Tc2000 Review
Lane Frisch
TC2000 Review is a high-end trading platform that was created by Worden Brothers. Not only has it been voted as the best analytical software under $500 for the last 24 years by Stocks & Commodities Magazine, it has pricing options to suit any investor.
TC2000 is a high-end trading platform with a focus on charting. It offers various proprietary analysis tools, screeners, and even offers trading through their own brokerage firm. Created by Worden Brothers, TC2000 has been voted as the best analytical software under $500 for the last 24 years by Stocks & Commodities Magazine. Discover more in our TC2000 review.
One standout feature is the data box you see in the image below. You can click your selector on any point on the chart and see the returns over time, those returns on an annualized, as well as various data points like open, high, low, close, and indicator values.
Another subtle feature that, in my opinion, drastically improves the UX is the Change Symbol screen automatically opening when you begin typing, similar to TradingView. So when you have a chart of AMZN open, and you type any letters on your keyboard, the Change Symbol window will open. This small improvement in UX really builds up over time. Having to mouse over to the symbol box every time you want to change symbols is one of the most annoying things about charting platforms.
When it comes to the zoom feature on charts, while it may not seem significant, few competitors, save for possibly TradingView match up to TC2000. The fluidity at which one can zoom in and out of charts just feels so right.
Most premium charting packages have more indicators than one knows what to do with, the question is, how many of those see any use? Nowadays, it is standard for any charting package to have more than 100 indicators. How many of them can you name off the top of your head?
See in the image below, how the main stock indexes are presets that can be turned on and off, saving time, but the feature I love most is the checkbox for Sector/Industry symbols. On other charting platforms, this can be tricky, as industry index symbols can vary from platform to platform, forcing you to read through documentation or use the symbol search to figure it out. The checkbox mitigates all of that.
Another rarity in charting platforms, as found in our TC2000 review, this platform allows you to add formulas like (Volume/5 bar average volume * 100) and use them as indicators, or more commonly, use them to set alerts. The indicator used in the image below looks at the average volume over the last five price bars, it would be simple to set an alert above 250 (any value you find significant enough to trade).
TC2000 is definitely the platform of choice for day traders in my opinion, outside of functionality the top brokers (although they have a brokerage firm of their own), TC2000 has everything a day trader could ask for. Specifically, the support for floating windows is huge, as many day traders use upwards of five monitors when trading. I also see EasyScan being a huge sell for momentum based day traders, the ability to narrow down the stocks doing the best (or worst) in certain criteria is important for day traders, they want to trade what is hot right now.
TC2000 platform & data subscriptions are offered by TC2000 Software Company ("TCS"). Securities brokerage services are offered by TC2000 Brokerage, Inc. ("TCB"), a registered broker dealer, member FINRA/SIPC. TCS and TCB are separate companies affiliated through common ownership.
The information on this website is for discussion and information purposes only. Access to real-time data is subject to acceptance of the applicable exchange agreement(s). Systems response and access times may vary due to market conditions, system performance as well as other factors. All brokerage accounts are accepted at the discretion of TCB.
Nothing contained herein should be considered as an offer or recommendation to buy or sell any security or securities product. Past performance of a security does not guarantee future results or success. TCB does not provide investment advice or tax advice to clients/accounts, online trading clients/accounts, online institutional clients/accounts, or any other individual or account at any time. Any investment decision you make is solely your responsibility. Please speak with your own personal tax advisor, CPA or tax attorney prior to making tax related decisions.
Platform & data subscriptions are offered by TC2000 Software Company (TCS). Securities are offered through TC2000 Brokerage, Inc.(TCB), a registered broker dealer, member FINRA/SIPC. They are separate companies affiliated through common ownership.
The information on this web site is for discussion and information purposes only. All accounts accepted at the discretion of TCB. Nothing contained herein should be considered as an offer to buy or sell any security or securities product. Systems response and access times may vary due to market conditions, system performance as well as other factors.
TCB does not provide investment advice or tax advice to clients/accounts, online trading clients/accounts, online institutional clients/accounts or any other individual or account at any time. Please speak with your own personal tax advisor, CPA or tax attorney prior to making tax related decisions. Please contact TC2000 Brokerage, Inc at 1-800-508-9150 or 910-550-2325 for further information.
Having used top-of-the-range charting and stock screening software in my time as a hedge fund trader, I know what an indispensable tool they are. Without them, you are just blindly trying to find a needle in a haystack.
It packs almost everything you need as a trader into a user-friendly, cost-competitive package. From stock screening, charts, to trading, strap in to hear what I have to say about this award-winning stock market analysis software.
TC2000 is an award-winning charting software and stock screener developed by Worden Brothers. It offers one of the most comprehensive suite of technical analysis tools on the market, which earned it best analytical software under $500 for 27 years running according to Stock & Commodities Magazine.
As you will see throughout this TC2000 review, the combination of real-time scanning, endless fundamental and technical indicators, immense charting capabilities, and in-platform trading, makes it one of the most powerful all-in-one platforms for US stock, ETF, and options traders.
One of these features is live trading through the TC2000 brokerage service, which is available on all payment plans. Those who hold a minimum account balance of $30,000 or place at least one trade each month, receive a $25 coupon for the platinum subscription.
While the Silver plan is likely sufficient for most beginner traders, it excludes drawing tools like trend lines and Fibonacci retracements. Therefore, if you rely on these to plot support and resistance levels, you will have to upgrade to the Gold or Platinum package.
Compared to these platforms, where you could be paying double, the Platinum subscription provides great value for money. The Platinum subscription is for day traders looking to use TC2000 as a real-time premarket scanner.
Moreover, the flexibility you have in terms of customizing your charts is something I was really impressed with during my testing. Firstly, you have the option to display your charts in any of the following 7 formats:
You could argue that all of these features should be the bread and butter of any charting platform; the ones you expect to be good. While that is true, TC2000 goes the extra mile by providing some truly unique features.
One of these is comparison charts, which is only available to Gold & Platinum subscribers. The comparison feature lets you plot up to 10 different securities alongside your main chart, so you can track the relative performance of any group of stocks or indices.
It is also possible to plot the relative strength as a technical indicator on the same chart. For example, in the image above, the blue line in the top panel shows the relative strength of the base security (Apple) vs. the Nasdaq (QQQ).
I always thought of TC2000 as a technical-only stock screener, however I found it to be a highly effective fundamental screener too. This is definitely something that surprised me, and perhaps one of the most underrated aspects about this platform.
If you want to build your own custom criteria, you can learn the PCF syntax from their website. However, I would say this is generally more suited to experienced traders looking to create more complex screening criteria.
What I really like about the output, is the ability to add as many data columns as you like alongside the results. You can populate these with any fundamental or technical indicator, a condition test, or even your own formulas.
For live trading, you need to open a TC2000 brokerage account, which gives you direct market access from their platform. This means you can trade directly from your charts, so you never miss a beat.
You can also perform options scanning in this window to help you find options with your desired characteristics. As well as the technical and fundamental criteria outlined earlier, you can also screen on common options parameters, such as:
Essentially, watchlists partition the stock market into smaller subsets. They generally group securities together based on a sector, region, theme, asset class, market cap size, or any other factor that they might share in common. TC2000 has thousands of these watchlists pre-built into the platform.
Watchlists also come in handy for screening. For example, if you already know which area of the stock market you want to focus on, you can just apply your screening criteria to those stocks. Perhaps your research has led you to believe that solar stocks are a buy. Therefore, instead of screening the entire market, just screen stocks belonging to a Solar ETF.
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