Metastock vs TC2000 2024: Which software should you choose?

Factor 1: Compatibility and Data Sources

Metastock

Metastock is a desktop-based platform, designed for Windows operating systems. This platform is known for its compatibility with multiple data sources, allowing users to choose from a variety of third-party providers such as Refinitiv, MetaStock XENITH, and more. This flexibility makes Metastock suitable for traders who have specific data needs or preferences.

Metastock offers real-time data and is compatible with various exchanges around the world, making it a versatile platform for traders looking to diversify their portfolios across different markets. Its offline capabilities allow users to analyze historical data and develop strategies without being connected to the internet.

TC2000

TC2000, on the other hand, is available on multiple devices, including Windows, Mac, and mobile devices. This platform offers seamless integration across devices, providing users with the flexibility to access their charts and analysis tools from anywhere.

TC2000 provides real-time data through its partnership with BATS Trading, one of the largest market data providers in the US. Users can access data from US and Canadian exchanges, making it suitable for traders who focus primarily on North American markets.

Factor 2: Features and Tools

Metastock

Metastock offers a wide range of analysis tools, including customizable charts and technical indicators, to help users make informed decisions. The platform’s extensive library of over 300 technical indicators and drawing tools allows traders to tailor their analysis to their unique investment strategies.

One of Metastock’s most notable features is its Expert Advisor, which provides users with specific buy and sell signals based on their chosen technical indicators. This feature can help traders develop and test their strategies with more precision and confidence.

In addition to its analysis tools, Metastock offers a comprehensive backtesting feature called the System Tester, allowing users to test their strategies using historical data. This feature can be invaluable for traders looking to optimize their strategies and minimize risk.

TC2000

TC2000 offers a range of powerful stock screeners, enabling users to filter stocks based on various criteria such as price, volume, and technical indicators. The platform also offers customizable charts, with the ability to create and save multiple layouts for easy access.

TC2000’s EasyScan feature allows users to create custom scans, helping them identify potential investment opportunities based on their chosen criteria. The platform also offers a robust library of technical indicators, making it an excellent choice for technical traders.

Factor 3: Pricing and Value

Metastock

Metastock offers multiple pricing options, allowing users to choose the plan that best fits their needs. The platform’s subscriptions start at $59 per month for the Metastock DC (End of Day) version, which provides end-of-day data and analysis tools. For users seeking real-time data and advanced features, the Metastock RT (Real Time) version is available at $250 per month.

Metastock also offers a one-time purchase option for its software, with prices starting at $499 for the End of Day version and $1,695 for the Real Time version. This option may appeal to users who prefer a one-time payment rather than a monthly subscription.

It’s worth noting that Metastock’s pricing does not include the cost of data subscriptions from third-party providers. Users should consider their data needs and the associated costs when evaluating the platform’s overall value.

TC2000

TC2000’s pricing starts at $9.99 per month for the basic tier, which provides access to essential charting and analysis tools. However, more advanced features such as real-time data, advanced charting, and customizable stock scans are available in higher-tier plans. The Silver tier is priced at $29.99 per month, while the Gold tier, which offers the most comprehensive features, costs $89.98 per month.

Both Metastock and TC2000 offer free trial periods, allowing potential users to test their features and determine the platform’s suitability for their investment needs.

Metastock vs TC2000: Our Summary

When comparing Metastock and TC2000, both platforms have unique strengths that cater to different investment styles and needs.

Metastock is an excellent choice for traders who require a desktop-based platform with compatibility for multiple data sources. Its wide range of analysis tools, customizable charts, and technical indicators make it suitable for various investment strategies. However, users should be mindful of the additional costs associated with third-party data subscriptions when evaluating the platform’s overall value.

Click here to get started with Metastock and explore its features.

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TC2000, on the other hand, is a versatile platform available on multiple devices, with seamless integration across platforms. Its powerful stock screeners, customizable charts, and robust library of technical indicators make it an ideal choice for traders focusing on North American markets. Additionally, TC2000’s competitive pricing makes it an attractive option for investors looking for a feature-rich platform without breaking the bank.

Click here to get started with TC2000.

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