MultiCharts Software Pricing, Features & Reviews

What is MultiCharts?

MultiCharts is a comprehensive trading and stock market software designed for day trading as well as long-term investment. This platform is suitable for both individual and institutional traders as it offers extensive features and tools. Market analysis, developing trading strategies, and effective trade execution become simple with MultiCharts.

The software allows traders and investors to implement their trading strategies with offered technical indicators and other tools like charting, backtesting optimization, and others.

Notable Features of MultiCharting

Chart Trading: One of the major features of MultiCharts is chart trading. This allows traders to check price movements using technical analysis indicators to make informed decisions.
Chart Analysis: This feature enables precise movements of price to determine what would be the next move of a trader.
Volume Analysis: Volume Analysis provides various tools to analyze trading volume including volume indicators, volume bars, and volume profiles.
Depth of Market (DOM): MultiCharts provides in-depth data of the market like volume profile and allows one-click trading opportunities.
Strategy Trading: Traders can use strategy trading where they can get tools to develop, test, and optimize their trading strategies.
Market Scanner: Allows users to scan all the securities one-by-one simultaneously in real-time and helps to identify trading opportunities.
Trading Strategy Optimization: There are various tools offered by MultiCharts to optimize strategies like backtesting and parameter optimization.
Automated Trading: This platform supports automated trading using its scripting language (PowerLanguage).
Portfolio Trader: This feature helps traders to simulate and auto-trade whole portfolios, which include hundreds of stocks, futures, and other assets.
Visual Trading: MultiCharts offer visual trading of market data and trading signals to understand easily.
Order and Position Tracker: This feature offers a complete summary of orders, positions, and accounts for all brokers utilized for trading.
Symbol Mapping: It allows you to trade any symbol from any chart via symbol mapping. MultiCharts describes how an order appears to a broker, allowing for any combination of data streams and brokers.
Data Management: MultiChart has capabilities of data management for which it has a local data management and storage system called QuoteManager. It offers all types of data management and maintenance.
Strategy Backtesting: Backtesting software tests your strategy using historical data and generates a backtesting report, allowing you to conduct an accurate trading system examination.

Why Choose MultiCharts?

The major reasons for choosing MultiCharts are the following:

MultiCharts is available with powerful technical analysis tools, allowing traders to perform in-depth market analysis to find optimal trading opportunities.
This platform also offers a customizable user interface where traders can tailor the dashboard as per their trading preferences.
Backtesting and optimizing trading strategies is another major reason to choose MultiCharts over other platforms. This platform uses historical data for performance evaluation and to find areas of improvement.
The powerful scripting language is another reason to choose MultiCharts. It allows traders to develop highly customizable trading strategies and indicators.
One can also get numerous optimization tools to refine trading strategies and determine which strategies have the most profitable parameters. The major tools are genetic algorithms, walk-forward optimization, custom optimization, and more.
MultiCharts also offers real-time data feeds to traders, allowing them to get the most updated and latest information on the market. This helps them to fine-tune their trading strategies to make the best out of them.

Who can use MutiCharts?

There are many users of MultiCharts. Some of them are the following:

Individual Traders: Both beginners and professional individuals can use MultiCharts.
Day Traders: Day traders who need real-time data are also potential users of MultiCharts.
Swing Traders: Traders who need to identify long-term trends can also use MultiCharts.
Position Traders: Traders who focus on long-term investments are also potential users.
Algorithm Traders: MultiCharts also offer algo trading, thus, allowing algorithm traders to use the platform.

MultiCharts Pricing Plans

The MultiCharts pricing starts from $97 per month. There are other plans as well that cost higher as per time frame. However, the price per month may also increase with the addition of features.

MultiCharts Pricing for 1 Month - $97 per month
MultiCharts Pricing for 3 Months - $89 per month
MultiCharts Pricing for 1 Year - $66 per month
MultiCharts Pricing for Lifetime - $1,497

(The per-month pricing is only applicable when you pay it in one go!)

MultiCharts Features

Integrations

API Integration Connects with external APIs for custom trading, data feeds, or system automation.
Multi-Language Support Provides the ability to use the software in various languages for global accessibility.
Third Party Integration Supports tools like research platforms, analytics software, and financial news services.
Market Data Integration Links the platform to real-time market data feeds for timely trading decisions.
Brokerage Integration Connects to brokerage accounts for seamless trading and order execution.
Cloud Data Integration Stores and accesses trading data through cloud services for scalability.
Social Media Integration Connects with social platforms to track sentiment, discussions, and trends.

Core Features

Portfolio Management Track and analyze investment holdings, returns, and asset allocation in real time.
Market Data Real-time and historical stock price feeds, trade volume, and market indices for analysis.
Watchlist A customizable list for monitoring preferred stocks, providing real-time updates on price and volume.
Charting Tools Visual tools for analyzing stock trends and patterns using technical indicators and price movements.
Order Control Tools to manage, modify, and cancel buy or sell orders efficiently on the trading platform.
Order Execution Automated system to process buy/sell orders directly via the broker and stock exchange.
Stock Screener Filters stocks based on specific criteria like market cap, P/E ratio, or price movement.

Order Execution

Limit Order An order to buy/sell at a specific price or better, ensuring price control but not guaranteed execution.
Market Order Buy/sell immediately at the current market price, ensuring execution but no price control.
Stop (Loss) Order Automatically sells stock when it drops to a pre-set price to minimize losses.
Stop Limit Orders Combines a stop-loss order with a limit order to sell/buy once a set price is triggered.
Trailing Stop Order Automatically adjusts stop price as the market price moves in favor of the position.

Research and Analysis

Multi-Timeframe Analysis Analyzes price trends across different timeframes for better decision-making.
Sentiment Analysis Evaluates market sentiment from news and social media to gauge stock trends.
Advanced Order Flow Analysis Tracks and analyzes buying and selling activity across the market.
Analyst Ratings Displays professional analyst opinions on stocks, including buy, hold, or sell recommendations.

Trading Options

Paper Trading Practice trading without risking real capital using simulated environments.
Swing Trading A strategy that captures shortto medium-term gains from price swings.
Intraday Trading Buy and sell stocks within the same trading day to capitalize on short-term movements.
Derivative Trading Trade derivatives like options, futures, and swaps based on underlying assets.
Algorithm Trading Executes trades based on pre-set algorithms without manual intervention.
Options Trading Allows the buying/selling of call and put options for speculative or hedging purposes.
Futures Trading Trade contracts to buy or sell assets at a future date at predetermined prices.
Forex Trading Enables trading in currency pairs based on fluctuations in the foreign exchange market.
Crypto Trading Buy/sell cryptocurrencies like Bitcoin and Ethereum on dedicated platforms.
Automatic Trading Uses automated systems to execute trades according to predefined criteria.
Rotational Trading Alternates investments between sectors, asset classes, or strategies based on market trends.
Spread Trading Speculative trading of the price difference between two assets.

Account Management

Multi-Factor Authentication (MFA) Adds a second layer of security to protect accounts from unauthorized access.
Customizable User Interface Allows users to personalize the layout and appearance of the platform.
Audit Trail Tracks and logs user activity to maintain compliance and security.
User Access Management Controls who can execute trades, view reports, or manage funds based on assigned privileges.
Account Summary Reports Provides detailed summaries of account balances, holdings, and transactions.

Technical Analysis

Trendlines Visual representation of stock price trends over time to predict future movements.
Technical Indicators Tools like RSI and MACD for analyzing stock price momentum and direction.
Custom Indicators Create and apply personalized technical indicators for unique trading strategies.
Smart drawing tools Customizable tools to draw patterns like support, resistance, and Fibonacci retracements.
Automated Technical Patterns Detection Automatically identifies patterns like head and shoulders or flags.

Fundamental Analysis

Industry Analysis Compares stock performance against industry benchmarks for relative valuation.
Balance Sheet Shows a company's assets, liabilities, and shareholders’ equity for financial health analysis.
Income Statement Displays a company’s revenue, expenses, and profitability over a specific period.
Financial Ratios Key metrics like P/E and P/B ratios to evaluate stock value relative to financial performance.
Cash Flow Statements Tracks cash inflows and outflows to assess company liquidity and operational efficiency.
Earnings Forecasts Predicts future earnings based on historical data and market conditions.
Company Valuation Models Estimates a company’s value based on DCF, NPV, and other valuation methods.

Backtesting and Optimization

Paper Trading Practice trading without risking real capital using simulated environments.
Historical Data Simulation Tests trading strategies against past data to assess their effectiveness.
Strategy Tester Evaluates the performance of trading strategies before deploying them in live markets.
Strategy Optimization Fine-tunes trading strategies by adjusting parameters for improved performance.
Monte Carlo Simulation Uses probabilistic models to forecast trading outcomes in uncertain conditions.

Risk Management

Performance Analytics Tracks portfolio and trade performance through returns, drawdowns, and risk measures.
Position Sizing Calculator Determines the appropriate trade size based on risk tolerance and market conditions.
Stop-Loss Automation Automatically implements stop-loss rules to limit potential trading losses.
Maximum Drawdown Analysis Measures the largest peak-to-trough decline in a portfolio's value.
Risk Calculator Estimates potential profit/loss scenarios based on trade size and risk percentage.
Diversification Analysis Analyzes portfolio risk by evaluating asset allocation and exposure to different sectors.

Reporting & Analytics

Dashboards Visual displays of key metrics like portfolio performance, risk levels, and trade history.
Portfolio Tracking Real-time tracking of your investments, including value, returns, and allocations.
Customizable Reports Tailored reports to analyze performance, tax implications, or investment behavior.
Trade Performance Attribution Breaks down the source of trading gains or losses for better analysis.
Risk Analytics Analyzes portfolio risks by measuring volatility, drawdowns, and exposure.

Alerts & Notifications

Price Alert Notifies users when stock prices reach a specific target or threshold.
Push Notifications Sends updates directly to mobile devices for timely decisions.
Volume Alerts Signals abnormal trading volume, indicating potential market movements.
Real-Time Market Updates Sends alerts on price changes, market movements, and breaking news.
News Alert Delivers important financial news related to specific stocks or sectors.
Sentiment Alerts Notifies users of changes in market sentiment based on social or news analysis.

MultiCharts Reviews

Have recommended this product

Overall Score

4.2/5

Based on 10 Reviews

Features 4.2/5

Value for Money 4.3/5

Ease of Use 4.3/5

Customer Support 4.2/5

Review this product

Your valuable feedback helps others like you make a better decision.

Pros

pros_icon “MultiCharts offers a variety of tools for volume analysis, such as volume bars and indicators. This has been helpful in understanding market trends and making informed trades.” Nishu Chawla - Sep 2, 2024

pros_icon “MultiCharts offers solid data management through QuoteManager, which helps me maintain and organize data effectively. It’s useful for managing historical data too.” Nishant Goyal - Jul 18, 2024

pros_icon “The Portfolio Trader tool on MultiCharts is useful for managing multiple assets at once. It’s made handling a variety of stocks and futures much simpler for me.” Rakesh - Jul 18, 2024

Cons

cons_icon “Although the visuals are great, the interface can feel crowded. Some customization options would make it easier to arrange everything the way I like. ” Nitish Kumar - Sep 5, 2024

cons_icon “Setting up automated trading can be challenging without coding experience. A few more beginner-friendly resources would be helpful. ” Nitin Sikri - Sep 2, 2024

cons_icon “Some of the volume tools feel a bit outdated. An update with more modern visuals would enhance the experience. ” Nishu Chawla - Sep 2, 2024

Nishant Goyal

Verified reviewer:

Accountant, SAAS

101-500 Employees

Software user since: 1-2 years

Reviewed on: Jul 18, 2024

4.3/5

“Efficient Tool for Data Management”

MultiCharts is perfect for traders who need robust data management options.

Pros : MultiCharts offers solid data management through QuoteManager, which helps me maintain and organize data effectively. It’s useful for managing historical data too.

Cons : It can feel a bit clunky and slow when handling large amounts of data. A performance upgrade would improve it.

Switched from : GoCharting

Reason to switch : MultiCharts offered better data organization tools, especially for local data management.

Features

4.5/5

Value for Money

4/5

Customer Support

4.5/5

Ease of Use

4.5/5

rakesh

Verified reviewer:

Manager, Events

101-500 Employees

Software user since: 1-2 years

Reviewed on: Jul 18, 2024

4.5/5

“Versatile for Portfolio Management”

MultiCharts is a great option for traders with diverse portfolios. With the Portfolio Trader, you can monitor and manage numerous assets from one platform. It could use a bit more organization in its layout, but it gets the job done.

Pros : The Portfolio Trader tool on MultiCharts is useful for managing multiple assets at once. It’s made handling a variety of stocks and futures much simpler for me.

Cons : Portfolio Trader could be improved with better visual organization. Navigating between multiple assets can get confusing.

Switched from : Smart Trade System

Reason to switch : I wanted a platform with better support for portfolio management, and MultiCharts has been helpful in that aspect.

Features

4/5

Value for Money

4.5/5

Customer Support

4.5/5

Ease of Use

5/5

Varun Jain

Verified reviewer:

Manager, IT

101-500 Employees

Software user since: 6-12 months

Reviewed on: Jul 18, 2024

4/5

“Great Platform for Backtesting Strategies”

MultiCharts is excellent for those looking to backtest their trading strategies. It offers thorough analysis and provides detailed performance reports, helping traders make necessary adjustments. Although backtesting can be slow with large datasets, the results are very reliable.

Pros : Backtesting on MultiCharts is quite accurate and provides a detailed report. I can rely on it to evaluate my trading system and see where improvements are needed.

Cons : Running backtests on large datasets can take longer than expected, which sometimes delays my process.

Switched from : Edelweiss TX3

Reason to switch : I needed more in-depth backtesting reports, which MultiCharts provided.

Features

3.5/5

Value for Money

4/5

Customer Support

4.5/5

Ease of Use

4/5

See all MultiCharts reviews

Brand Name	MultiCharts
Information	MultiCharts is an award-winning trading platform. Whether you are a new trader or a professional, MultiCharts has features that may help you achieve your trading goals.
Founded Year	2001
Director/Founders	Denis Globa
Company Size	1-100 Employees

MultiCharts

MultiCharts Software Pricing, Features & Reviews

What is MultiCharts?

Notable Features of MultiCharting

Why Choose MultiCharts?

Who can use MutiCharts?

MultiCharts Pricing Plans

MultiCharts Pricing & Plans

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