Is Wallmine Legit?

Jeremy BiberdorfBy: Jeremy Biberdorf

April 8, 2023April 8, 2023


Wallmine is a popular online platform that offers a wide range of financial services to investors. The platform claims to provide users with access to advanced screening tools, unlimited portfolios, news coverage, daily newsletter, and portfolio tracking features, among other things. However, with so many similar platforms available online, it’s essential to understand whether Wallmine is legit and worth your time and investment. In this article, we’ll take a closer look at Wallmine and explore its features to help you make an informed decision.

Company Background

Wallmine is a well-established financial technology (FinTech) company with over 30 employees, founded in 2015. The company is privately owned and based in California, USA. Wallmine’s commitment to providing retail investors with access to the same level of financial data and analysis available to institutional investors has led to significant growth, with an estimated revenue over 9 million dollars.

Wallmine’s platform offers a comprehensive suite of financial tools and services, including full-text search and advanced screening tools, unlimited portfolio tracking, news coverage, insider trading information, and a daily newsletter. The platform also provides access to financial documents, real-time stock quotes, and in-depth stock market analysis to help users make informed investment decisions.

While Wallmine does not offer brokerage services, users can use the platform in conjunction with a separate brokerage account to manage their portfolios effectively. With its focus on providing institutional-level data and analysis to retail investors, Wallmine is a valuable resource for anyone looking to manage their investments effectively.
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Is Wallmine Worth it?

It really depends on what you’re looking for in a financial platform. Wallmine offers a bunch of features, like search and screening tools, unlimited portfolio tracking, news coverage, insider trading information, and a daily newsletter, which can be really helpful if you’re an active investor who wants to stay on top of your investments.

Wallmine’s search and screening tools can help you find securities that match your investment criteria, and its portfolio tracking features can help you keep track of how your investments are performing over time. Plus, the news coverage and daily newsletter can keep you informed about market trends and events that might affect your investments.

If you need more advanced tools to manage your investments, Wallmine’s Premium plans offer even more features, like an advanced cryptocurrency screener, more comprehensive financial data, and the ability to create more than five portfolios. However, keep in mind that some of these features come with a price tag, and Wallmine isn’t a brokerage account, so you’ll need a separate account to make trades.

If you’re looking for a platform that can help you stay informed about your investments and make smarter decisions, Wallmine is definitely worth considering. Its features can be useful for both beginners and experienced investors. Just remember that some of the more advanced features come with a cost, and you’ll need a separate brokerage account to actually make trades.

Full-text search and advanced screening

One of the most notable features of Wallmine is its full-text search functionality. The platform boasts a comprehensive database tool that allows users to search through over 50,000 stocks, ETFs, mutual funds, and cryptocurrencies. The search function also enables advanced screening to find specific securities based on user-defined criteria, such as market capitalization, dividend yield, and price movements.

Unlimited portfolios and portfolio tracking

Wallmine offers unlimited portfolio tracking to its users, allowing them to track all their investments in one place. Users can add and remove securities from their portfolio, view performance metrics, and receive alerts for price changes and ex-dividend dates. Wallmine also allows users to track a single portfolio, making it an excellent choice for users with only one investment account.

News coverage and insider trading

Wallmine provides users with access to a range of news articles from reputable sources, including Thomson Reuters. Users can use the platform to keep up-to-date with the latest financial news and stay informed about important events that may affect their investments. Wallmine also offers information about insider trading, which can be useful for making informed decisions about buying or selling securities.

Daily newsletter and financial documents

Wallmine provides a daily newsletter to its users, containing news articles, price movements, and other important updates. The newsletter can be customized to show only the information that users are interested in. Additionally, Wallmine provides access to financial documents, including annual reports and SEC filings, to help users gain a better understanding of the companies they are investing in.

Premium plans and cryptocurrency screener

Wallmine offers Premium plans that provide users with additional features, such as the ability to create more than five portfolios, use an advanced cryptocurrency screener, and access more comprehensive financial data. The Premium plans also offer ad-free browsing and faster customer support. However, the Premium plans come with a price tag, and users will need to weigh the benefits of the additional features against the cost.

Brokerage accounts and stock market analysis

Wallmine is not a brokerage account, meaning that users cannot buy or sell securities directly through the platform. However, the platform provides users with in-depth stock market analysis and real-time stock quotes to help them make informed decisions. Users can also view the stock market trends and the performance of individual securities over time.

Final Thoughts – Is Wallmine legit?

After exploring the features of Wallmine, it’s clear that the platform provides users with a range of tools to help them make informed decisions about their investments. The platform offers comprehensive full-text search and advanced screening tools, unlimited portfolio tracking, and news coverage from reputable sources. Additionally, Wallmine provides users with access to financial documents, insider trading information, and a daily newsletter to help them stay up-to-date with the latest financial news.

However, users should be aware that some features are only available with a paid subscription, and there may be additional fees for accessing certain data sets or tools. Users should also conduct their own research and due diligence before making any investment decisions, and not solely rely on the information provided by Wallmine or any other financial platform.

That said, Wallmine is a legit platform that provides users with a range of financial services. Its features make it an excellent choice for investors who want to stay informed about their investments, track their portfolios, and make informed decisions. Click here to get started today!

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Jeremy Biberdorf
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.

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