800 Comparisons, 4 Winners & 7 Recommended. The Webs Most In-Depth Stock Trading Software Platform Review. MetaStock, TradingView, TC2000 & MoreByBarry D. Moore - CFTe Certified Financial Technician - IFTA
-VendorTradingViewMetaStockStockRoverTrendSpiderTelechartOptumaEquityFeedQuantShareTradeStationeSignalNinjaTraderChartSmartVectorVestProfitSourcePricing & SoftwareMonthly End of Day $Free
Pro $13
Pro+ $25$22Free
Essentials $8
Premium $18
Premium Plus $28Silver $10
Gold $30$82N/A$245 Lifetime License$249 or Free For Clients$37.95$50 or Free for Clients$43$59Monthly Real Time $Premium
$50$99$27 -$69Platinum $90$207$135 -
$250$595 Lifetime License$349 or Free for Clients$120$110$129$1295Software Only Fee $$449$245$999Customizable Data Feeds✔✔✔ IQFeed. GFT, MT4, Bloomberg✔✔Customer Service & EducationExcellentExcellentExcellentExcellentExcellentExcellentEmail OnlyEmail OnlyExcellentExcellentOKEmail OnlyOKAUS Time ZonePC✔✔✔✔✔✔✔✔✔✔✔✔✔✓For MAC✔✔✔✔✔✔✔Tablets Smartpones✔✔✔✔✔✔✔Market Data CoverageGlobalGlobalU.S.A. / CanadaU.S.A.U.S.A. / CanadaGlobalU.S.A inc. OTCGlobalGlobalGlobalGlobalU.S.A. / CanadaUSGlobalData SpeedExcellentExcellentGoodExcellentExcellentExcellentExcellentGoodExcellentExcellentExcellentOKOKOKStocks✔✔✔✔✔✔✔✔✔✔✔✔✔✔ETF✔✔✔✔✔✔✔✔✔✔✔✔✔✔Mutual Funds✔✔✔✔✔✔✔✔✔✔✔Options✔✔✔✔✔✔✔✔✔Futures✔✔✔✔✔✔✔✔✔Forex✔✔✔✔✔✔✔✔✔Bonds✔✔✔✔✔✔✔Crypto (new)✔✔✔Pricing & Software Score1010101010999888542Stock Market Software Review - Pricing & Software Comparison - Table 1
-Trade ManagementBroker Integration Stocks✔✔✔✔✔✔✔✔✔✔✔Place Trades from Charts✔✔✔✔✔✔✔✔✔Live Position P&L✔✔✔✔✔✔✔✔✔✔P&L Analysis✔✔✔✔✔✔✔✔✔✔✔Trade Management Score10101099998865400Stock Market Software Review - Trade Management Comparison - Table 2
-Fundamental Scanning & ScreeningReal Time Scanning & Filtering✔✔✔✔✔✔✔✔✔✔✔✔✔Fundamentals Scanning✔✔✔✔✔✔✔✔✔✔✔Watch Lists with Fundamentals✔✔✔✔✔✔✔✔✔✔✔✔10 Year Historical Financial & Fundamentals✔Advanced Value & Income Investing RankingsFair Value
Margin of SafetyExtended Economics Fundamentals (New)✔✔Fundamental Screening Score10101099999987630Stock Market Software Review - Fundamental Analysis Comparison - Table 3
-News &
SocialNews Feed✔✔✔✔✔✔✔✔✔✔✔Real-Time News Feed✔✔✔MT NewsWire
$8 pm✔✔✔Economics & Deal NewsKiplinger
FuturesReutersDeal NewsBloomberg
RequiredMarket Commentary✔✔✔✔Bloomberg
Required✔Community Chat✔V12.5✔✔News Score1010988765542100Stock Market Software Review - News Services & Social Comparison - Table 4
-Technical AnalysisChartsMultiple Charts Per Desktop✔✔✔✔✔✔✔✔✔✔✔✔✔✔Bar Line HLC Candlestick✔✔✔✔✔✔✔✔✔✔✔✔✔✔Point & Figure✔✔✔✔✔✔Equivolume✔Premium✔✔OthersMarket ProfileKagi, Heikin Ashi, Renko, Line BreakHeiken AshiHeiken Ashi Market ProfileMarket ProfileIndicatorsBollinger Bands✔✔✔✔✔✔✔✔✔✔✔✔✔✔Directional Movement✔✔✔✔✔✔✔✔✔✔✔✔Ichimoku Cloud✔✔✔✔✔✔MACD✔✔✔✔✔✔✔✔✔✔✔✔✔✔Momentum✔✔✔✔✔✔✔✔✔✔✔Money Flow✔✔✔✔✔✔✔✔✔✔✔✔Moving Averages✔✔✔✔✔✔✔✔✔✔✔✔✔✔Parabolic SAR✔✔✔✔✔✔✔✔✔Rate of Change✔✔✔✔✔✔✔✔✔✔Relative Strength / RSI✔✔✔✔✔✔✔✔✔✔✔✔✔✔Stochastics✔✔✔✔✔✔✔✔✔✔✔✔✔Volume at Price✔✔ Raindrops✔✔✔✔✔Custom Indicator Development✔✔Coming Soon✔✔✔✔✔✔Volume✔✔✔✔✔✔✔✔✔✔✔✔✔✔Darvas Box✔✔Probability Box X✔Elliot Wave✔Gann Swing X✔Total Number of Indicators300+160+57+240+400+520+1451041122154321819Drawing ToolsTrend Lines✔✔✔✔✔✔✔✔✔✔✔✔✔Fibonacci Retracement✔✔ + AutoFib✔✔✔✔✔✔✔✔✔✔Fibonacci Time✔✔✔✔✔✔✔Fibonacci Fan✔✔✔✔✔✔✔✔Text Overlay✔✔✔✔✔✔✔✔✔✔✔Pitchfork✔✔Coming Soon✔✔✔✔✔✔Error Channel✔✔Gann Grid/Line✔✔✔Gann Fan✔✔✔✔✔✔Quadrant Lines✔✔✔Speed Lines✔✔✔Automated Alerts✔✔✔✔✔✔✔✔✔✔✔Advanced Features (New)Dynamic Alerts on Indicators/Trendlines✔✔✔✔Automated Trend Lines✔Multi Time-Frame Analysis✔Automated Fibonacci✔Technical Analysis Score1010101010999876644Stock Market Software Review - Technical Analysis Charts & Indicators - Table 5
The Market Moves Fast. Join Over 25,000 Liberated Stock Traders Get the Latest Stock Market Software, Books & Movie Reviews Directly To Your InboxEmail Address--
-Systems & BacktestingSystem Marketplace✔✔✔✔✔✔✔✔Create Customizable Systems✔✔✔✔✔✔✔✔✔✔✔✔✔✔Back Testing Point & Click✔✔✔✔✔✔✔✔✔Back Testing Programmatic✔✔✔✔✔✔✔✔✔✔✔Forecasting (new)✔✔Automated Trendline Detection & Backtesting (New)✔Robotic Trading (new)✔✔Systems & BackTesting Score109888887445555Stock Market Software Review - Systems & Backtesting - Table 6
Optuma has a well-implemented backtesting and system analysis toolset. Best in class up there with MetaStock, QuantShare, and NijaTrader as the industry leaders, but unlike the others, you do not need a Ph.D. in mathematics to set up and test your system.
-Setup & UsabilitySoftware Setup10109109987555555Ease of Use Score10101089688766555Total Points 2020191818161615121111101010Stock Market Software Review - Usability - Table 7
[Related Article: The Top 10 Best Stock Trading Platforms – Trade From Charts]
[Related Article: The Best Stock Trading Platforms For Beginners]
[Related Article: The 11 Best Platforms For Day Traders] -
-
TradingView
Watch this video on YouTubeWatch The Video Overview Try TradingView For Free Now + BonusesRead the Full TradingView Review-
Recommended for professional frequent trading investors, who value a slick touch-enabled interface which operates well with Bloomberg feeds and terminals adding premium features and the best Gann Analysis toolset on the market. Price – Software from $82 per monthPro’sConsTrade Commissions – see Broker rates★ Great Technical Analysis✘ Pricing Targeting Professional InvestorsRating★★★★★ Good Broker Integration✘ SocialSpecial Deal – N/A★ High-Quality Back-testingVisit Optuma★ Great Customer SatisfactionPricing and Software 10/10 – Optuma is at the top end when it comes to price and you will need a powerful PC to run it, but with IQFeed, GFT and MT4 data integration’s, great customer services and the full range of instruments covered (Stocks, EFTs, Mutual Funds, Options, Futures, FOREX, Bonds) for the premium price you get the premium package.Trade Management 8/10 – While you have the ability to place trades from charts, Optuma does have a full suite of broker integrations.Fundamental Scanning and Screening 10/10 – A perfect 10 for fundamental screening for Optuma. A well thought out real-time scanning and filtering engine and the fundamental watchlists are well implementedNews & Social – 8/10 – If you can afford or have a Bloomberg feed then you will get the top end real-time market data you need.Technical Analysis 10/10 – Another perfect 10 for Optuma. A fantastic array of technical indicators and drawing tools. Specializing in Gann tools with a full suite including Gann Grid Lines, Gann Fans, and Gann Swing.Stock Systems and Back Testing 8/10 – Optuma has back-testing well covered also, with a well-implemented backtesting and system analysis toolset. Best in class up there with MetaStock, QuantShare, and NijaTrader as the industry leaders, but unlike the others, you do not need a Ph.D. in mathematics to set up and test your system. Ease Of Use 10/20 – Optuma requires a high-end PC workstation to function at speed, but if you are a PRO trader this is not a problem. The interface, the shortcuts, the whole thought process implemented into Optuma does warrant this good score in an important section. They also have an extensive video training library which is very valuable to the new customer. Try Optuma NowGo to the Full In-Depth Optuma Review-
Pricing & Software – 9/10 – EquityFeed specializes in providing real-time data and fast news directly to your screen. With a medium price point, it is neither cheap nor expensive, but you do get a lot for your money as you can explore in the detailed EquityFeed review. Data speeds are excellent and it has excellent U.S. data coverage including extensive Over The Counter markets (OTC:BB, OTCQX, OTCQB, OTCPINK, GREY)Trade Management – 10/10 – EquityFeed has introduced the “Chart Montage” functionality, which enables an ultrapowerful way of trading off the charts.[Related Article: The Top 10 Best Stock Trading Platforms – Trade From Charts] Fundamental Scanning & Screening – 9/10 – EquityFeed contains many fundamental screens. But what is the key for days traders? The ability to scan entire markets for liquidity and volume patterns to find volatility you can trade for a profit. This is the EquityFeed unique offering.News – 9/10 – A top placing and definitely worth mentioning this year is the deal news section in EquityFeed.Technical Analysis 8/10 – In third place in this round, EquityFeed does not offer as many chart patterns or chart indicators as it’s competitors, but it does not have to. Most people will only use 5% of the indicators available, and fortunately, EquityFeed covers all the important ones. The power here is in the technical analysis screening, which is very fast, seamless and powerful.Stock Systems & Back Testing – 4/10 – EquityFeed is not designed for extensive backtesting, but it is designed to help you streamline your day trading system. Plenty of off the shelf technical and liquidity scans greet you on opening the program. The great thing is they all operate in real-time so they continue to update.Ease of Use 18/20 – In the development process EquityFeed have opted to keep everything on the surface super simple and intuitive to use. However, don’t be fooled by the simple interface, there is real power underneath the main screen, which in a few clicks you will be viewing Level II liquidity data and buying directly from the charts.[Related Article: Free Real-time Charts Without The Cost Of A Premium Service] -
Recommended for Quantitative Analysts who develop powerful automated systems and value a huge selection of shared user-generated systems and powerful technical analysis tools. Price – Software $245 One TimePro’sConsTrade Commissions – See Broker★ Perfect For Quants Wanting To Automate Trading✘ Programming Knowledge RequiredRating★★★★★ Sharing Servers For System Sharing✘ Interface★ Active CommunityOpen An Account★ Very Good Back-TestingPricing and Software 9/10 – An extremely cost-effective solution with one-off pricing available.Trade Management 8/10 – QuantShare scores well in this round, enabling a selection of broker integrations to automate trade management.Fundamental Scanning and Screening 9/10 – There is certainly a huge selection of fundamentals to be able to scan against, the usability could be improved. Watch-lists can be tricky to set up. Further development is required here.News & Social 7/10 – Including news and the StockTwits integration save the day here for QuantShare, the news is not real-time but certainly does add value.Technical Analysis 9/10 – With the largest selection of technical indicators to choose from (520+) this package leads the way in the chart analysis stakes.Stock Systems and Back Testing 10/10 – QuantShare specializes, as the name suggests, in allowing quantitative analysts the ability to share stock systems.Ease Of Use 12/20 – This software package is not the easiest to use and the interface requires serious development effort. The learning curve will take a time investment on your part.Try QuantShare NowRead the In-Depth QuantShare Review[Related Article: 11 Of The Best Trading Platforms For Day Traders] -
-
Read the Full TrendSpider Review -The Market Moves Fast. Join Over 25,000 Liberated Stock Traders Get the Latest Stock Market Software, Books & Movie Reviews Directly To Your InboxEmail Address-
Notes on the Review: Liberated Stock Trader has affiliate referral agreements with many of the Brokers in the review. This means if you sign up with your broker of choice we may receive a referral payment. These payments help fund this site. This may seem to represent a conflict of interest, however, this review is impartial and only recommends the best solution in any given round based on the data.
Jun 10, 2019 Best stock trading software for technical analysis, backtesting, and more 1. TradingView TradingView’s iOS App. Source: TradingView.com. TradingView’s takes the cake in this category. Alert Central - all our signals, scans, alerts, ETF rankings and pre-defined screens listed in one place. This page is a quick-reference guide to all of our pre-defined screens and scans. At a high level, we offer the following: Trend Reversal Alerts - proprietary scans for stocks or ETFs that are exhibiting a. Stock Signal. The stock must have traded today, with a current price between $2 and $10,000 and with today's volume greater than 10,000. OTCBB stocks have to be trading above $0.25 and have a (daily volume. last price) above 10,000. A Stock must have an opinion and a last month's opinion. See all my E-Zone signals and alerts. Stock Alerts. Alert Central - free stock picks, screens, alerts, ETF Rankings and more. Free Stock Screener - use both fundamentals and technical analysis to find the best stocks and ETFs. Receive notification when new features are added to this site or to the Trade-Radar software, get latest stock. RichLiveTarde systems gives highly accurate Automatic Buy, Sell Target & Stop Loss Trading Signals Software for NSE, F&O, MCX MCX SX, NCDEX Etc. (Equity, Future, Option, Commodity & Currency) to trade intraday, swing & positional trading. Click Here For Free Demo Low Investment High Returns Buy Sell Signal Accuracy above 95%. Invest4y.com is recognized as the leading provider of technical analysis stock software. Amazing stock trend signal buy sell signal software catches stock trend signal change in the very early stage when stock trend is changing and alerts stock buy sell signal when stock trend is formed.
-REVIEW BREAKDOWNTradingView - A Great Price, Insanely Good Fundamental & Technical Analysis + Stunning Social Integration & The Best Ease Of Use.MetaStock - Best for Traders, Excellent Real-time News, Systems Back-Testing & Forecasting & Global Exchange CoverageTrendSpider: Best For All Traders Wanting Cutting Edge A.I., Auto Trend-line Pattern Recognition, System Backtesting and a Great Price.TC2000 - Best For U.S.A. & Canada Investors Needing Powerful Real-time Screening & Excellent Trading From ChartsStock Rover - Best for U.S.A. Canada Value Investors Seeking 1st Class Fundamental & Financial Analysis Stock Research Software.Optuma - For Professional Traders, Wanting Powerful Technical Analysis + Bloomberg IntegrationEquityFeed - For Day Traders, Real-Time Charts & News + Unique Level II Data & Dollar Volume. Includes Excellent Broker IntegrationREVIEW SUMMARYThese Are The 7 Stock Chart Analysis Packages We Recommend From The 13 Featured In This Incredibly Detailed Review & Comparison. Read On To Find Out Which Software Suits Your Specific Investing Or Trading Needs.4.8OVERALL SCOREThe 2019 Online Stock Trading Software Review
Welcome to the most detailed Stock Trading Software Review on the planet, we compare over 800 different features & functions and over 30 vendor products, and ultimately this filters down to 10 now 14 highly rated software offerings from industry giants to new entrants.
Why? So you can choose the very best package available to suit your investing style and budget. Not only will you find out which software best suits your trading style, but you will also be able to compare head to head all of the benefits, features, and prices.
2019 is well underway and we have seen huge jumps forward in features and benefits. TradingView has now established itself as one of the leaders jostling for position amongst our established giants like TC2000, MetaStock, Tradestation and NinjaTrader. However, there are new market-disrupting entrants as we introduce the hot new innovative charting software called TrendSpider and Stock Rover the best Value Investing Stock Screener I have seen in 10 years.
As this is a very long and detailed review, use the links to jump to the article section of interest.
The Review: 7 Tough Rounds Of Comparisons
Read on for extremely detailed reviews or simply click the round to jump to the section
- Round 1: Best Online Stock Trading Software Platform for Price, Quality & Customer Service
- Round 2: Best Stock Trading Software – Broker Integration, Live Trading From Charts & Position Management
- Round 3: Best Stock Screener Integration – Fundamental & Technical Screening Integration
- Round 4: Best Programs with Stock Market News Services & Social Integration
- Round 5: Best Stock Technical Analysis Software – Stock Market Charts, Indicators & Drawing Tools
- Round 6: Best Applications for Stock Systems, Backtesting, Forecasting & Robotic Algorithmic Trading
- Round 7: The Best Stock Market Apps for Ease of Use, Intuitive, Simple Installation & overall user experience
- Final Results Top 5: The Best Stock Charting Trading Software Summary Reviews.
The Best Stock Trading Software Based on Your Style of Investing
Click your investing style below to jump to the charting software that best meets your needs:
- Income & Value Investors U.S. & Canada looking for the very best stock screener to uncover Fair Value & Margin of Safety metrics, a value investors perfect toolset.
- Mid to Long-Term Investors U.S: & Canada looking for a great price, and great fundamental screening and technical charting
- Short to Long-Term Investors: Best Software for Short-Term & Long-Term Traders who value price, insanely good Fundamental & Technical Analysis with stunning social integration and including cryptocurrency and futures trading.
- Day Traders & Investors: Those who need the best real-time news, access to a huge stock systems marketplace and powerful technical analysis with global data coverage all backed up with excellent customer services.
- Day Traders & Swing Traders: Wanting a super simple and slick workflow, real-time streaming charts & news and unique Level II data, Dollar Volume Information & excellent broker integration for trading from charts
- Money Market Traders: FX, Bonds, and Cryptocurrency Traders – See also Top 6 Most Trusted CFD & FX Brokers Review
- Quants & Scalpers using Automation: Best Analysis Software for Backtesting, Robotic Trading & Scalping
- Professional Technical Analysts & Institutional Traders: Best Trading Software for PRO’s wanting exceptional statistical analysis & backtesting with First Class workflow and Customer Support including Bloomberg integration
- Traders looking for Automation in Technical Chart Analysis: Trend Line Automation, Multi Time-Frame Analysis – Advanced A.I. Machine Learning
The Best Online Stock Trading Software Platforms Summary
Click the links to jump directly to the software providers website.
- Best Trading Platform Overall: TradingView
- Best for Price: TradingView – TC2000 – TrendSpider
- Best for Live Trading off Charts: TC2000 – EquityFeed
- Best for Social Trading & Ideas: TradingView
- Best for Value Investors & Stock Screening: Stock Rover – TC2000 – TradingView
- Best for Technical Analysis Charting: MetaStock – TrendSpider – TradingView
- Best for Real-Time News: MetaStock + Refinitiv Xenith
- Best for Backtesting & Forecasting: MetaStock – TrendSpider
- Best for Institutions: Optuma
- Best for Automated Algo Trading: TradingView
- Best for International Traders: TradingView – MetaStock
- Best for U.S. Long-Term Investors: Stock Rover – TC2000
Round 1: Best Stock Software Platform for Price, Quality & Customer Service
-VendorTradingViewMetaStockStockRoverTrendSpiderTelechartOptumaEquityFeedQuantShareTradeStationeSignalNinjaTraderChartSmartVectorVestProfitSourcePricing & SoftwareMonthly End of Day $FreePro $13
Pro+ $25$22Free
Essentials $8
Premium $18
Premium Plus $28Silver $10
Gold $30$82N/A$245 Lifetime License$249 or Free For Clients$37.95$50 or Free for Clients$43$59Monthly Real Time $Premium
$50$99$27 -$69Platinum $90$207$135 -
$250$595 Lifetime License$349 or Free for Clients$120$110$129$1295Software Only Fee $$449$245$999Customizable Data Feeds✔✔✔ IQFeed. GFT, MT4, Bloomberg✔✔Customer Service & EducationExcellentExcellentExcellentExcellentExcellentExcellentEmail OnlyEmail OnlyExcellentExcellentOKEmail OnlyOKAUS Time ZonePC✔✔✔✔✔✔✔✔✔✔✔✔✔✓For MAC✔✔✔✔✔✔✔Tablets Smartpones✔✔✔✔✔✔✔Market Data CoverageGlobalGlobalU.S.A. / CanadaU.S.A.U.S.A. / CanadaGlobalU.S.A inc. OTCGlobalGlobalGlobalGlobalU.S.A. / CanadaUSGlobalData SpeedExcellentExcellentGoodExcellentExcellentExcellentExcellentGoodExcellentExcellentExcellentOKOKOKStocks✔✔✔✔✔✔✔✔✔✔✔✔✔✔ETF✔✔✔✔✔✔✔✔✔✔✔✔✔✔Mutual Funds✔✔✔✔✔✔✔✔✔✔✔Options✔✔✔✔✔✔✔✔✔Futures✔✔✔✔✔✔✔✔✔Forex✔✔✔✔✔✔✔✔✔Bonds✔✔✔✔✔✔✔Crypto (new)✔✔✔Pricing & Software Score1010101010999888542Stock Market Software Review - Pricing & Software Comparison - Table 1
Best Stock Software Platform for Price, Quality & Customer Service
This round was extremely competitive with 4 vendors leading the pack, but not by a wide margin.
1. TradingView – Score 10/10
TradingView offers 4 packages, starting at Free for a limited version of the toolset and moving to extremely competitively priced packages like Pro for $9.95, Pro+ for $19.95 and Premium for $39.95 per month.
I would recommend the Pro subscription as it enables nearly everything you would need. If you want the intraday spread charts & custom chats opt for Pro+. In any case, try it out completely Free and play around with it to see if you like it.
TradingView runs on PC, Mac, Tablets, and Smartphones and requires Zero Installation, it simply works. On mobile TradingView also came top in our Best Stock Trading Apps for Smartphones Review.
The Market data is huge, covering nearly all Stock Markets and it includes Stock, ETF’s Futures, Foreign Exchange & Bonds, all at no extra price, which means outstanding value for money combined with excellent support options.
2. MetaStock – Score 10/10
MetaStock starts at a very reasonable $22 per month which unlocks the entire package, and as you will see that is a great package, including Reuters real-time news feeds and award-winning technical analysis and expert advisors for system backtesting and analysis.
It is designed only for the PC but can be run on Mac with PC emulation software. You will need to download and install MetaStock and configure your specific data feeds for the markets you want to trade. So the software installation is not as slick and quick as competitors but the package is extremely powerful.
MetaStock has a clean sweep in terms of Stock Exchanges covered (e.g. All of them) and it covers ALL of the vehicles, stock, ETF’s Mutual Funds, Options, Futures Forex, and Bonds.
3. Stock Rover – Score 10/10
You can have Stock Rover for free, however, the real power of Stock Rover is unleashed with the Premium Plus service. Moreover, their top tier of service is not even expensive when compared to the competition.
How Much Does Stock Rover Cost?
- Free $0 – Scanning for 10,000 stocks, 43,000 mutual funds & ETF’s, broker integration, portfolio analysis & market news
- Essentials $7.99 US /mo – 5 years of historical data, 10 fair value and margin of safety ratings per month + earnings calendar
- Premium $17.99 US /mo – 350 fundamental metrics, 10 years of historical data, stock & ETF ranked screening. 10 stock ratings per month, 20 fair value & margin of safety ratings per month.
- Premium Plus(Recommended) – $27.99 US / mo – 10 years of historical screening, unlimited margin of safety and fair value scoring, unlimited stock warnings and stock ratings + analyst ratings scoring.
I strongly recommend going for the Stock Rover Premium Plus at $27.99 per month. Why? Because having used the service extensively, I cannot live without the unlimited stock ratings, analyst ratings scoring and the unlimited fair value and margin of safety scoring.
Stock Rover runs on PC, Mac, Tablets, and Smartphones and requires zero installation, it simply works. The market data, scoring, ranking, and analysis are for the USA & Canadian markets only.
4. TrendSpider – Score 10/10
Pricing starts at Free to try, but the real power comes in with PRO Trader Plan which starts at $24.75 per month. This includes Real-Time Data, NASDAQ, NYSE & Amex Stocks, ETF’s and surprisingly Cryptocurrencies. In this package, you also get unlimited lookups, trend detection, and 10 Dynamic Price Alerts + a free 30 minute personal one on one training session.
The Elite Trade Plan is $37.25 per month, has everything the PRO plan has and in addition includes after-hours and pre-market data, OTC, Forex and Futures data. On top of that, you get 20 Dynamic Alerts.
Considering you get real-time data the pricing is very competitive, in fact considerably lower than other charting software vendors.
5. TC2000 – Score 10/10
Worden Brothers continue their winning ways, which very competitive pricing starting at only $10 for the silver package. I would recommend gold to start with as you get a more powerful alerts engine and unlock the huge power of the Technical & Fundamental Scanning and Filtering that TC2000 is famous for.
TC2000 is aimed squarely at those trading Stocks, ETF’s, Mutual Funds and Options, specifically on the U.S.A and Canadian Markets.
The software is first class, runs on PC, Mac and Tablets SmartPhones, and requires zero complex configuration. The TC2000 mobile experience is also very nice and their App for iPhone and Android was highly recommended in our Best Stock Market Apps Review. Support is excellent both on the forums or via the phone where you get to speak immediately with skilled personnel in the U.S.
If you have not selected a Discount Stock Broker, you should look at TC2000 as an option, they have their own brokerage with extremely competitive rates which also means you get full integration so you can trade Stocks & Options directly from your charts, a huge bonus.
Back to Top
-Round 2: Best Stock Trading Software for Broker Integration, Live Trading From Charts & Position Management
-Trade ManagementBroker Integration Stocks✔✔✔✔✔✔✔✔✔✔✔Place Trades from Charts✔✔✔✔✔✔✔✔✔Live Position P&L✔✔✔✔✔✔✔✔✔✔P&L Analysis✔✔✔✔✔✔✔✔✔✔✔Trade Management Score10101099998865400Stock Market Software Review - Trade Management Comparison - Table 2Best Stock Trading Software for Broker Integration, Live Trading From Charts & Position Management
There are 4 clear winners in this section, those that offer direct integration from charts to trade execution, the 4 winners have been selected because of the unique features they offer.
1. TradingView – Score 10/10
As soon as you log in to TradingView and use an interactive chart you can see the Buy and Sell buttons hovering over the chart. You will need to login to your broker and set up the integrations.
So what is unique here?
They offer 13 integrations to Futures Brokers via CQG. They also integrate with Merril, Modalmais, and Alor for stock trading. Also included is forex integration with OANDA, Forex.com and Direct FX. The even uniquely has an integration to Poloniex for Cryptocurrency trading. An excellent and growing set of integrations.
2. TC2000 – Score 10/10
Worden Brothers make a clean sweep when it comes to trade management, with full Broker Integration, as long as you choose TC2000 Brokerage as your broker. The TC2000 brokerage offers great executions and low trading costs at $4.95 per trade.
TC2000 also offers fantastic Options trading and integration, you can scan and filter on hundreds of Options Strategies and then execute and follow them directly from the charts.
Good Profit & Loss tracking & Analysis round off the package.
3. EquityFeed – Score 10/10
EquityFeed has introduced the “Chart Montage” functionality, which enables an ultrapowerful way of trading off the charts.
This single window contains a wealth of critical trading information, including real-time streaming news, level 2 data, including time and sales. Also, Equity Feed is the only software to offer the Dollar Volume data.
The EquityFeed Team have a fantastic set of integrations to your broker to enable this, which includes RealTick, Sterling Trader, LightSpeed and most importantly TD Ameritrade and Interactive Brokers two of the powerhouses of the brokerage world. So, the chances are you are already covered by your broker of choice.
4. Stock Rover – Score 9/10
With Stock Rover, you get broker integration with practically every major broker, including our review winning brokers Firstrade and Interactive Brokers.
You cannot place trades from charts but it will take care of profit & loss reporting on your portfolio and provide recommendations for portfolio rebalancing. Including income (dividend) reporting and scoring it is a unique package.
Stock Rover is not for day traders, it is for longer-term investors that want to maximize their portfolio income and take advantage of compounding and margin of safety to manage a safe and secure portfolio.
5. Optuma – Score 9/10
With Optuma connected to your Interactive Brokers account you will get all the functionality you need to trade directly from charts and the advanced portfolio tracking and measurement. You will need to open an Interactive Brokers account, but why not as interactive brokers are widely considered to be one of the best and lowest cost stock brokers out there.
Back to Top
-Round 3: Best Stock Screener Integration – Fundamental & Technical Screening Integration
-Fundamental Scanning & ScreeningReal Time Scanning & Filtering✔✔✔✔✔✔✔✔✔✔✔✔✔Fundamentals Scanning✔✔✔✔✔✔✔✔✔✔✔Watch Lists with Fundamentals✔✔✔✔✔✔✔✔✔✔✔✔10 Year Historical Financial & Fundamentals✔Advanced Value & Income Investing RankingsFair ValueMargin of SafetyExtended Economics Fundamentals (New)✔✔Fundamental Screening Score10101099999987630Stock Market Software Review - Fundamental Analysis Comparison - Table 3
Best Stock Screener Integration – Fundamental & Technical Screening Integration
This round produced 4 winners with the best stock screener integration all tied with 10 out of 10 points. In fact, 7 of the 10 have very good stock screener fundamentals integration.
1. Stock Rover – Score 10/10
The new king of stock screeners & scanner has arrived. Stock Rover is the outright winner in our Top 10 Best Stock Screeners Review and deservedly so.
Another perfect 10 for Stock Rover as they hit the mark on company stock scanning and filtering, and fundamental watchlists also.
The list of fundamentals you can scan & filter on is truly huge. Any idea you have based on fundamentals will be covered with over 600 data points and scoring systems.
Watchlists have fundamentals broken into Analyst Estimates, Valuation, Dividends, Margin, Profitability, Overall Score and Stock Rover Ratings. You can even set the watchlist and filters to refresh every single minute if you wish.
The Excellent Stock Rover Ratings Engine
The team over at Stock Rover have implemented some great functionality, one I particularly like is the roll-up view for all the scores and ratings. Here I have imported the Warren Buffett portfolio which includes his top 25 holdings. I have also selected the “Stock Rover Ratings” tab. This “Stock Rover Ratings” tab rolls up all analysis into a simple to view ranking system, saving a huge amount of time and effort whilst providing a wealth of insight.
Stock Rover already has over 150 pre-built screeners that you can import and use. You do need to have the Premium Plus service to take advantage of this, I have reviewed many of them and they are very thoughtfully built. One of my favorites is the Buffettology screener.
2. TradingView – Score 10/10
TradingView has a very slick system and they have put a huge amount of thought into how fundamentals integrate into the analytics system.
Watchlists have fundamentals broken into Performance, Valuation, Dividends, Margin, Income Statement and Balance Sheet. You can set the watchlist and filters to refresh every minute if you wish.
What makes TradingView stand out is the huge selection of economic indicators you can map and compare on a chart. For example, you can compare the Civilian Unemployment Rate versus the growth in company profits for the U.S.A. This is incredibly powerful.
3. MetaStock – Score 10/10
MetaStock is owned by Thomson Reuters, who are without a doubt the biggest and best provider of real-time news and market analysis.
They also have an incredible database of global fundamental data, not just on companies but economies and industries. The filtering & scanning possibilities are endless. I would like to see better integration within the MetaStock suite, bringing together the fundamentals and the technical analysis to enable better charting on fundamentals. However, the wealth of data is first class, but you will need to pay extra for the Refinitiv Xenith upgrade
4. TC2000 – Score 10/10
I selected TC2000 as my tool of choice back in the year 2000 because it offered back then, simply the best implementation of fundamental scanning, filtering and sorting available on the market. 17 years later, they are still a leader in this section.
They offer a huge selection of fundamentals to choose from, but what makes it unique is the fact you can, with a few clicks, create your own indicators based on the fundamentals. You can then overlay the indicators directly on the charts, which opens up a whole new world and technical and fundamental analysis. 10 out of 10 for TC2000 again.
5. Optuma – Score 9/10
Optuma is squarely aimed, as you can see from the price, at professional traders and wealth managers. Their clients are tier one Wall Street investment houses. But you can still take advantage of their first-class solution. If you have a Bloomberg feed already established this also offers a new world of data and fundamental analytics. This slick integration of fundamentals into the charting and analysis means this is a significant improvement over a Bloomberg terminal.
[Related Article: The Best Stock Screener Services & Software Comparison]
Back to Top
-Round 4: Best Stock Trading Platform with Market News Services & Social Integration
-News &SocialNews Feed✔✔✔✔✔✔✔✔✔✔✔Real-Time News Feed✔✔✔MT NewsWire
$8 pm✔✔✔Economics & Deal NewsKiplinger
FuturesReutersDeal NewsBloomberg
RequiredMarket Commentary✔✔✔✔Bloomberg
Required✔Community Chat✔V12.5✔✔News Score1010988765542100Stock Market Software Review - News Services & Social Comparison - Table 4
Best Stock Trading Platform with Market News Services & Social Integration – Results
In the news and social section, there are only 2 winners, both for different reasons. Read on to learn more.
1. TradingView – Score 10/10
TradingView is built with social at the forefront and it is simply the best social sharing and ideas network for traders. Fully integrated chat systems, chat forums and an excellent way to share your chart ideas and analysis with a single click to any group or forum.
This makes for an excellent way to generate ideas or learn from other traders. You have to try it and see it in action to understand the power of the implementation.
Follow me on TradingView for regular market and stock analysis ideas and commentary.
They have also thoughtfully integrated a Kiplinger newsfeed, Stocktwits, and various FX newsfeeds. With a social-first development methodology, combined with powerful economy statistics and a solid newsfeed it is a great package.
2. MetaStock – Score 10/10
Stock Buy Or Sell Indicator
Thomson Reuters, the king of the real-time newsfeed and global market data coverage, is the owner of MetaStock, so you get the entire wealth of knowledge included in the package. This should not be underestimated.
MetaStock however, does not have any social elements, which under normal circumstances, would detract from the score, however, because the news feeds are so strong it still warranted a 10 out of 10.
3. EquityFeed – Score 9/10
In second place and definitely worth mentioning this year is the deal news section in EquityFeed.
I really like the simple implementation, you can get the low down on contracts and deals struck between companies. This can give you an edge if you can quantify the impact of the deal on the companies bottom line.
EquityFeed also has a strong focus on news, but it is let down by having no social integration.
[Related Article: Looking For The Best Standalone Real-Time News Service?]
Back to Top
-Round 5: Best Stock Analysis Software – Stock Charts, Indicators & Drawing Tools
-Technical AnalysisChartsMultiple Charts Per Desktop✔✔✔✔✔✔✔✔✔✔✔✔✔✔Bar Line HLC Candlestick✔✔✔✔✔✔✔✔✔✔✔✔✔✔Point & Figure✔✔✔✔✔✔Equivolume✔Premium✔✔OthersMarket ProfileKagi, Heikin Ashi, Renko, Line BreakHeiken AshiHeiken Ashi Market ProfileMarket ProfileIndicatorsBollinger Bands✔✔✔✔✔✔✔✔✔✔✔✔✔✔Directional Movement✔✔✔✔✔✔✔✔✔✔✔✔Ichimoku Cloud✔✔✔✔✔✔MACD✔✔✔✔✔✔✔✔✔✔✔✔✔✔Momentum✔✔✔✔✔✔✔✔✔✔✔Money Flow✔✔✔✔✔✔✔✔✔✔✔✔Moving Averages✔✔✔✔✔✔✔✔✔✔✔✔✔✔Parabolic SAR✔✔✔✔✔✔✔✔✔Rate of Change✔✔✔✔✔✔✔✔✔✔Relative Strength / RSI✔✔✔✔✔✔✔✔✔✔✔✔✔✔Stochastics✔✔✔✔✔✔✔✔✔✔✔✔✔Volume at Price✔✔ Raindrops✔✔✔✔✔Custom Indicator Development✔✔Coming Soon✔✔✔✔✔✔Volume✔✔✔✔✔✔✔✔✔✔✔✔✔✔Darvas Box✔✔Probability Box X✔Elliot Wave✔Gann Swing X✔Total Number of Indicators300+160+57+240+400+520+1451041122154321819Drawing ToolsTrend Lines✔✔✔✔✔✔✔✔✔✔✔✔✔Fibonacci Retracement✔✔ + AutoFib✔✔✔✔✔✔✔✔✔✔Fibonacci Time✔✔✔✔✔✔✔Fibonacci Fan✔✔✔✔✔✔✔✔Text Overlay✔✔✔✔✔✔✔✔✔✔✔Pitchfork✔✔Coming Soon✔✔✔✔✔✔Error Channel✔✔Gann Grid/Line✔✔✔Gann Fan✔✔✔✔✔✔Quadrant Lines✔✔✔Speed Lines✔✔✔Automated Alerts✔✔✔✔✔✔✔✔✔✔✔Advanced Features (New)Dynamic Alerts on Indicators/Trendlines✔✔✔✔Automated Trend Lines✔Multi Time-Frame Analysis✔Automated Fibonacci✔Technical Analysis Score1010101010999876644Stock Market Software Review - Technical Analysis Charts & Indicators - Table 5Best Stock Analysis Software – Stock Charts, Indicators & Drawing Tools
The technical analysis (charting) section is always extremely hard-fought and this year the competition was fierce. We have 4 winners with 10 out of 10, but another 3 with 9 out of 10. This means whichever package you choose you will be well covered with any of the first 7 on the list.
Let’s take a look at the winners for best charting software.
1. MetaStock – Score 10/10
MetaStock takes a clean sweep when it comes to Charting covering all the core chart types, but also includes, Point & Figure, Equivolume, and Market Profile charts.
When it comes to indicators, MetaStock has 300+ different types, including Darvas Box and Ichimoku Cloud. MetaStock will also help you develop you won indicators based on their coding system.
Finally, MetaStock racks up a perfect score on the drawing tools section, which includes Gann and Fibonacci tools.
2. TradingView – Score 10/10
TradingView has over 160 different indicators, covering everything you could possibly need and a lot more.
TradingView also has an exceptional selection of drawing tools including tools unavailable on other platforms such as extensive Gann & Fibonacci tools. 65 drawing tools and hundreds of icons for your charts, notes, and ideas.
So why does it score so highly and rank as a winner in this section?
I was incredibly impressed with the offering of Kagi, Heikin Ashi and Renko Charts including Point & Figure and Line Break. Also, the user community has developed indicators as exotic as Moon Phase (see the final bell review below for more details).
With this selection of charts, you have everything you will need as an advanced trader. Plus, with the Premium membership, you also get Level II insight, fully integrated. Well done TradingView.
3. TrendSpider – Score 10/10
The TrendSpider team continue to innovate, TrendSpider has moved into 3rd position in this hotly contested space. It does not have the most chart drawing tools or the most indicators or even stock chart types. But what it does have, has forced us to create a new category of advanced features for technical analysis, TrendSpider is doing something completely different.
6 Innovations Unique To TrendSpider:
- Automated trendline detection and plotting, this does a better job than a human can, using algorithms the system can detect thousands of trends-lines and flag the most important ones with the highest backtested probability of success.
- Automated multi time-frame analysis, which means being able to view multiple time-frame charts on a single chart with the trend-lines plotted automatically.
- Advanced plotting of support and resistance lines into a subtlely integrated chart heatmap.
- Automated Fibonacci Detection & Mapping – again unique to TrendSpider
- Integrated back-testing of automated trend-lines, showing win-rate, profitability and drawdown
- Raindrop Charts, a completely unique and intuitive way to visualize volume profile or volume at price action.
This has three huge benefits:
- It saves traders and professional analysts a lot of time and can provide an edge in the market.
- It uses mathematics & AI to help traders spot trends they would have missed.
- It helps beginners to learn how to draw trend lines.
4. TC2000 – Score 10/10
Telechart has an excellent array of technical indicators and excellent drawing tools, all the big ones are there, from OBV, RSI and Bollinger Bands to Fibonacci Fans and Andrews Pitchfork, they have also added Heiken Ashi Charts.
With over 70 different indicators you will have plenty to play with. They have also introduced live alerts which you can configure to email or pop up if an indicator or trend line is breached. Very useful indeed.
5. Optuma – Score 10/10
Another perfect 10 for Optuma. A fantastic array of 400+ technical indicators and drawing tools, specializing in Gann tools with a full suite including Gann Grid Lines, Gann Fans, and Gann Swing.
Also included are Elliott Wave and Darvas Box in fact, the full set of exotic indicators are present.
To top it off they have also implemented an excellent astrological analysis suite as an upgrade for those of you who believe in that sort of thing, yes commodity traders I am talking about you :).
Back to Top
-Round 6: Best Backtesting & Forecasting Software
-Systems & BacktestingSystem Marketplace✔✔✔✔✔✔✔✔Create Customizable Systems✔✔✔✔✔✔✔✔✔✔✔✔✔✔Back Testing Point & Click✔✔✔✔✔✔✔✔✔Back Testing Programmatic✔✔✔✔✔✔✔✔✔✔✔Forecasting (new)✔✔Automated Trendline Detection & Backtesting (New)✔Robotic Trading (new)✔✔Systems & BackTesting Score109888887445555Stock Market Software Review - Systems & Backtesting - Table 6Best Backtesting & Forecasting Software – Results
There is a big contrast between the competition in this round, with 1 clear winner, QuantShare. The difference in ratings is largely down to whether you need Robotic Trade Automation and Execution.
However, TradeStation does have robotic automation possibilities and is worthy of consideration. Also notable, although not a clear winner is NinjaTrader who also specialize in automation.
[Related Article: Looking For An In-depth Backtesting Software Comparison – The 5 Best Backtesting Platforms Review]
1. MetaStock Backtesting & Forecasting – Score 10/10
Another area where MetaStock excels is what they call the expert advisors.
MetaStock harnesses a huge number of inbuilt systems that will help you as a beginner or intermediate trader understand and profit from technical analysis patterns and well-researched systems. You can even use artificial intelligence like functionality to test a set of variables within your backtesting. You could for example test if price moves above the moving average 10,11,12,14,16,18 or 20, in a single test to see which of the moving averages best work with that stock. We have a great video on this in the MetaStock detailed Review.
This is really a key area of advantage. Also, the newest and most innovative addition to the MetaStock arsenal is the forecasting functionality which sets it apart from the crowd. Being able to forecast forward is unique and you can also set and test the parameters of the forecasting.
MetaStock Forecaster Capability
The biggest addition to the MetaStock arsenal is the forecasting functionality which sets it apart from the crowd. By selecting Forecaster from the power console, you can simply select one or more stocks, ETF’s or Forex pairs and click forecast.
You are then presented with an interactive report which enables you to scan through the many predictive recognizers which help you understand the basis for the prediction and the methodology.
2. TradingView Strategy Tester – Backtesting – Score 10/10
TradingView has an active community of people developing and selling stock analysis systems and you can create and sell your own with the Premium level service. Also, there are a huge number of indicators and systems from the community for free.
They have implemented backtesting in a very simple and intuitive way. In the image below I have implemented an in-built strategy called “Slow Stochastics” which initiates a trade when the stochastics indicators are oversold and sells when stochastics is overbought.
What I like is the fact that in a few clicks (Strategy Tester -> Add Strategy] you have results. You can also tweak the parameters of the strategy, as you can see above, an observe the results. Reporting is good, the tabs show you the profit performance of the strategy including:
- Net Profit
- Drawdown
- Buy & Hold Return
- % Profitable Trades
- Number of Trades
- Charts on trade performance, and much more.
I have even implemented my Stock Market Crash Detector strategy into TradingView, I am no developer but the Pine Script language is so easy, anyone can do it.
Market Replay
TradingView also has a market replay functionality which enables you to play through the timeline and shows you the chart scrolling and the trades executed, it is so simple and yet powerful to use. All buy and sell orders are drawn on the chart and highlighted. All in all a great package which is actually included in the free version.
The only things you cannot do is forecast and implement Robotic Trading Automation, but that is typically what broker integrated backtesting tools perform.
3. TrendSpider – Score 8/10
TrendSpider takes a different approach to backtesting. Because the platform is built from the ground up to be able to automatically detect trend-lines and Fibonacci patterns, it already has an element of backtesting built into the code.
The highest probability trend-lines are automatically flagged and you can adjust the sensitivity of the algorithm that controls the detection, so show more or fewer lines.
Adding to this, they have implemented a strategy tester that allows you to freely type what you want to test and it will do the coding for you. It is a slick and simple implementation which had me up and running in minutes. One of the elements I really like is the ability to adjust your backtest conditions on the fly and the “Price Behaviour Explorer” and “System Performance Chart” automatically update. You can jump into coding if you want to, but the key here is that you do not HAVE to.
4. Optuma – Score 8/10
Optuma is also featured in this section as a leader in the stock systems and backtesting arena.
The quality of the backtesting and advanced statistical analysis is due to the fact the CEO Mathew Verdouw and many of the development team are certified Chartered Market Technicians (CMT) and Certified Financial Technicians (CFTe) like myself. So the quality of the testing tools is first class.
Back to Top
-Back to Top
Round 7: The Best Online Stock Trading Software for Beginners
-Setup & UsabilitySoftware Setup10109109987555555Ease of Use Score10101089688766555Total Points 2020191818161615121111101010Stock Market Software Review - Usability - Table 7Round 7: The Best Online Stock Trading Software for Beginners – Results
Beginners need software that is intuitive and easy to use. There are big differences in the user experience between the different analysis software packages. While we have two clear winners in this section, I need to mention that TradeStation, EquityFeed, and Optuma are all excellent in this area. Optuma only scores lower because you will need a very powerful machine to run it well, so you need to invest in extra hardware.
1. TradingView – 20/20
TradingView is up and running with a single click due to its cloud-based HTML5 architecture. Click on the TradingView logo on the left and it will be instantly running. It does not get easier than that.
Even better is the fact it is already configured for use. All controls are intuitive and the charts look amazing. It is quite a feat that it is so easy to use considering TradingView has so many data feeds and backend power.
2. Stock Rover – Score 20/20
Within 15 minutes I was using Stock Rover no installation required and no configuring data feeds, it was literally just there. Stock Rover is up and running with a single click of the login button.
Even better is the fact it there are so many curated screeners and portfolios to import and use you are instantly being productive. It is quite a feat that it is so easy to use considering Stock Rover has so many powerful scoring and analysis systems.
3. TC2000 – Score 19/20
TC2000 is easy to use and yet very powerful. The interface design strikes the right balance between looking great and being instantly useful.
A heavy focus on watchlist management, flagging stocks, making notes and powerful scanning make is easy to use and master. Software setup is completed in a few minutes, but it also runs perfectly across devices.
4. TrendSpider – Score 18/20
Trendspider is also an HTML5 application, which means it works on any connected device, requires zero installation, zero data stream or data download configuration. This appeals to me a lot because with a single click you are up and running. Also, considering the complexity of the automatic calculations, the application runs swiftly taking just a few seconds to complete an entire analysis.
5. EquityFeed – 18/20
Finally, the last winner in this section is EquityFeed. After installation, this software is so intuitive to use you will waste no time getting stuck into research and wielding the excellent news service they offer. This has been a big improvement over the last few years.
[Related Article: In-depth Analysis Of The Best Stock Trading Platforms For Beginners]
Back to Top
-Final Bell: And the Stock Analysis Charting Winners Are…
As stated previously, no two products are identical, there are many strengths that are designed for each product to suit specific needs. As such, most of the packages can be recommended to a specific audience based on their strengths. In the following summary reviews, we look at the benefits of each package.
The 5 Best Stock Analysis Software Platforms – Overall
- TradingView – best for a great price, insanely good Fundamental & Technical Analysis across the global markets with stunning social integration and the best ease of use. Visit Tradingview
- MetaStock – best for traders, excellent real-time news, a huge stock systems market and powerful technical analysis with global data coverage & backtesting & forecasting ability. Visit MetaStock
- TrendSpider – best for all traders wanting cutting edge AI, auto trend line pattern recognition, system backtesting all at a great price. Visit TrendSpider
- TC2000 – best for U.S.A. & Canada investors who need powerful real-time fundamental screening and excellent trading from charts. Visit TC2000
- Stock Rover – best for U.S.A. & Canada Income & Value investors wanting the very best stock screening & scanning. Fair Value, Margin of Safety and the most complete set of ratings, the perfect choice for long-term investors. Visit Stock Rover
This list is the software with the most powerful technical chart analysis, indicators, charts, and studies.
The 5 Best Stock Trading Platforms – Broker Integration
- TradingView – integration with CQG, Oanda, Forex.com, and Poloniex for trading FX, Crypto, Stocks & more
- TC2000 – trade live off the charts with TC2000 Brokerage – Low Commissions
- EquityFeed – live trading integration with TD Ameritrade & Interactive Brokers
- Stock Rover – excellent broker integration to enable P&L analysis and portfolio management
- Optuma –
powerful technical analysis & Interactive Brokers integration
With these Stock Trading Programs, you can trade directly from the charts with broker integration
The 5 Best Stock Trading Software for Beginners
- TradingView – easy to use and ideal for beginners + social community
- Stock Rover – the most powerful & easy to use Stock Screener on the market today
- TC2000 – best for beginner traders in the U.S.A. with excellent trading from charts
- MetaStock – best for beginner day traders who want powerful real-time news & technical analysis
- TrendSpider – easy to use and helps beginners find trend lines and patterns using automation
The 3 Best Stock Software for Day Traders
- TradingView – a great price, insanely good Fundamental & Technical Analysis with stunning social integration and the best ease of use. Its the best day trading software if you use an integrated broker.
- TC2000 – best day trading software for U.S.A. & Canada investors who need powerful real-time screening and excellent trading from charts
- MetaStock – for day traders, excellent real-time news, a huge stock systems market and powerful technical analysis with global data coverage.
The Best Stock Analysis Sofware Programs – Detailed Reviews
-1. TradingView
Recommended for short-term & long-term investors who value a great price, insanely good Fundamental & Technical Analysis with stunning social integration and the best ease of use.
Price – Software $9.95 per monthPro’sConsTrade Commissions – See Broker★ Social First, Chat, Publish, Follow✘ No Real-time NewsRating★★★★★★ Easy System Development★ Ease of use, perfect for beginnersVisit TradingView★ Global Real-time Exchange Data★ Trade Cryptocurrency, Forex, Stocks – USA & Globally★ Great Stock ScreeningThere is no doubt about it, TradingView has stormed into the Review Winners section and is holding its place as number 1 overall. I love TradingView and use it every single day. I post charts, ideas, and analysis regularly and chat with other traders. Follow me on TradingView
Pricing & Software – 10/10 – You can have TradingView for free, it is a review winner for our Best Free Charting Software Review. However, there are limitations. I would recommend going for the PRO+ at $19 per month or the Premium at $39 per month, the benefits are extensive including priority customer support and unlimited everything.
Also, a huge benefit is that the data speed and coverage are mind-blowing, covering literally every stock market on the planet and not just stocks but ETF’s, mutual funds, futures, forex, bonds & cryptocurrencies AT NO EXTRA COST.
Trade Management Score – 8/10 – with TradingView you get full broker integration, you can place trades on charts and it will take care of profit & loss reporting and analysis for you. The only thing it does not cover is Stock Options trading.
Fundamental Scanning & Screening – 10/10 – Another perfect 10 for TradingView as they hit the mark on real-time scanning and filtering, and fundamental watchlists also. The list of fundamentals you can scan & filter on is truly huge. Any idea you have based on fundamentals will be covered. They even have insane amounts of economic data like Federal Funds Rates and World Economic Growth, thanks to a connection to the QUANDL database.
News & Social Community Score – 9/10 – as soon as you connect to TradingView you realize this is also developed for the community. You can look at community ideas, post your charts and ideas and join limitless numbers of groups covering everything from Bonds to Cryptocurrencies.
The news feeds are fully integrated, including Kiplinger, DailyFX, Futures Magazine, FXStreet, and StockTwits. Add that to the social network and you have a great solution. The news service is only second to MetaStock with their Reuters Feeds.
Technical Analysis Score – 10/10 – with over 160 different indicators, and unique specialty charts such as LineBreak, Kagi, Heikin Ashi, Point & Figure and Renko, you have everything you will need as an advanced trader. With the Premium membership, you also get Level II insight, fully integrated.
Did I mention the charts are fast and beautiful?
Systems, BackTesting & Automated Trading Score – 7/10 – Good but not perfect. TradingView has an active community of people developing and selling stock analysis systems and you can create and sell your own with the Premium level service. Also, there are a huge number of indicators and systems from the community for free.
The only things you cannot do is forecast and implement Robotic Trading Automation. For that, you would be better off with NinjaTrader, QuantShare or TradeStation.
Usability Points – 20/20 – within 5 minutes I was using TradingView, no credit card, no installation, no configuring data feeds, it was literally just there.
Watch this video overview of the benefits of TradingView
TradingViewWatch this video on YouTube
2. MetaStock
Recommended for day traders and those who need excellent real-time news, access to a huge stock systems market and powerful technical analysis with global data coverage all backed up with excellent customer services.
Price – Software $99 per monthPro’sConsTrade Commissions – N/A★ The Best Charts & Indicators Selection✘ PC OnlyRating★★★★★★ The Best System Back-testing✘ No Mobile AppSpecial Deal – 3 Months for the price of 1★ Real-time News from Reuters (with Refinitiv Xenith)✘ No Broker IntegrationVisit MetaStock★ Global Real-time Exchange DataThe latest release of Metastock XVI (16) has been a big hit with improvements across the board. Huge improvements in scanning, Back-testing, and forecasting making this one of the best offerings on the market.
Pricing and Software 10/10 – MetaStock is one of the biggest fish in the sea of stock market analysis software. Backed up by the mighty Thomson Reuters you can expect excellent fast global data coverage and broad market coverage including equities, futures, forex, ETF’s and options.
Trade Management 4/10 – MetaStock does provide broker integration but the execution of trades from charts and live integrated P&L analysis is limited.
Fundamental Scanning and Screening 10/10 – Using Refinitiv Xenith you can see a really in-depth analysis of company fundamentals from debt structure to top 10 investors, including level II. Excellent watch lists featuring fundamentals and powerful scanning of the markets gets a perfect 10
News 10/10 – MetaStock 12 has full Eikon integration with institutional level news, analysis, and outlook. This is the fastest global news service available on the market including translations into all major languages.
Technical Analysis 10/10 – Forex forecasting based on sentiment is a feature that is absolutely exceptional. Never mind the broadest selection of technical analysis indicators on the market today. MetaStock is the king of technical analysis warranting a perfect 10.
Stock Systems and Back Testing 9/10 – Another area where MetaStock excels is what they call the expert advisors. MetaStock harnesses a huge amount of inbuilt systems that will help you as a beginner or intermediate trader understand and profit from technical analysis patterns and well-researched systems. This is really a key area of advantage. The biggest addition to the MetaStock arsenal is the forecasting functionality which sets is apart from the crowd.
Ease of Use 12/20– MetaStock still has the feel of a collection of separately developed applications that require user’s education to make them work together. However, with the huge selection of automated “expert advisors” you can deploy on the selection of stocks in your purview make MetaStock well worth the investment.
Get A Free Trial + Discount of Award-Winning MetaStockRead the Full In-Depth MetaStock Review-3. TrendSpider
Recommended for all traders wanting cutting edge AI, auto trend line pattern recognition, system backtesting all at a great price.
Price – Software $27 per month (real-time)Pro’sConsTrade Commissions – N/A★ Automated Trend Line Detection✘ No Auto TradingRating★★★★★★ Automatic Multi-TimeFrame Analysis✘ No Social★ Simple & Powerful BacktestingFree 7 Day Trial★ Real-time Exchange Data Included in Price★ Automatic Fibonacci Trend Detection★ Stocks, ETFs, Forex, Crypto, Indices & FuturesThe TrendSpider team are innovating at breakneck speed, and the features they are innovating are unique to the industry. See below for our special innovation award.
Pricing and Software 10/10 – TrendSpider has an excellent price point starting at $27 per month, which includes real-time data. They have also expanded to cover Forex, Crypto, ETFs, and Futures, which means you can apply the stunning Auto Trend-lines and Multi Time-Frame Analysis on many different markets. The platform is built on HTML 5 and needs Zero installation and Zero data feed configuration. The system runs on all platforms from smartphones to PCs. Finally, I have tested the customer support and confirm it is excellent and you have a human to chat with whenever you like.
Technical Analysis 10/10 – Packed full of innovative technical analysis tools means that TrendSpider is catapulted to the top of this list. If you are a serious market analyst, then TrendSpider will help you do the job quicker, with better quality and help you to not miss an opportunity. Automated trendline detection and plotting, this does a better job than a human can, using algorithms the system can detect thousands of trends-lines and flag the most important ones with the highest backtested probability of success.
The multi time-frame analysis, which means being able to view multiple time-frame charts on a single chart with the trend-lines plotted automatically. Another great feature is the advanced plotting of support and resistance lines into a subtlely integrated chart heatmap.
Finally, Raindrop Charts, a completely unique and intuitive way to visualize volume profile or volume at price action.
Stock Systems and Back Testing 8/10 –Integrated back-testing of automated trend-lines, showing win-rate, profitability and drawdown are new additions and warmly welcome, the team is finally propelling TrendSpider into one of the leading technical analysis packages in the industry.
Ease Of Use 18/20 – TrendSpider’s innovations means you will need a little time to understand what they are telling you. For example, seeing hourly, daily, weekly trend lines plotted on the same chart might be confusing at first, but after applying a little effort you might find you cannot live without them. Still an excellent score on usability.
Try TrendSpider with a Free 7 Day TrialRead the Full TrendSpider Review-Best Stock Signal Alert Software Reviews
4. TC2000
Recommended for long-term investors in the U.S.A. & Canada with a fundamental bias who need powerful screening and excellent charts on all platforms.
Price – Software $89 per month (real-time)Pro’sConsTrade Commissions – $4.99 per trade★ Fantastic Charts & Indicators Selection✘ No Back-testingRating★★★★★★ The Best Technical & Fundamental Stock Scanning✘ No SocialSpecial Deal – $125 worth of Bonuses★ Trade Directly From ChartsOpen An Account★ Real-time Exchange Data★ Very Good Margin RatesTelechart has long been one of my favorite tools, I have been a subscriber for over 17 years and find the latest release v18.x to be another step forward. Endlessly customizable and scalable the platform offers nearly everything an investor will need.
Pricing and Software 10/10 – Telechart is a big hitter when it comes to software and pricing. Telechart runs on everything – your iPhone your Tablet, your Mac, and your PC. It is also priced very reasonably with a simple pricing structure.
Pricing and Software 10/10 – Telechart is a big hitter when it comes to software and pricing. Telechart runs on everything – your iPhone your Tablet, your Mac, and your PC. It is also priced very reasonably with a simple pricing structure.
If you trade U.S. Stocks, ETF’s or Mutual Funds, then this is a great solution. Worden Brothers also provide regular live training seminars across the U.S.A. which are of a very high quality.
Trade Management 9/10 – Worden recently released TC2000Brokerage offering discount brokerage services $4.95 per trade. This integration means a tight integration for trading stocks from the chart screen but also one of the best implementations of Stock Options trading visualization available.
Fundamental Scanning and Screening 10/10 – Make no mistake about it, if you want fundamentals screened in real-time layered with technical screens all integrated into live watch lists connected to your charts TC2000 is a power player.
News 8/10 – While Telechart does not have a perceivable real-time news element, it does have integrated news with connections to Google Finance, CNN, Yahoo Finance, MSN Money, Marketwatch, and StockTwits. If you want social community and integrated news, you will need to roll back to TC2000 v12.5.
Technical Analysis 9/10 – Telechart has an excellent array of technical indicators and drawing tools, all the big ones are there, from OBV, RSI and Bollinger Bands to Fibonacci Fans and Andrews Pitchfork. With over 70 different indicators you will have plenty to play with. They have also introduced live alerts which you can configure to email or pop up if an indicator or trend line is breached, very useful indeed.
Stock Systems and Back Testing 4/10 – if you want to perform powerful backtesting, then TC2000 is not for you. You may be able to utilize the add-on product called StockFinder if you are a Platinum Member and you specifically call to ask for it. However, StockFinder is no longer in active development, which is a shame because I think it is one of the very backtesting suites in the market.
Ease Of Use 20/20 – One of the easiest to use and most powerful packages available places the icing on the cake for the Worden Brothers.
Try a TC2000 30 Day Trial for Free NowRead the Full TC2000 Review-5. Stock Rover
Best for U.S.A. Canadian Value Investors Seeking An Insanely Good Fundamental & Financial Analysis Stock Research Software. Easy to Use Yet Extremely Powerful. This is Our Outright Winner
Price – Software $27 per month (Premium Plus) | Likes | Dislikes |
Trade Commissions – N/A | ★ Huge Selection of Fundamental & Financial Scanning Criteria | ✘ No Social Community |
Rating | ★ Incredible Stock Scoring Systems Allow You To Find Perfect Matches For Your Portfolio | |
★ Unique 10 Year Historical Fundamentals Data | ||
★ Warren Buffet & Ben Graham Screeners & Portfolios Fully Integrated | ||
★ The Best Usability & Setup |
Stock Rover – Best Stock Screener Review Winner 2019
It is really impressive that Stock Rover has stormed into the review winners section of our Stock Market Software Review in its first try. It is also the outright winner in our Best Stock Screener Review.
I now actively use Stock Rover every day to find the undiscovered gems that form the foundations of my long-term investments.
Stock Rover Pricing – 10/10. You can have Stock Rover for free, however, the real power of Stock Rover is unleashed with the Premium Plus service. Moreover, their top tier of service is not even expensive when compared to the competition. I strongly recommend going for the Stock Rover Premium Plus at $27.99 per month. Why? Because having used the service extensively, I cannot live without the unlimited stock ratings, analyst ratings scoring and the unlimited fair value and margin of safety scoring.
Stock Rover Platform – 10/10. Stock Rover runs on PC, Mac, Tablets, and Smartphones and requires zero installation, it simply works. The market data, scoring, ranking, and analysis are for the USA & Canadian markets only.
- Zero client installation – very quick setup
- Zero data downloads and data management required on the local client device
- Cross-device compatibility (PC, Mac, Tablet, Smartphone)
Stock Rover has the best implementation of stock screening on a cloud-based architecture on the market.
Trade Management Score – 9/10. With Stock Rover, you get broker integration with practically every major broker, including our review winning brokers Firstrade and Interactive Brokers.
You cannot place trades from charts but it will take care of profit & loss reporting on your portfolio and provide recommendations for portfolio rebalancing. Including income (dividend) reporting and scoring it is a unique package.
Stock Rover is not for day traders, it is for longer-term investors that want to maximize their portfolio income and take advantage of compounding and margin of safety to manage a safe and secure portfolio.
Fundamental Scanning & Screening – 10/10. Another perfect 10 for Stock Rover as they hit the mark on company stock scanning and filtering, and fundamental watchlists also.
The list of fundamentals you can scan & filter on is truly huge. Any idea you have based on fundamentals will be covered with over 600 data points and scoring systems.
Watchlists have fundamentals broken into Analyst Estimates, Valuation, Dividends, Margin, Profitability, Overall Score and Stock Rover Ratings. You can even set the watchlist and filters to refresh every single minute if you wish.
The team over at Stock Rover have implemented some great functionality, one I particularly like is the roll-up view for all the scores and ratings. Here I have imported the Warren Buffett portfolio which includes his top 25 holdings. I have also selected the “Stock Rover Ratings” tab. This “Stock Rover Ratings” tab rolls up all analysis into a simple to view ranking system, saving a huge amount of time and effort whilst providing a wealth of insight.
Powerful Pre-Built Screeners – Integrated into Stock Rover
Stock Rover already has over 150 pre-built screeners that you can import and use. You do need to have the Premium Plus service to take advantage of this, I have reviewed many of them and they are very thoughtfully built. One of my favorites is the Buffettology screener.
The Stock Rover Buffettology Screener – Screenshot
Stock Rover Screeners – Buffett’s Holy Grail
Here is another screener that I really like. If you select any screener, in this case, I selected the “Strong Buys Screener” the Fair Value Screener and simply select the “Fair Value” tab, you are rewarded with arguably the killer features of Stock Rover. The Fair Value and Margin of Safety analysis and rankings. These analysis factors are a nightmare to manually calculate yourself and it could be said, warrant the investment in Stock Rover all by themselves.
Fair Value and Margin of Safety Rankings
News & Social Media Integration Score – 8/10. Stock Rover pulls in information from Yahoo Finance and Benzinga News. The news feeds are not real-time but they are useful. As a long-term investor real-time news is not really a priority. If it is a priority for you, you can subscribe to Benzinga News separately. When it comes the social chat and community there is no perceivable service within Stock Rover.
Stock Charting & Technical Analysis Score – 6/10. Looking at stock charts with Stock Rover is different from all the other software vendors on the market. Whereas MetaStock & TradingView focus on hundreds of technical analysis (price/volume) indicators, Stock Rover focuses on charting the fundamental financial strength indicators.
With over 154 different financial indicators, and only 9 technical analysis indicators, Stock Rover is not the best service for technical analysis or frequent trading, but it is by far the most complete package for fundamental income and value investors. So, although this section is for technical analysis, they are so good with charting fundamentals I have rated them a score of 70%. Caveat – there are no possibilities to draw trend-lines or annotate charts in Stock Rover.
Systems, Backtesting & Automated Trading Score – 8/10. Again, we have to think of Stock Rover differently to other stock charting analysis packages. Stock Rover provides 10 years of backdated financial information and scanning possibilities, better than nearly every other stock screening package. However, automated trading and technical system backtesting is not part of the design remit. For that, you should look at MetaStock or TradingView.
Usability Points – 20/20. Within 15 minutes I was using Stock Rover no installation required and no configuring data feeds, it was literally just there. Even better is the fact it there are so many curated screeners and portfolios to import and use you are instantly being productive. It is quite a feat that it is so easy to use considering Stock Rover has so many powerful scoring and analysis systems.
Stock Rover Review Summary
Stock Rover wins our Stock Market Software review by providing the best software for value and income investors. A 10-year financials & fundamentals historical library plus incredible scanners including all of Warren Buffet & Ben Grahams favorite criteria. Fair Value, Margin of Safety and so much more. If you are a long-term investor, this is the software for you.
Open An Account With Stock RoverRead The Detailed Stock Rover Review-6. Optuma by Market Analyst
Optuma has been in the market for almost 20 years and they cater to individual investors as well as to fund managers
Also included are Elliott Wave and Darvas Box, the full set of exotic indicators are present. To top it off they have also implemented an excellent astrological analysis suite as an upgrade for those of you who believe in that sort of thing, yes commodity traders I am talking about you :).
7. EquityFeed
Recommended for Day Traders, who want a super simple and slick workflow, real-time streaming charts & news and unique Level II data, Dollar Volume Information & excellent broker integration
Price – Software $135 per monthPro’sConsTrade Commissions – See Brokers★ Great Off The Shelf Stock Screening✘ PriceyRating★★★★★ Intelligent Real-Time NewsSpecial Deal – None★ Great Ease Of UseOpen An Account★ Great Suite Of Broker IntegrationsWith their slogan “Find It, Trade It, Profit” EquityFeed is considered a gold standard for Day Traders.
This single window contains a wealth of critical trading information, including real-time streaming news, level 2 data, including time and sales. Also, Equity Feed is the only software to offer Dollar Volume data.
The EquityFeed team has a fantastic set of integrations to your broker to enable trading from the charts, which includes TD Ameritrade and Interactive Brokers two of the powerhouses of the brokerage world.
I really like the simple implementation, you can get the low down on contracts and deals struck between companies. This can give you an edge if you can quantify the impact of the deal on the companies bottom line.
EquityFeed also has a strong focus on news, but it is let down by having no social integration.
I have been extremely impressed with the progress EquityFeed is making in their product and carving out their Day Trader niche.
Try EquityFeed NowGo to the Full In-Depth EquityFeed Review8. QuantShare
QuantShare was new to me and I was pleasantly surprised with the feature set.
There is a heavy focus on the sharing aspect of systems with sharing servers which enable people to connect and share systems, perfect for the quantitative analyst.
This means they have a huge systems marketplace with a lot of accessible content that you can test and use.
If you have a programmatic mind you can implement and test an endless list of possibilities. They do also offer Point & Click implementation of systems also. What is great is they also have Artificial Intelligence integrations via the AI Optimizer, which allows for the system to combine different rules to see which rules work best together.
They also have powerful prediction models using Neural Networks.
This is seriously advanced software for those with the inclination to test, forecast, predict and automate.
The Most Innovative Newcomer Award 2019
-The new kid on the block, Trendspider is doing something very different and innovative to separate itself from the crowded stock chart analysis software market. It solves the problem of too much time spent doing analysis, drawing trendlines, tweaking indicators and analyzing timeframes.
Automatic Trend Lines, Automatic Support & Resistance Lines, and Multi Time-Frame Analysis are new to the industry and will change it moving forward.
Automated Trendline Detection
The automated trendline detection saves a lot of time for traders, speeds up trade preparation in the morning, and improves accuracy. The TrendSpider algorithm uses mathematics to correlate all the bars on a chart and then draw the lines. It highlights the touches at peaks and troughs in a price trend. As a technical analyst, this is how you are supposed to do it, the more times a price touches the trend line and reverses the stronger the trend. Therefore, if a price breaks through a strong area of support and resistance it is more predictive. If you do not like a trend that the AI has used you can manually delete it or fine-tune them. With this capability, you can have a complete trendline analysis on any chart in a few seconds.
Start a Free TrendSpider TrialMulti-Timeframe Analysis
Here is where is get even more interesting, the Multi-Timeframe Analysis can be used to super-impose trendlines or indicators from different timeframes onto a single chart. It may seem a little complex at first, but when you get used to it, it makes a lot of sense. Instead of constantly switching timeframes and redrawing trendlines it is simplý there. It is not just for trendlines though you can use it with the array of 42 stock chart indicators to ensure you do not miss anything. Dan Ushman the company founder uses it in his trading especially with indicators like Bollinger Bands and with trendlines which help expose things other traders miss when they are focused on one timeframe or one indicator at a time.
One thing I also really like is the price indicator analysis, you can let the application plot, name and highlight your Japanese Candlestick patterns of choice. Want to find Evening Doji Stars, Hammers or Engulfing Patterns? Just turn on the pattern recognition it is that easy.
Software & Pricing
Trendspider is an HTML5 application, which means it works on any connected device, requires zero installation, zero data stream or data download configuration. This appeals to me a lot because with a single click you are up and running. Also, considering the complexity of the automatic calculations the application runs swiftly taking just a few seconds to complete an entire analysis.
Pricing starts at Free to try, but the real power comes in with PRO Trader Plan which starts at $7 per month. This includes Real-Time Data, NASDAQ, NYSE & Amex Stocks, ETF’s and surprisingly Cryptocurrencies. In this package, you also get unlimited lookups, trend detection, and 10 Dynamic Price Alerts + a free 30 minute personal one on one training session.
The Elite Trade Plan is $37.25 per month, has everything the PRO plan has and in addition includes after-hours and pre-market data, OTC, Forex and Futures data. On top of that, you get 20 Dynamic Alerts. Considering you get real-time data the pricing is very competitive, in fact considerably lower than other charting software vendors.
[Related Article: Top 10 Best USA Stock Brokers – Compared, Tested & Reviewed]
Dear Readers/Vendors- this review was established to the best of our abilities with no intended inaccuracies. There are over 800 data points in this review if you spot any inaccuracies within this content please contact us here to have it corrected immediately.
-So now it’s over to you, did you find this review useful, do you agree or disagree, have you found better software to be included in the review?
Let us know, leave a comment below or share with friends.
Back to Top