By: Jeremy Biberdorf
April 5, 2022There are many investment apps out there and tools to help you make better decisions. You don’t have to choose just one, as you can use features from different platforms to help with your investments. We’re adding one more, Benzinga Pro, to the list. Why spend your money on an additional app? Is it worth it, and do the reviews justify the price? Let’s see.
What is Benzinga Pro?
Simply put, Benzinga Pro is a stock screener app. It’s very easy to use and has features that help you dissect financial news with functions such as activity scans and charting.
The platform is powered by Benzinga, a news provider, and gives you real-time updates so you get the information right as it's released. If you want to keep up-to-date with the financial market, we really suggest supplementing your tools with Benzinga Pro.
Benzinga Pro VS The Competition
Other apps and financial platforms offer similar features to Benzinga Pro, so should you choose this platform?
Benzinga Pro | The Bloomberg Terminal | ||||
|---|---|---|---|---|---|
Price | $27/month to $347 per month | $199/year | $34.95/month | $29.99/month | $2,000/month |
Real-time News | Yes | No | Yes | Yes | Yes |
Chart Analysis | No | Yes | Yes | Yes | Yes |
Benzinga Pro Price
As far as costs go, the Benzinga Pro price looks pretty reasonable, especially when you compare it to The Bloomberg Terminal. Let’s check out the pricing plans available and what you get with each one.
Free
It’s not surprising that the Free plan is FREE! Although it’s free to sign up, free plans usually only give users access to the basics, and it’s true for Benzinga Pro.
You will gain insight into Nasdaq Basic, but the quotes will have a 15-minute delay. You can look through the BZ Wire Newsfeed, but you will not have access to filters or the search function. Other features of the Free plan include:
- Watchlist
- Chart
- Key stock stats
- Movers list
Basic $27/Month
We then move to the Basic plan, which will cost you $27/month. In all honesty, we still feel that this is pretty reasonable, especially since you get to check out the premium articles on Benzinga.com, which have proven to be pretty educational. You can also get:
- Full newsfeed
- Nasdaq Basic (still with a 15-minute delay)
- Movers
- Watchlist alerts
Essential $177/Month
The Essential is the most popular plan offered by Benzinga. It gives the everyday user access to the best functions without paying a premium.
- The Essential plan offers:
- Real-time Nasdaq Basic
- Advanced newsfeed with search and filtering
- Real-time scanner
- Equity and options (Audio Squawk)
- Unlockable bonuses and more
Options Mentorship $347/Month
The Options Mentorship plan is for the users who really want to learn something and get involved. You would get everything the Essentials plan offers plus:
- Trading mentorship and education from a leading trader - Nic Chahine
- Options Inner Circle Chatroom
- Unusual Options Activity included (it’s an add-on for the Essentials plan)
- Regular market overview
Is the Benzinga Pro Cost Worth It?
Benzinga Pro has garnered high ratings across the board, with a minimum of at least 4 stars. The Apple Store score is 4.6 with almost 1000 ratings.
The Benzinga Pro cost is entirely up to you. You can opt for the Free plan if you just want to test out a sample size of the app. The very affordable Basic plan can offer you a bit more, but we really suggest going for the Essential plan for invested traders.
Overall, we definitely think the Benzinga Pro price is worth it. With the correct plan, you will have access to real-time market updates, a real-time scanner, and an advanced newsfeed to keep your finger on the pulse of all the action.
What really makes Benzinga Pro advantageous against competitors is its reporting speed. It breaks stories faster than the rest, which makes sure you can make moves before everyone else.
The people who should really go for Benzinga Pro are the more active among the traders. Trend traders can find some benefits as well as will financial firms.
You may also wonder if the Benzinga Pro cost is worth it if you’re just a small-time trader. Let’s say you don’t have more than 10k to invest, then we wouldn’t suggest the Essentials plan as we mentioned above. The annual cost alone would take a pretty sizeable chunk out of your capital (keep in mind that the prices we mentioned are monthly).
If you don’t have a hefty portfolio, then we would suggest the Basic or even the Free plan just to test things out.
If you have a pretty decent investment sum, then getting the news first-hand before anyone else will help you make the right moves. In this case, we would definitely suggest the Essential package at the very least.
Final Takeaway
Benzinga Pro can offer something for the small fry and the big fish in the trading and investing world - it all depends on the plan you choose. Is it worth it to get notified of rumors, announcements and news before they drop? Of course! Benzinga Pro is definitely worth it in our opinion, and you can get started right here.
