Top 10 Best Stock Trading Analysis Software Programs 2021

The Webs Most In-Depth Hands-on Review of Stock Trading & Analysis Software: Automated AI Trading, Charting, Backtesting, Screening & Research

Table of Contents

Welcome to the most detailed stock trading software review on the web. I have been researching, trading, and investing for 21 years as a professionally certified market analyst. In this article, I compare & test over 1200 different features & functions across 30 products.

Our research reveals hundreds of stock software companies offering charts and indicators. But the best stock software is differentiated by powerful fundamental stock screening, market scanning, backtesting, forecasting, AI chart pattern recognition, and real-time stock news.

Experience shows that traders need software with excellent chart technical analysis, real-time news, and technical market scanning. Investors need stock software for financial screening, in-depth stock research, robust portfolio tracking, and portfolio management.

The stock software for you is based on your needs.

The Best Stock Software Summary

Our testing reveals the best stock software overall is TradingView, with excellent backtesting, technical analysis charts, stock screening, a highly rated stock app, plus a free plan available globally. TradingView benefits from an active trading community of 3 million people sharing ideas and strategies.

The best stock analysis software for investors is Stock Rover, as it specializes in deep fundamental financial screening, research reports, and portfolio management. It is the ideal platform for dividend investing, value stock investing, and long-term growth investing because, according to our testing, it has the best 10-year historical fundamental database on the market.

Our research indicates two leading stock trading software platforms for traders looking to unleash the power of AI to get an edge in the market. TrendSpider enables automated pattern recognition for Trendlines, Candlesticks, and Fibonacci levels. Trade Ideas uses AI to backtest millions of conditions daily to generate higher probability day trading signals.

The Best Automated Trading Software is Trade Ideas which is the most mature offering. Using the Brokerage Plus program, you can trade the Holly AI algorithm signals automatically with Interactive Brokers.

If you want to trade news events in real-time, our analysis shows the Benzinga Pro stock program gives the reactive trader an edge in the market.

For traders seeking robust stock trading software for backtesting, forecasting, and global real-time news, our testing shows  MetaStock is the market leader. MetaStock also has many add-on systems for trading momentum, candlesticks, and more.

The Best Stock Software & Analysis Platforms
The Top 10 Best Stock Software & Analysis Platforms Tested

Best Stock Software for 2021

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1. TradingView: Winner Overall Best Stock Software

Recommended for all international Stock, Forex & Crypto Markets. For traders who value a great price, insanely good chart analysis & backtesting with a huge active social community. TradingView is an easy-to-use yet powerful platform.

Stock Software Rating: ★★★★★Price: $0 – $50/m
Pros
★ Great Technical Analysis Charts
★ Social First, Chat, Publish, Follow
★ Good Backtesting & Screening
★ Easy to use, perfect for beginners
★ Cryptocurrency, Forex, Stocks USA & Globally
Cons✘ No Real-time News
✘ Watchlist Customization
Try TradingView Free Now

There is no doubt about it; TradingView is a worthy winner and holds its place as number 1 overall. I love TradingView and use it every day; I post charts, ideas, and analyses and chat with other traders. I also do strategy development and backtesting on TradingView.

TradingView Pricing & Software ★★★★

You can have TradingView for free, and it is a review winner for our Best Free Charting Software Review.  However, there are limitations.  I would recommend going for the PRO+ at $19 per month or the Premium at $39 per month; the benefits are extensive, including priority customer support and unlimited everything.

Liberated Stock Trader Review Winner
TradingView – Winner Best Overall Trading Platform

Additional benefits of TradingView are fast data speeds and global stock exchange coverage. TradingView covers Stocks, ETFs, Funds, Futures, Forex, Bonds & Cryptocurrencies globally, making it the perfect choice for international investors.

Our testing shows that TradingView’s pricing model and global stock exchange coverage make it the best free technical analysis software in India, the USA, and internationally.

TradingView Software Download for PC & Mac

TradingView is an HTML 5 application that runs in the cloud.  This means you do not need to download any software for the PC or Mac. When you launch TradingView, the HTML 5 code automatically downloads to your PC browser, and it simply works. You can start TradingView in seconds in your browser by clicking this link. Launch TradingView Charts.

TradingView is the best online stock chart program because it has the speed and power of a desktop app but runs in the cloud, improving setup and data management.

In 2021 TradingView released their App for Android and Apple devices, which over 150,000 users rate as 4.8/5.0; this makes it the best stock analysis app available today.

Trading with TradingView ★★★★

With TradingView in the USA, you get broker integration with TradeStation for stocks and Forex.com for foreign exchange currency trading. In Europe, you have integration FXCM and Saxo Group for currency and CFD trading. You can place trades directly from charts, and it will take care of profit & loss reporting and analysis for you.  The only thing TradingView does not cover is Stock Options trading.

TradingView Scanning & Screening ★★★★

TradingView has over 250 different criteria for scanning and screening for stocks. There are 48 different fundamental criteria and 96 technical variables available. The technical criteria are also available for Forex and Crypto. Any idea you have based on technicals will be covered.  They even have 48 different economic indicators available through the FRED database from the Federal Reserve, for example, Federal Funds Rates and World Economic Growth.

TradingView Community & Platform ★★★★

If you connect to TradingView, you will realize it is developed for the community. You can look at community ideas, post your charts and ideas, and join thousands of groups covering everything from Bonds to Cryptocurrencies. It is an excellent way to generate ideas and learn from other traders. I would recommend trying the trading platform to see it in action. The news feeds are fully integrated, including Kiplinger, DailyFX, Futures Magazine, FXStreet, and StockTwits.

I use TradingView every day; you can follow me on TradingView.

TradingView is the King of Social Trading with the biggest and most active trading community.

TradingView Technical Analysis ★★

With over 160 different stock chart indicators, and unique specialty charts such as LineBreak Charts, Kagi Charts, Heikin Ashi Charts, Point & Figure Charts, and Renko Charts, you have everything you will need as an advanced trader.  With the Premium membership, you also get Level II insight, fully integrated. As a tool for technical stock analysis, TradingView is an industry leader?

TradingView - Insanely Beautiful Chart, with a massive selection of indicators. This Chart Feature Moonphase and Darvas Boxes
TradingView: Insanely Beautiful Charts with a massive selection of indicators. This chart Features the Moon phase and Darvas Boxes.

As a technical analyst, I am incredibly impressed with the offering of Kagi, Heikin Ashi, and Renko Charts, including Point & Figure and Line Break. Also, the user community has developed thousands of bespoke indicators and strategies. With this selection of charts, you have everything you will need as an advanced trader.

Backtesting & Automated Trading 

Good but not perfect. TradingView has an active community of people developing and selling stock analysis systems, and you can create and sell your own with the Premium-level service.  Also, there are a vast number of indicators and systems from the community for free. The only thing you cannot do is forecast and implement Robotic Trading Automation.  For stock market forecasting, you are better off with MetaStock.

I have even implemented my MOSES (Market Outperforming Stock ETF Strategy) into TradingView. TradingView enables you to easily create any system or strategy you desire using pine script. Below you can see 3 MOSES Strategies compared with the equity curve. This MOSES system beat the NASDAQ 100 by 800 over the past 24 years.

3 MOSES ETF Strategies vs. Buy & Hold (Click to Enlarge)
3 MOSES ETF Strategies vs. Buy & Hold (Click to Enlarge)

I like that in a few clicks [Strategy Tester -> Add Strategy], you have results.  You can also tweak the strategy parameters and observe the results.  Reporting is good, and the tabs show you the profit performance of the strategy.

TradingView Backtesting Reporting.

TradingView’s backtesting report includes everything you need to evaluate a strategy’s performance, including Net Profit, Drawdown, Buy & Hold Return, Number of Trades & Trade Duration, and strategy risk profile.

Market Replay

TradingView has a market replay functionality that enables you to play through the timeline and shows you the chart scrolling and the trades executed; it is simple and powerful to use.  All buy and sell orders are drawn on the chart and highlighted.  All in all,  TradingView is a great package, especially as the backtesting is included in the free version. The only things you cannot do are forecast and implement Robotic Trading Automation.

TradingView Usability ★★

TradingView is the best stock trading software for beginners because it is easy to use but powerful enough to grow with you as you gain experience, plus the community of over 3 million people will help you learn and gain knowledge. TradingView takes about 2 minutes to set up, no credit card, no installation, and no configuring data feeds; it is literally ready to go because TradingView works with a single click.

Video: Why I Think TradingView is the Best Stock Software

Why I Rate TradingView The Best. Tutorial & Walkthrough of TradingView's Best Features

Try TradingView For Free Now + Bonuses*Read the Full TradingView Review

★ Bonus: Sign Up For This Service & Get 5 Exclusive Investing Strategy & Research eBooks Valued at $99 ★

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2. Stock Rover: Winner Best Stock Analysis Software for Investors

Best for USA & Canada Value, Dividend & Growth investors. Stock Rover is the fastest-growing and innovative financial stock analysis software. Including real-time stock research and screening, it enables easy implementation of nearly every investing strategy. It also connects to your broker for portfolio reporting and management.

Stock Software Rating: ★★★★★
Price: $0 – $27/m
Pros★ 10-Year Historical Fundamentals Database
★ Huge Selection of Fundamental & Financial Scanning Criteria
★ Incredible Stock Scoring & Ranking Systems Allow You To Find Perfect Matches For Your Portfolio
★ Value, Dividend & Growth Screeners & Portfolios Fully Integrated
★ Easy to use
Cons✘ No Social Community
Get Stock Rover Free NowSpecial Deal: 25% Stock Rover Premium Discount

 

It is awe-inspiring that Stock Rover has stormed into the review winners section on its first try.  It is also the outright winner in our Best Stock Screener Review. I actively use Stock Rover every day to find the undiscovered gems that form the foundations of my long-term investments.  Using Stock Rover, I have created multiple screening strategies for dividends and value investing that I cannot live without now.

I do not say this lightly. If you are a long-term US Investor, Stock Rover is the best & only software you ever need.

Stock Rover Best Stock Software For Growth, Income & Value Investors
Stock Rover Best Stock Software For Growth, Income & Value Investors

Stock Rover Pricing ★★★

You can have Stock Rover for free; however, the real power of Stock Rover is unleashed with the Premium Plus service.  Moreover, their top tier of service is not even expensive compared to the competition.  I strongly recommend going for the Stock Rover Premium Plus at $27.99 per month.  Why?  Having used the service extensively, I cannot live without the unlimited stock ratings, analyst ratings, incredible Value Stock Screening, and margin of safety scoring.

Stock Rover Platform ★★★

Stock Rover runs on PC, Mac, Tablets, and Smartphones and requires zero installation; it simply works.  The market data, scoring, ranking, and analysis are for the USA & Canadian markets only.

  • Zero client installation; very quick to setup
  • Zero data downloads and data management are required on the local client device.
  • Cross-device compatibility (PC, Mac, Tablet, Smartphone)

Stock Rover has the best implementation of stock screening on a cloud-based architecture on the market.

Video: My 10 Reasons Why Stock Rover is Best for Stock Investors

Top 10 Reasons I Use Stock Rover For Research, Screening & Strategy Building | Stock Rover Review

Get Stock Rover Now + 25% Discount

Stock Rover Portfolio Management ★★★

With Stock Rover, you get integration with every major broker, including our review-winning broker, Firstrade, and Interactive Brokers. You cannot place trades from charts, but it will take care of profit & loss reporting on your portfolio and provide portfolio rebalancing recommendations. Stock Rover uniquely includes current dividend earnings and future income prediction reporting, making it a unique portfolio analysis platform.

What Does Stock Rover Do Best?

  • Real-time Stock Research Reports
  • Excellent Stock Screening with a 10 Year Historical Financial Database
  • Portfolio Management, Reporting, Correlation & Rebalancing
  • Portfolio Performance Reporting

Stock Rover is not for day traders; it is for long-term investors that want to maximize their portfolio income and take advantage of compounding and margin of safety to manage a safe and secure portfolio.

Fundamental Stock & ETF Screening ★★★

Stock Rover scores perfectly in our screener testing, offering by far the best overall stock and ETF financial data. Stock Rover has over 600 data points and historical data stretching back 10-years, enabling you to backtest fundamental strategies. Stock Rover also has unique Margin of Safety, Fair Value, and Discounted Cash Flow data to help you invest like Warren Buffett. Add the exclusive stock scoring systems, and Stock Rover is definitively the best stock screener for the North American markets.

Watchlists have fundamentals broken into Analyst Estimates, Valuation, Dividends, Margin, Profitability, Overall Score, and Stock Rover Ratings.  You can even set the watchlist and filters to refresh every single minute if you wish.

The team over at Stock Rover has implemented some great functionality; I particularly like the roll-up view for all the scores and ratings.  Here I have imported the Warren Buffett portfolio, which includes his top 25 holdings.  I have also selected the “Stock Rover Ratings” tab.  This “Stock Rover Ratings” tab rolls up all analysis into a simple-to-view ranking system, saving a vast amount of time and effort while providing a wealth of insight.

Powerful Pre-Built Screeners Integrated into Stock Rover

Stock Rover already has over 150 pre-built and tested screeners that you can import and use. You need to have the Premium Plus service to take advantage of this, I have reviewed most of the screeners, and they are very thoughtfully built.  One of my favorites is the Buffettology screener.

Stock Rover Stock Rating Engine Helps You Find Great Stocks To Invest In
Stock Rover Stock Rating Engine Helps You Find Great Stocks To Invest In

Stock Rover Warren Buffett Screener & Ratings.

This value stock screener is based on criteria described in the bestselling Buffettology book. The company should have a 10-year track record of generally increasing EPS with no negative earnings years; long-term debt, not more than five times annual earnings; average ROE over the past ten years at least 15%, average ROIC over the last ten years at least 12%, and earnings yield should be higher than the long term treasury yield. The Buffettology screener includes the Fair Value and Margin of Safety analysis and rankings, and it could be said it is worth the investment in Stock Rover all by itself.

Read more about setting up your Warren Buffett stock screener with Stock Rover.

Stock Rover Research & Stock Ratings ★★★★★

The team over at Stock Rover has implemented some great functionality; I particularly like the roll-up view for all the scores and ratings.  Here I have imported the Warren Buffett portfolio, which includes his top 25 holdings.  I have also selected the “Stock Rover Ratings” tab.  This “Stock Rover Ratings” tab rolls up all analysis into a simple-to-view ranking system, saving a vast amount of time and effort while providing a wealth of insight.

Stock Rover - Simply The Best Stock Screener
Stock Rover Simply the Best Stock Screener. The Warren Buffet Scan

Stock Rover News Service ★★★

Stock Rover pulls in information from over 30 news sources, including Yahoo Finance and Benzinga News.  The news feeds are not real-time, but they are useful.  If it is a priority for you, you can subscribe to Benzinga PRO News separately.  When it comes to social chat and community, there is no perceivable service within Stock Rover.

Stock Charting & Technical Analysis ★★★

Looking at stock charts with Stock Rover is different from all the other software vendors on the market.  Whereas MetaStock & TradingView focus on hundreds of technical analysis (price/volume) indicators, Stock Rover focuses on charting the fundamental financial strength indicators. However, I recently met with the head of business development at Stock Rover, and he told me they are adding many more technical analysis indicators soon.

With over 154 different financial indicators and only 15 technical analysis indicators, Stock Rover is not the best service for technical analysis or frequent trading. Still, it is by far the complete package for fundamental income, growth, and value investors.  Although this section is for technical analysis, they are so good with charting fundamentals they still get a good rating.

Stock Rover Backtesting ★★

Again, we have to think of Stock Rover differently from other stock analysis packages.  Stock Rover provides ten years of backdated financial information and scanning possibilities, better than all other stock screening package. It is possible to backtest with Stock Rover; I have built the LST Beat the Market Strategy exclusively for Stock Rover and used the software to backtest the system for the past 8 years.


Liberated Stock Trader Beat the Market Strategy Exclusively on Stock Rover

Breaking News. I have finished work on a Stock Investing Strategy that has outperformed the S&P 500 by 50% over the last eight years. I used Stock Rover’s excellent backtesting and historical database to achieve this.

This Liberated Stock Trader Beat the Market Screener (LST BTM) is built into the Stock Rover library and is available to all Stock Rover Premium Plus Subscribers.


Is Stock Rover Easy to Use? ★★★

Within 5 minutes, I was using Stock Rover, no installation required, and no configuring data feeds; it was instantly available.  Even better is that there are so many curated screeners and portfolios to import and use; you are instantly productive. It is quite a feat that it is easy to use, considering Stock Rover has so many powerful scoring and analysis systems.

Stock Rover Summary

Stock Rover wins our stock market software review by providing the best software for value and income investors. A 10-year financials & fundamentals historical library plus incredible scanners, including Warren Buffett & Ben Graham’s favorite criteria. Fair Value, Margin of Safety, and so much more.

Stock Rover provides investors with financial growth, valuation, efficiency, and profitability ratings to help them select the right stocks; this makes it the best stock picking software available today. 

If you are a long-term investor, this is the software for you.

Try Stock Rover + Get A Bonus*Read The Detailed Stock Rover Review

★ Bonus: Sign Up For This Service & Get 5 Exclusive Investing Strategy & Research eBooks Valued at $99 ★

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3. Trade Ideas: Winner Best AI Stock Prediction Software

Recommended for Day Traders wanting AI-driven trading signals. Trade Ideas provides actual buy & sell signals for trades by performing millions of backtests per day on 70+ strategies. The Holly A.I. platform has an audited track record of beating the market.

Stock Software Rating: ★★★★★
Price: $118 – $228/m
Pros★ 3 AI Trading Algorithms That Beat the Market
★ Fully Automated Backtesting
★ Exceptional Stock Scanning
★ Specific Audited Trade Signals
★ Auto-trading With AI Signals
Free Live Trading Room Access
Cons✘ User Interface
Visit Trade IdeasSpecial Deal: Use Code “Liberated” for a 15% Discount

 

According to our testing, Trade Ideas is the industry-leading artificial intelligence-powered stock market scanning and trading signals generation platform. Despite a complicated user interface, the real power lies underneath with 30 channels of trading ideas & three AI systems pinpointing trading signals for day traders. Trade Ideas promises and delivers the nirvana of market-beating returns.

Trade Ideas is unique because the software tells you when to buy and sell stocks by analyzing millions of trade setups every day. The analysis results in 3 to 5 high probability trades every day.

Trade Ideas Pricing ★★★★

While Trade Ideas is the most expensive software in this review, that is for a reason.

Trade Ideas, unlike any other software, does all the work for you providing you specific market beating AI trading Signals, to help you make regular profits.

Liberated Stock Trader Review Winner
Trade Ideas Review Winner – Best AI Trading Software for Automated Stock Trading

Trade Ideas Standard costs $118 per month, or you can save $348 by going for an annual subscription costing $1068, a 25% discount. For this investment, you get:

  • Live Trading Room – Get free access to the live trading room.
  • Real-time Streaming Trade Ideas, a scanner providing access to 40 pre-configured scans.
  • Simultaneous Charts, the ability to have ten chart windows open.
  • Chart Based Visual Trade Assistant enables you to trade directly from charts.
  • Up to 500 Price Alerts to notify you when a stock meets your criteria.
  • Channel Bar Curated Workspaces, access to 30+ channels of ideas.

Trade Ideas Premium costs significantly more than Standard service at $228 per month. You can save $468 by going for an annual subscription costing $2268. For this extra cash, you get access to everything above and the robust backtesting and the Holly Artificial Intelligence System. Trade Ideas Premium features include:

  • AI Virtual Trading Analyst Holly, three different constantly evolving AI algorithms
  • Chart Based AI Trade Assistance for Buy and Sell Signals
  • Risk Assessment, detailed information on the backtested performance of the recommended trade.
  • Build and Backtest any Trade Idea with an intuitive point & click backtesting system.
  • Autotrade Brokerage Plus and AI,  an advanced auto trading program using Interactive Brokers.

The Trade Ideas Platform ★★

When you first open Trade Ideas on your desktop, the software feels clunky and not very user-friendly. Every chart and table is actually in a separate window, so if you want to resize the view, you need to resize all eight windows. This seems such a hassle initially and seems to hark back to the age of Windows 98.

There is a good reason for this design; if you operate multiple monitors and large screens, you have endless flexibility and window configuration options.  Even though they are fully separate windows, they can be linked and unlinked together to provide a more fluid experience with some practice.

Trade Ideas Platform, Channels & Charts
Trade Ideas Platform, Channels & Charts

So although it is clunky and some of the most important functions are hidden behind right-click menu’s in certain windows, you start to get used to the design after a few hours.

Extensive testing reveals that Trade Ideas is an incredibly powerful stock trading desktop app that seamlessly integrates cloud-based AI algorithmic stock signals to provide high probability day trading opportunities.

Stock Scanning & Screening ★★★★

At the heart of the trading platform is the Trade Ideas scanner system, which is unique in the industry. By clicking New -> Alerts, you get access to the Alert Config Window, which gives you immediate access to over 40 different trading scans. You can see all the in-built scans categorized into Bullish, Bearish, or Neutral in the screenshot below. Depending on the overall market direction, you can select a potential strategy for the day.

Trade Ideas Scanner
The Excellent Trade Ideas Scanner & Strategy Engine

During testing, a particularly impressive and innovative scan was discovered; the “Unusual Social Mentions Scan.” The Trade Ideas AI engine constantly scans StockTwits for surges in mentions of particular stocks, so if you click load settings, you will be immediately presented with a real-time list of stocks spiking on social media.

Is Trade Ideas AI Profitable?

Trade Ideas’ performance is openly available on their website and is impressive. Trade Ideas averages 23% to 33% per year. But to judge the performance of any system, we have to compare it to the underlying benchmark’s performance. I compared $50,000 invested in the S&P 500 versus day trading with Trade Ideas to test this performance.

AI PerformanceStart Capital Jan 2019End Capital Oct 2020Period ProfitProfit Per Year
Holly Grail (AI) $50,000.00 $71,186.0042%23%
Holly 2.0 $50,000.00 $80,510.0061%33%
Holly Neo $50,000.00 $71,186.0042%23%
S&P 500 $50,000.00 $66,000.0032%17%

As you can see, Holly has outperformed the S&P 500 since 2019.  Interestingly Holly did not suffer the huge losses incurred in the S&P 500 during the Corona Crash from March to April 2020.

Technical Analysis ★★

The one area in which Trade Ideas is behind the competition is performing your own in-depth technical analysis. Most technical analysis software, backtesting, and charting platforms offer at least 50 different technical analysis tools. With Trade Ideas, you can use only four stock chart indicators: volume, moving averages, VWAP, and trendlines.

This is because Trade Ideas does all the work for you in the backend engine.  Trade Ideas is not the best choice if you want to perform your own independent, detailed technical analysis.

Automated AI Stock Trading 

The Trade Ideas platform has a potent backtesting system that is easy to use, and you do not need any programming knowledge.  A point-and-click backtesting system is rare in this industry; the only alternative software with this capability is TrendSpider.

The most amazing thing of all is that you can let Holly AI to auto-trade for you through Interactive Brokers.

Is Trade Ideas Easy to Use? ★★

Trade Ideas takes time to learn; I estimate at least four days of full-time effort, perhaps longer. The great thing is, you will get a personal training session when you sign up. If you aspire to be an active, profitable day trader, this package is well worth it, as all the hard work is done for you every day.  I am thrilled to partner with Trade Ideas because they bring a unique and extremely powerful service to retail stock traders.

Trade Ideas Discount Coupon Code

As a partner of Trade Ideas, I requested a discount for all our readers. Use the discount code “Liberated” to get 15% off your first purchase, worth $340 when going for the premium service.

Get 15% Off Trade IdeasRead the Full In-Depth Trade Ideas Review

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4. Benzinga Pro: Best Stock Program for Trading Breaking News

Benzinga Pro is a unique stock program for trading real-time news events. Designed for day traders, Benzinga Pro delivers real-time market-moving news to give you a trading edge. Additionally, a news squawk box, direct access to the news desk, and real-time charting and scanning complete the service.

Stock Software Rating: ★★★★

Price: $79 – $117/m
Pros★ The Best Real-time Stock News Service
★ Squawk Box Live Feed
★ Real-time Alerts & Signals
★ Improved Charts & Indicators Selection
Cons✘ Primarily North America Focus
✘ No Broker Integration
Visit Benzinga

 

With exclusive features like real-time news, sentiment indicators, audio squawk box, chat to the newsdesk, and the powerful calendar suite, is it worth paying for Benzinga PRO? Yes, after three years of use, I recommended Benzinga for active day traders and investors who want an actionable real-time news service plus exclusive analysis to get a profitable edge in the market.

Benzinga Pro Pricing & Software ★★★

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.

The stock program itself is stable and elegant, offering you the opportunity to set up multiple workspaces and monitors to suit your needs.  Benzinga is also adding new functionality all the time, and it is a platform that should grow with your needs.

Benzinga Pro Scanning & Screening ★★★★★

Benzinga Pro is the best for scanning and screening the news, but it can also screen for technical and fundamental data. Benzinga Pro has 32 different fundamental screening criteria, including P/E, PEG, Profitability, Margins, and Insider Ownership. There are also 23 market scanning criteria available, including volume change, relative volume, and short interest.

Benzinga Signals: Scanning for Block Trades, Options Activity & More

Signals By Benzinga, Highlighting Market Moving Block Trades
Signals By Benzinga, Highlighting Market Moving Block Trades

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.

Signals could be a trading strategy in itself.  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.

Benzinga Pro News & Community ★★★★★

Real-Time Trading News – BZWire Access

Core to the Benzinga Pro service is access to the real-time newsfeed, which updates quickly and effectively.  The only news excluded in the basic package is the Securities & Exchange Commission (SEC) announcements and Public Relations (PR) newsfeeds.

The Core Benzinga Pro Newsfeed - Red for Bearish - Green Ticker For Bullish
The Core Benzinga Pro Newsfeed – Red for Bearish – Green Ticker For Bullish

Please do not underestimate the newsfeed; it is truly enormous.  But 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 great.  I personally only want to see Market Moving Exclusives, Exclusives, Hot News, Market Updates & Tech, and they are readily selectable.

Benzinga Newswire’s Endless Configurability

There are 20 categories to choose from, and each type of news can be color-coded to match your requirements, including exclusives, Hot News, Market Moving News, Mergers & Acquisitions, and Options Signals.  For the full test of Benzinga, see the Benzinga Pro Review.

Configuring Your Benzinga Newsfeed
Configuring Your Benzinga Pro Newsfeed

Newsfeed Alerts – Alarms On Specific Sectors Or Categories

You can also choose to be alerted to specific categories in your newsfeed.  For example, you can select to be alerted via email or a desktop pop-up and sound if any hot news or market-moving news is announced.  Any category can be flagged for alerts, so you do not need to watch the newsfeed continually; you can be trading and hear the alarm as a call to action.

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. 

I have Squawk Box 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 big news via my PC speakers; this service alone is worth the upgrade to Benzinga PRO Essential.

Chat with News-Desk Feature

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).

Benzinga Pro Community

Benzinga Pro also has a very active user community, with eight live-chat channels and a Benzinga TV channel featuring Benzinga studios live broadcasts. Additionally, there is a special live chat stream for Benzinga’s Options Signals service to enable clients to pounce on Options pricing opportunities.

Benzinga Pro Technical Analysis ★★★✩✩

Benzinga Pro has dramatically improved its technical analysis charting over the past few years by integrating a cut-down version of TradingView (our 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.

Sentiment Indicators

Sentiment indicators are an excellent 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.

Security SnapShots

Unique to Benzinga is the Security Snapshot View, essentially a summary of all the critical News, Fundamentals, and Charts.  It is designed to give you a clean, quick view of the whole picture for a given stock.  This includes all the core financial documents like balance sheets and important income statement information.

The Beautiful, Easy To Read Snapshot Of COmpany Performance
The Beautiful, Easy To Read Snapshot Of Company Performance

Backtesting & Automated Trading  ★✩✩✩✩

The main functionality missing from Benzinga Pro is the ability to perform any backtesting or automated trading.  This trading software is not for algorithmic or system traders; it is designed to deliver tailored market-moving news fast.

Benzinga Pro Usability ★★★★★

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 Streaming News Feed Screen Shot - Benzinga Pro News Platform Highlights - Important News, Watchlist - Price Quotes
Benzinga Streaming News Feed Screen Shot – Benzinga Pro News Platform Highlights – Important News, Watchlist – Price Quotes

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.

Benzinga Free 30 Day TrialRead the Full In-Depth Benzinga Pro Test

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5. TrendSpider: Best Automated Stock Chart Analysis Software

Best for all traders seeking cutting-edge AI software that automates technical chart analysis, trendline & pattern recognition. TrendSpider has robust system backtesting, automated Fibonacci & Candlestick recognition covering Stocks, ETFs, Fx & Crypto Markets.

Stock Program Rating: ★★★★★
Price: $27 -$69/m
Pros★ Automated Trendline & Fibonacci Detection
★ Automatic Multi-Timeframe Analysis
★ Code Free Backtesting
★ Real-time Data Included
★ Stocks, ETFs, Fx, Crypto, Futures
Cons✘ No Social
✘ No Auto Trading (Yet)
Free 7 Day Trial

The TrendSpider team is innovating at breakneck speed, and the features they are innovating are unique to the industry with trendline automation, pattern recognition, and multi-timeframe analysis.

TrendSpider Pricing & Software ★★★★★

TrendSpider has an excellent price point starting at $27 per month, which includes real-time data. The Elite Trader Plan is $37.25 per month and includes after-hours and pre-market data, OTC, Forex, and Futures data.  On top of that, you get 20 Dynamic Alerts.

TrendSpider - Most Innovative Newcomer
TrendSpider – Automating Stock Chart Analysis

They have also expanded to cover Forex, Crypto, ETFs, and Futures, which means you can apply the stunning Auto Trend-lines and Multi Time-Frame Analysis on many different markets.

The platform is built on HTML 5 and needs Zero installation and Zero data feed configuration.  The system runs on all platforms, from smartphones to PCs.

Automated Technical Analysis ★★★★★

Packed full of innovative technical analysis tools means that TrendSpider is catapulted to the top of this list.  If you are a serious market analyst, then TrendSpider will help you do the job quicker, with better quality, and help you not to miss an opportunity.  The automated trendline detection and plotting do a better job than a human can; using algorithms, the system can detect thousands of trends-lines and flag the most important ones with the highest backtested probability of success.

The automated trendline & candlestick detection and recognition do a better job than any human

The multi-time-frame analysis means viewing multiple time-frame charts on a single chart with the trendlines plotted automatically.  Another great feature is the advanced plotting of support and resistance lines into a subtlely integrated chart heatmap.

Automated Trendlines with TrendSpider
Automated Trend lines with TrendSpider

6 Innovations Unique To TrendSpider:

  1. Automated trendline detection and plotting do a better job than a human can; using algorithms, the system can detect thousands of trends-lines and flag the most important ones with the highest backtested probability of success.
  2. Automated multi-time-frame analysis means viewing multiple time-frame charts on a single chart with the trendlines plotted automatically.
  3. Advanced plotting of support and resistance lines into a chart heatmap.
  4. Automated Fibonacci Detection & Mapping unique to TrendSpider
  5. Integrated backtesting of automated trendlines, showing win rate, profitability, and drawdown.
  6. Raindrop Charts are a wholly unique and intuitive way to visualize volume profile or volume at price action.

TrendSpider has three massive benefits:

  1. It saves traders and professional analysts a lot of time and can provide an edge in the market.
  2. It uses mathematics & AI to help traders spot trends they would have missed.
  3. It helps beginners to learn how to draw trend lines.

TrendSpider Scanning ★★★★✩

TrendSpider is developing new features at breakneck speed, but this one is big. The latest innovation from the TrendSpider team is the “Market Scanner.” This enables you not only to scan a specific stock but the entire market for shares matching your technical criteria.  This is a significant step forward, combining AI trend detection and analysis with the ability to scan the whole stock market.

TrendSpider takes a different approach to backtesting.  Because the platform is built from the ground up to detect trendlines and Fibonacci patterns automatically, it already has an element of backtesting built into the code. The highest probability trendlines are automatically flagged, and you can adjust the sensitivity of the algorithm that controls the detection to show more or fewer lines.

They have also implemented a strategy tester that allows you to freely type what you want to test, and it will do the coding for you.  It is a smooth and straightforward implementation that had me up and running in minutes.  One of the elements I like is the ability to adjust your backtest conditions on the fly, and the “Price Behaviour Explorer” and “System Performance Chart” automatically update.   You can jump into coding if you want to, but the key here is that you do not HAVE to.

TrendSpider Backtesting ★★★★✩

Integrated backtesting of automated trendlines, showing win-rate, profitability, and drawdown are new additions and warmly welcome. The team is finally propelling TrendSpider into one of the leading technical analysis packages in the industry.

Is TrendSpider Easy to Use? ★★★★✩

TrendSpider’s innovations mean you will need a little time to understand what they are telling you.  For example, seeing hourly, daily, weekly trend lines plotted on the same chart might be confusing at first. Still, after applying a little effort, you might find you cannot live without them—an excellent score on usability.

Try TrendSpider with a Free 7 Day Trial *Read the Full TrendSpider Review

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6. MetaStock: Best Stock Program for Backtesting & Forecasting

Recommended for stock traders who need excellent real-time news, access to a huge stock systems marketplace, the best technical stock chart analysis, and backtesting. All international exchanges are covered & backed up with excellent customer services.

Stock Software Rating: ★★★★★
Price: $69 – $99/m
Pros★ The Best System Backtesting
★ The Best Charts & Indicators Selection
★ Real-time News from Reuters (with Refinitiv)
★ All International Stock Exchanges
Cons✘ PC Only/No Mobile App
✘ No Broker Integration
Visit MetaStockSpecial Deal: 3 Months for the Price of 1

 

The latest release of Metastock is a big hit with improvements across the board. Considerable advances in scanning, backtesting, and forecasting make this one of the best offerings on the market.

MetaStock Pricing & Software ★★★

MetaStock is the most mature stock market technical analysis software on the market today. Packed with features and backed up by the mighty Thomson Reuters, you can expect excellent fast global data coverage and market coverage, including equities, futures, forex, ETFs, and Stock Options.

The MetaStock technical analysis platform starts at $69 per month, which unlocks the end-of-day data package. Our testing reveals that MetaStock is the leader in stock chart technical analysis and expert advisors for system backtesting and forecasting.

Liberated Stock Trader Review Winner
MetaStock – Winner Best Backtesting, System Trading & Analysis Platform

MetaStock is designed only for the PC but can be run on Mac with PC emulation software.  You will need to download and install MetaStock and configure your specific data feeds for the markets you want to trade.  So the software installation is not as slick and quick as competitors. Still, the package is potent because it enables you to configure different data providers, like your broker, for example.

MetaStock Live Trading

MetaStock is designed as a broker agnostic technical analysis platform. It does provide limited broker integration, but the execution of trades from charts and live integrated profit and loss analysis of your live portfolio is limited.

MetaStock Scanning & Screening ★★★

Using MetaStock Refinitiv, you can see an incredibly in-depth analysis of company fundamentals from debt structure to top ten investors, including level II.  Excellent watchlists featuring company financials and powerful scanning of the markets make MetaStock unique.

MetaStock Real-time News Score ★★★

MetaStock’s Refinitiv integration means you get institutional quality real-time news, analysis, research, and economic outlooks.  This is the fastest global news service available in the industry. For international investors, MetaStock is unique because the news is also translated into all major languages.

MetaStock Technical Chart Analysis ★★★

MetaStock has over 350 stock tools for charting, annotation, drawing trendlines and indicators; the broadest selection of technical analysis tools on the market today. MetaStock is the clear leader in pure technical analysis of stock charts; it includes Point & Figure and Market Profile Charts, meaning it has the best stock trading charts.

Innovative additions to MetaStock, like Foreign Exchange (Forex) forecasting based on market sentiment, are absolutely exceptional. This makes MetaStock our recommendation for the best technical chart analysis software.

MetaStock Systems & Backtesting ★★★

Another area where MetaStock excels is what they call “Expert Advisors.” MetaStock harnesses many inbuilt systems to help you understand and profit from technical analysis patterns and well-researched systems.  This is a unique differentiator from the competition.  The most significant addition to the MetaStock arsenal is the forecasting functionality, which sets it apart from the crowd.

MetaStock has over 100 computerized stock market systems called Expert Advisors. These programs scan stock charts for a system’s targeted conditions. The Expert Advisor systems, either in-built or as 3rd part add-ons, will help you understand and profit from technical analysis patterns in price and volume. This is a unique differentiator from the competition.

You can even use artificial intelligence-like functionality to test a set of variables within your backtesting.  For example, you can use the “Fuzzy Logic” program to test your stock system against many different variations of your criteria to see which variables work best for this stock. Fuzzy logic is an incredibly powerful feature that is often overlooked with MetaStock.

The most significant addition to the MetaStock arsenal is the forecasting functionality, which sets it apart from the crowd.

MetaStock Forecaster Capability

The most significant MetaStock innovation is the forecasting functionality, which does not exist with any other software.  By selecting Forecaster from the power console, you can simply choose one or more stocks, ETF’s or Forex pairs and click forecast. You are then presented with an interactive report which enables you to scan through the many predictive recognizers, which help you understand the basis for the prediction and the methodology.

The Powerful MetaStock Forecasting Tool
The Powerful MetaStock Forecasting Tool

Is MetaStock Easy to Use?

MetaStock still has the feel of a collection of separately developed applications that require user education to make them work together.  However, the vast selection of automated “expert advisors” you can deploy on the range of stocks in your purview makes MetaStock well worth the investment.

3 Months for the Price of 1 on MetaStockRead the Full In-Depth MetaStock Review

★ Bonus: Sign Up For This Service & Get 5 Exclusive Investing Strategy & Research eBooks Valued at $99 ★

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7. TC2000: Best Stock Trading from Charts Software USA

Recommended for traders in the USA & Canada seeking rapid entire market scanning, with excellent charts & indicators. TC2000 has an integrated brokerage, meaning you can trade stocks and options directly from charts.

Trading Software Rating: ★★★★✩Price: $0 – $90/m
Pros★ Fantastic Charts & Indicators Selection
★ Good Technical & Fundamental Stock Scanning
★ Trade Directly From Charts
★ Real-time Exchange Data
★ Very Good Margin Rates
Cons✘ No Social
✘ No Backtesting
Get TC2000 Free✘ Brokerage Trades $4.95

TC2000 has long been one of my favorite tools; I have been a subscriber for over 20 years and find the latest release another step forward.  Endlessly customizable and scalable, the platform offers nearly everything a trader will need.

TC2000 Pricing & Software ★★★★★

TC2000 is a slick and powerful technical analysis platform, enabling entire US market scanning and screening for fundamentals and technical analysis. You can use the huge library of available indicators and create your own indicators and conditions with no coding required.

TC2000 runs on your iPhone, your Tablet, your Mac, and your PC.  The service is available for free so that you can try it out. The real power of TC2000 is unleashed with the gold service, which costs $29.99/m or $24.99/m with an annual contract.

If you trade U.S. Stocks, ETF’s or Mutual Funds, then this is a great solution.  Worden Brothers also provide regular live training seminars across the USA, which are of very high quality.

TC2000 Review - Sector Analysis Drill Down
TC2000 Review – Sector Analysis Drill Down

TC2000 Trade Management ★★★★★

Worden recently released TC2000Brokerage offering brokerage services at $4.95 per trade.  This means TC2000 has a tight integration for trading stocks from the chart screen and is one of the best implementations of Stock Options trading visualization available.

TC2000 is one of the best Stock Options analysis software programs, allowing you to seamlessly scan and build options strategies. You can scan on gamma, delta, expiration, options spread, and even short interest. 

TC2000: One of the Best Options Analysis Software Platforms
TC2000: One of the Best Options Analysis Software Platforms

TC2000 Scanning and Screening ★★★★★

Make no mistake about it; if you want fundamentals screened in real-time layered with technical screens all integrated into live watch lists connected to your charts, TC2000 is a power player. TC2000 Easyscan can be set up with a few clicks, and you do not need any coding experience.

TC2000 News & Social Community ★★★✩✩

While TC2000 does not have a perceivable real-time news element, it does have integrated news with connections to Google Finance, CNN, Yahoo Finance, MSN Money, Marketwatch, and StockTwits.  If you want social community and integrated news, you will need to roll back to TC2000 v12.5.

TC2000 Technical Chart Analysis ★★★★★

TC2000 has an excellent array of technical indicators and drawing tools; all the big ones are there, from OBV, RSI, and Bollinger Bands to Fibonacci Fans and Andrews Pitchfork.  With over 70 different indicators, you will have plenty to play with.  They have also introduced live alerts that you can configure to email or pop up if an indicator or trend line is breached; very useful indeed.

Stock Systems and Back Testing ★★★✩✩.

If you want to perform powerful backtesting, then TC2000 is not for you.  You may be able to utilize the add-on product called StockFinder if you are a Platinum Member, and you specifically call support to ask for it.  However, StockFinder is no longer in active development, which is a shame because I think it was a very good backtesting suite.

Ease Of Use ★★★★★

TC2000 is incredibly easy to use, which masks the power of the software.  You will be up and running quickly and fee productive in minutes. TC2000 also has a support desk located in the USA and is one of the few vendors you can call by phone and speak with a real person who can help you with any problems or questions.

Get TC2000 for Free Now + Bonus*Read the Full TC2000 Review

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8. Optuma: Technical Analysis Software for Professionals

Recommended for professional technical analyst traders who value Bloomberg Terminal integration & exotic Gann, Point & Figure & Astronomical charts.

Technical Software Rating: ★★★✩✩Price: $82 – $207/m
Pros★ Great Technical Analysis Charts
★ High-Quality Quant Backtesting
★ Gann Charts & Seasonality Charts
★ Professional Enterprise Services
★ Very Good Margin Rates
Cons✘ Separate Datafeed Required
✘ No Social
Visit Optuma

Optuma is a technical analysis stock charting tool created as the brainchild of Mathew Verdouw, a leading technical analyst.  Optuma is developed for professional technical analysts in financial institutions but is also available to retail investors. Optuma specializes in exotic charts such as Gann & Relative Rotation Graphs.

Optuma Pricing & Software ★★★✩✩

Optuma is at the top end when it comes to price. You will need a powerful PC to run it, but with IQFeed, GFT, and MT4 data integration’s, excellent customer services, and the full range of instruments covered (Stocks, EFTs, Mutual Funds, Options, Futures, FOREX, Bonds) for the premium price you get the premium package.

Starting at $82 per month for “Optuma Trader,” you will get the end-of-day data from 5 country groups, which is more than enough.  Stepping up to “Optuma Enterprise” at $207 per month adds lots of unique features like Market Intelligence Charts, Full Relative Rotation Graphs (RRG), 3D Charts, Regression Charts, and Quantitative Signal Testing.

Optuma Scanning & Screening ★★★★✩

Optuma is squarely aimed at professional traders and wealth managers, as you can see from the price.  Their clients are tier one Wall Street investment houses.  But you can still take advantage of their first-class solution.  If you have a Bloomberg feed already established, this also offers a new world of data and fundamental analytics.  This slick integration of fundamentals into the charting and analysis means this is a significant improvement over a Bloomberg terminal and warrants it as a clear leader in this space.

You can build watchlists with fundamental data, and everything operates in real-time; advanced scanning includes an excellent 3-dimensional sector map.

Optuma Technical Analysis & Charts  ★★★★★

A fantastic array of technical indicators (400+) and drawing tools.  There is a rich choice of chart types, bar, line, and candlestick, but many more, such as Point & Figure charts.

Optuma also specializes in Gann tools with a full suite, including Gann Grid Lines, Gann Fans, Gann Swing, and even a square of nine charts.

In terms of indicators, they have the best selection on the markets; included are Elliott Wave and Darvas Box, Ichimoku & Parabolic SAR; in fact, the full set of exotic indicators are present.

To top it off, they have also implemented an excellent astrological analysis suite as an upgrade for those who believe in that sort of thing; yes, commodity traders, I am talking about you :).

Innovative Wheel Chart Analysis with Optuma
Innovative Wheel Chart Analysis with Optuma

Optuma Systems & Backtesting ★★★★✩

Optuma has backtesting well covered also, with a well-implemented backtesting and system analysis toolset, which is up there with the industry leaders. Still, unlike the others, you do not need a Ph.D. in mathematics to set up and test your system.  The advanced programming language which connects all of Optuma is simple to use, and there are many detailed and helpful videos available so you can also teach yourself.  The code runs lightning-fast, and you can scan entire markets quickly and effectively.

The quality of the backtesting and advanced statistical analysis is because the CEO Mathew Verdouw and many of the development team are certified Chartered Market Technicians (CMT) and Certified Financial Technicians (CFTe) like myself.  So the quality of the testing tools is first class.

Visit OptumaRead the Full Optuma Review

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9. Scanz: Easy to Use Real-time News & Technical Stock Scanner

Recommended for Day Traders, who want a super simple and slick workflow, real-time streaming charts & news and unique Level II data, Dollar Volume Information & excellent broker integration

Scanz Rating: ★★★✩✩Price: $149/m
Pros★ Good Technical Analysis Charts
★ Realtime News & News Scanning
★ Excellent Broker Integration
★ Technical Chart Market Scanning
Cons✘ No Social
Visit Scanz

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 Pricing & Software ★★★✩✩

Scanz specializes in providing real-time data and news fast directly to your screen.  Scanz has a high price point of $149 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 News & Social ★★★★✩

The deal news section in Scanz is very good; 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 news services, but it is let down by having no social integration.

Trading With Scanz ★★★★✩

Scanz has 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.

The Scanz Team has a fantastic set of integrations to your broker to enable this, including RealTick, Sterling Trader, LightSpeed, and, most importantly, TD Ameritrade and Interactive Brokers, two of the powerhouses of the brokerage world.  So, the chances are your broker of choice already covers you.

Scanz Scanning & Screening ★★★★✩

Scanz contains many fundamental screens.  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 makes Scanz a unique offering.

Scanz Streaming News
Scanz Streaming News

 

Visit ScanzRead the Full Scanz Review

 

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10. VectorVest: Scanning & Market Timing Stock Trading Software

Trading software to help simplify market timing, stock strength, and valuation. Add to that general Buy & Sell ratings on stocks, and it is worth a look. But beware, some customers complain about data integrity.

VectorVest Rating: ★★★✩✩Price: $69-$129/m 
Pros★ Simple to Follow System
★ Specific Buy & Sell Signals
★ Market Timing Signals
★ US, Canada, Australia, & Euro Stocks
Cons✘ Limited Number of Chart Indicators
✘ Expensive, Especially With Add-ons
✘ Complaints About Data Integrity
Visit VectorVest

 

Pricing and Software ★★★✩✩

VectorVest has three tiers of service. Basic $69/m, Enhanced $89/m, and Premium $129/m. The basic service is missing much of the benefits of VectorVest. I would recommend the enhanced service, good for investors, or the Premium for those who want to swing or day trade. In terms of pricing, Vectorvest is neither expensive nor cheap; it sits in the middle. It does not compete with TradingView, MetaStock, or TrendSpider, which offer incredible value for money.  But the competitors do not offer the level of simplicity of VectorVest.

Trade Management ★★★★✩

VectorVest software is straightforward to use because it is designed to promote the Value, Safety, and Timing system. This means they have a minimal variety of stock market indicators; they provide only what is needed to trade within their VST system parameters.

VectorVest Scanning and Screening ★★★★✩

VectorVest continually evaluates every stock on the exchanges they cover to provide their propriety ratings.

  • RV Relative Value shows the estimated return versus a AAA Corporate Bond.
  • RS Relative Safety measures the consistency of a companies financials.
  • RT Relative Timing is a technical indicator that attempts to define the short-term trend of a stock.
  • VST Value-Safety Timing indicator is an aggregation of RV, RS, and RT, essentially rolled up into one number.
VectorVest RV, RS, RT & VST Stock Rating System
VectorVest RV, RS, RT & VST Stock Rating System

VectorVest News & Social ★★✩✩✩

VectorVest does not have any specific features to enable social chat or community within the software.  They do, however, provide a weekly market update to subscribers; these are available on youtube. Some of their customers complain about the cost of the training courses available through VectorVest and the constant focus of VectorVest trying to sell the courses and add-on products.

Vectorvest Technical Analysis ★★★✩✩

VectorVest has around 20 technical indicators and drawing tools, including:

  • Trendlines, Gann & Fibonacci
  • Moving Averages, Momentum, RSI, and Stochastics

If you are an experienced technical analyst who wants to perform detailed charting analysis, you may need to look at MetaStock with 300+ indicators or TradingView with 160+ indicators.

Visit VectorVestRead the Full VectorVest Review

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Stock Software Rankings by Category

Top 6 Best Stock Trading Platforms

  1. TradingView: Best for Global Stock Crypto & Forex Trading from Charts
  2. Trade Ideas: Best AI Stock Market-Beating Trading Signals USA
  3. Benzinga Pro: Best for Trading Real-time Breaking News
  4. TC2000: Best for Trading Stocks & Options From Charts USA
  5. Scanz: Good Trading & Scanning Platform for IB & TDA Clients
  6. Stock Rover: Best for Stock Research, Screening & Portfolio Mgt

View the entire 15 Stock Market Software Platforms Comparison & Results Tables

Top 4 Best Stock Analysis Software for Investors

  1. Stock Rover: Winner Best Stock Screener & Fundamental Analysis Software
  2. TradingView: Best for Screening & Analysis of Stocks, ETF’s, Fx & Cryptocurrency
  3. MetaStock: Best for Institutional Grade Financial Analysis & Screening
  4. TC2000: Best for Real-time Market Technical & Fundamental Scanning USA

Top 4 Real-time Stock News & Community Platforms

  1. TradingView: The King of Social Community Trading & Ideas Sharing
  2. Benzinga Pro: 8 Channels of Live Chat & The Best Real-time News
  3. MetaStock: Real-time News Service powered by Reuters Global
  4. Scanz: A Solid, Well Organized Real-time News Service

Top 5 Best Technical Analysis Software

  1. MetaStock: Best for The Most Powerful Technical Analysis, Charting & Indicators
  2. TradingView: Powerful Stock Charts & Large Selection of Indicators
  3. TrendSpider: Best for Automated Technical Analysis & AI & Machine Learning
  4. TC2000: A Great Charting Platform & Ability to Create Personal Indicators
  5. Optuma: Great for Exotic Charts Like Gann, Elliott Wave & Darvas Box

5 Best Stock Market Prediction Software

  1. Trade Ideas: Winner – Proven AI-Driven Trade Prediction & Forecasting Signals
  2. MetaStock: Excellent Market Prediction, Forecasting & Backtesting
  3. TradingView: Create Any Backtesting System You Need with Pine Script
  4. TrendSpider: Best for Using AI to Detect Chart Patterns to Backtest.
  5. Optuma: High-Quality System Backtesting & Statistical Analysis

4 Best Stock Trading Platforms for Beginners

  1. TradingView: Best Stock Market App for Beginners, Easy to Use & Helpful Learning Community
  2. Stock Rover: For Beginner Investors, the Easiest & Best Stock Screener & Portfolio Management Software
  3. TC2000: Built-in Templates Get Beginners Up & Running Quickly
  4. TrendSpider: One-Click & It Works, A Smooth Clean Interface & Good Support Ensures a Good Experience

What is the Best Computer for Stock Trading?

You do not need a powerful computer to trade stocks as modern stock software runs in the cloud, relieving the burden of processing from your PC. However, if you run trading software on your PC and process a lot of data locally with software like MetaStock or Optuma, you will need the latest generation of processors. I do, however, recommend multiple monitor screens for all stock trading.

So now it’s over to you. Did you find this review useful, do you agree or disagree, have you found better software to be included in the review? 

Let us know, leave a comment below, or share it with friends.

Notes on the Review: Liberated Stock Trader partners with the best companies in the investing business.  See our Partners Page for more information.

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60 COMMENTS

  1. These software are really good. The role of Equity makes a huge difference. You have described it in a very simple and easy way that how it works and what are the things that we need to keep in mind. Thanks for sharing this information about Stock. Subscribed!

  2. Thanks, Barry for writing this. I enjoy reading the article. Many things are described so well which helps me to understand the topic so eaasily. Great work.

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