TradingView is a popular platform for charting, analyzing, and trading various financial instruments, such as stocks, cryptocurrencies, commodities, and forex. With a wide range of features and a large community of traders, it has become an essential resource for both beginners and experienced traders.
However, the question that arises among users is: “Is TradingView legit?” In this article, we will delve into the features, reliability, and reputation of TradingView to help you make an informed decision about using this platform.
Learn more about TradingView
Company background
TradingView was founded in 2011 by Stan Bokov, Denis Globa, and Konstantin Ivanov, with the goal of providing an intuitive, comprehensive, and easy-to-use platform for financial analysis and charting. The company is headquartered in Westerville, Ohio, USA.
Initially, TradingView focused on providing a powerful charting tool and social network for traders, allowing them to share ideas, insights, and strategies with one another. Over time, the platform has expanded its offering and now supports a wide range of financial instruments, including stocks, cryptocurrencies, commodities, and forex.
Today, TradingView is known for its user-friendly interface, wide range of charting tools, and vibrant community of traders and investors. It has become a popular choice for both novice and experienced traders, offering various features such as customizable charts and technical indicators, drawing tools and a built-in scripting language, Pine Script, for creating custom studies and strategies.
The company has also partnered with major financial institutions such as Nasdaq and the London Stock Exchange, which leverage TradingView technology for their charting tools. TradingView continues to grow and innovate, continually enhancing its platform and user experience to meet the evolving needs of the trading community.
Features and functions
TradingView offers a wide range of tools for technical analysis, including customizable charts, various technical indicators, and drawing tools. Users can create their own custom watchlists, set price alerts, and even develop their own trading strategies using the platform’s built-in scripting language, Pine Script.
In addition, TradingView supports multiple chart types, such as candlestick, bar, and line charts, as well as more advanced charts such as Renko, Kagi, and Point & Figure.
One of the unique features of TradingView is its social network, where users can share trading ideas, follow other traders, and participate in discussions about market trends and strategies. The platform also provides a marketplace for premium indicators, strategies and services, allowing traders to access advanced tools and resources to enhance their trading experience.
Pricing options
TradingView offers a range of pricing plans to suit different needs and budgets. Below is a breakdown of the different plans and their costs:
- Free plan: TradingView offers a free basic plan with limited features, including access to real-time data for stocks, forex, and cryptocurrencies, up to three indicators per chart, back-testing, simulated trading, extended trading hours, and one saved chart layout. The free plan also includes access to TradingView’s social trading features that can help with potential trading ideas.
- Professional planThe TradingView Pro plan costs $14.95 per month and offers additional features, including up to 10 indicators per chart, unlimited saved chart layouts, access to real-time data for futures and indices, custom intervals, custom scripts, and more.
- Pro+ Plan: TradingView’s Pro+ plan costs $29.95 per month and offers more features, including up to 30 indicators per chart, access to real-time data for all markets, priority customer support, and more.
- Premium planThe TradingView Premium plan costs $59.95 per month and offers the most advanced features, including up to 50 indicators per chart, access to historical data, intraday spread charts, and more.
In addition to these plans, TradingView also offers a range of add-ons and data feeds for users who need more advanced features or access to additional markets.
TradingView pricing plans are designed to be flexible and scalable, allowing traders and investors to choose the plan that best suits their needs and budget. The platform’s free plan and combination of paid plans make it accessible to traders and investors of all levels, from beginners to advanced traders.
credibility
TradingView’s reliability is evidenced by its robust infrastructure and data sources. The platform relies on multiple data providers, such as BATS, NASDAQ, and NYSE, to ensure accurate and up-to-date market data. Moreover, TradingView’s cloud-based platform allows users to access their charts and settings from any device, providing seamless trading experiences across desktop, tablet, and mobile apps.
Security is also a top priority for TradingView. The platform uses SSL encryption to protect user data and to ensure secure communication between the user’s device and the TradingView servers. Additionally, the platform offers two-factor authentication (2FA) as an optional security measure, which adds an extra layer of protection to user accounts.
TradingView competitors
While TradingView has gained a lot of popularity, there are many other platforms and tools that act as its competitors. Some notable alternatives include:
Thinkorswim: Developed by TD Ameritrade, Thinkorswim is a comprehensive trading platform that supports stock, options, futures and forex trading. It provides advanced charting tools, a wide range of built-in technical studies, and customizable studies. In addition, Thinkorswim provides powerful scanning and checking tools, as well as a paper trading feature for practice.
electronic signaleSignal: eSignal is a paid charting and trading platform that provides advanced technical analysis tools, real-time data, and a customizable interface. It supports various asset classes, including stocks, options, futures, and forex. eSignal also integrates with several order execution brokers and provides an extensive library of third-party add-ons.
Graphs: StockCharts is a web-based charting platform that offers a wide range of chart types, technical indicators, and drawing tools. It also provides market commentary, analysis and educational resources for traders and investors. While StockCharts primarily focuses on stocks, it also supports ETFs, mutual funds, and indices.
determinants
While TradingView has many strengths, it is important to recognize some of its limitations. The primary focus of the platform is technical analysis, which may not appeal to traders who rely on fundamental analysis or other trading methods.
Additionally, TradingView does not offer direct integration with all brokers, which may limit the platform’s appeal to traders who want to execute trades directly from the platform. Users should also be careful when following trading ideas and strategies shared by other users, as there is no guarantee that these ideas will be successful or suitable for their trading style.
Final Thoughts – Is TradingView Legit?
Based on its wide range of features, reliable market data, robust security measures, and solid reputation, it is safe to say that TradingView is indeed a legitimate platform for traders and investors. It offers a comprehensive set of tools for technical analysis and social trading, to cater to a wide audience of market participants.
Ultimately, the legitimacy of the platform and whether TradingView is worth it depends on your specific trading style, needs, and preferences. Therefore, it is crucial to evaluate whether TradingView matches your trading goals and requirements before making any decision.
TradingView is a reliable and reputable platform that has earned its place as an essential resource for active traders around the world. With its wide range of features, tools, and resources, TradingView can be an invaluable asset for both novice and experienced traders looking to enhance their market analysis and decision-making capabilities. Click here to get started today.
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