Jeremy Biberdorf
By: Jeremy Biberdorf
Mar 19, 2024

InsiderFinance Review 2024

Jeremy Biberdorf
By: Jeremy Biberdorf
Mar 19, 2024

Disclosure

Disclosure: This page may contain affiliate links. This means we earn a small commission (at no additional cost to you) if you purchase a product through our links.
Disclosure: This page may contain affiliate links. This means we earn a small commission (at no additional cost to you) if you purchase a product through our links.
InsiderFinance Logo

4.4/5

4.4 rating based on 5 ratings

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In a nutshell: InsiderFinance provides a powerful trading software with a focus on automated analysis. Day traders and swing traders in particular may benefit from InsiderFinance.

By analyzing millions of options contracts and dark pool prints each day, InsiderFinance aims to give traders an inside edge. This way they know which securities have the highest likelihood of moving the market.

Keep reading for a comprehensive InsiderFinance review so you can see how it might benefit your trading.

Monthly rate | $75 (billed monthly)Quarterly rate | $65 ($195 billed quarterly) Annual rate | $55 ($660 billed yearly)

InsiderFinance Dashboard

Pros & Cons
Pros
  • Intelligent order flow highlights smart money trades
  • Dark pool and equity prints give insider access
  • Crypto and forex market scanner
  • Custom watchlists
Cons
  • No mobile app
  • Limited scan options (and no saving scans)

InsiderFinance Review 2023 | Is InsiderFinance Right for Me?

insiderfinance.io website

InsiderFinance is a particularly helpful software for day traders and swing traders. When trying to make money on short-term stock and index movements, it’s highly beneficial to see unusual options activity.

InsiderFinance provides this and much more. So, if you’re a day or swing trader, or simply want insider access, then InsiderFinance may be a great tool for you.

Keep reading to learn more about how InsiderFinance works, including its top features.

External InsiderFinance Reviews & Ratings

SiteRating
DayTradingz4.5
Day Trade Review4

How Does InsiderFinance Work?

Imagine having access to the moves the smart money (i.e. Wall Street) is making. Couldn’t that make all the difference for your day or swing trading?

This is the premise that InsiderFinance offers. It aims to provide affordable access to all the smart money moves, arming retail investors with the information they need so they can have trading success.

InsiderFinance uses a proprietary system that automates technical analysis. This provides guidance on optimal position entries and exits. Knowing those are effectively the bread and butter for day and swing traders.

By seeing unusual options activity and dark pool prints, and pairing it with robust technical analysis and algorithmic trade ideas, InsiderFinance provides traders with the tools they need to succeed.

These tools also include industry-leading analysis and visuals, proprietary indicators and signals, sweep activity for smart money positions, and highly customizable filters (with presets). These features allow you to quickly search through smart money trading activity. Market news sentiment and headlines are also provided.

Taken together, InsiderFinance provides a comprehensive and intuitive platform that will help day and swing traders maximize their profits and minimize their losses.

InsiderFinance Features

InsiderFinance offers many unique features that help set it apart from other fintech software platforms.

Here are some of its key features and what they provide:

  • Real-time options order flow – Perhaps its major selling point, the real-time options order flow with unusual options activity and sweep activity makes InsiderFinance a top options screener. These large/smart-money transactions are key for day and swing traders to make money on short-term movements.
  • Dark pool and equity prints – Dark pool prints are another way that traders can benefit from InsiderFinance. For the unfamiliar, dark pool trades are block trades executed on an OTC market. InsiderFinance helps provide transparency for these dark pool prints, which often occur with penny stocks. As these stocks are a favorite of day and swing traders, this information can be a huge benefit.
  • Crypto and forex market scanner – While many such platforms only track securities and major indices, traders using InsiderFinance also have privileged access to currency movements, including crypto.
  • Technical analysis – InsiderFinance integrates with TradingView, a leading charting platform. This provides users with premier technical analysis tools. You can also access charting within InsiderFinance without a TradingView account.
  • Dashboard filtering – InsiderFinance provides a lot of tools aimed at making your life easier. Among these tools is the one-click dashboard filtering option, which offers actional presets, including “equities,” “unusual,” “sweeps,” “momentum,” “ETFs,” and “moonshots.” You can also customize each of these with an array of filters.

Insider Finance Pricing & Plans

InsiderFinance offers one, all-inclusive plan. There are no tiers or upgrades, which also means no upselling.

So, why are there three options? InsiderFinance offers a way for you to save by billing quarterly or annually instead of monthly. If you opt to bill quarterly or annually, you get a $10 and $20 discount, respectively, compared to the monthly subscription.

The pricing works as follows:

  • $75 billed monthly
  • $195 billed quarterly ($65 per month)
  • $660 billed yearly ($55 per month)

Real-Time Market Insights

InsiderFinance’s real-time market insights feature empowers traders to swiftly identify emerging trends in the stock market, enabling them to make timely and informed decisions. This immediate access to market movements is invaluable for day traders and swing traders who rely on quick reflexes to capitalize on short-term opportunities.

The software’s market sentiment analysis provides a deeper understanding of the overall market mood, offering traders additional context to their trading strategies. This insight can be particularly useful during volatile market conditions, helping traders navigate the market with confidence.

Customizable Alerts and Notifications

InsiderFinance allows traders to set up customizable alerts based on specific criteria such as price movements, volume changes, or technical indicators. This feature ensures that traders are always in the loop and can react promptly to potential trading opportunities.

With the ability to tailor notifications to individual trading strategies, InsiderFinance users can streamline their focus on the most relevant market events. This customization reduces information overload and enhances the efficiency of the trading process.

Comprehensive Trading Strategy Support

InsiderFinance is designed to support a wide range of trading strategies, from momentum trading to contrarian approaches. This versatility makes it a suitable tool for traders with varying preferences and methodologies.

The platform offers advanced analytical tools that enable traders to refine and optimize their trading strategies. Whether it’s backtesting a new strategy or tweaking an existing one, InsiderFinance provides the necessary resources to enhance trading performance.

Interface Complexity

While InsiderFinance’s dashboard is rich with information, its density can be overwhelming, especially for new users. The sheer volume of data and features packed into the interface may lead to a cluttered user experience, potentially hindering quick decision-making.

To address this, InsiderFinance could consider simplifying its dashboard layout and offering more intuitive navigation tools. Streamlining the interface would not only improve usability but also make the platform more accessible to traders of all experience levels.

Advanced Charting Capabilities

InsiderFinance provides advanced charting capabilities through its integration with TradingView, a leading charting platform. Traders can access a wide range of technical analysis tools, including trendlines, indicators, and drawing tools, to perform in-depth analysis of market trends and price movements.

With customizable chart layouts and multi-chart views, traders can tailor their analysis to suit their trading strategies and preferences, enhancing their decision-making process.

Customization Options

  • Color Schemes: Traders can customize color schemes on charts, allowing for better visualization of data and trends.
  • Chart Types: InsiderFinance offers a variety of chart types, including candlestick, line, and bar charts, catering to different trading preferences.

Multi-Chart Views

  • Comparative Analysis: Traders can view multiple charts simultaneously, facilitating comparative analysis across different securities.
  • Asset Correlations: This feature enables traders to identify correlations and patterns across various assets, providing valuable insights for trading strategies.

Technical Analysis Tools

  • Indicator Library: InsiderFinance grants access to a comprehensive library of technical indicators, empowering traders to conduct thorough market analysis.
  • Drawing Tools: Traders can utilize drawing tools such as trendlines and Fibonacci retracements to identify key support and resistance levels.

Educational Resources and Webinars

In addition to its powerful trading tools, InsiderFinance offers a wealth of educational resources, including webinars and tutorials, to help traders enhance their skills and knowledge.

These resources cover a variety of topics, from technical analysis techniques to market psychology, providing valuable insights and strategies to traders of all experience levels. By leveraging these educational resources, traders can continuously improve their trading proficiency and stay ahead of market trends.

Interactive Webinars

InsiderFinance hosts regular webinars conducted by industry experts, covering a diverse range of trading topics and strategies. These expert-led sessions provide traders with practical insights and real-world examples, helping them deepen their understanding of various trading concepts.

Moreover, the inclusion of Q&A sessions allows traders to engage directly with presenters, posing questions and receiving immediate feedback, which further enriches the learning experience.

Comprehensive Learning Materials

In addition to live webinars, InsiderFinance offers a comprehensive library of learning materials, including articles and guides. These resources cater to traders at different proficiency levels, covering fundamental concepts as well as advanced trading techniques. Furthermore, traders can access video tutorials for step-by-step instructions on using InsiderFinance’s features and tools, ensuring they can easily make the most of the platform’s capabilities.

Community Forums

To foster a supportive learning environment, InsiderFinance provides community forums and discussion boards where traders can interact and share insights. These engagement opportunities allow traders to connect with like-minded individuals, exchange ideas, and learn from each other’s experiences.

Moreover, the peer support within these forums enables traders to seek advice and guidance from fellow community members, further enhancing their learning journey.

Risk Management Features

InsiderFinance prioritizes risk management with a range of features designed to help traders mitigate potential losses and protect their capital. From stop-loss orders to risk-reward ratio analysis tools, traders can implement effective risk management strategies to safeguard their investments.

Additionally, InsiderFinance offers portfolio risk assessment tools and performance analytics, allowing traders to evaluate their risk exposure and adjust their trading strategies accordingly, promoting long-term success and sustainability.

Stop-Loss Orders and Alerts

Traders can rely on InsiderFinance’s stop-loss orders to automatically exit positions at predefined price levels, minimizing potential losses and preserving capital. These automated risk mitigation tools provide traders with peace of mind, allowing them to manage their positions effectively without constant monitoring.

Moreover, customizable alerts based on specific risk criteria enable traders to stay informed about potential market risks in real time, empowering them to make timely decisions to protect their investments.

Portfolio Risk Assessment

InsiderFinance’s portfolio risk assessment tools enable traders to evaluate the diversification of their portfolio and identify concentration risks.

By analyzing metrics such as beta, standard deviation, and maximum drawdown, traders can gain insights into their portfolio’s risk exposure and make informed decisions to optimize risk-adjusted returns. This comprehensive risk analysis functionality equips traders with the tools they need to maintain a balanced and resilient investment portfolio.

Performance Analytics

  • Trade Analysis: InsiderFinance offers comprehensive performance analytics, allowing traders to analyze trade metrics such as win rate, risk-reward ratio, and maximum drawdown.
  • Strategy Evaluation: Traders can evaluate the performance of their trading strategies and identify areas for improvement using InsiderFinance’s performance analytics tools.

Algorithmic Trading Strategies

InsiderFinance empowers traders with algorithmic trading strategies that automate the execution of trades based on predefined criteria and parameters. These strategies leverage proprietary algorithms and machine learning techniques to identify high-probability trading opportunities and execute trades with precision and efficiency.

Whether it’s trend-following algorithms or mean-reversion strategies, InsiderFinance offers a diverse range of algorithmic trading options to cater to different trading styles and objectives.

Strategy Customization

Traders can customize algorithmic trading strategies by adjusting entry and exit criteria, risk tolerance, and position sizing. InsiderFinance provides tools for backtesting algorithmic trading strategies, allowing traders to evaluate their performance under different market conditions.

Automated Execution

  • Precision Trading: Algorithmic trading strategies execute trades with precision and speed, minimizing slippage and maximizing profit potential.
  • 24/7 Trading: With automated execution, traders can take advantage of trading opportunities around the clock, even when they’re not actively monitoring the markets.

Machine Learning Integration

InsiderFinance’s algorithmic trading strategies incorporate machine learning algorithms that adapt to changing market conditions, optimizing performance over time. Machine learning techniques enable algorithms to identify patterns and trends in market data, enhancing predictive capabilities and decision-making.

Backtesting and Strategy Optimization

Traders can leverage InsiderFinance’s backtesting and strategy optimization tools to validate and refine their trading strategies before deploying them in live markets. By simulating historical market data and analyzing past performance, traders can assess the effectiveness and robustness of their strategies, identifying strengths and weaknesses. With customizable testing parameters and performance metrics, InsiderFinance enables traders to fine-tune their strategies for optimal results and risk-adjusted returns.

Historical Data Simulation

InsiderFinance’s backtesting tools enable traders to simulate trades using historical market data, providing insights into how strategies would have performed in the past. Traders can conduct scenario analysis by backtesting strategies under different market conditions, evaluating performance across various scenarios.

Strategy Optimization

Traders can optimize their trading strategies by adjusting entry and exit rules, stop-loss levels, and position sizing. InsiderFinance’s optimization tools allow traders to evaluate the performance of optimized strategies against predefined benchmarks, ensuring robustness and consistency.

Risk Management Analysis

  • Drawdown Evaluation: Traders can analyze drawdowns and other risk metrics during backtesting to assess the risk-adjusted returns of their strategies.
  • Portfolio Impact Assessment: InsiderFinance enables traders to evaluate the impact of optimized strategies on their overall portfolio performance and risk exposure.

Limited Customization of Scans

A notable limitation of InsiderFinance is the constraint on scan customization, with users unable to save their scan settings. This restriction can be inconvenient for traders who rely on specific criteria for their market analysis and need to recreate these scans repeatedly.

Enhancing the platform by allowing users to save and easily access their custom scans would significantly improve the user experience. Offering more flexibility in scan settings would cater to the diverse needs of traders and streamline their workflow.

Competitors Overview

TradingView

TradingView

TradingView stands out for its exceptional charting capabilities and collaborative trading community. Its user-friendly interface and comprehensive technical analysis tools make it a popular choice for traders seeking detailed market insights and community engagement.

Stock Rover

Stock Rover logo

Stock Rover is a comprehensive investment research platform that provides in-depth financial data, analytics, and research tools. It’s particularly renowned for its powerful stock screening capabilities and extensive investment analysis features.

Stock Rover caters to both individual investors and financial professionals seeking detailed insights into stock performance, portfolio management, and market trends.

TC2000

TC2000 is a leading charting and stock analysis software known for its intuitive interface, powerful technical analysis tools, and real-time market data. Ideal for active traders and technical analysts, TC2000 provides a seamless experience for charting, scanning the markets, and identifying trading opportunities.

The platform is available on desktop and mobile devices, offering flexibility to traders who need access to market data and analysis tools on the go.

Is InsiderFinance Worth It?

InsiderFinance is definitely worth considering for day traders and swing traders. That’s because it provides key information in a comprehensive and intuitive platform. With insight into unusual options activity, smart-money moves, and dark pool prints, traders will have an edge when looking to capitalize on short-term stock and index movements.

While there are many fintech platforms out there nowadays, InsiderFinance stands out for its ease of use, proprietary algorithms, and insider access. It also has few drawbacks and is relatively affordable.

If you would like to explore InsiderFinance for yourself, click here so you can check it out today.

Frequently Asked Questions

InsiderFinance is primarily designed for day traders and swing traders focusing on short-term market movements, although some features may be useful for longer-term analysis.

Due to its comprehensive features and data-rich dashboard, beginners may find InsiderFinance challenging to navigate initially, but it offers valuable insights for those willing to learn.

Currently, InsiderFinance does not offer a dedicated mobile app, which may limit trading flexibility for users who prefer managing their trades on the go.

InsiderFinance focuses on market analysis and does not directly integrate with brokerage accounts for trade execution.

InsiderFinance provides real-time data, ensuring that traders have access to the most current market information for their trading decisions.

InsiderFinance offers various educational resources, including webinars and market insights, to help traders enhance their trading skills.

Yes, InsiderFinance allows users to customize alerts based on specific market activities, aligning with individual trading strategies.

InsiderFinance’s focus on automated analysis, real-time market insights, and unique features like dark pool prints sets it apart from other trading platforms.

InsiderFinance includes a crypto market scanner, making it a valuable tool for traders interested in cryptocurrency markets alongside traditional securities.

InsiderFinance offers a trial period, allowing traders to explore the platform’s features and determine its suitability for their trading needs before committing to a subscription.

InsiderFinance prioritizes user data security and privacy, employing advanced encryption methods to protect personal and financial information from unauthorized access.

Yes, one of InsiderFinance’s core features is its ability to highlight unusual options activity, helping traders spot potential opportunities by tracking where the “smart money” is moving.

Jeremy Biberdorf

About the Author:

Jeremy Biberdorf is the founder of Modest Money. He’s a father of 2 beautiful girls, a dog owner, a long-time online entrepreneur and an investing enthusiast.