Motivewave vs TradingView 2024: Which trading software is better?

Jeremy Biberdorf
By: Jeremy Biberdorf
 

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In the fast-paced world of trading, having the right tools at your disposal is crucial for success. Among the myriad of charting platforms available to traders today, MotiveWave and TradingView stand out as two of the most powerful and popular options.

Both platforms have amassed a dedicated following, and for good reason – they each offer a unique blend of features and functionalities that cater to different trading styles and preferences. But when it comes to choosing between these two titans, how do you know which one is right for you?

For more detailed analysis of each product check out our full reviews:

MotiveWave is Better for:TradingView is Better for:
Advanced Technical AnalysisUser-Friendly Interface
Customizable ChartingSocial Trading and Idea Sharing
In-Depth Cryptocurrency AnalysisMultiple Broker Integrations

In this article, we will provide an in-depth comparison of MotiveWave and TradingView, examining their key features, pricing structures, and user experience. From technical analysis capabilities to social networking integrations, we will dissect the strengths and weaknesses of both platforms to help you make an informed decision about which trading tool best suits your needs.

Motivewave  TradingView
Service Type Trading platform with advanced charting, technical analysis, and order execution Trading platform with advanced charting, technical analysis, and social trading
Fees Varies based on subscription level, starting at $99.95/month or $1,199.50/year Free and Premium ($14.95 - $59.95/month or $155.40 - $599.40/year)
Customer Support Email and phone support for all members Email support for all members, phone support for Premium members
Best Use Traders who need a comprehensive trading platform with advanced tools for all markets Traders who want to share trading ideas and learn from a community of traders
Modest Money Review Motivewave Review TradingView Review
Current Promotion

More Info

More Info

Receive $15 welcome bonus
Modest Money Overall Rating
4.5 rating based on 5 ratings
4.5 rating based on 5 ratings
Motivewave
Service Type Trading platform with advanced charting, technical analysis, and order execution
Fees Varies based on subscription level, starting at $99.95/month or $1,199.50/year
Customer Support Email and phone support for all members
Best Use Traders who need a comprehensive trading platform with advanced tools for all markets
Modest Money Review Motivewave Review
Current Promotion

More Info

Modest Money Overall Rating
4.5 rating based on 5 ratings
 TradingView
Service Type Trading platform with advanced charting, technical analysis, and social trading
Fees Free and Premium ($14.95 - $59.95/month or $155.40 - $599.40/year)
Customer Support Email support for all members, phone support for Premium members
Best Use Traders who want to share trading ideas and learn from a community of traders
Modest Money Review TradingView Review
Current Promotion

More Info

Receive $15 welcome bonus
Modest Money Overall Rating
4.5 rating based on 5 ratings

Factor 1: Ease of Use

Motivewave Offers a Comprehensive Desktop Experience

  • Motivewave has a desktop application, customizable workspaces and chart layouts
  • TradingView Offers a User-Friendly Web-Based Platform
  • TradingView is web-based and accessible from any device

Motivewave

Motivewave is a powerful technical analysis platform available as a desktop application for Windows and macOS. It offers customizable workspaces and chart layouts, allowing users to tailor their trading environment to their specific needs. While Motivewave provides a comprehensive experience, it may have a steeper learning curve for beginners. However, once users familiarize themselves with the platform, they can take full advantage of its features and functionalities.

TradingView

TradingView is a web-based platform, making it accessible from any device with an internet connection. Its intuitive interface and easy-to-use tools make it an ideal choice for both beginners and advanced traders. Users can quickly create charts, apply technical indicators, and draw trend lines. TradingView also offers a social community where users can share ideas, strategies, and learn from others, making it a highly interactive and engaging platform.

Factor 2: Available Features

Motivewave Boasts Advanced Analysis Tools

  • Motivewave: Extensive list of technical indicators and drawing tools
  • TradingView: Combines Charting and Social Networking
  • TradingView: Pine Script for custom indicators and strategies

Motivewave

Motivewave offers an extensive list of technical indicators, drawing tools, and advanced analysis features such as Elliott Wave and Gartley Pattern analysis. Additionally, Motivewave provides backtesting and strategy development capabilities, allowing users to test their trading strategies using historical data. These advanced features make Motivewave a powerful platform for experienced traders who require sophisticated analysis tools.

TradingView

TradingView combines charting tools with a social networking aspect, creating an engaging platform for traders and investors. It offers thousands of technical indicators, drawing tools, and a scripting language called Pine Script, which allows users to create custom indicators and strategies. The platform also supports multiple chart types, including candlestick, bar, and line charts. TradingView’s social community allows users to share and discuss ideas, learn from other traders, and collaborate on strategies.

Factor 3: Pricing

Motivewave Offers Multiple Pricing Tiers

  • Motivewave: Four different editions with varying features
  • TradingView: Free plan allows 3 chart indicators
  • TradingView: Pro, Pro+, and Premium Plan offered from $14.95 to $59.95 per month

Motivewave

Motivewave offers four different editions with varying features: Basic, Advanced, Professional, and Ultimate. Prices range from $245 for the Basic edition to $1,595 for the Ultimate edition, which includes all available features. These are one-time purchases, and users can also opt for optional annual maintenance plans. Motivewave provides a free 14-day trial for users to test the platform before committing to a purchase.

TradingView

TradingView provides a flexible pricing structure to accommodate different users’ needs. The platform offers a free plan with limited features, which is suitable for casual users or those just starting in trading. For more advanced features and tools, TradingView offers three paid subscription plans: Pro, Pro+, and Premium. Prices range from $14.95 per month for the Pro plan to $59.95 per month for the Premium plan. Discounts are available for users who opt for annual subscriptions, making the platform more cost-effective.

Motivewave vs TradingView: Our Summary

Both Motivewave and TradingView are powerful technical analysis platforms, each catering to different user needs and preferences. Motivewave is a comprehensive desktop application with advanced analysis tools, making it suitable for experienced traders who require sophisticated features. On the other hand, TradingView is a user-friendly, web-based platform that combines charting tools with a social community, making it ideal for beginners and advanced traders who value collaboration and idea sharing.

Click here to check out TradingView.

Learn More About TradingView

In terms of pricing, Motivewave offers a one-time purchase with multiple pricing tiers, while TradingView provides a more flexible subscription model with monthly and annual options. Ultimately, the choice between Motivewave and TradingView will depend on individual preferences, trading experience, and specific requirements. It is advisable to take advantage of the free trials offered by both platforms to determine which one best suits your needs.

Click here to check out Motivewave.

Learn More About Motivewave