FINVIZ.COM Review

I was just about to cancel my elite subscription to Finviz.com.

But then I discovered something that changed my mind.

And now, I am using it every day.

In today’s review, I will share with you why Finviz.com is worth every dollar and then some.

IS FINVIZ  ELITE WORTH IT ?

Finviz.com is a financial investment website for long and short term traders.

It provides both fundamental and technical analysis.

In this review, we will be presenting the Elite version with all its different features.

The Elite membership is the premium service of this platform.

You can subscribe to a Monthly Membership for $39.50, refundable anytime you want to cancel.

Should you want to save 37% on the yearly cost, you can switch to the yearly Subscription for a one-time payment of $299.50.

FINVIZ.COM USE CASES

The site is set up in distinct areas with different functionalities.

Let us explore each one of the these to give you an idea on the full potential of the tool.

MAIN HOME & MAPS SECTIONS

This provides a view of the global stock markets with gauges on advancing and declining number and percentage of stocks.

Statistics of new Highs and new low are offered to give traders a straight idea on the overall direction of the market.

A per sector heat map is shown to the right for US and international markets.

The maps can be expanded by clicking on them.

This action will take you to the Maps section where you can toggle from S&P500; stocks view, to World view, full view or just a view of Exchange Traded Funds (ETFs).

A zoom on the top right-hand side enables you to scrutinize your sector of interest.

A drop down-menu offers the flexibility to switch the performance period from daily, weekly, monthly to full year granularity.

The bottom of the home section showcase stocks with recent major new with their live quotes.

Also, a selection of stocks with on-going technical signals is presented.

Added to this are upcoming Earnings Releases, recently searched stocks by the user and most recent Insider activities (buy or sell from companies executive.

Finviz News

Up to the minute new sections is broken down into tho columns: Live new to the left and Blog new to the right .

The later can be filtered by time or by source.

I cannot say that I spend a great of time reading new during live trading sessions.

I may from time to time spend a few minutes on an eye-catching article especially if it is related to a company I am considering taking a trade on.

Finviz.com Screener

This is my bread and butter.

All traded stock are available in a table on which filters can be applied.

The results can be saved into a portfolio, to create alerts to dig into for further technical analysis.

If you are patient enough, I will provide a full tutorial on this section in video later in this article.

Finviz Futures Charts

The takeaway from this section is that the quotes are 20 mins delayed thus making it quite lame for futures traders to make an effective use of.

Finviz.com Forex

There are 10 pairs of Forex being provided with a tabular view on percentage change or PIPS change.

Traders can track these on a 5 minutes, hourly, daily, monthly quarterly and yearly intervals.

Finviz Crypto

I counted 14 Crypto currencies available as of today.

As we know this number has been increasing lately so by the time you are reading this publication, that number may well be much higher.

In any case, the performance of these instruments can be tracked in this section on multiple time frames.

Backtesting for Trading Strategies

In this section, you can set up but testing of any strategy you come up with before you start trading it.

As an example, let say you think there is an edge is buying stocks after they fulfill a specific technical indicator, the tool allows you to back test your hypothesis and find out how reliable it is over any period.

Finviz.com has over 15 years of data to run backtests to help you validate profitable strategies.

You can choose up to 15 Indicators to study or combinations of indicators to come up with your proven trading plan.

The feature is only available on the elite membership.


FINVIZ ELITE vs FREE MEMBERSHIP

The Finviz Elite features just stand out from the Finviz free version.

Every serious trader cannot afford to rely on delayed quotes hence to get any benefit from this platform, the paid membership is almost mandatory.

From this comparison table we obtained from the site, that is pretty obvious.

Finviz.com Memberships prices on Finviz.com Review

For instance, the intra-day charts are only available in the Finviz elite version.

This is a deal breaker if you are a Day or Swing trader.

HOW I USE IT: VIDEO TUTORIAL

Before we delve into that, I strongly recommend watching the 3 minutes 45 seconds Guided Tour video.

The one  thing that sold me into this tool  is from its main feature the Screener.

Because only on it I could generate a Top Down Analysis.

What is it and How is it performed ?

Before I do so, allow me to point out something I really love on the Screener page.

Once you get there, you have this to look at the stock from one of these “filters”;

  • Overview
  • Valuation
  • Financial
  • Ownership
  • Performance
  • Technical Indicators
  • Charts, Technical Analysis, News and Snapshot

My favorite is the Charts View because no matter the number of stock you have previously selected with the top Filters (different form these), all the charts will display all at once without the slightest delay.

You can then click on any chart of your choice to zoom in, study it, create an alert, save to portfolio or publish on Social Media (right now Facebook and Twitter).

Back to the Top Down analysis, it is a method that consist of looking at stocks from their sector situation (bearish or bullish) and diving down to the best worst or best stocks within that individual sector.

This is done by selecting Group and picking  Sector from the Drop down menu.

There are 10 sectors overall in the US market ranging from Basic Material, Conglomerates,, Consumer Goods, Financial, Healthcare, Industry Goods, Real Estate, Services, Technology and Utilities.

Depending on your time frame of trade, you then select a performance period (week, month, quarter, half year, year to date or full year).

This will give you an indication on which sectors are weak or strong over that period.

If you are looking for strength, you will then select a sector showing strength which will bring you all the stocks within that sector.

From there, I like to select charts and all of the tickers charts are in front of your eyes in the order of the performance.

If your eyes are trained to read technical charts, you can easily be drawn into patterns or you can apply additional filters like the price, the volume, analysis’s recommendation or whether the stock is shortable or optionable.

Speaking of analysts, there are at the center of my favorite use case of the Screener.

I am sharing it all in this video Tutorial.

PROS/CONS

The free version is full of Advertisements which can quickly become distracting when you are trying to pick sort out a trade.

I like the fact that the Frequently Asked questions (FAQs ) are goes in depth in explaining the different types of scenarios.

Unfortunately, the Futures quotes are 20 minutes delayed thus making them unusable for futures traders or even those who want to know what is the heartbeat of the market even in after-hours.

The yearly membership is non-refundable. This means that once you commit to it, you have to see through.

But It comes with a 37% discount so that is not really a big deal.

I will not be thorough if I failed to mention that within the home section of the tool, there is a search button for you to enter a stock of interest.

Upon doing do, you will be able to see the technical and fundamentals of that stock.

Nothing news there, but they have added the stocktwits posts of that stock on that page.

What does this mean ?

In other words, if you are focusing on a given stock, you will have access to almost everything (except the charts) posted by stocktwits users on that symbol.

Not sure how you will feel about this after my warning on stocktwits.com distraction.

Lastly, for security purposes with credit/debit card, Finviz.com only accepts PayPal as a method of Payment.

This is still an issue for some countries across the globe for for the most part, I do not foresee this a major hindrance.

CONCLUSION

Based on the multitude features that Finviz Elite Membership provides, this App is pretty hard to pass on for any serious trader.

My take is take each trader should have a set objective to pay off the tools necessary for his/her trading with an easy Go-To Strategy.

I am sure you may want to know more about Finviz Elite.

May I suggest you try it out and experience it for yourself.

Here is a Link for that or you can just click below.

Finviz.com

$39.50/ Month
9.7

Charts

10.0/10

Ease of Use

10.0/10

Back Testing

9.5/10

Alerts

9.5/10

International Markets

9.5/10

Pros

  • Charts
  • Technical Analysis
  • Signals
  • Maps
  • Alerts

Cons

  • Delayed Futures
  • Non-Refundable Yearly Membership

10 thoughts on “FINVIZ.COM Review”

  1. No wonder a lot of my colleagues makes use of this finviz for their trading preview and reviews too before taking the trades. This is truly massive in terms of provision of what it does and how well it is doing well. Thumbs up for giving an elaborate overview on this. I fancy this post a lot and I’m checking it out right away

    Reply
    • Hello Rodarrick,

      We really appreciate that you found value in this review of the Finviz Screener and all of its features.

      We aim to bring the most useful tools and information to our readers like yourself.

      Thank you.

      Reply
  2. Hello Telex, I must say that this article is very helpful and informative. I heard about Finviz from my friend so I decided to do a research on the Internet. I am glad I stumbled upon your review because you explained everything in detail, I am glad this is not one more scam and that it is safe for use, I will definitely give it a try.

    Reply
    • Evening Danijel,

      How are you doing today ?

      Thank you for your positive feedback.

      One of our main goal is to bring useful information on these publications to you the readers.

      Let us know how you like it after you are done with you trial.

      Until then, have a great weekend.

      Reply
  3. Thanks so much for this in-depth review of Finviz com. It wasn’t clear to me what it was about, but after reading your post and watching video tutorials, I increasingly like this financial investment website. I’m going to try the site as a free member for the first time to see for myself all these features you wrote about.

    Reply
    • Greetings BlueMoon,

      The free membership version will really be limited in therms of inability to follow live quotes.

      Also, the numerous ads become very distracting after a while.

      Thank you for your time to leave us your feedback today.

      Have a a great day. bye.

      Reply
  4. This is an excellent review of Finviz.

    I’ve been using this platform for a while. I’ve been a subscriber of their premium service. I actually forgot to cancel my membership and was automatically billed for the next year which I didn’t want. I contacted their customer service and they got back to me in a timely manner and told me that my money has been refunded. I was expected to be told I should’ve cancelled my membership (which would’ve been true, I had just forgotten to). Instead I was pleasantly surprised.

    This is just not only a great website but from my personal experience they have an incredible customer service. Their premium service is a powerful tool for any serious trader which of course should come as no surprise considering all the benefits and what they offer for free.

    This indeed is an informative article. Thanks.

    Reply
    • Greetings Kell,

      Thank you for stopping by to provide us with you excellent Experience with the Customer Service of Finviz.

      I am glad that everything turned out well with you.

      So thoughtful of you to share this information so that other readers can benefit from it.

      I appreciate your time and Talk to you soon.

      Reply
  5. hello, i really want to first appreciate your effort in putting this great website together and writing this article. the insight that i have gotten from your article is awesome. the video was clear and understandable although the restrictions as a free member is too much. it is better i upgrade to premium. i am going to engage the ideas you have given me.

    Reply
    • Hello Benny,

      We are really grateful for your stopping by and leaving us such a positive comment.

      Please let us know if you need anything else regarding the material published here.

      Thank you and Happy New Year.

      Reply

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