What is Benzinga Pro? 

Benzinga Pro is an advanced news aggregator platform that was established in 2010 by Jason Raznick. The tool is used by over 25 million users every month, including features like a stock screener and chat function. Benzinga Pro has remained a top asset for investors and has received a lot of positive reviews. 

The real-time news platform provides investors with everything they need, including watchlist alerts, scanners and screeners, and more. It’s a suitable tool for carrying out fundamental analysis and block trades. Aside from stock analysis and live news feed, Benzinga.com has a Premium Newsletters feature, which will provide subscribers with winning trades delivered directly into their inboxes. 

There are different options offered by Benzinga, including Benzinga Options Trades, Benzinga Stock Picks, and Benzinga Breakout Trades. 

Who is Benzinga Pro Best For? 

If you’re reading this Benzinga Pro review, then you are probably wondering if this news feed platform is suitable for you. This tool is suitable for active investors because they need real-time quotes, scanners, and news. 

It is also best for short-term swing traders who want to take advantage of sentiment changes. It is also suitable for fundamental traders who depend on news and metrics rather than only price charts. In general, any investor or trader who needs up-to-date news and market information can benefit from Benzinga.com. 

Benzinga Pro Login and Sign-Up Process 

To get started, you can follow the Benzinga Pro login process as a new user. The newsfeed platform offers a 14-day free trial, but after the trial, you have to pay for one of its plans. The free trial does not require any credit card.

1. Open the Benzinga.com/pro website.
2. Click on the Login button and navigate to Sign Up.
3. Enter your first and last name, phone number, email address, and password. You can also decide to login with Google or Apple.

Features of Benzinga Pro 

Benzinga Pro comes with a simple platform that you can easily navigate. The newswire platform has a wide range of features that will benefit users.

News Feed 

The Benzinga news feed is the highlight of the platform, offering a real-time live news feed. It might appear like any other news aggregator, but Benzinga features a dedicated news deck rather than solely relying on platforms like Yahoo! Finance and MarketWatch.

You can easily customize your Benzinga news streaming to focus on particular events, companies, and sectors. This helps investors to avoid getting distracted by news that they don’t need. You can quickly make decisions by focusing on the news and information you need.

Some of the filters you can use on Benzinga Pro include PreMarket, topline results, reverse stock split, Benzinga after hours, and FDA approval. 

Pre-Configured Work Spaces 

When using the Benzinga research tools, you can create your own workstation, which gives you complete control over all your tools. The user-friendly and intuitive workspaces are designed by users, allowing them to decide what they see. You can customize the sections of the workspace based on your investment needs.

Investors who don’t want to spend time customizing their workspace can go for one of the pre-configured workspaces instead. When editing your workspace, you can set up particular news stories and alerts to be highlighted so you can easily identify them when they happen. You can also use more than one workspace based on your specific needs.

News Feed Filtering 

When using the Benzinga news feed platform, you can set up advanced news feed filtering. This is a much better news filter that allows you to sort out your search based on pricing, fundamental data, and volume. So, it increases your chances of finding the assets you’re looking for.

You can combine the news filters with the different categories to make your search more comprehensive. For instance, you can set filters for news with Approval under Nasdaq, with a market cap below $10 million, a maximum stock price of $100, and over a million in share volume.

The three main categories are sources, categories, and sectors. It features six news sources, allowing you to carry out a broad search on all of them at once. As for categories, you can use this to limit the results with filters like Hot and Loss. You can also search for sectors by broad sector and niches like Healthcare or CBD.

Daily Newsletters 

Benzinga Pro offers daily newsletters sent to your email, so you can always stay up to date with the latest news articles. It includes pre-market outlooks, after-market roundups, and mid-day updates. If you don’t want to visit the platform regularly, you can rely on the newsletters to get the latest market news.

One of the best newsletters to sign up for is the analyst rating newsletter. This provides a summary of the major changes in stock ratings, all compiled by major analysts. So, if you want input from analysts, you can use this feature.

Corporate Calendar 

Another feature offered to subscribers on Benzinga.com is the corporate calendar, which is highly useful in finding information about the companies that you follow. You can use the calendar to view the announcements and events from specific companies. 

With the calendar, users can check dates for scheduled events like stock splits and quarterly retail sales numbers. You might think that many trading platforms have a corporate calendar, but what separates this from others is their wider range of parameters. You have a calendar of past, present, and future events.

Some of the events that you can find in the corporate calendar include earnings, SEC filings, stock splits, analyst ratings, dividend payouts, and sentiment indicators. It’s a helpful tool for staying up to date.

Squawk Box 

One of the highlights of getting the Benzinga subscription is the Squawk Box. This is a powerful feature that provides quick audio alerts and is especially suitable for short-term traders who want to receive information from multiple charts simultaneously. 

But keep in mind that the squawk box is limited to repeating the basic numbers for the market day and nothing more. Fortunately, this allows you to receive news without changing your charts. It’s best for day traders and other short-term traders.

Stock Screener 

You can also look out for the Benzinga stock screener, which is a relatively new feature. While the stock screener is simpler since Benzinga is not targeted toward stock screening, it’s a useful feature that can be used to find the biggest winners and losers in stocks.

The Benzinga stock screener comes with different filters like Session and Time Period, which allows you to carry out basic stock checks, whether the market is open or closed. Some of the updates include Wall Street analyses, breaking news, press conferences, important interview comments, and economic releases. It helps you stay updated while you focus on other work.

Alerts and Signals 

Benzinga Pro comes with alerts and signals for a faster active trading experience. This feature allows you to set alerts for practically every aspect, and you can set email, desktop, or sound alerts depending on your needs and for different events. For instance, email alerts can be for news and desktop alerts for changes to your watchlist. You can also set alerts for price movements, trading opportunities, and stocks on your watchlist.

Another feature of Benzinga Pro is the signals, which can help you identify market activity that affects asset prices. The signals include:

• Block Trades: You can set signals for sizable trades of 10,000 shares or a total value of $200,000 or more.
• Price Spikes: This represents sharp short-term movements under five minutes.
• Halt/Resume: This is a signal that offers a notification whenever the stocks resume or pause trading.
• Highs/Lows: You get this alert when there are important peaks and troughs to a stock price, like 52-week highs.
• Option Activity: This is a signal that offers notification for option trades like sweeps and large blocks.
• Opening Gap: This is a notification for large opening gaps, which can mean pent-up weakness or strength. 

Market Movers 

You should also look out for the Benzinga Market Movers feature, which is useful in helping investors find the biggest losers and gainers in the stock market. It comes with an API for searching and filtering for assets that are market movers.

A market mover is an event that can change the performance of a market and also influence price movement. The Benzinga pre-market movers allow you to find the top gainers and losers from different time periods, market cap, sessions, and sectors. 

Unusual Options Activity 

The Benzinga Unusual Options Activity feature is another one to look out for. This is a signal that will occur when the trading volume of a contract increases or when the options flow of a sector goes beyond its average. The usual activity occurs when investors suspect the asset’s price is going to change.

If you’re a Benzinga Pro subscriber, you can access the Benzinga Option Activity Signal, which will give you alerts for large block trades and option sweeps. There are also real-time options trade alerts. You can refine your trading options based on your watchlist, sector, volume, and dividend yield. 

Watchlist 

Another Benzinga research tool is the watch list, which is a list of stocks that you can use to track positions, stocks, and potential trades in particular industries. You can make as many watchlists as you want, giving you an outlook on how the stocks are performing.

The watchlist features include real-time updates, as they can update in real-time with the current volume or price. You can also set alerts to know when the stocks in your watchlist land on the newsfeed. The watchlist has an auto-refresh feature, so you can always stay updated without having to manually refresh.

Integrated Charting 

Benzinga Pro also comes with an integrated charting platform. This is a reliable charting system that allows you to analyze the price movements and add technical indicators to your day trading strategies. The charting tool is based on TradingView‘s platform and supports different time frames, including minute, hourly, daily, weekly, and monthly.

Some of the chart types include bar charts, hollow candles, HLC charts, candlestick charts, area charts, and heikin ashi charts. There are also over 100 trading indicators on the charts, including VWAP, Trading Volume, True Strength Index, EMAs, and Stochastic RSI. You also get access to different drawing tools, annotation types, and chart layouts.

Chat Rooms 

Getting a subscription with Benzinga Pro also offers different trading chat rooms. These chat rooms include Benzinga Pro Lounge, Benzinga TV, Benzinga Pro Day Trading, Benzinga Bootcamp, Benzinga Crypto, Benzinga Pro Community Support, and Benzinga Pro Options.

There are also chat channels like Trades by Anne-Marie Baiynd, Exclusive for Pro Subscribers, Benzinga Crypto, Benzinga Options, Off-topic Discussion, Benzinga Options Inner Circle, All Benzinga Shows, Day Trading Idea Generation and low float trade ideas. The chat room is suitable for traders of all skill levels, where they can ask questions, connect, and share ideas. 

Benzinga Premium Newsletters 

Active investors and traders in the market can use the Benzinga Premium Newsletters feature, which is a reliable source. The Benzinga newsletters come with curated services that will keep you informed on different matters in trading.

The newsletters are subscription-based email services, all providing you with expert analysis, trade ideas, and market insights. They would meet the needs of any investor as they come with ideas for all kinds of trading styles.

Some of the newsletters include Benzinga Stock Picks, Benzinga Breakout Trades, and Benzinga Options Trade. These focus on different trading strategies, so you can pick the one that meets your investment goals and risk tolerance. 

The Benzinga Premium Newsletters are provided at $97 per year. When you subscribe, you will receive two or more expert trade ideas per newsletter, detailed analyses like market analysis and insights explaining the specific picks, educational content and trading strategies, expiration dates, and ideal prices for option trades. 

You should subscribe to the Premium Newsletter if you’re a beginner or intermediate investor. Advanced investors will also find the insights and news very valuable. It is suitable for both high-risk and low-risk investments, smaller and larger gains, and more.

How Much is Benzinga Pro? 

If you’re thinking of signing up, you need to consider the Benzinga Pro pricing, which is a reasonable platform offering good value. It comes with three subscription plans and a 14-day free trial, which is suitable for those who want to test the platform before signing up. It comes with monthly or annual billing.

Basic 

The Basic plan is offered at $37 per month or $30.58 per month for annual billing. The features include real-time quotes from Nasdaq, chat, full newsfeed but with no advanced filtering, watchlist alerts, Benzinga Market Movers, and premium articles from Benzinga.com. 

Essential 

This is the second-tier plan and is the most popular option. It is suitable for most traders regardless of their trading style. The Benzinga Pro cost for this plan is $197 per month, but the annual billing is $166.42 per month, with a 16% discount. It is recommended that you use this plan as it will meet your trading needs.

The Benzinga Pro price for the Essential plan comes with real-time quotes from Nasdaq Basic, a real-time scanner, advanced newsfeed filters like Price, Float, and Volume, audio squawk for equity and options, a real-time scanner, signals, calendar, and unlockable bonuses. You can also get the add-on for Unusual Options Activity at $27.97 per month. 

Options Mentorship 

The third plan offered is the Options Mentorship plan, which is offered at $381 per month on annual billing or $457 per month. The plan includes all the features from the Essential plan, and Benzinga Unusual Options Activity is provided for free. 

It also provides trading mentorship and education from Nic Chahine, a leading trader, and access to the Options Inner Circle Chat Room. You can also get a Regular Market Overview of this plan. 

Benzinga App Review

Benzinga Pro offers a mobile app for Android and Apple devices, as well as a desktop app for Mac, Windows, and Linux devices. The app will allow users to view financial news, content, and market data while on the move. 

The Benzinga app is well-designed for easy navigation and will offer convenience. On Google Play, you can download the app called Benzinga Financial News & Data, which comes with a 4.7 rating from 1,640 reviews. You can also download the Benzinga app with the same name on iPad and iPhone devices. It has a 4.6 rating from 94 reviews. 

Another app that you can consider is the Benzinga Connect, which allows investors and traders to have meetings and explore investment opportunities. 

Benzinga Pro Reviews from Real Online Users 

It’s a good idea to check out Benzinga Pro reviews from reputable platforms and sources before you sign up. Fortunately, it has a good reputation and has received positive reviews from users online. 

On Trustpilot, Benzinga Pro has a 4.3 rating from 573 reviews. It is also a verified company on Trustpilot. Many of the positive reviews praise the platform for its chart reading, morning sessions, and more. 

It has also been reviewed by reputable blogs like WallStreetZen, which gives it a rating of 4.5 stars. It also has an 87% rating from saasgenius.com. 

Benzinga Customer Service and Security 

Customers can easily access support from Benzinga Pro through phone, chat, and email. The Benzinga customer service is accessed through the phone number (877) 440-9464. On the website, you can click on the chat bubble in the bottom right corner of the screen. 

You can easily cancel a Benzinga Pro subscription in the Account settings. Then, you can click on billing and navigate to the option to Cancel Subscription. In terms of security, Benzinga Pro is a trustworthy and secure website that will keep your personal information safe. 

Is Benzinga Pro Worth It? 

If you’re wondering, is Benzinga worth it, the answer is yes for active traders and investors. Benzinga Pro is a suitable option for all kinds of investors and traders, providing real-time news, advanced news alerts, and actionable trade ideas. It is also easy to use with competitive pricing. 

Another highlight that makes it worth it is the Benzinga Pro, which has a built-in chat room feature with multiple channels. Furthermore, the stock calendar allows you to stay up to date with the latest news and market data. It’s worth it for momentum traders and day traders. It’s also suitable for those who want quick access to news. 

Is Benzinga Pro Legit? 

Benzinga Pro is a legitimate platform that you can depend on to receive the latest news updates and market information for different sectors. It is based in Detroit and has about 25 million readers every month, which is a testament to its reliable service.

It was purchased by Beringer Capital, a private equity firm, in 2021, but Jason Raznick, the founder, remains the CEO with a significant ownership stake in the company. It is suitable for US stock traders and is a dependable tool for research.  

Seeking Alpha vs Benzinga Pro

If you’re looking for alternatives, you can consider a Seeking Alpha vs Benzinga Pro comparison. Benzinga Pro is a premium service from Benzinga offering real-time news alerts that are suitable for momentum traders and day traders. On the other hand, Seeking Alpha is a reliable platform offering top-rated stock ideas that are suitable for long-term fundamental investors, dividend investors, and value investors.

As an alternative, Seeking Alpha is an investment research platform that covers stocks, dividend investing, ETFs, real estate, macroeconomics, cryptocurrency, and alternative investments. Although the Seeking Alpha newsfeed is not as robust as what is offered on Benzinga Pro, it offers portfolio tools, dividend screeners, earnings transcripts, and economic data.

Final Verdict on Benzinga Pro

With our complete Benzinga Pro review, you can see that the platform is a premier newsfeed and trading research platform with its own news team. It can break stories to traders very quickly, allowing investors to receive updates once they happen. If you’re unsure about using Benzinga Pro, you can sign up for the 14-day free trial and make up your mind.