When you’re picking platforms that will help you invest, the choice you make right now can and will affect you for years to come – choosing the right platform from the get-go is vital, so, to aid you in this endeavor, we’ve made a comparison of two of the largest charting platforms available today: TrendSpider and TradingView.
Founded in 2016, TrendSpider brands itself as a customizable platform that helps experienced investors make the most out of their investments. Its primary goal is to automate repetitive tasks and simplify technical analysis so investors can spend more time finding new investing opportunities.
TrendSpider is headquartered in Chicago and has offices worldwide in countries like Russia, India, and Ukraine. Some of the best features include Market Scanner, which tracks assets across markets and industries; Smart Charting and Dynamic Watchlists, to keep track of assets in one place; and a very complete testing environment called Strategy Tester, which makes it easy for investors to try out their new strategies at no risk.
TradingView, on the other hand, was founded a bit earlier – in 2011, by Stan Bokov. At its core, TradingView is a social network platform focused on finance and designed to incentivize discussion and push users to become better investors. TradingView has competitively low fees for both its monthly and yearly plans, and it makes most of its revenue from ads and subscriptions – there are no hidden fees or vested interest: they provide some of the best tools and features, but it’s up to you to take advantage of them.
In general, TradingView promotes a bold investing approach, providing all the tools you need to succeed. From predefined strategies to historical data, backtesting, and Paper Trading features.
In this review, I will conduct a broad comparison of both platforms – if you are interested in a more in-depth analysis by one of our experts, here’s our full TrendSpider Review. If you’re leaning more towards TrendSpider’s tools for very experienced inventors, here’s our full TradingView Review detailing all the nitty and gritty of the platform.
Without further ado, here’s our TradingView vs. TrendSpider Review.
TradingView Plans vs. TrendSpider Plans
Four TradingView plans are available; Basic, Pro, Pro+, and Premium Plan; The Basic Plan is completely free to use but very limited. TrendSpider, on the other hand, offers only three plans: Premium, Elite, and Advanced.
Starting with the similarities, all the plans from both platforms offer access to:
- Charts & historical data
- Access to US equities and digital assets
- Futures trading
- A backtest or test environment for your strategies
- Customizable indicators
- Mobile App available on Android and iOS
- Trial period (30-day trial for Trading view and 7-day trial for TrendSpider)
TradingView’s Basic Plan & Pro Plan vs. TrendSpider’s Premium Plan
When comparing TradingView’s four plans and TrendSpider’s three plans, there is a clear divide between prices, so we’ll compare plans by pair.
Here’s a side-by-side comparison between TradingView’s two cheapest plans: the Basic Plan – which is completely free – & the Pro Plan (which starts at $14.95/mo), and TrendSpider’s Premium Plan.
|Access to global markets||Limited||Yes||US support only|
|Futures||Yes (delayed)||Yes (delayed)||No|
TrendSpider doesn’t offer a Basic (free) plan, but when we look at what TradingView’s Basic plan offers, it’s not losing much. You should only use Trading View’s Basic Plan if you want to get used to the platform – no serious investor should ever consider using it long-term.
As for TradingView’s Pro Plan, it is very similar to TrendSpider’s Premium – it offers 20 customizable alerts (renewed every month), futures trading, and a very thorough backtesting environment. TrendSpider’s cheapest plan doesn’t offer either futures or a backtesting environment and is considerably more expensive. Additionally, it has very limited access to equities – it supports US markets only.
Based on the features offered and, most importantly, the price, the clear winner is TradingView’s Pro Plan. The five additional alerts from TrendSpider’s Premium Plan are nowhere near enough to justify the price.
Moving on to the next pair
TradingView’s Pro+ Plan vs. TrendSpider’s Elite Plan
|Access to global markets||Yes||No. US support only|
|Futures||Yes (delayed)||Yes (delayed)|
This pairing is a lot more balanced, and the winner is not quite so clear-cut. Starting with the price, TradingView’s Pro+ plan is $29.95/mo, and TrendSpider’s Elite Plan starts at $52.93/mo. Yearly plans offer discounts ranging from 20% to 30%, and they both offer 100 monthly alerts. One of the main differences is the number of supported devices – TrendSpider, in general, is more mindful of this and allows users to synchronize their information across multiple devices.
Regarding backtesting, TrendSpider has the edge – it offers unlimited monthly backtests, and the Strategy Tester is available to use, also without limits. Additionally, TrendSpider is partnered with one of the biggest and most successful data feeds for day traders: Benzinga®, while TradingView gathers information from Quandl.
Based on the price, the features offered, and the very advantageous partnership with Benzinga, I believe TrendSpider’s Elite Plan is the better choice for more serious investors. The availability across devices is also very significant and can be the difference between taking advantage of alerts immediately and missing out on a key opportunity.
TradingView’s Premium Plan vs. TrendSpider’s Advanced Plan
|Access to global markets||Yes||No. US support only|
|Futures||Yes (delayed)||Yes (delayed)|
|Phone support||Yes. Access to high-priority line||Yes. Access to the VIP line|
Like in the first comparison, the winner this time is very clear. Starting with the price, TradingView’s most expensive Premium Plan is $59.95/mo or $599/year, while TrendSpider’s Advanced Plan is $86.43/mo or $799/year. It keeps the $20 difference compared to the previous plans but doesn’t justify it at all. TradingView’s Premium Plan offers not only more alerts (400 vs. 250) and access to global equity markets around the world but also offers access to a real-time data feed for futures trading, crypto, and more – all for an additional and very small fee ranging from $1 to $4 per month. Even if you decide to sign up for these additional data feeds, you’re still better off than picking the Advanced Plan from TrendSpider.
Based on the features offered, including the number of alerts, access to an optional real-time data feed from around the world, and asset offering, my recommendation is TradingView’s Premium Plan.
Signing Up With TradingView
Visit TradingView’s website. Click the icon on the top right – right below the green Get It button. Then click on the Get Started button, and select your plan. TradingView is available for clients worldwide, with no special requirements or limitations.
The process is very quick, and it will just take a couple of minutes to complete. Remember to take advantage of the 30-day free trial by using this link before you purchase a plan – once you purchase your first plan, you will be disqualified for the free trial.
Signing Up With TrendSpider
Anyone can register and create a TrendSpider account, but the company mainly focuses on US citizens. There are no special requirements to create an account; you only need your name, a valid phone number, and banking information to purchase a subscription.
To create an account, visit TrendSpider’s Page, click the Explore the Product button, and select a subscription. If you use our link you will get a 7-day free trial, and all you have to do to sign-up is fill in some of your basic information. The process is very quick and won’t take more than 2 minutes.
Choosing Your Plan
If you’re still unsure which plan to pick, these are our recommendations.
- If you’re not looking to spend any money and want to test very basic features and get a feel for the platform, you should pick TradingView’s Basic Plan.
- If you’re looking for a cheap, accessible charting platform that will give you access to basic features and 20 monthly alerts, you should pick the Trading View Pro Plan.
- If you’re an experienced investor looking for a mid-range option with a strong focus on backtesting and the option to sync multiple devices, you should pick the TrendSpider Elite Plan.
- Suppose you’re an expert investor looking for the most advanced tools, plenty of alerts, and access to all major stock exchanges and over 30+ crypto exchanges. In that case, you should pick the TradingView Premium Plan.
Remember that you can always upgrade later, so it’s a good idea to start with some more affordable plans and gradually upgrade if necessary. In this quick comparison of TradingView and TrendSpider, we go a bit more in-depth about the selection process and how to pick the plan best suited for you, so make sure to check that out if you have any questions.
TradingView & TrendSpider Fees
- Basic Plan: Free
- Pro Plan: $14.95/month, or $155/year
- Pro+ Plan: $29.95/month, or $299/year
- Premium Plan: $59.95/month, or $599/year
- Premium Plan: $26.13/month, or $265/year
- Elite Plan: $52.93/month, or $522/year
- Advanced Plan: $86.43/month, or $799/year
Additionally, TradingView offers access to real-time data feeds for a small monthly fee, ranging from $1 to $4; this is charged on top of the active monthly plan.
TrendSpider is a great charting platform for experienced investors in the US. It is highly customizable, offers unique features, and is highly compatible with over 61,000 different assets, including securities and digital assets. TradingView is an excellent platform for investors across the globe – it supports the biggest markets worldwide, and it even has partnerships with crypto exchanges to offer access to crypto. Both platforms are very solid options for savvy investors, and you can’t go wrong by picking either; at the end of the day, the best platform is the one that better fits your needs.