Atom Finance Review 2021: Best No-Cost Market Analysis?

Bob Haegele By: Bob Haegele

June 24, 2021

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5.0/5

5.0 rating based on 5 ratings

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In a nutshell: Atom Finance provides investors with a no-cost stock analysis solution. Its public beta attracted 100,000 sign-ups and the company has made its mark providing institutional-level investment data to retail investors all over the world.

Our Atom Finance review believes this is a game-changer for the average retail investor.

Service Type Fees Promotion
Stock analysis $9.99 per month 7-day free trial

Big data is oftentimes off limits for the average investor. Atom Finance changes this by offering institutional-level investment data for all investors.

Pros & Cons

PROS

  • Easily compare different companies
  • In-depth stock market research
  • Easily connected to popular brokerages

CONS

  • Little customer support
  • Atom+ charges a fee for institutional access

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In This Article

Full Atom Finance Review

Atom Finance promotes itself as the free alternative to Bloomberg. Individuals gain access to stock screening tools, in-depth company comparisons, and financial modeling to help them make their next trade. The vast majority of information is available completely free of charge.

Atom Finance is best for:

  • Experienced traders and investors
  • Data nerds
  • Active traders

Do you prioritize technical analysis when making trading decisions? Atom Finance is accessible to traders from all over the world. Although they are about to unveil a paid option, it’s still much cheaper than paying for access to a Bloomberg terminal.

Keep reading our Atom Finance review to find out why we believe this is a gamechanger

What is Atom Finance?

Product Name
  • Atom Finance
Services
  • In-depth stock market analysis.
Membership Fee
  • $9.99/month.
Customer Service
  • None.
Promotions
  • 7-day free trial.

Atom Finance is a fintech established in New York City by Eric Shoykhet in 2018. The venture has raised $12.6 million thus far. Its mission statement is to democratize access to the institutional investment tools previously only available to professional Wall Street traders.

With access to a Bloomberg terminal costing $24,000 per year, Atom Finance provides much of the same information for free. Thus, it allows individual investors to operate on a level playing field.

Atom Finance Features

Our review of Atom Finance can’t say enough about the quality of the investment analysis on offer to investors. Both beginners and veteran investors can gain a huge amount of information that’s simply not available through MarketWatch and Yahoo! Finance.

Although small, it’s growing quickly and is creating a level playing field within the markets.

Customized News Feed

Unlike Robinhood, the Atom Finance newsfeed provides you with relevant news stories about the companies you care about. It’s trained to focus on important financial data that could influence your trading decisions.

You also have full control over the stories reported. For example, if you have investments in three companies and only want to hear the news relevant to them, you can do that. It’s also possible to only hear news about companies with a certain market cap, specific industries, or even specific countries.

The data provided far surpasses popular investing apps like Robinhood. For example, Atom Finance gives you access to the opening, midday, and closing reports. This is why so many investors use the customized news feed from Atom Finance to supplement their brokerage account activity.

See Your Financial Accounts in One Place

Using Plaid, investors can see all their financial accounts in one place. Investors can track their financial accounts by synchronizing them with the platform. You can also monitor stats and receive real-time profit and loss statements.

This doesn’t give Atom access to any of your accounts, so you don’t need to worry about security.

Stock Alerts

Atom Finance stock alerts allow you to keep track of the stocks you care about. With multiple watch lists available, you can set price alerts so you’ll be the first to know if a stock is climbing or falling.

Its simple interface means you can easily keep track of a variety of asset classes, including commodities, currencies, bonds, and stocks.

In-Depth Company Analysis

Find out about a company by typing its name or ticker into the search box. Atom Finance analysis offers morning, afternoon, and evening briefs. Read through complete stock reports and find out which stocks are trending now.

There are also five different analysis tools available on Windows and iOS, including Sandbox, Portfolio, and X-Ray.

Stock Screener

Stock screeners are valuable tools because they allow investors to filter thousands of stocks in seconds. If you have specific criteria for your investments, Atom Finance’s stock screener allows you to quickly view investments that meet your criteria.

Different criteria you can set include:

  • Industry
  • Market cap
  • Return criteria

You can save your criteria for each search, so you can easily repeat searches without plugging your metrics back in again. Each set of saved criteria will be constantly monitored and you can receive alerts whenever a new potential investment is detected.

Passively keeping your finger on the pulse of the market is an extremely powerful tool and guarantees that you never miss out on the next big trend.

While not the most advanced stock screener available, the vast majority of investors will find everything they need with Atom Finance.

Create Financial Models

Atom Finance financial models allow you to forecast future performance for a business of your choice. These models are created from a range of factors, including income statements, cash flow, retained earnings, and industry data.

This feature offers an alternative to manually created spreadsheets. Models can be created directly on the platform.

Hubs

Hubs are the place for you to create watch lists and compare different stocks. The information within this area of your portfolio is updated and maintained in real-time, so you can be confident that the information presented here is current.

Choose from dozens of different metrics to compare different stocks, such as comprehensive company financial information, SEC filings, and analyst ratings.

Connect with Other Investors

Atom Finance enables you to connect with your fellow investors via the desktop website or mobile app. Both group chats and discussion boards provide a place for investors to sound off with their latest tips and insights.

Although these boards are occasionally an excellent resource to catch some great stock tips, there are no background checks on the people posting there. Most of the tips and opinions do come from relatively inexperienced investors.

Use this knowledge as a starting point for further research, rather than relying on these traders as a definitive trading source.

Brokerage Compatibility

Although there is no requirement to connect your brokerage account with Atom Finance, you can import trade data from a wide range of different U.S. brokerages.

Some of the brokerages compatible with Atom Finance include:

It’s considered best practice to connect your brokerage account to the platform so you can track your returns and perform an in-depth analysis of your portfolio.

Connecting your brokerage to the platform doesn’t give Atom Finance access to your financial information.

Atom Finance Fees

Atom Finance previously offered a free plan, but that is going away. Going forward, it will only offer its Premium plan for $9.99/month. However, there is a 7-day free trial if you want to try Atom Finance before committing.

Atom Finance FAQ

Here are the answers to some of the most common questions people have about Atom Finance.

Can I Place Trades with Atom Finance?

No. You need to connect your brokerage account to the platform. All trades are carried out by your broker, so no money ever flows through Atom.

Is Data Provided in Real-Time?

Yes. All data is real-time data, so you know you have the latest information.

Is My Money Safe While Using Atom Finance?

Yes because Atom doesn’t hold your money. All user information is fully encrypted so you don’t need to worry about connecting your brokerage account with the platform.

How Do I Cancel My Atom Finance Subscription?

Atom Finance makes it simple for subscribers to cancel their paid subscriptions. It’s no more difficult than visiting the billing section of your profile and canceling your subscription.

Terminated subscriptions continue to provide access to the platform’s premium features until the end of the billing month. At the end of the month, your profile will revert to its basic form.

Is Atom Finance Right for You?

Most reviews on Atom Finance are full of praise for democratizing access to market data. We can’t say enough about how groundbreaking Atom is. Individual investors using Atom can overcome the edge institutional investors have always possessed.

Its freemium model means that there’s no excuse not to use this analysis platform when making investment decisions.

Check out Atom Finance to gain access to Bloomberg-level data.

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Bob Haegele

About the Author:

Bob Haegele is a personal finance writer, entrepreneur, and dog walker. Bob has been writing about personal finance for three years and now manages several personal finance sites, including The Frugal Fellow, Modest Money, and Blooming Wealth. You can also find him contributing to popular websites such as Yahoo! Finance, MSN Money, and GOBankingRates. You can see more of his work on Muck Rack and Contently, or connect with him on LinkedIn.