Benzinga Pro Review 2022: The Best Stock Trading News Feed?

By: Jeremy Biberdorf Nov 16, 2022
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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. You can get up-to-the-second stock market news, financial releases, company news, and rumors delivered to your news platform of choice.

You get real-time news which gives you fast access to everything you need such as watchlist alerts. Our Benzinga Pro review shows that this is a strong tool for fundamental analysis and block trades.

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.

FeesService TypePromotion
$99 - $249/monthMarket news service & stock screener14-day free trial or Save 50%

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 is 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’s best for:

  • Active traders
  • Trend traders
  • Active Day Traders
  • Swing Traders
  • Professional 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 analysis side of things. Benzinga Pro, however, provides you with a powerful tool to figure out what’s going on in the market today with real-time news.

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?

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’s 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’s real-time news feed and it looks like any standard news feed. The difference is Benzinga has its own dedicated news desk. 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.

Advanced News Feed Filtering

Open up the ADV Newsfeed in your toolbar and access advanced filters. While still in beta mode, the advanced newsfeed enables you to add fundamental data, volume, and pricing values as filters to your search.

For example, you may decide to search for all news with “Approval” in the title related to Nasdaq, with a maximum stock price of $100, with a market cap of below $10 million and more than one million in share volume.

Benzinga Pro advanced news feed filtering now supports this. Combine the advanced news feed filters with the three basic categories of news feed filters to further refine your search:

  • Sources – With six news sources currently supported, perform a broad search by incorporating all sources into a single search before drilling down into individual sources.
  • Categories – Limit the results you receive when performing a search. Set the filter to “Hot” for the most prominent movers or look for “Loss” for the biggest losers.
  • Sectors – Search not only by broad sector but by narrow niches. For example, rather than searching for “Healthcare,” you can search for “Biotechnology in Healthcare” instead.

Intelligent use of the advanced news feed helps investors extract the information pertinent to them from Benzinga Pro in seconds.

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
  • Sentiment indicators

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 articles 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 subscription 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 before signing up for a monthly or annual subscription.

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

Essential Plan ($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, trade ideas, 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.

Is Benzinga Pro Legit?

There is always a risk when it comes to any type of investing. However, if you are worried about the legitimacy of Benzinga, there is no need.

Trustpilot has a bevy of excellent reviews on its website and currently, Benzinga Pro has a 4.5 star rating on the Trustpilot website.

Below are some of the latest 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.

Are You Interested in Benzinga Pro After Reading this Benzinga Pro Review?

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.

Frequently Asked Questions

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

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.

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.

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.

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.

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Jeremy Biberdorf

About the Author:

Jeremy Biberdorf is the founder of Modest Money. After working many years in the website marketing industry, he decided to take on blogging full time and also get his finances headed in the right direction. Also check out his contributions to Equities.com and Benzinga.

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