Bookmap is a visual trading platform that allows traders to see market depth and order flow in real-time.
It is commonly used by day traders for Crypto, futures, and stock trading. The platform allows traders to see the order flow, volume, and market depth in a graphical format, which can help them make more informed trading decisions.
Bookmap can also be used for algorithmic trading, which allows traders to automate their trading strategies using the data from the platform.
This Bookmap review will cover the main features of the platform to help you decide if it’s the right trading tool for you.
The power of Bookmap lies in it’s visualization features that go beyond basic candlestick charts.
Heatmap: Bookmap provides an advanced, yet intuitive, heatmap visualization of the limit order book. With volume bubbles and color-coded price action, you can quickly see market liquidity and other trading opportunities in real-time.
One-click trading: Trade right in the program without having to type in orders. This allows you to react quickly to market changes or take advantage of short-term opportunities.
Compatibility: Bookmap offers connectivity with a wide range of data sources, so it won’t be hard to find the data you’re looking for.
Record and Replay: You can record trading sessions and replay them back later to learn and optimize your strategy.
Comprehensive order book: You can see the whole limit order book, allowing you to visualize the depth of market and order flow in real-time, which can provide valuable insights into market sentiment and trading activity.
Fully customizeable: Create custom indicators and add annotations to charts. You can also customize the color scheme, chart layout, and other settings to create a chart display that is tailored to your preferences.
How Much Does Bookmap Cost?
Bookmap has four pricing options with different features available.
Free: There is a Free Version of Bookmap that gives limited, real-time data on crypto. The free version also includes access to the primary visualization features like the heatmap and the volume dots.
Digital Plus: $16/month, paid yearly, or $19/month paid monthly. Still includes only Crypto data, but digital Plus adds in one-click trading on crypto and more key features such as price levels.
Global: $39/month paid yearly or $49/month paid monthly. There’s also an option for a one-time payment of $990. The Global plan adds real-time data for futures and stocks, as well as the liquidation indicator and the ability to view up to 10 symbols at once.
Global Plus: $79/month for yearly, $99/month if paid monthly, and $1990 for the lifetime option. Global Plus gives access to the full suite of features, including one-click trading for stocks and futures, and advanced features such as DOM Pro and the Multibook Customizer.
Bookmap isn’t the only option for day traders, so you’ll want to check out some other popular platforms and compare features.
Trade Ideas is a powerful stock scanner. It offers in-depth analysis with both traditional charting and advanced AI methods. The cost ranges from $84/month to $167/month depending on the features you want.
TrendSpider is a browser-based tool that focuses on technical analysis. TrendSpider uses machine learning and has many different charts available. The cost ranges from $39 to $119.
TopStepTrader is for funded futures trading. With TopStep, you can become an active day trader without having to use significant assets of your own. The program starts at $165/month.
Each of these platforms has it’s pros and cons, and the right one for you will depend on your trading needs.
Bookmap Pros and Cons
- Free option available, and affordable pricing options
- Powerful visualization tools
- One-click trading
- Higher cost for futures and stock trading features
- Complex interface that can take time to get used to if you don’t have experience with it
Bookmap Review: Is it Worth It?
Bookmap is a great option for many different types of traders.
Unlike many other platforms, Bookmap has a free option which is an excellent way for inexperienced traders to get started without paying anything. Additionally, at only $16/month, the Digital Plus plan packs a lot of great features for a low cost.
If you’re looking to trade Crypto, the free plan and the Digital Plus plan are hard to beat at the price. Still, more advanced traders looking for futures or stock trading will find a wealth of information in Bookmap’s visualizaiton interface, albeit at higher costs.
Bookmap is designed for traders who use order flow, volume, and order book analysis to make trading decisions. If you are interested in using these types of analytics to inform your trades, Bookmap may be a good choice.
Ultimately, it’s important to evaluate your own needs and goals as a trader, and to research and test out different platforms to determine which one is the best fit for you.