, together with technical indicators, elementary values, worth motion conduct, and extra. Customers can simply mix these knowledge factors conditionally by utilizing and/or logic. If it’s essential construct a extra complicated scan, you should 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 virtually each space of the platform, together with watchlists, buying and selling, and alerts. Use of the PCF scripting language is just mandatory for superior circumstances; easy ones might be created with out coding.

Total, the situation wizard permits customers to create their very own customized indicator logic by combining a large library of pre-built knowledge factors. As well as, TC2000 presents what they name “flex” circumstances, which should happen inside a sure time period.

Workspaces

On this TC2000 evaluation, we take a more in-depth take a look at the platform’s consumer interface. At first look, it may not be the best 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 quite a lot of built-in layouts that provide distinctive visualizations of key data. As an example, with the Drilldown structure, TC2000 mechanically lists the precise inventory parts that make up a specific trade. This lets customers shortly establish 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 true energy in TC2000’s workspaces includes the flexibility to regulate the varied pre-built parts to create a singular structure that enhances your explicit buying and selling type.

Specialised Asset Options

One disadvantage of TC2000 is that it doesn’t assist belongings like crypto, foreign exchange, or futures. However the upside of that disadvantage is that TC2000 has labored exhausting to develop targeted options for shares and choices, the belongings they do assist.

That focus is clear 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 permits you to plot bid-ask knowledge in sure circumstances, which ensures you’ve gotten a usable chart for belongings that don’t commerce regularly, 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 buildings of their trades at a look.

How Does TC2000 Work?

One of the crucial essential issues to know when getting began with TC2000 is that the platform presents two separate forms 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 means of the platform.

Software program Account

If you wish to stand up and working with TC2000’s software program, you’ll must buy one of many plans on supply. 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 normally. Potential customers can be a lot better off looking out by means of TC2000’s library of YouTube movies to get a greater really feel for the platform.

With that being mentioned, TC2000 does supply a 30-day money-back assure, though it’s essential name their assist quantity to request it. Plans are competitively priced for the trade, so customers ought to have the ability to discover a tier that aligns with their wants.

When you discover a pricing plan that works for you, although, the fees aren’t carried out. Customers must pay further for real-time inventory, choices, and index knowledge. On high of that, you possibly can pay extra for a streaming information feed. Lastly, TC2000 additionally presents customers the choice to increase the aptitude of the software program’s alert and scanning system with some further charges.

TC2000 presents a robust on-line internet platform. Nonetheless, most merchants can be higher served by downloading the desktop software program, which is on the market for both Mac or Home windows. TC2000 additionally presents a cellular app, though the performance is considerably restricted.

Brokerage Account

As we talked about on this TC2000 evaluation, you’ll want to join a separate brokerage account to make use of TC2000’s buying and selling options. Nonetheless, if you happen to choose to not commerce by means of TC2000 (maybe due to the excessive commissions), you’re not required to arrange a brokerage account to make use of the software program.

? Be taught extra: Discover our choice of the 5 finest on-line brokers for inventory buying and selling in 2023 to raise your funding technique.

Plans and Pricing

One space wherein TC2000 stands out is its pricing. Though the platform presents a reasonably sturdy function set with superior performance, its worth is comparable with inexpensive rivals like TradingView.

Total, the Silver plan presents little to merchants. The Gold plan, although, supplies customers with a pretty center floor between performance and worth. The Platinum plan will doubtless be most dear to customers whose methods rely on intraday worth evaluation and buying and selling.

Along with prices in your chosen plan, you’ll additionally must know the brokerage charges that TC2000 prices to commerce on the platform. Because it stands, TC2000 prices excessive commissions. As well as, they seem to cost a 1% unfold over the usual Interactive Brokers margin charges.

When in comparison with what TC2000 prices for utilizing their software program, the comparatively excessive brokerage charges might 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 worth level at which it’s supplied. Whereas there are a couple of 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 increased 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 folks 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 benefit of transitioning from evaluation to execution.

On this TC2000 evaluation, 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 evaluation numerous charts and create fundamental watchlists, all of the options that make TC2000 useful are inaccessible at this stage.

At this worth level, merchants are doubtless higher served by a platform like TradingView. Total, the TC2000 Silver plan is unlikely to be price it for many merchants.

Gold Plan

With the Gold plan, you possibly can entry virtually each function 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 anticipate for an evaluation platform with these options. TrendSpider, for instance, prices about $40/month for its fundamental stage, which comes with robust limitations.

? Be taught extra: Get an in-depth comparability of TrendSpider vs TradingView with our detailed 2023 function 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 a couple of enhancements on the Gold plan, together with real-time indicators for markets and belongings. In the end, it’s exhausting to say whether or not or not the Platinum plan is price it since its further worth is extremely depending on a person dealer’s type. In the event you regularly commerce intraday, although, it’s price contemplating.

Verdict

To wrap our TC2000 evaluation up, this platform is a superb choice for buying and selling software program that includes robust performance at a pretty worth level. Its EasyScan inventory screener, conditional logic, and customised structure set it other than rivals. Furthermore, its major choices, which embody charting, buying and selling, and alerts, are sometimes 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 will not be the proper platform for you. Furthermore, TC2000 doesn’t supply backtesting or technique forecasting capabilities. That’s an enormous disadvantage, particularly when so many different platforms at the moment supply 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 obtainable, the platform does supply a 30-day money-back assure if it’s not the proper match.