Merchants understand how necessary it’s to search out the proper evaluation platform. TC2000 is one highly effective possibility for technical merchants, providing sturdy charting, buying and selling, and screening performance. This TC2000 assessment ought to show you how to assess whether or not it’s the proper device for you.
Professionals
Conditional alerts & indicators
Specialised choices buying and selling & evaluation
Cons
Solely U.S. inventory & possibility protection
No backtesting or forecasting
What Does TC2000 Provide?
Our TC2000 Overview reveals that the platform’s primary function set is kind of spectacular. The platform excels at charting and evaluation but additionally consists of full buying and selling capabilities that enable customers to execute trades instantly 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 consists of all the fundamental charts you’d anticipate, like OHLC (open, excessive, low, shut), candlesticks, strains, and extra. The platform additionally consists of some specialised charts, together with Heiken-Ashi charts, a kind of superior candlestick chart that some merchants favor.
To assist merchants derive significant data from charts, TC2000 permits customers to attract trendlines instantly 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 could be useful for extra advanced methods.
One downside to notice is that the platform doesn’t appear to supply a number of the computerized charting capabilities accessible from opponents like TrendSpider.
? Study extra: Discover the very best inventory charting software program of 2023 with our thorough critiques and complete comparisons.
Buying and selling
A standout function we seen when penning this TC2000 assessment is the platform’s direct commerce execution. And in contrast to opponents, 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 important bonus that provides merchants extra pace and adaptability. Since buying and selling is really built-in, customers can place trades instantly from charts or add a number of stop-losses primarily based on completely different indicator standards.
Even higher, TC2000 presents a strong paper buying and selling system. That system helps you to follow your methods in actual time with precise market knowledge with out placing capital in danger.
TC2000 does depend on infrastructure from Interactive Brokers. Meaning you’ll be paying a premium over Interactive Brokers’ customary 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.
? Study extra: Uncover the highest paper buying and selling platforms of 2023 to sharpen your buying and selling abilities with out monetary danger.
Watchlists & Alerts
TC2000 presents sturdy watchlist performance, which may simply be paired with their alerts system. At their most simple, these watchlists are pre-built primarily based on in style indices just like the S&P 500 or Nasdaq-100. Nonetheless, customers can construct their very own watchlists to be able to preserve monitor of the belongings most necessary to them.
Symbols could be added through search and arranged through a straightforward drag-and-drop technique. You can too hyperlink these watchlists along with your charts, which causes your energetic chart to replace as you scroll via the watchlist.
By constructing out a system of alerts in tandem along with your watchlist, you may keep up to date in your important positions all through the buying and selling day. TC2000 lets customers set alerts primarily based on costs hitting particular indicators or primarily based on a extra advanced, conditional methodology. Even if you happen to’re away out of your desk, you may nonetheless get notified of key alerts through electronic mail and textual content message.
TC2000 Superior Options
In our TC2000 Overview, we discover that the platform’s primary options are actually sturdy in comparison with its opponents, nevertheless 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 notably well-developed. As such, the performance must be completely ample for many merchants.
EasyScan Screener
The essential thought of a inventory screener is to filter an inventory of shares primarily based on sure knowledge factors to avoid wasting merchants priceless analysis time. TC2000 takes this concept to the following stage with its EasyScan function. The EasyScan system is by far probably the most spectacular elements of the entire platform and stands out compared to the scanning performance of opponents.
EasyScan has an amazing quantity of built-in knowledge factors, together with technical indicators, basic values, worth motion conduct, and extra. Customers can simply mix these knowledge factors conditionally through the use of and/or logic. If you should construct a extra advanced scan, you should use their “Private Standards System” (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 device is pretty spectacular.
The situation wizard underlies the advanced 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 needed for superior situations; easy ones could 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 knowledge factors. As well as, TC2000 presents what they name “flex” situations, which should happen inside a sure time period.
Workspaces
On this TC2000 assessment, 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 case you’re used to buying and selling platforms, it could really feel pure, however for newer merchants, the format could be troublesome to interpret.
With time, although, TC2000’s interface begins to make sense – which helps unlock the facility behind it. The workspaces are extremely customizable, permitting customers to tailor the interface precisely to their wants.
TC2000 consists of quite a few built-in layouts that supply distinctive visualizations of key data. As an illustration, with the Drilldown format, TC2000 robotically lists the precise inventory elements that make up a selected trade. This lets customers rapidly determine particular person alternatives inside a sector.
One other built-in interface is the 4-timeframe format, which robotically 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 includes the flexibility to regulate the varied pre-built elements to create a singular format that enhances your specific buying and selling model.
Specialised Asset Options
One downside of TC2000 is that it doesn’t help belongings like crypto, foreign exchange, or futures. However the upside of that downside is that TC2000 has labored laborious to develop targeted options for shares and choices, the belongings they do help.
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 knowledge in sure circumstances, which ensures you might have a usable chart for belongings that don’t commerce incessantly, 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?
One of the crucial necessary issues to know 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 via 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 doable to arrange a free account and use the online platform, its performance is so restricted that it’s doubtless not price pursuing typically. Potential customers will likely be significantly better off looking out via TC2000’s library of YouTube movies to get a greater really feel for the platform.
With that being stated, TC2000 does supply a 30-day money-back assure, though you should name their help quantity to request it. Plans are competitively priced for the trade, 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 costs aren’t performed. Customers must pay additional for real-time inventory, choices, and index knowledge. On prime of that, you may pay extra for a streaming information feed. Lastly, TC2000 additionally presents customers the choice to increase the potential of the software program’s alert and scanning system with some additional charges.
TC2000 presents a powerful on-line internet platform. Nonetheless, most merchants will likely 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 assessment, you’ll want to enroll in a separate brokerage account to make use of TC2000’s buying and selling options. Nonetheless, if you happen to choose to not commerce via TC2000 (maybe due to the excessive commissions), you’re not required to arrange a brokerage account to make use of the software program.
Like some other brokerage, you’ll want to provide documentation to TC2000 to open up an account, and it will probably take a couple of days to be accepted. As soon as your account is activated, you’ll must hyperlink a checking account and fund your brokerage account earlier than you can begin buying and selling.
? Study 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 during which TC2000 stands out is its pricing. Regardless that the platform presents a reasonably strong function set with superior performance, its worth is comparable with inexpensive opponents like TradingView.
| Plan | Month-to-month Price | Annual Price | Bi-Annual Price |
|---|---|---|---|
| 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 horny center floor between performance and worth. The Platinum plan will doubtless be Most worthy to customers whose methods rely upon intraday worth evaluation and buying and selling.
| Silver | Customized layouts, No EasyScan, Fundamental watchlists, No situations, No drill down, No alerts, No real-time refresh, No point-in-time filter, No brokerage low cost |
| Gold | Customized layouts, EasyScan, Superior watchlists, Situations through wizard or method, 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, Situations through wizard or method, Drill down, As much as 1000 alerts, Actual-time filter refresh and market gauges, Filter for a particular cut-off date, $300 brokerage low cost per yr |
Along with prices to 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.
| Service | Cost |
|---|---|
| Inventory Commerce | $4.95 fee |
| ETF Commerce | $4.95 fee |
| Possibility 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 prices 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 Value It?
TC2000’s software program is spectacular, particularly when you think about the worth level at which it’s provided. Whereas there are a couple of instruments lacking, most merchants will discover themselves well-served by the platform. The pricing can also 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 stated, it’s handy to have direct buying and selling inside your evaluation platform. Whether or not utilizing the TC2000 brokerage is price it is dependent upon how a lot you worth the convenience of transitioning from evaluation to execution.
On this TC2000 assessment, 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 assessment numerous charts and create primary watchlists, all of the options that make TC2000 priceless are inaccessible at this stage.
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 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 may anticipate for an evaluation platform with these options. TrendSpider, for instance, prices about $40/month for its primary stage, which comes with sturdy limitations.
? Study 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 soar 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 laborious to say whether or not or not the Platinum plan is price it since its additional worth is very depending on a person dealer’s model. In case you incessantly commerce intraday, although, it’s price contemplating.
Verdict
To wrap our TC2000 assessment up, this platform is a good possibility for buying and selling software program that includes sturdy performance at a horny worth level. Its EasyScan inventory screener, conditional logic, and customised format set it other than opponents. Furthermore, its main choices, which embrace charting, buying and selling, and alerts, are usually higher developed than these of other platforms.
With that being stated, TC2000 solely presents help for inventory and choices buying and selling. In case you’re a foreign exchange, futures, or crypto dealer, TC2000 might not be the proper platform for you. Furthermore, TC2000 doesn’t supply backtesting or technique forecasting capabilities. That’s a giant downside, particularly when so many different platforms as we speak supply these helpful instruments.
TC2000 is unquestionably a worthwhile choice to probe for U.S. inventory and choices merchants on the lookout for a rigorous evaluation platform that helps direct buying and selling execution. Whereas there’s no free trial accessible, the platform does supply a 30-day money-back assure if it’s not the proper match.
