Trade Ideas is one of the best-made stock screeners we’ve ever come across. It makes good use of artificial intelligence combined with years of competence to deliver accurate trade ideas.
But before you sign on the dotted line, why not cross-shop these screeners? Some of them are quite well-made and have got even better charts and news alerts.
Launched in 2018, TrendSpider might easily be dismissed as an underdog. But is it?
What we know is that the developers behind this system have invested a lot in building a smart platform that relies heavily on machine-learning.
The platform’s charts are worth sampling out. Not only are they easy to use but you can also choose whether to use them in dark or light layout.
What’s more, if you’re always busy at work, all you need to do is activate the automated charting tool. And if you still crave more flexibility, the provided technical indicators will be of great help.
- Great AI use
- Highly customizable features
- Good customer support
- Easy trendline identification
- Lacks adequate learning materials
- Still considered an underdog
2. Black Box Stocks
If you’re looking for a system that combines AI with advanced market data, this might just be the perfect pick for you. They also boast some good charts which can be adjusted in time intervals ranging from monthly to 1 minute.
What’s more, the Black Box Stocks team provides you with volatility indicators that you can use to keep your fingers on the market pulse.
Plus, if you’re into options trading, the options scanner provided by this platform gives you the edge you need to make the big bucks.
- Ideal for stocks and options
- Relatively easy-to-use platform
- Webinars provided for training
- Helpful community
- Lively chat room
- No app available for mobile use
- Regular banters in chat room
3. Finviz Elite
The problem with most stock screeners is that they provide you with too much information at any given time. It’s unfortunate to say that there’s not much you can do when you’re overloaded with data.
FinViz is designed to try and strike a balance between two things – information and simplicity. We particularly love the platform’s heat maps as they make it quite easy to sift through tons of market data.
The platform’s watchlist is also highly accurate. But to make the most of it, you’re better off filtering out data using the built-in filters.
For instance, you can filter out stocks based on things like market cap, candlestick patterns, beta, average volume, RSI, etc.
- Helpful heat maps
- User-friendly user interface
- 30-day money-back guarantee
- Customizable watchlists
- Watchlists can be overwhelming
- Free service comes with lots of ads
4. Yahoo! Finance
The Yahoo! Finance stock screener is part of the rich package that comes from Yahoo! As you know, Yahoo has got one of the richest supplies of fresh data out there. So, you’d expect their screener to be equally good.
The first thing we love about this platform is the fact that it gives you the flexibility you need to create the different kinds of screeners you need. There are screeners for stocks, ETFs, and even mutual funds.
Plus, using the system’s well-thought-out features, you can pin-point key statistics, highlights, and even valuation measure filters.
And the best part – if you’re feeling lazy, you can take advantage of the premade screeners.
- Absolutely free of charge
- Well-made tools and functionalities
- Awesome mobile application
- Real-time quotes provided
- Helpful, free streaming data
- Limited screening criteria
- Premium version is prohibitively expensive
This scanner is often likened to Trade Ideas thanks to its highly reliable market scanning abilities. Besides that, Scanz is a popular choice for traders looking for level 2 data, news feed, and streaming data.
Of course, it’s no match for Trade Ideas but it’s still worth trying especially if you’re on a tight budget. In fact, the best part is that it’s available on a free 7-day trial with no credit card needed – how cool is that?
The Scanz newsfeed feeds from more than 100 news sources. And with extensive reporting on SEC filings, it can only be likened to Benzinga Pro.
We honestly believe that Scanz is underrated.
- Comes with Level 2 data
- 7-day free trial provided
- Separate tiers for scanner and news
- Fantastic charting tools
- Good data speed (no latency)
- Lacks pre-made scanners
- OTC market data comes at extra cost
Ninth on our list of Trade-Ideas alternatives is TradingView. It’s a stock charting and analysis system that enables you to compare price charts from different markets.
Besides stocks, TradingView provides you with insights on bonds, cryptocurrency, and currency pairs. So, it’s fair to say that this is not just a stocks screener but a forex screener as well.
Yet another feature we absolutely love about this tool is its downloadable app. This app enables you to access the tools and alerts even while you’re on the move. And that’s really convenient if you’re tired of being glued to an office desk all day long.
Lastly, TradingView comes with some really well-made charts. They are customizable and highly functional.
- Awesome customizable options
- 30-day trial period
- Subscription can be paid using BTC
- Integrated with a few brokers
- Excellent mobile app
- Pricey premium tier
- No access to level 2 data
STT has got tiny bits of everything a day trader needs. We’re talking about level 2 data, chat room, watch list, training, charts, paper trading, and so forth.
Just like Trade-Ideas that use the AI tool called Holly, STT uses a proprietary algorithm tool called Oracle. Oracle provides you with 1-click access to the 15 most traded stocks of the day.
Plus, each one of them comes with predetermined entry and exit points. However, unlike Holly, it doesn’t give you the chance to adjust your AI trading strategy according to your risk appetite.
Other features we absolutely love about StocksToTrade include the fact that it provides you with the opportunity to paper-trade. Plus, the charts are quite well-done – they load smoothly and provide you with useful insights and tools.
- Useful tools and features
- High-quality paper trading tool
- Easy for anyone to use
- Data is saved in the cloud for easy access
- Regularly updated
- The software lags sometimes
- Doesn’t come cheap
8. Benzinga Pro
Known for its powerful newsfeed, Benzinga Pro is a really close competitor of Trader Ideas’. The news loads pretty fast plus you can always customize it using filtering tools that are readily provided.
The platform has become so popular lately that it often receives more than 2,000,000 visitors a month.
That growth is probably due to the well-thought-out features that make Benzinga unique. We’re talking about things like the Nasdaq Basic Real-Time quotes, Sentiment Indicators, and Audio Squawk (which reads the written news for you).
And of course, besides stocks news, Benzinga Pro also provides you with updates on SEC filings and press releases.
So, if you’re into trading high impact news on stocks, there’s no doubt that Benzinga Pro would be a good platform to belong to.
- Customizable notifications
- Regularly updated newsfeed
- Can be used on any OS
- Filters provided for customization
- They have ads on their site
- Not much for technical analysis
9. Stock Rover
Stock Rover is an “animal” that scours the stocks markets for you and draws your attention to potentially good investment opportunities. Of course, it picks the opportunities based on your preferred style of trading and risk appetite.
Indeed, one thing we like about Stock Rover is that it’s highly customizable. This goes a long way in ensuring that the massive data being relayed on the platform doesn’t crowd the user interface.
For example, the system provides you with 3 view types namely – Table, Insight, and Chart. All you need to do is switch between them as you like.
Long story short, Stock Rover is a good place to discover stock ideas. It’s got lots of data – and the best part is that it comes with easy-to-use customization features enabling you to only get updates that matter to you.
- Easily customizable
- Flexible charts
- 650+ financial metrics
- Powerful reporting capabilities
- 10+ years of historical data
- Some find the layout quite overwhelming
- More technical indicators needed
10. Hammerstone Markets
This platform is, just like Benzinga Pro, really big on news. In fact, the only reason why it’s not as popular as its nemesis is that it was primarily available to portfolio managers, hedge funds, and financial institutions.
Only recently did it become available to the public. Now you can use the power of this FINRA-compliant messaging platform to get an edge in the markets.
There’s no doubt that this platform is awash with stocks news updates at any given time. Fortunately, the developers behind it have outdone themselves by introducing keyword-based filters.
- Lighting fast news updates
- Keyword-based filters
- Can be tried for free (14 days)
- Built-in squawk
- Reasonably priced
- No broker integration
- No entry/exit alerts, just news
The bad news – no stock screener in the world will make you a pro overnight. The good news – with the right screener, you can easily spot prime opportunities ahead of everyone else. And as you know, this advantage can make a significant difference in your earnings.
Trade Ideas is a great screener. But in case you’re looking for its alternatives, we’re glad to confirm that tens of them exist!