Not all prop firms support TradingView, but some of them do, and they are quite interesting.
If you like TradingView, the most popular charting platform in the world, then this article is for you.
Let’s take a close look at the prop firms that use TradingView, and all the advantages of the platform.
Here’s the list to start:
List Of All Prop Firms With TradingView
These proprietary firms in the list support the TradingView platform. Some are forex prop firms, others are futures prop firms. Check them:
| Prop Firm | Profit Split | Cost | Max Balance | Rating | Review | Visit |
|---|---|---|---|---|---|---|
|
up to 100% | from $119 | $2,500,000 | 4.9 |
Read review | |
|
90% | from $80/month | $150,000 | 4.9 |
Read review | |
|
90% | from $137/month | $300,000 | 4.8 |
Read review | |
|
up to 90% | from $150/month | $150,000 | 4.8 |
Read review | |
|
80% | from $80/month | $300,000 | 4.6 |
Read review | |
|
90% | from $99/month | $250,000 | 4.5 |
Read review | |
|
75% | from £299 | $10,000,000 | 4.1 |
Read review |
How Should I Choose A Prop Firm With TradingView?
There are so many features on prop firms that it’s easy to lose track of what they offer.
For this reason, I created this prop firm comparison tool.
You can select the ones you want to compare, and compare all the details side by side.
Make sure you’re selecting the ones with TradingView or feel free to check other options too.
Compare Any Prop Firm
What Is TradingView?
TradingView is not your regular platform. Instead, it’s a combination of several features.
It includes:
- Advanced charting capabilities
- A social network for traders and investors
- Ideas sharing
- Strategies sharing
- Programming features
You can find charts from basically any market, including stock, cryptocurrencies, forex, commodities, and more. You can even have multiple sources for the same chart, like different brokers, or different exchanges, which will tend to have slight differences.
Many prop firms have also integrated TradingView’s charts into their platforms, strengthening its position as an industry standard for market analysis and visualization of trades.
How Is TradingView Useful To Trade With Prop Firms
One of the most important things about prop firm trading is the need for risk management. You must guarantee that you don’t break the maximum daily loss or maximum drawdown.
If you don’t do it, you know…
You lose your account…
But you don’t want this, instead, you want to keep your risk under control.
TradingView is a great help for doing that. It helps you to set precise position sizes in a simple and intuitive way.
That position size is calculated taking into account your potential trade loss, and monitoring multiple risk metrics at the same time.
How?
You can set alerts, that will notify you when you’re approaching your daily loss limits. That’s a good alert to stop trading for the day, just saying…
Besides that, it may also help you with your entries. You can set more alerts, now with the intent of making you aware of potential entry opportunities.
If the market conditions match your setup rules, you get alerted.
Advantages Of Using TradingView With A Prop Firm
Let’s now check the biggest advantages of using TradingView with a Proprietary firm.
- Great charting experience: The charting interface is sophisticated but also very user-friendly.
- Community support: You can use TradingView’s social features to learn from other traders or check their analysis against yours.
- Accessibility Across Different Platforms: You can access your charts from any device while maintaining the same experience. You have a mobile app, a computer app, and even a browser version. Just choose the one you need at any particular time. Your analysis will always be saved in the cloud.
- Custom indicators: You can create or code your own indicators using Pine Script and they will work on TradingView. This is a good feature if you are using a custom strategy to comply with the prop firm’s rules.
- Multiple Layout Saves: If you like to use different strategies or trade different sessions, TradingView has you covered. You can save different layouts that allow you to quickly switch between different trading approaches, which may also depend on the prop firm you are trading with.
Disadvantages Of Using TradingView With A Prop Firm
Now let’s take a quick look at the disadvantages.
- Additional Cost: If you want to use TradingView’s most advanced features you may need to pay for it. This can be a significant cost, especially if you are in the prop firm challenge phase and not getting payouts yet.
- Platform Switching: Some prop firms may require that you place your trades on a different platform rather than TradingView. This can cause delays in the execution or even missed opportunities.
- Latency issues: Some charts on TradingView may have some slight delays compared to your prop firm’s direct feed. Some charts may even be delayed on purpose unless you buy their data feed.
