Benzinga Pro Review

Benzinga Pro is a useful trading tool, but it isn't for everyone. Read on to find out if it's the right tool for you.

Benzinga Pro is a supercharged news and information platform designed specifically for investors in the stock market.

It has a ton of tools that can help you analyze real-time news and make informed investment decisions. But is it a tool you can benefit from? In this article, you'll find out what it is, if it's worth it, and who it's best for.

You'll also learn more about its key features, pricing, and what people are saying about it.

Is Benzinga Pro Worth It?

Benzinga Pro is worth it if you're an active stock trader who needs real-time news to earn profits.

It's also worth it if you need guidance on your trades. Benzinga Pro gives you access to a trading community that can help you. You can ask questions and get insights so you can invest and trade stocks wisely.

You can start with the Basic plan ($37/mo) and then decide later if you want to upgrade to their Streamlined ($147/mo) or Essential plan ($197/mo). Better yet, you could try their 14-day free trial to get a feel for the platform before you subscribe.

What Is Benzinga Pro?

Benzinga Pro is an investment research software and stock market news platform. It's a streaming platform that provides daily trade picks, exclusive market-moving stories, stock audio, stock scanners, stock alerts, news feeds, and sentiment indicators.

It gives you all the information you need to invest smarter. It has professional day traders who share real trades throughout the day. It also streams headlines and real-time market updates with hand-picked stories that alert you about stocks on the move.

Additionally, Benzinga Pro lets you customize filters so you can only see headlines from sources and categories that can affect your trading strategy.

Who Is It Best For?

Benzinga Pro is best for stock and options traders. Specifically, it's great for stock traders who use fundamental analysis.

Traders of all experience levels can use Benzinga Pro. It doesn't matter if you're just starting out or have been trading for decades.

Pros and Cons

Here are the strengths and weaknesses of Benzinga Pro:

Pros

• Real-time market updates
  
• Custom filters
  
• Helpful trading community

Cons

• No squawk in the Basic plan
  
• Essential plan can be pricey

Pricing

Benzinga offers free features like stocks newsfeed, earnings calendar, dividend calendar, mergers and acquisitions, and recent news. It also has three paid plans: Basic ($37/mo), Streamlined ($147/mo), and Essential ($197/mo).^[1]

• The Basic plan ($37/mo) includes all the free features plus Nasdaq Basic (Real Time Quotes), Full Newsfeed (no Advanced Filtering), Chat, Movers, Watchlist Alerts, and Benzinga Premium Articles.

• The Streamlined plan ($147/mo) includes everything in the Basic plan plus Advanced Newsfeed (filter by Technicals, such as Price, Volume, Float) and Audio Squawk (Equity, Options).

• The Essential plan ($197/mo) includes everything in the Streamlined plan plus Real-Time Scanner, Calendar, Signals, and other unlockable bonuses like high-value newsletters.

If you want to save money by subscribing long-term, Benzinga Pro also offers annual plans that offer 15-17% discounts on each plan.

Key Features

Benzinga Pro can be a valuable tool for stock traders. It provides essential features that could improve your trading decisions, no matter your experience level. Here are some of its most useful features:

Real-Time Alerts

Get real-time alerts and choose what type of notifications you want to receive. Benzinga Pro offers real-time sound alerts that play in the background, desktop notifications that pop up on your screen, and notifications via email.

You can customize these further with tools like Newsfeed, Signals, and Watchlists. You can even assign different sounds for different categories.

Calendars

Calendars are tools for research, particularly when you're looking for a stock you might be interested in. There are over 12 stock calendars you can use to keep track of analyst ratings and earnings.

These help you find all events in one location. They include conference calls, IPOs, mergers and acquisitions, retail sales, SEC filings, secondary offerings, splits, and unusual options activity (add-on).

Each calendar also has its own filters related to the event. This further helps you find what you're looking for, effectively helping you invest smarter.

Chatrooms

Benzinga Pro provides a chatroom community you can use to trade effectively. You can ask questions, discover trading ideas, and share news.

Whether you're a beginner or an experienced trader, you can use these chatrooms to your advantage. Community members help each other out and give advice so that everyone can be a successful trader.

There are chat rooms for day trading, options, crypto, Benzinga Boot Camp, and community support.

Movers

The Benzinga Pro Movers tool lets you see the biggest gainers and losers on the stock market in real-time. This tool allows you to discover big opportunities with the top-moving stocks.

You can also customize the Movers tool so it can work with your trading strategy. You can filter by session, time period, sector, market cap, and price.

Once you find your top market movers, you can find out why they're moving. Click on a ticker to see its details page, which brings you all the related news. Plus, you can access charts, financials, and key data for further analysis.

Newsfeed

Benzinga Pro's Newsfeed provides fast and reliable news, making it easier to time the market. You also get a patented price sentiment engine that tells you how likely news will move stock and in which direction.

Scanners and Screeners

Benzinga Pro's stock scanners and screeners can help you find stocks and filter them by any attribute.

Scanners allow you to filter stocks by price, market cap, volume, float, relative volume, short interest, and shares outstanding. Screeners let you filter according to margins, moving averages, float, and more. You can also filter stocks according to your trading style and techniques.

Essentially, scanners are similar to screeners, but scanners are more customizable.

Signals

The Signals tool alerts you to unusual market activity, including price or volume-related events. You receive signal alerts through browser notifications, sound alerts, and synthesized voice.

Essentially, these are alerts when there are price spikes or when a sharp price movement happens within five minutes. It also alerts when there's an opening gap or when a stock opens with a large gap from the previous day. There's also an alert when a stock is halted and when trading is resumed.

Squawk

Squawk is an audio live stream of key headlines and real-time market-moving updates. This is helpful when you can't stay in front of your monitor but still want to be updated on market events. You hear the most important updates of the day spoken out loud.

The squawk coverage includes conference calls, critical breaking news, economic data releases, earnings and guidance, press conferences, company management, key comments from interviews, and Wall Street analysis.

Customer Service

For any inquiries, you can call Benzinga Pro at 877-440-9464.

You can also email them at vipaccounts@benzinga.com if you have questions regarding your subscription. If you have questions regarding content, you can email them at info@benzinga.com.

User Testimonies

Here are some Trustpilot testimonies from Benzinga Pro:

How It Compares

Here are some alternatives to Benzinga Pro:

Finviz

Just like Benzinga, Finviz also offers real-time market news. Aside from the newsfeed, Finviz also has stock screeners and scanners. These can help you choose which stocks to invest in.

Similar to Benzinga, with Finviz, you can apply a number of filters. You can search based on price, specific candlestick pattern, or market cap.

A Finviz subscription is cheaper than Benzinga if you pay for the whole year upfront. Finviz Elite costs only $24.96 per month when billed annually, totaling $299.50 per year.^[2]

Stock Rover

Stock Rover also offers a market newsfeed just like Benzinga. However, Stock Rover is more of a stock screener and portfolio analysis tool. It provides ratings and scores for stocks, along with warnings about significant stock news.

Stock Rover also connects to more than 1,000 brokerage platforms for automatic portfolio analysis.

Its Premium plan is also cheaper than Benzinga. Stock Rover Premium only costs $17.99/month.^[3]

Stock Rover Free

• Comprehensive information on over 8,500 North American stocks
• Coverage of 4000 ETFs and 40,000 mutual funds
• Portfolio management
• Portfolio Brokerage integration for automated syncing of portfolios
• Portfolio dashboard with detailed portfolio performance information
• Activates a 14-day free trial of Stock Rover Premium Plus

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Stock Rover Essentials

• Easy comparison of investment candidates via the Stock Rover dynamic table
• Fully customizable financial views and columns
• 275+ metrics with 5 years of detailed historical data
• Easy to use, fast and flexible stock screening
• Portfolio and watchlist tracking

Learn More

Stock Rover Premium

• Over 100+ additional metrics, 375+ in total
• 10+ years of detailed financial history
• Data export
• ETF and Fund comparison data
• Powerful Stock and ETF screening

Learn More

Stock Rover Premium Plus

• Over 300+ additional metrics, 700+ in total
• Custom metrics
• Equation screening
• Historical data screening
• ETF screening with 180+ ETF specific metrics

Learn More

Bottom Line

Benzinga Pro is a useful tool, particularly for traders who need real-time news and data. Its features benefit stock traders who use fundamental analysis to trade. However, if you're a technical analysis trader, you won't find much with Benzinga Pro.

Essentially, its usefulness will boil down to what kind of trader you are. If you're unsure, check out their 14-day free trial and see if it's a good fit before subscribing to their services.

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