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TC2000 Broker Review

 

TC2000 is an online broker that offers award-winning proprietary trading software with competitive commission rates and excellent customer service. Their software is powerful and full of customization features with robust charting, scanning, alerts and order management tools. It has been awarded best analytical software under $500 by the readers of Stocks & Commodities for the 24 years straight! If that doesn’t spark your interest, then I don’t know what will. They also offer Trader Workstation by Interactive Brokers that is linkable to your TC2000 broker account. Both platforms are great for active traders and will provide you with the tools you need to navigate the fast moving markets.

When I looked into opening an account with TC2000 I was met with great customer service, which is something I value in any business, but especially one that is holding my money. They were professional and attentive in helping decide which options were best for me and how to get my account funded so I could start trading as soon as possible.

 

Cost

TC2000 offers excellent commission rates with stocks and ETFs costing a $2 base plus half a cent per share. So if you trade only 100 shares it will cost you $2.50 per trade but if you trade 1000 shares it will cost $7.00. The more quantity you trade the less favorable commission prices scale compared to other brokers who don’t chart a base rate with the per share cost. For options they have a great commission structure as well with a $2 base plus 75 cents per contract.  One of the cheaper option brokers is TradeKing which offers options commissions at $4.95 plus $0.65 cents per contract. Even at this discount, TC2000 is still much cheaper. For example, 10 contracts at TradeKing would cost you $11.45 but at TC2000 it would only cost you $9.50, a 17% savings. Those savings will add up over the long run keeping more money in your account for you to trade with.

 

Unfortunately, TC2000’s software is not free with an account but there are few different options to choose from. There is a gold and platinum package with the standard gold package cost you $29.99 per month but includes streaming charts with indicators, paper trading, watch lists and a bunch more.  You can also choose to pay for one full year upfront for $299.90 or for two years for $539.82 allowing to save some money for the longer term commitment. The platinum package includes everything in the gold package plus you get auto refresh streaming scan results, auto-refresh sorting and unlimited indicator and trendline alerts. This package will run you $89.98 per month or you can choose to pay for the year at $899.80 or for two years at $1619.64. Honestly, I didn’t find that much value in adding the platinum package so went with the gold and was happy with my choice. If you would like more information on their packages and prices you can check out their price page.

 

Final Thoughts

TC2000 has proven itself as an excellent broker that has met or exceeded my expectations. Their customer service was excellent and were happy to assist me in opening my account and getting it funded. They were professional and took the time to make sure I understood all my options that would best fit my needs. Their software is powerful with robust charting and order entry tools that will help you get in and out of trades quickly. If you’re interested in more information, check out their website or give them a call!

 

As always if you have any questions or comments regarding TC2000, please leave us a message below!

 

 

 

Reviews by Warrior Trading

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