The best paid stock screeners on the market today have come a long way since I first used them in the 1980’s. The best stock screeners no longer require any programming skills, unlike those of the past. They should also offer a web version as well as a desktop version.
In addition, we are not restricted to laborious downloading of data. Remember dial-up? Data is now stored on remote servers, so there is no need to worry about data downloads, or losing personal settings. The best part, for me, I can access them from anywhere on my travels.
The Difference between a Stock Screener and Stock Scanner
You will come across the terms stock screener and stock scanner used interchangeably. They both have access to real-time data.
The main difference is that a stock scanner will be constantly scanning the markets and stream new alerts as they happen in real-time.
A stock screener, will need to be refreshed either manually or with an auto setting.
For example, the stock screeners mentioned below can be either refreshed manually, every 10 seconds, or every minute. This is a good thing, as it gives you time to review the screener results. Even with the stock scanners I have chosen below, the live streaming can be paused.
For most of us it doesn’t really matter what you call them. I still refer to them all as stock screeners, unless I’m talking specifically to day traders.
If you are a day trader you will want a stock scanner as you need to find trading opportunities as they happen in real-time.
There really are too many to choose from, so I list below some of the best stock screeners and scanners based on ease of use, flexibility, and price point.
Trade Ideas Scanner
Trade Ideas is an excellent stock scanner that gives the trader a constant stream of stock trading opportunities during the day. There are more than enough built-in strategies, which you can further modify to suit your particular needs.
The unique feature of Trade Ideas is its Artificial Intelligence engine, Holly. Every day after the market close, Holly reviews and analyses the trading day. This constant learning and improving her trading strategies is a great asset to have on your side.
As traders, we all need to focus on idea generation, because without stock picks there are no profits. Also the shorter term your trading time horizon, the more ideas you need to generate. Trade Ideas is the perfect tool for that, because it will generate ideas from premarket to after- hours, and any time in-between.
Best Stock Screener For Day Trading
Trade ideas is clearly the best paid stock screener or scanner for day trading. Some of its features include:
- Best Premarket scanner
- Dedicated penny stock scans channel
- Best Real Time stock scanner
- Best Intraday stock scanner
TrendSpider is a relatively new stock scanner and charting platform which is rapidly growing in popularity. So much so, that I use it as my main technical stock screener. It is designed by traders for traders, and it shows as many of the functions reflect the way I trade and feels natural to me.
TrendSpider’s functions includes multi-timeframe analysis, drawing automatic trendlines and support/resistance lines, automatic fibonacci levels, and cadlestick pattern recognition. Not to mention its multi-timeframe technical scanner, dynamic alerts, and Backtesting with Strategy Tester.
Alerts can be set on price, trend-lines, or a host of technical conditions. You can receive the alerts either via email or text message to your phone.
The team are constantly working on new functions and improving the software, so feel free to request a function you would like added.
Best Technical Stock Screener
TrendSpider’s technical scanner is on of the most flexible on the market. it is easy to scan over multiple time frames, without the need for any coding.
Highly recommended for Technical Traders. features include:
- Best Technical Market Scanner
- Dynamic Alerts system
- Automatic drawing of trendlines
- Candlestick pattern recognition
- Multi-timeframe Technical Analysis
Best Stock Screener For Swing Trading
If you are a Swing Trader, you will definitely want to give this one a try. You may like it as much as I do.
Stock Rover Stock Screener
Stock Rover is a new Fundamental stock screener and research platform for US and Canadian stocks and ETFs. With many ways to view fundamental data and a robust stock rating system, this is the ideal platform for all investors.
Stock Rover comes with a library of over 130 stock and ETF screeners, which you can modify to your own needs.
Best Fundamental Stock Screener
Stock Rover is one of the best Fundamental stock screeners on the market for the retail and professional investor. With over 650 fundamental metrics to chose from you will be spoilt for choice.
Tradingview Stock Screener
Tradingview is a web based charting software with great charts and a stock screener. There are many technical and fundamental criteria combinations you can use to find trading opportunities.
The best thing I like about Tradingview is that it covers International stocks, Futures, Forex and world economic data. This is one of the tools I use as I trade US & UK stocks, and International Markets via ETFs.
Some of the International stock markets covered include US, UK, Canada, Australia, Hong Kong, Singapore, Japan, and many European countries. And yes, you can use the stock screener for all these countries.
Best International Stock Screener
Tradingview is a great stock screener with all the important Fundamental data you need to find quality stocks. You can combine technical and fundamental criteria in one stock screen.
Tradingview is also ideal for those who trade international Stock markets. They now have over 50 International stock markets covered, and include Cryptocurrencies, Forex and Futures markets. Other features include:
- A good range of Fundamental criteria to chose from.
- Many Technical Indicators to refine your scan results.
- Forex screener – ideal for Forex traders.
- Cryptocurrency screener – Covers all Cryptocurrency.
- International Stock Screener.
Finviz Stock Screener
Finviz is a web based stock screener that makes finding possible stock trades quick and easy. Many charting software in the past had only technical criteria for their stock scans. But many stock screeners are now combining both technical and fundamental data, and Finviz does a great job of this.
Whether you are a trader or an investor, value or growth orientated, Finviz.com can help you find the stocks that meet your needs. I even know of many day traders that use Finviz.com every day.
Export Fundamental Stock Screener Data
Finviz allows the export of fundamental data to spreadsheets, such as excel or google sheets. Ideal for Investors who like to do deeper research into stocks. Some of the features include:
- Premarket stock screener
- Stock chart patterns screener – Scan for your favorite chart patterns.
- Export scan results data to excel
- News and financial statement links
TC2000 Stock Screener
TC2000 is really a stock scanner and stock screener rolled into one software.
TC2000 Stock Screener covers US stocks and options and has been around for a long time. In fact, since 1993 TC-2000 has been Voted “Best Stock Software under $500” by ‘Stocks and Commodities Magazine’ for 26 years running. You don’t achieve this without constantly innovating and giving customers what they want.
TC2000 has a really flexible real-time stock scanner that covers both, fundamental and technical criteria. Scan results can be easily added to a watchlist, or further alerts can be created for the qualifying stocks or ETFs.
Support is also excellent, and I was pleasantly surprised to get quick answers to my stock screener coding questions.
Best Options Screener
TC2000 has one of the best Options Screeners, great for those of you who hate staring at options prices, (that’s all of us). As well as the ability to scan thousands of options, TC2000 also includes options strategies, making life easier for options traders.
Recommended for Investors who trade US stocks and options. Highlights include:
- Best ETF screener
- Best Options stock screener
- Custom stocks scans
- Fundamental and Technical screener
There are so many stock screeners on the market today, that it’s hard to know where to start. Hopefully this breakdown will save you a great deal of your precious time. Listed above are, in my opinion, some of the best paid stock screeners and scanners on the market. Try them and see which one is right for you and your style of trading or investing.