Trade Ideas Review 2021: The Best Value Stock Screener?

Bob Haegele By: Bob Haegele

June 24, 2021

Trade Ideas Logo

4.5/5

4.5 rating based on 5 ratings

GET STARTED

In a nutshell: Trade Ideas is an advanced stock scanning tool offering in-depth analysis of the market. With a variety of advanced analytical tools, it combines tried-and-tested stock scanning methods with artificial intelligence to give you the best insights.

Our Trade Ideas review considers this one of the best stock screeners on the market today.

Service Type Fees Promotion
Charting & stock scanning $118/month - $228/month 15% off your first purchase (code MODEST15)

If in-depth stock analysis is your bread and butter, Trade Ideas is worth a look. It uses both traditional charting methods along with artificial intelligence.

Pros & Cons

PROS

  • Cutting edge analytical tools
  • Live chatroom to share ideas
  • Training videos and tutorials

CONS

  • High fees
  • Limited chart indicators

Compare to Similar Services

Trade Ideas Logo
4.5 rating based on 5 ratings
4.5/5
LEARN MORE

Service TypeCharting & stock scanning

Fees$118/month - $228/month

Promo15% off with code MODEST15

Benzinga Pro Logo
4.5 rating based on 5 ratings
4.5/5
LEARN MORE

Service TypeMarket news & stock screener

Fees$99 - $249/month

Promo14-day free trial

 TradingView Logo
4.5 rating based on 5 ratings
4.5/5
LEARN MORE

Service TypeFreemium charting

FeesFree or $9.95-$59.95/month

PromoNone

Full Trade Ideas Review

Trade Ideas offers pre-formatted built-in scans for uncovering profitable trading opportunities. This highly flexible platform enables you to configure and customize according to your needs. It also combines an artificial intelligence-powered robo-advisor engine named Holly Grail to analyze millions of potential scenarios.

Trade Ideas is best for:

  • Experienced traders
  • Trading automation
  • Artificial intelligence-powered trading

Do you want to take advantage of new opportunities as an day trader? While this platform is vast and may intimidate first-time users, we believe this is an essential tool for day traders.

Read on to learn more about what this tool can offer in our Trade Ideas review.

What is Trade Ideas?

Product Name Trade Ideas
Services Charting, stock scanning, and automated trading
Membership Fee $118/month – $228/month
Customer Service Email support
Promotions Use promo code MODEST15 for 15% off your first purchase

Trade Ideas offers a full suite of different scans and learning tools. Founded by Dan Mirkin, David Aferiat, and Philip Smolen, the platform has been operating since 2003. It’s steadily evolved to meet the changing needs of retail investors in a fast-moving market.

With advanced scanner functionality, a strong educational program and a moderated live chat room, Trade Ideas offers everything you need to make better intra-day trades.

Trade Ideas Features

Trade Ideas is such a vast platform that it would be impossible to discuss every feature in this review. Our review on Trade Ideas will focus on the core features we believe all investors need to know about.

Charts

Depending on your subscription, you can have either 10 or 20 simultaneous charts. Simply pull up your desired charts directly onto the platform. You can add price alerts directly onto the charts.

Although this isn’t a charting platform, it still offers a useful number of vital indicators to help inform your next trade.

Pre-Built Stock Scans

The Trade Ideas stock scanner is the heart of the platform. Featuring both customizable and pre-built scans, newbies can set just a few configurations and begin scanning immediately.

1-2-3 Patterns and Social Media Stream are just two of the scans that can be used as part of a plug-n-play stock scanner.

Once you become confident with the Trade Ideas stock scanner, you can begin customizing your scans for better results.

The Oddsmaker

Premium subscribers have access to the Oddsmaker Tool. This unbelievable tool enables you to back-test your strategies and have the probabilities quantified visually. Refine your methodologies by adjusting the parameters and see how it changes your results.

One impressive feature is the equity curve. The equity curve explains how profitable a potential trade could be. Alter your methodology to see how it transforms the equity curve.

The addition of visual charts can offer new insights and allow you to better bring your trading strategies to life.

Brokerage Plus

Trade Ideas Brokerage Plus takes trading one step further by enabling you to define your strategies and trade automatically.

How does Brokerage Plus work in practice?

Let’s take a for instance. A trader may create a custom scan for Amazon to break above its 52-week high. If it breaks above this high, Brokerage Plus can be connected to your usual broker to automatically place a trade for X number of shares if Amazon does eclipse its 52-week high.

Setting your trades to autopilot can take much of the grunt work out of placing profitable trades.

Although it should be used with caution, Brokerage Plus brings automation to the trading process.

Trade Ideas Chat Room

The Trade Ideas (TI) chat room is a free service for both registered and non-registered users. It’s open from 9 am to 3 pm EST on most weekdays. There are also post-market recaps posted after trading closes for the day.

Moderators share useful insights during the day, such as trades, set-ups, and patterns. On average, there are 400 active users in the room daily.

While it’s a useful resource, the fact non-registered users can enter the chat room muddies the waters. For this reason, it cannot compare to premium chat rooms offered by other platforms.

TI University

For Trade Ideas subscribers, TI University offers an ever-changing library of instructional videos. By using real-world archived events, tutorials offer explanations for why certain trades were made and why they were profitable.

TI University includes instructional videos for every ability level, so there’s something for everyone, regardless of where they are in their trading career.

Users can also schedule personalized one-to-one training sessions to take their trading to the next level. Currently, there are more than 8,000 users in 65 countries subscribed to TI University.

The full suite of TI University tutorials is open to all subscribers, which is an impressive bonus considering the depth of education on offer.

Trade Ideas Pricing

Reviews on Trade Ideas tend to be critical of the service’s high price point. We believe it’s worth every cent because of the sheer magnitude of the platform.

There are just two plans to choose from.

Standard ($118/month $1,068/year) – Standalone platform with 10 charts, 10 price alerts, and visual trade assistance.

Premium Plan ($228/month $2,268/year) – Includes access to 20 charts, 20 price alerts, AI robo-advisor Holly, and access to Brokerage Plus.

Trade Ideas FAQ

Want to know more about Trade Ideas? Here are the answers to the most common questions people have.

What Type of Trader Should Use Trade Ideas?

It’s best used by day traders because of the real-time data. Swing traders may also get some usage out of Trade Ideas.

How Do I Learn How to Use Trade Ideas?

It can seem overwhelming when creating an account for the first time. Trade Ideas University offers guidance on how to use each tool and how the platform fits into creating and executing a profitable trading strategy.

What Platforms are Supported by Trade Ideas?

Trade Ideas can be used on Windows desktop computers. There is also a web platform, but this is slower and clunkier.

Is Trade Ideas Right for You?

Reviews on Trade Ideas claim this is the most advanced stock scanning platform on the market today. We have to agree. For active day traders, there’s no better alternative.

However, newbies may find it difficult to get used to all the different tools. We recommend subscribing only if you’re willing to learn the platform and study the features before jumping into live trading.

Overall, we believe Trade Ideas is one of the most effective day trading tools in the business.

Check out Trade Ideas to take your day trading to the next level. Remember to use promo code MODEST15 for 15% off your first purchase!

Related Investing Product Reviews:

Bob Haegele

About the Author:

Bob Haegele is a personal finance writer, entrepreneur, and dog walker. Bob has been writing about personal finance for three years and now manages several personal finance sites, including The Frugal Fellow, Modest Money, and Blooming Wealth. You can also find him contributing to popular websites such as Yahoo! Finance, MSN Money, and GOBankingRates. You can see more of his work on Muck Rack and Contently, or connect with him on LinkedIn.