There are tons and tons of services on the market that promise one of the best research, one of the best advice, one of the best proprietary algorithms and advice, and one of the best investment tools that may do every thing but tuck you into bed at night.
A few of them are affordable, but numerous these services appear to think that it’s okay to charge a mortgage payment’s value of subscription fees.
The common independent trader doesn’t need, want, or have the spare money to subscribe to greater than considered one of these services, so it’s vital to do your due diligence before you enter any bank card details.
You’ve read the title already, so you recognize we’re here to speak about Benzinga Pro.
What does it offer? What does it do best? Is it higher for some investors than others? And, most significantly:
Is Benzinga Pro value it?
Let’s dive into our Benzinga Pro review to seek out out.
What’s Benzinga?
The Detroit-based Benzinga.com was launched in 2010 by a person named Jason Raznick with the goal of empowering a brand new generation of investors and helping people construct wealth.
The positioning has financial news, tickers, statistics, and a large knowledge base on personal finance and investing/trading nearly every security under the sun.
Raznick intended the location to be a comprehensive resource for individual investors by offering the knowledge they should make informed decisions, reasonably than providing direct financial advice.
The positioning has expanded over time to encompass additional asset classes in addition to becoming a source for original financial journalism, in addition to offering quite a few paid services including stock picks, trade alerts, and academic programs. (Read our review of Benzinga as a complete here.)
Oh, and Benzinga Pro. They’ve that now, too.
What’s Benzinga Pro?
Benzinga Pro is an offshoot of Benzinga that was originally meant to be a elaborate news feed.
Over time, nonetheless, the browser-based service has added services like an event calendar, stock scanning and screening, watchlists, detailed evaluation, custom alerts, real-time day by day gainer and loser tracking, signal tracking, live training, and the power to get your personal trading mentor.
In other words, it does rather a lot.
You possibly can access Benzinga Pro from any browser on desktop or on mobile.
You can even download the Benzinga Pro app if that’s more your speed.
You possibly can check out Benzinga Pro without spending a dime, though you’ll need to shell out a subscription fee if you need to keep using it after the trial lapses.
How much is the subscription, you ask?
Great query.
Can You Put a Price on Useful Information? (Yes)
There are 4 different membership tiers of Benzinga Pro: Free, Basic, Essential, and Options Mentorship.
Free Tier
Features:
- Nasdaq Basic 15-minute delayed news quotes
- Bazinga BZ Wire newsfeed – search, no filters
- Current session’s movers
- Details tool with key stock stats
Benzinga Pro’s free tier is surprisingly robust considering its price.
You get charts, you get free key stock stats, you get a functional if stripped-down newsfeed, and also you even get a watchlist for maintaining a tally of securities you’re curious about.
Basic Tier
The Benzinga Pro Basic tier includes all of the Basic features along with:
- Full newsfeed (but no advanced filtering)
- Access to Benzinga Premium offers on Benzinga.com
That is form of a weird tier.
On the one hand, it’s rather a lot cheaper than the Essential and Options Mentorship tiers, but however you might not think it offers enough value to justify the $27 subscription.
The total newsfeed is great, as is the access to the Benzinga Premium articles.
You’re principally getting a subscription to a fantastic digital newspaper.
That’s definitely value something, at the least.
The remainder of the stuff will not be quite as invaluable to you unless you actually need to speak with other Benzinga Pro users, get automatic alerts out of your watchlist, or discover what the largest movers were in prior trading sessions.
Essential Tier
- $1,404 Annually ($117/Month Paid Annually)
The Essential Tier includes all of the features from the 2 cheaper tiers in addition to:
- Nasdaq Basic real-time quotes
- Advanced newsfeed (filter by price, volume, float, and other technical indicators)
- Audio squawk for equities and options
- Unusual options activity (additional $27.97 monthly)
- Options trading newsletter starting on third month
- Enhanced options trading newsletter starting on sixth month
This is outwardly the most well-liked tier, and it isn’t hard to see why.
The Essentials tier includes all types of vital features you can’t get within the Free or Basic tiers, plus a bunch of features which may be greater than definitely worth the price of admission.
Real-time Nasdaq quotes combined with the charting tool and key stock stats provides you with the ability to look at stocks and make decisions with lightning speed (great for you day traders on the market), and that’s barely scratching the surface.
Benzinga’s newsfeed has at all times been one if its biggest selling points, and the version you get with the Essential tier has all the knowledge and the advanced filtering features you should chase down your hunches and get pertinent information as soon because it’s available.
The calendar is a calendar.
The signals, real-time scanning, and audio squawk features will allow you to stay clued in and on top of the market whilst you scour the information to seek out investing opportunities—again, great for day traders.
The bizarre options activity feature comes with an additional premium, but anyone who knows find out how to reap the benefits of the feature will certainly get their money’s value.
Tack on the extra options trading newsletters that come after your third and sixth month of subscribing and also you’ve got yourself a recipe for achievement.
Options Mentorship
- $3,372 Annually ($281/Month Paid Annually)
The Options Mentorship tier includes every thing from the opposite tiers in addition to:
- Trading mentorship and education from Nic Chahine, leading trader
- Access to options inner circle chat room
- Regular market overview to match Nic’s winning trading strategy
The Options Mentorship tier shouldn’t be messing around.
This tier is designed for individual investors who’ve reached the limit of what they’ll teach themselves and need to really immerse themselves within the art of trading.
This tier gives you exclusive live training from an experienced trader (hence the worth. Guy’s gotta eat).
For those who listen and take good notes you might even end up making a hell of rather a lot greater than $347 monthly after Nic’s through with you.
The choices inner circle chat room could possibly be cool, however it’s hard to say without joining and saying what’s up.
Presumably you and the opposite people within the chat room will give you the option to speak about all the bizarre options activity that’s happening, in order that is perhaps neat.
Well? Is it Price It? Benzinga Pro, I Mean
Let’s do that so as, lets?
- Free: Price it. Duh. It’s free.
- Basic: Possibly. You get some good things, true, however it’s 100% as much as you whether it’s definitely worth the price.
- Essential: Price it. This tier is popular for a reason. It’s greater than definitely worth the price of admission, especially in the event you’re into options trading.
- Options Mentorship: Probably value it. In theory, the recommendation and education you get from the mentorship and the regular market overview could possibly be value their weight in gold, but again, it’s hard to say from the skin.
Conclusion/Advice
Benzinga Pro has rather a lot to supply, and hopefully reading this Benzinga Pro review has helped illuminate a few of the invaluable features the platform provides.
Every considered one of the subscription tiers brings its own form of value to the table, and also you’ll probably be completely satisfied with any of them.
That said:
We recommend you begin with the Free tier to get a way of what the platform is like.
For those who don’t prefer it you possibly can move on without spending a dime.
For those who like what you see (and in the event you can finagle your method to a free trial of the upper tiers) it’s best to go ahead and leapfrog over the Basic tier and right to Essential.
You’ll spend greater than you’d in the event you stuck to Basic, true, however it’ll be value it.
Then, when you’re ready, make the switch to the Options Mentorship tier.
And in the event you do find yourself on the Options Mentorship tier, do us a favor and tell Nic we are saying hi.