Best for Investors buying Stocks, Options & ETF’s directly from Charts using award-winning TC2000. Also, take advantage of incredibly low margin rates.
TC2000 Brokerage Review Ratings
|TC2000 Brokerage Rating||4.1/5.0|
|💸 Trades & Commissions||★★★✩✩|
|📈 Trading Platform||★★★★★|
|📰 Research & News||★★✩✩✩|
|💵 Account Opening Balance||★★★★★|
TC2000 Brokerage Review Summary
This TC2000 Brokerage review recommends it for investors buying Stocks, Options & ETF’s directly from charts using award-winning TC2000. Also, take advantage of low margin rates. TC2000 Brokerage is a relatively new offering from Worden Brothers Inc. This is a well-established company offering one of the best stock analysis software packages around.
TC2000 Brokerage: Features
|⚡ Features||Charts, Watchlists, Easy Scanning|
|🏆 Unique Features||Trading from Charts, Options Strategies|
|🎯 Best for||Stock Traders & Investors|
|♲ Subscription||Monthly, Yearly|
|💰 Cost Per Stock Trade||$4.95|
- Excellent Trading Platform
- Excellent Trading From Charts Implementation
- Very Low Margin Rates
- Excellent Customer Satisfaction
- Lack of News & Research
- No Futures or Forex
- $4.95 per Stock Trade
What is TC2000 Brokerage?
TC2000 Brokerage is a relatively new offering from Worden Brothers Inc. This is a well-established company offering one of the best Stock Market Analysis Software Packages around. The logical step for Worden Brothers was to expand into the Brokerage side of the business.
They offer Stock Trade commissions at $4.95, less than Merrill Lynch, and their Options trades are $2.95 + $0.65 per contract.
They surprisingly lead the pack in Margin Interest Rates. When you buy a stock with margin, it enables you to leverage that stock with borrowed money. This is traditionally where brokerage firms make a lot of profit through this lending.
However, TC2000 Brokerage does not take advantage of the client in this area and simply offers very low-interest rates of 3% to 4.2% on the margin loans.
The icing on the cake, though, is that you get to trade directly off the charts with TC2000. TC2000 enables real-time fundamental and technical screening of the entire stock markets, including ETFs, and lets you easily create indicators from market conditions. Not only that, but the Options trading in TC2000 is also arguably one of the best in the industry.
TC2000 brokerage only offers to trade in Stocks, Options, and ETF’s, but if this is all you need, then this is a first-class operation that should meet your needs.
TC2000 Brokerage Commissions & Trades
If you only want to trade stocks, options, and ETF’s and would like to utilize leverage to increase your buying power, the TC2000 Brokerage could be ideal for you as they offer an incredibly low 3% to 4.2% margin costs. These rates are available to those with smaller balances also.
Stock Trades are a flat fee of $4.95, and the Options Contracts are $2.95 + $0.65, which is at the high point across all brokers.
Lastly, ETF trades are $4.95. There are no commissions free ETFs available. Outside of Stocks, Options, or ETFs, there is nothing else to trade. If you are looking for a full-service broker offering everything, including Bonds, Forex, or Commodity Futures, then it may be worth looking at Firstrade or others in our Top 10 Broker Review.
TC2000 Brokerage Stock Trading Platform
How do you find the in-play stocks, that have high volatility and are in a strong trend? This is the job of the trading platform.
Worden Brothers continue their winning ways, with very competitive pricing starting at only $10 per month for the Silver package. I would recommend Gold to begin with as you get a more powerful alerts engine and unlock the considerable 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 only, specifically on the US A and Canadian Markets.
The software is first class, runs on PC, Mac, and Tablets SmartPhones, and requires Zero complex configuration.
Support is excellent both on the forums or via the phone, where you get to speak immediately with skilled personnel in the US.
If you trade U.S. Stocks, ETF’s or Mutual Funds, then this is a great solution. Worden also provides regular live training seminars that are of very high quality and also tours the US A with free live training seminars for subscribers.
Worden Brothers make a clean sweep when it comes to trade management, with full Broker Integration (as long as you choose them as your broker).
TC2000 also offers fantastic Options trading and integration; you can scan and filter hundreds of Options strategies and then execute and follow them directly from the charts.
Good Profit & Loss tracking & Analysis round off the package.
Industry Leading Options Trading Visualizations & Live Trading
Use the Strategies button in the lower left of a chart to open option strategy tickets directly on the chart. The menu divides strategies into bullish, bearish, and volatility categories. Strategies include single-leg, multi-leg, and combinations of the underlying stock.
Multi-leg strategies open as a single trading ticket on the chart.
How Trade Options From Charts with TC2000 Brokerage – Video
Fundamental Scanning and Screening
Make no mistake about it; if you want fundamentals stock screeners in real-time layered with technical screens all integrated into live watch lists connected to your charts, TC2000 is a power player.
I selected TC2000 as my tool of choice back in the year 2000 because it offered simply the best implementation of fundamental scanning, filtering, and sorting available on the market. To this day, they are still a leader in this section.
They offer a vast 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.
TC2000 Brokerage Customer Satisfaction
TC2000 has an avid following; I know I am a member of the forum and a long-term member.
They receive a 5-star rating for customer satisfaction.
The support covers chat, phone, and email, and I have been in contact with the support desk, and they are skilled and capable operators who resolve issues immediately.
The only area in which they do not excel is in the research and news services included. You can pay an extra $8 per month to get integrated MT Newswire, but the selection does not compare to the offering from Firstrade or Interactive Brokers.
Brokerage Regulation & Account Minimum
Is the company well established, well funded, and well regulated? This is the main object of this round of comparisons.
Any US-based Broker should be a member of the following institutions.
Financial Industry Regulation Authority (FINRA) Membership.
FINRA is a nonprofit organization established to protect investors and ensure that the members comply with the law and the Securities and Exchange Commission rules. They audit all members regularly.
Securities Investor Protection Corporation (SIPC) Membership.
The SIPC is there to protect and hopefully recover any money lost if a Brokerage firm fails. Although Broker failure is rare, it can happen, and SIPC membership ensures that your account is protected up to $500,000.
TC2000 has all the protection required in the U.S.A, they are fully registered in the FINRA Database and have SIPC insurance.
Are You Looking For Stock Investing & Trading Software? Here Are My Favorites.
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My favorite software for investing is Stock Rover, as it specializes in deep fundamental financial screening, research, and portfolio management. It is the ideal platform for dividend, value, and growth investing.
My favorite software for stock market news is Benzinga Pro, with its super-fast real-time news engine, squawk box, and news impact ratings.
My favorite AI trading software is TrendSpider which enables automatic pattern recognition for Trendlines, Candlesticks, and Fibonacci levels. Trade Ideas uses AI to generate high probability daily trading signals for auto-trading.
My favorite stock-picking service is Motley Fool Stock Advisor, which has a proven track record of beating the market with excellent stock research reports.
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Online Discount Stock Broker Comparison Master Table (Searchable)
Here you can find the table containing all the data in one place. Use the search box to filter on a particular item you are looking to compare. For example, type “forex” or “margin,” and you will get only the relevant rows to compare.
Do you want more Stock Broker Reviews?
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Notes on the Review
Customer Satisfaction Score (Star Ratings)
The customer satisfaction score was compiled using the following methodology.
The Twitter Accounts of the Brokers were scanned back for one year for any negative feedback from customers. Also, TrustPilot UK and USA were reviewed, and any negative comments counted against the broker. These two sources of information were combined to provide the star rating you see below.
★★★★★ – No Complaints & Positive Recommendations (1 year)
★★★★ – No Complaints (1 year)
★★★ – < 10 Complaints (1 year)
★★ – 10 to 20 Complaints (1 year)
★ – > 20 Complaints (1 year)