Scanz Review – Is Scanz Price It?

Scanz claims they’ve built the premiere stock discovery platform for traders. But with this newly evolved subscription stock scanning service’s commanding price premium, everyone has only one query:

Is Scanz price it?

It’s never been easier to turn into an investor. With all of the tools, trading platforms, apps, and investing sites, all you wish is an hour or two to establish an account and begin trading. Being a successful trader, nevertheless, takes as much or more effort because it all the time has. Hunches and hot suggestions aren’t enough to provide the sort of returns it’s good to go from dabbler to full-time day trader anymore; you wish some serious computational help.

You would like three things to be a successful trader: information, timing, and luck. There aren’t any tools or services that may increase your luck—apart from voodoo, after all—or guarantee timely trades, but information is one other story.

There are tons of services, web sites, and investing tools on the market that promise to maintain you up up to now on all of a very powerful data and news stories which may affect your portfolio. A few of these resources are free, browser or app-based services. Others are standalone programs that cost as much as the typical phone bill. All services and tools aren’t created equal, and determining which one is correct for you possibly can be a tough and potentially expensive process.

One in every of the higher-end stock scanners on the market involves us from Scanz, previously often called EquityFeed. Keep reading to search out out more about what Scanz does, how well it does it, and the way it stacks as much as the competition.

What’s Scanz?

Scanz bills itself as “the ‘multi functional’ market scanning platform made for day traders and swing traders.” Their standalone software platform combines customizable stock scanners—each “Pro” and “Easy”—a news scanner, a “Breakouts” feature that delivers real-time trading signals, advanced charting features, and access to real-time Level II data.

Features Summary:

  • Pro Scanner
  • Easy Scanner
  • News Scanner
  • Breakouts
  • Charting
  • Level II data

Before we get into the specifics, let’s take a have a look at Scanz’s pricing.

Scanz Pricing

Scanz offers a 7-day free trial to its service. After that, a membership to Scanz will run you $169/month. Memberships include full coverage of the Nasdaq, NYSE, and AMEX markets, real-time market data, the Pro, Easy, and News scanners, Level 2 quotes, (some) broker integration, ETFs, SPAC’s, Warrants, and Preferred shares, a pre and post-market scanner, and more features that aren’t listed on the page.

You aren’t alone if you happen to think $169/month is an aggressive price point. Reviews and user testimonies just about all list the value point because the important downside to Scanz, and there’s wide agreement that only high-rolling traders with big portfolios and a number of experience will get enough value out of it to legitimize the value.

But before you write Scanz off or give them your bank card information, let’s break down the features and services they provide.

Scanz Features and Services

Pro Scanner

Scanz lists the Pro Scanner at the highest of its Features page, and for good reason. The Pro Scanner, as its name suggests, helps you to scan several different stock markets to search out trading opportunities and track stock performance in real-time.

The Pro Scanner’s interface is simple, flexible, and designed with customization in mind. It’s surprisingly easy to establish scans, and its big selection of options helps you to filter for stocks by type, price, liquidity, fundamentals, and technical indicators like moving averages, MACD, and Bollinger bands. It’s a really self-directed experience, and can undoubtedly be more useful to veteran traders than newbies.

Real-Time Scanning

  • Scans markets from 4am to 8pm day by day
  • Scans markets individually or abruptly
  • Scans based on stock type, ETFs, foreign stocks, preferred shares, etc
  • Auto-sorting function for identifying stocks with high volatility, liquidity, etc


  • Price filters by over 50 variables including last price, bid, ask, net change, highs, and lows
  • Liquidity filters for scanning by volume, dollar volume, # of trades, and other variables
  • Technical filters for scanning based on a library of technical indicators
  • Fundamental filters for scanning based on financials, share structure, float, etc

Customizable Scans

  • Easy-to-use interface for organising easy or multi-rule scans
  • Unlimited saved scan profiles for quick access to previous scan profiles

Easy Scanner

The Easy Scanner is Scanz’s answer to people who find themselves intimidated by the sheer variety of options the Pro Scanner offers. As an alternative of meticulously organising scans with extremely specific criteria, the Easy Scanner helps you to start scanning for actionable insights inside a minute or two.

You obviously can’t get the identical sort of granularity with the Easy Scanner as you’ll with the Pro Scanner, nevertheless it still offers a powerful array of filters and features. You’ll be able to filter by market, stock type, sector, index, ETFs, and other criteria, plus get real-time data on all of your watched stocks in a single window.

Zero Effort Scanning

  • Only takes a minute or two to establish
  • Displays real-time data in a single window
  • Auto-sorting/rating feature helps you to scan for volatility, liquidity, momentum, and other aspects with just a pair clicks

Sector Scanner

  • Permits you to narrow down scan to certain sectors and industries

Short Squeeze Scanner

  • Gives you a listing of potential short squeeze candidates

Index Scanner

  • Focuses specifically on certain indexes


  • Filter by market, including by stock exchange and OTC penny stocks
  • Stock type filter helps you to narrow all the way down to ETFs, foreign stocks, bankrupt stocks, regular stocks, etc
  • ETF scanner for locating top performing ETFs in numerous sectors
  • Customizable filter for scanning by price, volume, market cap, float, etc

Custom Data Columns

  • Permits you to add custom data columns to your interface that display technicals, fundamentals, short interest, and other quantitative aspects


The Breakouts feature is the name Scanz gave to its built-in alert system. It’s a useful feature for day traders who need to give you the option to act on signals and thresholds in real time, nevertheless it takes an excellent deal of setup to get anything useful out of it. That said, it is a reasonably flexible system that provides a number of options for personalization.


  • Price alerts
  • Block trade alerts
  • Recent high/low alerts
  • Volume breakouts triggered when stocks experience above average volume
  • Watchlist alerts
  • Alert count tracking notifies you when a stock triggers multiple alerts


  • Specify by market
  • Specify by stock type

Fast Sorting

  • Permits you to sort alerts by time, quantity, etc

Custom Filters

  • Permits you to tailor alerts to your personal investing strategy

News Scanner

Scanz isn’t the one news aggregator on the market, neither is it the most effective. The News Scanner isn’t bad, nevertheless, and it’s definitely a pleasant bonus on top of the opposite features Scanz offers.

Real-Time News

  • Over 60 news providers
  • Over 50 financial sites/blogs

Real-Time SEC Filings

  • Picks up relevant SEC filings as soon as they’re filed

Customizable Interface

  • Sleek, easy-to-parse interface with options for changing all the pieces from form to operate

Custom Filters and Keywords

  • Keyword customization makes it easier to search out specific stories
  • Filters let you chop down news to stories involving penny stocks, certain indices, etc


The Montage feature is essentially a customizable window that helps you to squeeze as much pertinent information into one window as possible. As an alternative of flipping forwards and backwards between open charts, Level 2 data, news, and other information, Montage helps you to mix all of them into one window. It’s a useful feature, particularly for traders who like having the entire picture in front of them, nevertheless it’s nothing too exciting.

Modular Window

  • Permits you to have a look at multiple sources and sorts of data directly

Chart Drawing Tools

  • Permits you to have a look at live charts
  • Tools for drawing in annotations, trendlines, Fibonacci retracements, moving averages, RSI, and a ton of other indicators.

Integrated Trading

  • Permits you to connect with your brokerage (if you happen to use TD Ameritrade or Interactive Brokers) and make trades right from the Montage window

Multiple Tabs

Permits you to make and click on between multiple Montage windows

Level 2

Any old service can display live Level 1 data like bid, ask, and order size data. That’s enough for many investors. Scanz, nevertheless, goes one other level deeper. Its Level 2 feature gives you real-time access to the info behind the info, letting you track order books, monitor which orders are literally executed, and helps you to arrange alerts for when a market maker makes significant changes to their orders.

That is the sort of feature that may be either useless or invaluable, depending on the way you trade. Recent traders can have no idea what they’re . Veterans may give you the option to leverage the insights it provides to time their trades and recognize risks and opportunities before anyone else.

Order Book Summary

  • Designed to allow you to gauge order supply and demand at a look
  • Time and Sales Window
  • For tracking which orders are literally executed and when

Market Maker Activity Log

  • Scanz’ proprietary Level 2 service that alerts you to big changes within the Level 2 window


Scanz has rather a lot to supply traders who already know what they’re doing, so their free trial, why not try it?

It’s less of an enabler than an accentuator; you wouldn’t need to use it if you happen to’re just getting began as a trader or if you happen to’re more of a long-term and/or value investor, but for veterans and day traders, Scanz is completely price it.

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