TC2000 Review: A Closer Look

Merchants understand how necessary it’s to search out the correct 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 assist you to assess whether or not it’s the correct instrument for you.

What Does TC2000 Provide?

Our TC2000 Assessment reveals that the platform’s primary 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 immediately 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 fundamental 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 kind of superior candlestick chart that some merchants favor.

To assist merchants derive significant data from charts, TC2000 permits customers to attract trendlines immediately 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 might be useful for extra advanced methods.

One downside to notice is that the platform doesn’t appear to supply a number of the automated charting capabilities out there from rivals 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 scripting 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 incredible bonus that provides merchants extra pace and suppleness. Since buying and selling is actually built-in, customers can place trades immediately 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 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’ 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 threat.

Watchlists & Alerts

TC2000 presents robust watchlist performance, which may simply be paired with their alerts system. At their most elementary, these watchlists are pre-built primarily based on standard indices just like the S&P 500 or Nasdaq-100. Nevertheless, customers can construct their very own watchlists in an effort to hold observe of the belongings most necessary to them.

Symbols might be added by way of search and arranged by way of a straightforward drag-and-drop technique. You may as well hyperlink these watchlists together 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 together 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 advanced, conditional methodology. Even when you’re away out of your desk, you’ll be able to nonetheless get notified of key alerts by way of e mail and textual content message.

TC2000 Superior Options

In our TC2000 Assessment, 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 might have are lacking, together with backtesting and technique forecasting. Nevertheless, 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 essential concept of a inventory screener is to filter a listing of shares primarily based on sure knowledge factors to avoid wasting merchants precious analysis time. TC2000 takes this concept to the following degree 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 rivals.

EasyScan has an incredible 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 by utilizing and/or logic. If it is advisable to construct a extra advanced scan, you should utilize their “Private Standards Method” (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 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 obligatory for superior situations; 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 knowledge factors. As well as, TC2000 presents what they name “flex” situations, which should happen inside a sure time frame.

Workspaces

On this TC2000 evaluate, we take a more in-depth have a look at the platform’s consumer interface. At first look, it won’t be the simplest to decipher. If you happen to’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 facility behind it. The workspaces are extremely customizable, permitting customers to tailor the interface precisely to their wants.

TC2000 contains numerous built-in layouts that provide distinctive visualizations of key data. For example, with the Drilldown structure, TC2000 routinely lists the particular inventory parts that make up a selected trade. This lets customers shortly determine particular person alternatives inside a sector.

One other built-in interface is the 4-timeframe structure, which routinely 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 assorted pre-built parts to create a novel structure that enhances your explicit buying and selling type.

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 targeted 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 helps you to plot bid-ask knowledge in sure instances, which ensures you may have a usable chart for belongings that don’t commerce often, 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 probability 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?

Some of the necessary issues to know when getting began with TC2000 is that the platform presents 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 rise 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 net platform, its performance is so restricted that it’s possible not value pursuing most often. Potential customers shall be a lot better off looking 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 it is advisable to 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 costs aren’t executed. Customers have to pay additional 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 increase the potential of the software program’s alert and scanning system with some additional charges.

TC2000 presents a robust on-line internet platform. Nevertheless, most merchants shall be higher served by downloading the desktop software program, which is accessible 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. Nevertheless, when you decide 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.

? Study 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 wherein TC2000 stands out is its pricing. Although the platform presents a reasonably strong function set with superior performance, its worth is comparable with reasonably priced rivals like TradingView.

General, 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 possible be Most worthy to customers whose methods rely on intraday worth evaluation and buying and selling.

Along with expenses to 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.

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 possible 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 value level at which it’s supplied. 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 wish to pay a a lot greater worth to get the identical instruments elsewhere.

Nevertheless, 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 value it is dependent upon how a lot you worth the convenience of transitioning from evaluation to execution.

On this TC2000 evaluate, we are going to break down whether or not the software program is value it, one providing at a time.

Silver Plan

The Silver plan is cheap however doesn’t include a lot performance. Whereas customers can evaluate numerous charts and create primary watchlists, all of the options that make TC2000 precious are inaccessible at this degree.

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

Gold Plan

With the Gold plan, you’ll be able to 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 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.

? 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 leap in worth, however that’s as a result of it caters largely to high-frequency and intraday merchants. When seconds matter, merchants are keen 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. Finally, it’s onerous to say whether or not or not the Platinum plan is value it since its additional worth is extremely depending on a person dealer’s type. If you happen to often commerce intraday, although, it’s value contemplating.

Verdict

To wrap our TC2000 evaluate 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 other platforms.

With that being stated, TC2000 solely presents assist for inventory and choices buying and selling. If you happen to’re a foreign exchange, futures, or crypto dealer, TC2000 might not be the correct 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 unquestionably a worthwhile choice to probe for U.S. inventory and choices merchants searching for 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 correct match.