InsiderFinance is a robust trading software that caters to the needs of day traders and swing traders. For those looking to make profits on short-term stock and index movements, this platform offers valuable insights on unusual options activity.
Also, InsiderFinance boasts other key features that provide insider access to trading information. In this InsiderFinance Review, we’ll dive into the details of how this trading software works and examine its top features.
What Is InsiderFinance?
InsiderFinance is a financial intelligence company that specializes in providing traders with top-quality tools, data, and financial education. The company’s primary focus is on options order flow analysis, dark pool data, and automated technical analysis.
By analyzing millions of options contracts and dark pool prints each day, InsiderFinance aims to give traders a competitive edge by providing them with valuable insights into which securities are most likely to move the market.
The company’s trading software is particularly useful for day traders and swing traders looking to make profitable trades based on short-term stock and index movements.
Insider Finance Features
Insider Finance offers several features that can be useful for traders, including:
- Real-time options order flow – InsiderFinance’s real-time options order flow provides traders with an unusual options activity scanner, including unusual block orders and options sweeps. With this feature, traders can analyze millions of options contracts and dark pool prints each day and get an inside edge on the securities that are most likely to move the market.
- Dark pool and equity prints – InsiderFinance also provides transparency for dark pool prints, which are block trades executed on an OTC market. With this feature, traders can benefit from trades that occur with penny stocks, which are a favorite of day and swing traders.
- Crypto and forex market scanner – Traders using InsiderFinance also have privileged access to currency movements, including crypto, providing them with additional market analysis and trading opportunities.
- Technical analysis – InsiderFinance integrates with TradingView, a leading charting platform, providing users with premier technical analysis tools. Users can also access charting within InsiderFinance without a TradingView account.
- Dashboard filtering – InsiderFinance provides users with the one-click dashboard filtering option, offering actionable presets, including “equities,” “unusual,” “sweeps,” “momentum,” “ETFs,” and “moonshots.” Users can also customize each of these with an array of filters.
- Real-time news and sentiment – InsiderFinance aggregates and analyzes news feeds, ranks stock symbols with high media coverage, and classifies sentiment into positive and negative. The market news is visualized in a graph on a day-by-day basis and shows the sentiment across all news. This provides traders with an understanding of the overall market interpretation by news sources like Zacks Investment Research, Investors Business Daily, and Market Watch.
- On-demand historical data – This feature allows traders to analyze previous options flow and dark pool prints, which can be helpful in designing trading strategies and gaining confidence before making an investment.
InsiderFinance offers a single, comprehensive plan with no tiers or upgrades. The pricing is straightforward, with three options to choose from, depending on your preferred billing frequency.
The monthly plan costs $75 per month. You can save money by choosing the quarterly or annual plans. The quarterly plan costs $195, or $65 per month, while the annual plan costs $660, or $55 per month.
InsiderFinance Review: Pros & Cons
Like most things, InsiderFinance has its own set of benefits and drawbacks, lets take a look at some of the most important one.
- Provides real-time options order flow analysis, dark pool data, and automated technical analysis.
- Offers unique features such as a crypto and forex market scanner.
- Dashboard filtering options provide easy-to-use presets and customizable filters.
- Insider Finance offers one, all-inclusive plan with quarterly and annual billing options for savings.
- Provides well-documented help guides for its features.
- Does not have a mobile app.
- Limited scan options with no saving scans feature.
- Does not allow users to download data as a CSV file.
If you are a trader that prefers the convenience of using a mobile app for trading, InsiderFinance might not be the best choice for you. In this case, there are other viable options such as Options by Motley Fool.
If you want to use a proven service that has historically outperformed the S&P 500, read The Motley Fool Options Review to learn more.
Is InsiderFinance Right For You?
With its focus on options order flow analysis, dark pool data, and automated technical analysis, InsiderFinance is an ideal tool for traders who want to stay ahead of the market.
The platform provides real-time insights into unusual options activity, smart-money moves, and dark pool prints. This helps traders to capitalize on short-term stock and index movements. The platform is user-friendly and offers many unique features that set it apart from other fintech software platforms.
However, InsiderFinance may not be suitable for everyone. Traders who prefer to use fundamental analysis may find the platform less useful.
Overall, InsiderFinance is an excellent tool for day and swing traders who want to use unusual options activity to guide trades. If you want to explore the platform for yourself, click here to get started today.