This research reveals hundreds of stock software programs offer charts and indicators; the best stock software is differentiated by powerful fundamental stock screening, market scanning, backtesting, forecasting, AI chart pattern recognition, and real-time stock news.
As a certified market analyst researching, trading, and investing for 21 years, I have built the web’s most detailed stock trading software review, comparing and testing over 1200 different features and functions across 30 products.
This hands-on stock software rating and testing will help you identify the right tools for your trading and investing needs.
Best Stock Software 2021
- Best Stock Software Overall: TradingView
- Best Stock Analysis Software for Investors: Stock Rover
- Best AI Stock Prediction Software: Trade Ideas
- Best Stock Program for Trading Breaking News: Benzinga Pro
- Best Trading Platform & Community: TradingView
- Best Stock Technical Analysis Software: MetaStock
- Best Automated Stock Chart Analysis Software: TrendSpider
- Best Automated Stock Trading: Trade Ideas
- Best Stock Trading From Charts Software: TradingView, TC2000
- Best Stock Software for US Investors: Stock Rover
- Best Stock Program for Backtesting & Forecasting: MetaStock, TradingView
- Best for International Traders: TradingView, MetaStock
The Best Stock Software Review 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.
Trade Ideas is the best Automated trading software; using the Brokerage Plus program, you can automatically trade the Holly AI algorithm signals 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.
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 right stock software for you is based on your needs.
1. TradingView: Winner Overall Best Stock Software
TradingView is an easy-to-use, powerful platform that supports all international stock markets. TradingView is designed for traders who value a great price, powerful chart analysis, backtesting, and a large social community.
|TradingView Rating: ★★★★★||Price: $0-$59/m|
|★ Great Technical Analysis Charts||✘ No Real-time News|
|★ Social First, Chat, Publish, Follow||✘ Watchlist Customization|
|★ Good Backtesting & Screening|
|★ Easy to use|
|★ Crypto, Forex, Stocks Globally|
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, analyses, and chat with other traders. I also do strategy development and backtesting on TradingView.
TradingView Pricing & Software
TradingView is available for free, but there are limitations with charts, screening, and indicators. The PRO+ service is $19 per month and has extensive benefits, including multiple devices, screens, charts, and post-market data.
The benefits of TradingView are fast data speeds and global stock exchange coverage. TradingView covers Stocks, ETFs, Funds, Futures, Forex, Bonds & Cryptocurrencies globally, making it a good 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, meaning 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 mobile 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 stocks, Forex, and Cryptocurrencies. There are 48 different fundamental criteria and 96 technical variables available. TradingView also includes 48 different economic indicators available through the Federal Reserve Database (FRED), including the Federal Funds Rates and World Economic Growth.
TradingView Community & Platform
TradingView has over 13 million active users sharing ideas, charts, and chats. There are thousands of groups discussing financial markets. The TradingView community is an excellent way to generate ideas and learn from other traders.
TradingView also has newsfeeds integrated, including Reuters, MTNewswires, Benzinga, and DailyFX. The newsfeeds are not real-time but do add value.
TradingView is the King of Social Trading with the biggest and most active trading community.
TradingView Technical Analysis
TradingView has over 160 different stock chart indicators and unique charts such as LineBreak Charts, Kagi Charts, Heikin Ashi, Point & Figure Charts, and Renko Charts. As an advanced technical trader, you will be well served.
With the Premium membership, you also get Level II insight, fully integrated. As a tool for technical stock analysis, TradingView is an industry leader?
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
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 many indicators and systems from the community for free.
I have implemented my MOSES (Market Outperforming Stock ETF Strategy) into TradingView. TradingView enables you to create any system or strategy using Pine script easily. Below you can see 3 MOSES Strategies compared with the equity curve. This MOSES system beat the NASDAQ 100 by 100% over the past 24 years.
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.
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 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 thing you cannot do is forecast and implement Robotic Trading Automation. For stock market forecasting, you are better off with MetaStock. For Robotic Trading Automation Trade Ideas is the best.
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 ready to go because TradingView works with a single click.
Video: Why I Think TradingView is the Best Stock Software
2. Stock Rover: Winner Best Stock Analysis Software for Investors
Stock Rover is ideal for USA Value, Dividend & Growth investors seeking innovative fundamental stock analysis, screening, and portfolio management software.TradingView enables the easy implementation of powerful investing strategies.
|Stock Rover Rating: ★★★★★
|★ 10-Year Financial Data||✘ No Social Community|
|★ Best Screening Criteria||✘ No Real-time Charts|
|★ Stock Scoring & Ratings|
|★ Value, Dividend & Growth Screeners|
|★ Easy to use|
Special 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 the Liberated Stock Trader Beat the Market Stock System.
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 Pricing
Stock Rover is available for free, but the real power is unleashed with the Premium Plus service, which is superior to competing stock screeners and less expensive. Stock Rover Premium Plus costs $27.99 per month and includes unlimited stock ratings, scores, analyst ratings, margin of safety scoring, a 10-year historical database, and investor warnings.
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 only for the USA & Canadian markets.
- 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, research and portfolio management on the market today.
Stock Rover Review Video
Stock Rover Portfolio Management
Stock Rover integrates 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?
Stock Rover is best at screening for stocks to build professional growth, dividend, and value stock portfolios. Stock Rover provides detailed research reports, historical screening, portfolio management reporting, rebalancing, and correlation.
If you manage your portfolio of stocks with multiple brokers, Stock Rover will also integrate them all into one view.
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 the most detailed 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 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.
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 analyzed most of the screeners, and they are very thoughtfully built. One of my favorites is the Buffettology screener.
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, including 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 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. Stock Rover has now added 15 technical indicators, and the head of business development at Stock Rover assures me they are adding many more indicators soon.
With over 154 different financial indicators and 15 technical analysis indicators, Stock Rover is not the best service for technical analysis or frequent trading. Still, it is 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 eight years.
I love Stock Rover so much that I spent 2 years creating a growth stock investing strategy that has outperformed the S&P 500 by 102% over the last eight years. I used Stock Rover's excellent backtesting, screening, and historical database to achieve this.
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 are the 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.
3. Trade Ideas: Winner Best AI Stock Prediction Software
Trade Ideas is best for active 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 AI platform has an audited track record of beating the market.
|Trade Ideas Rating: ★★★★★
|★ 3 AI Trading Algorithms||✘ User Interface|
|★ Market-Beating Audited Performance||✘ Takes Time To Learn|
|★ Exceptional Stock Scanning||✘ Choice of Indicators|
|★ Real-time Trade Signals|
|★ Auto-trading With AI Signals|
|★ Free Live Trading Room Access|
Special 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
Trade Ideas Standard costs $118 per month, or you can save $348 by going for an annual subscription costing $1068, a 25% discount. Standard includes a live trading room, streaming trade ideas, 10 chart windows, trading from charts, and 500 price alerts.
- Live Trading Room: Get free access to the live trading room.
- Real-time Streaming Trade Ideas provides 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. Premium provides the three Holly AI Systems, specific real-time trade signals, risk assessment, full backtesting, and integrated auto-trading.
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.
Trade Ideas is the most expensive software in this review because it offers the real possibility of beating the market using AI pattern recognition and establishing a trading bot to auto-trade on your behalf.
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.
The Trade Ideas Platform
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.
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.
So although it is clunky and some of the most important functions are hidden behind right-click menus in certain windows, you start to get used to the design after a few hours.
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.
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’ impressive performance averaged 23% to 33% profit per year for the last three years without using leveraged trades. According to my calculations, Trade Ideas Holly Neo outperformed the S&P 500 index benchmark by 16%.
I compared $50,000 invested in the S&P 500 SPY ETF versus day trading with Trade Ideas’ three AI Bots to test this performance.
|AI Performance||End Capital Oct 2021||Period Profit||Profit Per Year|
|Holly Grail (AI)||$71,186.00||42%||23%|
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.
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.
The charting is limited because Trade Ideas does all the work for you in the backend engine. Trade Ideas is not the best choice to perform your own independent, detailed technical analysis.
Automated AI Stock Trading
The Trade Ideas platform has a powerful 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?
No, Trade Ideas is not easy to use; it takes time to learn. I estimate at least four days of effort before you understand the platform. However, Trade Ideas help their new clients by providing excellent support, a live trading room, and personal one-on-one training sessions.
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.
4. Benzinga Pro: Best Stock Program for Trading Breaking News
Benzinga Pro is a unique stock program for trading real-time stock news. 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.
|Benzinga Pro Rating: ★★★★✩
|★ Best Real-time Stock Market News||✘ North America Only|
|★ Squawk Box Live Feed||✘ No Broker Integration|
|★ Real-time Alerts & Signals|
|★ Good Charts & Screening|
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
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.
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. 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.
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 & Newsdesk
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.
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 & Snapshots
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.
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.
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 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 for day traders and investors who want an actionable real-time news service, sentiment indicators, market scanning, and financial reporting to get a profitable edge in the market.
After using Benzinga Pro for five years, I can say the exclusive features like audio squawk box, chat to the newsdesk, and the powerful calendar suite, make Benzinga Pro worth it.
5. TrendSpider: Best Automated Stock Chart Analysis Software
TrendSpider is 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.
|TrendSpider Rating: ★★★★★
|★ Automated Trendline & Fibonacci Detection||✘ No Social|
|★ Automatic Multi-Timeframe Analysis||✘ No Auto Trading|
|★ Code Free Backtesting|
|★ Real-time Data Included|
|★ Stocks, ETFs, Fx, Crypto, Futures|
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 pricing starts at $44/mo for the Premium plan, Elite costs $87/mo, and Advanced costs $131/mo. Opting for a yearly subscription will reduce those costs by 16%, representing a significant saving.
All TrendSpider plans come with real-time data included, which can save you $12 per month. The Premium plan has multi-time-frame analysis and trendline pattern recognition for stocks, ETFs, currencies, and OTC markets, plus 25 alerts.
The Elite Trader Plan includes after-hours and pre-market data, OTC, Crypto, Forex, and Futures, plus 100 dynamic alerts and full backtesting, meaning you can apply the auto trendlines 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
TrendSpider’s 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.
6 Innovations Unique To TrendSpider:
- 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.
- Automated multi-time-frame analysis means viewing multiple time-frame charts on a single chart with the trendlines plotted automatically.
- Advanced plotting of support and resistance lines into a chart heatmap.
- Automated Fibonacci Detection & Mapping unique to TrendSpider
- Integrated backtesting of automated trendlines, showing win rate, profitability, and drawdown.
- Raindrop Charts are a unique and intuitive way to visualize volume profile or volume at price action.
TrendSpider has three big benefits:
- It saves traders and professional analysts a lot of time and can provide an edge in the market.
- It uses mathematics & AI to help traders spot trends they would have missed.
- It helps beginners to learn how to draw trend lines.
The latest innovation from the TrendSpider team is the market scanner, which enables you to scan a specific stock and the entire market for trades matching your technical criteria. Combining AI trend detection and analysis with scanning the whole stock market is a unique advantage.
TrendSpider takes a different approach to backtesting. The platform is built from the ground up to detect trendlines and Fibonacci patterns automatically, meaning it already has 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.
TrendSpider has also implemented a strategy tester that allows you to type what you want to test freely, and it will do the coding for you. It is a smooth and straightforward implementation.
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.
Integrated backtesting of automated trendlines, showing win-rate, profitability, and drawdown is a new addition and warmly welcome; the team has propelled 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.
Is TrendSpider Worth It?
Yes, TrendSpider is worth buying if you are a stock trader who wants to utilize cutting-edge automation for technical stock chart analysis. The automated pattern recognition of trendlines, Fibonacci, and candlesticks, plus backtesting, make it a compelling proposition.
|Try TrendSpider with a Free 7 Day Trial *||Read the Full TrendSpider Review|
6. MetaStock: Best Stock Program for Backtesting & Forecasting
MetaStock is best for stock traders who need real-time news, access to a huge stock systems marketplace, and the best technical stock chart analysis, backtesting, and forecasting. All international exchanges are covered & backed up with excellent customer services.
|MetaStock Rating: ★★★★✩
|★ The Best System Backtesting||✘ PC Only/No Mobile App|
|★ Largest Selection of Charts & Indicators||✘ No Broker Integration|
|★ Real-time Global News||✘ Poor Interface|
|★ All International Stock Exchanges|
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 pricing starts at $59/mo for MetaStock D/C daily charts, providing end-of-day data and the full analysis services. MetaStock R/T costs $100/mo and adds real-time data, news, and powerful global fundamental screening.
For traders performing chart analysis and backtesting on end-of-day data, MetaStock D/C is a good option. Demanding traders will opt for MetaStock R/T because it is the most powerful trading solution outside of a Bloomberg terminal, which costs ten times the price.
MetaStock R/T includes the Xenith platform in the price, which means you get real-time data, news, and fundamentals powered by Refinitiv for $100/mo. Refinitiv is the gold standard of international financial data worth $29 billion and is a subsidiary of the London Stock Exchange.
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 R/T, 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
MetaStock R/T Refinitiv integration means you get institutional quality real-time news, analysis, research, and economic outlooks. Refinitiv 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 forecasting based on market sentiment, are 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.
Is MetaStock Easy to Use?
No, MetaStock is not easy to use because it feels like 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 time to learn.
7. TC2000: Best Stock Trading from Charts Software USA
TC2000 is best for US and Canadian traders seeking rapid entire market scanning and screening, with excellent charts & indicators. TC2000 has an integrated brokerage, meaning you can trade stocks and options directly from charts.
|TC2000 Rating: ★★★★✩||Price: $0 – $90/m|
|★ Fantastic Charts & Indicators Selection||✘ No Social|
|★ Good Technical & Fundamental Stock Scanning||✘ No Backtesting|
|★ Trade Directly From Charts||✘ Brokerage Trades $4.95|
|★ Real-time Exchange Data|
|★ Very Good Margin Rates|
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 custom indicators and conditions without coding.
TC2000 runs on your iPhone, Tablet, Mac, or 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. TC2000 is a great solution if you trade US stocks, ETFs, or Options.
TC2000 Trade Management
The TC2000Brokerage offers stock trades at $4.95 per trade, which is quite expensive, but it does mean TC2000 has a tight integration for trading stocks from the chart and has good stock options trading visualization.
TC2000 is one of the best Stock Options analysis software programs, allowing you to scan and build options strategies seamlessly. You can scan on gamma, delta, expiration, options spread, and even short interest.
TC2000 Scanning and Screening
If you want fundamentals screened in real-time layered with technical screens 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.
Is TC2000 Easy to Use?
Yes, TC2000 is incredibly easy to use, which masks the power of the software. You will be up and running quickly and feel 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.
|Get TC2000 for Free||Read the Full TC2000 Review|
8. Optuma: Technical Analysis Software for Professionals
Optuma is for professional technical analyst traders who value Bloomberg terminal integration & exotic Gann, Point & Figure & astronomical charts.
|Technical Software Rating: ★★★✩✩||Price: $82 – $207/m|
|★ Great Technical Analysis Charts||✘ Separate Datafeed Required|
|★ High-Quality Quant Backtesting||✘ No Social|
|★ Gann & Seasonality Charts||✘ PC Only|
|★ Very Good Margin Rates|
Optuma is a technical analysis stock charting tool created by 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 Optuma, 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
Optuma has a fantastic array of 400+ technical indicators 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 :).
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 that connects all of Optuma is simple to use, and there are many detailed and helpful videos available to 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 Optuma||Read the Full Optuma Review|
9. Scanz: Easy to Use Real-time News & Technical Stock Scanner
Scanz is for day traders, who want a super simple and slick workflow, real-time streaming charts, news, unique Level II data, dollar volume information, and excellent broker integration.
|Scanz Rating: ★★★✩✩||Price: $149/m|
|★ Good Technical Analysis Charts||✘ No Social|
|★ Realtime News & News Scanning||✘ Expensive|
|★ Excellent Broker Integration|
|★ Technical Chart Market Scanning|
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 and the ability to scan entire markets for liquidity and volume patterns to find volatility that you can trade for a profit. This functionality makes Scanz a unique offering.
|Visit Scanz||Read the Full Scanz Review|
10. VectorVest: Scanning & Market Timing Stock Trading Software
VectorVest helps simplify market timing by providing buy and sell ratings on stocks in the US, Australia, and Europe. But beware, some customers complain about data integrity.
|VectorVest Rating: ★★★✩✩||Price: $69-$129/m|
|★ Simple to Follow System||✘ Limited Chart Indicators|
|★ Specific Buy & Sell Signals||✘ Expensive, Especially With Add-ons|
|★ Market Timing Signals||✘ Complaints About Data Integrity|
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.
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 News & Social
VectorVest does not have 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 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 20 technical indicators and drawing tools, including trendlines, Gann, Fibonacci, moving averages, momentum, RSI, and Stochastics. VectorVest’s chart analysis selection is very poor compared to other stock analysis software.
|Visit VectorVest||Read the Full VectorVest Review|
Stock Software Rankings by Category
6 Best Stock Trading Platforms Ranked
- TradingView: Best for Global Stock Crypto & Forex Trading from Charts
- Trade Ideas: Best AI Stock Market-Beating Trading Signals USA
- Benzinga Pro: Best for Trading Real-time Breaking News
- TC2000: Best for Trading Stocks & Options From Charts USA
- Scanz: Good Trading & Scanning Platform for IB & TDA Clients
- Stock Rover: Best for Stock Research, Screening & Portfolio Mgt
View the entire 15 Stock Market Software Platforms Comparison & Results Tables
4 Best Stock Investing Software Ranked
- Stock Rover: Winner Best Stock Screener & Fundamental Analysis Software
- TradingView: Best for Screening & Analysis of Stocks, ETF’s, Fx & Cryptocurrency
- MetaStock: Best for Institutional Grade Financial Analysis & Screening
- TC2000: Best for Real-time Market Technical & Fundamental Scanning USA
3 Best Real-time Stock News Software Ranked
- Benzinga Pro: Live Chat & The Best Real-time News
- MetaStock: Real-time News Service by Refinitiv
- Scanz: A Well Organized Real-time News Service
5 Best Technical Chart Analysis Software Ranked
- MetaStock: Best Selection of Charts & Indicators
- TradingView: Powerful Stock Charts & Indicators
- TrendSpider: Best for AI Automated Technical Analysis
- TC2000: Good Charting & Scanning
- Optuma: Exotic Gann, Elliott Wave & Darvas Box
5 Best Stock Market Prediction Software
- Trade Ideas: Proven AI-Driven Trade Prediction Signals
- MetaStock: Excellent Market Forecasting & Backtesting
- TradingView: Powerful Pine Script Backtesting
- TrendSpider: AI Chart Patterns & Backtest.
- Optuma: Quality System Backtesting & Statistical Analysis
4 Best Stock Trading Platforms for Beginners
- TradingView: Best Stock App & Community for Beginners
- Stock Rover: Best for Beginner Investors
- TC2000: Built-in Templates Get Beginners Up & Running
- TrendSpider: Automated Charting 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.