TipRanks
TipRanks is a comprehensive investing research platform that combines its tools and newsfeed with impressive insights from leading experts. The main purpose of the investing tool is to provide investors and traders with accurate and reliable financial information for their needs.
- Pros
- Extensive research: you can gain a lot of information that a typical broker won’t have
- Intuitive platform and app
- Expert TipRanks analyst ratings
- In depth screeners and filters
- Affordable pricing plans
- Cons
- Not especially suitable for beginners
- Risk of blindly trusting TipRanks analysts
If you’re reading this article, you might be wondering, what is TipRanks and is it worth my time? The trading research software combines some of the most wanted tools including a screener for stocks, ETFs, penny stocks and more, stock portfolio tracker tools, and trading ideas. TipRanks top 10 stocks and advice from leading experts is its main focus, making it suitable for new investors.
In this TipRanks review, we will answer questions you might have like is TipRanks premium worth it, how accurate is TipRanks, and is TipRanks worth it? We will dive into the key features, pros and cons of using this research platform. Let’s take a closer look.
Features of TipRanks
There are many features to expect when using this investment tool, but first, what is TipRanks? TipRanks is a platform that was founded in 2012, and takes information from individual investors, financial bloggers, investment advisors, Wall Street analyst rankings, hedge funds and corporate insiders to help in your research. By aggregating data from various resources, traders can access investment advice and financial data from one centralised dashboard.
Research Tools
TipRanks comes with a wide range of research tools that any investor would find useful to their experience. Whether you’re investing stocks, ETFs, cryptocurrency and more, there are tools that would assist in your research.
Top Stocks:
If you’re researching stocks, you can benefit from the TipRanks top 10 stocks list. This is a shortlist of stocks to consider if you’re a beginner and you don’t know where to stop. You can also look for stocks under the Smart Score list, TipRanks analyst ratings, top picks, and hot stocks.
Smart Score:
Another research tool is the smart score, which is based on an algorithm in TipRanks. Every individual stock on TipRanks is assigned a specific rating, helping beginners decide which one they want.
Daily Feeds:
TipRanks also offers daily feeds, a useful research tool for keeping up with the daily stock ratings and insider transactions. Investors can view what’s happening with their stocks every day, and can choose the stocks that they want to get daily updates on.
Comparisons:
There are tools on TipRanks that help you to compare different stocks and ETFs. You can compare stocks based on their type like high-dividend stocks, or the sector like electric vehicles or technology. The comparisons are arranged in charts or tables, with criteria like technical indicators, dividend information, performance, stock price targets, earnings data and analyst consensus. You can compare up to ten stocks or ETFs at a time.
Screeners:
The TipRanks stock screener is probably one of the highlights of the research tools on this platform. You can choose between different screeners like the stock screener, penny stock screener, ETF screener, technical analysis screener and more. The screeners are in-depth and allow you to filter based on a variety of inputs.
Newsletter:
If you’re wondering how to get TipRanks stock market analysis news and other updates, you can sign up for the newsletter. Called Smart Investor, this newsletter provides alerts, latest news and in-depth information on any stock you’re interested in.
Expert Center
One of the ways that TipRanks stands out from other research platforms is the Expert Center. With this tool, you can find and follow experts that you like, getting true market insiders reviews and advice.
The TipRanks analyst ratings are grouped into Wall Street analysts, financial bloggers, corporate insiders and hedge fund managers. Individual investors can also make their profiles public and share about the stocks or ETFs that they buy and sell.
The top 25 analysts are ranked based on how profitable their portfolios are, after all, you would only want smart investors’ daily reviews from the best. All the top experts are ranked based on their success rate, average return, and statistical significance. Then, TipRanks monitors their trades and transactions, and recommends this to you.
The expert ranking system is robust and comprehensive, allowing you to copy the trades of top experts and check if they are beating the S&P 500. Anyone wondering, is TipRanks Premium worth it, many traders would say yes simply because they can follow and copy experts. It’s especially suitable for beginner investors who are unsure of what trade to start with.
Smart Portfolio
The TipRanks portfolio tools are also robust, allowing you to manage your portfolio in one place, share it with others, and view what they are doing. The Smart Portfolio section would allow you to input all the holdings that you have. Then, it is analysed through the TipRanks platform to give you advice and research tips.
The portfolio can be viewed from one central dashboard. You can even allow TipRanks to take all the inputs gotten from analysing your portfolio and applying them. This way, you can find out whether you need to buy or sell some types of stocks or ETFs for a balanced TipRanks portfolio.
You can compare the performance of your portfolio with that of other people through the My Community Feature under Smart Portfolio. Also, if you want to show others what you’re buying and selling, especially if you’re making a profit and want to share your methods, you can make your profile public. If your performance is impressive, you might make it to the top 25 individual investors.
TR Ideas
Another section of TipRanks that would enhance your research is the TR Ideas. This is an aggregated section which combines the ideas and advice from the best-performing experts monitored by TipRanks. It recommends securities to invest in, and offers insight on when to buy and sell.
The TR Ideas covers stocks, ETFs, crypto, options and currency. Under each section, you can also have subjections like the top stocks based on TipRanks analyst ratings, smart scores, insiders, websites, gainers and losers, dividends and more.
If you’re looking to view trading ideas in one place, then you can navigate to this section.
News
One of the features well-praised in TipRanks reviews is the news section. TipRanks has combined a whole lot of news information, organized based on diverse categories and trending topics. Some of the categories include Market News, Stock Analysis and Insights & Ideas.
Another category is TipRanks Labs, which offers updates and insights on matters relating to TipRanks especially. Whenever there’s a trending matter in the market, like the COVID-19 pandemic, you will see a category dedicated to it. Other trending categories include Dividend Stocks, FAANG Stocks and Penny Stocks.
Calendars
TipRanks offers different kinds of calendars which will be useful to any investor who wants to keep up with the latest news. The calendars allow you to see all the upcoming events for your investments, like the company whose stocks you are buying, all in one place. The calendars include Earnings Calendars, Dividend Calendars, IPO Calendars, and Stock Market Holidays.
Security
If you’re asking, is TipRanks reliable in terms of safety, then you can rest assured. TipRanks offers a decent level of security as you can expect from a subscription-based platform. Although it collects your information, it protects it through SSL security and will not sell it to any third-party.
You don’t need to submit any financial information to TipRanks. The only information you might display to the public is your stock picks, and that’s only if you make your investor profile public. Aside from that, your information is always kept safe.
Customer Support
Another important part of the TipRanks review is the customer service that the subscription-based service offers. For one, you can send a message through the contact page online or call their toll-free number. Customer service is available round-the-clock, which is better than most investment research tools.
Mobile App
The TipRanks app makes it easy to check your news, stock updates, and other important data while you’re on the go. The app is free and lightweight, with a sleek user-interface that is easy to navigate. While the app looks good, it’s only suitable for browsing around and reading news.
If you want to fully view the charts and tables, you would need the desktop site. The smartphone’s screen does not have enough space to display all this financial data, statistics and comparisons. Some might end up getting omitted on the TipRanks app. It’s best to combine the app with the web to make educated trading decisions.
Pricing and Fees
If you want to get the most of all the features, you might have to consider a TipRanks subscription. TipRanks offers three plans, which are Basic, Premium and Ultimate. Basic is free but with limited options.
Basic
If you’re worried about the question, is TipRanks free, the platform has you covered. Investors avoiding the TipRanks cost can consider starting with the Basic plan. It’s free but it does not have features like investment ideas, data export and customer service. You can only set the email alerts for up to five stocks. All other features are limited.
Premium
Going for $30 per month, the Premium plan is the most popular TipRanks subscription. This plan offers full access to the content package, email alerts for up to 30 stocks, data exports, and priority customer service. Other features are available at the advanced level.
Ultimate
The highest TipRanks cost $50 per month which you pay for the Ultimate plan. With this plan, you get full access to every single feature that TipRanks has to offer, email alerts for an unlimited number of stocks, top priority customer service and data export in PDF and CSV.
How to Get Started with TipRanks
If you like what the TipRanks reviews say, you might be considering signing up on this research platform. TipRanks is easy to use and navigate for those who are new to the website. Even after signing up, you will find it simple to get all the tools that you need through the centralised dashboard.
To start with, visit tipranks.com and enter your email address. Then, confirm the email address and submit it. The best part is that you don’t have to submit any of your personal information during the signup process. You will receive an email to confirm your address. Once you do so, you can get started.
You can then decide to pay for the TipRanks subscription by using any of the paid plans, or browse with the free account. If you’re unsure about using TipRanks, you can consider using the free version for a while before switching to the paid plans.
Pros and Cons of TipRanks
There are many reasons why you should consider using TipRanks and some downsides to the platform.
Pros of TipRanks
If you’re wondering, is TipRanks good, here are some of the benefits of using the investment research tool.
- Extensive Research:
TipRanks makes it easy to carry out extensive research before making any investment. All the data is aggregated from multiple sources. Using TipRanks, you can gain a lot of information that a typical broker won’t have.
- Expert Recommendations:
TipRanks is probably one of the fewest trading research platforms that has recommendations from experts. You can view the TipRanks analyst ratings from experts, hedge fund managers, Wall Street analysts and corporate insiders. By following some of the best investors, you can rest assured when making your decision. If you’re thinking of investing in Apple, for instance, you can check out what the top analysts in that field are saying.
- In-depth Screeners and Filters:
The TipRanks stock screener is very unique since they cover a wide range of filters. The screeners allow you to filter stocks by different information and specific criteria. You can get as specific as you want with the screener. You can easily get the TipRanks top 10 stocks for different sectors and types with the screener.
- Affordable Plans:
Another benefit is the affordable TipRanks cost, as even the most expensive plan goes for $50 per month. If you’re an active investor, you will find TipRanks more valuable than those who invest in one or two stocks per year.
Cons of TipRanks
- Overly Complicated:
TipRanks offers complicated information which might be too much for a beginner to sort through. Having all that data come at you would be overwhelming, so it’s best to have some knowledge of investment before using the platform.
- Risk of Trusting Analysts:
If you look at the TipRanks analyst ratings, you are getting recommendations and advice from top experts. It’s easy to just listen to their advice and invest in what is recommended. But it’s risky to trust whatever the analysts tell you to invest in, which is why traders should do their due diligence before making a decision.
TipRanks Reviews from Real Users
Before using this research platform, you might be curious about the TipRanks reviews from real users online. On Trustpilot, TipRanks has a rating of 4.6 from 1,432 reviews. It is also a verified company. Most of the positive reviews praised the free version, easy navigation with the interface, the aggregation of expert opinions, and the gold mine of information offered in one place.
Most of the reviews are very positive, which might be because the platform does not try to sell stocks, upsell features, or trick you into thinking they would make you rich. The only thing that TipRanks does is aggregate information for you to read through and make your own decisions. The negative reviews were mostly people who were denied a refund. It’s best to read the reviews before you sign up on TipRanks.
TipRanks Alternatives
The Motley Fool Stock Advisor vs TipRanks
The Motley Fool Stock Advisor (read our review here) is a good alternative to TipRanks, although the former is a bit different. It costs $199 per year and recommends two stock picks per month and previous stock picks. The Motley Fool also offers research tools, screeners, and add-ons, including analysis on stocks and a retirement guidance program.
Morningstar Premium vs TipRanks
If you’re considering another alternative, Morningstar Premium is a good choice. Morningstar is a bit more like TipRanks and allows you to screen stocks, view analyst ratings on stocks, and get in-depth information on all stocks. Morningstar information is from its analysts instead of aggregated from various sources like TipRanks does.
Who is Tip Ranks Ideal For?
TipRanks is suitable for traders that want to do their research and pick the stocks that they want to invest in. Although you can invest in the stock picks that TipRanks experts recommend, you can get more benefits from this platform when you do proper research and make an informed decision.
TipRanks is also great for beginners who might be having trouble managing their portfolio. The TipRanks portfolio tools are a good way to check how your stocks are performing, and always get updates and news related to the stocks. Still, beginners would have to fully assess the research tools and updates to get a hang of it.
Final Take on TipRanks
In concluding this TipRanks review, one can see that the platform takes a unique approach to research and investing. Although it does not have as many assets or research tools as other platforms, it stands out with an impressive expert performance tracking tool. TipRanks offers expansive research from leading experts, Wall Street analysts, corporate insiders, hedge fund managers and more, which is better than what you can get from other platforms.
Frequently Asked Questions
TipRanks is a legit and reputable platform. It offers reliable information and is easy to use. All the research tools are robust and functional, and investors can access advice and tips from experts.
TipRanks is pretty accurate in the type of data and information that it gets from analysts. Since most of the data is aggregated from media sources, all the information is accurate.
It’s worth it to sign up on TipRanks, especially since the pricing plans are pretty cheap and you get good value for your money. As a user on TipRanks, you can access a lot of data once you pay for the Premium or Ultimate plan.
The TipRanks app is downloadable through App Store and Google Play, on your iOS or Android device. Once you download the app, you can register your account in a few minutes and start reading news, updates and analysis.
