Top 5 Best Stock Screeners for Beginner Traders (Free & Paid) That You Need to Use

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Earlier, investors relied heavily on professionals to pick stocks. This approach, while reliable, typically cost much more, and many investors, particularly newcomers, lost a significant portion of their profits by paying commissions to experts. However, these days, tools like stock screeners have emerged as an excellent alternative to professional advisory services, particularly for newbie investors. Before we list the best stock screeners for beginners, let’s take a quick look at what these screeners do.

What Are Stock Screeners?

Stock screeners are a handy tool for traders, and almost all traders today use this fantastic tool to identify stocks that match their pre-determined investment criteria. For example, these screeners can filter stocks based on factors such as industry type, price range, the average number of shares traded per day, etc.

Besides, high-quality screeners can sift through thousands of stocks in seconds, whether in the United States or among the tens of thousands of others listed globally. These screeners qualify stocks based on the specific criteria that suit the investor’s strategy. Essentially, the more one works with stock screeners, the more they can narrow their options for the best available investment opportunities.

Best Stock Screeners For Beginners

Here is the best stock screeners list for newbie traders.

1. Zacks

Zacks Investment Research is one of the market’s best free stock screeners and is a hit among the beginner-investor community. Formerly known as the Nasdaq Stock Screener, it has a substantial set of free stock screening tools and comes with a lot of filters as well.

One of the best features of Zacks is that traders can enter a custom value or range for filtering stocks rather than selecting from a drop-down list of preset ranges. Moreover, one can find more EPS search criteria here, such as EPS surprise, previous EPS surprises, the average EPS surprise, and so on. Besides, the search results can be saved and exported to spreadsheets for further analysis.

The free account is sufficient to meet the daily dose of information requirements. But those who opt for premium services will get many other screening criteria for analyst ratings, including upgrades, downgrades, or specific rating changes.

2. TradingView

TradingView is hands down one of the best stock screeners in the market as, unlike most other stock screeners, it covers every kind of stock and fund, including those traded internationally. Being an innovative brainchild of a group of traders and software developers, the platform provides an effortless, powerful, and extraordinary trading opportunity to the masses.

TradingView has it all, from a solid fundamental offering to economic and financial screening criteria and extensive charting functionalities built on advanced HTML5 technology. It has over 100 fundamental and technical standards and the ability to personalize filters and views. Moreover, its extensive range of international stocks across 130+ global exchanges means anyone interested in global investing can use its services. Besides that, it allows users to map and compare economic indicators with financial indicators of a company to aid in assessing its performance.

3. Atom Finance

Atom is known for combining institutional-level power with retail-level usability, allowing traders to connect their other brokerage accounts. Because it includes equity research from major banks and financial firms, SEC filings and transcripts, analyst forecasts and recommendations, and detailed historical financial data, the platform’s collected data is highly reliable.

The best feature of Atom is that it generates a bird’s-eye view of a trader’s entire investment portfolio, allowing them to see their total asset allocation and suggestions for where to diversify. Besides that, by utilizing its advanced stock screening tools, traders can investigate individual stocks and broader market trends, beginning with real-time stock quotes and progressing to institutional-grade financial news feeds. Moreover, the trader’s decision-making abilities receive a considerable boost by comparing the performance of stocks using metrics of one’s choice and obtaining data visually through charts and graphs.

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Users can also pay $6.99 monthly to access premium features such as analyst commentary, price change explanations, equity research summaries, and price target updates.

4. Benzinga Pro

Benzinga Pro is the one-stop shop for all information a trader requires to buy and sell stocks. It is an all-in-one platform in which real-time charting and a massive range of indicators, screening criteria, and alert options are provided.

Generally, it is impossible to read up on current events, review the portfolio, and track stocks simultaneously. But with this tool, the news feed reveals the news that just broke within the last few moments. Further, its Audio Squawk allows users to save time and screen space as it reads the day’s key headlines.

5. Seeking Alpha

Seeking Alpha is one of the best and most simple stock screeners that also comes with advanced features such as quant ratings, pre-configured screeners, and SEC filings access. Traders can use it to scan fundamental data details such as ratings, company financials, earnings, dividends, valuations, growth metrics, and profitability and compare companies against peers.

It has a vast collection of historical data and a combination of insightful analysis, extensive articles, and various rank metrics, making it an excellent source of information for investors and swing traders. One can check out its 14-day free trial facility to decide whether they should opt for its services or not.

Finding the ideal stock screener can be difficult because the tool should include all the filters that a trader requires for their investing style. All the stock screeners mentioned above are well-organized and straightforward, allowing traders to find their ideal investment opportunity with just a few clicks. They let the users quickly sort results so they can drill down further without wasting time. However, before subscribing to any of these stock screeners, one should always conduct their own research.

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Join the #1 Exclusive Community for Stock Investors

Looking for stock trading ideas? Join 6000+ traders in the #1 community for stock traders/investors. Click Here to See if you Qualify.

This Options Discord Chat is The Real Deal

While the internet is scoured with trading chat rooms, many of which even charge upwards of thousands of dollars to join, this smaller options trading discord chatroom is the real deal and actually providing valuable trade setups, education, and community without the noise and spam of the larger more expensive rooms. With a incredibly low-cost monthly fee, Options Trading Club (click here to see their reviews) requires an application to join ensuring that every member is dedicated and serious about taking their trading to the next level. If you are looking for a change in your trading strategies, then click here to apply for a membership.


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