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Benzinga Stock Tips Review


ConsumersAdvocate.org Rating: 4.6 / 5 (Excellent)
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Founded in 2010, Benzinga is a financial research company and news outlet. The company seeks to empower individual investors to increase their wealth by making financial information and insight more widely accessible and easier to understand. The company provides up-to-the-minute data, a unique perspective on the market, and original educational content to users online and through its mobile app. Benzinga is located in Detroit, Michigan.

Features and Services Offered

Benzinga is a financial information hub, or, as the company likes to bill itself, a content ecosystem. We think that's a pretty apt description. Benzinga does a great job, not only of presenting a plethora of up-do-the-minute market information, but also of explaining how global events, economic trends, and markets are interconnected and interdependent. 

It's difficult to capture briefly the range of information Benzinga presents. But here are a few highlights:

  • Earnings reports
  • Company guidance
  • Ratings
  • News on dividends, IPOs, buybacks, and mergers and acquisitions
  • Focused reports on fintech, retail, transportation, commodities, and other market sectors
  • Reviews of brokerage services
  • Stock recommendations, sortable by industry or price

Benzinga is primarily a financial education and stock advice resource. It is not a trading platform itself, but can connect you with a wide range of online and mobile investment apps and recommend the ones best suited to your needs. The company sorts trading platforms according to various factors and provides detailed reviews of each one. Whether you're a beginning investor, wish to focus on a particular industry, or are especially interested in trading futures, options, or cryptocurrency, Benzinga can point you in the right direction. The company also reviews consumer financial products like insurance and banking services.

Fees

Benzinga offers investors a tremendous amount of information free of charge. Many investors will find everything they need on the company's website without spending a dime. But like many stock tip companies, it saves its best, most current insights and most comprehensive services for paying customers. Sometimes speed is the key to fully taking advantage of an investment opportunity.

Screenshot from benzinga.com 12/15/2020

The company offers three levels of premium service which you can pay for monthly. You'll receive a significant discount if you pay for a year of service all at once.

Screenshot from benzinga.com 12/15/2020

 

Customer Experience

For investors who have relied on their own aggregating skills to gain access to market intelligence, a visit to Benzinga will seem like a trip to Shangrila. The company publishes a massive amount of data and research and many perspectives on the market; in fact, it's possible that beginning investors might find it a little overwhelming. But through its sensible website organization and design, the company simplifies sifting through all that content to find what you're looking for. 

Benzinga's educational portal opens a world of extensive coursework. Each course is delivered in manageable video chunks. Subjects range from the key economic factors and events traders should keep within sight to deep dives into specific market sectors like crude oil and precious metals. The portal also leads users to a collection of trading simulators, which is a unique feature among the stock tip sites we've reviewed and a great opportunity for people who learn best through hands-on activity.  

Screenshot from benzinga.com 12/15/2020

Reputation and Accreditation

Benzinga is not considered a financial advisor in the technical sense, nor is it a brokerage firm. Therefore, the company isn't registered with the SEC or other regulatory bodies. The company receives an excellent rating of 4.4 out of 5 stars on Trustpilot, with users affirming that the company completes its mission by making investment intelligence more accessible and digestible. iOS users give the Benzinga app 4.7 out of 5 stars, with many again praising the volume of information it offers. They do note some technical snafus and the apps notifications feature seems to be the subject of some complaints. Currently, Benzinga does not offer an Android version of its app but the company states it is coming soon.


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Customer Comments & Reviews

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Peter m
2/27/2024
I've been trading stock,options and bonds for 40+ years. The best platform ever was Street Smart Pro offered by Schwab. Suddenly they bought another trade company, discontinued Street Smart Pro and sent us to Benzinga. Benzinga is the most comprehensive, ,but extremely complicated to navigate, with reams of information I get from the news, financial sites etc.. It is difficult to trade stocks or options compared to Street Smart Pro. Then they charge you for their "premium services". Schwab and Benzinga have become useless for the trading I've done for years.


M
Mike
4/8/2022
These guys are absolute garbage. Bought and paid for no spine garbage. I can't believe what they did today. There should be charges filed for that blatant lie this morning


M
Mike
4/8/2022
These guys are absolute garbage. Bought and paid for no spine garbage. I can't believe what they did today. There should be charges filed for that blatant lie this morning



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