Benzinga Pro vs Scanz

Home » Trading Platforms » Benzinga Pro vs Scanz

Category: Trading Platforms | Author: Trading Brokers | Date: July 10, 2026

In the world of stock trading and investing, having access to the right tools and resources can make a significant difference in a trader’s success. Two popular platforms that provide real-time news, alerts, and advanced scanning tools are Benzinga Pro and Scanz. Both platforms cater to different types of traders, ranging from beginners to seasoned professionals, and offer unique features that can enhance a trader’s decision-making process. This article will provide a comprehensive comparison of Benzinga Pro and Scanz, breaking down their features, pros, cons, pricing, and more to help you make an informed decision.

If you are interested in trading online, you can take a look at our best trading brokers for some options.

Overview of Benzinga Pro

Benzinga Pro is an advanced financial news platform that offers real-time market news, news alerts, stock scanners, and powerful tools for active traders. It is designed to provide traders with the latest breaking news and actionable insights to help them make informed decisions in fast-moving markets. Whether you are a day trader or a long-term investor, Benzinga Pro offers a wealth of tools that can aid in executing trades based on real-time data.

Key Features of Benzinga Pro

• News and Alerts: Benzinga Pro offers real-time news coverage, which is one of its standout features. Traders can access breaking news alerts, analyst ratings, earnings reports, and significant market-moving news.
• Newsfeed: The platform provides a customizable newsfeed that allows traders to follow specific sectors, stocks, or even broader market movements. This feature ensures that users stay updated on the latest trends.
• Real-Time Market Data: Benzinga Pro delivers fast and reliable real-time data, which is crucial for making timely trading decisions. This includes live stock quotes, charts, and key financial metrics.
• Stock Screener: Benzinga Pro features a stock screener that enables users to filter stocks based on specific criteria, including technical indicators, fundamental data, and performance metrics.
• Live Audio and Video: Benzinga Pro includes live streaming of expert interviews, trading ideas, and market analysis. This feature is particularly useful for traders who prefer a more interactive experience.
• Customizable Workspaces: Users can create customized workspaces based on their preferences. This allows for a personalized interface where traders can organize news, stock charts, and alerts in a way that suits their workflow.

Pros of Benzinga Pro

• Comprehensive News Coverage: Benzinga Pro provides a continuous stream of news updates, which is essential for traders who need to act quickly on breaking events.
• Easy-to-Use Interface: The platform has an intuitive and user-friendly interface, making it accessible for both beginners and more experienced traders.
• Customizable Features: Traders can tailor the platform’s layout to fit their individual needs, which is helpful for improving efficiency.
• Wide Range of Tools: From stock scanners to news alerts, Benzinga Pro offers a variety of tools that can help traders make informed decisions across different markets.

Cons of Benzinga Pro

• Higher Price Point: Benzinga Pro is on the pricier side compared to some of its competitors, especially for the more advanced plans.
• Complexity for Beginners: While the platform is powerful, the sheer number of tools and features might overwhelm novice traders at first.
• No Integrated Brokerage: Benzinga Pro does not offer integrated brokerage services, meaning users need to rely on a third-party broker for executing trades.

Overview of Scanz

Scanz is another advanced platform that provides real-time stock scanners and news alerts. Unlike Benzinga Pro, which focuses heavily on news content, Scanz specializes in providing a powerful scanning engine that allows traders to identify trading opportunities based on specific criteria. Scanz is primarily geared towards active traders, especially those who are looking for advanced stock screening and filtering tools.

Key Features of Scanz

• Powerful Stock Scanners: Scanz is known for its highly customizable stock scanning features. Traders can set up scanners to look for specific technical patterns, volume spikes, price movements, and other trading signals.
• Real-Time Alerts: Scanz allows users to set up real-time alerts based on their custom scanning criteria. Alerts can be triggered by specific price movements, volume increases, or technical patterns that meet the trader’s defined conditions.
• News Feeds and Alerts: Like Benzinga Pro, Scanz also offers real-time news feeds and alerts. However, the platform’s focus is more on actionable alerts rather than a continuous stream of general news.
• Level 2 Quotes and Charting: Scanz includes Level 2 market data, which is essential for traders who are looking for more detailed insights into market depth and order flow. Additionally, the platform features advanced charting tools for technical analysis.
• Paper Trading: Scanz offers a paper trading feature, which is ideal for new traders who want to practice their strategies without risking real money.

Pros of Scanz

• Powerful Scanning Capabilities: Scanz’s scanning engine is one of the most powerful on the market, allowing traders to quickly identify high-potential stocks based on a wide range of criteria.
• Highly Customizable Alerts: The alert system in Scanz is incredibly flexible, allowing users to tailor notifications based on their specific trading strategies.
• Level 2 Data: Scanz provides Level 2 data, which offers deeper insights into market order flow, giving active traders a competitive edge.
• Paper Trading: The paper trading feature is an excellent tool for testing strategies and getting familiar with the platform without risking real capital.

Cons of Scanz

• Steep Learning Curve: The platform’s vast array of features and customization options can be overwhelming for new users. There’s a steep learning curve for traders who are just getting started.
• Expensive: Scanz is also on the higher end of the price spectrum, particularly for traders who want access to the most advanced scanning and real-time alert features.
• No Integrated Brokerage: Similar to Benzinga Pro, Scanz does not provide brokerage services, meaning traders still need to use a third-party broker to place trades.

Pricing Comparison

Both Benzinga Pro and Scanz are premium services, and their pricing reflects their advanced features and tools. Below is a breakdown of their pricing models:

Benzinga Pro Pricing

• Basic Plan: Starting at around $99/month, this plan includes access to real-time news, stock screener, and news alerts.
• Essential Plan: At approximately $177/month, this plan offers additional features such as audio news alerts and faster news delivery.
• Benzinga Pro +: This plan, which costs around $297/month, includes all the features of the Essential plan with added features like live audio, video content, and more advanced charting tools.

Scanz Pricing

• Standard Plan: Starting at $59/month, this plan provides access to basic scanning and alert features but lacks advanced charting and Level 2 data.
• Pro Plan: At $157/month, the Pro plan offers more advanced scanning features, including Level 2 quotes and real-time alerts.
• Elite Plan: For $297/month, the Elite plan provides full access to all features, including advanced scanners, charting tools, and unlimited alert settings.

Which One Is Better for You?

The choice between Benzinga Pro and Scanz depends largely on your individual trading style and what you are looking for in a trading platform. Here’s a breakdown of who would benefit most from each platform:

• Choose Benzinga Pro if: You prioritize real-time news updates and alerts, need a customizable newsfeed, and want access to a variety of market data. Benzinga Pro is ideal for traders who rely on breaking news and analysis to make timely decisions.
• Choose Scanz if: You are a technical trader who values powerful stock screening and scanning tools, want access to Level 2 data, and need highly customizable alerts. Scanz is better suited for traders looking for in-depth technical analysis and real-time scanning features.

Conclusion

Both Benzinga Pro and Scanz are highly regarded platforms, but they cater to different types of traders. Benzinga Pro excels at providing real-time news and financial insights, making it ideal for traders who rely on news-driven strategies. On the other hand, Scanz stands out with its powerful scanning tools and advanced charting capabilities, making it perfect for traders who focus on technical analysis. Ultimately, the right platform for you will depend on your trading strategy and which features you prioritize most.

---

Relevant Articles

---