TradingEconomics Review – Pricing Plans, Main Features, And Much More

TradingEconomics is a company that has been around for almost 20 years. With headquarters in the US, you surely expect them to know a bit more about financial markets than the average company.

However, if that was the case, they wouldn’t be only offering economic indicators that involve zero risk. Anyway, after this unbiased TradingEconomics review, you will understand if these tools are the right choice or not.

Legal Information

With quite poor transparency about ownership and legal information, some traders might think this firm is not legit. However, they only provide trading tools, and therefore, it’s only up to traders to decide if they are worth it. Anyway, it appears this company is operated by IEconomics INC, which was registered in New York, US. 

Since the company doesn’t hold any responsibility for your funds in trading accounts, they are not required to have any regulatory oversight. That’s what makes everything even more problematic. If you use the company’s data and lose money, it’s still your fault. 

What Do Traders Say?

Even though the company has been around since 2006, there are very few TradingEconomics reviews available. If you look at the Trustpilot platform, you will find 19 comments at the moment, and surprisingly, more than 50% negative ones. 

It appears the company’s presentation about its pricing plans is not that genuine. So, watch out for the small print in the T&Cs you will accept. To expand your knowledge about trading firms and offers, check our BeSomebodyFX review as well. 

What Features Traders Can Get?

As can be seen, the company provides economic indicators for the main asset classes widely used by brokerages. Therefore you can expect TradingEconomics commodities, stocks, indices, bonds, and exchange rates market data. 

Also, you can get live market data, as well as delayed and historical data for all these categories. Such features give you a broad range of possibilities for trading analytics. Still, to understand all of those, you have to be equipped with proper trading knowledge. 

Pricing Plan Offers

Even though the presented pricing plans on the TradingEconomics website look transparent, it appears there’s a catch with it. There are three options traders can choose from; each plan gives you more features. Of course, every next plan requires a higher monthly payment. 

In any case, you can choose between:

• Standard plan – $199/month
• Professional plan – $399/month
• Enterprise – Customized 

The problem with these plans is quite poor feature availability. You can only get 500 series per month with Standard plan, Excel Add-in, and Google Sheets, alerts, and forecasts. The only advantages of the Pro plan are bulk downloads and Python Access. 

Trial Week Irregularities

Whether you have an interest in the TradingEconomics stock market data, cryptos, or anything else, you could have a trial week to test out all the features. Usually, when we think of a trial, it doesn’t require any payments. 

Yet, with this firm, it takes $49 or $99, depending on the pricing plan you choose, to get the trial week started. The worst thing of all is that if you cancel the subscription, you immediately lose access to all the features. Fairly, when you have companies like Funded Trading Plus that offer a wide range of tools practically for free, why would you waste money here? 

Mobile Apps Compatibility

On the positive side, TradingEconomics markets analytics can be accessed via dedicated mobile apps. Whether you are an iOS or an Android user, the company got you covered. Still, with only a bit over 100K downloads on PlayStore, they can’t compare with some top-tier analytics tools experienced traders are using. 

However, a huge benefit of using the app is the TradingEconomics API feature for calendar and REST Indicators that you can access instantly. With these features, you can react pretty quickly to any market change and update. 

Also, don’t miss our Wetalktrade review to find out where such features can be useful. 

Key Pros And Cons

Generally speaking, good trading indicators can really help you make better trading decisions. However, to understand them properly, you need to have good knowledge and a lot of experience. Otherwise, paying for such tools is practically meaningless, especially when the pricing plans for TradingEconomics data analysis are quite expensive. 

The worst thing of all is that such indicators are not a guarantee for success. So, you’ll end up paying, for instance, $400 or more for tools you practically don’t know how to use. Even if you know, there’s a high chance you won’t make anything out of it. 

And still, you have to deposit money with a trading firm or exchange, whatever you use. Instead, you can sign up with Funded Trading Plus and get it all in one package. 

Advantages Of Prop Trading

One of the key advantages of prop trading is low risk. Firstly, companies offer you a wide range of tools and trusted platforms for evaluation phases. Even though these phases include fees, it’s totally worth it. Once you pass the challenge, you become a partner trader and get up to $200k in the funded account. Most importantly, the profit split goes up to 90% in the favor of a trader.

Secondly, companies like the UK’s Funded Trading Plus have amazing reputations. Not without a reason. Why try to make a wheel when it already exists? Simply jump on a success train and start building your portfolio today. 

Don’t forget it takes $0 to sign up with Funded Trading Plus and explore all the available options. Register your account today and get a chance to participate in amazing promotions and giveaways. 

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