Finviz vs thinkorswim 2024: Which stock screener is best for you?

Factor 1: Investment Strategy

Finviz

Finviz, short for Financial Visualizations, is an online platform that focuses on providing stock screening, technical analysis, and portfolio management tools. It is designed for investors who want to identify investment opportunities quickly and easily. The platform allows you to filter stocks based on various criteria, such as market capitalization, industry, and performance.

The platform also offers a wide range of charting tools and technical indicators that help users analyze stock trends and make informed decisions. Finviz is ideal for investors who are new to the market or those who want an easy-to-use platform that provides essential screening and technical analysis tools.

thinkorswim

thinkorswim, on the other hand, is a comprehensive trading platform developed by TD Ameritrade. It offers advanced charting, trading, and research tools that cater to more experienced investors. Users can access a vast array of technical indicators, customizable charts, and studies for in-depth analysis.

In addition to stocks, thinkorswim supports trading in options, futures, and forex. The platform also offers paper trading, allowing users to practice their trading strategies in a risk-free environment. Overall, thinkorswim is a powerful platform for advanced investors looking for a comprehensive suite of tools and resources.

Factor 2: Features

Finviz

Finviz offers a wide range of features that cater to various investment styles. Its stock screener allows users to filter stocks based on over 60 criteria, including financial ratios, performance metrics, and technical indicators. The platform also provides heat maps, which visually display the performance of various sectors and industries.

Finviz includes a news aggregator that compiles the latest financial news from major sources, keeping users informed about market developments. In addition, the platform offers insider trading data, helping investors identify potential opportunities based on insider activity.

thinkorswim

thinkorswim boasts an impressive array of features that cater to more advanced investors. Users can customize charts with various studies and drawing tools, creating a tailored analysis experience. The platform supports trading in various asset classes, including stocks, options, futures, and forex.

One of thinkorswim’s standout features is its paper trading functionality, which allows users to practice their trading strategies without risking real money. Additionally, the platform offers risk analysis tools that help users evaluate their portfolio’s risk exposure and make adjustments accordingly.

Factor 3: Pricing

Finviz

Finviz offers a free version of its platform, which provides access to basic features such as the stock screener, heat maps, and news aggregator. For users who want to unlock more advanced features, Finviz offers a paid subscription called Finviz Elite. The Elite subscription costs $24.96 per month (billed annually) or $39.50 per month (billed monthly).

With Finviz Elite, users gain access to real-time data, advanced charting tools, additional screening options, and email alerts. This subscription tier is ideal for investors who want a more comprehensive experience with access to advanced tools and resources.

thinkorswim

thinkorswim is free to use for TD Ameritrade account holders, with no additional fees for accessing its advanced trading tools and resources. Users can enjoy the platform’s comprehensive suite of features, including customizable charts, technical indicators, and risk analysis tools, without incurring extra costs. This makes thinkorswim an attractive option for investors looking for a powerful platform without additional expenses.

Finviz vs thinkorswim: Our Summary

While both Finviz and thinkorswim offer valuable tools and resources for investors, Finviz emerges as the winner in this comparison for several reasons.

Finviz’s focus on stock screening and technical analysis makes it an excellent choice for investors who want an easy-to-use platform that provides essential tools for identifying investment opportunities. Its user-friendly interface and extensive screening options make it accessible to both beginners and experienced investors.

Furthermore, Finviz offers a free version that provides access to basic features, making it an attractive option for those who want to try out the platform without committing to a paid subscription. For users who want to unlock more advanced features, the Finviz Elite subscription offers additional tools and resources at a reasonable price.

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While thinkorswim is a powerful platform with a comprehensive suite of advanced tools, it caters more to experienced investors and may be overwhelming for beginners. Additionally, its free access is limited to TD Ameritrade account holders, which may be a drawback for some users.

In conclusion, if you’re looking for an easy-to-use platform with powerful stock screening and technical analysis tools, Finviz may be the better choice for you.

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