In order to make well-informed decisions regarding investments, it is essential for traders and investors to have access to real-time financial data. It can be difficult to choose which platform to use because there are so many options. Two of the most well-known are FinViz and TradingView.
FinViz provides users with comprehensive market insights via a variety of features, including a stock screener, heatmaps, news, and more.
While TradingView is more focused on social trading that enables users to share thoughts and strategies in order to get feedback from other traders around the world. That is not to say that it is a twitter like platform, rather it just contains a social element. It also provides sophisticated tools for technical analysis and charting, making it a popular choice among more advanced traders.
Although each platform has its own advantages, you might be wondering which one should you use.
We’re going to go over the pros and cons of each at a high-level in this article. If you’re interested in a more in-depth review than you should check out this FinViz vs TradingView article by modestmoney.
Which one is right for me?
TradingView has an active community, but FinViz does not. FinViz users cannot discuss the best ways to use the platform in a forum. Making TradingView the best option if you value having a community and place to share ideas and get others.
Another point in the favor of TradingView is that anybody can create custom indicators, review exchanges, and their thoughts. The platform also provides a feed of “Editors’ Picks” and organizes concepts and scripts by asset class, making it simple to locate relevant content for you.
It does however lack a real time news feed which is something that FinViz does.
So, you’ll have to choose between what matters more to you, a live news feed or having the support of a community to improve your trading.
How much do they cost
High-level, FinViz costs more but offers more in terms of features. In FinViz’s free version you can track up to fifty portfolios, use fifty tickers per portfolio, and use up to fifty screeners preset. Which is quite generous for a free option.
TradingView offers a limited free plan that gives users access to the community and global data. You can only access one chart per layout and one server-side alert with three indicators on a single device with the free plan. Making it more a place to view the community rather than track the market. Additionally, customer support is unfortunately not accessible to free users.
On the paid side of things, FinViz Elite subscription costs $39.50 per month or $299.50 per year with annual billing for those who are willing to pay for a more extensive suite of features upfront. The maximum number of screener presets, the maximum number of portfolios, and the maximum number of tickers per portfolio are all increased by this plan to 200. Making it far more powerful.
TradingView plan costs $14.95 per month, or $155 per year, for the basic plan. This offers you a basic feature of everything. If you need multiple diagrams per window or in excess of 5 pointers on a solitary graph, there is the Pro+ plan for $29.95 each month or $299 each year. This is the last price point of TradingView which is cheaper. If you need a second-based chart interval you’ll need to upgrade further to the Premium plan, which costs $59.95 per month or $599 annually.
Which has better screening and charting?
FinViz is a robust screening tool with over 65 filter parameters for technical and fundamental analysis. You can create custom screens with as many filters as you want with FinViz. You can set aside to 100 screens for later use as a paid client. Although as a negative forex and cryptocurrency screeners are not available from them. The only thing you can do is screen stocks.
The screener in TradingView includes a search function and additional filter parameters, making it simpler to locate filters for particular financial metrics or technical indicators. While in FinViz, you must select from pre-populated values in drop-down menus for each parameter, you can customize many parameters using sliders or number entry boxes. Additionally, offers forex and cryptocurrency screening alongside stocks.
Basically, TradingView far outshines FinViz when it comes to charting. It has exceptional charting software that is so good that many brokers, including Capital.com, use it as their default charting platform.
That being said, FinViz offers more tracking than TradingView at both a free and comparable paid level. TradingView only begins to approach the quantity provided by FinViz when using their most expensive plan.
Final thoughts
The majority of traders may prefer TradingView over FinViz when deciding between the two. TradingView provides traders with an excellent selection of tools that they can use to make informed trading decisions. These tools include a more robust stock screener that is more customizable and a greater depth of charting features. Another significant advantage is the platform’s active trading community, which gives you access to trade concepts and custom indicators that you can use in your analysis. FinViz, on the other hand, has fewer tools to worry about, making it relatively simple to learn. So if you’re starting out it might be the right choice for you.
If you’re interested about learning more about each of the platforms, then you can check out this FinViz review for a deeper look at the platform. Or this TradingView review to see which one fits your needs the best.
