Free Finviz vs. Finviz Elite: Maximize Your Trading Potential

Finviz: A Comprehensive Stock Analysis Tool for Traders and Investors

Finviz, also be mistaken for Finvi, Finvix, Finvis, Finbiz, Finwiz, Finvz, Finfiz, Fin Viz, Finiz, or Vinfiz, is a leading stock screening and analysis platform designed to simplify financial data for traders and investors. Whether you're a beginner or a seasoned professional, Finviz offers a range of tools to help you make informed investment decisions. In this article, well explore the features, benefits, and differences between the free and premium versions of Finviz, helping you decide which plan suits your needs.

What is Finviz?

Founded in 2007 by Juraj Duris in Slovakia, Finviz simplifies financial data for traders. This platform, short for Financial Visualizations, offers tools like stock screening, Finviz News, portfolio tracking, and chart analysis. Its user-friendly interface and clear visuals help investors make informed decisions quickly. With features like heat maps, historical data, and instant alerts, Finviz caters to day traders and long-term investors alike. The free version provides essential tools, while Finviz Elite unlocks advanced features like real-time data and backtesting, making it a top choice for traders.

Finviz Free vs. Finviz Elite: Key Differences

Here's a breakdown of the features offered by the free and premium (Elite) versions of Finviz:

Who Should Use Finviz Free?

• Beginner Investors: Those exploring stock screening tools for the first time.
• Casual Traders: Individuals comfortable with delayed data and basic analysis.
• News and Heatmap Users: Traders looking for free access to financial news (Finviz News) and market heatmaps.

Who Should Use Finviz Elite?

• Active Traders: Professionals needing real-time data and advanced charting tools.
• Strategy Developers: Investors seeking custom alerts and historical backtesting to test trading strategies.
• Data Exporters: Users who prefer ad-free access and the ability to export data for further analysis.

Key Features of Finviz

1. Stock Screening:Finvizs screener covers approximately 8,500 stocks and ETFs, offering 67 filtering criteria (both fundamental and technical) and 30 charting signals. This tool helps users identify potential investments based on specific criteria.
2. Heatmaps:Heatmaps provide a visual representation of market performance across sectors and industries. Users can click on assets for detailed insights, making it easier to spot trends.
3. Portfolio Management:Finviz allows users to create and track up to 50 portfolios, each containing up to 50 tickers (upgradable to 100 with Elite). Premium members can also set up portfolio alerts.
4. Visual Tools and Metrics:The “Groups” section offers visual tools to analyze sector performance, with metrics like P/E ratio, market cap, and EPS helping users uncover promising stocks.
5. Futures Insight:Finviz provides heatmaps for equity, commodity, and currency futures, offering a quick futures market overview.
6. Advanced Charting (Elite-Only):Elite subscribers gain access to five chart types (including candlestick and line charts) with advanced technical indicators and drawing tools.
7. Backtesting (Elite-Only):This feature allows users to test trading strategies against over 20 years of historical data, helping to refine approaches before executing trades.

Pros and Cons of Finviz

Pros:

• Simplified market visualization through heatmaps and charts.
• Real-time intraday data for active traders (Elite plan).
• Long-term strategy testing with 24 years of historical data.
• Customizable portfolio tracking and alerts.
• Comprehensive stock screening with 67 filtering criteria.

Cons:

• Requires user-defined filters for customized screening.
• Limited chart overlays and indicators compared to some competitors.
• No auto-saving functionality, which may lead to data loss.

Unfortunately, FINVIZ Free users don't get access to portfolios. As far as limits go, FINVIZ Registered subscribers can create up to 50 portfolios with up to 50 tickets. In comparison, FINVIZ Elite members can create up to 100 portfolios and a maximum of 100 tickers.

Why Use Finviz Elite?

For active traders, Finviz Elite is a game-changer. The real-time data ensures youre always up-to-date with market movements, while the advanced charting tools and backtesting feature allow you to refine your strategies. Custom alerts for price changes, news, and portfolio updates keep you informed, making Finviz Elite a must-have tool for serious investors.

Conclusion

Finviz is a versatile platform that caters to a wide range of investors. The free version is ideal for beginners and casual traders, while Finviz Elite offers advanced features like real-time data, backtesting, and ad-free access for active traders. Whether youre exploring Finviz News, analyzing heatmaps, or testing strategies, Finviz remains a top choice for stock and options traders. Choose the plan that aligns with your trading style, goals, and budget to maximize your investment potential.