eSignal Review 2018 + Videos
On the market for traders and investors you will find a countless number of stock trading platforms and charting software.
Some of these platforms offer free service that only consists of end-of-day stock prices (EOD OHLC).
Others provide their users with individual support and real-time stock price updates. In addition to this, the users have the choice between software to be downloaded and web-based programs to use.
It may be confusing and overwhelming to find the perfect charting software and trading website for your personal needs.
If you want to get to know if eSignal may be better for you than, for example TradeStation, NinjaTrader, TC2000 or MetaStock, you have the possibility to read plenty of eSignal testimonials online.
In the following eSignal Review I will share my personal opinion and experiences in a detailed way that will include their prices, their support, their charts and their software.
I will consider to do this for beginners as well as for professional and experienced traders - for all of you can see if eSignal may be the right charting platform for you.
There are some questions that many traders use to ask about the eSignal trading platform:
- What is eSignal?
- Did eSignal win any award yet?
- How much do I have to pay for the services of eSignal?
- Does eSignal provide helpful support for the users?
In the following I will answer these questions.
What is eSignal?
eSignal is a charting and trading platform that gives all members the opportunity to chart with real-time data, including some specific services.
This platform is detailed, easy to understand and based on Windows while it is also compatible with MacBooks.
The users may connect with 42 brokers right now while they are doing their trades in one trading platform.
Users who are searching for real-time data, for charting and for trading capabilities will surely benefit from this kind of a dual platform.
As a division of Interactive Data, eSignal belongs to the popular and well-known providers of real-time financial data and of high quality solutions for experienced and professional traders.
The products and services that eSignal offers have already won several awards and during the time of more than 25 years, tens of thousands of traders have used this platform.
With the help of the significant range of offers for education, it is suitable for beginners who only have a limited working knowledge of coding, chart market changes and data searches so far.
The subjects and features cover the majority of all important markets and channels.
On the website of eSignal potential users will read that this platform is useful for people with all possible kinds of an investing background.
For example they say that every trader wants correct and completely accurate data and that this trading tool will help the users to get absolutely current and faultless data, good looking charts and the ability to set alerts.
Every experienced trader will confirm that it is really essential to be able to set alerts on certain prices or on other trading indicators.
For the subscribers to the Elite plan, eSignal offers a training course to get familiar with the software that eSignal provides, to gain the skills to understand the market and to learn how to work with their advanced tools like, for example Elliott Waves, Fibonacci and Gann tools.
At this point it is also important to mention that the eSignal software is described as being especially user-friendly.
It is a big advantage that it saves the given information as this allows the users to navigate several devices at the same time without any need to repeat it to put in the information again and again.
As an experienced trader I know that every single second may be the most important second of all and that it may truly make a difference in the daily business.
So, it is a more than valuable help to have the perfect tools in the right moment.
eSignal released the new version of their software that includes a number of new additions, especially for the app store and for the integration in social media features.
It is one of the goals of eSignal not only to create an innovative platform for trading and charting, but at the same time also an integrated community of active traders.
Did eSignal win any award yet?
On their website, eSignal mentions some awards. The number of these awards may be the perfect answer to the question mentioned above.
There are fourteen awards that eSignal received by now, for example the T2W Members’ Choice Award for the best A.I. software in 2005, in 2006, in 2008 and in 2009.
In addition to this, eSignal received awards for their software and support, for the best system for stock trading and for the best end-of-day data service.
However, its beeing a long time since last award was given.
For a complete answer to the question we also have to check the balance of price and service that you will find at eSignal. In the following we will have a look at this.
How much do you have to pay for the services of eSignal?
When we want to be sure if the services of eSignal are worth the price, we have to examine all of their offers and we have to analyze if the majority of the reviews confirms that the company keeps its promises.
eSignal offers three different service levels.
The first of them is called the Classic plan. It is meant for the “casual” trader who does some trades in every month, but not on every day. This basic service has a delay of 15 minutes and it is available for a monthly charge of $ 47.
The second level is called the Signature plan and this is their most popular kind of subscription. This service provides all data in real time and it is available for a monthly charge of $ 152.
The Classic plan only allows the subscribers to check out up to 200 symbols at a time. With the Signature plan this number increases to 500 symbols.
In addition to this, the users of the Signature plan get access to the eSignal learning center. This database offers beginners in the business the chance to gain all basic knowledge for trading.
At the same time it offers professional traders the opportunity to improve their skills and to use the latest trends and market reports for always being completely up-to-date.
The third option is the so-called Elite plan that is available for a monthly charge of $ 309.
When you compare it with similar offers on the market, this one seems to be a little more expensive than others, but you get a lot of value for your money.
This subscription includes personal mentoring, real-time data streaming and an extended history access and, in addition to these important features, the Advanced GET technical analysis trading platform.
This additional platform offers their users the opportunity to track the highest and the lowest stocks in several categories, to chart projected earnings and to perform their trades directly on the eSignal trading website.
Beside this, the included historic data makes it possible for the subscribers of the Elite plan to watch the project outcomes of several markets and channels without the risk to spend real money.
How are the costs of eSignal compared with other companies?
TC2000 is besides NinjaTrader presently eSignal's main competitor. This website has been created for users who are still beginners in trading.
These will have to pay a little more for the services of eSignal. Most of the programs of TC2000 and of other similar competitors cost between $ 100 and $ 120 per month.
For a monthly charge of $ 89, for example TC2000 provides real-time data, analytic capabilities, different kinds of charting and a mobile-friendly software.
However, TC2000 will not be the best possible choice for traders who want to analyze, to chart, to predict and to make their trades within the same program.
With the software that most of the competitors provide, it is only possible to watch a few data points before serious delays and crashes may happen.
During the last years eSignal went on upgrading their software constantly.
The users of eSignal may also adjust their charts to the kind of industry, to averages in history, to high-performing stocks and to other preferences they may have.
When you consider all important aspects of the service including the customer support, the system support and all updates and features, it is really worth it to pay the price for what eSignal offers and provides.
But only, if you income is high enough to pay those rates. Otherwise free trading tools like NinjaTrader (without brokerage connection you can use NinjaTrader for free).
Does eSignal provide helpful support for the users?
Without any doubt, the eSignal support is even the highest rated factor of all. It doesn't matter which one of the three different plans the user has chosen.
The help and support section on the website of eSignal offers all users a constant support service for 24 hours on seven days a week.
The users are free to make their choice between the direct live chat with the support stuff and the Knowledge Base including answers to questions that have already been asked before and regarding problems that have been solved.
The Knowledge Base of eSignal is really extensive. With its help the users may easily solve different kinds of issues being connected with the downloads and the usability, the symbol guides and Quotreck Mobile.
This is the name of a brand-new additional feature that transfers all kinds of live-stream data directly from the program to the users' smartphone or tablet.
In addition to the Knowledge Base and to the personal support, eSignal also provides a blog and a daily newsletter for the users.
Their newsletter contains a lot of useful trading advice and tricks and interesting historical evaluations regarding high and low performing markets per day, per week and per month.
It is true that, compared with the prices of the competitors, the users of eSignal have to pay a little bit more for the services.
But the permanent support and the certainty not to have to be afraid of possible lags or crashes gives the traders who have chosen eSignal some precious peace of mind and some significant safety that are worth it to invest a little bit more.
eSignal Review summary
Considering all important parts of the service, eSignal offers an especially stable and reliable tool for all professional and serious traders.
All of their many helpful features and of their constant updates are truly making it possible for every trader to work with the strategy and the style that the trader prefers.
As I said before, it costs a little bit more than similar services, but this outstanding tool is worth the price if your trading income is high enough.
The eSignal trading software will make your trading and your investments a lot easier, faster and more comfortable. That's why it makes sense to check out the free trial for 30 days.
If you cancel your subscription within the first 30 days of service, all fees will be refunded to you (minus taxes, add-on services, activation and exchange fee).
Please, be aware of it that every customer can use the free trial only once.
- Quotes & Charting for Stocks, Forex, Futures and Options
- Lots of Add-Ons available
- Streaming Real-Time Data
- eSignal Elite costs $309 per month, plus exchange fees
- Every Add-On for additional charges
- Taxes may be added on top
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