TradingView Plans Comparison: Free vs Essential vs Plus vs Premium
If you're an active trader or investor, chances are you've heard of TradingView. With over 60 million users worldwide, TradingView is one of the most popular platforms for charting, trading, and market analysis. Whether you're just starting out or are a seasoned professional, TradingView offers a range of plans designed to meet different needs and levels of experience. In this article, we'll take a deep dive into each TradingView plan—Basic, Essential, Plus, and Premium—to help you decide which one is right for you.
Why Choose TradingView?
Before we break down the specifics of each plan, let's talk about why TradingView stands out in the crowded market of trading platforms:
Global Reach: TradingView connects users to over 2 million financial instruments from all over the world, offering data from more than 150 exchanges in 50+ countries.
Ease of Use: The platform is accessible on any device, whether mobile, desktop, or directly in your browser, making it convenient for traders on the go.
Community and Sharing: With over 10 million custom scripts and ideas shared by users, TradingView is not just a tool but a thriving community where traders can learn from each other.
TradingView Users Statistics
Overview of TradingView Plans
TradingView offers a variety of plans to cater to different types of traders, from beginners to professionals. Here’s a closer look at what each plan offers:
TradingView Basic Plan
The TradingView Basic Plan is Free Forever!
Cost: Free
Best For: Beginners who want to get started with market analysis without any upfront cost.
Key Features:
1 chart per tab
2 indicators per chart
1 saved chart layout
Limited alerts and watchlists
Pros:
No Cost: Perfect for beginners who are not ready to commit financially.
Access to Key Features: Even with the free plan, you get access to TradingView’s powerful charting tools and a variety of market data.
Cons:
Limited Features: The Basic plan lacks advanced features like certain indicators, multiple charts per tab, custom timeframes, and extended historical data, which can hinder in-depth analysis.
Ads: The free version includes ads, which can be distracting.
TradingView Essential Plan
The TradingView Essential Plan is $12.95/month or $155.40/year.
Cost: $12.95/month or $155.40/year (Save $24.00 annually)
Best For: Casual traders looking for more functionality without a significant investment.
Key Features:
2 charts per tab
5 indicators per chart
10,000 historical bars
20 price and technical alerts
No ads and access to advanced chart types like Renko, Kagi, and Point & Figure
Pros:
Ad-Free Experience: Enjoy a cleaner, uninterrupted experience.
Increased Functionality: With the Essential plan, you can use more indicators per chart and access advanced chart types, enhancing your technical analysis capabilities.
Affordable: It’s a small step up in cost from the Basic plan but provides significant additional features.
Cons:
Limited Indicators and Historical Data: While better than the Basic plan, the Essential plan still limits the number of alerts, historical data, and certain indicators which might not be optimal for advanced traders.
TradingView Plus Plan
The TradingView Plus Plan is $24.95/month or $299.40/year.
Cost: $24.95/month or $299.40/year (Save $60.00 annually)
Best For: Intermediate traders who need more advanced tools and greater flexibility.
Key Features:
4 charts per tab
10 indicators per chart
100 price and technical alerts
20 parallel chart connections
Access to extended historical data and additional alert options
Pros:
More Alerts and Indicators: The Plus plan allows for more comprehensive market analysis with more indicators and alerts available.
Better Historical Data: Access to up to 180 days of historical minute-by-minute data helps in detailed backtesting and strategy development.
Multiple Charts: With the ability to have 4 charts per tab, you can view multiple market perspectives simultaneously.
Cons:
Cost: While offering more features, the Plus plan is significantly more expensive than the Essential plan.
Still Limited for Advanced Traders: Serious traders might find the Plus plan lacking in some high-level features such as deeper historical data, higher alert limits, and certain trading indicators.
TradingView Premium Plan
The TradingView Premium Plan is $49.95/month or $599.40/year.
Cost: $49.95/month or $599.40/year (Save $120.00 annually)
Best For: Professional traders who need the most advanced tools and extensive data.
Key Features:
8 charts per tab
25 indicators per chart
20,000 historical bars
400 price and technical alerts
50 parallel chart connections
Access to the most extensive set of features, including second-based alerts and the ability to buy professional market data.
Pros:
Extensive Features: With up to 25 indicators per chart, advanced chart types, and the ability to use custom formulas, the Premium plan offers everything needed for professional-grade analysis.
Deep Historical Data: Access to up to 450 days of historical minute-by-minute data and 90 days of second-by-second data.
Maximum Alerts and Watchlists: This plan provides the highest number of alerts and watchlists, essential for monitoring multiple markets and instruments.
Cons:
High Cost: The Premium plan is the most expensive, which might not be justified unless you fully utilize all its features.
Overwhelming for Beginners: The extensive array of tools and data might be overkill for traders who are just starting out.
Read more about all TradingView plans here.
Which TradingView Plan is Right for You?
The best plan for you depends on your trading style, needs, and budget:
If you’re a beginner: Start with the Basic or Essential plan to get familiar with the platform without a big financial commitment.
If you’re an intermediate trader: The Plus plan offers more features than the essential plan, but consider whether the benefits justify the costs.
If you’re a professional or need advanced tools: The Premium plan is your best bet, providing a comprehensive suite of features that cater to serious traders who need extensive data and flexibility.
Conclusion
TradingView offers something for everyone, from beginners to professionals. By understanding the features and limitations of each plan, you can choose the one that best fits your trading needs.
My Personal Experience with TradingView
I personally use TradingView Premium because, after over 5 years of trading, I find a lot of value in the freedom it offers. I enjoy having access to exclusive tools like the "Auto Chart Pattern" indicator, but what I appreciate most is not being restricted by various features. Not being limited on the number of charts per tab or the number of indicators on each chart makes it worth it for me. That said, if you're a complete beginner, I recommend starting with the free version or trying out the 30-day free trial to see what works best for you.
Ready to Get Started?
Whether you're ready to dip your toes in the water with the Basic plan or or dive right into Premium, TradingView has a plan tailored to your needs. Click here to sign up and start exploring the markets like never before!
