eSignal is recommended for those who want charts, scanning, broker & chart trading integration wrapped in an easy-to-use yet powerful interface. eSignal is, however, quite expensive and lacks real-time news.
eSignal Review Rating
| Trade Ideas Rating | 3.5/5.0 |
| 💸 Pricing & Software | ★★★★✩ |
| 📡 Scanning | ★★★★✩ |
| 📰 News & Social | ★★✩✩✩ |
| 📈 Charts & Analysis | ★★★✩✩ |
| 🔍 Backtesting | ★★★★✩ |
| 🖱 Usability | ★★★★✩ |
eSignal Review Summary
This eSignal review shows that it excels at stock market scanning and provides technical analysis charting and stock screening. eSignal offers the analysis of Stocks, Futures, Forex, and Options. The entry-level service is higher than competitors, starting at $61/m to $416/m for the elite plan.
eSignal Review: Key Features
| ⚡ Features | Charts, Scanning, Watchlists |
| 🏆 Unique Features | Broker Integration |
| 🎯 Best for | US Day Traders |
| ♲ Subscription | Monthly, Yearly |
| 💰 Price | $61-$416/mo |
| 💻 OS | PC, IOS |
| ✂ Discount | None |
| 🌎 Region | USA |
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Pros
- Good quality charts
- Good selection of indicator
- Stocks, Forex, Futures & Options
- Good Market Depth Scanning
- Backtesting Possible
- Excellent Trade Execution
Cons
- Expensive for the Full Scanning Package
- No Real-time News Included (extra cost)
Pricing & Software
eSignal offers a well-developed quality product that looks great and has beautiful charts. It will run on your PC, Mac, Tablet, or Smartphone.
Not only that, but they also have global data coverage for all stock exchanges, breakneck data speeds, and cover all markets, from equities and ETFs to Futures and Forex. Unfortunately, there are extra exchange fees for the data.
eSignal Pricing Comparison
| Classic | Signature | Elite |
| $61/mo | $204/mo | $416/mo |
| Delayed Data | Real-time Data | News & Commentary |
| Screener | Options Data | Advanced Volume Analysis |
| Stock, Futures, Forex | Backtesting |
Trade Management
Sporting broker integration with TD Ameritrade, Interactive Brokers, and ten other brokers, eSignal has one of the best integrations of any software vendor.
You can place trades from charts, and the live profit and loss (P&L) analysis is well-developed—another top score for eSignal.
Scanning & Screening
eSignal allows you to set up real-time scanning and screening of the markets with live updating watch lists. You can backtest screens using historical data. The advanced filtering allows you to scan for stocks, futures, and forex markets using more than 150 criteria—including volume, price, and fundamental analysis.
Forex trading is supported by eSignal’s Classic package, with real-time data available only through the Signature & Elite packages. All packages include delayed data but only
eSignal could offer more by scanning for fundamentals; however, you can list a huge array of fundamentals in your watch list columns.
News & Social
Newsfeeds and, more importantly, real-time news feeds are important to traders; eSignal offers a solid news stream that should not let you down. A lack of trader and community chat or market commentary means eSignal does not score well for this section.
Technical Analysis
For the hardcore technical analyst, eSignal might not offer enough indicators for your liking, but how many is enough? eSignal has 22 indicators called “Studies,” which work quite effectively.
However, full real-time alerting is integrated into the drawing tools and the indicators, meaning you do not need to miss the action even if you are not looking at the chart.
Stock Systems & Backtesting Score
eSignal has developed a good ecosystem of stock market system developers who can sell you their systems or develop yours for you. You will need to pay extra for the services because there is no point-and-click system development or backtesting.
Ease of Use Score
eSignal is easy to install and set up, and the interface is intuitive and very reactive to market conditions.
Is eSignal Worth the High Price?
After my testing, I think that eSignal is not worth the high price point for the Elite service. While eSignal is a solid product offering, it is somewhat limited in scope, and one expects more for the premium price point.
eSignal Alternatives
If you want software that can scan the global stock markets in real time, I strongly recommend TradingView. If you are looking for the best technical analysis software with backtesting, real-time news, and forecasting, I suggest MetaStock + Refinitiv. Alternatively, if you are looking for the best real-time news service, you should investigate Benzinga Pro.
If you want a great mix of screening, charting, and a strong social trading community, then TradingView is something you should check out.
- Best Stock Trading Platform Overall: TradingView
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- Best AI Stock Prediction Software & Automated Stock Trading: Trade Ideas
- Best Trading Platform Community: TradingView
- Best Stock Chart Analysis Software: MetaStock
Top 10 Best Stock Trading Analysis Software & Apps For 2022
eSignal
eSignal is recommended for those who want charts, scanning, broker & chart trading integration wrapped in an easy-to-use yet powerful interface. eSignal is, however, quite expensive and lacks real-time news.
Product SKU: NA
Product Brand: eSignal
Product Currency: USD
Product Price: 58
Price Valid Until: 2025-02-10
Product In-Stock: InStock
3.5
