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With its advanced set of stock analysis and screening tools, Finviz Elite stands out as a must-have platform for sophisticated investors.
Taking your trading to the next level requires access to reliable market data in real time. You might also want a customizable platform so you can focus on the data you need to implement your trading strategies.
Finviz addresses these needs and does so at an affordable price. It also opens up new trading opportunities with backtests, correlation algorithms, and more.
Is Finviz right for you? Is an Elite membership worth it? Keep reading for our detailed Finviz review to get a better idea of how well this data-driven platform can support your trading strategies.
What is Finviz?
Created in 2007, Finviz has remained a small company with fewer than 10 employees. Its founder, Juraj Duris, still plays an active role in the management and development of Finviz.
The mission behind Finviz is to offer an advanced suite of tools for traders and investors while making market data easy to access through a single platform.
Functional, effective, and reliable come to mind when describing Finviz, and the company has remained true to these core values over the years.
Finviz Elite Features
Anyone can access market data by simply visiting the Finviz homepage, but you can register for a free account to unlock a few additional features.
However, you’ll need an Elite membership to get the most out of Finviz. Besides eliminating ads from the platform, an Elite membership will give you access to real-time data and extended hours.
Free users see data with a 15-minute delay for NASDAQ quotes and a 20-minute wait time for NYSE and AMEX transactions, which isn’t ideal.
As an Elite user, you’ll access data in real time and see charts, quotes, maps, and other tools with data starting at 8 A.M. so you can prepare before the markets open.
You’ll also access intraday trading data.
As a free user, you can review candle and line charts. An Elite membership will unlock more visualization tools, including OHLC, hollow candles, and Heikin Ashi charts.
While hollow candles can be easier to read for beginners, OHLC charts are helpful for measuring the day-to-day fluctuations of a market, and Heikin Ashi charts remain a preferred tool for eliminating false trading signals.
You can also create customized layouts to focus on the data that is relevant to you, whether you want to track your portfolio or compare some handpicked stocks.
Backtests are another feature that adds value for Elite members. These tests leverage 24 years of historical data and use 100 technical indicators to help you assess trading strategies before you implement them.
Backtests aren’t foolproof, but they’re helpful for assessing risks and can show how a strategy would have performed in a similar situation that happened in the past.
Correlations can open up new trading opportunities, but spotting correlated pairs and understanding how their prices move can be challenging.
Finviz Elite takes the guesswork out of investing in correlated pairs with correlation algorithms. These tools help you explore correlated and inversely correlated pairs and show you how these connected pairs are likely to move in relation to each other.
The Finviz stock screener itself is reason enough to get an Elite membership. This feature helps you identify stocks based on specific criteria.
You can screen stocks to some extent with a free account, but you’ll mostly have to rely on factors like market returns and activity.
As an Elite member, you can use advanced filters to find stocks based on market cap, performance, range, and more. The advanced visualization tools and data export feature are also helpful for saving and sharing your findings.
Alerts & Notifications
Elite members can create customized email alerts and notifications. It’s a useful tool for tracking price movements and making sure you never miss out on a trading opportunity when a new stock becomes eligible according to your screening criteria.
Combined with real-time data, alerts and notifications can truly give you an edge.
How Much Does Finviz Elite Cost?
Who Should Use Finviz?
With 61% of U.S. adults owning stocks, there has been an increase in user-friendly trading platforms and stock screening tools.
However, I personally find that many of these tools lack the complexity necessary to assess and implement advanced trading strategies.
It’s where Finviz comes in. If you’re familiar with charts and stock analysis, Finviz is a reliable option that will help you be more proactive when investing. It has helped me identify a wider range of trading opportunities and assess risks with more accuracy.
I also recommend it if you’re looking to get into day trading or simply want to become a more sophisticated investor.
If you look at Finviz reviews, you’ll find that some users initially struggle due to the learning curve. If you’re new to reading trading charts, it might be best to get started with a free account until you feel more comfortable.
The main downside is that you can’t place trades via Finviz. However, it’s a great complement to any user-friendly trading platform that offers low fees but might lack advanced stock screening and analysis tools.
How Does Finviz Elite Compare?
Getting Started with Finviz
Getting started with Finviz only takes a few minutes:
- Visit the Finviz homepage and click on register in the top right corner.
- Enter your email address and choose a password to create your free account.
- Click on Elite in the top menu bar and choose between a monthly or yearly membership once you’re ready to upgrade your account.
Is Finviz Elite Worth It?
From accessing market data in real time to setting customized alerts and using advanced stock analysis tools, Finviz Elite gives you access to a wide range of valuable features at an affordable price.
In my opinion, it’s one of the best values for the money, and you’ll get access to everything you need to take your trading strategy to the next level.
Here are some of the frequently asked questions about Finviz:
Does Finviz have real-time data?
Elite members have access to real-time market data, but the quotes have a 15 to 20-minute delay for free users.
Does Finviz offer customer support?
Finviz has a customer support team available to answer questions and help with your account. The best way to contact customer support is to use this online form.
What is the difference between TradingView and Finviz?
TradingView and Finviz share a similar purpose, but TradingView stands out by offering more educational resources as well as a social community.
However, Finviz is the clear winner if you’re looking for an intuitive interface.
Stock screener for investors and traders, financial visualizations.
Product Brand: Finviz