AI Stock Profits Review 2020

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Contents

Top 10 Best Online Stock Trading Software Platforms Review 2020

800 Comparisons & 4 Winners. The Webs Most In-Depth Stock Trading Software Platform Review. MetaStock vs TradingView vs TC2000 vs TrendSpider & More

Table of Contents

Welcome to the most detailed Stock Trading Software Review on the planet.

I have been trading and investing for 21 years as a professionally certified market analyst. I have also been using and testing stock market software for over 10 years.

In this review, I compare over 800 different features & functions across 30 products.

Top 10 Best Stock Market Trading Software Platforms

Why? So you can choose the very best package available to suit your investing style and budget. You can also compare head to head all of the benefits, features, and prices.

If you are short on time, simply scroll down to see the Top 5 Review Winners

The Best Online Stock Trading Software Platforms Summary

  • Best Stock Trading Software Platform: TradingView
  • Best for Price: TradingView — TC2000 — TrendSpider
  • Best for Live Trading off Charts: TC2000 — EquityFeed
  • Best for Social Trading & Ideas: TradingView
  • Best for Stock Screening: Stock Rover — TC2000 — TradingView
  • Best for Technical Analysis Charting: MetaStock — TrendSpider — TradingView
  • Best for Real-Time News: MetaStock + Refinativ
  • 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

Top 5 Best Stock Analysis Software Programs Winners

1. TradingView — Overall Winner & Best Social Trading Community

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 — Free Pro’s Cons
Trade Commissions — See Broker ★ Social First, Chat, Publish, Follow ✘ No Real-time News
Rating ★★★★★ ★ Easy System Development
★ Ease of use, perfect for beginners
Launch TradingView Now ★ Global Real-time Exchange Data
★ Trade Cryptocurrency, Forex, Stocks — USA & Globally
★ Great Stock Screening

TradingView — Winner Best Overall Trading Platform

There 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.

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.

TradingView Software Download for PC — TradingView is an HTML 5 application that runs in the cloud. This means you do not need to download any software for the PC or Mac. When you launch TradingView the HTML 5 code downloads to your PC browser automatically and it simply works. You can easily launch TradingView in a browser by clicking this link — Launch TradingView Charts.

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.

Moving Averages Ribbon — Beautifully Implemented In TradingView

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.

TradingView — Insanely Beautiful Charts, with a massive selection of indicators. This Chart Feature Moon phase and Darvas Boxes

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 thing you cannot do is forecast and implement Robotic Trading Automation. For forecasting, you are better off with MetaStock,

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. TradingView works with a single click

Watch this video overview of the benefits of TradingView

*If you register for TradingView, let me know by connecting to liberatedstocktrader on TradingView & I will send you the Liberated Stock Trader Crash Detector Training Course & Book worth $49 for free.

2. MetaStock — Winner Technical Analysis, Forecasting & Backtesting

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 month Pro’s Cons
Trade Commissions — N/A ★ The Best Charts & Indicators Selection ✘ PC Only
Rating ★★★★★ ★ The Best System Back-testing ✘ No Mobile App
Special Deal — 3 Months for the price of 1 ★ Real-time News from Reuters (with Refinitiv Xenith) ✘ No Broker Integration
Visit MetaStock ★ Global Real-time Exchange Data

MetaStock — Winner Best Backtesting, System Trading & Analysis Platform

The latest release of Metastock XVII (17) is a big hit with improvements across the board. Huge improvements in scanning, backtesting, and forecasting make 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.

3. Stock Rover — Winner Stock Screening & Fundamental Analysis

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
Visit Stock Rover ★ The Best Usability & Setup

Stock Rover — Best Stock Screener Review Winner 2020

It is really impressive that Stock Rover has stormed into the review winners section 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. Using Stock Rover I have created multiple screening strategies for dividends and value investing that I cannot live without now.

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 has 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 — Simply The Best Stock Screener — The Warren Buffet Scan

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 Warren Buffet Screener — This screener is based on criteria described in the bestselling Buffettology book. The company should have a 10-year track record of generally increasing EPS with no negative earnings years; long-term debt, not more than 5 times annual earnings; average ROE over the past ten years at least 15%, average ROIC over the last 10 years at least 12%, and earnings yield should be higher than the long term Treasury yield.

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. Read more about setting up your Warren Buffett stock screener with StockRover

Fair Value and Margin of Safety Rankings

Stock Rover — Fair Value & Margin of Safety Indicators

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 Graham’s favorite criteria. Fair Value, Margin of Safety and so much more. If you are a long-term investor, this is the software for you.

Try Stock Rover + Get A Bonus* Read The Detailed Stock Rover Review

*If you register for Stock Rover, contact me and let me know your username & I will send you the Liberated Stock Trader Crash Detector Training Course & Book worth $49 for free.

4. TC2000 — Winner Market Scanning & Broker Trading

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’s Cons
Trade Commissions — $4.99 per trade ★ Fantastic Charts & Indicators Selection ✘ No Back-testing
Rating ★★★★★ ★ The Best Technical & Fundamental Stock Scanning ✘ No Social
Special Deal — $125 worth of Bonuses ★ Trade Directly From Charts
Open An Account ★ Real-time Exchange Data
★ Very Good Margin Rates

Telechart 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.

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 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 that 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 support to ask for it. However, StockFinder is no longer in active development, which is a shame because I think it was a very good backtesting suite.

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.

TC2000 30 Day Trial for Free Now + Bonus* Read the Full TC2000 Review

*If you register for TC2000, contact me and let me know your username & I will send you the Liberated Stock Trader Crash Detector Training Course & Book worth $49 for free.

5. TrendSpider — Winner Best AI Trading Software & Analysis Automation

Recommended for all traders wanting cutting edge AI software, auto trend line pattern recognition, system backtesting all at a great price.

Price — Software $27 per month (real-time) Pro’s Cons
Trade Commissions — N/A ★ Automated Trend Line Detection ✘ No Auto Trading
Rating ★★★★★ ★ Automatic Multi-TimeFrame Analysis ✘ No Social
★ Simple & Powerful Backtesting
Free 7 Day Trial ★ Real-time Exchange Data Included in Price
★ Automatic Fibonacci Trend Detection
★ Stocks, ETFs, Forex, Crypto, Indices & Futures

TrendSpider — Winner for Innovation, Automation & Use of AI

The TrendSpider team are innovating at breakneck speed, and the features they are innovating are unique to the industry with trendline automation, pattern recognition and multi-timeframe analysis.

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.

TrendSpider — Automating Stock Chart Analysis

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 mean 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.

TrendSpider Market Scanner — New in 2020

TrendSpider is developing new features at breakneck speed, but this one is big. The latest innovation from the TrendSpider team is the “Market Scanner”. This enables you to not only scan a specific stock but the entire market for stocks matching your technical criteria. This is a major step forward, combining AI trend detection and analysis with to ability to scan the entire stock market.

*If you register for TrendSpider, contact me and let me know your username & I will send you the Liberated Stock Trader Crash Detector Training Course & Book worth $49 for free.

Stock Trading & Analysis Software Platforms Comparisons

  1. Best Stock Trading Software Platform for Price, Quality & Customer Service
  2. Best Stock Trading Software for Broker Integration & Live Trading from Charts
  3. Best Fundamental Analysis Software with Financial Stock Screening
  4. Best Software Programs for Real-time Stock News Analysis & Social Trading
  5. Best Stock Technical Analysis Software, Stock Market Charting & Indicators
  6. Best Software for Market Prediction, Forecasting & Backtesting + AI Trading
  7. Best Online Stock Trading Software for Beginners
  8. Top 5 Winners: The Best Stock Charting Trading Software Summary Reviews.

Best Stock Software Platforms for Price, Quality & Customer Service

  1. TradingView: Free — Best for Stocks, ETF’s, Forex, Crypto & Social — Recommended Pro Service $12.95 /mo
  2. MetaStock: $22 — Great Technical Analysis Package, Recommend MetaStock R/T, Real-time News & Data $99 /mo
  3. Stock Rover: Free — The Best Stock Screening & Fundamental Analysis Package, Recommend PRO+ $28 /mo
  4. TrendSpider: $11 — The Best Automated Technical Analysis Software — Recommend Elite for $47 /mo
  5. TC2000: $10 — Best for Fundamental & Technical Charts, Scans & Trading, Recommend Gold for $30 /mo

This round was extremely competitive with 5 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.

Comparison Table — Price, Quality & Service

Vendor TradingView MetaStock StockRover TrendSpider Telechart Optuma EquityFeed QuantShare TradeStation eSignal NinjaTrader ChartSmart VectorVest ProfitSource
Pricing & Software
Monthly End of Day $ Free
Pro $13
Pro+ $25
$22 Free
Essentials $8
Premium $18
Premium Plus $28
Silver $10
Gold $30
$82 N/A $245 Lifetime License $249 or Free For Clients $37.95 $50 or Free for Clients $43 $59
Monthly Real Time $ Premium
$50
$99 $27 -$69 Platinum $90 $207 $135 –
$250
$595 Lifetime License $349 or Free for Clients $120 $110 $129 $1295
Software Only Fee $ $449 $245 $999
Customizable Data Feeds IQFeed. GFT, MT4, Bloomberg
Customer Service & Education Excellent Excellent Excellent Excellent Excellent Excellent Email Only Email Only Excellent Excellent OK Email Only OK AUS Time Zone
PC
For MAC
Tablets Smartpones
Market Data Coverage Global Global U.S.A. / Canada U.S.A. U.S.A. / Canada Global U.S.A inc. OTC Global Global Global Global U.S.A. / Canada US Global
Data Speed Excellent Excellent Good Excellent Excellent Excellent Excellent Good Excellent Excellent Excellent OK OK OK
Stocks
ETF
Mutual Funds
Options
Futures
Forex
Bonds
Crypto (new)
Pricing & Software Score 10 10 10 10 10 9 9 9 8 8 8 5 4 2

Stock Market Software Review – Pricing & Software Comparison – Table 1

Best Stock Trading Software for Broker Integration & Live Trading From Charts

  1. TradingView — Best for Live Trading from Charts for Stocks, Crypto, Forex. Includes USA Broker Tradestation
  2. TC2000 — Best for Live Stock & Options Trading Using the Integrated TC2000 Brokerage
  3. EquityFeed — Good integration for customers of Interactive Brokers, TD Ameritrade or LightSpeed
  4. Stock Rover — Best for Stock Portfolio Management with Integration to Every Major Broker
  5. Optuma — Good Integration for Interactive Brokers Customers, But No Live Trading From Charts

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 integration to Poloniex for Cryptocurrency trading. An excellent and growing set of integrations now includes TradeStation for USA clients.

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 has 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.

Comparison Table — Broker Integration & Chart Trading

Trade Management
Broker Integration Stocks
Place Trades from Charts
Live Position P&L
P&L Analysis
Trade Management Score 10 10 10 9 9 9 9 8 8 6 5 4 0 0

Stock Market Software Review – Trade Management Comparison – Table 2

Best Fundamental Analysis Software with Financial Stock Screening

  1. Stock Rover: By Far the Best Stock Screener & Fundamental Analysis Software On The Market Today
  2. TradingView: Best for Screening & Analysis of ETF’s, Fx & Cryptocurrency. A Good Stock Screener Also.
  3. MetaStock: Best for Institutional Grade Financial Analysis & Screening, but You Need MetaStock +Refinative
  4. TC2000: Best for Real-time Scanning of Financial & Technical Indicators Across the Entire U.S.A & Canadian Markets
  5. Optuma: Combined With Bloomberg, Optuma Represents a Good Solution Although Pricey

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 has 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 — Simply The Best Stock Screener — The Warren Buffet Scan

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.

Comparison Table: Fundamental Analysis Software & Stock Screening

Fundamental Scanning & Screening
Real Time Scanning & Filtering
Fundamentals Scanning
Watch Lists with Fundamentals
10 Year Historical Financial & Fundamentals
Advanced Value & Income Investing Rankings Fair Value
Margin of Safety
Extended Economics Fundamentals (New)
Fundamental Screening Score 10 10 10 9 9 9 9 9 9 8 7 6 3 0

Stock Market Software Review – Fundamental Analysis Comparison – Table 3

Best Software Programs for Real-time Stock News Analysis & Social Trading

  1. TradingView: The Undisputed King of Social Trading & Ideas Sharing, with a Good News Service
  2. MetaStock: The Best Real-time News Service powered by Reuters Global Financial News
  3. EquityFeed: A Solid, Well Organized Real-time News Service

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

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.

Comparison Table: Real-time News & Social Trading

News &
Social
News Feed
Real-Time News Feed MT NewsWire
$8 pm
Economics & Deal News Kiplinger
Futures
Reuters Deal News Bloomberg
Required
Market Commentary Bloomberg
Required
Community Chat V12.5
News Score 10 10 9 8 8 7 6 5 5 4 2 1 0 0

Stock Market Software Review – News Services & Social Comparison – Table 4

Best Technical Analysis Software, Stock Charting & Indicators

  1. MetaStock — Best for The Most Powerful Technical Analysis, Charting & Indicators. Plus a Huge Trading Systems Marketplace
  2. TradingView — Great for Beautiful Stock Charts & a Large Selection of Indicators and Drawing Tools
  3. TrendSpider — Best for Saving Time by Automating Technical Analysis using AI & Machine Learning
  4. TC2000 — A Great Package with Excellent Charting & Indicators + Ability to Create Personal Indicators
  5. Optuma — Great for Exotic Charts Like Gann, Elliott Wave & Darvas Box

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 the 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 your own 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:

  1. 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.
  2. 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.
  3. Advanced plotting of support and resistance lines into a subtlely integrated chart heatmap.
  4. Automated Fibonacci Detection & Mapping — again unique to TrendSpider
  5. Integrated back-testing of automated trend-lines, showing win-rate, profitability and drawdown
  6. Raindrop Charts, a completely unique and intuitive way to visualize volume profile or volume at price action.

This has three huge benefits:

  1. It saves traders and professional analysts a lot of time and can provide an edge in the market.
  2. It uses mathematics & AI to help traders spot trends they would have missed.
  3. 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 :).

Comparison Table: Technical Analysis Charting & Indicators

Technical Analysis
Charts
Multiple Charts Per Desktop
Bar Line HLC Candlestick
Point & Figure
Equivolume Premium
Others Market Profile Kagi, Heikin Ashi, Renko, Line Break Heiken Ashi Heiken Ashi Market Profile Market Profile
Indicators
Bollinger 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 Indicators 300+ 160+ 57+ 240+ 400+ 520+ 145 104 11 22 154 32 18 19
Drawing Tools
Trend 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 Score 10 10 10 10 10 9 9 9 8 7 6 6 4 4

Stock Market Software Review – Technical Analysis Charts & Indicators – Table 5

Best Stock Market Prediction Software, Backtesting, Forecasting + AI Trading

  • MetaStock: Simply the Best Market Prediction, Forecasting & Backtesting Suite on the Retail Market Today
  • TradingView: Powered by Pine Script you can Create Any Backtesting System You Can Imagine
  • TrendSpider: Best for using AI to Detect Patterns Which You Can Easily Backtest.

There is a big contrast between the competition in this round, with 1 clear winner MetaStock with its excellent forecasting functionality. 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 specializes in automation.

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.

The Wonderful MetaStock Forecasting Tool

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, and observe the results. Reporting is good, the tabs show you the profit performance of the strategy.

TradingView Backtesting Reporting:

  • 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 not a 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 and the backtesting 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.

TrendSpider BackTesting Entry & Exit Point Chart

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.

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.

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.

Comparison Table: Stock Prediction Software, Backtesting, Forecasting + AI Trading

Systems & Backtesting
System Marketplace
Create Customizable Systems
Back Testing Point & Click
Back Testing Programmatic
Forecasting (new)
Automated Trendline Detection & Backtesting (New)
Robotic Trading (new)
Systems & BackTesting Score 10 9 8 8 8 8 8 7 4 4 5 5 5 5

Stock Market Software Review – Systems & Backtesting – Table 6

The Best Online Stock Trading Software for Beginners

  • TradingView — Easy to use for beginners, intuitive and a huge social community to help.
  • Stock Rover — For Beginners to Value Investing Simply the Easiest & Most Powerful Stock Screener & Portfolio Management Software
  • TC2000 — After Installation, TC2000’s in Build Template Gets Beginners Up & Running Quickly
  • TrendSpider — One Click & It Works, A Smooth Clean Interface & Good Support Ensures a Good Experience
  • EquityFeed — A Slick & Easy To Use Interface

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 — Score 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 18/20

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. The 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.

Comparison Table: Best Software for Beginners

Setup & Usability
Software Setup 10 10 9 10 9 9 8 7 5 5 5 5 5 5
Ease of Use Score 10 10 10 8 9 6 8 8 7 6 6 5 5 5
Total Points 20 20 19 18 18 16 16 15 12 11 11 10 10 10

Stock Market Software Review – Usability – Table 7

Summary: Top 5 Best Stock Analysis Software Platforms

  1. 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
  2. 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
  3. TrendSpider — best for all traders wanting cutting edge AI, auto trend line pattern recognition, system backtesting all at a great price. Visit TrendSpider
  4. TC2000 — best for U.S.A. & Canada investors who need powerful real-time fundamental screening and excellent trading from charts. Visit TC2000
  5. 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 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

Runners Up Review Summaries

6. Optuma by Market Analyst

Recommended for professional frequent trading investors, who value a slick touch-enabled interface that operates well with Bloomberg feeds and terminals adding premium features and the best Gann Analysis toolset on the market.

Price — Software from $82 per month Pro’s Cons
Trade Commissions — see Broker rates ★ Great Technical Analysis ✘ Pricing Targeting Professional Investors
Rating ★★★★ ★ Good Broker Integration ✘ Social
Special Deal — N/A ★ High-Quality Back-testing
Visit Optuma ★ Great Customer Satisfaction

Optuma has been in the market for almost 20 years and they cater to individual investors as well as to fund managers

Pricing 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.

Breakthrough Astrological Charts with Optuma

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 implemented

News & 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.

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 :).

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.

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 month Pro’s Cons
Trade Commissions — See Brokers ★ Great Off The Shelf Stock Screening ✘ Pricey
Rating ★★★★ ★ Intelligent Real-Time News
Special Deal — None ★ Great Ease Of Use
Open An Account ★ Great Suite Of Broker Integrations

With their slogan “Find It, Trade It, Profit” EquityFeed is considered a gold standard for Day Traders.

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.

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.

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.

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.

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.

I have been extremely impressed with the progress EquityFeed is making in their product and carving out their Day Trader niche.

8. QuantShare

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 Time Pro’s Cons
Trade Commissions — See Broker ★ Perfect For Quants Wanting To Automate Trading ✘ Programming Knowledge Required
Rating ★★★★ ★ Sharing Servers For System Sharing ✘ Interface
★ Active Community
Open An Account ★ Very Good Back-Testing

QuantShare was new to me and I was pleasantly surprised with the feature set.

Pricing 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.

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.

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.

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.

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.

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 it with friends.

Notes on the Review: Liberated Stock Trader partners with the best companies in the investing business. See our Partners Page for more information.

38 COMMENTS

I like IB’s platform. Not really a fan of Tradestation, as its platform feels a bit old and clunky.

Hi Barry-I just signed up for the 30 day trial for TradingView Pro+ and found that they don’t provide forward PEs. Probably one of the most important fundamental indicators used to evaluate a company. Any idea why they wouldn’t provide that – or do they and I just can’t find it? Also, what do you think about StockRover? No realtime data feed so not optimal

you are correct I took a look and tradingview does not have a Forward P/E, I raised the topic for you on the forum, perhaps we get a reply. Regarding Stock Rover, I have never heard of it before, perhaps I will include it in a future review. Thanks for your comment.

I want to stock scanner software

Barry-thought Vector Vest would have scored higher in most areas, their ranking system is so simple & efficient. Will def. look at tradingview and tc2000, any input would be appreciated.-Eric

Hi Eric, good question. I know Vectorvest has its fans, but based on the criteria of the testing, technical analysis, access to markets, backtesting, forecasting, social.. it did not score too well. What are your experiences of the signals from VectorVest, do you make money based on its recommendations? I would be interested to hear from you.

Hi Barry appreciate the extensive detail you went into. What initially brought me here is I’m seeking quality equivolume charts. I see you’ve got tradingview listed as a possibility. They’re my main source for charting and would love to use equivolume on their platform. Unfortunately I haven’t been able to find anything about it on their main site. Do you know where to direct to me to or have other recommendations for equivolume charts? Metastock definitely looks interesting. Looking for crypto support though.

May be too much of an ask for equivolume AND crypto. Still would greatly appreciate any input on the situation.
Thanks, Dylan

Hi Dylan, thanks. From the vendors I reviewed, Equivolume is available in tradingview premium, metastock and quantshare. I studied equivolume but never found a great use for it as it makes it impossible to draw trend-lines because the bars change width. I guess you have a nice system based on it. �� Best of luck with your trading. Let me know how you get on.
Barry

Great job Barry on these!! Well done, 5 Stars for you!! ��

Thanks Joseph, I am glad you like it ��

Barry, amazing analysis! Which provider or platform you would recommend for automated robot of mechanical trading system developed by me ? Thank you

Have you heard of or reviewed “DSS Smart Equities Program” trading software?

Hi Ed, no I have not. Let me take a look in the next round of reviews.

thanks for the comment

Hey, really cool article.
I was just wondering though how Ninjatrader compares to Metastock in terms of automated trading.
Also, what do you think is the most comfy automated trading platform?

Oh yeah, and there’s no MetaTrader there, is it depreciated or something?

Hi Anton, we have Metatrader covered in this review, as it is mostly provided free when you sign up with a broker.
https://www.liberatedstocktrader.com/best-metatrader-brokers-mt4-mt5/
Barry

Hi Anton, thanks for the comment. Ninjatrader does have automated trading, Metastock does not.
https://www.liberatedstocktrader.com/top-10-best-stock-market-analysis-software-review/#Comparison_Table_Stock_Prediction_Software_Backtesting_Forecasting_AI_Trading
The 2 options you have for fully automated trading are Ninjatrader and Tradestation.
Barry

Which software is better for the country like India, Bangladesh, Pakistan, Nepal here the need of trading software is growing?

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eToro Review 2020: What It’s Really Like For Trading?

  • Relatively high spread costs compared to other platforms
  • $200 minimum deposit

Disclaimer: eToro is a multi-asset platform which offers both stocks and cryptoassets, as well as trading CFD assets. Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail trader accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Cryptocurrencies are a highly volatile unregulated investment product. No EU investor protection. Past performance does not guarantee future results. Trading history presented is less than 5 years and may not suffice as basis for investment decision.

Important Note: If you’re based in the USA, please check our eToro USA review first as not all features of eToro are available in the US yet.

eToro is probably the most popular online stock trading platform for people curious about starting online trading in 2020.

With an easy to use Facebook style interface and the prospect of “easy money” via its CopyTrader and CopyPortfolio system, it’s easy to see why eToro is especially attractive to beginners.

eToro is also one of the best cryptocurrency currency platforms to trade on too, especially if you’re new to crypto.

But does it really live up to the hype?

Is it really as simple as automatically copying top traders?

We looked at the reality behind the headlines in our in-depth eToro review for 2020.

Note that if you’re interested in stock trading on Mac, you’ll also find our guide to top stock trading software on Mac useful too.

What is eToro?

Big time trading in stocks and shares has traditionally been the preserve of Wall Street traders but a combination of financial deregulation and the internet has brought stock market trading to the masses. eToro has taken that one step further and made dealing in Forex, stocks and shares easy enough for anyone to profit from.

The question most people want to know right from the start however is can you profit from eToro?

The answer is a definite “yes” but with a big caveat – you have to know how to use it properly.

There’s no such thing as “easy money” in online trading but eToro certainly makes it easier.

Imagine if you mixed Facebook with a stock trading platform and you get a pretty basic idea of what eToro is all about. Although some other trading platforms have copied the eToro social trading model, eToro was the first to do it back in 2020 via what it then called the “OpenBook” social trading platform.

eToro has in fact been in the trading business since 2006 when it was known as RetailFX. Although RetailFX started life as a Forex trading platform, it was eventually renamed eToro and now allows you to buy anything from Forex, stocks and shares to mutual stocks with a user base of approximately 5 million traders worldwide.

It’s no exaggeration to say that if you entered the market at the right time, you could effectively trade profitably on eToro by simply signing up for an account, making a few clicks to copy top traders and instantly start making a profit on your capital.

The reality is that you have to spend time choosing your top traders carefully and then monitor them closely but by doing so, you can realistically expect steady returns – certainly a lot more than leaving it in the bank.

For example, after a month of trading around $73,000 virtual currency, our profit was just over $7,000 (see screenshot below) but throughout the month profit fluctuated to more than double this.

This was partly due to copying traders who were having a particularly good month due to the boom in crytpocurrencies such as Bitcoin and Ethereum but there were huge peaks and troughs during that time and you should be prepared to ride out the troughs.

Indicative prices for illustration purposes. Indicative prices; current market price is shown on the eToro trading platform.

One thing to remember is that it’s your risk when you copy a trader – you can’t blame them if things turn sour and the market turns against them.

What we like about eToro though is that you can easily interact with traders via their wall, similar to how Facebook works. Traders can justify trades to copiers this way if they want to, share interesting or exciting news about a stock or generally just socialize with others.

Is eToro Available In The USA?

eToro has been available in Europe since 2007 although it was only rolled out in the USA in 2020 due to trading regulations.

At the moment, you can only trade cryptos with eToro USA although the full service is planned for rollout in 2020.

However, it is only available in some states. According to eToro:2

As of July 2020, Real trading is available to US residents in: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Kentucky, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Montana, New Jersey, New Mexico, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Texas, Utah, Vermont, Virginia, Washington, Washington D.C., West Virginia, Wisconsin and Wyoming.

Real trading is also available to residents of the Northern Mariana Islands and the United States Minor Outlying Islands.

For the moment, not all markets are available to trade and certain features are disabled. This is why you will see certain buttons grayed out (such as the option to open SELL trades) and will not be able to comment on the News Feed.

You can read more about this in our eToro USA review.

Is eToro a scam?

We can guarantee you that eToro is definitely not a scam and because it operates worldwide, it is regulated by multiple agencies.

Wherever you are located, eToro will be regulated by at least one financial authority in your region. In Europe for example, eToro is regulated by both CySEC in Cyprus and in the UK by the Financial Conduct Authority (FCA) in the UK.

It also complies and operates under the EU Markets in Financial Instruments Directive (MiFID).

In Australia, eToro is regulated by the Australian Securities and Investments Commission (ASIC). As such, eToro has to comply with strict financial regulations just like a bank does.

We have however noticed that there are some eToro complaints and reports from users claiming that “eToro is a scam” regarding their customer service and withdrawals. Many complaints seem to over problems with payouts because users have not verified their address and phone number with eToro.

Until eToro has verified your identity, it will not payout on any profits so it’s important that you make sure you submit the right documents (more on this below).

If you don’t like the idea of eToro requesting a copy of your passport or national ID for identification purposes, then it’s definitely not for you. Unverified accounts are limited to a maximum deposit of $2250 until verification is complete.

Claims that eToro is actually ripping-off users by somehow manipulating market data simply don’t stand-up to scrutiny however.

The reason for this is that eToro has a vested interest in users making the money – the more money you make, the more money eToro makes from spreads (see section on how eToro makes money below).

All eToro’s financial instruments are based on the same stock markets and indices that other trading platforms are based on. The only difference is the price of their spreads compared to other stock trading platforms.

The bottom line is that eToro is legit but profit and loss is entirely down to how you use it.

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eToro can help you trade wisely but it can’t be held responsible for any money you lose.

What is eToro’s CopyTrader system?

What makes eToro stand out from the competition is it was the first to pioneer “Social Trading” and in particular, the CopyTrader system which simply allows you to copy the trades of top traders and profit with no prior trading knowledge.

It sounds too good to be true and the reality is that it’s certainly not quite that easy but if you choose traders wisely, you can definitely make decent returns on your trades.

The eToro CopyTrader system is perfectly legit – you just need to know how to use it cautiously and effectively which we’ll go into in more detail later in this review.

Indicative prices for illustration purposes. Indicative prices; current market price is shown on the eToro trading platform.

However, you should be aware that no trader no matter how good they are can predict the direction of the markets over the long-term, especially when it comes to something as volatile as Forex.

Even if a trader has millions of people copying them, it can all go horribly wrong in an instant. A good recent example is the Brazilian stock market which had been making big gains in 2020 and then suddenly plummeted 10% on 18th of May and was even temporarily shut down as news of a political scandal broke.

The financial markets are extremely sensitive to political instability and as we’ve seen with political shocks such as Trump and Brexit, are increasingly hard to predict for political analysts and stock traders alike.

This is why it’s extremely important to use stop-loss (also known as stop-outs) to automatically pull put of trades if the market takes a sudden turn for the worse. As an added safety measure, eToro only allows you to trade up to 20% of your equity in one trader so avoid the risk of losing it all if it all suddenly goes wrong for a top trader.

Finally, there will always be traders out there looking to make an easy buck. This means that statistically, they may appear successful but behind the numbers they are hiding trades that are either incredibly risky or that could blow up at any minute.

In the past, traders could appear successful by not setting a stop-loss in their trading but eToro has now made this much harder by using a traders percentage “gain” over a set period of time as a barometer of success. We look at how to avoid copying scam traders later on in this eToro review.

How does eToro make money itself?

eToro is completely free to use although you need to sign-up with a minimum of $50-1000 depending on your region. However, you can sign-up and use a demo account absolutely free with no real money.

There are also no commissions on withdrawals or deposits (although there are withdrawal fees for withdrawing profits from your eToro account). In Forex trading, eToro makes most of its money from what’s called the “spread” – the gap between the buy and sell price – measured in “pips” – that it leverages.

This means that you pay above the odds for trading on eToro compared to other stock trading platforms but unlike other services, there’s no direct commission to pay on trades.

Bitcoin transactions for example include a 225 pip spread but currencies such as EUR/USD, USD/RUB USD/CHF and USD/CAD are typically 3 or 4 pips but this can go a lot higher for less commonly traded currencies. eToro also charges a very small fee for positions held overnight.

eToro’s spreads and fees are frequently subject to change though and you can check the latest fees here.

It’s worth reiterating that eToro has a vested interest in making sure that you trade well because the more profit you make, the more it makes from spreads.

How to sign-up for an eToro demo account

Although eToro doesn’t have a Mac desktop client, it works on any platform or computer because it’s completely browser-based. This in itself is a plus – there’s nothing to install, nothing to update and no incompatibility issues with different versions of macOS or Windows.

Using any browser-based software always has some security risks but stock trading sites such as eToro are generally watertight because of the financial sensitive data they’re dealing with.

You’ve got little to worry about security wise from using eToro in a browser although if you want to use an app, you can use the eToro mobile app for iPad, iPhone and Android.

One slightly curious thing we found about eToro is that nowhere on the website does it show you how to sign-up for a demo account.

Almost all trading platforms offer a demo or paper trading account so that you can practice with pretend or fake currency before taking the plunge.

However, it’s actually very easy to sign-up for an eToro demo. You simply sign-up for an eToro account and then switch eToro from “Real” to “Virtual” currency in the dashboard.

To sign-up for an eToro account, go to the eToro home page and fill in the sign-up form with your name, create a username, create a password and enter your telephone number. Note that when you create your username, you don’t have to use your real name.

However, if you plan on trying to become a top trader yourself, it may be wise to as it’s more likely to ensure that other traders trust and copy you. If other traders copy you, you also earn a share of their profits in what eToro calls the Popular Investor program.

Your phone number is used to verify your account if you intend to trade for real. If you just want to use the demo account for now, you don’t need to verify your account but you still need to enter a phone number anyway.

As soon as you signup, you’re taken straight into the main eToro dashboard. You will immediately be prompted to “complete your profile” but you can dismiss this as it’s only necessary if you’re planning to start trading cash for real straight away.

If you’re just going to try a demo account first, you can dismiss it. To activate the demo account, you simply go to the Menu on the left and change “Real” to “Virtual”.

You’ll then be prompted to confirm that you want to switch to a Virtual Portfolio:

If you do intend to take the plunge straight away (which we don’t recommend before at least trying the demo) and trade for real, you will need to fill in a profile and prove your identity via a national ID card or passport.

This is because eToro is regulated by financial service authorities in the country that your trading from and just like a bank that deals with people’s money, it has to adhere to certain rules and regulations. This is good in terms of peace of mind that eToro is a reputable financial organization but it does add the extra hassle of needing to scan and send in some form of ID.

Once sent and verified, your ID should be verified pretty quickly but it’s important to provide the correct information. It’s important you provide the right documents as any delay will result in a delay on any payouts you want to take from eToro.

The failure to provide the right information, especially regarding addresses, has led to some people claiming “eToro is a scam” because eToro will not payout until all information has been verified.

You can still trade while awaiting verification though but if your verification fails for any reason, you won’t be able to withdraw any profit you’ve made.

Information required in the profile includes your address (which is not displayed publicly), trading experience, attitude towards risk, financial status and finally, phone verification via SMS or call.

You can transfer money into your eToro account via several different methods including wire transfer, credit card, PayPal, Skrill, Neteller, WebMoney and MoneyBookers.

How to choose the best eToro traders to copy

Once you’ve activated the eToro demo, you’ll magically see $100,000 of currency appear in your Virtual Equity in the bottom right corner of your screen. You can do whatever you want with this and not lose a penny of real money which is where the fun really starts.

Indicative prices for illustration purposes. Indicative prices; current market price is shown on the eToro trading platform.

For most people who have opened an eToro account, the CopyTrader system is the biggest attraction and starting point. Just copy the top traders and watch the dollars roll in right? Like anything that sounds too good to be true, it’s not quite that simple.

There are some serious pitfalls and things to be aware of before you trust another trader. The main thing is to be very careful which traders you choose to copy. Here we show you how to systematically avoid these pitfalls, so that you’ve got a much greater chance of making consistent gains with eToro.

We also highlight a few essential identification requirements that are necessary before you can even start trading on eToro.

Here’s how to start copying the best traders on eToro in little more than few clicks:

  • Go to the left hand menu and select Copy People:

You’ll now see profiles of hundreds of successful traders on eToro. The criteria you choose for the traders you choose to copy is the most crucial aspect of making money on eToro. If you get this wrong, you’ll end up losing far more than you gain. If you get it right, you’ll have a much bigger chance of making some serious money.

Don’t just choose the traders that eToro recommends or highlights on in the main window. The apparent massive gains that accompany their profile pictures don’t always tell the full story.

You’re looking for stable, regularly active traders that have a track record of making steady returns for at least 12 months. Traders that have made spectacular gains of more than 50% in the last 7 days may be using high risk trading strategies that are not viable long-term.

  • To narrow it down to the kind of reliable, steady traders that are worth copying, click on the Filter button in the Menu Bar across the middle.

There are several different parameters and settings you can configure here. You don’t have to understand each one of these and you can just copy the settings that we’ve used below. Most of them are self-explanatory relating to how active the traders are.

You’ll notice that under “Status” some traders are labelled as “Verified”. This simply means that they are using their real name and photo in their eToro profile. Although this is meant to give you more confidence that they are trustworthy traders to copy, it really isn’t essential.

There are some good traders who prefer not to use their real name or photos who still make good money. The important thing you should be looking for is their performance, rather than theur identity.

The cool thing about CopyTrader is that if you choose who to copy wisely and start making serious money, you will also be recognized as a Popular Investor and attract other users to copy you. As a result, you will earn a commission on any profits they make which compounds any profit you’ve made by copying others yourself.

The cut you get depends on how many people follow you but a top trader can expect to get 2% annually of any amounts that others copy them with. Some top traders manage more than $300,000 of other people’s money – so 2% is not to be sniffed at.

Once your money is traded, you’ll immediately see your money working for you in real-time. The most interesting view is the Portfolio view which shows how your money is performing in real-time. This gives a clear overview of which of your CopyTraders are performing the best.

Indicative prices for illustration purposes. Indicative prices; current market price is shown on the eToro trading platform.

What are CopyPortfolios?

CopyPortfolios are a unique feature of eToro that bring the Copy Trader concept with Mutual Stocks trading. CopyPortfolios are a collection of stocks that spread risk.

So for example, the BigTech CopyPortfolio includes Microsoft, Google, Apple etc. If one company performs badly but others perform better than it balances out the risk of putting your assets in just one company.

The basket is selected by the what eToro calls its “Investment Committee” which are basically portfolio managers.

eToro also provides alternative ways of trading such as via the Trending R7 where eToro automatically selects the most copied traders on a monthly basis and aggregates them into one lot.

This is quite an exciting development in eToro as portfolios are generally one of the most reliable financial instruments you can use over the long-term. Harnessing the copy trading power of eToro with the earning potential of CopyPortfolios is therefore potentially highly profitable indeed. In our tests, we found that CopyPortfolios were extremely profitable compared to copying individual traders but they were also more volatile.

Like most mutual stocks, CopyPortfolios are a meant to be long-term vehicles that you leave alone over time to grow and you will notice a lot of volatility on a daily basis. As you can see from the performance BigTech in 2020, the performance was up 20%.

Note however that the minimum trade in a CopyPortfolio is $5000 so if you don’t have the kind of capital, you can’t participate in one.

What’s the downside?

eToro is generally an excellent starting point for anyone interested in getting into stock trading. However, it’s definitely not for everyone. One of the biggest and most obvious problems is that not all stock trading on eToro is available in the US yet although cryptocurrency trading is now

For experienced traders, eToro will also feel quite basic and limited, especially when it comes to technical analysis. There are no advanced services such as DMA, STP, ECN or VPS for example. For more detailed technical analysis of stocks, you’ll definitely need some third-party technical analysis software to help you drill-down data.

If you actively monitor the CopyTrader and CopyPortfolio system however and use it cautiously, eToro is a far better idea than jumping into the stock market for the first time and trying to trade on your own.

Don’t Trade With More Than You Can Afford To Lose

Finally, it should go without saying that you should never trade more in eToro than you can afford to lose. Financial markets can be very volatile turning suddenly or unexpectedly and even the best traders lose money. You need a strong stomach to ride out the peaks and troughs of trading and you can even end up losing everything if the market turns on you.

One way you can protect yourself from this is by using stop-outs so that your trades are stopped once the market falls below a certain value. Another is to approach trading with a long term view. Traders rarely make big gains over the short haul but are rewarded for persevering over the long term.

However, the best advice of all is to only risk capital than you can afford to lose. We would never recommend using eToro as your main source of income. If you trade only what you can afford to lose and see eToro as a bit of fun, you can’t go too far wrong.

Disclaimer: eToro is a multi-asset platform which offers trading in stocks and cryptoassets, as well as CFD assets. Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail traders accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can a afford to take the high risk of losing your money. Cryptocurrencies are a highly volatile unregulated investment product. No EU investor protection. Past performance does not guarantee future results. Trading history presented is less than 5 years and may not suffice as basis for investment decision.

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The Best 5G Stocks to Invest in for 2020 – up to 139% Profit Potential

By Mike Stenger , Associate Editor , Money Morning • January 29, 2020

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If you’re wondering where to invest in 2020, there are few better places than 5G stocks.

5G is the biggest tech trend set to take shape over the next 12 months. And 5G speeds are igniting entire new sectors like driverless autos and robot surgery.

5G also promises faster entertainment, to boot.

These flashy tech trends were only talked about in 2020. But in 2020, they’ll be a reality.

But the biggest winners won’t be the flash firms shooting rockets or designing some new form of artificial intelligence, they’ll be the engine behind it all.

That makes today’s stock picks the surest path to profit in the 5G industry and the best 5G stocks in 2020.

In fact, one of our best 5G stocks right now could soar 139% over the next 12 months.

Here’s our first.

The Best 5G Stocks to Invest in for 2020, No. 3: Taiwan Semiconductor Manufacturing

Semiconductors are at the heart of the 5G revolution. And Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE: TSM) is at the heart of the semiconductor business.

These are the chips that power 5G devices. This company happens to supply chips to none other than Apple Inc. (NASDAQ: AAPL).

In fact, this year’s iPhones – Apple’s first 5G phones – will be powered by the world’s most advanced 5-nanometer chip technology by Taiwan Semiconductor. The only other company using this technology from Taiwan Semiconductor is Huawei, China’s leading mobile provider.

So Taiwan semiconductor serves two of the leading mobile companies in the world as it unleashes its next-generation 5G products.

Our NEW Premium Stock Pick could double in the next 12 months. But the window is closing fast to get in on the BIGGEST gains. With a major catalyst just days away, the time to move is now. Click here to get the pick.

Taiwan semiconductor has profited over $300 billion in the last three years. And total revenue has been on a steady incline, rising by an average of 3.7% over the last three years.

That’s going to give the stock a solid 26% bump from today’s $57.48 to $74 when the time comes.

The Best 5G Stocks to Invest in for 2020, No. 2: Iron Mountain

5G will enable new methods of collecting data from voice assistants and wearables. Insurance companies will even be looking to more accurately assess risk with this data.

That’s just one example. But customer data will take on a whole new level of importance in 2020.

There will be a lot of it, and there will need to be a place to put it.

That’s where Iron Mountain Inc. (NYSE: IRM) comes in. This is a data storage company that currently serves over 90% of Forbes 1000 businesses, with data centers all around the world.

For the reasons mentioned above, its services aren’t going out of demand anytime soon. In fact, its demand will surge beyond measure.

This year, analysts expect the stock to climb 28%, from $32 to $41. That’s not an incredible gain, but it’s solid. And if it’s not enough, IRM pays a dividend over 7%, more than three times the average S&P 500 yield.

But it’s still not our best 5G stock for 2020. Here’s a potential 139% gainer…

10 Stocks With the Highest Profit Growth in 2020 According to Goldman

Focusing on stocks with high projected earnings growth is an investment strategy for 2020 suggested by the portfolio investment strategy group at Goldman Sachs, led by David Kostin, their chief U.S. equity strategist. Drawing upon data from FactSet Research Systems, Goldman lists the 100 stocks in the S&P 500 Index that are forecasted to deliver the largest year-over-year percentage increases in earnings per share (EPS) during 2020, based on consensus analyst estimates.

For this analysis, Goldman included stocks in all 11 sectors of the S&P 500. The top 10 in terms of projected 2020 EPS growth rates are: Charter Communications Inc. (CHTR), 88%, Netflix Inc. (NFLX), 63%, ExxonMobil Corp. (XOM), 39%, Facebook Inc. (FB), 36%, Bristol-Myers Squibb Co. (BMY), 34%, Adobe Inc. (ADBE), 27%, Amazon.com Inc. (AMZN), 26%, Nvidia Corp. (NVDA), 26%, Fiserv Inc. (FISV), 26%, and Qualcomm Inc. (QCOM), 24%.

Key Takeaways

  • Goldman Sachs has identified stocks will high forecasted EPS growth.
  • Since stock prices follow earnings, these stocks may outperform.
  • However, current prices may already anticipate such high growth.

Significance for Investors

The projected 2020 average EPS growth rate of 9% for the entire S&P 500 would be a major improvement over the 0% actual growth rate for 2020, based on current estimates. Looking at sectors, those expected to do better than the index are: energy, 19%, materials, 16%, industrials, 14%, consumer discretionary, 13%, real estate, 12%, and information technology, 10%.

In 2020, Goldman notes that information technology beat the S&P 500. Additionally, out of 27 sectors, styles, and strategies tracked by Goldman, information technology, communication services, and financials were among the six that outperformed the S&P 500.

The 10 stocks that are expected to lead in terms of 2020 EPS growth represent a number of industries. Bristol-Myers Squibb is a drug maker. Abobe is a software provider. Facebook is a leading social media company, whose properties also include Instagram, Messenger, and WhatsApp, and sells Oculus 3D glasses used by video game players. Netflix offers video streaming. Charter Communications offers TV, internet, and voice services under the Spectrum brand. ExxonMobil is an oil exploration, refining, and distribution company. Nvidia and Qualcomm are semiconductor manufacturers. Amazon.com is a leading online retailer and provider of cloud computing services. Fiserv is a financial services technology company, including applications in payments processing.

Looking Ahead

The market is forward-looking, and big boosts in EPS during 2020 may be already priced in. If so, any earnings disappointments may send their shares tumbling.

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