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MotiveWave Review
MotiveWave is an advanced charting service that features easy-to-use software with deep technical analysis and trading capabilities by integrating its software with your current broker. The charts are highly customizable with a ton of different indicators you can utilize based on your trading style and strategies with specialized indicators like Elliott Wave, Fibonacci, Gartely, Gann and Ratio analysis. They also feature powerful scanners, strategy building, back testing, replay mode and trade simulation. What I really like about MotiveWave is that they have a product package that will meet any budget and their software compatible with Mac OS. The only thing you should double check is if your broker is listed as compatible with their software because not all of them are. You can check this link out for a list of supported brokers.
One thing that I really liked was that they offered a user guide for every product and even a guide for downloading the software. The information is laid out in an easy-to-use format that makes understanding the complex software a lot easier.
Cost
MotiveWave has a few different products you can chose from based on what you need and what your budget is. What is really nice is that their fees are one time meaning you don’t have to pay a monthly fee for their software. So for their first package it’s only $99 and includes all the basic charting capabilities with plenty of indicators including moving averages, trend lines, Fib Expansions/Extensions and a bunch of other useful tools and indicators. Once you pay the $99 you get the software for as long as you want but you only get customer support and the updates for the software for the first year so anything after that you’ll the same version. This is the cheapest package they offer with the next one being Chart Plus that runs $195 for the licensing fee. It has everything that you get in the basic version plus a ton more studies and you’ll get the replay mode so you can watch stocks trading over again to see how you can improve. I find this tool to be very useful especially when the market first opens and everything is trading fast.
The next edition is simply called Trade which runs $295 for a lifetime license and includes everything mentioned before plus you’ll gain access to advanced order entry, time and sales and different time frame studies for traders using multiple charts to name a few of the additions. The biggest addition with this version is you’ll be able to trade straight from the charts which makes thing a lot easier and more streamlined.
Following the Trade edition is the Strategy edition that bumps up in price to $595 for the lifetime license. This is where things start to get interesting as you will now have access to built in strategies, the ability to build your own strategies with Java scripts, back testing, replay mode and advanced alerts to name a few. These are some very powerful additions with back testing something that I use frequently to test new strategies that I’m working on. Replay mode has also played an important role in improving my trading by going back and watching price action I am able to analyze my thought process with more clarity so I can work on my decision making when I’m in the heat of the moment.
Professional is the second to last edition that they offer with a lifetime license costing $995. In this edition you’ll have access to everything else mentioned before plus the ability to have multiple brokers connected to the software, option chains, advanced fibonacci, custom instruments and a study scanner to name some of the upgrades. The main benefit from this upgrade is the ability to access multiple brokers at the same time.
The last edition is called the Ultimate Edition and it runs $1595 for the lifetime license. This edition has everything I’ve talked about before plus you will get advanced studies with the Elliot Wave, Gartley Components, and Gann Components with automatic chart plotting and scanning. This may seem like a lot but if you’re planning on using it for a while then the licensing fee will get cheaper and cheaper each month since you are only paying it one time as opposed to say eSignal that charges a monthly fee.
Final Thoughts
MotiveWave has a good thing going here with powerful charting capabilities and a plethora of upgrades and add-ons that can make it even more powerful. The price points may seem like a lot at first but like I mentioned above, the longer you use it the cheaper it becomes. So for example if you paid the $195 edition for one year that comes out to $16.25 a month but if you use it for two years it comes down to just $8.12 per month. That’s a deal! They also have option to lease the license for a certain period of time at a discounted price and if you want to try it beore committing any money you can check out there free trial that they offer. Overall, MotiveWave has a solid product that will provide some sophisticated and powerful charting to your trading arsenal.
As always, if you have any questions or comments regarding MotiveWave, please leave us a message below!
From time to time we refer third-party products or services to you. We may receive compensation from those third parties whose products or services we refer, however, our reviews and recommendations are independent of any compensation we may receive. There is no obligation for you to interact or transact with these third parties.
Reviews by Warrior Trading
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Siebert Broker Review 2019
Value For Investors Value For Day Traders Commissions & Fees Trading Platform & Tools Customer Service 3.5 Summary Siebert is an old school style brokeridge with no charting software. Although Siebert has excellent customer service they have extremely high fees. Seibert is meant to target high net worth individuals. Siebert’s brokerage services are only a […]
TradingSim Review
Value For Investors Value For Day Traders Cost User Experience Innovation 4.4 TradingSim Review TradingSim is a trading simulation software that allows you to practice trading whenever you want for any day from the past two years. This allows you to approach the market with less stress while you try new strategies and work on […]
ChoiceTrade Broker Review
Value For Investors Value For Day Traders Customer Service Commissions & Fees Platforms & Tools 4.6 Summary ChoiceTrade is an online broker that specializes in active self-directed trading, including day and swing trading. The main downside to this broker is they only offer equities, options and mutual fund trading. Cryptocurrency and Futures are not offered […]
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Value For Investors Value For Day Traders User Experience Innovation Cost 4.4 MadScan Review MadScan is a powerful scanning software that allows traders and investors to scan the markets and provide you with the data in an easy-to-use format. This gives traders eyes on a much larger part of the market without having to constantly […]
TradingBlock Broker Review
Value For Investors Value For Day Traders Commissions & Fees Platform & Tools Customer Service 3.8 TradingBlock Broker Review TradingBlock is an online discount broker that has focused in providing their clients the tools necessary to achieve financial growth over the long term. Their commissions schedule is in line with most discount brokers but where […]
Investrade Broker Review
Value For Investors Value For Day Traders Commission & Fees Trading Platform & Tools Customer Service 3.8 Investrade Broker Review Investrade is an online broker that focuses on providing brokerage services to self-directed traders for discounted price. Clients will have access to a full range of investment products such as Stocks, ETF’s, Mutual Funds, Fixed […]
The Fly On The Wall News Review
Value For Investors Value For Day Traders Cost User Experience Innovation 4.4 The Fly On The Wall News Review The Fly On The Wall is a intuitive, real-time news feed that is used mainly by active traders and investors who follow the markets daily and need to be abreast of market news and chatter. It’s […]
Venom Trading Review
Value For Investors Value For Day Traders Customer Service Commission & Fees Platform & Fees 4.5 Venom Trading Review Venom Trading is an online broker that is a subsidiary of Cobra Trading which was created for traders who couldn’t meet the $30,000 account minimum required at Cobra Trading. At Venom Trading you only need $5,000 […]
Marsco Broker Review
Value For Investors Value For Day Traders Commission & Fees Trading Platform & Tools Customer Service 3.2 Marsco Broker Review Marsco is an online broker that offers deep discounts on commissions with a user friendly website that is streamlined with only necessary information. They offer trading in equities, options, ETFs, mutual funds and fixed income […]
Place Trade Broker Review
Value For Investors Value For Day Traders Commissions & Fees Trading Platform & Tools Customer Service 4.6 Place Trade Broker Review Place Trade is a global full service online broker that offers services to both self-directed traders and clients looking for full guidance from one of their Investment Advisors. They offer all asset classes from […]
Just2Trade Broker Review
Value For Investors Value For Day Traders Commission & Fees Trading Platform & Tools Customer Service 3.8 Just2Trade Broker Review Just2Trade is a deep discount online broker that offers some of the lowest commission rates in the industry while at the same time having powerful and sophisticated trading software for active traders. Their website has […]
Fidelity Broker Review
Value For Investors Value For Active Traders Commission & Fees Platform & Tools Customer Service Order Execution Mobile Trading 3.9 Summary As far as full service brokers go, Fidelity is one of the best. They have all the shoots and whistles for investors but if you are an active trader then you may want to […]
SMB Training Review
Value For Investors Value For Day Traders Customer Service Innovation User Experience 4.6 SMB Capital is a proprietary trading desk located in New York City that started SMB Training to assist developing traders to be consistently profitable by following setups they have developed that have an edge in the markets. SMB’s partners include two very successful […]
Charles Schwab Broker Review
Value For Investors Value For Day Traders Commissions & Fees Platform & Tools Customer Service Order Execution Mobile Trading Options Trading 4.1 Summary Overall, Charles Schwab is a solid broker that offers plenty of tools and resources that will help assist their clients meet their financial goals. With the StreetSmart Edge you’ll have all the […]
Futures Online Broker Review
Value For Investors Value For Day Traders Customer Service Platform & Tools Commissions & Fees 4.5 Futures Online Broker Review Futures Online is an online discount broker that focuses on providing superior technology for the active futures trader. I know the name seems like they would only offer futures trading but they do also offer FOREX […]
QuesTrade Broker Review
Value For Investors Value For Day Traders Commissions & Fees Platform & Tools Customer Service 4.2 Questrade is an online discount broker that offers Canadian residents access the U.S. markets through their flagship trading platform Questrade IQ Edge which includes streaming quotes, market data and direct market access (DMA) with competitive commission rates. They offer […]
FirsTrade Broker Review 2019
Value For Investors Value For Day Traders Commission & Fees Trading Platform & Tools Customer Service Order Execution Mobile Trading Options Trading 3.9 Summary Firstrade has come a long way since its founding days. The discount broker has been able to transform its website to be user friendly, integrated its new trading platform with intuitive […]
Simpler Options Review
Value For Investors Value For Day Traders Customer Service Innovation User Experience 4.5 Simpler Options is an online trading community that was founded by John Carter, author of Mastering The Trade, in 2010. In the chat room, John and his highly experienced traders provide the community with real time market analysis, actionable trade ideas and […]
Cobra Trading Broker Review
Value For Investors Value For Active Traders Commission & Fees Platform & Tools Customer Service Order Execution Options Trading 4.8 Summary Cobra trading is a sophisticated direct access broker designed to fit the needs of institutional and retail traders. Note that futures trading with cobra is only available via venom. Overall Cobra is a quality […]
eOption Broker Review
Value For Investors Value For Active Traders Commissions & Fees Platforms & Tools Customer Service 3.5 Summary eOption has a great offerings but also some shortcomings. High-volume option traders on a budget may find a good value and non-US citizens with at least $25,000 may find something they like, too. But for other traders, eOption’s […]
ChartPattern.com Review
Value For investors Value For Day Traders Cost Customer Service User Experience 4.5 Summary This is a great trading resource that will definitely put you on the fast track to making more money and teaching you great strategies that you can use for a long time in your own trading. Dan’s expertise and experience over […]
Capital One Investing Broker Review 2019
Value For Investors Value For Acitve Traders Customer Service Platform & Tools Commissions & Fees Order Execution Mobile Trading Options Trading 3.3 Summary Capital One Investing is a broker suited for casual investors. It lacks the necessary tools for active traders to succeed like hotkeys, direct market access and a powerful platform. Capital One Investing […]
Merrill EDGE Broker Review – What We Like In 2019
Value For Investors Value For Day Traders Customer Service Commission & Fees Trading Platform & Tools 4.2 Summary Merrill EDGE is a versatile broker accommodating to new and experienced traders. Competing with other big name brokers such as T.D. Ameritrade and E-trade, Merrill EDGE has won the Barron’s 2018 Best Online Broker Survey for 5 […]
OptionsXpress Broker Review 2019
Value For Investors Value For Active Traders Commission & Fees Platform & Tools Customer Service Order Execution Mobile Trading 3.8 Summary Overall, OptionsXpress proves to be a solid broker for traders looking to trade options, however, there are cheaper and better brokers out there. OptionsXpress is an online discount broker that focuses on providing top […]
Scottrade Brokerage Review
Value For Investors Value For Day Traders Customer Service Commission & Fees Platform & Tools 4.2 Scottrade Inc. is a discount broker that offers both online services and brick-and-mortar offices with hundreds of locations all over the nation where you can get professional in-person service for a very competitive commission rate. They were founded by CEO […]
SogoTrade Review 2019
Value For Investors Value For Active Traders Commissions & Fees Platform & Tools Customer Service Order Execution Mobile Trading Options Trading 3.4 SoGoTrade is an discount online brokerage firm that has been servicing its clients since 1986 and focuses on keeping a very low commission rate compared to its competitors. They offer all the major asset […]
TAS Market Profile Review: Why I Love TAS Market Profile
Value For Investors Value For Day Traders Reliability Cost Customer Service 4.7 TAS Market Profile is a renowned leader in market intelligence, proprietary technical analysis as well as the training of day traders. The company was founded with the following objectives in mind – to develop industry leading charting and financial tools that allow market […]
TD Ameritrade Broker Review [2022]
Value For Investors Value For Active Traders Commissions & Fees Platform & Tools Customer Service Order Execution Mobile Trading Options Trading 4.7 Summary TD Ameritrade is now commission FREE. This is huge for investors and day traders alike. What we really like about Ameritrade is their sophisticated platform, Think or Swim, as well as their […]
OptionsHouse Broker Review
Options House Review Quality Rating Cost vs Value Reliability Coolness Factor Options Trading Quality Stock Trading Quality 4.2 Summary Options House offers a commission structure is fixed and fairly competitive. The options per contract pricing is cheaper than most of the big retail brokerages. The stock pricing is flat rate at $4.95, but most of […]
Finviz Stock Screener Review: A Powerful Trading Tool
Finviz Review Value For Investors Value For Day Traders Commission & Fees User Friendly Customer Service Platform & Tools 4.5 Summary Finviz is a relatively powerful, easy-to-use scanning tool that will not break the bank. It should be a tool that all new traders need to have in their toolbox. Once you have established yourself […]
E*TRADE Broker Review
ETRADE Review Value For Investors Value For Active Traders Commissions & Fees Platform & Tools Customer Service Order Execution Mobile Trading Options Trading 3.3 Summary E*Trade is a quality broker that has a lot to offer, but for day traders, it may not be the best option. Pros Several trading platforms to choose from Good […]
TradeKing Review by Warrior Trading Reviews
Trading King Review Quality Rating Cost vs Value Reliability Coolness Factor Customer Service 3.9 Summary In today’s broker review we will be taking an in depth look at TradeKing, a rapidly growing and popular discount brokerage firm. Can this discount broker satisfy your active trading needs? TradeKing: Broker Review TradeKing is a relatively new […]
Lightspeed Broker Review [2022]
Lightspeed Review Value For Investors Value For Active Traders Commission & Fees Platform & Tools Customer Service Order Execution Options Trading 4.6 Summary Lightspeed Trading is one of the premier brokers when it comes to day trading. We really liked their platform and commission schedule but if you aren’t an active trader then this broker […]
Trade Ideas Software Review [2024]
Trade Ideas Review Value For Investors Value For Active Traders Commissions & Fees Platform & Tools Customer Service Reliability 4.8 Summary Trade Ideas is an invaluable asset for any trader. Out of the thousands of stocks in the market that you could trade, these scanners will find the small handful that are actually worth trading […]
Benzinga Pro Streaming News Review [2022]
Benzinga Review Value For Investors Value For Active Traders Fees Customer Service Mobile App 4.3 Summary Benzinga Pro has proven to be a vital tool for active traders and is one we highly recommend for both beginner and experienced traders. Pros Lots of great resources Many materials are free Excellent Pro platform Video and audio […]
Robinhood App Review – The Real Cost of “Free Trades”
Value For Investors Value For Active Traders Reliability Customer Service Shorting Platform & Tools Trade Execution Fees 3.4 Summary Robinhood is a FREE “No Commissions” Broker. The first of it’s kind! Unfortunately, it appears Robinhood made the decision to go with zero commissions at the sacrifice of features that have been standard on every broker […]
eSignal Charting Software Review [2022]
eSignal Review Value For Investors Value For Active Investors Fees Customer Service Mobile Trading 4.6 Summary eSignal offers the best charting platform for professional traders. At $170/mo it may not be a good option for beginner traders who are on a tight budget. For beginner traders, TC2000 is likely a most cost effective platform. […]
Suretrader Review: They Are Closing Their Doors
SureTrader is Closing its Doors In case you haven’t heard, SureTrader is closing down. Check out this article for everything you need to know!
Speedtrader Review by Warrior Trading
Speedtrader Review We recommend traders check out Lightspeed Financial as an alternative to Speedtrader. Lightspeed is currently offering promotions for all Warrior Trading Students which make them a more cost effective solution.
Top 3 Online Trading Brokers
As a new trader you are often faced with a plethora of choices when venturing out into the retail trading world. Whether you are looking for a broker with cheap commissions, a solid trading platform, powerful mobile app or a broker with top notch trading education, you have got to do your research. Whatever you […]