MultiCharts Review: Smarter Trading Starts Here

As far as we can tell, MultiCharts has something interesting to offer. Let’s get ready to see all the features that make this company a game-changer in the trading landscape. Keep reading our MultiCharts review to discover more! 

Company Details – MultiCharts

This US-based trading firm has been with us since 1999. MultiCharts, at its core, provides a vast range of technical analysis tools. 

What’s more, they simplify the user interface and make trading accessible to all. Let’s take a look at their narrative! 

The Narrative

Back in 1999, Dennis Globa and friends ventured into forex trading. Existing platforms were tricky, making tasks quite complicated. Frustrated by these limitations, they aimed to make trading simpler. UniServer and OwnData were created, improving TradeStation, but traders still longed for advanced portfolio analysis. 

Dennis wanted to create a new platform without making users start over. That is where MultiCharts came in as a solution. It removed limitations, making trading more intuitive and user-friendly. This marked a significant step forward in the world of trading platforms.

Exploring MultiCharts Tools

• Complete and Informative Charting: This tool stands out with its high-definition charts and modern interface. People can work with multiple data series, customize colors, and integrate many indicators. The platform offers hundreds of built-in indicators and extensive analysis tools.
• PowerLanguage Programming: This PowerLanguage interface simplifies scripting. Even non-coders can follow multiple scripts, making MultiCharts algorithmic trading available to everyone.
• Market Scanner and Dynamic Portfolio Backtesting: Active traders benefit from the market scanner, allowing a simple setup of different scans. Dynamic portfolio backtesting helps us evaluate strategies across multiple symbols.
• Market Data Replay: Practicing price prediction skills with historical data becomes easy. Market Data Replay allows us to analyze past market movements, improving predictive abilities.

Getting Started

This AI trading tool simplifies the onboarding process. Let’s take a look:

• Installation: There’s an easy download process. Users receive clear instructions, providing quite an easy installation experience.
• Setting Up a Demo Account: Opening a demo account is simplified through them. Users have 2 options: direct registration or through a broker service. This AI tool guides users through this process, ensuring they can explore the platform risk-free.
• Attaching to a Data Feed: MultiCharts’ data feed connection is crucial. This company assists users in attaching the data feed, ensuring they have access to real-time and recorded data.

Pricing Plans

Pricing is a crucial factor for traders. MultiCharts.com offers several subscription plans tailored to different needs:

• Three-Month Subscription: For those testing the service, this plan costs $297 ($99/month). It’s ideal for newbies exploring the platform’s features.
• Six-Month Subscription: Priced at $497 ($82/month), this plan caters to traders who like a more extended trial period before committing.
• One-Year Subscription: At $797 ($66/month), this plan offers a balanced approach between affordability and commitment. It’s suitable for traders planning to invest in the long term.
• Lifetime Subscription: For traders who recognize the long-term benefits, the lifetime subscription costs $1497. It’s a one-time investment, offering unlimited access and updates.

This pricing might seem higher than some competitors. Still, the lack of trade commissions within the platform makes it a cost-effective choice in the long run. This transparency ensures traders can focus on their strategies without unexpected costs.

Multicharts Supported Brokers

Users can switch between brokers easily or even use several brokers simultaneously. The following is a list of some of the brokers supported by this company.

• AGN Futures
• Apex Futures
• Arrowfield Trading
• AvaTrade
• Blue Water Trading Solutions (also offers CQG, PATS)
• Bright Commodity Broker
• ClearView Futures
• Crossland
• Deepdiscounttrading (also offers Rithmic, CQG)
• FuturesOnline
• LMAX
• LongLeafTrading
• North American Trade Center
• Optimus
• Sapphire Trading
• SharkTraders
• TradeNode
• TT
• WHSelfInvest

Also, this trading company may support other brokers besides those listed here.

Tip: You should keep in mind that Monaxa is an offshore broker, so nobody can guarantee the safety of your funds. If the broker disappears with your money, it’s a process to get it back!

Customer Support 

This trading firm offers top-notch customer support just for your needs. Their support team is available 24/7, ensuring traders receive rapid assistance regardless of the time. 

You can connect via email, live chat, or phone, choosing the method that suits you best. Moreover, for complex issues, they provide remote desktop connections, guiding you step-by-step. 

Besides, multicharts.com fosters a sense of community through forums and video tutorials. You can use this to gain practical knowledge from other traders too. With their dedicated support, learning the complexities of trading becomes a breeze.

Average Trustpilot Reviews

It’s worth noting that this company has an average Trustpilot rating of 3.3 stars. For a reputable company, such feedback can be concerning. 

Always remember that businesses with excellent Trustpilot ratings (4.5+ stars) are typically trustworthy options. Such reviews are important for security since they reflect real-world experiences. So, it’s advisable to take this into consideration.

Note: Nash Markets is not regulated and provides financial assistance illegally. It’s best to avoid them!

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The most promising part? Test it out for free for 20 days! No initial payments are necessary, making it incredibly convenient. Explore 5 comprehensive FX analysis reports and 5 stock analysis reports each month. These resources empower you to effortlessly boost your profits. Don’t miss this opportunity and give it a try today!

Final Thoughts

Last but certainly not least, the MultiCharts platform offers a powerful yet user-friendly trading experience. The platform’s extensive features and simplicity-focused approach, create a pleasant environment for traders of all levels.

We liked the company so far. Its intuitive interface and reliable customer support ensure that traders can focus on their strategies. Still, we must say that we were not as impressed with the reviews from other traders. 

Now you can explore the features by yourself, and try out this interesting AI trading platform.

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