Merchants know the way vital it’s to search out the suitable 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 assist you to assess whether or not it’s the suitable device for you.
Conditional alerts & indicators
Specialised choices buying and selling & evaluation
Solely U.S. inventory & possibility protection
No backtesting or forecasting
What Does TC2000 Supply?
Our TC2000 Overview reveals that the platform’s primary function set is kind of spectacular. The platform excels at charting and evaluation but in addition consists of full buying and selling capabilities that enable customers to execute trades instantly throughout the program. Whereas these options are widespread to many competing platforms, TC2000’s choices are typically a bit extra refined than others.
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 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 may be useful for extra complicated methods.
One downside to notice is that the platform doesn’t appear to supply a few of the computerized charting capabilities out there from opponents like TrendSpider.
📊 Be taught extra: Discover the greatest inventory charting software program of 2023 with our thorough opinions and complete comparisons.
Buying and selling
A standout function we observed when penning this TC2000 assessment is the platform’s direct commerce execution. And in contrast to opponents, 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 a terrific bonus that provides merchants extra velocity and suppleness. Since buying and selling is actually 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 gives a sturdy paper buying and selling system. That system allows 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. Meaning 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 prime paper buying and selling platforms of 2023 to sharpen your buying and selling abilities with out monetary threat.
Watchlists & Alerts
TC2000 gives sturdy watchlist performance, which may simply be paired with their alerts system. At their most elementary, these watchlists are pre-built primarily based on common indices just like the S&P 500 or Nasdaq-100. Nonetheless, customers can construct their very own watchlists in an effort to hold observe of the belongings most vital to them.
Symbols may be added by way of search and arranged by way of a straightforward drag-and-drop methodology. It’s also possible to hyperlink these watchlists along with your charts, which causes your lively chart to replace as you scroll via the watchlist.
By constructing out a system of alerts in tandem along with your watchlist, you possibly can 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 if you happen to’re away out of your desk, you possibly can nonetheless get notified of key alerts by way of e mail and textual content message.
TC2000 Superior Options
In our TC2000 Overview, we discover that the platform’s primary options are definitely sturdy in comparison with its opponents, but it surely’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 significantly well-developed. As such, the performance ought to be completely ample for many merchants.
The fundamental concept of a inventory screener is to filter a listing of shares primarily based on sure knowledge factors to avoid wasting merchants helpful analysis time. TC2000 takes this concept to the following stage with its EasyScan function. The EasyScan system is by far one of the spectacular components 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, elementary values, worth motion habits, and extra. Customers can simply mix these knowledge factors conditionally by utilizing and/or logic. If you could construct a extra complicated scan, you should use their “Private Standards Formulation” (PCF) scripting language to take action.
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 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 barely vital for superior circumstances; easy ones may 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 gives what they name “flex” circumstances, which should happen inside a sure time frame.
On this TC2000 assessment, we take a better take a look at the platform’s person interface. At first look, it won’t be the best to decipher. If you happen to’re used to buying and selling platforms, it might really feel pure, however for newer merchants, the structure may be tough 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 various built-in layouts that provide distinctive visualizations of key data. As an illustration, with the Drilldown structure, TC2000 routinely lists the precise inventory parts that make up a selected business. This lets customers rapidly determine particular person alternatives inside a sector.
One other built-in interface is the 4-timeframe structure, which routinely pulls up 15-minute, every day, weekly, and month-to-month charts for the chosen asset. However the actual energy in TC2000’s workspaces includes the power to regulate the varied pre-built parts to create a singular structure that enhances your specific buying and selling fashion.
Specialised Asset Options
One downside of TC2000 is that it doesn’t assist belongings like crypto, foreign exchange, or futures. However the upside of that downside is that TC2000 has labored onerous to develop centered options for shares and choices, the belongings 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 allows you to plot bid-ask knowledge in sure instances, which ensures you could have a usable chart for belongings that don’t commerce ceaselessly, 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 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 vital issues to grasp when getting began with TC2000 is that the platform gives two separate kinds 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 operating with TC2000’s software program, you’ll have to 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 probably not price pursuing most often. Potential customers can 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 mentioned, TC2000 does supply a 30-day money-back assure, though you could name their assist quantity to request it. Plans are competitively priced for the business, 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 costs aren’t finished. Customers have to pay further for real-time inventory, choices, and index knowledge. On prime of that, you possibly can pay extra for a streaming information feed. Lastly, TC2000 additionally gives customers the choice to increase the aptitude of the software program’s alert and scanning system with some further charges.
TC2000 gives a powerful on-line internet platform. Nonetheless, most merchants can be higher served by downloading the desktop software program, which is offered for both Mac or Home windows. TC2000 additionally gives a cell app, though the performance is considerably restricted.
As we talked about on this TC2000 assessment, 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 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 might take a number of 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 greatest 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. Despite the fact that the platform gives a reasonably strong function set with superior performance, its worth is comparable with reasonably priced opponents like TradingView.
Total, the Silver plan gives little to merchants. The Gold plan, although, supplies customers with a beautiful center floor between performance and worth. The Platinum plan will probably be most useful to customers whose methods depend upon intraday worth evaluation and buying and selling.
|Customized layouts, No EasyScan, Primary watchlists, No circumstances, No drill down, No alerts, No real-time refresh, No point-in-time filter, No brokerage low cost
|Customized layouts, EasyScan, Superior watchlists, Situations by way of wizard or method, Drill down, As much as 100 alerts, No real-time refresh, No point-in-time filter, No brokerage low cost
|Customized layouts, EasyScan, Superior watchlists, Situations by way of wizard or method, Drill down, As much as 1000 alerts, Actual-time filter refresh and market gauges, Filter for a selected cut-off date, $300 brokerage low cost per 12 months
Along with costs to your chosen plan, you’ll additionally have to know the brokerage charges that TC2000 costs to commerce on the platform. Because it stands, TC2000 costs excessive commissions. As well as, they seem to cost a 1% unfold over the usual Interactive Brokers margin charges.
|$0.65 per contract plus $2.95 per commerce fee
|Margin, Acct Worth $0 – $100k
|Margin, Acct Worth $100k – $1 million
|Margin, Acct Worth $1 million – $50 million
|Margin, Acct Worth $50 million – $200 million
|Margin, Acct Worth $200 million+
When in comparison with what TC2000 costs for utilizing their software program, the comparatively excessive brokerage charges could come as a shock. Partially, that’s probably 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 a number 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 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 will depend on 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.
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 helpful are inaccessible at this stage.
At this worth level, merchants are probably higher served by a platform like TradingView. Total, the TC2000 Silver plan is unlikely to be price it for many merchants.
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 may anticipate for an evaluation platform with these options. TrendSpider, for instance, costs about $40/month for its primary stage, which comes with sturdy limitations.
📚 Be taught extra: Get an in-depth comparability of TrendSpider vs TradingView with our detailed 2023 function evaluation.
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 number of enhancements on the Gold plan, together with real-time indicators for markets and belongings. In the end, it’s onerous 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. If you happen to ceaselessly commerce intraday, although, it’s price contemplating.
To wrap our TC2000 assessment up, this platform is a superb possibility for buying and selling software program that includes sturdy performance at a beautiful worth level. Its EasyScan inventory screener, conditional logic, and customised structure set it other than opponents. Furthermore, its major choices, which embrace charting, buying and selling, and alerts, are usually higher developed than these of different platforms.
With that being mentioned, TC2000 solely gives assist for inventory and choices buying and selling. If you happen to’re a foreign exchange, futures, or crypto dealer, TC2000 is probably not the suitable platform for you. Furthermore, TC2000 doesn’t supply backtesting or technique forecasting capabilities. That’s a giant downside, particularly when so many different platforms at present 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 out there, the platform does supply a 30-day money-back assure if it’s not the suitable match.