Bookmap Review 2023

Jeremy Biberdorf By: Jeremy Biberdorf Jan 10, 2023
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Bookmap Logo

4.6/5

4.6 rating based on 5 ratings

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In a nutshell: Bookmap is a trading platform designed specifically for day traders. It offers real-time market data visualization, including volume dots and price levels, to help traders better understand market liquidity and trends. In addition, Bookmap offers one-click trading and the ability to view the full depth of the limit order book, allowing traders to quickly spot and act on trading opportunities.

But Bookmap is more than just a tool for executing trades. It also helps traders make informed trading decisions by providing a range of market data from multiple providers, as well as tools for analyzing price action and identifying hidden price patterns.

Overall, Bookmap is a comprehensive trading platform that can be a valuable resource for anyone looking to succeed in the stock market.

PricingFavorite Feature
$0 - $79/moVolume dots and price levels
Pros & Cons
Pros
  • Real-time market data
  • Comprehensive market data visualization
  • One-click trading
  • Range of market data providers
Cons
  • Cost
  • Complexity
  • Limited platform compatibility

Compare to Other Investment Platforms

Bookmap
4.6 rating based on 5 ratings
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4.5 rating based on 5 ratings
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Public Logo
4.5 rating based on 5 ratings
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Fees$0-$10 per month

Bookmap History

Bookmap was founded by a team of experienced traders and software developers who saw an opportunity to create a better trading platform. They wanted to create a tool that would help traders make more informed decisions and execute trades more efficiently, and they saw the potential for using real-time market data visualization to achieve this goal.

After several years of development and testing, Bookmap was launched, and it has since become a popular choice for day traders around the world.

Pricing

Bookmap offers four different pricing plans to suit the needs and budget of different traders. The plans available include:

Digital: The most basic plan, offered for free. It includes access to delayed market data, volume dots, and price levels.

Digital Plus: For $16/mo, this plan includes everything in the Digital plan, plus access to additional market data providers and the ability to customize the interface.

Global: For $39/mo, this plan includes everything in the Digital Plus plan, as well as access to market replay and additional market data sources.

Global Plus: For $79/mo, this is the most comprehensive plan offered by Bookmap. It includes everything in the Global plan, plus access to advanced market data analysis tools and personalized training sessions.

Bookmap Features

Bookmap offers a range of features that can be useful for traders of all levels. Some of the most notable features include:

  • Real-time market data: As mentioned, Bookmap provides up-to-the-second market data, so traders can stay on top of the latest price movements and trading activity.
  • Volume dots and price levels: Bookmap’s unique visualization tools allow traders to see the full picture of market liquidity and trends. This can help traders identify hidden price patterns and make more informed trading decisions.
  • One-click trading: Bookmap’s one-click trading feature makes it easy for traders to execute trades quickly and efficiently.
  • Range of market data providers: Bookmap offers data from multiple market data providers, giving traders a more comprehensive view of the market.
  • Depth of market: Bookmap’s depth of market feature allows traders to see the full limit order book, giving them a better understanding of market liquidity and helping them spot trading opportunities.
  • Customizable interface: Bookmap’s interface can be customized to suit the needs and preferences of individual traders. This includes the ability to choose between different color schemes, add or remove certain data points, and more.

Pros

There are many reasons why traders might choose Bookmap as their go-to platform. Some of the most compelling advantages of Bookmap include:

  • Real-time market data: Bookmap provides up-to-the-second market data, so traders can stay on top of the latest price movements and trading activity. This is especially useful for day traders, who need to make quick decisions based on constantly changing market conditions.
  • Comprehensive market data visualization: Bookmap’s unique volume dots and price levels display allows traders to see the full picture of market liquidity and trends. This can help traders identify hidden price patterns and make more informed trading decisions.
  • One-click trading: Bookmap’s one-click trading feature makes it easy for traders to execute trades quickly and efficiently. This can be especially useful in fast-moving markets where every second counts.
  • Range of market data providers: Bookmap offers data from multiple market data providers, giving traders a more comprehensive view of the market. This can help traders make better-informed trading decisions and spot trading opportunities that might otherwise be missed.

Cons

Of course, no trading platform is perfect, and Bookmap is no exception. Some potential drawbacks to consider include:

  • Cost: Bookmap is not the cheapest trading platform on the market. While it does offer a basic Digital plan for free, more advanced plans such as Digital Plus (for $16/mo), Global (for $39/mo), and Global Plus (for $79/mo) can be quite expensive for some traders.
  • Complexity: Some traders may find the volume dots and other visualization tools offered by Bookmap to be a bit overwhelming, especially for those new to trading. It may take some time to fully understand and utilize all of the features offered by the platform.
  • Limited platform compatibility: Currently, Bookmap is only available as a desktop application, and is not compatible with mobile devices or web browsers. This can be inconvenient for traders who prefer to trade on-the-go or from multiple devices.

Bookmap review wrap-up

So, is Bookmap worth the investment? Ultimately, this will depend on your individual needs and trading goals. If you’re a day trader looking for a comprehensive platform that offers real-time market data, volume dots and price levels, and one-click trading, then Bookmap might be worth considering.

If you’re still unsure after reading this Bookmap review, consider trying out the free Digital plan to get a feel for the platform before committing to a paid subscription. And remember, no trading platform can guarantee success in the stock market, so it’s important to do your own research and make informed decisions based on your own risk tolerance and financial goals.

If you’re ready to give Bookmap a try,

sign up for the basic Digital plan for free or upgrade to one of the paid plans to unlock additional features and market data providers. Whatever plan you choose, Bookmap can be a valuable tool in your trading arsenal, helping you to make more informed decisions and spot trading opportunities in real-time.

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Jeremy Biberdorf

About the Author:

Jeremy Biberdorf is the founder of Modest Money. After working many years in the website marketing industry, he decided to take on blogging full time and also get his finances headed in the right direction. Also check out his contributions to Equities.com and Benzinga.