Are you tired of sifting through stacks of financial reports and spreadsheets, trying to make sense of the stock market? Enter FinViz, the online powerhouse that promises to simplify the stock screening and research process for traders. This platform offers a wide range of tools, from filters to advanced charts, news feeds, and real-time data, all on a single platform.
But with so many online trading tools available, is FinViz worth it? In this article, we’ll explore the legitimacy of FinViz and what users are saying about the platform. Whether you’re a seasoned swing trader or just starting out, it’s important to know if FinViz is a reliable and effective tool to help you achieve your financial goals. So let’s dive in and find out is FinViz legit? We think yes.
Learn More About FinViz
Finviz was founded in 2007 by Juraj Duris. The platform’s primary goal was to provide traders with access to the best free stock screener and market visualization tools. Finviz has since evolved to become a comprehensive stock market platform, offering traders various essential tools and features for making informed trading decisions.
Being around for well over a decade is one of the strongest indications of a legitimate company that is providing on-going value to their customers.
FinViz is a powerful stock screener that provides investors with a broad range of tools to evaluate a list of stocks. It offers a range of descriptive and technical filters so that investors can find stocks that meet their investment criteria. It also provides detailed stock quotes, bar charts, and candlestick charts to help investors make informed decisions.
One of the most valuable features of FinViz is its institutional ownership data. This helps investors get insight into the activity of the institutional sector and the performance of certain stocks within it. FinViz also provides insider trading information to investors, which can be used to identify potential opportunities and make timely decisions.
In addition, FinViz offers swing trading tools for traders who are looking to take advantage of short-term price movements. This is done by setting a desired time frame and tracking the performance of various stocks. For traders who wish to venture into the futures market, FinViz also provides detailed futures data.
FinViz provides a wealth of information that can be used to make sound investment and trading decisions. By taking advantage of its descriptive filters, technical filters, institutional ownership data, and insider trading information, investors can gain access to a range of insights and uncover market opportunities.
Another valuable feature of Finviz is its heatmaps. The platform offers a great selection of heatmaps, including visualizing the US and world stock market performance, stock price performance, average volume, P/E, PEG, Dividend Yield, Float, EPS, and analyst recommendations. The heatmaps are a valuable tool for traders who want to visualize stock performance trends and identify profitable trade opportunities.
The Groups tab is another great feature of Finviz. It allows users to visualize the price performance of US stock sectors or industries and drill down to individual stocks. This tool provides traders with a comprehensive view of the stock market and is ideal for identifying the best performing sectors and industries.
Finviz’s backtesting feature is also worth mentioning. It offers over 100 unique technical indicators and automatically detects stock chart patterns. This tool enables traders to analyze historical data and test their trading strategies.
Finviz Elite, the platform’s premium version, offers real-time data flow, interactive daily charts, and a powerful 24-year backtesting service. This service is especially useful for advanced traders who require real-time quotes and powerful backtesting capabilities.
Most users of Finviz praise the platform’s comprehensive stock screening and market visualization tools. The free version offers a great selection of tools that enable traders to find profitable trade opportunities with ease. The platform’s heatmaps, Groups tab, and backtesting tool are also highly regarded by users.
However, some users have criticized the platform’s basic chart pattern recognition capabilities. The interactive charts do not provide tick-by-tick real-time data, which can be a disadvantage for some traders. Additionally, Finviz’s portfolio management is more like a simple watchlist, with no watchlist, so users need to enter the tickers manually.
Another disadvantage of the platform is that Finviz does not have coupon codes for its stock research software. However, the platform does offer a 1-year subscription 40% discount for new customers who start an Elite subscription.
Final Thoughts – Is Finviz Legit?
Finviz is a legitimate and reliable trading tool that provides traders with comprehensive market analysis, stock screening, and real-time data. The platform’s free version offers a great selection of tools that enable traders to find profitable trade opportunities with ease. Its premium version, Finviz Elite, is ideal for professional traders who require real-time market data and powerful backtesting capabilities.
Finviz is a great platform for beginning investors, or advanced investors who want to access accurate and up-to-date market data. The platform’s comprehensive stock screening and market visualization tools, combined with its user-friendly interface, make it a great option for traders looking to make informed investment decisions. Click here to get started with Finviz today!
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