TC2000 vs. Tradestation – A Detailed Comparison
Discover our detailed comparison of TC2000 and Tradestation to help determine which is best for you. Whether you’re a seasoned trader or just starting out, choosing the right platform can significantly impact your trading experience.
To make your research easier, we manually found key data for TC2000 and Tradestation across the internet and compiled it all in this article.
- Pricing: $8-$50/month
- Charges commissions for stock & options
- Includes basic volume profile and indicators
Overview of TC2000
TC2000 is a stock and options trading brokerage that also provides charting, screening, and options charting capabilities. While the software is good, there are various cheaper brokers available that do not charge for equity trading and have lower options commission, such as thinkorswim and tastytrade.
✓ Pricing: $8-$50/month
✓ Charges commissions for stock & options
✓ Includes basic volume profile and indicators
TC2000 is Best For
TC2000 is best for traders who don’t mind paying extra for advanced features like IB SmartRoutingSM, which helps ensure you get the best order fills. However, similar and cheaper brokerages like tastytrade provide excellent order fills, and charge significantly less commissions. If you are looking primiarly for a charting platform, consider using TradingView since most of its features are free to use.
Overview of Tradestation
TradeStation is a brokerage firm that caters to active traders and very serious investors who demand a comprehensive platform with advanced trading features and analytical tools. While TradeStation is a solid brokerage, options traders must be aware of the abnormally high exercise fees.
✓ Backtesting tools
✓ Integrate with TradingView
✓ Best for active traders
Tradestation is Best For
TradeStation is best suited for traders who need a sophisticated trading environment. Its platform might be overwhelming for beginners but is highly appreciated by experienced traders for its depth, flexibility, and range of professional-grade tools.
Key Characteristics of TC2000 and Tradestation
| Platform | Platform Type | Tradeable Assets | Charting Features | Data | Premium Pricing |
|---|---|---|---|---|---|
| TC2000 | Brokerage Platform | Stocks, ETFs, & Options | Downloadable desktop platform, no free options | Must buy real-time data | $8-$50 per month |
| Tradestation | Brokerage Platform | Stocks, ETFs, Mutual Funds, Options, Futures, Futures Options, Crypto, Forex | Downloadable and web trading platforms | Real-time data with funded account | No premium features |
Trading Features and Tools
| Platform | DRIP | Margin Trading | Insurance | Mobile App |
|---|---|---|---|---|
| TC2000 | No | Yes | SIPC Insured | Yes |
| Tradestation | No | Yes | SIPC Insured | Yes |
Trading Costs and Commissions Compared
| Fee Type | TC2000 | Tradestation |
|---|---|---|
| Equity Commission | $1 + $0.005 per share | Free |
| Option Commission | $1 + $0.65 per contract | $0.60 per contract |
| Futures Commission | No futures | $1.50 per contract, $0.50 micro |
| Futures Options Commission | No futures options | $1.50 per contract |
| Option Exercise Fee | None | $14.95 fee at expiration, early exercise is $1.50 per contract with $5,95 minimum |
TC2000 vs Tradestation – Bottom Line
Choosing between TC2000 and Tradestation depends on your specific trading needs, preferred trading tools, and the type of assets you’re interested in.
Both platforms offer distinct advantages, but by considering the detailed comparison above, you can select the one that aligns best with your trading strategy and goals.
For more detailed reviews and comparisons, continue exploring our other articles on brokerage platform comparisons.
What is the Overall Best Charting Software?
I have reviewed and used nearly every trading platform available, and I believe that TradingView is the best overall charting software available. Here are some reasons why:
- All of TradingView’s key features are free to use
- TradingView provides real-time data for free whenever possible
- You are not tied to a single broker and can use whichever you want while charting on TradingView
- You can track all markets on a single platform, including stocks, ETFs, crypto, forex, and futures.
- TradingView has an excellent economic calendar and various screeners
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