Scanz’s (scanz.com) goal is to make the easiest scanning platform possible. There is just too much information about stocks for one person to handle on their own, so stock scanners are a normal part of investing.
Scanz makes it easier to find good stocks by quickly scanning through data and pulling out key data points.
Let’s review Scanz to see if this platform is worth the money.
What Is Scanz?
Scanz is a scanning platform and news feed that gives you stock information from around the market every second. It has live charts and level II data. You can use charts and watchlists, and pre-configured scans and more broker integrations are in the works.
Scanz Technologies Inc., based in Canada, is the company that makes the Scanz stock scanner.
The platform has been around since 2002 and was called Equityfeed until 2019.
The scanning software is proud of how quickly it can send important data to users, especially day traders. Users can use filters to make their own scans to keep track of the stocks they are most interested in.
Scanz has a powerful news streaming service that keeps traders up-to-date as new information comes out about the stock market.
What’s Included with Scanz?
Scanz has a lot of great tools for tracking news feeds and scanning stocks in real time, which can help investors do better on the stock market.
With the Scanz stock scanner, you can access:
- Pro Scanner
- Easy Scanner
- News Scanner
- Breakout Signals
Scanz Pro Scanner is a great tool for traders that lets them scan stocks in real time from 4:00 am to 8:00 pm EST. Users can customize and save as many scans as they want. There are more than 50 price variables that can be used to narrow down the results of the scanner. Popular filters can be used, such as the last price, the ask and bid price, the $ change and % change, and values like OHLC.
Also, technical filters like MACD and Bollinger Bands and liquidity filters like $volume and number of trades can be used. Fundamental filters like float, market capitalization, and financials can also be used.
The results can be downloaded as a CSV file, which makes the tool stand out from other solutions on the market. On the other hand, other features, like sorting and choosing the type of stock, are standard for any platform and aren’t anything special.
A day trader can do simple scans, complex scans, and everything in between with this interface, which is easy to customize. Traders can sort through different price, liquidity, technical, and fundamental filters with the click of a button to get the market data they want to see.
The easy scanner focuses more on speed and full market transparency. Users can sort the results by stock type, such as ETFs, regular stocks, or foreign stocks, and can also add their own filters. The Easy Scanner can be used to scan the major indexes. It can also be used as a short squeeze scanner or a sector scanner.
In short, the Easy Scanner is a light version of the Pro Scanner and is a good way for new customers to learn how to use the platform. The Pro Scanner can be used to find complicated real-time trading data, but the Easy Scanner is a tool made for quickly scanning to get trade ideas in one window with little work.
It’s helpful to have a news feed along with the pricing stream. Prices change because of the news, and it’s always helpful to know why prices change. This is exactly what the Scanz news scanner is made to do. The News Scanner gives you real-time data and news.
Scanz wants to have one of the best news feeds, so it has more than 100 news sources and many ways to change them. SEC filings are streamed in real time.
You can scan the news for specific keywords like “Earnings,” “Mergers,” and “Acquisitions,” or something similar, which is a great feature.
Like most of the other tools on the platform, the News Scanner lets you sort through real-time data using custom filters so you can do technical analysis.
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As the name suggests, this tool helps a day trader find and learn about stocks that are going against the norm.
Day traders use the Breakouts scanner to find signals for different types of stocks that they can act on. Scanz provides signals that are fast and have no latency, as well as instant sorting and watchlist alerts. Breakout signals show up when a stock’s price moves out of its sideways range.
The types of breakouts that can be seen are:
- New High Alerts
- New Low Alerts
- Price and Volume Breakouts
The stock scanner is set up to send out “breakout alerts” when a stock’s price goes to a new high or low. The price breakout feature can also let day traders know when stocks break out of their moving averages and may be ready to make money.
Users can set up watch lists for breakouts, and the application or an email will let them know right away when a breakout happens.
The Montage feature is a clever play on the word and shows all the day trading information you could want in real time.
You can scan before the market opens, during the market, and even after the market has closed. With Montage, you can see everything in one window at the same time. Streaming charts with level 1 and level 2 data, time and sales, news alerts, and indicators. On the chart, you can use tabs and drawing tools like Fibonacci retracements.
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Yes, Scanz has Level 2 functionality. It lets users see the full order book in real time. This is a unique feature that only a small number of scanner platforms have.
Users can look at level II data in this window using color-coded displays and tabbed windows to keep track of what they are doing.
The order book summary makes it easy to see how supply and demand are changing in real time.
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Notifications and Alerts
The Scanz platform lets you scan the stock market and send stock scanner alerts directly to your desktop or email. You’ll never miss out on stocks that meet your filter criteria again.
For day trading, charts are a must. Charts are used by day traders to see if stocks are moving in the desired direction. First, you find the stocks you want to buy, and then you look at the news and charts. Having all of these things on one platform is a nice bonus and makes trading easier.
Scanz wants to connect to many of the leading brokerage platforms. The platform can currently be linked to popular brokers TD Ameritrade and Interactive Brokers. Scanz plans to add more brokers in the near future.
Multiple order types, a trading interface, one-click connections, and real-time P&L are all on the list of things that are planned.
For you to get the most out of Scanz, they have set up a number of ways to learn about all the features.
Features, like how to make charts and use scanners, are shown in video tutorials and webinars. Some of the more complicated technical parts of the trading platform have cheat sheets that are easy to print and keep on hand.
There is a blog on the website where traders can read about technical analysis, trading strategies, scanning, and a lot more.
Is Scanz Legit?
Scanz has been in the service of stock scanning for 20 years now. Since before 2019, when it changed its name from Equityfeed, the service has been one of the best stock scanners.
Your investment accounts and any money you have on the exchange are never touched by the platform.
Scanz is a tool you can use to look at information about trades, which you can then use as you see fit.
Scanz Stock Scanning Free Trial Offer
Scanz costs $169/month and includes Level 1 and Level 2 quotes. You can try it free for 7 days and no credit card is required.
- Full Nasdaq, NYSE, and AMEX markets coverage
- 100% real-time market data. All data & news
- Scanning & Filtering tools
- News & SEC Filings tools
- Alerting tools
- Market monitoring tools
- Level 2 Quotes
- Broker integrations for seamless trading! (in beta)
- ETF’s, SPAC’s, Warrants, and Preferred shares
- Pre-market scanner from 4:00 am – 9:30 am EST (in beta)
- After-hours scanner from 4:00 am – 8:00 pm EST (in beta)
- Fast email support
- Remote desktop support upon request
- and more…
The add-on for OTC Markets costs $15/month.
Scanz Pros & Cons
- The minimum subscription duration is just one month
- Level II data is available
- Easy to learn software and platform
- Good news coverage and news sources
- Provides real-time stock data
- Technical indicators available
- OTC packages cost extra
- No social community
Scanz is a great tool, but it’s only worth it for traders who make enough money to cover the monthly fee.
Broker integration is still incomplete, but the plan is to add many more brokers.
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