BestTrading is a powerful and easy-to-use stock analysis software that provides a wide spectrum of charting tools and indicators that can be applied to any stocks. Great for any trader, from beginners to advanced users, the software helps you work with stock quotes, indexes, commodities, forex and more. It’s absolutely free to download, so why wait?
Stock analysis software is essential for making the right decisions in the stockmarket, whether you are a casual investor or a day trader. If you are looking for accurate analysis of the best stocks to trade, check out this nifty app. It’s easy to use and gives you all the information you need to make money on stocks.
Interactive Brokers
Extensively customizable charting is offered on all of Interactive Brokers’ platforms and includes over 100 indicators and real-time streaming data. Trader Workstation (TWS), IB’s flagship trading platform, contains advanced technical analysis tools with over 120 indicators.
There’s a demo version of TWS available that allows traders to learn how the platform works and to test trading scenarios. In addition, it’s possible to attach a third-party analytics platform to your IBKR account. A full list of vendors can be searched at the Investors Marketplace.
Lightspeed
Intended for very frequent traders, Lightspeed’s flagship platform, a downloadable program called Lightspeed Trader, has a highly customizable live market scanner called LightScan which can help you screen for current trading opportunities.
LightScan searches the entire universe of stocks to display symbols sorted and filtered based on your preferences. There are over 100 possible criteria to search on, which can be combined. The flagship platform has customizable charting.
There’s a demo version of the platform available for those who want a test drive.
Thinkorswim (TD Ameritrade)
TD Ameritrade’s advanced options-focused platform, thinkorswim, allows traders to customize the platform with their favorite tools and a trade ticket. Though the platform was initially designed for options trading, there are plenty of analytical tools for equity traders too. You’ll find drawing tools, technical indicators, and data visualization tools.
Thinkorswim allows traders to create their own analysis tools as well as use a built-in programming language called thinkScript. The desktop version of thinkorswim is the most powerful, but you can also use a web version or the mobile app. All include streaming real-time data powering more than 400 technical studies.
Charles Schwab, which is in the process of acquiring TD Ameritrade, has announced that the thinkorswim trading platforms will continue to operate once the two companies merge. The acquisition closed in the fourth quarter of 2020, and the platform integrations were expected to take another 18–36 months.
Benzinga Pro: Best News Apps and Audio Squawk for Traders
Benzinga is one of the best financial news sites out there, and a few years ago, they introduced the finance tool Benzinga Pro. Whether you are an investor or trader, news can move the needle in investing and trading. That’s because news is often the catalyst for immense stock price movements.
Earnings, SEC filings, intraday news about FDA product approvals, or corporate news often initiate sharp stock volatility. Recently, Benzinga added much more features to Benzinga Pro, and now it is much more than the news and audio squawk tool that it was before.
Stock market analysis, broad market coverage, technical analysis with charting and indicators, SEC-filing research, an integrated trading chat room, stock scanners and options contract data make Benzinga a great allrounder these days.
Benzinga builds a bridge over various products and serves multiple types of investors with an excellent product. Day traders use Trade Ideas Pro, technical analysts consider TrendSpider, and Benzinga Pro is a great place to start with when you are still uncertain about the investment style you want to choose.
Stock Rover: Best Fundamental Data Stock Research Tool
Stock Rover is one of the best web-based analysis software tools for investors and makes it easy, like 1-2-3, to see how stocks, exchange traded funds or even connected portfolios and watchlists perform.
Using Stock Rover is like having the ultimate spreadsheet superpower with years of fundamental data for 8,500 North American companies at your hands and over 10 years of in-depth financial data for over 650 different metrics like dividends, analyst ratings, Piotroski F-Score, Altman-Z score, growth and profitability figures.
It is also one of the best stock tracking apps. You can connect all your portfolios to Stock Rover, create watchlists, calculate your future dividend income, rebalance your portfolio, and use the excellent stock screener to find the best stocks that match your financial criteria right now. Therefore, Stock Rover can become the hub for all investment activities. You can check the best features with insights in the newest Stock Rover review.
It is also worth it to test the Stock Rover Research Reports. You create a PDF file with the most important financial data with one mouse click, ready to download for later reference. The report includes things like a business summary, analyst consensus ratings, value-, growth- and return analysis, ratings vs. peers, a financial statement history and more.
Stock rover is made for fundamental data analysts and investors who want to handle all their investment activities from one trading software. Charting, data exports, color coding, screeners and top priority support make the offer complete.
MetaStock: Best Runner-up
Pros
- Robust scanning and analysis tools
- A wide range of customization features
- Interface is easy-to-use
- Enables you to code indicators and trading systems
Cons
- Some plans are priced higher than competitors
Visit MetaStockon MetaStock’s website
Metastock Review 
Metastock is a staple in the world of stock analysis software—and for good reason. Released way back in 1985, this powerful tool has stood the test of time—and it still offers so much value that it easily earns the #2 position in our list.
MetaStock’s range of products offers all the tools needed to research stocks like a pro—with both technical and fundamental analysis. The MetaStock Xenith offers fundamentals, real-time news from Reuters, as well as data, analytics, and commentary from industry experts.
Traders can utilize the Daily Charts to get some after-market analysis, while MetaStock will assist real-time traders to reach their goals. The Refinitiv DataLink for MetaStock also includes historical data that reaches back all the way to 1980.
Features 
A powerful charting software pulls stats at the end of the trading day from exchanges around the globe. Traders can buy separate plug-ins and add-ons for functions and customization.
MetaStock supports over 300 technical indicators and covers a wide range of assets, including ETFs, derivatives, mutual funds, equities, futures, forex, and commodities. And though MetaStock offers a wealth of data, it isn’t overwhelming, as it is quite easy to filter exactly what you need.
The core of MetaStock’s functionality are its proprietary PowerTools. This suite of pre-built systems allows you to backtest strategies, scan and filter the markets, generate buy and sell signals, and even utilize complex patent-pending technology to get a forecast of the probable future performance of securities.
To make things even better, all of these tools are customizable—but takes a bit of know-how. While the wide array of tools is no doubt powerful, they do have a bit of a learning curve—thankfully, mastering these powerful features is well worth it.
Something important to note is that MetaStock software is only compatible with Windows. Unlike StockRover, which is most suited to long-term traders, MetaStock is best suited to short-term traders who want to do stock market analysis after the market closes, or during trading hours.
Pricing and Plans 
The software is available to buy as a once-off, or you can buy a monthly or annual subscription. The monthly subscription fees range from $69 to $300. On top of that, MetaStock offers a free 30-day trial.
MetaStock reigns supreme when it comes to technical analysis. Though some might say that it isn’t particularly user-friendly, that isn’t really the case—it’s more of a case that it offers so many tools that it can seem overwhelming to beginners.
At first glance, MetaStock might seem a tad expensive when compared to the competition—but it’s worth every penny. If you have the necessary knowledge and enough time to master this venerable piece of software, it will pay off in a big way.
Conclusion
Developed by traders, for traders. Best Trading Analytics Software was designed to assist both novice and professional traders. The Best Trading Analytics Software helps you analyze the market conditions, understand the behavior of players on the market, assess market risks and opportunities.