Benzinga Pro Review

For many people who usually enter the world of trading without much knowledge, it is specifically complicated to manage and find all the information they need to make a good operation and is that they are not tasks that are learned from one day to another.

That is where Benzinga Pro comes in to dispel the doubts that all traders have before making a move. This software, currently of great renown, works as a source of instant information on all events, news, and trends that can have a positive or negative impact on a stock so that you can make decisions in time to benefit from them.

In addition, Benzinga Pro is a stock screener that has a set of features that will allow you to considerably improve your decision making, which will inevitably translate into better profits. Without a doubt, this is a great option for any type of trader or investor, so let’s take a look at each of the aspects that this program has to offer, and get into how you can take advantage of it to find out how to do so.

What is Benzinga Pro?

In its beginnings, in 2010, Benzinga was thought of as a website that would allow new investors to have the necessary information to carry out their investments. That is to say, it was a kind of informative page where you could find current news useful for its users.

Benzinga Pro is currently a powerful tool for any trader since it offers information and news relevant to the market, in addition to having alarms, signals, and a whole set of functions that serve to keep the trader on alert in case of any important financial event.

All this, together with mentoring and chat rooms, makes this software not only a useful tool for investment operations but also a community that provides feedback and quality interactions among its users.

More info at https://www.benzinga.com/pro/

How does Benzinga Pro work?

As we have already mentioned, Benzinga Pro is a stock screener with multiple functions that you can use to improve your trading experience. While you can use it to stay informed of the latest relevant news in the stock and financial markets, you can also share or acquire knowledge from other traders or investors thanks to their opinions or recommendations, or even receive specialized mentoring.

Here, we will share a description of the most important functions that this software has, so that you can familiarize yourself with all the options it brings for you.

– Benzinga Pro Screener

One of the most curiously capacities of Benzinga Professional is the stock scanner, with which you can screen the ups and downs of each stock in real-time, or, due to the high volume of existing stocks, there is the option of updating every 5, 10, 15 minutes, etc.

In addition, you can search for stocks or view the results using the different filters that you can choose. For example, you can filter by price, volume, and market capitalization, among other metrics that can facilitate the observation of stocks of interest. This opens up many opportunities when implementing or testing investment strategies.

Also, you have the possibility of finding stocks according to different criteria, such as trend or valuation criteria, or even according to your trading style. Whether you focus on technical analysis or fundamental analysis, you can find stocks that fit your type of analysis. And, all this information obtained can then be exported in CSV format to be used and analyzed on your own.

– Market News

The news feed that Benzinga Pro offers to its users is considered by many to be the option that makes this software stand out from the rest and is the reason why many traders who make this their way of life and business decide to start using it on a daily basis.

This main option allows users to see on screen the most relevant news in real time, that is, it is constantly updated as time goes by, and new news is added. It is essential to be fully informed about the stocks we are interested in and to determine how the price will change to make the right decisions.

Although there is such a high flow of news, you may not find the news that can affect the stocks you are following. That is why the option to filter the news according to different specifications is also available, such as filtering according to sector, category, or the sources of each news item. This will greatly facilitate the monitoring of your investments.

All these options can always be combined with other functionalities of the same software to have more complete information or a wider and/or more accurate scope of action.

– Real-time Alerts & Signals

If you still don’t get what you are looking for among all the news and market information available, you can activate alerts or sounds that will tell you exactly when a stock is affected in some way or when a particular type of news appears. However, to be more specific, you can set alerts for any aspect of the page.

One of the positive things that Benzinga Pro also offers is the customization of the alerts, so you can do it most comfortably. For example, you can decide what you want to receive an alert about, whether it is a stock price variation in the news you receive or an alert associated with a trading opportunity that is directly related to the signals. But, you can also decide where you receive the alert, as you can choose between the desktop of the application, by sound, or by email.

As for the signals, there are 6 types of alerts that you can correlate with these, all corresponding to unusual behavior in the market:

• The first signal is related to large block trades of more than 10 thousand shares or when the value of 200 thousand dollars is exceeded.
• Then, there is the signal of important highs and lows in the price of a share.
• For sharp short-term movements in less than 5 minutes.
• There is a signal indicating aggressive trades, but this is an option that works as an add-on payment.
• The signal that indicates a stop or resume in stock trading.
• And the signal of opening gaps that may reflect weakness or accumulated strength.

Related info: What are the best AI stock trading bots?

– Top Moving Stocks

The top moving stocks are a window that Benzinga Pro offers to visualize quickly and easily the major ups and downs that have occurred in the stock market. It is an option that can be complemented very well with the screener or scanner, as they are used together as information tools before making a move.

These top movers, like the other functions, can be filtered according to specific characteristics, such as price, sector, and market capitalization, among others.

This function is very useful for traders because, in addition to providing information on the highest highs and lows, which is relevant, you can also receive information on why that stock has had that movement. This takes the function to another level because it seeks to understand the reasoning behind the behavior of the price of a stock and to analyze, in a certain way, the market sentiment.

Without a doubt, it is an interesting option to try for users who focus on this type of analysis to carry out their operations.

– Audio Squawk

There are times when you can be saturated with so much information on the screen, or you have your focus on different functions at the same time, that you can lose valuable information. To avoid these inconveniences, use the Audio Squawk.

This function is extremely attractive for those traders who handle a large volume of information and base their strategies on day trading. Squawks are audios with important or relevant data that are given by a speaker and that are activated to be listened to at the moment.

It can be indispensable for the users of this software in order not to lose important information and to be able to act quickly enough to obtain profits. Among the data you can receive through these audios, you can find breaking news, economic data publications, market rumors, and Wall Street analysis, among others.

– Benzinga App

As you can’t miss this type of tool, Benzinga Pro has an app with which you can stay informed anywhere simply by using your cell phone. This application allows you to monitor the stocks that are important to you, check market sentiment, analyze why a stock has moved the way it did, or perform some fundamental analysis of the stocks you are interested in.

Benzinga app can be found in the Play Store for Android or the Apple App Store. This way, you can be sure to find a way to stay informed, regardless of the phone you use.

To see all the features in detail visit the official Benzinga Pro website.

Benzinga Pro Plans and pricing

For its users, Benzinga Pro offers 3 different types of plans with which you can have different functions from the ones we have mentioned and some others. These 3 plans are useful depending on the type of user who purchases them and the knowledge he/she has about this market. Therefore, here we will briefly break down the functions of each plan so that it is up to you to choose the one that best suits you.

– Basic

This is the entry plan offered by Benzinga Pro and, therefore, the cheapest. For a monthly or annual fee, you will have access to the most basic features of the software, such as real-time Nasdaq quotes, full news (without advanced filters), chat, premium Benzinga articles, followers and watch list alerts. This is a great option for those looking to get started with this software or want to try it out a bit before delving into more advanced features.

– Streamlined

In addition to offering all the features of the Basic plan, this plan includes an advanced news feed that allows filtering by technical criteria such as price or volume, an audio Squawk service (for both stocks and options), and the option to add the High Beta Squawk service for an additional $49 per month. It is designed for users who require more detail and advanced filtering of news.

– Essential

This is the most complete plan and includes all the features of the Streamlined plan, plus additional features such as a calendar, trading signals, and the High Beta Squawk service already included in the price. It also offers unlockable bonuses, such as an advanced options newsletter with an annual value of $500. It is ideal for advanced users looking for access to all possible tools and analyses for their trades.

– Benzinga Pro free trial

Although Benzinga Pro offers 3 complete plans for any type of user, it is possible that you are still not sure about purchasing any of these memberships. In that case, it is important to know that this software offers you a 14-day free trial, with which you can freely test the program before making a decision.

The promises they make to anyone who decides to try this free trial include:

• Possibility to operate completely like a professional for 14 days without any limitations.
• If you are not satisfied with the results you have obtained, or you feel that the software is not suitable for you, you simply get your money back, with no need to explain or show results.
• Even if you don’t feel satisfied, even though you haven’t finished the free trial yet, you can cancel the subscription at any time.

But, if you are one of the large percentage of users who are really satisfied with the application, you should know that, by purchasing the plan of your choice with an annual payment, you can save up to 17% of the price compared to the monthly payment. Ideal if you are looking to take advantage of Benzinga Pro in the long term.

Benzinga Customer service

The Benzinga Pro team is also concerned about any doubt, inconvenience, or disagreement that any of its users may have regarding the use of this software. That is why it offers different communication channels to provide support and quick responses according to the number of reports that exist.

The main way to receive support is through a chat available on the page, with which you can communicate with the company’s representative in charge of resolving all kinds of doubts. It could be said that this is the simplest and most convenient way to clarify any situation.

But, if that is not enough, or you have problems accessing the help chat, you can write an email to any of these emails: vipaccounts@benzinga.com or newsletters@benzinga.com. This way, you will be in contact with the people in charge of these sectors. Or, you can even call this number, 1-877-440-9464, if none of the above works.

Benzinga Pro User Reviews

Browsing the Internet, you can find countless user reviews from different users with positive or negative experiences about Benzinga Pro. The Internet is a very wide opinion space where you can find opinions about almost anything.

In the case of this software, it is recognizable that, although there are opinions of all kinds, the positive reviews are predominant and reflect the commitment of the team behind this company to offer a quality service that satisfies the needs of its users.

Among some of the reviews we can find, one user expressed that the platform exceeded his expectations during the free trial period. He described the experience as having acquired the skills of a market professional in a short time. Despite not being able to pay for the subscription at the moment, he showed great enthusiasm to join the platform as soon as possible. He too praised the improvement group for the fabulous work done.

Another user, highlights the many positive features of the platform but notes that the chat rooms could be improved to be more useful to traders. He is confident that the platform will continue to improve as it listens to user feedback. He also suggests a faster update of the earnings database, proposing an automated process to update it within seconds after earnings reports are published.

What Are The Best Alternatives to Benzinga Pro?

If, even with all the functions that we have shown you that Benzinga Pro has for you, you are not satisfied with the idea of acquiring this software, there are some alternatives that you can use to complement your trading strategies. Here we will show you 3 that we consider to be the best adapted to what Benzinga is.

Trade Ideas

Trade Ideas stands out for being considered a specialized trading robot with many users around the world. This software uses artificial intelligence to analyze the market in real-time and offer automated trading signals.

Its concept is to find the best trading opportunities at the right time to obtain the best possible profits. In addition, it has a significant number of analysts and employees who are constantly working to update and improve every feature of this software.

Check out our Trade Ideas review here.

Finviz

This is a very eye-catching option for traders, as it offers many features for free. This makes it receive a large flow of users interested in using this software without the pressure of having to pay significant sums of money.

Among its most striking functions is a heat map of the most important stock exchanges in the world. This is a great indicator to determine which stocks are advisable to buy and which are not.

In addition, like Benzinga Pro, you can have access to the latest market news and filter the information, either by stock performance or any other feature. Undoubtedly, this is an option to analyze for anyone interested in this world.

Read our Finviz review in depth here.

MarketScreener

As you can already guess from the name of this software, MarketScreener makes it easy for the user to obtain relevant information that can be used to carry out different operations.

Within this program, you can find a list of breaking news concerning the markets and different stocks. There are recommendations to buy or sell stocks that you can follow, or lists of companies that stand out or are striking to keep track of them.

It is a complex tool with which you can find stocks to buy or filter them according to different parameters, in order to make the analysis of the markets and subsequent movements easier.

Conclusions

Benzinga Pro is a tool with great potential for traders regardless of their trading style, although it is especially useful for day traders. This software allows its users to use a lot of functions and features that can greatly improve the results you have with your trades.

Although it is an application specialized in obtaining relevant news for the markets, it is much more than that, since you have a community fully committed to contributing and sharing knowledge that can benefit all users, or clarify doubts that may exist in much of the ecosystem.

And, with its alarms, signals, calendar, screeners, and all that set of available options, you can manage to create a robust strategy that is backed by the guidance and advice of real professionals within the platform, through mentoring, or by the community itself.

In addition, it has the advantage that you not only need to have the application installed to access it, but you can log in directly from the browser, which can facilitate its use for some users in a comfortable and familiar environment.

There is no doubt that Benzinga Pro is an indispensable option for many traders and that it can be just as valuable for anyone who is willing to give it a try.

-Pros of Benzinga Pro

• Real-time news updates
• Extensive ways to configure alarms
• Different filters to adapt the information you receive
• App for mobile or computer, useful for those who prefer these options
• Mentoring available for personalized advice
• Highlighted information on stock movements
• Relatively affordable prices

-Cons of Benzinga Pro

• Squawk audio is not available around the clock
• Only focused on the stock market
• No broker integrations

I hope you found this Benzinga Pro review useful. You can also check here for details of the Benzinga Pro discount coupon with which you can save a significant amount of money on your subscription to this powerful stock screener.