What is Benzinga Pro?
Is Benzinga Credible?
The Best Day Trading News Feed
Benzinga Competitors
While Benzinga Pro beats the competition on price, it focuses specifically on actionable US news for traders. While Refinitiv, Eikon, and Bloomberg provide a global financial newsfeed. Additionally, Bloomberg requires a dedicated hardware terminal.
| News Service | Benzinga Pro | MetaStock R/T Refinitiv | Reuters Eikon | Bloomberg Terminal |
| Real-time News | ✔ | ✔ | ✔ | ✔ |
| Price /month | $117* | $250* | $1,833** | $2,000** |
| Price /year* | $1,440 | $3,000 | $22,000 | $24,000 |
| Powerful Chart Analysis | ✘ | ✔ | ✔ | ✔ |
| Dedicated Hardware | No | No | No | Yes |
| Visit News Service | Benzinga | MetaStock | Refinitiv | Bloomberg |
As you can see, in terms of pricing for real-time news Benzinga Pro is half the price of its nearest competitor MetaStock Refinitv. However, MetaStock does come with compelling stock chart analysis, backtesting, and forecasting.
Benzinga Pro Cost
Benzinga Review – Free Service
Benzinga PRO Basic Service Review
Pricing – $79,- /month paid annually or $99,- /month
I will run through all the features available in the basic package and show how they can help your trading.
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.
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.
Categories in Benzinga Newswire
You can also select to get the news delivered from Benzinga partners; this includes many different news corporations and online outlets such as the New York Times and even seeking Alpha.Analyst Ratings- Bonds
- Commodities
- Dividends
- ETFs
- Earnings & Guidance
- Exclusives
- Forex
- Futures
- Hot
- IPO’s
- Insider Trades
- M&A – Mergers & Acquisitions
- Market Moving Exclusives
- Market Updates
- Options
- Rumors
- Short Sellers
- Small-Cap
- Startups
- Stock Splits
- Tech
- Trading Ideas
Newsfeed Alerts – Alarms On Specific Sectors Or Categories
Is Benzinga Pro Worth It?
Tips for Traders With A Small Portfolio.
If you have only $5,000 or $10,000 to trade or invest, it does not make sense to go for the Essentials Package for $117 – per month; this would eat up too much of your investment, so choose the Benzinga Pro Basic Package.
Tips for Traders With Larger Positions
If you have a more substantial portfolio with significant individual short-term trades in specific stocks, then you will want to know the news and sentiment before anyone else and have ringside seats to the corporate earnings announcements and rumors. In this case, you will want to go for the Essentials Package.
If you are serious about trading in the stock market and need real-time access to the news that moves markets, then Benzinga Pro is a realistically priced and extremely fast news service that is designed by traders for traders.
In this fast-moving world, this is an effective tool.
So, Benzinga may be a strange name for a business, but they are deadly serious about providing the best, fastest, and most cost-effective real-time news service to give you an edge in the market.
0 Comments