Last Updated on July 26, 2023
Launched in 2011, Jigsaw Trading offers bespoke, avant-garde solutions for trading stocks and futures. Over the past decade, Jigsaw has drawn in a robust customer base of over 3,500 users worldwide and has established itself in the premier league of trading platforms.
Jigsaw elevates the trading game with its pioneering application of order book trading, a wealth of educational resources, diverse price models, and other nifty trading tools – a comprehensive toolkit for every trader aiming to take their trading savvy up a notch. Although first-timers may find the learning curve a tad steep, Jigsaw is studded with several alluring features that cater to the needs of both novice traders and seasoned day traders.
Pros & Cons
Pros
- A vast number of available educational materials and resources
- A preferred platform for skilled, full-time traders
- Excellently designed and easy to use
- Responsive customer service
- A welcoming and inclusive community
Cons
- One of the more expensive solutions
- The learning curve is steep, so you must spend time acclimating to the platform to make the most out of it
- Specifically tailored to the needs of day traders and may not be appropriate for other styles or strategies
Features
Before diving into the platform’s features, let’s focus on the term “order book trading.” Jigsaw is a platform designed specifically for market participants involved in this practice. But what does order book trading mean?
Order book trading, a cornerstone of Jigsaw Trading’s allure, is an approach where trades are executed based on active market orders already in motion.
Order book trading is all about seizing opportunities arising from the actions of other market participants. Traders practicing this method keep an eye on various market events, including hefty block orders, trade cancellations, stop orders, trapped trades, and more.
Unlike traditional trading methodologies, order book trading operates in real-time and focuses more on capitalizing on opportunities stemming from the activities of other traders and ongoing trades at any given moment.
Multiple Features
Jigsaw Trading’s toolkit comprises an array of indicators that visually encompass the strategies employed by most traders as they navigate the marketplace. These tools are comprehensive, insightful, and designed to significantly enhance your trading strategy.
By leveraging Jigsaw’s instruments, day traders can better gauge the market’s pulse, boosting their chances of executing profitable trades.
Unlike some platforms, Jigsaw’s trading tools don’t offer ready-to-use trade execution signals. Instead, they guide day traders in constructing trading positions grounded in the order book. So, to truly tap into the power of Jigsaw Trading’s tools, day traders should already be comfortable with order book trades and have a firm grasp on crafting their own deals.
While a few other trading tools offer similar functionalities, the consensus among traders, both rookies and pros, is that Jigsaw Trading’s tools are top-notch. But, be prepared to invest time in learning the ropes and adapting to the platform. Also, keep in mind that the different tiers come with a substantial price tag.
Educational Resources
Jigsaw Trading offers a wealth of educational resources, including articles, webinars, tutorials, and videos for traders of all levels.
At the basic level, which comes bundled with purchasing the trading platform and toolkit, you get a video explaining the fundamentals of order book trading. Despite being entry-level, this resource offers a comprehensive understanding of order book trading, enough to get any rookie started.
Stepping up to the next tier, you’ll find an order book trading course. This aims to teach day traders the core strategies seasoned traders use to secure consistent profits.
For those looking to dig deeper and master the most sophisticated and diverse trading strategies, there’s a third tier of educational content available.
Remember, each of these levels offers a different range of features, plans and lessons and comes with varying price tags. Expect to pay more as you jump from one tier to another.
Jigsaw also offers a comprehensive and helpful blog section, accessible to all, for a taste of its educational resources.
Depth of Market
One of the standout features of Jigsaw Trading is the Depth of Market (DOM) tool, also known as Depth & Sales. This tool allows users to gain insights into the dynamic interplay between active and passive traders, fostering a more comprehensive understanding of the market’s inner workings.
The Depth & Sales charts and indicators grant you access to vast market information, including:
- The convergence of stop orders and traders within the same vicinity
- The positioning of orders in the queue
- The ripple effects of specific trades on the broader market landscape
- Trends in trade momentum
- The capacity to withdraw or adjust orders swiftly
- Timely market alerts that can influence decision-making
All these elements offer a unique view into the market, helping you further enhance your trading strategy and decision-making process.
Leaderboard
To feed your competitive spirit, Jigsaw’s community features also include a leaderboard with performance statistics, including win rate, P&L, and more. It also showcases how you fare against other Jigsaw traders, giving you extra motivation to excel.
Setup
Getting your Jigsaw Trading account up and running is relatively straightforward, particularly with the supportive and knowledgeable customer service team at your disposal.
However, we should note that the system setup is not exactly a walk in the park, especially for beginners, and that’s partly because a good chunk – over 20% of Jigsaw traders – are full-timers.
Yet, Jigsaw offers plenty of tutorials on how to start, so if you are willing to spare some time, you will complete the platform setup relatively quickly. Once your platform is firing on all cylinders, you’ll unlock access to an array of tools: real-time order flow charts, the Depth of Market (DOM) tool, an order book heat map, and a historical view of the order book. This arsenal will undoubtedly put you in a prime position to strategize and capitalize on market trends.
User Interface
Navigating through the Jigsaw Trading platform is a breeze since the platform is designed with intuitiveness at its core. However, it’s crucial to note that you need a seasoned understanding of trading and the specific tools you’re after. If you’re dipping your toes into trading waters for the first time, you might want to kick things off in the educational resources section of the platform. This will help you get up to speed with the ins and outs of trading, particularly order book strategies.
Thanks to its vibrant color scheme and user-friendly buttons, commands, and controls, Jigsaw’s UI is engineered to offer a multitude of options without overwhelming users. A standout feature is the charts; they’re a feast for the eyes, easy to interpret and help bring data to life.
Real-time visualizations of market flow are common in many trading platforms. But Jigsaw Trading takes the cake in terms of presentation and user experience.
Beyond the technical aspects, the platform boasts a sizable and easily accessible community. It’s a goldmine of information and diverse viewpoints, particularly for those new to day trading. The user-friendly search function and an appealing and practical design make the Jigsaw community a hub that caters to users of all stripes. Expect to be dropping by frequently as you progress on your trading journey.
Available Indicators
As a Jigsaw Trading user, you’ve got a whole arsenal of technical trading tools empowering you with greater insight. However, it’s crucial to note that Jigsaw doesn’t spoon-feed you. It’s like jumping in at the deep end when you first start using the platform, mainly if you’re not well-versed in these tools and indicators.
Don’t fret, though! Each tool is chock-full of features, and even if you find yourself scratching your head, you can turn to the helpful Jigsaw community. With users more than happy to share their knowledge and answer any burning questions, you’re never left hanging. It’s a platform that encourages self-learning but also fosters a strong sense of community, ready to lend a helping hand when needed.
System Requirements
Jigsaw Trading works as a plug-in for various platforms, including NinjaTrader 7, 8, MultiCharts.NET, MultiCharts.Net Special Edition, MT5, and Tradovate. If these platforms support a feed, then so does Jigsaw.
On top of this, Jigsaw also offers a platform that operates directly with GAIN, Rithmic, IQFeed data feeds, and CQG.
It’s important to note that while Jigsaw doesn’t directly support the ThinkorSwim (ToS) platform, it does support the TD Ameritrade feed, which uses ToS.
Remember, after you’ve installed Jigsaw on your desktop, you’ll need to put in a request for a machine license transfer if you want to use it on another computer, even if it’s your own laptop. The good news is that Jigsaw tends to process these requests swiftly, so you shouldn’t have too much downtime.
Customer Service
The technical prowess of Jigsaw Trading is commendable, but what if you face issues while using the platform and need assistance? Well, you’re in safe hands.
The platform comes with a robust, well-regarded, and user-friendly customer support service catering to all types of clients – from newcomers to seasoned market veterans.
Further enhancing the user experience, Jigsaw Trading offers an active chat room. Traders can use it to exchange insights about order book trading, ask platform-specific or general questions, and learn from more experienced traders, customers, and Jigsaw staff.
The platform also allows traders to test new order book trading strategies in a live data environment by configuring the system in demo mode.
Jigsaw Trading’s support team possesses a deep understanding of the system and is genuinely helpful and knowledgeable. They appreciate that many of their users might be new to the trading landscape, and hence, they excel in explaining complex concepts in an easy-to-understand manner – from order book trading to market analysis and from making deposits to resolving technical issues.
As a result, the technical support provided by Jigsaw Trading is considered to be top-tier in the industry. Almost all Jigsaw Trading reviews emphasize the swift, efficient resolution of technical issues.
Pricing
Jigsaw’s pricing structure leans towards the higher end, which might deter newcomers or even seasoned traders on a budget. However, it’s important to bear in mind that no matter the tier you choose, you are investing in a highly-rated platform known for its cutting-edge features, intuitive UI, excellent customer service, and a strong focus on order book trading. Furthermore, each pricing level includes a wealth of educational resources.
Here’s a breakdown of Jigsaw’s pricing:
Package 1: This basic tier includes the fundamental software and basic-level trader education. The cost is $579.
Package 2: This tier includes all the materials and software from the basic tier, plus tools like an advanced order flow training pack. This package is priced at $879.
Package 3: The premium package includes all the materials and software from the previous tiers, plus institutional training and monthly group training opportunities. This is priced at $1,687.
Additionally, Jigsaw offers annual and monthly subscriptions for continued access, priced at $500 per year or $50 per month.
Customer Issues
The Jigsaw Trading platform enjoys a largely positive reception from its users as evident from the numerous positive reviews it has received.
While the platform is accessible to novices, one of the minor criticisms it has faced relates to its complexity. Newcomers might find it a tad challenging to navigate, citing a steeper learning curve than other platforms. However, the Jigsaw community is often praised for its helpfulness in addressing queries, making it easier for users to acclimate to the system.
Another point of contention for some users is the price point. For those new to trading, Jigsaw’s price tag might seem daunting. However, seasoned traders who make up a significant portion of Jigsaw’s user base find the prices competitive and reasonable for the value they receive.
Customer concerns that pop up in reviews or forums are promptly addressed by Jigsaw’s customer service team and its in-platform community, ensuring a smooth and supportive user experience.
Conclusion
Jigsaw Trading represents a compelling proposition for established order book traders searching for a powerful platform, even at the lowest price tier.
For those on a tighter budget, the costs associated with Jigsaw’s higher-tier packages may prove a bit steep. However, even with its premium pricing structure, Jigsaw Trading provides some of the most outstanding order book tools currently available in the market. Yes, mastering everything it has to offer will require a significant investment, but as the saying goes, you have to spend money to make money – a principle that holds particularly true in the realm of day trading.
For those less familiar with order book trading, a gradual switch between the different tiers may be the most prudent route as they delve deeper into the world of order book trading. Fortunately, Jigsaw’s comprehensive educational resources can accelerate their learning journey, enabling them to gain comfort and proficiency in this trading strategy.
In a nutshell, it is safe to say that, even with its lofty price point, the platform represents excellent value for money.
