TC2000 has proven to be a solid product for day traders and is worth checking out if you are in the market for a new broker/trading platform

TC2000 is a popular trading software and platform designed for active traders and investors. It provides a comprehensive set of tools for charting, technical analysis, and market scanning. TC2000 is known for its advanced charting capabilities, intuitive interface, and real-time data. It offers a range of features to help traders make informed decisions and execute trades efficiently.

Some key features of TC2000 include:

 

Charting: TC2000 offers highly customizable charts with a wide variety of technical indicators, drawing tools, and overlays. Traders can analyze price patterns, trends, and other technical signals.

Scanning: The platform allows users to scan the market based on specific criteria and conditions. Traders can create custom scans to identify stocks or other assets that meet their specific trading strategies.

Watchlists: TC2000 allows users to create and manage watchlists of stocks, ETFs, options, and other assets. Traders can monitor and track their favorite securities and receive real-time updates.

Real-time Data: TC2000 provides real-time streaming data, allowing traders to stay up-to-date with market prices, volume, and other important information.

Trading Integration: TC2000 offers integration with TC2000 Brokerage, which is a separate entity from the software itself. Traders can execute trades directly from the platform, taking advantage of the seamless integration between the software and the brokerage service.

It’s important to note that TC2000 is primarily a trading software platform and not a brokerage firm itself. While it offers integration with TC2000 Brokerage, traders also have the option to use other brokerage services if they prefer.

TC2000 has several pros and cons that you should consider when evaluating the platform for your trading needs. Here are some potential advantages and disadvantages of TC2000:

Advanced Charting: TC2000 is highly regarded for its advanced charting capabilities. It offers a wide range of technical indicators, drawing tools, and customizable chart layouts, allowing traders to perform in-depth technical analysis.

Real-time Data: TC2000 provides real-time streaming data, which is crucial for active traders who need up-to-date market information. The real-time data allows for quick decision-making and timely trade execution.

Scanning and Alerts: TC2000 offers powerful scanning and alert features that allow traders to identify trading opportunities based on specific criteria. The platform enables traders to create custom scans and alerts to monitor the market and securities of interest.

Integration with TC2000 Brokerage: TC2000 integrates seamlessly with TC2000 Brokerage, which can streamline the trading process for users. The integration allows for direct trade execution from the platform and a cohesive experience between charting and trading.

Mobile Apps: TC2000 provides mobile apps for both iOS and Android devices, allowing traders to access the platform and monitor their portfolios on the go.

Learning Curve: TC2000’s extensive features and advanced capabilities may have a learning curve for new users. It may take time to fully understand and utilize all the available tools and functionalities effectively.

Limited Brokerage Options: While TC2000 integrates with TC2000 Brokerage, which offers competitive commission rates, traders may have limited options if they prefer to use other brokerage services. The platform’s integration is primarily tailored to TC2000 Brokerage.

Data Subscription Costs: While TC2000 offers real-time data, access to this data may come at an additional cost. Traders should consider the subscription fees associated with accessing real-time market data.

Advanced Features for Experienced Traders: Some of TC2000’s advanced features, such as complex scanning and custom indicator creation, may be more suitable for experienced traders who are well-versed in technical analysis. Novice traders may find the platform overwhelming initially.

Customer Support: Some users have reported mixed experiences with TC2000’s customer support, citing delays or limited responsiveness in addressing inquiries or technical issues.

At TC2000, you’ll get 4:1 intraday margin on most securities. Leveraged ETF’s will have lower leverage, and some securities aren’t marginable at all. For overnight positions, the leverage drops to 2:1.

TC2000 uses Interactive Brokers as its clearing firm. Thus, you can use IB’s short locate tool to find stocks available for shorting. As expected, TC2000 will charge fees for this service. The rates vary by security and even by day.

Pricing Schedule

TC2000 is one of the few brokers left to still charge commissions, and they’re not cheap. Stocks and fund trades are $4.95. Options are $2.95 per trade with a 65¢ per-contract fee.

TC2000 charges a monthly fee for data and its desktop platform. The latter costs $9.99 per month for the most basic version. A Gold edition costs $29.99 per month and comes with the following features:

EasyScan® screener for options and stocks

Simple step-by-step wizard to create conditions

Drawing tools

Sortable watchlists

Layouts across multiple monitors

Alerts (up to 100)

Graphs of sectors, earnings, % insider shares, and more

Extended-hours mode

Formula writing

A Platinum edition is a very steep $89.98 per month. It offers:

Historical condition testing

Historical scan results

Automatic refresh intervals on scans & sorts

Up to 1,000 alerts

Market timing indicators built from scan plots

Every month that you place at least one trade, the broker will give you a $25 Platinum subscription coupon. Alternatively, you can maintain an account equity of $30,000 or more.

The brokerage firm offers reduced software rates if you pay annually or semi-annually.

Real-time data on U.S. stocks costs $14.99 per month. Options data is $9.99. Other data packages have other fees ranging from $1 to $50.

TC2000 is a comprehensive trading software and platform designed for active traders and investors. It offers advanced charting tools, real-time data, scanning capabilities, and integration with TC2000 Brokerage for seamless trade execution. Some key features of TC2000 include customizable charts with technical indicators, scanning and alert functionality, watchlist management, and mobile apps for on-the-go trading. While TC2000 is known for its powerful charting capabilities and real-time data, it may have a learning curve for new users, limited brokerage options, and additional costs for certain data subscriptions. It’s important to evaluate TC2000 based on your specific trading needs and preferences.