Stock trading has never been more popular in the U.S. With trading volumes reaching 10 billion per day consistently, it’s clear that we have entered a golden age for stocks. The introduction of no-fee trading platforms, such as M1 Finance and SoFi, has brought more and more retail investors into the market.
Yet most of these traders will lose money in the end. A lack of research and knowledge is responsible for drawing inexperienced traders into the fold. Technology is the answer for finding the best stock to buy and executing trades at the right time.
Stock screeners are a game-changer, and here are the best stock screeners currently available.
1) Trade Ideas
Good stock scanners need to be quick to take into account the latest machinations of the market. Perfect market timing is just as important as knowing which stock to buy.
Our Trade Ideas review focused on the fact that the platform is one of the best options for short and medium-term trading.
Take advantage of the free stock picking service, investor chat room, and even penny stocks scans. The interface is fully integrated for automated trading so that you can leave your portfolio on autopilot.
Trade Ideas utilizes artificial intelligence to scan your chosen market sectors for new opportunities automatically. It displays real-time results and has shown it can beat the markets consistently.
There’s a reason why Trade Ideas is one of the fastest-growing stock screeners in the U.S.
- AI functionality for better results
- Automated trading features
- Customizable scanners
- Limited fundamental research data
- High fees
2) Benzinga Pro
Benzinga Pro brings a full-service solution to the table by combining the best of a robust stock screener and the most advanced newsfeed tool in the business.
Create your own workspaces and set in-depth screener settings. Our review on Benzinga Pro focused heavily on its keyword filters. For example, you could set filters like “FDA approval” or “stock split” as your filters.
It takes just a few mouse clicks to set up these filters automatically. Let Benzinga Pro run and wait for any alerts that come through so you can act.
Additionally, traders can enjoy integrated charging pre-defined stock scans and even a squawk box. You now have your stock screener and news platform in one easily accessible location.
- Combined stock screener and news platform
- Squawk box
- Customizable newsfeed for fundamental analysis
- Squawk box isn’t 24/7
- Only includes equities
TrendSpider is quite possibly the smartest trading software in the world for automating your in-depth technical analysis. The platform’s market scanner produces dynamic watchlists based on priority technical data.
Find your trading setup with flexible scans. Use one of 20 built-in scans or create your own. While not as fast as Trade Ideas at scanning, the one-minute chart is more than sufficient for most traders.
One cool feature you won’t find with other stock screeners is the multi-timeframe analysis, allowing you to bring together multiple timeframes on a single chart.
Some of the charting features are unique to TrendSpider, such as the Ichimoku Cloud, MACD Cross, and blue Raindrop scanner.
- AI-powered algorithms
- Free education at TrendSpider University
- Continuous improvement
- Slow loading charts
- Viewing several charts at once is difficult
4) Atom Finance
Atom Finance takes low-cost market analysis and turns it into no-cost market analysis. After raising $10 million in Series A funding and welcoming 100,000 people as part of its public beta, Atom is the alternative to the Bloomberg terminal.
As mentioned in our Atom Finance review, this is institutional-power analysis with the usability of a retail product. It has succeeded in leveling the trading floor by giving retail investors access to those in-depth insights.
Get instant financial modeling with consensus projects. Link your investment portfolio to get a broad overview of your holdings, including statistics on P&L and diversification.
Use the X-Ray function to get news, filings, transcripts, and market analysis from well-respected investors across the industry. You can also collaborate with your fellow investors, all for free.
While there are premium membership tiers for more hardcore analysis, most investors will get everything they need from the free version.
- Institutional-grade market data.
- Linked investment accounts
- Freemium model
- Fees on institutional access
- No customer support
TradingView is a flexible low and no-cost screening platform for a broad range of securities. While it may seem overwhelming for new traders, the TradingView platform lets you screen both stocks and ETFs without signing up for an account.
Choose from 150 filters, including technical and fundamental, to sort through stocks with extreme precision. Switch easily between different stocks and ETFs to compare and contrast their most essential stats.
TradingView beats out the competition in the range of international stocks and funds it includes. Unlike other stock screeners, TradingView is not America-centric.
You can even delve into cryptocurrency and Forex trading. Compare securities using the simplified rating system for securities, ranging from “strong sell” to “strong buy.”
Investors can even bring together company-level data with some of the broader economic indicators to help put everything into context.
The only downside is if you want to use real-time indicators and charting, you’ll need to sign up for a subscription. Regarding its high-level scanning features, sign up and take advantage of access to all but the most in-depth functionality.
- Basic charting with the free account
- Desktop and mobile compatibility
- Wide asset range covered
- Limited brokerage support
- Expensive premium tiers
These are the top five best stock screeners on the market today. Investors who commit to detailed research will always have an advantage over those who pick at random. Of course, not everyone needs to know absolutely everything about a company. The information you need depends on your overall investment strategy.
Think about what you need from your stock scanner and choose accordingly. With so many free and low-cost options available to today’s investors, there’s no excuse not to have the latest market data.
What is your favorite stock screener?