Summary: A Benzinga Pro subscription provides you with up-to-the-second stock market news, financial releases, company news, and rumors delivered directly to your favorite news platform.
Benzinga Pro reviews show that this is an excellent tool for fundamental analysis and block trades since it provides you with real-time news.
Looking for a way to take your stock analysis to the next level? Benzinga Pro could give you the most up-to-date news so you can trade in line with the most recent market movements.
Benzinga Pro: Pros & Cons
PROS
- Distribution of news at a faster pace
- Pricing that is competitive
- Stories that are exclusive
- Free trial for 14 days
CONS
- Covers only equity securities
- There is no 24-hour coverage for Squawk
- Investing in real estate is not permitted
Benzinga Pro Overview
Benzinga Pro provides you with a powerful tool for analyzing the market today. Gain access to exclusive stories and discover the truth faster through the real-time squawk box.
The best reason to use Benzinga Pro is:
- Traders who are active
- Traders who follow trends
- Traders who actively participate in day trading
- Traders who trade swings
- Traders who are professionals
- Firms in the financial sector (enterprise pricing available)
When it comes to fundamental stock analysis, do you need to step it up? Most tools seem to cater to the technical analysis side of things. Benzinga Pro, however, provides you with a powerful tool to determine what’s happening in the market today.
The real-time squawk box allows traders to gain access to exclusive stories and find out the truth faster. Although it is not a perfect service, it does provide an advantage over the average retail investor.
Check out this Benzinga Pro review to learn more about its core features and why you should consider using it.
Benzinga Pro: What is It?
In 2010, Jason Raznick founded the Benzinga brand. The original Benzinga platform evolved into Benzinga Pro.
As the technology and usability of this platform have improved, Raznick has continued to innovate. With more than 16 million unique visitors each month, Raznick has added features such as a chat feature and a stock screener.
The majority of user reviews on Benzinga Pro are positive, and its growing list of features makes it a powerful tool for investors.
Benzinga Pro Characteristics
This review of Benzinga Pro will demonstrate how to utilize this newswire platform to its full potential.
Pre-Configured Workspaces
As one of the most awesome features of this platform, investors have complete control over what they see. These workspaces are known as user-designed workspaces and they enable investors to decide what they see at any given point in time.
You can easily customize the various windows of the platform according to your investment needs, or you may choose a pre-configured workspace if you do not wish to devote the time to customizing your workspace.
You can set certain alerts and news stories to be automatically highlighted when they appear in your customized account, ensuring you receive the most relevant information first.
Additionally, you can load more than one workspace at a time using the tab navigation.
Real-Time News Feed
Benzinga Pro’s real-time news feed appears to be similar to any standard news feed at first glance. In contrast, Benzinga has its own dedicated news desk, which means investors receive the news they are interested in much faster than they would from MarketWatch or Yahoo! Finance.
Your news feed can be customized to focus on specific companies, sectors, and events. Refined categorization cuts through the noise and allows you to act immediately upon the release of a new story.
Benzinga Pro offers the following news feed filters:
- Result Summary
- PreMarket
- After Hours with Benzinga
- Stock split in reverse
- Approval by the FDA
Your news feed can be customized to focus on specific companies, sectors, and events. Refined categorization cuts through the noise and allows you to act immediately upon the release of a new story.
Advanced Filtering Of News Feed
If you select the ADV Newsfeed in your toolbar, you can access advanced filters. While in beta mode, you are able to filter your search according to fundamental data, volume, and pricing values.
You may, for example, decide to search for news containing the word “Approval” in the title related to Nasdaq, with a maximum stock price of $100, a market capitalization below $10 million, and more than one million shares.
To further refine your search, you can combine the advanced news feed filters with the three basic categories of news feed filters.
- Sources: Currently, six news sources are supported. Perform a broad search by combining all sources into a single search before drilling down into them.
- Categories: If you wish to limit your search results, select “Hot” for the most significant movers or “Loss” for the most significant losers.
- Sectors: Search not only by broad sector but also by narrow niche. For example, instead of searching for “Healthcare,” you may search for “Biotechnology in Healthcare.”.
Investors can extract the information relevant to them from Benzinga Pro in seconds through the intelligent use of the advanced news feed.
Benzinga Pro Corporate Calendar
This is a relatively minor feature, but Benzinga Pro’s corporate calendar is extremely helpful for finding out about specific events and announcements from the companies that you follow.
It is possible to look up the dates of scheduled events, such as quarterly retail sales figures and stock splits, as one of the best features of this feature. While similar platforms also provide corporate calendars, Benzinga Pro goes a step further by providing a wide range of parameters for past, present, and future events.
The corporate calendar includes the following events:
- Revenues
- Ratings provided by analysts
- Files with the Securities and Exchange Commission
- Payouts of dividends
- Splitting of stocks
- Indicators of sentiment
A calendar is an invaluable tool for traders who follow a long list of companies.
Benzinga Pro Offers Daily Newsletters
Benzinga Pro offers a variety of daily email newsletters, enabling you to stay up-to-date with the most important news stories.
These newsletters include pre-market outlooks, mid-day updates, and after-market roundups. They can be useful if you are not able to visit the platform regularly.
One of the most useful newsletters is the analyst rating newsletter. It provides a summary of major rating changes from some of the most respected analysts in the industry. This newsletter can provide valuable information to those who are interested in what experts think about specific assets.
Benzinga Pro Stock Screener
Although Benzinga Pro is a relatively simplistic stock screener, it’s useful for finding the biggest winners and losers in breaking news stories.
Using the “Session” and “Time Period” filters, you can perform basic stock checks whenever the market is open or closed.
The Squawk Box
In our opinion, the most powerful feature of Benzinga Pro is the Squawk Box. These are very fast audio alerts. They are aimed at short-term traders who are trying to wrangle information from multiple charts at once.
In the squawk box, basic numbers are repeated and nothing more. Day traders will benefit most from the squawk box since they are able to receive the news without having to switch away from their charts.
Prices Of Benzinga Pro
Pricing tiers are reasonable and provide real value. There are two subscription plans to choose from, but for 99% of investors, only two are relevant.
Also, you can take advantage of a 14-day free trial before committing to a monthly or annual subscription if you wish to try out the platform first.
Basic Plan ($99/month): With the basic package, you will receive a live news feed as well as watch list alerts, but you will not receive any other features.
Essential Plan ($249/month): This is the only plan that serious traders should purchase. It includes the news feed, the squawk box, the news desk chat, trade ideas, and personal account management.
Finally, there is the enterprise plan, which is aimed at investment groups and does not have an advertised price.
Benzinga Pro: Is It Legit?
When it comes to investing, there is always a risk, but there is no need to be concerned about the legitimacy of Benzinga.
There are many excellent reviews on Trustpilot and currently, Benzinga Pro has a 4.5-star rating on Trustpilot website.
The following are some of the most recent reviews:
“There is so much information covering the stock market, at times it was overwhelming to try to learn it all in just two weeks before making the decision to join for a full year. However, Benzinga Pro, in my opinion, is the number one source for breaking news, charts, company information, etc.” -RedHotDollars
“I have been attending some workshops with them, they are really professional and gives you useful information, they provide you with institutional analyses for trading market.” -Sara
“Signed up with Benzinga and on the very first day while still in my free trial period i picked a trade from the Unusual Options Activity Tool, paid #3.01 and sold at $4.20 the next day. Overall, a great site for any kind of trading. thanks, guys” -I.B.
FAQs
The following are the answers to the most common questions regarding the Benzinga Pro platform.
Benzinga Pro Basic Plan: Is It Worth It?
It is better to purchase the second-tier plan, which includes the most essential core features if you would like to maximize the benefits of a platform designed for active traders.
Will Day Traders Benefit From It?
Benzinga Pro is not as beneficial to ultra-short-term traders since it focuses heavily on fundamental news. However, short-term traders can use pre-market and after-hours news to plan their strategies.
Will Your Computer Support Benzinga Pro?
Some users have commented that computers with older CPUs have difficulty running this newswire together with other trading software. It may be worth stress testing it as part of the free trial program to determine whether your computer is capable of handling it.
How Does It Compare to Other News Sources?
In direct competition with Benzinga Pro, platforms such as RanSquawk and TradeTheNews offer similar pricing and speed, but Benzinga Pro differentiates itself in its user interface and the experienced analysts behind its news feed.
Expert input is what distinguishes Benzinga Pro’s news from its competitors.
After Reading this Benzinga Pro Review, Are You Interested in Benzinga Pro?
Benzinga Pro is a newswire platform that is one of the leading newswires for fundamental traders. It offers nothing groundbreaking in terms of the platform itself, but it is a recognizable financial brand with its own news service.
In fact, its speed at breaking stories gives it an edge over its competitors. If you have been getting your news from feeds such as MarketWatch, maybe it is time to upgrade.
In conclusion, Benzinga Pro is highly recommended.
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Benzinga Pro Review
Benzinga Pro provides you with a powerful tool for analyzing the market today.
The majority of user reviews on Benzinga Pro are positive, and its growing list of features makes it a powerful tool for investors.
In addition, It currently has a 4.5 star rating on Trustpilot, so there is no need to worry about the legitimacy of Benzinga.
