Scanz: An In-Depth Review | Features | Pricing | Benefits

As a trader, your goal is to find trading opportunities and profit from them. However, with hundreds of charts to sift through and endless amounts of information to sort, it can be challenging to stay focused on what truly matters – properly entering and exiting positions. This is where Scanz comes in. Scanz is a stock discovery platform built specifically for traders, not investors. Their unique “secret sauce” technology streams the entire U.S. equity markets to your desktop in real-time with zero latency, allowing you to harness a tsunami of streaming data through their beautiful scanning user interface. In this review article, we will dive deeper into what Scanz offers, its unique features, and how it can help you become a more successful trader.

The Inspiring Story of Scanz’s Rise to Success

Scanz Technologies is a fintech company that created Scanz – an exclusive Trade Discovery Platform designed for retail equities traders who are highly active. From the beginning, Scanz’s mission has been to provide powerful and real-time algorithmic scanning tools to home-based traders, levelling the playing field against bigger trading firms. With the aim to simplify real-time trade idea generation for millions of traders, whether they are beginners or highly advanced, Scanz has become the go-to platform for traders of all levels. The founders of Scanz have a wealth of experience in market data and trading technology, having been part of the core team behind some of the earliest and most respected stock scanning platforms in the early 2000s. Scanz has leveraged this experience to create the most robust, comprehensive, and user-friendly Trade Discovery Platform for individual traders. As the underdog, Scanz is Team David, fighting against the industry giants.

A Closer Look at Scanz Features

Scanz is an all-in-one trading platform that offers a variety of tools and features to help traders become more productive and profitable. From real-time market data to advanced scanning and filtering tools, Scanz has everything you need to take your trading to the next level. In this section, we’ll explore some of the key features of Scanz and how they can help you achieve your trading goals. So, let’s get started!

Pro Scanner

Scanz’s Pro Scanner offers a powerful, real-time scanning tool that allows traders to create fully customizable scans, from simple to complex, to meet their needs. The scanner has a library of over 100 preconfigured scans that help traders find ideas and get started quickly. With Pro Scanner, traders can create unlimited saved scans, which can be run with a single click.

The scanner has a deep library of over 50 price variables, including last price, bid, ask, net change, % change, opens, closes, highs, lows, and more, as well as a deep library of liquidity variables, such as volume, dollar volume, # of trades, and more. Additionally, traders can choose from a deep library of technical indicator and oscillator variables, including moving averages, MACD, Bollinger Bands, and more, as well as fundamental variables, including financials, share structure, float, market capitalization, short data, and more.

Pro Scanner also offers the ability to scan by market, allowing traders to run scans for Nasdaq, NYSE, OTC, and more, and scan by stock types, including regular securities, ETFs, foreign stocks, bankrupt stocks, delinquent stocks, preferred shares, and over a dozen more categories. The scanner has a powerful auto-sorting/ranking function to see which stocks have the highest volatility and liquidity.

The scanner offers powerful data columns, providing access to data that helps traders make smarter decisions, including company fundamentals, technicals, price, and liquidity. Additionally, traders can download the results of any scan as a CSV file to analyze the data in their spreadsheet software. Pro Scanner also features smart memory, which remembers data columns set up for a particular scan, making scans extremely relevant with data columns that represent each individual scan.

Easy Scanner

The Easy Scanner feature offered by Scanz is designed to provide traders with a quick and easy way to find hot trade ideas. With total market transparency, users get a bird’s eye view of the entire stock market in one simple window, with thousands of stocks updating in real-time. The scanner also offers unparalleled speed, with lightning-fast streaming data on a platform built for speed.

The Easy Scanner also includes auto-sorting and ranking tools to help traders narrow in on the best trading opportunities. Users can filter results by market, and stock type, and customize their filters based on their unique trading needs. The scanner also offers powerful data columns, allowing users to add custom columns to fetch data ranging from technicals to fundamentals to short interest.

In addition to the Easy Scanner, Scanz offers other specialized scanners, including an ETF Scanner to find the top-performing ETFs in any sector, a Sector Scanner to find the hottest stocks in any industry, a Short Squeeze Scanner to identify potential short squeeze candidates, and an Index Scanner to find the best-performing stocks in any index.

Breakouts

The Breakouts feature offered by Scanz provides traders with real-time alerts on trading opportunities. With zero latency, traders can receive streaming alerts that can be filtered by market and stock type to suit their trading style. The feature offers various types of alerts, including new high and new low alerts, price and volume breakouts, and block trade alerts. These alerts are sorted in real-time, allowing traders to focus on the ones that matter most. The feature also tracks alert counts to help traders identify stocks that trigger multiple alerts, indicating a potential trading opportunity. With Breakouts, traders can stay ahead of the curve and take advantage of trading opportunities as soon as they arise.

News Scanner

Scanz’s “News Scanner” feature provides traders with real-time access to market-moving stories and news, giving them a first-mover advantage. The news scanner pulls stories from over 100 sources, including SEC filings, financial websites, and blogs. Traders can customize their news feed using filters and keywords, ensuring they only receive news relevant to their trading style. The news scanner features a sleek, modern design, and audio alerts are available to ensure traders don’t miss out on important updates. The feature is fully customizable, allowing traders to modify the scanning criteria and apply custom filters. Traders can also search for news and press releases by ticker symbol, making it easy to keep track of important updates on the stocks they follow.

Montage

The Montage feature on Scanz offers traders a complete real-time picture of the market with all the information they need to make smarter trading decisions. With the click of a button, traders can access insightful pre-market data, real-time level 1 data, and pivotal post-market trading activity. The feature offers streaming charts with the full power of Scanz’s charting module, including technical indicators like moving averages, VWAP, RSI, MACD, and more.

In addition to real-time data, the Montage feature offers news and SEC filings, time and sales tools, and level 2 data to keep track of supply and demand levels. The averages tab provides data on average trading volume, range, and liquidity, while the fundamentals tab offers a quick snapshot of a company’s financials without leaving the platform.

Traders can also take advantage of the integrated trading feature, which allows them to connect to their broker and trade directly from the Montage window. The tabbed windows feature helps traders save screen real estate by keeping track of multiple tickers in one window, and the chart drawing tools allow traders to add trendlines, fibonacci retracements, custom shapes, and more to their charts. Overall, the Montage feature provides traders with all the tools they need to make informed trading decisions in real-time.

Notifications

Scanz’s “Notifications” feature is designed to help traders stay on top of market-moving events and price movements. With custom notifications, traders can set alerts for specific price levels, volume thresholds, and news stories to get real-time updates when the market moves. Notifications can be delivered in multiple ways, including in-platform pop-ups, email, and soon, SMS alerts.

Traders can also add custom comments to their notifications to remind themselves of why they set them and what they are looking for in the market. The alert history window lets traders keep track of all of their notifications in one convenient location, whether they have already been triggered or are set to trigger in the future. With Scanz’s Notifications feature, traders can stay informed and make quick, informed trading decisions.

Level 2

Scanz’s Level 2 feature provides traders with a comprehensive view of the supply and demand levels for a given stock. The Level 2 window offers real-time streaming data with no delays, lag, or freezing. The display is color-coded by price level, making it easy to gauge the supply and demand levels.

The Level 2 window can be tabbed, allowing traders to track and store real-time data for multiple stocks in one convenient window. An order book summary is provided, which groups orders by price, allowing traders to analyze supply and demand levels more efficiently. Level 1 data can also be plotted on the Level 2 screen, enabling traders to monitor daily volume and volatility with ease.

The Time and Sales tool allows traders to see which orders from the Level 2 window are actually executed, with trades streamed live as they hit the books and colour-coded for easy reference. The Market Maker activity log is a proprietary tool that keeps track of changes to the Level 2 window, providing alerts if a market maker adds, removes, decreases, or increases an order.

Traders can customize their Level 2 display by choosing which data tools they want to show and adjusting sizing and spacing as they see fit. The Level 2 feature provides traders with a powerful tool for analyzing supply and demand levels and making informed trading decisions.

Advanced Functionality

Scanz’s “Advanced Functionality” feature offers a range of powerful tools that traders can use to customize their trading experience. With unlimited layouts, traders can build, save, and load as many custom layouts as they like, whether for a single screen or a multi-monitor setup. The platform also offers window linking, which allows traders to keep different windows in sync, as well as cloning, which enables traders to duplicate powerful tools they have created with a single click.

The Advancers/Decliners window acts as a market report card, displaying the percentage of stocks that increase and decrease each day to help traders better understand the health of the market. The Settings Manager allows traders to modify all platform settings from a conveniently central location or edit settings directly from individual module windows, making it easy to customize the platform to their liking.

Scanz is multi-monitor compatible, allowing traders to use the platform on multiple screens, and comes with a built-in screenshot feature that lets traders capture a shot of any window with a single click. Finally, Scanz is designed to stay up to date with the latest features, fixes, and optimizations, automatically updating to the latest version every time it is launched.

Education & Support

Scanz’s “Education & Support” feature offers users various resources to help them navigate the platform and improve their trading skills. The Knowledge Base is an extensive library of articles and guides that cover everything from the basics of the platform to more advanced trading strategies. The blog provides regular updates on scanning, technical analysis, trading strategies, and other relevant trading topics.

For users who prefer video tutorials, Scanz also offers a series of video tutorials that guide users through the platform’s features. These tutorials are designed to help users quickly familiarize themselves with the platform and get the most out of its powerful tools.

Scanz also offers unbeatable support to its users. If you have any questions or issues with the platform, simply shoot the support team an email, and they will get back to you as soon as possible. With these resources at your fingertips, you can rest assured that you have the support and knowledge you need to make the most of your trading experience on Scanz.

Integrated Broker Trading

Integrated Broker Trading is one of the most powerful features of Scanz. It allows traders to connect directly to their brokerage accounts and trade directly from within the platform. Scanz connects to the 10 most popular brokers, including TD Ameritrade and Interactive Brokers, ensuring that traders have access to their accounts and trading capabilities.

The connection process is fast and simple, with a one-click connection feature that allows traders to log in to their brokerage accounts from within the Scanz platform. Once connected, traders can start placing trades directly from the Scanz Trading interface, which is designed to be clean and easy to use.

The Scanz Trading interface also offers multiple order types, including limit orders and market orders, enabling traders to take advantage of different trading strategies. Additionally, the interface provides real-time profit and loss data, so traders can monitor their profitability without having to check their brokerage statements.

Finally, Scanz’s integrated broker trading feature includes a convenient account management window that allows traders to keep an eye on their positions and monitor their account balances. This means that traders can focus on their trades and not have to worry about using other apps to manage their accounts.

Scanz Pricing: One Platform, One Price

If you’re interested in using Scanz to help improve your trading performance, you can try it out for free for 7 days without needing to provide any credit card information. Over 90,000 traders from all around the world have already trusted Scanz to help them succeed, and now it’s your turn to see what it can do for you.

Scanz offers one comprehensive plan that includes all the features you’ll need to become a more productive and profitable trader. For just $169 per month, you’ll get access to level 1 and level 2 quotes, real-time market data and news, scanning and filtering tools, SEC filings tools, alerting tools, market monitoring tools, level 2 quotes, broker integrations for seamless trading (currently in beta), and more. You’ll also be able to trade ETFs, SPACs, warrants, and preferred shares.

Additionally, Scanz offers an OTC Markets add-on for just $15 per month, which gives you full data coverage for OTC penny and sub-penny stocks, as well as level 1 and level 2 quotes and news and SEC filings.

Final Thoughts on Scanz: A Powerful Tool for Traders of All Levels

In conclusion, Scanz offers a comprehensive and user-friendly trading platform that can help traders of all levels become more productive and profitable. With over 90,000 traders globally putting their trust in Scanz, it’s clear that the platform has a lot to offer.

At $169/month, Scanz’s pricing may seem steep, but it includes level 1 and level 2 quotes, full Nasdaq, NYSE, and AMEX markets coverage, 100% real-time market data, scanning and filtering tools, news and SEC filings tools, alerting tools, market monitoring tools, and much more. Plus, with the option to try the platform for free for 7 days, there’s no risk in giving it a try.

Overall, if you’re looking for a robust and reliable trading platform that can help take your trading game to the next level, Scanz is definitely worth considering. With their fast email support and remote desktop support upon request, you can rest assured that you’ll have the help you need to make the most of the platform.