TradingView is a popular platform among traders, offering an extensive range of financial market analysis tools and trading instruments. The platform offers both free and paid subscription plans to its customers. In this article, we will compare TradingView’s Free vs. Paid plans and help prospective users determine which one suits them best.
TradingView Free Plan
The TradingView Free Plan offers an excellent range of features that cater to beginners and amateur traders. This plan offers:
Access to most technical analysis tools – TradingView’s Free Plan provides users with access to most of the technical analysis tools available on the platform. Users can use up to three indicators per chart, which is more than enough for most traders.
Basic Data and Charting – Free subscribers get access to basic charting data and price feeds for most stocks and currency pairs. They can use up to five saved chart layouts, allowing them to switch between charts easily.
Community Access – TradingView’s Free Plan gives users access to a vibrant trading community where they can share their ideas and insights with like-minded traders. This feature helps novices as they learn from experienced traders and seek advice.
TradingView Paid Plan
The TradingView Paid Plan offers additional premium features that cater to the needs of experienced traders. This plan includes all the features of the free plan and additional ones, such as:
More Indicators and Data – Subscribers on TradingView’s Paid Plan can access an unlimited number of indicators per chart. Additionally, they get access to more charting data and a broader range of financial markets feeds.
Real-time data – Subscribers on TradingView’s paid plan get access to real-time data feeds, which are critical for trading decision-making.
Advanced Trading Features – TradingView’s Paid Plan offers advanced trading features such as backtesting, alerts, and a trading simulator, which are essential for experienced traders looking to develop and test trading strategies.
Personalized Support – Paid subscribers can access support via email, phone, and live chat. The personalized support is a valuable feature for traders looking for technical assistance.
Which Plan Suits You?
Determining which plan to choose depends on each trader’s needs and objectives. Here are some factors to help you decide which plan is right for you:
Trading Experience – Beginners and new traders should consider starting with the Free Plan as it offers adequate features for learning and basic trading. More experienced traders may find the Paid Plan more suitable as it offers advanced features for expert trading activities.
Budget Limitations – Since TradingView’s
Free Plan is a no-cost option, it is an excellent starting point for those trading on a budget. However, for traders with larger budgets looking to unlock the platform’s advanced features, TradingView’s Paid Plan is more cost-effective in the long run.
Trading Objectives – Traders looking to invest for the long term may find TradingView’s Free Plan adequate for analyzing market trends and making informed decisions. However, traders looking to use the platform for active day trading, require access to real-time data feeds and advanced trading features. The Paid Plan is the go-to solution for such scenarios.
