Is the Benzinga Pro cost worth it?

There are many investment apps out there and tools to help you make better decisions. You do not have to choose just one, as you can use features from different platforms to help with your investment. We’re adding another one, the Benzinga Pro, to the list. Why spend your money on an extra app? Is it worth it, and do the reviews justify the price? Let’s see.

What is Benzinga Pro?

In short, Benzinga Pro is a stock screening app. It is very easy to use and has features that help you dissect financial news with features like activity scans and mapping.

The platform is powered by Benzinga, a news provider, and gives you real-time updates so you get the information right as it is published. If you want to stay up to date with the financial market, we really suggest supplementing your tools with Benzinga Pro.

Benzinga Pro VS Competitions

Other apps and financial platforms offer similar features as Benzinga Pro, so should you choose this platform?

Benzinga Pro

Variegated fool

Morning star

Looking for Alpha

Bloomberg terminal

Price

$ 27 / month to $ 347 per. month

$ 199 / year

$ 34.95 / month

$ 29.99 / month

$ 2,000 / month

Real-time news

Yes

None

Yes

Yes

Yes

Diagram analysis

None

Yes

Yes

Yes

Yes

Benzinga Pro Price

In terms of cost, the Benzinga Pro price looks pretty reasonable, especially when you compare it to The Bloomberg Terminal. Let’s see the available pricing plans and what you get with each one.

Available

It is 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 that goes for the Benzinga Pro.

You will gain insight into Nasdaq Basic, but the quotes will have a delay of 15 minutes. 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
  • Diagram
  • Key statistics for shares
  • Movers list

Basic $ 27 / month

We then go to the floor plan, which will cost you $ 27 / month. Honestly, we still feel this is pretty reasonable, especially since you get to check out the premium articles on Benzinga.com, which have proven to be quite instructive. You can also get:

  • Full news feed
  • Nasdaq Basic (still 15 minutes late)
  • Movers
  • Watchlist alerts

Important $ 177 / month

The Essential is the most popular plan offered by Benzinga. It gives the daily user access to the best features without paying a premium.

  • The Essential plan offers:
  • Nasdaq Basic in real time
  • Advanced news feed with search and filtering
  • Real-time scanner
  • Stocks and Options (Audio Squawk)
  • Unlockable bonuses and more

Opportunities Mentoring $ 347 / month

The Options Mentorship plan is for those users who really want to learn something and get involved. You will get everything the Essentials plan offers plus:

  • Trading mentorship and training from a leading trader – Nic Chahine
  • Settings Inner Circle Chatroom
  • Unusual Options activity included (this is an addition to the Essentials plan)
  • Regular market overview

Is the Benzinga Pro worth it?

Benzinga Pro has achieved high ratings across the board, with a minimum of at least 4 stars. The Apple Store score is 4.6 with nearly 1,000 ratings.

The cost of the Benzinga Pro is entirely up to you. You can choose the free plan if you just want to test a sample size of the app. The very affordable Basic plan may offer you a little more, but we really suggest you go for the Essential plan for invested traders.

Overall, we definitely think the Benzinga Pro award is worth it. With the right plan, you get access to real-time market updates, a real-time scanner and an advanced news feed to keep your finger on the pulse throughout the action.

What really makes the Benzinga Pro advantage over the competition is its reporting speed. It breaks stories faster than the rest, ensuring you can make moves before everyone else.

The people who really should go for the Benzinga Pro are the more active ones among the dealers. Trend traders can find some benefits as well as financial companies.

You might also be wondering if the Benzinga Pro cost is worth it if you’re just a small trader. Let’s say you have no more than 10,000 to invest, then we will not propose the Essentials plan, as we mentioned above. The annual cost alone would take up a pretty large chunk of your capital (keep in mind that the prices we mentioned are monthly).

If you do not have a large portfolio, then we will suggest the basic or even the free plan just to test things out.

If you have a pretty decent investment amount, then it will help you take the right moves by getting the news first hand before anyone else. In this case, we would definitely recommend the Essential package at least.

Finally takeaway

Benzinga Pro can offer something for the small fry and the big fish in the world of trading and investing – it all depends on the plan you choose. Is it worth getting notified of rumors, announcements and news before they fall? Of course! The Benzinga Pro is definitely worth it in our opinion and you can get started right here.

Petrol comparison:

Benzinga vs Motley Fool

Related investment product reviews:

  • SoFi Invest Review
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  • Benzinga Pro review
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  • Variegated Fool review
  • The post is Benzinga Pro worth it? first appeared on Modest Money.

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