Trade view investments is a fast growing investment analysis and trading platform in recent years. With its free access, customizable charts and screening tools, Trade view has attracted numerous retail and institutional investors. However, as Trade view continues to build up its functionalities, it’s important for investors to fully review its pros and cons before using it as a primary investment analysis tool. This article will provide a comprehensive evaluation of Trade view investments from multiple perspectives, including fees, trading capabilities, charting, screener, community and support etc. By reviewing various features of Trade view investments in detail, investors can make informed decisions on whether Trade view meets their investment analysis needs.
Trade view provides free access to market data and charting tools
One of the biggest advantages of Trade view investments is that it provides free access to real-time market data for global stocks, ETFs and futures. Investors don’t need to pay any subscription fees to view price charts, use screening tools or join forum discussions. This is a huge plus compared with some other market data platforms that charge expensive monthly fees. In addition, Trade view offers flexible customizable charts including various indicators and drawing tools for technical analysis. The charts can be saved and shared with others. Overall, the free access and powerful charting capability have made Trade view beloved by retail investors and traders who enjoy greater transparency.
Trade view’s trading capabilities are still limited
Although Trade view is excellent for market data access and visualization, its trading capabilities are still very limited at current stage. Trade view only offers paper trading, backtesting and trading simulation functions. Real money trading is not supported on Trade view itself. To actually trade through Trade view, investors need to connect their brokerage accounts using Trade view’s brokerage integrations. However, the integrated broker choices are very limited to a few in the U.S. and Canada. If your existing broker is not integrated, you’ll have to open new accounts just for connecting with Trade view’s trading functions. Therefore, Trade view’s trading capabilities are not comparable with more established platforms like Thinkorswim, MetaTrader or NinjaTrader.
Screener and backtesting functions need improvement
In addition to market data and charts, Trade view also offers screening and backtesting capabilities. Investors can use the screener tool to filter stocks by fundamentals, technicals and valuation metrics. However, the current screener is still primitive compared with established screeners like Finviz. Key metrics like financial ratios and growth rates are missing. The backtesting function allows testing trading strategies historically, but its coding language Pine Script has a steep learning curve and is less powerful than Python or C#. The limited screening criteria and basic backtesting function may restrict the types of quantitative analysis investors can perform on Trade view investments.
Vibrant community forums but poor customer support
Trade view investments have fostered vibrant online community forums where investors discuss trading ideas, analyze charts together and share various scripts or indicators. For novice investors, the forums are great places to learn from experienced traders. However, Trade view’s customer support has received complaints for being unresponsive. For technical issues or account questions, it often takes days or weeks to get any support response. Phone and live chat support are not available. The lack of quality customer support results in a poor user experience when investors encounter problems on the platform.
In conclusion, Trade view investments provides free access to market data and flexible charts preferred by active traders. But its trading, screener and customer support capabilities are still subpar compared with professional platforms. For investors who mainly require market data and basic analysis, Trade view is a superb free alternative. But those seeking advanced trading and quantitative analysis may find Trade view investments insufficient for their needs.