TradingView vs ProRealTime: choosing the best trading platform

A trading platform is a must-have piece of software. Some brokers offer proprietary trading platforms, but there are several outstanding third-party platforms in the market. These are renowned for their advanced trading tools, customisation, and user-friendly interfaces.

In this article, we'll introduce you to a comprehensive comparison of TradingView vs ProRealTime, and we'll compare the two in terms of features, prices, trading tools, and other crucial aspects to help you decide which one is the best for your needs.

ProRealTime vs TradingView: what are they?

TradingView and ProRealTime are two of the most popular trading platforms in the world. Let's have a closer look at each of them.

What is ProRealTime?

ProRealTime is an online trading platform designed specifically for experienced traders, focusing on technical analysis. This comprehensive platform provides a range of powerful features and tools, including:

  • Interactive charts
  • Technical indicators
  • Drawing tools
  • Market scanners and filtering options
  • Other advanced tools, including automated trading

In addition, ProRealTime offers a wide range of advanced tools for technical analysis, including:

  • Backtesting and strategy optimisation
  • Volatility analysis
  • Portfolio management

The platform employs its own programming language to facilitate strategy creation and testing.

What is TradingView?

TradingView is an online platform catering to traders of all experience levels, providing a comprehensive set of tools. With its user-friendly interface, TradingView offers an array of features, including:

  • A vibrant community where traders can interact with one another. Users can follow expert traders, gain insights, and even share their own ideas, strategies, and analysis in real time.
  • TradingView offers extensive integration options, allowing users to connect with brokers and other trading tools seamlessly.
  • TradingView equips users with versatile drawing tools for price pattern analysis. These tools enable the identification of key support and resistance levels, chart patterns, and others.
  • The platform provides a diverse selection of predefined and customisable technical indicators. These indicators assist users in analysing market trends, identifying patterns, and generating trading signals.

General features of ProRealTime vs TradingView

FeaturesProRealTimeTradingView
RegulationDepends on brokerDepends on broker
ProductsStocks
Futures
Commodities
Forex
CFDs
Options
Stocks
Forex
Indices
Futures
Bonds
World economy indicators (i.e., US inflation rate or GDP)
Analysis tools+100+100 (+ over 100,000 scripts created by the community)
Types of
accounts
Demo, real-time account with trading, real-time account without tradingBasic (Free), Pro, Pro+, Premium
Minimum deposit£1,000£0
Purchase and sale commissionDepends on the brokerDepends on the broker
Withdrawal commissionDepends on the brokerDepends on the broker
Inactivity feeDepends on the brokerDepends on the broker
BrokersIG Markets
Interactive Brokers
Saxo Bank
Eightcap – visit the broker
Interactive Brokers – visit the broker
Pepperstone
Capital.com
Saxo Bank
ActivTrades
ContactPhone: 44 (0)20 3868 8510
Email: broker@prorealtime.com
Form

TradingView vs ProRealTime: what brokers does each platform operate with?

Let's have a look at the choice of brokers that offer ProRealTime and TradingView.

ProRealTime is available via these brokers

  • IG Markets: It offers multiple trading tools, including advanced charts and technical analysis, as well as the possibility of trading with options. Check out our IG review.
  • Interactive Brokers: It offers a competitive cost structure and access to multiple global markets. Check our Interactive Brokers review.
  • Saxo Bank: It offers a wide range of financial products, and is suitable for more advanced traders or investors. Check our Saxo Bank review.

TradingView is available via these brokers

ProRealTime vs TradingView: what assets does each trading platform offer?

Both ProRealTime and TradingView offer a broad range of financial assets. However, which ones you can trade with ultimately depends on your chosen broker. You cannot place trades in the markets without a broker, which is the intermediary that executes the trades on your behalf.

Regarding ProRealTime, you have three options:

  • Saxo Bank – Futures, stocks, forex
  • Interactive Brokers – Futures, stocks, forex
  • IG – CFDs, forex

TradingView, on the other hand, is more popular among brokers, so there is a wider choice. Most brokers are CFD providers, allowing you to trade CFDs on assets like stocks, forex, commodities, indices, and more.

Account types and costs of ProRealTime vs TradingView

There are a few options when it comes to account types, and also the costs of each platform differ. Keep in mind that the final trading and non-trading costs (such as spreads, inactivity fees, commissions, and other charges) depend on your broker.

Types of ProRealTime accounts

The demo account is free of charge and is available for two weeks. This is a great choice if you want to test the platform.

Then, you can opt for a real-time account with trading or a real-time account without trading (geared towards investors).

Next, if you opt for a real-time account with trading, you can choose one of the three brokers mentioned above:

  • Saxo Bank
    • Minimum deposit: €3,000
    • Assets:
      • Index futures
      • Stocks
      • Forex
      • Commodities (metals, energy, etc.)
      • Options
  • Interactive Brokers
    • Minimum deposit: €3,000
    • Assets:
      • Futures
      • Stocks
      • Commodities (metals, energy, etc.)
      • Options
  • IG
    • Minimum deposit: €1,000
    • Assets:
      • CFDs (on indices, stocks, forex, commodities)

Types of TradingView accounts

  • Free:
    • 3 indicators per chart
    • 5 price alerts
    • Not ad-free
    • Pine Script
    • Backtesting
    • Multiple markets and timeframes
  • Pro:
    • 5 indicators per chart
    • 2 charts per tab
    • 20 price alerts
    • Ad-free
    • Volume profile indicators
    • Custom timeframes
    • Multiple watchlists
    • Payment options:
      • Monthly subscription: £14.95/month
      • Annual subscription: £12.95/month
  • Pro+: All the benefits of Pro, plus:
    • 10 indicators per chart
    • 4 charts in one layout
    • 100 price alerts
    • 10 saved chart designs
    • Intraday exotic charts
    • Custom formula-based charts
    • Chart data export
    • Indicators on indicators
    • Payment options:
      • Monthly subscription: £29.95/month
      • Annual subscription: £24.95/month
  • Premium: The full package, with:
    • 25 indicators per chart
    • 8 charts in one layout
    • 400 price alerts
    • Unlimited number of saved chart layouts
    • Seconds-based intervals
    • Non-expiring alerts
    • 4 times more data in charts (20K bars)
    • Publishing invite-only indicators
    • 4 times more intraday data in Bar Replay
    • Payment options:
      • Monthly subscription: £59.95/month
      • Annual subscription: £49.95/month

TradingView and ProRealTime: how does each platform work?

How does TradingView work?

TradingView boasts several standout features that set it apart from other platforms:

  • Advanced charts: TradingView offers advanced and customisable charts with a wide variety of tools and technical analysis options, including a myriad of indicators and drawing tools.
  • Community: TradingView has a large community of traders who share ideas and scripts on the platform, which can be useful for those looking for additional insights.
  • Alerts: Traders can set up alerts on TradingView to receive real-time notifications when certain conditions in the market are met.
  • Economic calendar: The platform has an economic calendar that shows economic events and important news related to markets and financial assets.
  • Trading from the platform: TradingView allows users to make trades directly from the platform, through integrations with different brokers.
  • Real-time data: The platform offers real-time data and updates across all the markets it covers.
  • Paper Trading: TradingView includes a Paper Trading function, enabling traders to practice trades or manually test strategies without risking real money.
  • Custom Scripts: Traders can create custom scripts or use thousands of scripts created by the community.
  • Platforms: Web, Desktop, Android, IOs

How does ProRealTime work?

Let's explore how ProRealTime operates and delve into its key features:

  • Charts and Indicators: ProRealTime offers a wide range of graphical and technical analysis tools. Users can customise the charts with a variety of chart types, time frames and display options. They can also add custom indicators or use the pre-set ones available on the platform.
  • Lists in ProRealTime: ProRealTime users can create and customise their own lists of financial products. These lists can include many financial instruments, such as stocks, indices, commodities, currencies, and options.
  • ProRealTrend: ProRealTrend is a technical analysis tool that uses algorithms to identify trends and price patterns. Users can configure the tool to automatically alert them of trend changes and entry and exit points.
  • ProScreener: ProScreener is an advanced scanning tool that allows users to filter and search for securities and financial products based on specific criteria, such as volatility, volume, and any type of value or range of values of any technical indicator.
  • ProBuilder: ProBuilder is a programming tool that allows users to create their own indicators and trading strategies using the EasyLanguage programming language.
  • ProBacktest: ProBacktest is a backtesting tool that allows users to test their trading strategies with historical data.
  • ProOrder: ProOrder is an automated trading tool that allows users to create and execute buy and sell orders based on their own trading strategies.
  • Platforms: Web, Desktop

Customer service: ProRealTime vs TradingView

Both platforms offer suitable customer service, although channels differ. It's noteworthy to mention, however, that users may also contact their own broker's support – typically if the issue is related to the brokerage account or trades.

Additionally, both platforms offer extensive research and training sections, FAQs, and other helpful resources.

Customer ServiceProRealTimeTradingView
Phone+44 (0)20 3868 8510No
Contact emailcontact@prorealtime.com
Online form
Web
form
ChatbotNoYes, 24×7

TradingView vs ProRealTime: user reviews

TradingView and ProRealTime are two of the most popular analysis and trading platforms today. While both offer a wide variety of tools and features for traders, there are some notable differences between them.

ProRealTime stands out as a more advanced and complex platform, providing a comprehensive suite of technical analysis tools and automated trading strategies. Its integrated backtesting feature allows users to test their strategies on historical data, aiding in strategy development and refinement.

On the other hand, TradingView excels in its user-friendly interface and boasts a large and active community. The platform facilitates the sharing of trading ideas and strategies among users, creating a collaborative environment.

Notably, TradingView offers a free version, albeit with some limitations, allowing users to explore the platform and assess its suitability before committing to a paid subscription.

It's important to note that the investor community holds diverse opinions on the TradingView vs ProRealTime comparison, with varying viewpoints and preferences.

For instance, here is the Trustpilot review score for ProRealTime:

ProRealTime is a very well-rated platform by the investor community, with an average score of 4.9 stars (out of 5), where it is noteworthy that 91% of the reviews are 5-star.

Meanwhile, here is the Trustpilot review score for TradingView:

TradingView scores only 2.2 out of 5 stars on Trustpilot. One factor for this could be its focus on beginner traders.


Still, it should be added that one of the main disadvantages of ProRealTime is its cost. Unlike TradingView, which offers a free version, ProRealTime is a paid platform that can be expensive for some traders.

ProRealTime vs TradingView: which trading platform is better?

In summary, we can conclude that TradingView is more suitable for the average traders and investors, thanks to its user-friendly interface, extensive asset coverage, and vibrant user community.

On the other hand, ProRealTime is better suited for advanced investors and traders who have specific technical requirements and prefer a more complex platform.

However, it's important to note that both platforms offer a wide range of options, and there are additional nuances to consider. To provide a comprehensive overview, let's outline the pros and cons of each platform so that individuals can make an informed choice based on their preferences and needs.

Pros and Cons of ProRealTime Vs TradingView

Pros of ProRealTime:
✅Wide variety of technical analysis tools, custom indicators, and automated trading strategies.
✅Integration with several brokers and market data services.
✅Offers real-time charts and historical data for a wide variety of markets.
✅It has an integrated backtesting feature.
✅Offers a free demo version for users who want to try the platform.

Cons of ProRealTime:

❌High minimum deposits.
❌The platform can be difficult to learn for beginners due to its complexity.
❌Does not offer social trading.

Pros of TradingView:

✅Offers interactive real-time charts and historical data for a wide variety of markets.
✅It has a mobile version.
✅It has a large user community.
✅It offers a free version with some limited features, as well as several paid versions with many more features.
✅Integration with multiple high-quality brokers.

Cons of TradingView:
❌It does not have an integrated strategy backtesting feature.
❌The free version has some limitations and only allows a limited number of alerts and saved charts.
❌The platform may experience technical problems from time to time due to its large number of users.

Other trading platforms & brokers

Here are some more articles that may interest you:

TradingView vs ProRealTime: summary

In conclusion, both TradingView and ProRealTime have their advantages and disadvantages, and the decision between the two ultimately depends on the specific needs and preferences of individual traders.

If you are a beginner or prioritise a user-friendly platform, TradingView may be the ideal choice. On the other hand, if you are an advanced trader seeking more sophisticated tools, ProRealTime could be a suitable option, provided you are willing to invest in a paid subscription.

Consider your trading requirements and assess the features and usability of each platform to make an informed decision that aligns with your goals.

FAQ

Can I use TradingView or ProRealTime for free?

TradingView offers a free version of its platform, allowing users to access a range of features and tools. ProRealTime, on the other hand, offers a limited free trial, but to fully access its advanced tools and features, a paid subscription is required.

Can I trade directly from TradingView or ProRealTime?

Yes, both TradingView and ProRealTime offer the ability to trade directly from their platforms.

Can I create and use custom indicators or strategies on TradingView and ProRealTime?

Yes, both TradingView and ProRealTime support the creation and use of custom indicators and trading strategies.

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