Benzinga Pro Review 2021: The Best Stock Trading News Feed?

Bob Haegele By: Bob Haegele

June 24, 2021

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Benzinga Pro Logo

4.5/5

4.5 rating based on 5 ratings

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In a nutshell: Benzinga Pro is a live stock trading news feed powered by financial news provider Benzinga. Get up-to-the-second news, financial releases, company news, and rumors delivered to your news feed.

News is announced in real-time, thus giving you the fastest access to the news. Our Benzinga Pro review believes this is a strong tool for fundamental analysis.

Fees Service Type Promotion
$99 - $249/month Market news service & stock screener 14-day free trial

Do you need to take your stock analysis to the next level? Benzinga Pro gives you the absolute most up-to-date news so you can trade according to the latest trends.

Pros & Cons

PROS

  • Faster news distribution
  • Competitive pricing
  • Exclusive stories
  • 14-day free trial

CONS

  • Only covers equities
  • Squawk coverage not 24 hours
  • No Real Estate Investing

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Full Benzinga Pro Review

Most tools seem to focus on the technical side of stock analysis. Benzinga Pro provides you with a powerful tool to figure out what’s going on in the market today. Gain access to exclusive stories and find out the truth faster through the real-time squawk box.

Benzinga Pro is best for:

  • Active traders
  • Trend traders
  • Financial firms (enterprise pricing available)

Do you need to up your game when it comes to fundamental stock analysis? Most tools seem to focus on the technical side of stock analysis. Benzinga Pro provides you with a powerful tool to figure out what’s going on in the market today.

Gain access to exclusive stories and find out the truth faster through the real-time squawk box. While not quite a perfect service, we believe it gives any trader an edge over the average retail investor.

Read more of our Benzinga Pro review to find out more about its core features and why you should give it a try.

What is Benzinga Pro?

Product Name
  • Benzinga Pro.
Services
  • Market news service and stock screener.
Membership Fee
  • Plans ranging from $79/month to $347/month (varies with monthly and annual billing).
Customer Service
  • Live chat, email, and phone support
Promotions

The Benzinga brand was founded by Jason Raznick back in 2010. The original Benzinga platform soon evolved to provide the Benzinga Pro newswire tool.

As the technology and usability of this platform have improved, the platform has continued to innovate. With more than 16 million unique visitors every month, Raznick has added innovations, such as a chat feature and a stock screener.

Most reviews on Benzinga Pro are glowing and its growing range of features is what makes it such a powerful tool to have for the average investor.

Benzinga Pro Features

Benzinga Pro is a relatively simple platform to get to grips with. Our review on Benzinga Pro will show you how to unlock the full potential of this newswire platform.

Pre-Configured Work Spaces

Perhaps the most awesome feature of this platform is the opportunity to have full control over what you see. These are known as user-designed workspaces and they allow investors to decide what they see at any time.

It’s easy to customize the various windows of the platform according to your investment needs. If you don’t want to take the time to customize your workspace, you may decide to opt for a pre-configured workspace instead.

As part of your customization, it’s possible to set certain alerts and news stories to be automatically highlighted when they appear. This guarantees you get the most important information first.

Additionally, you have the option of loading up more than a single workspace at any one time via tab navigation.

News Feed

One glance at the Benzinga Pro news feed and it looks like any standard news feed. The difference is Benzinga has its own dedicated news team. It doesn’t have to rely on reporters from MarketWatch and Yahoo! Finance to report the news. This means investors get the stories they care about faster.

You can customize your news feed to focus on specific companies, sectors, and events. Refined categorization cuts through the noise and allows you to take action the moment the story comes out.

Some of the top news feed filters available through Benzinga Pro include:

  • Topline results
  • PreMarket
  • Benzinga After Hours
  • Reverse Stock Split
  • FDA Approval

You can customize your news feed to focus on specific companies, sectors, and events. Refined categorization cuts through the noise and allows you to take action the moment the story comes out.

Corporate Calendar

While a relatively minor feature, Benzinga Pro’s corporate calendar is incredibly useful for finding out about specific events and announcements from the companies you follow.

One of the best parts of this feature is the chance to look up the dates of scheduled events, such as quarterly retail sales numbers and stock splits. Although other similar platforms also have corporate calendars, Benzinga Pro goes one step further by offering a range of parameters for past, present, and future events.

Some of the events covered in the corporate calendar include:

  • Earnings
  • Analyst ratings
  • SEC filings
  • Dividend payouts
  • Stock splits

For traders with a long watch list of companies, the corporate calendar is an invaluable tool for staying on top of the news.

Daily Newsletters

Benzinga Pro offers a selection of daily email newsletters, so you can get the most important news in your inbox.

Newsletters include pre-market outlooks, mid-day updates, and after-market roundups. If you don’t have the time to visit the platform, these email newsletters can help you stay abreast of the latest developments.

Perhaps the most useful newsletter is the analyst rating newsletter. It offers a summary of major rating changes from some of the most respected analysts in the business. If you’re someone who cares about what the experts think about specific assets, this newsletter can inform your next trade.

Stock Screener

The Benzinga Pro stock screener is one of the newest innovations. Although it’s a relatively simplistic version of a stock screener, it’s useful for finding the biggest winners and losers in a breaking news story.

By using the “Session” and “Time Period” filters, you can perform basic stock checks whenever the market is open or closed.

Squawk Box

Perhaps the most powerful feature offered by Benzinga Pro is the squawk box. These are extremely fast audio alerts. They’re aimed at the short-term trader who’s trying to wrangle information from multiple charts at once.

The squawk box repeats the basic numbers and nothing more. Day traders, in particular, will benefit because it means they can get the news without switching away from their charts.

Benzinga Pro Pricing

Like most reviews on Benzinga Pro, we believe its pricing tiers are reasonable and provide real value. There are three plans to choose from, but for 99% of investors, only two of these plans are relevant.

There’s also a 14-day free trial you can take advantage of if you want to test-drive the platform first.

Basic ($99/month) – The basic plan offers the most basic live news feed. It also includes watch list alerts but little else.

Essential ($249/month) – The second tier plan includes all advertised features. For serious traders, this is the only plan to buy. It includes the news feed, squawk box, news desk chat, and personal account management.

The third and final plan is the enterprise plan. This is aimed at investment groups and there’s no advertised price, so you have to call them.

Benzinga Pro FAQ

If you have any questions about the Benzinga Pro platform, here are the answers to the most common queries.

Is the Benzinga Pro Basic Plan Worth It?

In our opinion, no. To get value from a platform designed for active traders, it’s better to purchase the second tier plan as it includes the most essential core features.

Will Day Traders Benefit from Benzinga Pro?

Ultra-short-term traders won’t get as much value from Benzinga Pro simply because it focuses on fundamental news. However, short-term traders can plan their strategies using pre-market and after hours news data.

Will My Computer Support Benzinga Pro?

Some reviews on Benzinga Pro have mentioned that computers with older CPUs struggle to run this newswire alongside other trading software. It may be worth stress testing it as part of the free trial to figure out whether your machine can support it.

How Does Benzinga Pro Compare to Other News Sources?

Platforms like RanSquawk and TradeTheNews are in direct competition with Benzinga Pro. Both offer similar pricing and speed. Where Benzinga Pro elevates itself is in its interface and the experienced analysts behind the news stream.

The expert input is what makes Benzinga Pro’s news superior to its competitors.

Is Benzinga Pro Right for You?

We believe that Benzinga Pro is one of the premier newswire platforms for trading on the fundamentals. Although the platform itself offers nothing groundbreaking, it’s a recognizable financial brand with its own news team.

The speed at which it breaks stories is what gives it an edge over its competitors. If you’re traditionally used to getting your news from feeds like MarketWatch, it may be time to upgrade.

In conclusion, we highly recommend taking advantage of Benzinga Pro.

Check out Benzinga Pro and sign up for their 14-day free trial.

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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.