Searching for new promising stock to make your next trade on can be pretty challenging and time-consuming if you’ve never heard of a stock screener before. In that case, stick around, as you’ll definitely want to find out more about these apps and how you can use them to make a profit on the stock market.
A stock screener will help you quickly filter through thousands of available stocks and find the ones that satisfy your specific criteria. The best stock screeners will provide you with a simple interface and many helpful features that will reduce both screening and trading to short and simple tasks you can complete with a single click of the mouse.
If this sounds exciting, keep on reading, as we’ve carefully screened the web to supply you with some of the best screeners that will take you a step closer to earning on the stock market.
Our Top 3 Picks For The Best Stock Screeners Of 2022
- Trade Ideas: Overall Best Stock Screeners, Editor’s Choice
- FINVIZ: Most Affordable Stock Screener
- TC2000: Best Day Trading Stock Screener
#1. Trade Ideas: Overall Best Stock Screeners, Editor’s Choice
Trade Ideas is our second-best option when it comes to stock tracking. The company was founded in early 2003 by a team of entrepreneurs, and leaders in the Self Directed Investment movement. They were looking to manage their own money but ended up making a boom on the stock market.
Today, the Trade Ideas platform features a state of the art software developed by a skillful team of US developers. The server farms are connected directly to the Exchanges, allowing the platform to track every single stock in real-time. Through persistent analysis and testing, Trade Ideas accumulates the ultimate power that any other stock tracker cannot match.
So if you’re looking to get a whole new perspective on data and ideas, you should definitely give Trade Ideas a try.
AI Robo advisement
If you’re looking for mathematically precise insights, you’ll love Trade Ideas’ Robo advisement. The unique feature consists of a couple of different investment algorithms that constantly keep track of the stock market while considering over a million trading scenarios. The robust algorithm makes a ton of assessments and calculations, resulting in a subset with a higher probability of an accurate prediction in the following market session.
The simulated trading tool is an excellent way for you to maximize your advantage. It works for hand in hand with the AI Robo advice and the idea generation tools to help you make the most out of your trading experience.
The simulator gives you genuine feedback so you can quickly realize which actions lead to profit and which ones are mistakes you need to work on in the future. So with simulated trading, you’re guaranteed to up your trading game in no time.
Training and educational resources
Whether you’re a beginner trader or a more experienced one, you’ll absolutely love Trade Ideas’ vast library of education resources.
Its TI user guide is a vast database including step-by-step presentations to get you up and running with the software’s features and functions without having to learn as you go. But if you’re looking for a stricter schedule that will help you not miss a lesson, you can also sign up for 20 classes in 20 days, featuring short and concise lessons to give you an insight into the Trade Ideas essentials.
Apart from the initial getting-started tutorials, different plans grant you access to more comprehensive webinars, documents, and trading books that will take your skillset to a whole new level.
- A vast library of educational resources
- Incredible savings on yearly plans
- 15% off any subscription or upgrade if you sign up for the newsletter
- Real-time stock trading and racing
- One-click trading with a simple click and drag of the markers
- Slightly more expensive plants compared to competitor’s stock trackers
Why do we recommend Trade Ideas?
Trade Ideas is a premium quality stock-scanning platform that is currently growing in popularity. It features some fantastic scanning tools, along with advanced artificial intelligence algorithms that will help you improve your stock trading practices and habits, resulting in bigger profits.
The platform is pretty straightforward and flexible, so you can easily customize it with additional add-ons. Even though it may seem rather challenging to get across to new users, once you take the first step, you’ll absolutely love it.
#2. FINVIZ: Most Affordable Stock Screener
FINVIZ is an excellent platform for stock screening that’s been online since 2007. It features some comprehensive tools, including real-time data tracking, interactive charts, and so on. As the name suggests, this platform offers you an amazing visualization of valuable financial data that’s crucial if you want to make a successful trade.
All financial data is displayed in a compelling way that’s very easy to navigate across, making it an excellent choice for inexperienced traders. While navigating across the convenient lists, you can simply hover over a stock symbol, and you’ll instantly get access to the entire stock chart. So if you’re looking for a simple and fun way to keep track of your stocks, you should immediately give FINVIZ a try.
Stock screening is made very straightforward using FINVIZ’s portfolio feature. Every track or action you make on the platform is immediately saved to your portfolio, making it easier for you to keep track of both stocks and your activities. The screener lets you save up to 100 portfolios, as well as 100 screener presets.
If you’re a more experienced trader, you’re likely to make the most out of the premium or elite plan. With the elite features, you’ll be able to make better-informed decisions and gain access to real-time quotes, advanced visualizations, backtesting, etc.
With the elite plan, you can access extended hours sessions in many sections, such as maps, charts, and quotes, as well as the stock screener. You can also opt to get email notifications about important events and alerts triggered by news, portfolio updates, and price changes, so you’re always up to date with the latest events.
Simple user interface
At first glance, FINVIZ’s user interface may seem pretty challenging and complicated to navigate through. But if you give it a little time, you’ll realize that it’s actually the simplest stock screening interface you’ve ever come across.
The interface consists of convenient lists that display the basic information you’ll need to make a well-informed decision on a trade. But if you’re looking for a more extensive overview, you can quickly access the stock’s full chart drawing tools by simply hovering over its ticker. So if you’re quite familiar with all the stock terms and abbreviations, you’ll quickly get the hang of FINVIZ’s screening platform.
- Exceptional visual approach towards stock screening
- Access to global stocks
- Free version for swing traders
- A vast selection of both fundamental and technical criteria
- An affordable elite plan, starting at $24.95 a month
- It only allows you to track stocks on a single exchange at a time
Why do we recommend FINVIZ?
FINVIZ is an amazing option for all beginner traders. It features a straightforward approach toward stock screening, which you can quickly get the hang of. However, if you ever struggle with any of its features, you can get a short tour of the platform through a guided video.
If you’re not willing to commit as soon as you enter the platform, you can opt for a free plan that comes with a capacity of filtering 70 factors, with the only downside being that it is not in real-time. But if you’re more of a buy-and-hold investor or want to set up your swing trades pre- or post-market, the free plan has all that you’ll ever need.
#3.TC2000: Best Day Trading Stock Screener
To begin with, the TC2000 is a product of Worden Brothers Inc., a company that has been in this industry since 1997. The software aims to eliminate guesswork from trading to assist all traders, new and experienced alike, in increasing their winning trades.
So, if you’re just getting started and have no idea what you should be doing, this platform is the ideal place to launch your career. Similarly, if you’ve been playing for a while but are concerned that your losing streak is out of control, this might be the software you need to try out.
The TC2000 stands out as a well-thought-out package for all levels of trading, with accolades and awards from Warrior Trading, Liberated Stock Trader, The Traders’ Magazine, and Bulls on Wall Street.
If you’re a disorganized trader who trades at random based on hearsay, you’re going to lose a lot of money! To avoid this, TC2000 includes advanced features that make it simple to organize your trading. Indeed, the TC2000 includes features that allow you to jot down notes and flag stocks.
Best of all, whenever you launch this software, it automatically remembers and organizes the charts you were tracking. It also organizes any notes you’ve made and adds them to your watchlist.
Advanced Comparison Tools
Staying organized in the trading market is one thing, but it is quite another to conduct independent comparisons before investing. The TC2000 provides you with exclusive, smart comparison tools that allow you to compare various trading options visually.
To top it all off, there is a slew of smart scaling tools that let you zoom in on trends and compare swing and strength sizes.
At first glance, the TC2000 charts could be any other chart on any other trading platform. However, if you look closely, you’ll notice that the charts are quite robust. They have a data box, for example. To track market movements in real-time (depending on the tier you’re in), simply click on the selector.
Furthermore, with a single mouse click, you can gain unlimited access to multiple data points such as indicator values, highs, lows, and entry and exit points. Isn’t that cool?
- Fast trading software
- Cost-efficient pricing structure
- Integrated order system (e.g., deal through chart)
- Free paper trading module
- The browser and application-based tool
- Automated trading is not possible at the moment
- Coding knowledge needed to create custom market scans
Why do we recommend TC2000?
TC2000 is a fantastic stock screener and charting tool with real-time market data and powerful features. Technical analysis and customizable market scans are best served by charting software. The integrated paper trading account is simple to use and intuitive.
#4. Stock Rover – Outstanding Portfolio Management
We’re concluding our list of the best stock screeners with Stock Rover. Stock Rover offers you access to nearly every fundamental criteria you’ll even think of, along with an extensive database of financial statements, making it an excellent pick for all buy-and-hold investors.
Stock Rover bases all of its tools and features on its customers needs and demands. To achieve the ultimate trading experience, the platform goes beyond the means that almost every stock screener has to offer and gives you extended conveniences for stock screening and trading. Therefore, the platform is pretty powerful and functional while at the same time retaining a simple interface that’s easy to learn and use.
Stock Rover gives you the ultimate flexibility when choosing a screening strategy. On the platform, you can choose from over 140 pre-built screeners that cover all investment strategies and are accessible with a single click. If you’re more of a DIY person, you can also create your custom screener by modifying existing screeners or building one from scratch.
For anyone curious about ETFs, Stock Rover also lets you create a custom ETF screener in just a couple of minutes or choose from 16 pre-defined screeners with different criteria. On the other hand, the Premium screener lets you add weight to criteria and create a ranking of stocks. These weights can also be applied to other watchlists or screeners and see how stocks stack up.
Stock Rover gives you access to comprehensive and unbiased reports for over 7000 available stocks. If you want to be up to date with the latest news and events, you can subscribe to a research report and immediately gain access to interactive real-time reports. These reports rely on premium metrics, including margin of safety, fair value, and score.
So if you’re looking to make a well-informed decision, we suggest you hit the subscribe button as soon as possible.
Stock Rover free
Inexperienced users or people that simply want to make a quick profit without getting into the depths of stock screening are up for a treat with Stock Rover free. The free plan offers you comprehensive information on North American stocks, coverage of 4000 ETFs and various mutual funds, access and management to a personal portfolio, brokerage integration for auto-syncing, daily analyst ratings and rankings, a comprehensive earnings calendar, and so much more.
- Extensive selection of fundamental screening criteria
- Integrates with many brokerage account(s), including
- A comprehensive library of screening strategies and a fantastic blog with tips and tricks
- Straightforward user interface
- Accurate performance metrics and automatic portfolio analysis & updates
- Limited functionalities for day trading
Why do we recommend Stock Rover?
As an experienced brand, Stock Rover has done an outstanding job in simplifying the way investors can research, track, and select investments. The platform features close to 200 filters for screening and comparing stocks and markets.
Its rating system is a favorite among many users. It lets them quickly assess stocks based on their growth, valuation, efficiency, strength, and momentum. The pre-set fair market value and margin of safety screeners are also well appreciated by a large number of investors.
Beginner’s Guide: Finding the Best Stock Screener
If stock trading has fueled your curiosity, you shouldn’t rush into making any under-informed, compulsive trades. Instead, the best thing you can do if you want to make a well-informed trade is finding a reliable stock screener that will help you locate lucrative stocks that will help you make a profit. But you’re not entirely familiar with these applications so finding the best one can be rather challenging.
That’s why we’ve put together a convenient list that will help you understand what you should look for in a stock screener app and how to find the perfect one that checks off all the requirements on your list. So with no further ado, let’s get into it.
- Screening strategies
If you’re new and inexperienced in trading and screening, you should look for screening platforms that offer you a set of predefined screening strategies. With a predefined strategy, you can quickly narrow down your choices without worrying about filters and their meanings. Still, you’ll have to be very careful in picking out a winning strategy.
As you get more experienced, you’re very likely to want a customized strategy that works best for your beliefs. Then, you’ll want a screener that allows you to alter existing strategies or create a new one from scratch.
So regardless of your experience level, make sure you find the best stock screener, one that fits your needs.
- Free subscriptions
Everybody loves a free subscription, so why not get it from your stock screener? Many reliable platforms offer you entirely free plans that will allow you to get accommodated with the platform without risking your funds. Free subscriptions let you utilize many efficient platform features and are excellent for both beginners and more experienced investors looking for a more straightforward approach to stock screening.
These plans usually include a limited range of the most basic features, but if you play your cards right, you can get the hang of stock screening with nothing more than those.
Availability is another crucial factor you should consider before you decide on the best stock screening trading platform for your preference. If you’re rather busy during working hours, you’ll definitely want to find a platform that lets you get up to speed during the night.
That’s why you should carefully consider the working hours of a stock screener and insist on the convenience of after-hours trading. Our best recommendation for the occasion is TD Ameritrade.
- User interface
The user interface is one of the most important things you should pay attention to while searching for a stock screener, especially if you’re a beginner. Finding a straightforward user interface will help you get up and running with the platform quickly but also allows you to manage your socks and trades easily as you advance.
A challenging interface may break your will to try stock tracking, and blurry information may even cause you to make a wrong investment.
So in terms of the user interface, we recommend that you always go with the best and most straightforward visual approach that will help you navigate the platform and available stocks with ease.
- Mobile support
If you want to keep up to date with your funds and the latest news and events on the market, checking from your desktop or laptop isn’t the best solution. Instead, you’ll definitely want your stock screener to offer mobile support. With mobile applications, you can manage your funds and investments at any time from any place. The convenience of a mobile screener may also help you seize opportunities without wasting time.
- Educational resources
Educational resources are a must. And not just for beginners, but for more experienced investors as well. Having outstanding educational resources is bound to get you interested in filling out some time while reading a couple of valuable tips and learning something new. Since stock trading can be pretty challenging, you should insist on developing your skills at all times.
Apart from the excellent learning chance you get, offering a vast library of educational resources is a fantastic way for the website to demonstrate that it is genuinely interested in helping out its users in any possible way.
- Value for money
With stock screeners, you should never rush into a decision simply based on a low price. Instead, you’ll have to dig deeper and find out what each screener has to offer for the price you’re paying. Many platforms will provide you with impeccable service, but in return, you’ll have to pay a higher price. On the other hand, other service providers may allure you with affordable and bargain prices but offer a very limited service range.
That’s why you should always consider the value for money ratio past the simple subscription cost if you want to end up with top-notch service.
- Customer experiences
If you’re looking for a close-up insight into how well a stock screener performs, you can always reach out for customer feedback and see what others have to say about the platform. By doing so, you’ll be able to get a personal understanding of the highlights and weaknesses of a stock tracker without committing to a subscription or paying a costly fee upfront.
How To Use A Stock Screener Effectively
Stock screening apps are a great aid in identifying lucrative investment opportunities. But you should be aware that they rely on research and analysis and not magic, meaning that they cannot do all the heavy lifting themselves. Therefore, significant input from your side is also a must if you’re looking to make a profit on stock trading.
The first thing you’ll have to do is decide which stocks you’d want to screen, how your decision-making is impacted by any news, and when will be the perfect time to buy or sell those stocks. A stock screener is an ideal help with the task, as it will help you stay on top of the market’s movements.
However, nothing is quite as reassuring as conducting your own research. Therefore, you should utilize the stock screener as a starting point and then dig deeper into the stock to find what makes it tick.
After you’ve got a vast knowledge of the stock, you’ll have to invest a lot of time and patience to determine the best time to buy or sell. Once you find the perfect stock and master the art of waiting, you’ll be up for a good start.
FAQs On Best Stock Screener
Q1. What is a stock screener?
A stock screener is a tool frequently used by stock traders to navigate through a wide range of stocks and find the exact ones that meet their criteria. To achieve that, you have to apply multiple filters to narrow down the list. Understandably, the more filters you add, the more specific the results will be, and you’ll be far closer to finding your match.
Q2. How to use a stock screener?
Most stock screeners, or at least the ones we’ve reviewed above, are pretty straightforward to use. All you have to do is open the screener and apply your preferred filters such as price, trading volume, price-to-earnings ratio, volatility, and a number of other fundamental and technical criteria.
Once you’re all done, the results are immediately displayed on the screen, but if they’re not specific enough, you can also add another layer of filters until you get exactly what you’re looking for.
Q3. How much does a stock screener subscription cost?
The cost of a stock screener varies significantly between different service providers. Some companies offer free plans with their free stock screeners featuring essential filters, while additional features have to be paid for. If you’re looking for a monthly subscription, the prices range anywhere between $30 and $300.
For instance, the Elite plan at FINVIZ starts at as little as $24.96, while a standard monthly subscription on Trade Ideals will cost you $118. However, you should be well aware that besides the costs, the service you’ll get also varies between companies.
Q4. Why should I use a stock screener?
Because finding the best stock from a vast pool can be rather challenging. And screening is the best way you can narrow down the extensive list to a handful of the best free stock screeners. However, paid ones are much better than free stock screeners.
Even if you don’t use a screener, everyone uses screening one way or another. You may have overheard something about some stocks on TV or read about them on the Internet. The information that you overheard, such as growth rates, P/E ratios, or sales surprises, are your screening filters. If the rumor has got you interested in investing, the specific values satisfy your criteria.
So instead of basing your decisions on rumors, you can efficiently conduct the screening process with the help of a stock screener. These platforms and applications keep constant track of the market and stock changes and have real-time information that’s far more reliable than anything you’ll overhear on the news.
Q5. What is backtesting?
Backtesting is the best way for you to check out the efficiency of your screening strategy. It allows you to quickly determine the performance of your strategy and see if your screen provides stocks that go up once identified or ones that get buried afterward.
Backtesting can help you realize how well your strategy has performed in the best way and allow you to track down the reason for any failure. That way, you’ll have better chances for future improvements.
Q6. What’s the difference between fundamental and technical analysis?
Fundamental and technical analysis are the two bases for analyzing the financial markets. Fundamental analysis focuses on the economic and financial factors that influence a business. In contrast, technical analysis anchors on the price movement of a security and use the data to forecast future price movements.
So if you’re looking for the best results from your stock screener, you should insist on combining both fundamental and technical filters.
Q7. How to achieve the best results from a stock screener?
Even though stock screeners are pretty powerful, they cannot predict a good stock investment. So to land on some outstanding results, you’ll have to give your criteria reasonable consideration. First, have a look at the available filters, determine what you’re looking for, and enter only the requirements that you’re absolutely sure about. If you manage to do all that, you can expect some fantastic results.
Q8. Should I still do additional research?
Absolutely yes. Apart from the fact that stock screeners can make your life and investing easier, putting in an extra effort in conducting your own research can be very beneficial and help you validate your findings.
Using the stock screener as a starting point and then confirming its results through authentic research is an amazing way to make more confident trades and investments. So you should definitely stay up to date with any legal or economic issues that may affect individual companies, as a stock screener may not consider such things.
Q9. Can I build my own stock screener?
With a little devotion and a bit more knowledge, anything is possible, and so is creating your own stock screener. However, to build one, you’ll need high-grade programming and coding skills to make one. If you possess those or know your way across Excel well enough to import data automatically, you may be off to a good start.
Still, with the excellent choice of online stock data screeners at affordable prices, building your screener may be unnecessary and ineffective.
Q10. Are there any limitations to stock screeners?
Yes. Even though stock screeners are pretty powerful and handy tools, they also have limitations.
- Qualitative factors – Most stock screeners exclude qualitative factors and focus only on quantitative ones. Therefore, they cannot consider pending lawsuits, labor problems, customer dissatisfaction, etc.
- Timeliness – Since screeners use databases that update on different schedules, you should always check the data’s relevance and timeliness, or you may end up wasting your time on a meaningless search.
- Blind spots – Stock screeners are also susceptible to industry-specific blind spots, meaning that if you research for a low price to earnings valuations, many tech companies may get excluded from the results.
Conclusion: Are Stock Screens Worth the Cost?
Thanks to stock screeners, earning on the stock market is now relatively easier. These apps and platforms will help you find a promising stock among the endless opportunities.
But even with the best stock screeners, you’ll have to put an effort yourself and take a moment to decide your goals and strategies. Once you’ve successfully done that, you can start looking for the most lucrative stock on the market. So if you’re looking for a reliable stock screener, we suggest you take another look at the services we’ve reviewed above and start your search.
However, you should know never to rely solely on a best free stock screener or stock hacker tool . After you’ve managed to separate the stocks with the biggest potential, put in a little extra effort into researching the stock and ensure that you’re making a well-informed investment.