If you wish to enhance your buying and selling efficiency, you’ll have to spend money on the precise instruments. Commerce Concepts is one potential device, a premium buying and selling platform that contains a wider vary of performance than many competing platforms. On this Commerce Concepts assessment, we’ll have a look at the professionals and cons of Commerce Concepts and see whether or not this premium platform is well worth the value.
Professionals
Spectacular AI Commerce Assistant
Glorious Inventory Scanning and Alerts
Cons
Solely US Inventory & ETF Protection
What Does Commerce Concepts Provide?
At its core, Commerce Concepts is a inventory scanner and technical evaluation device. However with the wealth of further options supplied, it actually acts as a complete buying and selling platform. With Commerce Concepts, customers can go from thought origination to commerce execution, multi functional place.
On this Commerce Concepts assessment, we’ll first cowl the three primary areas by which Commerce Concepts can serve merchants. Then, we’ll have a look at the superior options that set Commerce Concepts aside.
Inventory Scanning
The Commerce Concepts inventory scanner is without doubt one of the strongest elements of the platform. The scanner is very configurable and updates in real-time to maintain up with the tempo of dwell buying and selling.
This ensures you don’t should spend time continually rerunning scans, liberating you up for extra difficult evaluation. The scanner comes with loads of preset filters however can also be extremely customizable; you may scan based mostly on value motion, quantity, chart sample, alternate, order movement, and extra.
Sadly, nevertheless, the Commerce Concepts “inventory scanner” is de facto only a inventory scanner. You’ll be able to solely analysis and commerce shares and ETFs on the platform, and never any of the extra devices merchants is perhaps excited about, like currencies, crypto, or futures. Furthermore, solely U.S. equities can be found; the platform doesn’t enable you entry to worldwide markets.
👉 Study extra: Occupied with international markets? Perceive the nuances of how you can spend money on overseas shares with our newest publish.
Charting
No technical evaluation platform could be full with out charting capabilities. Commerce Concepts presents all of the charting you’ll count on in a well-rounded technical evaluation answer.
Merchants can use primary value charts, candlestick charts, and superior tick charts, which comprise probably the most knowledge. These charts will be scaled throughout time frames, from one minute to month-to-month. Lastly, Commerce Concepts options all kinds of pre-built indicators and patterns, in addition to the power to manually markup charts.
Coaching and Schooling
The final main space that highlights the essential performance of Commerce Concepts is the platform’s coaching and academic choices. Buying and selling generally is a tough ability to be taught, with plenty of complicated terminology and ideas. Commerce Concepts does a great job of creating that course of simpler for burgeoning merchants.
The platform contains a sturdy consumer information, a number of video playlists, free day by day assist classes, and a free buying and selling room with an skilled dealer streaming dwell. Whereas these coaching and academic assets received’t add worth for all customers, inexperienced merchants ought to discover a lot to be taught right here.
👉 Study extra: In case you’re on the hunt for the greatest inventory screeners, this publish might need what you’re on the lookout for.
Commerce Concepts Superior Options
What we’ve coated to date are simply the essential options of Commerce Concepts. In actuality, charting, scanning, and schooling functionalities are pretty commonplace amongst buying and selling platforms. It’s the superior options, together with some very spectacular AI instruments, that make Commerce Concepts stand out.
Synthetic Intelligence
Commerce Concepts was on the forefront of leveraging AI expertise to enhance buying and selling efficiency, having launched its personal AI named “Holly” again in 2016. Since that point, they declare, Holly has persistently outperformed market benchmarks.
There are a number of iterations of Holly immediately as Commerce Concepts has improved the expertise, together with “Holly Neo,” “Holly Grail,” and “Holly 2.0.” Not like different platforms, these AI instruments aren’t simply performing computerized sample recognition. As a substitute, they’re fully-fledged buying and selling assistants, recommending entry factors, danger limits, and exit factors.
Holly comes with about 60 built-in methods that it optimizes every night time with a backtest. In accordance with Commerce Concepts, Holly will advocate about 5 to 25 trades a day, with no positions held in a single day. In our view, Holly is probably the most highly effective a part of the entire platform and one of many important causes merchants ought to think about using Commerce Concepts.
👉 Study extra: Keep knowledgeable concerning the evolving tech market with our overview of this 12 months’s greatest AI shares.
Streaming Alerts
On the again of Commerce Concepts’ scanning performance, the platform has constructed out an alert system that can assist guarantee merchants don’t miss any of their perfect setups. As we talked about earlier than, the scanners on Commerce Concepts aren’t simply one-and-done; as a substitute, they replace in real-time because the market adjustments.
The scanners will be mixed to supply almost countless alert customization, and there’s no restrict to the variety of alert home windows you may create. As well as, Commerce Concepts presents sound callouts when an alert is triggered, an environment friendly technique to be notified that a chance has introduced itself.
With many platforms, merchants might need to decide on between on the lookout for new alternatives and analyzing current alternatives. This isn’t the case with Commerce Concepts.
Direct Commerce Execution
One other glorious characteristic of Commerce Concepts is the platform’s built-in commerce execution. Most evaluation instruments require you to make use of your dealer’s interface to position trades, which may create a large time hole between figuring out alternatives and capitalizing on them. Not like these alternate options, Commerce Concepts presents buying and selling by way of a system they name “Brokerage Plus.”
Brokerage Plus enables you to place trades and monitor your present positions instantly on Commerce Concepts. Nevertheless, it must be famous that you just’ll have to hyperlink a brokerage account to Commerce Concepts to do that, and never all brokers take part. A number of the extra fashionable ones that do embrace Interactive Brokers, E*TRADE, and Thinkorswim.
Commerce Concepts additionally stands out for the buying and selling flexibility they provide. Customers can place one-click trades instantly by way of scanners or charts, considerably dashing up execution time. Furthermore, you may create an automatic buying and selling system based mostly by yourself buying and selling methods or the suggestions of the Holly AI.
The key disadvantage to executing on Commerce Concepts is that you’re solely capable of commerce U.S. shares and ETFs. In case your methods depend on worldwide shares or every other asset class, Commerce Concepts might not be the precise match for you.
👉 Study extra: In case you’re seeking to optimize your inventory buying and selling, our article offers a complete rundown of one of the best on-line brokers obtainable.
Simulated Buying and selling & Backtesting
The simulated buying and selling performance of Commerce Concepts is simply as spectacular as its actual buying and selling performance. Commerce Concepts options paper buying and selling accounts that allow customers practice underneath actual market situations with out placing any cash at stake.
As well as, Commerce Concepts enables you to take a look at your buying and selling methods traditionally with a proprietary backtesting system they name “OddsMaker.” OddsMaker is extra thorough than most backtesting packages, that includes the power to regulate your beginning fairness, shopping for energy, brokerage commissions, and extra. Whereas no backtesting program can actually replicate dwell buying and selling efficiency, OddsMaker comes shut.
When you run the backtesting program, you may research the information to enhance your methods. Commerce Concepts presents detailed revenue and loss info instantly on the platform, in addition to the power to export the information for extra thorough evaluation.
👉 Study extra: Get a clearer understanding of inventory backtesting with our rundown on the main platforms out there.
How Does Commerce Concepts Work?
Getting began with Commerce Concepts isn’t fairly so simple as it’s with different buying and selling platforms. One purpose is that Commerce Concepts doesn’t provide a free trial, so it’s tough to get to know the platform earlier than committing to a subscription. Nevertheless, Commerce Concepts does have what they name a “Check Drive” occasion every quarter, the place potential customers get a couple of weeks of entry to the platform for a small price.
The one part of the platform free customers can entry is a collection of market dashboards. Whereas these is perhaps informative for some customers, a greater technique of understanding the platform previous to paying is thru the big selection of movies and guides that Commerce Concepts publishes.
In case you do join, there are a number of methods to make use of the platform in apply. Merchants can obtain a desktop model of the platform, though it is going to solely work on Home windows computer systems. In case you’re a Mac or Linux consumer, or for those who simply desire to not obtain something, you should utilize a web-based model of Commerce Concepts as effectively. Observe that there is no such thing as a cellular app obtainable for Commerce Concepts.
Lastly, for those who resolve Commerce Concepts is just not best for you, canceling will be executed instantly by way of the account administration web page. In case you run into bother, Commerce Concepts says you may contact [email protected] for assist. Keep in mind that Commerce Concepts doesn’t provide refunds for unused subscriptions, which is essential to know for those who plan on buying an annual subscription.
Plans and Pricing
One other essential facet we have to cowl in our Commerce Concepts assessment is the pricing plan. Commerce Concepts presents two important tiers, which will be bought both month-to-month or yearly (for a considerable low cost). There isn’t a free trial for Commerce Concepts, however you may reap the benefits of the quarterly “Check Drive” of its platform for a small price. Pricing particulars for the 2 tiers are summarized beneath.
| Normal Plan | $118 | $999 |
| Premium Plan | $228 | $1,999 |
Whereas the Normal plan has a reasonably sturdy characteristic set, there are some notable exclusions – just like the Holly AI, which is just accessible within the Premium plan. An summary of the characteristic variations between the 2 plans will be discovered beneath.
| Normal Plan | Premium Plan | |
|---|---|---|
| Backtesting | No | Sure |
| Sample Recognition | No | Sure |
| Charts | 10 | 20 |
| Sensible Threat Ranges | No | Sure |
| AI Commerce Assistant | No | Sure |
As you may see, there are vital variations between the Normal and Premium plans. Each tiers characteristic charting, patterns, scanning, alerts, and extra. Nevertheless, the few variations that do exist are fairly essential. Most notably, backtesting, automated sample recognition, and AI performance are lacking from the Normal plan.
These are a number of the key options that make Commerce Concepts such a robust device. Subsequently, if merchants resolve to make use of the platform, they’re doubtless going to be greatest served by going with the Premium plan, even whether it is considerably costlier.
There are just too many cheaper, aggressive alternate options in the marketplace to justify choosing the Normal plan. Finally, deciding whether or not or not Commerce Concepts is price it is dependent upon your distinctive buying and selling model and preferences. Within the subsequent part, we’ll provide some steerage that will help you make your resolution.
Is Commerce Concepts Value It?
Commerce Concepts is a complete, premium buying and selling platform. That doesn’t come low-cost: the plans are very costly in comparison with different options you may use. However in relation to buying and selling, it’s essential to weigh the value tag of the device with the potential for improved earnings. In different phrases, one of the best instruments pay for themselves.
To grasp if Commerce Concepts is price it, we’ll have a look at the 2 subscription tiers individually. Whereas the Premium tier unlocks just some further options, these options are essential and make Commerce Concepts a way more highly effective device.
Normal Plan
Finally, the Commerce Concepts Normal plan is unlikely to be price it for many merchants. At its most cost-effective ($84/month yearly), the plan is much costlier than a competitor like TradingView (learn our assessment of TradingView).
Even compared with a competitor like TrendSpider, which is costlier than TradingView, the Normal plan offers questionable worth. For the same value, customers can get a superior tier on TrendSpider. In case you’d wish to be taught extra about that platform, we even have a assessment of TrendSpider.
👉 Study extra: Perceive the important thing variations and similarities with our in-depth evaluation of TrendSpider vs TradingView.
Commerce Concepts actually has robust primary performance, notably by way of scanning. However this primary performance merely isn’t well worth the excessive value merchants pays for a sophisticated platform.
Premium Plan
The Premium tier unlocks entry to computerized sample detection, backtesting, and, most significantly, the AI buying and selling assistant. Whereas the AI assistant received’t be proper for each single dealer, suggestions from many merchants on-line signifies that the Holly AI has helped their buying and selling tremendously.
Subsequently, the Commerce Concepts Premium plan is probably going price it – with one caveat. The instruments we’re highlighting are very specialised and designed for skilled merchants. In reality, for those who check out the Commerce Concepts consumer interface, it looks like one thing you’d see on Wall Road.
In case you’re an skilled dealer who believes that the superior instruments on Commerce Concepts will make an considerable contribution to enhancing your earnings, we encourage you to make use of one of many quarterly Check Drives to check out the platform. For inexperienced merchants who’re nonetheless mastering the fundamentals, although, Commerce Concepts might be not the precise platform for you.
Verdict
We hope our Commerce Concepts Overview supplied you with the insights wanted to find out if this buying and selling platform aligns along with your funding methods and targets. Commerce Concepts is a platform with very robust performance whose specialty options set it other than the competitors. It could function a complete buying and selling platform for a lot of U.S. inventory merchants, taking customers from alternative discovery to commerce execution. Nevertheless, since Commerce Concepts doesn’t provide worldwide shares or different asset lessons, merchants working in different markets ought to look elsewhere.
The platform’s inventory scanning perform, mixed with a real-time alert system, is without doubt one of the greatest in the marketplace. Whereas its charting might go away one thing to be desired, the overwhelming majority of merchants can be effectively suited by its computerized sample detection system. The wealth of academic content material can also be glorious.
Commerce Concepts’ AI expertise, which is a market chief, continues to be the characteristic that can draw most merchants in. “Holly,” because the AI is thought, can present commerce suggestions based mostly on 60 pre-built methods. If it’s good to take a look at out any methods, together with AI-generated ones, Commerce Concepts presents simulated buying and selling and backtesting.
However all these constructive attributes don’t advantage an unconditional suggestion. Commerce Concepts is pricey, particularly for the Premium tier, by which the strongest performance is unlocked. For a lot of new merchants, who will solely be capable of leverage primary options anyway, cheaper platforms could be higher. In case you’re a sophisticated consumer, nevertheless, Commerce Concepts may allow you to take your buying and selling to the following stage.
