TrendSpider Vs TradingView Vs Trade Ideas Vs TC2000: Which Is The Best? [2024]

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So, which trading software is the best, Trade Ideas, TrendSpider, TradingView or TC2000?

Are there any other better alternatives?

In this comprehensive review, I am going to give you all the information you need to decide which trading software is the most suitable for you.

What To Look For In Trading Software

Before we go on and compare Trade Ideas with Trendspider, TradingView, and TC2000 in all aspects, let’s talk about how you choose the right trading software.

First of all, you need to know what you really need from your trading software.

Here’s a list of questions that you can ask yourself to get more clarity:

• What type of trader are you? (e.g. full-time day trader, part-time trader, or algorithmic trader?)
• What markets do you trade? (e.g. stocks, options, currency, crypto, or futures)
• What is your trading style? (e.g. scalping, day trading, or swing trading?)
• How do you make trading decisions? (e.g. what kind of charting tools do you need? how do you use a stock scanner to find your trade setups? do you trade news? do you develop and backtest your own trading strategy?)

Next, when it comes to stock trading software, here’s a list of factors that you must consider:

• Charting
• Stock scanner
• Back-testing tools
• Alerts
• Real-time Market Data and News
• Broker Integration
• Social community

Last but not least, you have to also compare the ease of use of the trading software, the pricing, client reviews, and customer support.

Trade Ideas Vs TrendSpider Vs TradingView Vs TC2000

Stock Scanner

The next important feature of any trading software is its stock scanner.

Is it scanning the market continuously in real-time?

What kind of stock scans does it allow you to run?

Price and volume-based scans?

Technical indicator-based scan?

Chart pattern-based scans?

Can you customize your own stock scan without any coding?

Now, let’s compare Trade Ideas, TrendSpider, TradingView, and TC2000 stock scanners.

Out of these four trading software, Trade Ideas has the most powerful stock scanner.

Trade Ideas stock scanners can continuously scan the entire market for the best trading opportunities based on your pre-defined technical conditions.

Also, Trade Ideas provides traders with some unique tools to help spot trading ideas faster.

For example, Trade Ideas has a feature called “Alert Window”.

“Alert Windows” is designed to alert you the minute a stock triggers your entry signal.

This entry signal can be any specific trade setup that you are looking for.

You can create your own trading strategies using Trade Ideas’ filters and alerts without any coding knowledge.

On the other hand, although TC2000 EasyScan can also scan the market in real time, you can only apply the scan to your WatchList instead of the entire stock market.

In other words, TC2000’s “EasyScan” only allows you to filter a WatchList to show the stocks that have met your pre-defined conditions.

By the way, TC 2000 is more of a trading platform instead of a trading software.

Both TradingView and TrendSpider don’t have stock scanners that scan the market continuously in real-time.

TrendSpider’s Stock Scanner acts more like a stock screener because it cannot auto-fresh (i.e. scan continuously in real-time).

TradingView does not have a stock scanner, but it has a stock screener with a number of technical and fundamental filters for you to screen the stock market.

Both TrendSpider and TradingView are not designed to help you day trade the stock market because you won’t be able to find your perfect trade setups in time.

TradingView stock screener is more suitable for position traders who hold their trades for weeks or even months.

Charts

Charting is an integral part of your trading software.

If you are a technical analysis trader, then charting is one of the very first things you look at in trading software.

When it comes to charting tools, both TradingView and TrendSpider provide advanced charting with all the drawing tools as well as many technical indicators including volume-based indicators.

Also, both TrendSpider and TradingView allow you to do multi-timeframe analysis easily on the same chart.

The major difference between TradingView and TrendSpider charting is that TrendSpider automates most of the technical analysis (e.g. drawing of trendline and Fibonacci levels) for you while TradingView does not have that.

By the way, you won’t be able to get alerted on TrendSpider’s chart patterns.

Also, all these automated trendlines and chart pattern recognition are not updated in real-time.

On the other hand, Trade Ideas and TC2000 have decent charting tools with the most frequently used indicators.

If you don’t need to customize your indicators, Trade Ideas and TC2000 charting tools are good enough.

Backtesting

In terms of backtesting, only Trade Ideas and TrendSpider provide you with automated backtesting tools.

TradingView has a backtesting function, but you have to do it manually.

TC2000 has no backtesting function, so it is probably not a good option if you need trading software that allows you to develop and test trading strategies.

Now, let’s take a close look at TrendSpider and Trade Ideas backtesting tools.

TrendSpider has a chart-based backtesting tool called “Strategy Tester”.

It has an intuitive, web-based, easy-to-use, 100% visual interface.

You can combine indicators, price action, chart patterns, volume, and time-based conditions to build custom strategies with no coding required.

Also, you can perform backtests for stocks and other asset types using the historical price data for the past 27 years.

For Trade Ideas, its backtesting tool is called “OddsMaker”.

You can design your trading strategy using its built-in filters and alerts without any coding.

The main difference between Trade Ideas and TrendSpider backtesting tools is as follows.

TrendSpider “Strategy Tester” shows your buy and sell directly on your chart, so you can visually see the trades.

On the other hand, Trade Ideas “OddsMaker” allows you to optimize your strategy by drilling down into the details of the strategy to see what makes it work.

For example, Trade Ideas OddsMaker can break down your strategy by different filters allowing you to see which subsets of the trades work well and which don’t.

With information such as this, you can adjust your strategy accordingly and further optimize it.

Market Data

When you trade, it’s essential that you get real-time market data feeds.

So, is it included in the paid plan or do you have to pay extra to get real-time market data?

For both Trade Ideas and TrendSpider, you get real-time market data for free when you subscribe to any one of their paid plans.

But, for TradingView and TC2000, you have to pay more if you want real-time market data.

Below is the pricing table for TC2000 Data Feeds.

If you are trading US stocks, you have to pay about $15/ month for real-time market data.

On the other hand, for TradingView, below is the pricing table for US market data.

If you are trading international stock markets such as Canada, HK, UK, and Australia, you can buy real-time market data for them on TradingView as well.

Real-Time Stock Market News

When you are trading the stock market, it’s important to keep up to date on what is happening in the market and the stocks that you are trading.

This is because any major company-specific news or economic news can result in sudden big price movement.

And you don’t want to get caught off guard.

Of all the four trading software, only TrendSpider provides a live stream of the latest news from Benzinga.

With TradingView, it shows you relevant news about the stock (or currency pair or crypto) as they come in.

For Trade Ideas and TC2000, you don’t get real-time market news.

If you are trading news, then this could be one of the important factors in your buying decision.

Social Trading

In terms of social community, only TradingView provides an active trading community of traders where you can share ideas and trading strategies with other traders.

Although Trade Ideas does not have an active social community, it does provide a FREE live trading chatroom where you get to trade alongside other day traders and share watchlists and ideas.

For TC2000, there is a trading chatroom for paid users only where you can post messages to other users who are currently online or send private messages to other users.

On the other hand, TrendSpider doesn’t provide any social community.

Brokerage Integration

In terms of brokerage integration, all Trade Ideas, TradingView, and TC2000 but TrendSpider allow you to directly trade on their platform through broker integration.

But, there is a limitation on what brokers they support.

TradingView supports only a few brokers such as TradeStation, OANDA, FXCM, Alpaca, SAXO, and AMP.

You can see that the only well-known broker there is TradeStation.

Most of the other brokers are CFD brokers.

TC2000 has its own brokerage, but its brokerage commission is a bit on the high side and it only accepts clients from the United States.

Lastly, Trade Ideas offers broker integration with quite a number of prominent brokers such as Interactive Brokers, LightSpeed Trading, Etrade, and Scottrade.

Pricing

Now, let’s talk about pricing.

All Trade Ideas, TradingView, TC2000, and TrendSpider offer both monthly and annual plans.

All annual plans are at least 20% cheaper than the monthly plans.

In terms of pricing, TradingView is also more competitively priced than TrendSpider.

	Free Plan/Trial	Monthly Plan	Annual Plan
TradingView	Yes	$14.95/month (data not included)	$155/year (data not included)
TC2000	No	$9.99/month (data not included)	$99.84/year (data not included)
TrendSpider	Yes	$33/month	$396/year
Trade Ideas	No	$84/Month	$999/year

As you see, TC2000 and TradingView are the cheapest of all while Trade Ideas is the most expensive trading software.

But, DON’T get fooled by the pricing just yet.

The real-time market data fees are not included in the pricing plans for both TC2000 and TradingView.

So, if you are trading US stocks, you should expect to pay at least $25/month for TC2000.

Also, if you need real-time data feeds for options and index, you have to fork out another $20 at least for TC2000.

So, after taking everything into account, the cheapest is NOT really cheap anymore.

For TradingView, if you add all the market data fees, you will be looking at at least $25/month.

On the other hand, TrendSpider includes all the market data fees in its pricing plans.

On top of that, TrendSpider provides a live stream of news from Benzinga which, if you purchase separately from Benzinga Pro, would cost you $99/month.

So, I would say that TrendSpider is really very competitively priced if you are looking for good day trading software.

Now, let’s compare Trade Ideas’ pricing to TrendSpider’s pricing.

So far, Trade Ideas is the most expensive day trading software in the market with a monthly subscription of more than $100 dollars.

• Trade Ideas Standard:  $84/month if paid annually
• Trade Ideas Premium: $167/month if paid annually

The reason why it’s so expensive is that it is one of the few artificial intelligence trading software in the market right now that supports automated trading as well as runs its own algorithm to give you high-probability trade ideas.

Which Is Right For You?

So, which trading software is the most suitable for you?

For day trading stocks, I don’t really recommend TC2000 because there is much better trading software out there.

The only unique feature of TC2000 is its option trading tools with built-in options trading strategies and options profit and loss zones.

So, if you are an options trader, then you might want to consider TC2000.

I also don’t recommend TradingView for day trading stocks because it does not have a good real-time stock scanner.

But, if you are a swing or position trader who trades a lot of markets, TradingView might be a good option for you because it’s web-based and covers a lot of markets, and its charting tools are also very advanced with custom indicators.

TrendSpider is a nice choice if you don’t mind using a stock screener to search for stock ideas and you are mostly using indicator-based trading strategies.

If you are day trading stocks, I highly recommend that you check out Trade Ideas because its stock scanner is top-of-the-line.

On top of that, if you want A.I. trading signals and want to automate your trading strategies, only Trade Ideas can help you do that.