Scanz Review 2022. Is Scanz Worth the Money? We Test It

Scanz for Day Traders. Slick Workflow, Real-time Charts, News & Level II Dollar Volume Data. But Is It Worth The Steep Price in 2022?

With their slogan “Find It, Trade It, Profit,” Scanz is considered a reliable tool for Day Traders. However, with the advent of TradingView, the largest trading community platform Scanz has fierce competition.

Scanz Review Test Results & Ratings

Scanz Rating 3.5/5.0
💸 Pricing & Software ★★★✩✩
🚦 Trading ★★★★✩
📡 Screening ★★★★✩
📰 News & Social ★★★★✩
📈 Charts & Analysis ★★★✩✩
🔍 Backtesting ★★✩✩✩
🖱 Usability ★★★★✩

We recommended Scanz for day traders, who want a super simple and slick workflow, real-time streaming charts, news, unique level II data, dollar volume information, and broker integration.

Scanz Review: Key Features

⚡ Features Charts, Real-time News, Screening
🏆 Unique Features LII Data, Dollar Volume, Broker Integration
🎯 Best for Stock Traders
♲ Subscription Monthly, Yearly
💰 Price $79-$149/mo
💻 OS PC
🎮 Trial Free 30-Day
🌎 Region USA

Visit Scanz

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Scanz Review Quick Summary

This Scanz review reveals it is unique, offering Level I/II streaming price, volume, and dollar volume data. Real-time news scanning, including SEC filings, enables you to effectively review and trade news events. While Scanz is a solid product offering, it is somewhat limited in its scope, and for the premium price point, one might expect more.

What is Scanz?

Scanz is a real-time newsfeed and stock screening application designed for day traders. Scanz is able to scan and screen the entire U.S. stock market in real-time to enable traders to find short-term technical trading situations.

Scanz Pros

  • In-Built Technical Stock Scanning
  • Good Broker Integration For Trading
  • Well Organized Real-time News Engine
  • Very Easy To Use + LII Data
  • Dollar Volume Live Streaming
  • Very Good News Streaming

Scanz Cons

  • A Little Pricey
  • No Social Community

Scanz Pricing & Software

Scanz specializes in providing real-time data and news fast directly to your screen. Scanz has a high price point of $149/mo for the full news and scanning package, but you get a lot for your money, as we will explore later in this review.

Data speeds are excellent, and it has excellent US data coverage, including extensive Over The Counter markets (OTC: BB, OTCQX, OTCQB, OTCPINK, GREY)

Scanz Trading

Scanz has introduced the “Chart Montage” functionality, enabling an ultrapowerful way of trading off the charts. This single window contains a wealth of critical trading information, including real-time streaming news, level 2 data, including time and sales. Also, Scanz is the only software to offer Dollar Volume data.

The Scanz Team has integrations with your broker to enable trading directly from the charts, saving you time while trading. Broker integration is enabled for TD Ameritrade, Interactive Brokers, two of the brokerage world’s powerhouses, and more are planned.

Scanz Scanning & Screening

Scanz contains many technical and fundamental filters to screen on. But what is the key for days traders? With the ability to scan entire markets for liquidity and volume patterns to find volatility, you can trade for a profit. This functionality makes the Scanz unique offering.

Scanz Fundamental Scanner in Action
Scanz Fundamental Scanner in Action

Scanz News

This year, a top place and worth mentioning is the deal news section in Scanz. I like the simple implementation; you can get the low down on contracts and deals struck between companies. This can give you an edge if you can quantify the deal’s impact on the company’s bottom line.

Scanz also focuses on the news, but it is let down by having no social integration.

Scanz Streaming News
Scanz Streaming News Scanning

Scanz Charting

In third place in this round, Scanz does not offer as many chart patterns or chart indicators as its competitors, but it does not have to. Most people will only use 5% of the indicators available, and fortunately, Scanz covers all the important ones. The power here is in the technical analysis screening, which is fast, seamless, and flexible.

Scanz Backtesting

Scanz is not designed for backtesting, which is a shame, especially at this price point. But it is designed to help you streamline your day trading system. Plenty of off-the-shelf technical and liquidity scans greet you on opening the program. The great thing is they all operate in real-time, so they continue to update.

Scanz Ease of Use

In the development process, Scanz has opted to keep everything on the surface super simple and intuitive to use. However, don’t be fooled by the power underlying the streamlined interface, which in a few clicks, you will be viewing Level II liquidity data and buying directly from the charts.

I have been extremely impressed with the progress Scanz is making in its product and carving out its day trader niche.

With great ease of use, an excellent way of managing real-time news, and extremely powerful scanning, Scanz is highly recommended. Add to this the broker integration options with Interactive Brokers and TD Ameritrade, and you have a robust package.

Scanz Review Summary

Scanz is unique because it offers Level I/II streaming price, volume, and dollar volume data. Also, it offers fast news scanning, including SEC filings, which is excellent.

Is Scanz Worth It?

Scanz is worth it for day traders using news events, LII data, and dollar volume surge to trade. While Scanz is solid, reliable stock market software, it is somewhat limited in its scope, and for the premium price point, one might expect more.

If you are looking for software that can scan the entire US and Canadian stock markets in real-time, I strongly recommend TC2000, our review-winning software.

If you are looking for the best technical analysis software with award-winning backtesting, real-time news, and forecasting, I suggest MetaStock + Refinitiv. Read the Metastock Review Here.

Alternatively, if you are looking for the best real-time news service, you should investigate Benzinga Pro.

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Finally, if you what a great mix of screening, charting, and a strong social trading community, then TradingView is something you should check out.

Scanz Features Visit Scanz
Pricing & Software $79-$149/mo
Customer Service & Education Email Only
Market Data Coverage USA inc OTC
Data Speed Excellent
Stocks
ETF
Mutual Funds X
Options X
Futures X
Forex X
Bonds
Trade Management
Broker Integration Stocks
Broker Integration Options
Place Trades from Charts
Live Position P&L
P&L Analysis
Fundamental Scanning & Screening
Real-Time Scanning & Filtering
Fundamentals Scanning
Watch Lists with Fundamentals
Extended Economics Fundamentals (New) X
Technical Analysis & Charts
Multiple Charts Per Desktop
Bar Line HLC Candlestick
Point & Figure X
Equivolume X
Indicators
Bollinger Bands
Directional Movement X
Ichimoku Cloud X
MACD
Momentum
Money Flow X
Moving Averages
Parabolic SAR X
Rate of Change X
Relative Strength / RSI
Stochastics
Volume at Price X
Custom Indicator Development X
Volume
Darvas Box X
Elliot Wave X
Total Number of Indicators 11
Drawing Tools
Fibonacci Retracement
Fibonacci Time X
Fibonacci Fan X
Trend Lines
Text Overlay X
Automated Alerts
News & Social
News Feed
Real-Time News Feed
Economics & Deal News Deal News
Market Commentary
Community Chat X
Systems & Back-testing
System Marketplace X
Create Customizable Systems
Backtesting Point & Click X
Backtesting Programmatic X
Forecasting X
Robotic Trading X
Setup & Usability
SW Setup Score 5
Ease of Use Score 5

Do you use Scanz? Please share your experiences and favorite features with us in the comments below.

Scanz
Scanz Review 2022. Is Scanz Worth the Money? We Test It - 1

This Scanz review reveals it is unique, offering Level I/II streaming price, volume, and dollar volume data. Real-time news scanning, including SEC filings, enables you to effectively review and trade news events. While Scanz is a solid product offering, it is somewhat limited in its scope, and for the premium price point, one might expect more.

Product SKU: NA

Product Brand: Scanz

Product Currency: USD

Product Price: 79

Price Valid Until: 2025-02-10

Product In-Stock: InStock

Editor's Rating:
3.5

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