Screening the stock market for stocks to buy based on your criteria is a tough job, but someone has to do it. Fortunately for investors, there are plenty of tools out there to help them navigate the rough waters of the stock market.
TrendSpider and TC2000 are two popular tools that investors can use as stock screeners. Both can be used to find potential investments that meet specific criteria.
Both tools offer different features, so they're more appropriate in different situations.
As an investor, you may find yourself confused when it comes to deciding between the two. That is why we took it upon ourselves to compare the two to make the decision-making process easier for you.
Keep reading…it will be worth your while.
Trendspider
Overall Rating: 4.6/5
TC2000
Overall Rating: 4/5
Overview of the TrendSpider vs TC2000 Duel: Who Wins?
One of the best ways to gauge the credibility of a stock screener is how long it has been in existence. TC2000 was founded in 2010 while TrendSpider was founded in 2016, which means that the latter is the newer kid on the block.
Seeing as companies that have been around longer are viewed as being trustworthy, TC2000 takes the day here because most investors would look at it as being more reputable compared to TrendSpider.
TC2000 is an awesome tool, and it's been around for many years now. It's been used by thousands of traders all over the world and you can see a lot of successful investment strategies based on this tool posted in public forums like reddit or stocktwits.
That said, we think that TrendSpider offers some exciting features that are not available in TC2000, which makes it easier to find profitable trading opportunities with only one click.
1. Information Wealth
When it comes to stock screeners, there are two things you must consider. The first is how much information you need, and the second is how quickly you want to get it.
TrendSpider gives you access to over 1,000 market-moving stocks and ETFs along with the most recent headlines and news releases about them.
It also offers a collection of powerful analytical tools that can help you make informed investment decisions.
On the other hand, TC2000 focuses on providing its users with up-to-date market data on stocks and ETFs, but offers little in the form of analysis.
If quick access to company information is what you're looking for, this could be a good choice.
2. Charting Tools
Both TrendSpider and TC2000 have some highly advanced charting tools. However, TrendSpider seems to focus more on automation while TC2000 sticks to the old ways of using charts.
For that reason, we find that TC2000 has better functionalities like drawing tools, note taking abilities, and even layouts.
TrendSpider, on the other hand, draws its strength from automation tools and 600+ watchlists compared to TC2000's 32 watchlists.
Now, both tools have high quality charting tools but if all you're looking for are great charts with excellent scripting, we think that TrendSpider has an edge over TC2000.
That said, TrendSpider limits how you use custom indicators. For instance, you have to keep two windows open: one for your charts and another one for the exchange service. This means you lose precious time as you shift from one tab to another so as to open or close trades.
TC2000 does a much better job on this frontier though by enabling you to do everything on one tab.
3. Mobile Accessibility
Both tools are accessible via mobile devices. TrendSpider has dedicated apps for Android and iOS users. On other hand, TC2000 has no dedicated app available.
That said, it can still be accessed on mobile through "Parallels Client".
Parallels Client is a tool that enables you to access heavy software programs easily via mobile and desktop devices. However, accessing and setting up TC2000 is a bit of a process.
So, TrendSpider is better in this regard.
4. Picking Stocks
TrendSpider's selection criteria includes "Surprise," "Trend," and "Stocks to Avoid." TC2000 offers none of these options.
Instead, it focuses on more traditional criteria such as Price/Earnings Ratio, Price/Sales Ratio, PE/CY Ratio, Price vs. Book Value, Price to Cash Flow and several others.
As such, TrendSpider is better at picking promising stocks especially for the modern investor.
5. User Friendliness
TrendSpider tends to be easier to use than TC2000. Its user interface is far simpler and more intuitive, so it's a good choice if you're new to stock screening.
TrendSpider also supports web-based back testing, which means you can see how a particular strategy would have performed historically.
TC2000 is more advanced than TrendSpider, particularly when it comes to scanning for market-neutral stocks. With this tool, you can scan based on technical indicators and financial ratios.
For example, you can look at stocks with low price-to-book ratios or high dividend yields.
TrendSpider's user interface was specifically designed to be intuitive and easy to use.
Now, while TC2000's user interface can be effective and functional after you get used to it, it doesn't offer quite the same level of ease-of-use as does TrendSpider.
6. Screening Power
One of the biggest advantages TrendSpider has over TC2000 is the number of securities that can be screened.
TrendSpider allows you to screen for stocks, options and mutual funds. TC2000 only allows for stock screening, so if you are looking for ETF's or Mutual Funds you will need to use a different stock screener.
TrendSpider also allows investors to filter by day, week, month or year with any of the screens. TC2000 only allows users to filter by month and year.
Both stock screeners have a wide variety of screens that can be used. Both also allow users to set alerts when an item has met their requirements.
The biggest difference between the two is the layout of each screener. TrendSpider uses pictures in their screener while TC2000 uses text and arrows, which makes it easier for investors who are not as familiar with financial terms but still want to do a quick search on specific items.
In that regard, TC2000 is better especially for beginner investors.
Customer Support
Both platforms provide ample customer support via phone, email and chart. TrendSpider is, however, a few steps ahead of TC2000 given that it provides toll free calling services.
The support is only offered during US business hours, not 24/7 in both cases. Both have great customer support with 24/7 availability.
However, we found TrendSpider's team to be better organized and more responsive to client questions.
The Pricing
TrendSpider pricing starts from $36 per month for the most basic package. TC2000 pricing starts from $8 per month for the most basic tier.
Therefore, if you are looking for a reasonably priced stock screening tool, TC2000 would be your best bet.
Free Trial
Both platforms have free trial services. TrendSpider has 7-day free trial while TC2000 has 14-day free trial. Nonetheless, this is restricted to their gold package only.
TrendSpider’s 7-day free trial gives you access to all of its tools and features. During the trial period, you can use TrendSpider's screening tools and other features like news feed, watchlist and portfolio management.
You can create as many as six portfolios and view up to 10 stocks in each portfolio. However, you will only be able to download your reports after purchasing TrendSpider at the end of the free trial period.
TC2000 offers a 14-day trial offer for new users. During this time, you will have unrestricted access to all the main features of TC2000 including stock screener, technical analysis reports and charts, watch lists and portfolio management tools.
You can also download your reports from TC2000 at any time during the 30-day trial period. After 30 days, you will be required to purchase TC2000 if you wish to continue using it.
Similarities Between TC2000 and Trendspider
Both TrendSpider and TC2000 have several similarities in their offerings.
- 1The most important similarity is that both are very easy to use and understand. Both programs are easy to learn and have tutorials available if you need more help with learning how to use it.
- 2Another thing is that they both have a customizable charting feature which allows you to see information such as the number of shares owned by insiders, price trends over time, market capitalization, earnings per share (EPS), and many other important figures. This makes them ideal for investors new to stock screening. Both sites also provide the ability to create multiple screens so you can monitor several companies at once, which is particularly valuable if you're creating a watchlist of stocks that you plan to follow over time.
- 3Both sites also provide detailed information on their companies, including business description, financial statistics, fundamentals analysis, news and stock charts. In addition to providing this information themselves, they can also access information from other similar websites like Yahoo! Finance.
Final Verdict
Screening for stocks is like finding a needle in a haystack. There are so many factors to consider that it's overwhelming to take on the task without some sort of help.
The best stock screeners are the ones that help you evaluate a company's fundamentals, including the quality of its management, the strength of its balance sheet and profitability.
You can get this kind of information for free with both TrendSpider and TC2000, but you'll have to do some digging. Ultimately, whichever you pick will depend on what features you value in a stock screening tool.
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