Voted as the “favorite standalone analytical software for $500 and less” by the Technical Analysis of Stock & Commodities magazine readers in 2019, it’s fair to say that TC2000 has a reputation to live up to.
While there is a TC2000 brokerage available, that’s not what we’ll be covering in this TC2000 review. Instead, we’ll be covering the TC2000 technical analysis tools platform!
Accessible from the desktop platform, a web browser, or the mobile application, this service claims to provide users with the real-time data and technical indicators they need to start trading stocks successfully.
That sounds great in theory, but how well do the TC2000 charts work for real-life trading? Let’s take a closer look at the platform and find out!
TC2000 is best for…
The active stock trader who needs instant access to the latest and most accurate stock charts. TC2000 supports a variety of trading platforms, although your experience will likely be best if you’re using the TC2000 brokerage.
Like many other charting platforms, TC200 supports over one hundred indicator values, custom scans, customizable layouts, and prebuilt layouts. It’s designed with ease of use in mind; for example, you have the ability to look up a stock simply by typing in the appropriate industry index symbols (no clicks required!).
This analytical software also offers fundamental scanning and simulated trading alongside its various fundamental analysis tools. To top it all off, it even offers stock traders competitive pricing when compared to alternative charting platforms!
Prices and Plans
As one might expect from a tenured platform, TC2000 has a lot of different features to offer traders. Each plan offers increasingly advanced features, so let’s compare the different plans to see which one(s) would be able to meet your individual trading needs.
TC2000 offers a barebones version of the software for free, but you’ll need to head over to FreeStockCharts.com to find it. Although you are able to use some basic functions this way, most essential features are hidden behind a paywall.
Costing only $9.99 per month, the Silver plan unlocks a few basic features. You’ll be able to set up a customized layout of charts. You’ll also have access to notes, be able to set watchlists, and make trades through the account with this basic plan.
The Gold plan costs $29.99 per month, but we think the price increase is justifiable. For an additional $20 per month, you get access to EasyScan, which is the standout feature of TC2000.
This proprietary option & stock scanner allows you to instantly search through the stock markets for assets that match your specified parameters and indicator values. You can either use pre-set scans or set your own personal criteria formulas.
In addition to EasyScan, Gold members also gain access to chart drawing tools, formula writing, sortable watchlists, multi-monitor workspace layouts, graphing tools, and pre/post market mode. This plan even enables subscribers to track up to 100 alerts simultaneously.
If you decide to grab a Platinum membership, be prepared for the giant price increase: this membership costs $89.98 per month! For that price, you instantly gain access to all of the advanced features TC2000 has to offer.
Platinum members are able to track up to 1,000 alerts at the same time, and refreshes on scans & sorts are performed automatically. These users are also able to create market timing indicators using scan plots.
However, the big draw of the Platinum membership is access to historical data. Platinum members can scan historical data, and this data can also be used for historical condition testing.
These features allow traders to analyze data—such as average volumes or trend lines—from nearly any time frame, which can be useful when creating custom reports for future reference.
TC2000 certainly isn’t unique when it comes to stock analysis services, but it does have some areas where it easily outperforms the competition. However—like any other platform—it does have a few shortcomings. Here are the key takeaways you should remember from this TC2000 review.
- Offers charting, trading simulation, & fundamental stock screeners on one platform
- Excellent customer service and support (including training seminars for subscribers)
- Offers monthly, annual, and bi-annual billing options
- Easy broker integration process
- Accessible via Windows, Mac, iOS, and Android devices
- Browser-based version available for non-supported operating systems
- It doesn’t offer any backtesting abilities
- The platform lacks forecasting features found on similar platforms
Is TC2000 Right for You?
Day and options traders can definitely take advantage of the advanced features offered by TC2000. The service is especially useful if you already use the TC2000 brokerage, as the services can be used concurrently for maximum efficiency.
While the platform is lacking some modern features—such as artificial intelligence or automated trading—often found on alternative platforms, we don’t necessarily think that these factors should dissuade you from choosing TC2000 as your tool of choice.
We’d recommend avoiding the “Silver” version of this premium stock market analysis software. Instead, opt for the Gold plan! This plan should be suitable for the average investor, but we recommend the Platinum plan for high-volume day traders (due to the inclusion of automatic refreshes).
If you’re ready to take your options and stock trading to the next level using one of the most reputable analysis and stock scanner tools around, click here to learn more (and take advantage of discounted pricing options!).