Whether you’re a seasoned trader or just starting out, finding the perfect trading platform and software can be a difficult process. With so many options available, it’s important to find a tool that not only fits your budget but also provides comprehensive analysis and reliable features. The trading landscape is constantly changing, so having access to the latest technology and accurate data is essential for staying ahead of the competition.
MotiveWave Software is one such platform that promises to provide traders with exactly that. Founded in 2010 as a privately held company, MotiveWave has been dedicated to developing a trading platform with the most advanced charting and analysis tools available.
In this article, we’ll take a closer look at MotiveWave Software and its features to help you determine, is MotiveWave legit?
Learn More About MotiveWave
Company History
MotiveWave Software was created to address the need for a tool that could help investors find good stocks in real-time. The founders designed a customized server-based technology that connects directly to the exchanges, watching every single stock and ETF traded and measuring behavior against the past in real-time.
The company has come a long way since its founding more than 10 years ago, releasing updates with new features and enhancements to the software. Today, MotiveWave offers five different editions of their product ranging from basic charting software (down to single charts) to full fledged professional trading platform, with backtesting and strategy execution . All editions come with lifetime licenses and additional add-on modules can be purchased to further expand the features available.
Even better, you can try MotiveWave today with a risk-free 14 day trial. (No credit card required)
Is Motivewave Worth it?
Are you wondering if MotiveWave is worth your investment? Let me tell you, it is! This platform has some of the most powerful scanning capabilities out there, which means you can perform stock scans using a variety of technical indicators and analysis tools to identify trends throughout the stock market. Plus, with all editions of the software, you’ll get access to features like Trend Line, Comment, Fib Extension, Fix Expansion, Fib Retracement, Fork and Arrow Markers, PSAR, RSI, Pivot Points, Ichimoku Kinko Hyo, and more.
But that’s not all. MotiveWave offers several editions with various features that cater to all levels of traders. The Charts Plus Edition has multi-timeframe studies, replay mode, and over 275 popular studies. The Trade Edition includes features like a trade panel, Buy/Sell boxes, one-click orders, entry and exit strategies, and order management. For the more advanced traders, the Ultimate Edition includes Gann components, Elliott Wave Tools, Automatic Wave Labeling, Auto Analyzer, Elliott Wave Scanner and Strategies, and Gartley Tools.
And let’s not forget about the educational resources. MotiveWave has an extensive library of video tutorials, webinars, a user community forum, an online help desk, chart templates, API and SDK support, software comparisons, and tutorials on advanced analysis tools like Elliott Waves, strategy trading, walk-forward testing and Gann Theory. This means traders of all levels can make informed investment decisions, thanks to the ease of use and accessibility of the platform.
Customer Reviews
MotiveWave Software has received an average rating of 3.7 out of 5 on Trustpilot, with 55 reviews to date. While there are some mixed reviews, the majority of users have found the software to be exceptional, praising its advanced features and user-friendliness. MotiveWave is perfect for professional traders who need a full range of tools at their disposal, but it’s also easy enough for beginners to navigate. The ability to save workspaces to the cloud is a big selling point, allowing users to seamlessly switch between devices without any disruptions. One user highlighted the software’s “great DOM and time and sales window” and “full load” of indicators, essential for traders who rely on these tools. Overall, MotiveWave Software has garnered positive reviews and satisfied users who have found it to be a valuable asset in their trading endeavors.
Pricing is always a concern when it comes to trading software, but many users have found MotiveWave to be a good value for its range of features. One user said they found it to be the “best value out there for a full feature rich platform.” This is especially notable considering the fact that some trading software can be quite expensive, so the value for money is a big plus.
As with any software, there are some downsides. One user mentioned that the software can be slow compared to other systems they have used, and they also found the need for annual updates to be a drawback. However, MotiveWave responded promptly to this review, clarifying that updates and support are optional after the first year, and that their support team is available to help with any performance issues.
Here are two customer reviews listed on TrustPilot:
“MotiveWave an Advanced Trading Application – I have been trading for over 7 years (full-time). I mainly use the MotiveWave DOM, Footprint, TPO, Volume Profiling, and Elliott wave components. I find the the tools to be intuitive to use and at the same time very sophisticated. MotiveWave order execution tools are great and can be trusted! The support is also very good. MotiveWave will give you an edge in the market!”
“Motivewave is second to none – I have been using Motivewave for 8 years. I came from another product that I thought was extensive in features. This was before I started using Motivewave. I have researched many different products and there is nothing else out there like Motivewave. The developers are easy to work with. The support staff is nice, knowledgeable, and responsive. The product is feature-rich and evolves with frequent updates. I couldn’t ask for a better charting/analysis platform.”
Final Thoughts – Is MotiveWave Legit
After taking a closer look at MotiveWave Software, it’s clear that this trading platform is a solid choice for both beginner and advanced traders. With advanced charting and analysis tools, extensive educational resources, and a range of editions to fit different needs, MotiveWave is a well-rounded platform that we can confidently say is legit, and worth it.
While there are some mixed reviews, the majority of users have praised the software’s advanced features, user-friendliness, and value for money. The ability to save workspaces to the cloud and access updates and support as needed are also big advantages.
Additionally, MotiveWave’s prompt response to customer concerns and its dedication to continuous improvement show that it is a legitimate and trustworthy company. Overall, MotiveWave is a great option for traders looking for a comprehensive trading software that offers reliable performance and advanced analysis tools. So why wait? Click here and check out Motivewave today!