Benzinga Pro vs. Trade Ideas: Premium Trading Tools

Benzinga Pro vs. Trade Ideas
  • Exclusive news stories
  • Real-time news distribution
  • Customizable workspaces
  • Incredible selection of stock scans
  • AI-powered platform
  • Automated trading

When it comes to trading, you need the most reliable information to make informed decisions. Both Benzinga Pro and Trade Ideas are premium trading tools that promise exceptional value for money. A study from the SEC says that 70% of traders lose money every quarter.


That likely doesn’t come as a surprise to regular Modest Money readers, but by using the right tools you can slash your chances of taking a loss. While neither of these tools is cheap, which one offers the best value?


Here’s everything you need to know about Benzinga Pro vs. Trade Ideas.

Benzinga Pro Overview

Alerts Screens

The Benzinga brand initially came into being back in 2010. Its founder, Jason Raznick, soon added the Benzinga Pro portal. This is a live stock trading news feed powered by Benzinga itself. Investors gain access to company news, financial releases, and even market rumors.


All news is disseminated in real-time, with a squawk box available during trading hours. Our Benzinga Pro review praised the fact that much of the news released is exclusive to the platform. This gives traders who use this service a major edge over the competition.


The usability and technology used within this platform have made this a critical fundamental analysis tool for the average trader. Today, it welcomes 16 million unique visitors every single month.


Whether you’re a regular day trader or simply trying to get an idea of how the market is working, Benzinga Pro caters to both types of investors.

Benzinga Pro Details

Stock screener and market news service

$99, $249, and Enterprise level

Live chat, phone, and email support

14-day free trial

The main advantage offered by Benzinga Pro is that it’s an extremely simple platform to jump into. Its biggest feature is the opportunity to create pre-configured workspaces. In other words, you control exactly what you see. Regardless of your trading strategy, Benzinga Pro allows you to create a trading view that works for you.


The other great advantage is that Benzinga Pro also offers a fully customizable newsfeed. Whether you want to know about a certain sector or you’re looking for recent releases on FDA approvals, your newsfeed can be tailored according to your investment strategy.


Plus, Benzinga Pro has its own news team. Unlike other fundamental analysis platforms, you’re not relying on the news teams at Marketwatch or Yahoo! Finance.


Finally, one of its most recent features is its stock screener. While simplistic by the standards of other platforms, this stock screener allows you to pinpoint the winners and losers within every story.

Benzinga Pro Fees

There are three membership levels available at Benzinga. Benzinga Pro fees depend on the program you choose. If you want to test-drive this trading tool, you can take advantage of the 14-day free trial.


Here are the three membership levels you can choose from:

  • Basic ($99/month) – The most basic live news feed and watch list alerts. Most features are unavailable with this plan.
  • Essential ($249/month) – Take your trading to the next level with the most advanced news feed, desk chat, personal account management, and squawk box.
  • Enterprise (Unknown/month) – The enterprise plan is aimed at investment firms and all prices are customized.

Benzinga Pro Pros

There are three membership levels available at Benzinga. Benzinga Pro fees depend on the program you choose. If you want to test-drive this trading tool, you can take advantage of the 14-day free trial.

  • Exclusive news stories
  • Real-time news distribution
  • Customizable workspaces

Benzinga Pro Cons

To learn more about the Benzinga Pro platform, read our full review on Benzinga Pro now.

Trade Ideas Overview

Trading Automation with Trade Ideas

Trade Ideas approaches day trading differently. Rather than focusing on fundamental analysis in the same way as Benzinga Pro, this is an advanced stock scanning tool incorporating artificial intelligence (AI) to find profitable trades.


The platform was developed by David Aferiat, Dan Mirkin, and Philip Smolen in 2003. This makes it one of the oldest commercially available trading tools around.

The fact that it remains the chosen platform of millions of traders worldwide shows that Trade Ideas has worked to keep up with the changing demands of the market and retail investors.


With an incredible amount of functionality within its scans, its chat room, and its commitment to education, making intra-day trades has never been simpler with Trade Ideas.


When compared to Benzinga Pro, Trade Ideas far surpasses Benzinga Pro in the areas where there’s an overlap.


Trade Ideas Details

Advanced stock screening, charting, and automated trading

$228/month

Email support

Get 15% off your first purchase

The main difference in the debate over Benzinga Pro vs. Trade Ideas is that the latter targets trading differently. Whereas Benzinga is more about fundamental analysis, Trade Ideas focuses on technical analysis.


Its AI-powered platform runs hundreds of scans to help you make better trades. There are also several forecasting tools to help you predict where a stock might go in the future. The Oddsmaker, in particular, is the groundbreaking tool that’s empowering more investors to make money.


It also comes with an automated trading platform, so you can make your trades with Trade Ideas. This is in contrast to Benzinga Pro, which doesn’t offer any form of automated trading.


Although Benzinga does have a stock screener, it cannot compete with Trade Ideas on any level. The advancements made to the platform’s long-running screener are unmatched by any of its current competitors.


Trade Ideas Fees

Trade Ideas offers a simple two-tier subscription. These two plans include:

  • Standard ($118/month) – Comes with 10 charts, 10 price alerts, and trade assistance.
  • Premium ($228/month) – 20 charts, 20 price alerts, access to Holly Grail (the platform’s native roboadvisor), and Brokerage Plus.

There’s not much difference in the fees charged by either platform. However, even Trade Ideas’ standard plan is worth trying out. The same cannot be said for Benzinga Pro’s introductory membership package.

Trade Ideas Pros

  • Incredible selection of stock scans
  • AI-powered platform
  • Automated trading

Trade Ideas Cons

  • Limited chart indicators
  • High price point

Find out more about Trade Idea features and read our full review on Trade Ideas now.

Benzinga Pro vs Trade Ideas: Comparison

Feature

Benzinga Pro

Trade Ideas

Service Type

Stock screening, charting, automated trading

Stock screening and market news

Fees

$99/month (Basic); $249/month (Essential); Enterprise (Custom)

Standard ($118/month); Premium (228/month)

Promotions

14-day free trial

Get 15% off your first purchase

Best For

Active investors

Day traders

Benzinga Pro vs. Trade Ideas: Which One is Right for You?

Truthfully, investors can benefit from paying for a subscription with both. Benzinga Pro is unrivaled when it comes to the quality of their fundamental analysis, whereas Trade Ideas is the clear winner in technical analysis.


For a good stock screener, it’s clear that Trade Ideas offers a far superior product. The fact they offer automated trading is another excellent advantage. On the other hand, Benzinga Pro’s approach to customized workspaces is a big plus for investors.


With regards to fees, there’s little to choose between them. Both platforms offer similar fee structures. On balance, the first-tier membership offers far more from Trade Ideas, with Benzinga Pro’s introductory tier lacking in features.


If you want to create an account with Benzinga Pro for market news and create an account with Trade Ideas for highly accurate stock screening and forecasting, this is the ideal combination for the serious investor.


Each platform offers something different:

  • Benzinga Pro is ideal for those who need a cutting-edge approach to market news. For active investors, or those looking to invest in the long-term, this is the ideal platform.
  • Trade Ideas is best for those who want to make better intra-day trades. The quality of the technical tools here is exactly what day traders are looking for.

While both platforms have their strengths, the right tool for you depends on your investing style and your current needs.

Bob Haegele

About the Author:

Bob Haegele is a personal finance writer, entrepreneur, and dog walker. He's a money management expert and investing connoisseur. Bob has been writing about personal finance for three years and now manages several personal finance sites, including The Frugal Fellow and Modest Money. You can also find him contributing to popular websites such as GOBankingRates, Bankrate, and Insurance.com. You can see more of his work on Muck Rack and Contently, or connect with him on LinkedIn.

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