Considering that they’re both big names out there, have you ever wondered what the difference is, other than the branding, between TradingView vs TC2000?
This is a fair enough question, and honestly, we get lots of people asking whether to sign up for one instead of the other.
As it turns out, though, quite a few distinguishments exist between these two – and you need to be aware of them. For instance, even though TradingView offers high-quality browser-based charts, TC2000 provides an undisputable advantage as it’s also a brokerage platform.
Read on to find key answers to all those burning questions you feel you need to find answers to before signing up for any of these platforms.
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Founded in 2011, TradingView is a renowned charting platform that doubles up as a stock-screener. It provides you with in-depth data in different markets namely stocks, forex, index, futures, and lately cryptocurrency.
Just like TradingView, TC2000 is a premium-grade charting platform. Its main strong point is that it provides brokerage facilities meaning it’s a one-stop-shop for all things stocks trading as you can open trades directly from the charts (at a cost, of course).
Both are high-end platforms that focus on charting. They provide proprietary analysis tools. And of course, they’re designed with day traders in mind. Like other premium charting tools, these two provide you with indicators. In fact, hundreds of indicators.
We’re not huge fans of sheer quantities of indicators, but if you enjoy using them, you’ll be glad that TV and TC2000 provide you with good varieties.
The chat rooms provided by these two competitors are equally vibrant too. With social trading gathering momentum lately, it’s always healthy to work with a community-powered platform. That said, the TradingView forum could do with a bit of moderation to tame some trolls – and last we checked, the TC2000 (Worden) forum was undergoing maintenance.
To sum it up, we absolutely love the fact that these two companies have functional customer support departments. Plus, tons of online tutorials are available in case you need to do your own research.
And now it’s time to separate the men from the boys. We’ll look at the specific features that set these two competitors apart.
1. The Markets
TradingView gives you a better opportunity to try out your expertise in different markets. Their platform not only focuses on the stock markets but also on forex, futures, crypto, and indices. Generally, TV is more open-minded and receptive to new trends in the trading and investment niches.
So, if you’re open to the idea of experimenting with different markets, there’s no doubt that TradingView would be a better choice.
TC2000 is all about stocks and options – nothing more. This is not a big deal if you’ve already made up your mind that you want to pursue these two markets, though.
2. Brokerage Services
Brokerage integration, though not necessary for successful trading, can add convenience to your day trading routine. What we like about TC2000 is that it also functions as a brokerage platform (using Interactive Brokers as their clearing firm).
However, to use TC2000 as a broker, you need to fund your account with at least $2500. Additionally, for every trade opened, you'll be charged $4.95 (for options, you pay 65 cents per contract + $2.95 per trade). That's not cheap!
On the other hand, TradingView is not a brokerage firm. This means you have the freedom to choose the best brokerage services for your needs. If you want the convenience of opening trades from a single platform, TradingView currently offers direct integration with the FXCM forex broker.
One advantage of FXCM is that they allow you to start trading with a minimum deposit of $50 (compared to TC2000's minimum limit of $2500). This means that TradingView enables you to start small and build up over time. They don't charge any commissions for trading, instead earning through spreads.
Unfortunately, FXCM is only for forex and CFD trading. So, if you're looking for a stock broker, you might want to consider Robinhood, TradeStation, or TC2000's built-in brokerage services.
3. Backtesting Functionality
The benefits of paper-trading cannot be overemphasized. Sometimes, you need to test-drive your own strategy just to see how good it would perform in a real-market place using historical data.
So far, we’ve got nothing but love for the simulated trading features provided by TradingView. Once you sign up, you’re provided with $100,000 dummy cash to paper-trade with. Plus, the paper-trading charts come complete with floating “buy/sell” buttons making it super easy for you to create new orders.
Unfortunately, you won’t find this functionality if you opt for TC2000. We did a bit of digging and so far, this platform does not seem interested in adding this feature any time soon.
That said, and to be fair to them, they do provide something known as “Stock Finder”. It’s a premium feature that’s only available on request by Platinum members. It has got some basic backtesting features although they don’t seem keen on turning it into a fully-fledged tool that can compete with its rivals.
4. Access To Charts
As we stated initially both TradingView and TC2000 are charting tools. The difference, however, is that with TradingView you can access the charts freely and use them without having to sign-in. That said, you’ll be bombarded with adverts and pop-ups every so often until you sign-up as a paid user – that sucks a little.
The TC2000 charts are only accessible when you’re logged in and are a paid subscriber. You won’t need to worry about adverts or pop-ups either.
5. Chart Historical Data
Whether you're analyzing current market metrics or trying to predict what might happen in the near future, historical data can provide valuable insights into trends over time.
TradingView currently stores 5 years worth of chart data, which is a substantial amount of data. However, TC2000 provides even more data through their v7 update, with daily data going back to 1984. Note that you need to have access to at least the TC2000 Gold or Platinum plan to take advantage of the v7 features.
6. Mobile Accessibility
If you’re really serious about stock trading, then it’s important to always have crucial market information at your fingertips. Yes, nothing else can do this better than a mobile app.
Talking about apps, the TradingView is quite popular on both Apple and Google stores. In fact, at the time of publishing this write-up, it had millions of downloads.
Its competitor, the TC2000 app seems to be struggling. It has no reviews on the Apple store and barely 100K downloads on Google play store. What’s more, while the TradingView app enjoys a high rating of 4.5 stars on Google play store, the TC2000 gets a low aggregate rating of 3.1 stars.
7. Level II Data
Want to access the NASDAQ order book in real-time? Then you need to sign-up for that service and this typically means digging deeper into your pockets.
Fortunately, users signed up under TradingView don’t have to worry about that as Level II data is provided freely within the platform.
TC2000 doesn’t provide any access to this kind of data. It’s a big fail on their part although, again, not everyone needs this kind of data to transact business successfully.
If anything, most of the tools already provided by TC2000 provide you with pretty much all the functions you need to make solid decisions. And in case you need access to the US stock/options/index data in real-time, you can do so by paying an extra fee.
For unlimited access to real-time market data, we think TradingView is the better platform.
8. Personal Journal
No doubt, a journal is an important tool for every trader. A good trading diary provides you with insights about your past trading habits and can help you realize your past mistakes so you can avoid them in future.
The TC2000 trading journal is one of the best ones we’ve come across so far. And the best part is that it’s provided free of charge once you sign up.
Unfortunately, you won’t get this feature if you opt for TradingView.
This battle has been bitterly fought with both rivals delivering significant blows to each other. But now it’s time to find out how much you actually need to pay to access them.
The most you’ll need to pay to access TradingView is $60. In case you opt for TC2000, you’ll need to part with $90 for the platinum features. And that’s not including the fact that you’ll still need to part with extra coins to access real-time data, live briefs and some alerts.
Simply put, TC2000 is pricier than TradingView.
Both platforms are well-made and worthy of praise. TradingView comes out as the beginner-friendly and cheaper one while TC2000 stands out as a highly advanced platform for seasoned traders.
So, depending on your needs, style of trading and budget, it’s our hope that you now know which one would work best for you.
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