Merchants know the way vital it’s to seek out the suitable evaluation platform. TC2000 is one highly effective possibility for technical merchants, providing robust charting, buying and selling, and screening performance. This TC2000 assessment ought to allow you to assess whether or not it’s the suitable instrument for you.
Execs
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 Evaluation reveals that the platform’s primary characteristic set is kind of spectacular. The platform excels at charting and evaluation but additionally consists of full buying and selling capabilities that permit customers to execute trades straight throughout the program. Whereas these options are widespread 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 sort of superior candlestick chart that some merchants choose.
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 which you can plot indicators of indicators, which could be useful for extra complicated methods.
One disadvantage to notice is that the platform doesn’t appear to supply a number of the computerized charting capabilities obtainable from rivals like TrendSpider.
📊 Study 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 scripting this TC2000 assessment 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 a fantastic bonus that provides merchants extra pace and suppleness. Since buying and selling is actually built-in, customers can place trades straight from charts or add a number of stop-losses primarily based on totally different indicator standards.
Even higher, TC2000 presents a strong paper buying and selling system. That system allows 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. 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.
📈 Study 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 primarily based 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 monitor of the property most vital to them.
Symbols could be added through search and arranged through a simple drag-and-drop technique. You too can hyperlink these watchlists along with your charts, which causes your lively chart to replace as you scroll by the watchlist.
By constructing out a system of alerts in tandem along with your watchlist, you’ll be able to keep up to date in your essential 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 complicated, conditional methodology. Even for those who’re away out of your desk, you’ll be able to nonetheless get notified of key alerts through e mail and textual content message.
TC2000 Superior Options
In our TC2000 Evaluation, we discover that the platform’s primary options are definitely robust in comparison with its rivals, nevertheless it’s the platform’s superior options that set it aside.
Sure instruments that skilled merchants may have are lacking, together with backtesting and technique forecasting. Nonetheless, the options that TC2000 does supply are notably well-developed. As such, the performance ought to be completely ample for many merchants.
EasyScan Screener
The fundamental 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 subsequent stage with its EasyScan characteristic. The EasyScan system is by far one of the crucial spectacular components 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, basic values, value motion conduct, and extra. Customers can simply mix these knowledge factors conditionally by utilizing and/or logic. If you should construct a extra complicated scan, you need to 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 instrument 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 just obligatory for superior situations; easy ones could 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” situations, which should happen inside a sure time period.
Workspaces
On this TC2000 assessment, we take a more in-depth take a look at the platform’s person interface. At first look, it may not be the simplest to decipher. For those who’re used to buying and selling platforms, it might really feel pure, however for newer merchants, the structure could 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 consists of quite a lot of built-in layouts that supply distinctive visualizations of key data. As an example, with the Drilldown structure, TC2000 mechanically lists the particular inventory elements that make up a specific trade. This lets customers rapidly establish particular person alternatives inside a sector.
One other built-in interface is the 4-timeframe structure, which mechanically pulls up 15-minute, every day, weekly, and month-to-month charts for the chosen asset. However the true energy in TC2000’s workspaces entails the power to regulate the assorted pre-built elements to create a singular structure that enhances your specific buying and selling fashion.
Specialised Asset Options
One disadvantage of TC2000 is that it doesn’t help 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 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 allows you to plot bid-ask knowledge in sure circumstances, which ensures you will have a usable chart for property that don’t commerce continuously, like sure low-volume choices.
TC2000 additionally permits customers to implement difficult, multi-leg choices methods in only one click on. This makes it simpler to execute the trades you need and reduces the probability 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 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 the platform.
Software program Account
If you wish to rise up and operating 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 online platform, its performance is so restricted that it’s possible not price pursuing generally. Potential customers shall be significantly better off looking out by 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 you should name their help 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’ll be able to pay extra for a streaming information feed. Lastly, TC2000 additionally presents customers the choice to broaden the potential of the software program’s alert and scanning system with some further charges.
TC2000 presents a powerful on-line net platform. Nonetheless, most merchants shall be higher served by downloading the desktop software program, which is out there 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, for those who decide to not commerce by 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 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 number of the 5 finest on-line brokers for inventory buying and selling in 2023 to raise your funding technique.
Plans and Pricing
One space through which TC2000 stands out is its pricing. Regardless that the platform presents a reasonably sturdy characteristic set with superior performance, its value is comparable with reasonably priced rivals 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 |
Total, the Silver plan presents little to merchants. The Gold plan, although, offers customers with a lovely center floor between performance and value. The Platinum plan will possible be most precious to customers whose methods rely upon intraday value 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 formulation, 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 formulation, Drill down, As much as 1000 alerts, Actual-time filter refresh and market gauges, Filter for a particular time limit, $300 brokerage low cost per yr |
Along with fees in your chosen plan, you’ll additionally must know the brokerage charges that TC2000 fees to commerce on the platform. Because it stands, TC2000 fees 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 fees for utilizing their software program, the comparatively excessive brokerage charges might come as a shock. Partially, that’s possible 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 also be aggressive; customers would want to pay a a lot greater value 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 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 varied charts and create primary watchlists, all of the options that make TC2000 priceless are inaccessible at this stage.
At this value level, merchants are possible 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’ll be able to entry nearly each characteristic that makes TC2000 particular, together with EasyScan, customized indicators, and superior watchlists.
At $29.99, the month-to-month value is decrease than one would possibly anticipate for an evaluation platform with these options. TrendSpider, for instance, fees about $40/month for its primary stage, which comes with robust limitations.
📚 Study 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 soar in value, however that’s as a result of it caters largely 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 property. Finally, 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 fashion. For those who continuously 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 robust performance at a lovely value level. Its EasyScan inventory screener, conditional logic, and customised structure set it other than rivals. Furthermore, its main choices, which embody charting, buying and selling, and alerts, are sometimes higher developed than these of other platforms.
With that being mentioned, TC2000 solely presents help for inventory and choices buying and selling. For those who’re a foreign exchange, futures, or crypto dealer, TC2000 might not be the suitable platform for you. Furthermore, TC2000 doesn’t supply backtesting or technique forecasting capabilities. That’s a giant disadvantage, particularly when so many different platforms at present supply these helpful instruments.
TC2000 is unquestionably 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 suitable match.