Are you hoping to up your game when it comes to fundamental stock analysis but you’re finding that most tools seem to focus on the technical side of stock analysis? Benzinga Pro is a great platform that allows you to use a powerful tool to figure out what is going on in the current market. You will be able to gain exclusive access to stories and find out the truth faster than ever before through the real-time squawk box. This Benzinga Pro review will help you gain an understanding of this fast-growing platform.
It definitely isn’t what I would call a perfect service, however, it does give any trader an edge over the average retail investor which is always helpful. Jason Raznick founded the Benzinga brand back in the year 2010 and the original platform soon evolved to provide the Benzinga Pro newswire tool. While the technology and usability of the platform are improving, it still continues to innovate and become better time and time again.
With more than 16 million unique visitors every single month, Raznick has gone as far as to add innovations such as a chat feature as well as a stock screener. Most of the reviews pointing towards Benzinga Pro are phenomenal and its growing range of features is what make it such a powerful and revolutionary tool to have for the average investor.
For the average investor, Benzinga Pro seems to be an ideal platform and it is said to expand in years to come without fail. Now, we will take a look at the great features, the pros and cons, and if it is right for you. By the end of this review, you will be able to make an educated and informed decision as to if Benzinga Pro is the right platform for you!
Benzinga Pro features
Benzinga Pro tends to be a relatively simple platform that is easy to get to grips with. With all of these great features, you will be able to unlock the full potential of this newswire program.
Squawk Box
One of the most powerful features offered by Benzinga Pro is the squawk box which is essentially extremely fast audio alerts. They are specifically aimed at the short-term trader who is looking to find out information from multiple charts at the same time. It repeats the basic numbers, nothing less, nothing more. In particular, day traders will benefit because it means that they can easily get the news without having to switch away from their charts.
News Feed
When you only take a quick glance at the Benzinga Pro news feed, you will first notice that it looks pretty much like any other standard news feed. However, the big difference is that Benzinga Pro has its own dedicated news team that are brilliant at what they do. This means that it doesn’t have to rely on reporters from places like MarketWatch and Yahoo! Finance to report the news, they are already one step ahead.
This means that investors can get the stories they actually care about far faster than ever before. You will also be able to customize your news feed with Benzinga Pro to focus on specific sectors, events, and companies. Refined categorization cuts through the noise and also allows you to take action at the same moment that the story comes out.
Stock Screener
One of the newest innovations with Benzinga Pro is the stock screener. Although it’s a relatively simplistic version of the stock screener, it is incredibly useful when you are looking to find the biggest winners and losers in a breaking news story. By using filters such as ‘session’ and ‘time period’, you will be able to perform basic stock checks whenever the market is open or closed.
The pros and cons of Benzinga Pro
Benzinga Pro is an absolutely great live-stock trading news feed that is powered by financial news provider Benzinga. You can get up-to-the-second news, financial releases, rumours, and company news delivered straight to your newsfeed. Every single news piece is announced in real-time which gives you the fastest access to the news. It is a very strong tool for fundamental analysis.
Pros
- Exclusive stories
- Competitive pricing
- Faster news distribution
Cons
- Only covers equities
- Squawk coverage is not 24 hours
Is Benzinga Pro right for you?
Benzinga Pro is truly one of the premier newswire platforms for trading on the fundamentals. The platform itself doesn’t really offer anything particularly groundbreaking, however, it is a recognizable financial brand with its own great news team. The speed at which Benzinga Pro is able to break its stories is what gives it a valuable edge over its competitors. It comes very highly recommended to absolutely anyone.
Check out Benzinga Pro today and sign up for their 14-day free trial. If you liked this review, check out this Firstrade review as well!
