5 Best Stock Brokers to Research in 2022 • Benzinga

Responsible investing begins with research. In the past, investors relied on a few sources and did the calculations and charts themselves.

Technology has changed that and the information you need is accurate, fast and often free. As the retail market surges, the cloud access security broker market is expected to grow at the rate of 20% by 2025.

Learn more about the best stock research tools. and how you can inform your investment planning now.

What is a stock research platform?

The stock research platform is a provider of financial information. This can take different forms, but the most common is a cloud-based web platform. While some platforms provide you with elaborate reviews, others give you the tools to gather information and come to your own conclusions.

Here are some questions to guide your platform comparison:

  • Do you need real-time data?
  • Do you focus on descriptive or diagnostic analysis?
  • Do you need advanced graphics features?
  • Do you need broker access?
  • Are you investing in a small niche or in foreign markets?

Best Stock Research Platforms

There are a number of stock research platforms in the market. Start with our top picks and find a service that meets your individual needs.

Ideal for fundamental analysis: Stock Rover

Stock Rover is a cloud-based investment research platform that provides research tools, expert analysis, financial education and portfolio management. Since retail investors built the platform, you can expect the user experience to be of the highest standard.

Stock Rover offers a basic free service and 3 different paid plans. Even the free plan includes valuable features such as newsfeed integration and broker access.

The interface is well organized and intuitive to use. If you’re an investor who loves charts and graphs, you’ll love Stock Rover’s streamlined data visualization tools.

Advanced features are where this platform reaches its full potential. Even if you rely on advanced metrics like Piotroski F-Score or Altman Z-score, you can still expect to find them all there, along with hundreds more.

Although Stock Rover can be overwhelming for new users, it is one of the leading stock analysis services.

Ideal for active day trading: Benzinga Pro

Price: Free trial, $99 to $177 per month

Benzinga Pro is a real-time financial information platform designed for active traders. The interface is web-based and completely modular. With options like multiple workspaces, split screens, or pop-up windows, you’ll easily adjust it to your own style.

Beyond the news, you’ll get access to other actionable data – unusual options activity, bulk trades, opening gaps and more.

Benzinga Pro focuses on speed and accuracy of information. If you’re a day trader who needs to stay on top of the latest news but can’t afford to watch the feed, you’ll appreciate the audio alerts. With a “Squawk” service, you can set an audio news feed to alert you to opportunities throughout the day.

Benzinga Pro, Screenshot of Benzinga Pro 07/03/2021

Best for Mixed Portfolios: eToro

eToro is a platform known for its cryptocurrency options, stocks, and ETFs. While you can research your stocks within the platform, you also get a powerful trading experience that includes:

  • Complete or split stocks
  • Trade with as low as $10
  • Combine crypto and stocks in one wallet
  • Zero commission

When you use eToro, you also have access to a massive amount of information ranging from detailed price charts to technical analyzes of each stock. You can review current events, compare the risk a stock presents to your current holdings, and invest wisely.

Best for stock scouting: Finviz

Price: Free, $24.96 to $39.50 per month

Finviz is an online stock research platform. Since its launch in 2007, the platform has kept its simple but functional interface.

Finviz is known for its excellent stock screening capabilities. You can easily filter stocks based on different parameters:

  • Fundamental: Price/earnings, price/free cash flow, debt/equity and many more
  • Technical: Beta, mean true range, below/above moving averages
  • Description: Sector, market cap, dividend yield

Advanced features such as custom filters, portfolio alerts or data export are available in a premium plan.

The only downside is that the platform only offers data for the US markets – NYSE, Nasdaq, and Amex.

Finviz Interface

Best for Niche Research: Looking for Alpha

Price: Free, $19.99 to $299.99 per month

Seeking Alpha (SA) is a crowdsourced investment research platform. It provides news, analysis and data to financial market investors through its website and mobile app.

SA operates a Freemium business model, offering the basic service for free and more advanced features such as dividend levels, quantitative ratings or short ideas via a monthly subscription.

The crowdsourcing model is generating a lot of interest in the platform, and you can find research on almost any niche. You will need to read a lot of material to gain a broad perspective and find quality authors that match your interests.

Best for Technical Analysis: TradingView

Price: Free, $14.95 to $59.95 per month

TradingView is a cloud-based platform that focuses on advanced charting and the social side of trading. If you rely on technical analysis, you will find useful tools on TradingView regardless of your strategy.

Beyond advanced graphics technology, the platform is also known for:

  • Free and accurate market data: Even with the free plan, you will have access to numerous data feeds from over 40 exchanges.
  • Active community: TradingView has an active community of traders and analysts. You will find new ideas every day, categorized by type and asset class. You can easily follow and interact with your favorite authors.
  • Mobile app: If you’re on the go a lot, you’ll love the mobile app. With full account synchronization, all the work you do on the web platform will be automatically accessible from your mobile device (and vice-versa).

Best for DIY: Google Finance

Price: Free

Google service for business news and financial information. Since 2006, it has undergone several updates that have simplified the scope of content.

The interface itself is rather simplistic, offering an overview of current market data and breaking news based on Google Trends. But if you’re at least an intermediate Excel user, you can take advantage of the ability to connect Google Sheets to the Google Finance price feed.

By using a simple syntax list, you can create a portfolio with an auto-updating price feed, color-coded filters, or distribution charts. Tracking all your investments in Google Sheets is especially useful if you invest across multiple platforms.

Portfolio tracking in Google Sheets, Source: work of the author

Best Online Stock Brokers for Research

To buy stocks, you need to open a brokerage account. If you need a broker, see our list of preferred online brokers and the table below.

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Some brokers also produce research in the form of broker research notes. You can also check out the broker industry research report.

How Research Platforms Help Investors

Investing without research is investing blindly. Modern research platforms help you by providing fast and accurate data in a convenient format.

Regardless of your experience, budget, or investment style, you’ll be able to find a platform that meets your needs. However, remember not to spend too much time on it. Like everything in economics, research also has diminishing returns.

Frequently Asked Questions

Q

Can I invest without a broker?

A

Yes. You can do this through a Direct Stock Ownership Plan (DSP), but it’s limited to companies that offer it. Also, you would deal with each individual company whose shares you want to buy. Using an online brokerage account is a simpler process that allows you to buy or sell any security from anywhere.

Q

Can brokers steal your money?

A

Yes. But now it’s rare because it’s much easier to track the digital footprint money leaves. However, the regulations have put in place layers of security that protect you from such scenarios. Brokers must keep your funds separate from their capital so that you do not lose the funds in the event of insolvency. Your funds are protected by the Securities Investor Protection Corporation (SIPC) up to $500,000 ($250,000 in cash).

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Dolores W. Simon