Is Benzinga Pro changing financial news? Exclusive news, sentiment, audio squawk box & chat to newsdesk are great features, but I deep dive to discover the real power of Benzinga. I have been using Benzinga Pro for over five years, so get ready for an extremely in-depth evaluation of the service.
Benzinga Pro Review Summary
Benzinga Pro is best for traders who want a cost-effective actionable real-time news feed, charts, financials, screening, and a powerful calendar suite to get a trading edge. Benzinga Pro is designed for day traders and is 1/10th of the cost of a Bloomberg Terminal.
I recommended Benzinga for active day traders and investors who want to trade news events with exclusive features like news sentiment indicators, newsdesk access, and market-moving news alerts.
Benzinga Pro Test Results & Ratings
|💸 Pricing & Software||★★★★★|
|🚦 News Alerts||★★★★★|
|📰 News & Social||★★★★★|
Benzinga Pro Review Key Features
|⚡ Features||Real-time News, Calendar, Charts|
|🏆 Unique Features||Squawk, News Sentiments, News Rating|
|🎯 Best for||Stock, Fx & Crypto Traders|
|♲ Subscription||Monthly, Yearly|
|💻 OS||PC, Mac, Web|
|🎮 Trial||14 Day|
|✂ Discount Code||-25% Code “SMARTER”|
|🌎 Region||North America|
- The Fastest Real-time News Feed
- Live Audia Squawk Box
- Trade & Options Alerts Configurable
- Analyst Rating Calendar
- Price Change Since News
- Sentiment Indicators
- News Rated for Impact
- 1/10 Price of Bloomberg
- No Broker Integration for Live Trading
- Primarily North America Focus
- Lacks Powerful Technical Analysis
We all see the news on TV and the web, but how much of it can you use to help you make trading profits? Benzinga specializes in its dedication to real-time actionable news for traders and investors. I have been actively using Benzinga as an investor for many years, so I hope my review is useful.
Benzinga Pro Review Video
What is Benzinga Pro?
Benzinga Pro is a real-time news service designed for day traders and is a fraction of the cost of a Bloomberg Terminal. Benzinga delivers value with fast real-time market-moving news to give you a trading edge. Additionally, a squawk box, direct access to the news desk, and original reporting give you a significant advantage.
Is Benzinga Credible?
Yes. Benzinga is a credible news source established in 2010 by Jason Raznik. Benzinga is a major newswire employing many reporters and operating a live newsdesk. Benzinga provides data to brokerages and other news outlets such as TradeStation, TD Ameritrade, MarketWatch, Bloomberg, Thomson Reuters, and many more.
The Best Day Trading News Feed
Benzinga produces a lot of original news reporting themselves, but they also partner with some of the best trading news feeds to provide complete data coverage to their customers. Current tier one partners are FXStreet, Dxfeed, New York Times, Seeking Alpha, Morningstar, Enin, and StockSnips.
Benzinga Pro’s key competitors are MetaStock Refinitiv, Reuters Eikon, and Bloomberg. While Benzinga delivers a newsfeed as fast as its rivals, it beats its competitors on price. Benzinga Pro costs $117 per month compared to MetaStock Refinitiv at $250 per month or Bloomberg at $2,000 per month.
Benzinga Pro vs. Refinitiv vs. Bloomberg vs. Eikon
While Benzinga Pro beats the competition on price, it focuses specifically on actionable US news for traders. While Refinitiv, Eikon, and Bloomberg provide a global financial newsfeed. Additionally, Bloomberg requires a dedicated hardware terminal.
|News Service||Benzinga||MetaStock||Refinitiv Eikon||Bloomberg|
|Powerful Chart Analysis||✘||✔||✔||✔|
|Visit News Service|
Table 1: Benzinga vs. Bloomberg vs. MetaStock Price Comparison *North America Data **Global Data § MetaStock + Xenith Add-on.
As you can see, in terms of pricing for real-time news Benzinga Pro is half the price of its nearest competitor MetaStock Xenith. However, MetaStock does come with compelling stock chart analysis, backtesting, and forecasting.
Benzinga Pro Cost
Benzinga PRO costs $79 per month for the Basic plan, which gives you real-time newsfeeds and watchlist alerts. Benzinga Pro Essential costs $117 per month, adding the Squawk Box, Calendars, Sentiment Indicators, and the Chat with Newsdesk functionality.
|Real-time Newsfeed||Real-time Quotes||Trading mentorship|
|SEC Filings||Audio Squawk||Options inner Circles Chat|
|Watchlist & News Alerts||Newsdesk Chat||Nic Chahine’s Reports|
|Calendar Suite||Sentiment Indicators|
*Cost per month on yearly subscription
Benzinga Pro Discount Code
Our partnership with Benzina means you can get 25% off the Benzinga Pro subscription plan; the discount will apply as long as the subscription is active and applies to the Benzinga Options Mentorship addon.
25% Discount Code
Benzinga Free Plan
Benzinga is one of the major news providers you have probably never heard of. They offer a vast amount of free news and thought-provoking original articles aimed at traders and investors for free on their website.
Benzinga Pro will be an important tool if you are a serious trader or investor utilizing news to inform your decision-making. If you are trading short-term options at quarterly earnings announcements, or you have a significant stake in a company and need to be the first to know if the stock might tank due to a failed FDA approval, then you will want to upgrade to the Benzinga PRO Service.
Benzinga Pro Basic Features
Benzinga Pro Basic costs $79,-/m paid annually or $99,-/m on a monthly subscription. For this investment, you get real-time news, trade alerts, watchlist alerts, market-moving news, SEC filings, and the calendar suite of tools.
I will run through all the features available in the basic package and show how they can help your trading.
Real-Time News BZWire Access
Core to the Benzinga Pro service is access to the real-time newsfeed, which updates quickly and effectively. BZWire includes all Securities & Exchange Commission (SEC) news and real-time PR newsfeeds. These can be incredibly important because SEC/FDA announcements can seriously move stocks.
Also, important company PR announcements are precisely timed to coincide or counteract the news, so receiving these as quickly as possible is a serious bonus.
Do not underestimate the newsfeed; it is truly enormous, and despite the depth of financial content being released every minute, the Benzinga PRO web-based applications are high-speed, responsive, and configurable. The configurable nature of the newsfeed is what makes the service so good.
I personally only want to see Market Moving Exclusives, Exclusives, Hot News, Market Updates & Tech, and they are readily selectable. There are 20 categories to choose from, and each type of news can be color-coded to match your requirements.
Benzinga Newswire Categories
- Analyst Ratings
- Earnings & Guidance
- Insider Trades
- M&A – Mergers & Acquisitions
- Market Moving Exclusives
- Market Updates
- Short Sellers
- Stock Splits
- Trading Ideas
You can also select to get the news delivered from Benzinga partners; this includes many different news corporations and online outlets such as the New York Times and even seeking Alpha.
Benzinga Pro newsfeed alerts allow you to set specific alarms on stock market sectors or categories. You can select to be alerted via email, desktop pop-up, or a sound if any hot news or market-moving news is announced.
Alerts are hugely beneficial for the trader, so you do not need to watch the newsfeed continually; you can be trading and hear the alarm as a call to action.
WatchList Trade Alerts
Benzinga Pro lets you set up as many watchlists as you wish, and you can receive alerts on specifically those stocks in the watchlist, for example, those stocks that really matter to you. You can get real-time alerts and summary emails for your watchlist.
Benzinga Calendar Suite
Below we see the Benzinga Calendar. You can instantly see what macroeconomic news is upcoming, but what you also see in the “importance” column on the right is the potential impact of the news as rated by the market analysts at Benzinga.
As you open the filter on the right, you can filter on anything from country, time, and especially the importance of the news. The granular level of filtering enables you to extract all of the value out of the news by only seeing the potential market-moving news.
This creates excellent value for the trader.
Price Change Since Published
Benzinga prides itself on releasing news in time for you to react to a market move and profit. And to prove this exact point, they have added a feature called Change Since Publish, a straightforward upgrade to the existing newsfeed that demonstrates their continual innovation.
If you hover your mouse over any stock ticker in the advanced newsfeed, you will see a mini-chart appear. This enables you to see if the news positively or negatively impacted the stock price. A very nice feature that I am sure will be further developed in the future.
In the example above, you can see an announcement that Cronos Group will receive a strategic investment from Altria; the stock moved 21% over the next two trading days.
Here is another example of how real-time news can impact the market. In the example below, President Trump announced that the Farm Bill is in “good shape.” Benzinga has categorized all potential companies that would benefit from a positive farm bill and grouped them into a “Change Since Published” report. Inside the chart, you will see a vertical line or a Change Since Publish label; this vertical line is the exact time the news broke on the Benzinga newswire.
As you can see from the six stocks that Benzinga analysts targeted, four stocks are gaining since the news was released; that is what’s called an edge in the market.
Unique to Benzinga is the Security Snapshot View, essentially a summary of all the critical News, Fundamentals, and Charts. Snapshots are designed to give you a clean, quick view of the whole picture for a given stock, including all the core financial documents like balance sheets and income statement information.
So we can see the basic package already unlocks a lot of value, the real-time streaming newsfeed, and the sources of news exclusively from Benzinga and tier 1 partners. The real power is filtering the noise and focusing on the crucial market-moving news, plus getting alerted when the news breaks. You get all this in the basic package.
In Summary, the Benzinga Basic Package is exceptionally cost-effective. It gives you access to real-time news at a fraction of the cost of other news providers like Bloomberg and Reuters, giving you a professional edge without the expense.
Benzinga Pro Essential costs $117,-/m paid annually, or $147,-/month paid monthly, and provides real-time quotes, audio squawk box announcements, chat to the newsdesk, plus the excellent and unique news sentiment indicators.
Benzinga Analyst Rating Calendar
The guidance section of the Benzinga Pro calendar suite is designed to provide real-time alerts on analyst upgrades and downgrades. Traders pay serious money for this kind of data because Wall Street analyst guidance changes move stocks and impact markets.
Imagine having these analyst ratings streamed in real-time to your desktop. In the image below, you can see I have a column highlighting the company symbol, the analysts covering the stock, the analyst name, and the action. In this instance, you see there is a downgrade for VNDA.
I dropped down the calendar selection box (on the right) to show you the different types you can choose from. The calendars cover everything, including upcoming conference calls, dividends, earnings, economics, earnings guidance, IPO’s, retail sales, SEC filings, secondary offerings, and split announcements.
Benzinga Pro Squawk Box
Benzinga’s Squawk Box frees you from staring at the on-screen newsfeed by having the newsroom reporters read the latest high-impact news live as it hits the feed. Squawk is one of the biggest benefits of the Benzinga Pro Essentials service.
This is impressive; I have it open while watching the markets, so I do not need to watch the screen constantly. Every 2 minutes, a real-time audio feed announces the latest hot news via my PC speakers; this service alone is worth the upgrade to Benzinga PRO Essential.
As I was writing this, an announcement came through that Novartis got FDA approval for a new drug. I just checked online; this is not on the web yet, nor announced on Bloomberg TV. Now that is an advantage worth buying.
News sentiment indicators are an innovative feature that allows you to see the sentiment of the analyst who submits the news item; you see this in the color of the ticker symbol; red is bearish, green is bullish; this is unique and a great asset.
Chat with News-Desk
Imagine chatting directly with the analyst or reporter that submitted an article. This feature allows you to do just that by directly questioning the Benzinga news desk to dive deep into your specific questions straight from the news hub. The news team also highlights what they believe to be important news via the sentiment indicators (only for Benzinga Pro Essential users).
Another example of how Benzinga is continually innovating; the Signals setup creates a feed with block trade or price spike news that directly impacts a stock’s supply and demand balance at a foundational level.
Let’s take a look at a block trade. A block trade is a massive amount of stock either bought or sold. Block trades impact price, and you have the option of taking part in that price move or not, depending on the direction of the trade.
Block trades are specific, powerful trading strategies. Watch the block trades roll in, observe the direction, and make your trade. See a colossal block trade sell, buy Put Options, see a block trade buy, buy calls.
Exclusive CEO comments
Benzinga Analysts have frequent exclusive interviews with CEOs, and they publish exclusively critical comments that may provide key insights into a stock you own.
In-Person Event Coverage
When Benzinga has a reporter at a live earnings announcement event, you can hear directly from them. If you trade earnings, this is your ticket to sitting at the event itself, getting analyst feedback as it happens; you do not need to wait for the earnings transcript.
Benzinga Options Alerts & Calendar
Benzinga offers Stock Options Alerts that send alarms when anomalies or opportunities arise in options pricing; this is designed to give options traders an edge by highlighting potentially exploitable situations. Options activity is a specific upgrade for all Essential service pricing.
Benzinga PRO Essentials Summary
As you can see, the Essential service brings together a host of additional services that will be very valuable to those institutional investors wanting to take advantage of SEC filings or those watching so many stocks they need squawk box functionality.
Benzinga Pro Stock Charts
Benzinga Pro has dramatically improved its technical analysis charting over the past few years by integrating a cut-down version of TradingView (our trading software review winner). The TradingView integration offers 120 indicators, real-time stocks charts, and seven chart types, including bars, candles, Heiken Ashi, Line, Area, and Baseline charts. You can now draw on charts and perform solid technical analysis.
How I Configure the Benzinga PRO Real-Time Newsfeed
I have been using Benzinga PRO for five years now; the news platform is exceptionally configurable and can run in multiple windows on multiple monitors. In the screenshot below, you can see how I have my Benzinga Pro interface configured.
- My Current Trades in the watchlist (middle white box)
- Important news Only – I have configured the top right columns in red to show me the important potentially market-moving news, which is a great feature.
- Instant Company Details Drill Down – Bottom Right for Financial News, Calendar & Charts
- Quick Access to Powerful Features – Stock Screener, Custom Alerts, Squawk Box, and Chat (Left-hand side)
Benzinga Pro is extremely powerful yet easy to use, which is often a delicate balance to strike, and to top it all off, they have also now added real-time price quotes to the service, so you can see when news breaks what the impact is on the stock price.
Is Benzinga Pro Worth It?
Yes, Benzinga Pro is worth buying if you are day trading real-time news events because fast access to market-moving news gives you an edge in your trading. Audio squawk box, news sentiment indicators, and real-time alerts are powerful features enabling you to act quickly to improve trading profits.
The audio news squawk feed, sentiment, and chat with news-desk features are potent upgrades in the Essentials Package. The powerful calendar suit and Benzinga Signals are massive selling points to the service.
Tips for Traders With A Small Portfolio.
If you have only $5,000 or $10,000 to trade or invest, it does not make sense to go for the Essentials Package for $117– per month; this would eat up too much of your investment, so choose the Benzinga Pro Basic Package.
Tips for Traders With Larger Positions
Suppose you have a more substantial portfolio with significant individual short-term trades in specific stocks. In that case, you will want to know the news and sentiment before anyone else and have ringside seats to the corporate earnings announcements and rumors. In this case, you will want to go for the Essentials Package.
If you are serious about trading in the stock market and need real-time access to the news that moves markets, then Benzinga Pro is a realistically priced and extremely fast news service that is designed by traders for traders.
In this fast-moving world, this is an effective tool.
So, Benzinga may be a strange name for a business, but they are deadly serious about providing the best, fastest, and most cost-effective real-time news service to give you an edge in the market.
Benzinga Pro Review
Benzinga Newsfeed - BZWire
Benzinga Ratings Calendar - Analyst Upgrades/Downgrades
Exclusive Commentary & Analysis
Squawk Box Live feed
Real-time Alerts & Signals
Ease of Use & Configurability
User Review( votes)
I would love to hear your feedback on using Benzinga, so please post your comments below.
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