The stock market is so different now than it was 10-20 years ago. We have more information and more noise than ever. Traders have to find a way to navigate the complex environment and get only the relevant and worthy news.
Whether you trade stocks, ETFs, futures, FX or other instruments across various market sectors, the most damaging thing to your success is the data and analytical tools you add to your strategy. A few years ago these would have cost you a small fortune per month, but now things are different, thanks to Koyfin.
This Koyfin review has everything you need to know about one of the most affordable financial data platforms out there, providing data for informed investing. Is it one of the best free stock research websites and is it worth it? Let’s find out.
What is Koyfin: Financial Data
The tool covers stocks, bonds, mutual funds, ETFs and FX. The data also covers all types of economic news and Twitter signals. Koyfin gives users a 360° view of everything moving the stock market and impacting their portfolios.
Two former Wall Street veterans created the platform to level the playing field and give retail traders and investors a tool to compete with the big boys and those who can’t afford expensive market intelligence and data dashboards like the Bloomberg Terminal.
Koyfin’s platform is designed to simplify your research workflow, with customizable features and real-time data feeds to help you make better decisions.
Koyfin’s mission is simple. It gives users a platform full of charting and analysis tools to turn data into action.
Thousands of investors use Koyfin to research stocks and understand the market.
Koyfin’s platform has many advanced features. Technical analysis tools, price charts, data visualization tools, data dashboards, drawing tools, watch lists, market sectors overview and more.
Advanced Graphing and Visualization
As the name suggests, the Advanced Graphing feature gives you charting tools to visualize information better.
The overview dashboards and graphs are user-friendly, intuitive, interactive and highly customizable. You can plot information across all the supported assets and tailor the price charts to your trading needs and investment strategy.
With Koyfin’s drawing tools you can mix technical and fundamental data to find trading signals and track historical performance. Traders can access over 100 technical, fundamental and valuation indicators. You can add notes and highlight trends, prices or percentage moves on your price charts.
You can export, share and save your graph templates. This makes the platform ideal for businesses like wealth managers who need to show their ideas to clients. You can also embed the generated graph or price chart on your site or share with colleagues, clients and fellow traders.
My Dashboard
All your account information is in one place and easy to navigate. No more screen switching or searching through Koyfin to find what you need. The unified view has everything you need at your fingertips.
You can create custom watch lists across different asset classes. They can be tailored to your trading style and preferences.
Koyfin users have no limit on the number of watch lists they can use. For example, you can have a separate dashboard for every asset class or client portfolio under management.
Through the customizable tables you can also separate fundamental data and technical data and market data so you can focus on what’s most important for your investment strategy.
You can share your market overview dashboards with colleagues, follow your peers and track their progress.
Financial Analysis
The ability to do deep financial analysis is usually reserved for those who can afford to subscribe to multiple providers. But with Koyfin you get everything you need under one roof.
The financial analysis is one of the key differentiators of the platform. The number of fundamental metrics you have access to is unmatched by any other platform in this price tier and market segment. For example with Koyfin you can get valuations, financial statements, company snapshots and more. Quarterly results go back 2 years, annual results go back 5 years.
The fundamental and technical analysis features allow you to drill down and see the most important fundamental metrics used by securities analysts, such as profitability, efficiency and liquidity ratios.
More importantly the way the information is structured helps to simplify financial statement analysis and focus on the essentials like valuation metrics and more. So you can save time and make financial analysis a breeze.
Besides having quick access to key highlights you can also “subscribe” to them. So you can track a company’s financial health and in a format that suits you (graphically, in table form, etc.).
Macro Dashboards and Economic Indicators
With this feature Koyfin users get 360 degree coverage of all markets and actionable insights. From currency and security prices to macroeconomic indicators and global trends you can have an all encompassing analysis tool for the entire market.
Just think about it – if you want to hedge your portfolio against global macro risks you need to track many things at once. This is a tough task considering the amount of information that flows through the markets at any given time. But Koyfin has found a way to solve this problem. The tool brings everything you need to know under one roof. So you can drill down into multiple dashboards based on asset classes or market themes.
The macro data is combined in another standalone World Economics dashboard.
It has the critical economic indicators that can impact your portfolio performance. Plus an Economics Calendar page that covers each country’s economic data releases.
Koyfin API
For now Koyfin doesn’t offer an API. Based on their website it seems they won’t be offering one anytime soon.
Koyfin says users can’t extract data via API because of restrictions from their data providers. The platform wants to stay focused on the analytics business and not get in the way of their partners who are specialized in the API space.
Koyfin vs Bloomberg
The truth is Koyfin can’t match the number of tools and features Bloomberg has but that’s not surprising. Bloomberg is for institutions and advanced traders who can afford the monthly subscription fee.
But Koyfin is one of the best and most trusted alternative to Bloomberg for retail investors. It has all the basic features Bloomberg has, including personalized watch lists, multiple types of metrics and information (fundamental, technical and market), advanced charting, macro data and timely updates, asset class and investment comparison, corporate credit index performance, valuation highlights and more.
With Koyfin you can track price targets and earnings estimates from professional stock market analysts from the comfort of your own home. Plus Koyfin has Bloomberg’s global yield curve comparison feature for countries and maturities.
Koyfin Screener Review
Koyfin’s screener is a powerful tool to help you filter through stocks, ETFs and mutual funds based on many criteria. Whether you’re looking for technical indicators or fundamental metrics the screener has you covered. It has about a dozen pre-built screens which can be a great starting point for beginners. For advanced investors the ability to create custom screens based on their investment needs is a game changer. This feature allows you to quickly and easily find investment opportunities and narrow down your search to the best candidates. With Koyfin’s screener finding the right investment has never been easier.
Koyfin Investment Research
Koyfin’s investment research is designed to give you a comprehensive and in-depth view of market data. The platform has many tools and features to help you research including detailed financial statements, analyst estimates and market dashboards. These tools allow you to drill down into the financials of any asset. Plus Koyfin’s ability to connect with external sources and tools gives you access to a lot of data and insights from one place. This makes research more efficient and effective.
Koyfin Pros and Cons
Pros:
- Financial market data and analysis tools
- Screener to find investment opportunities
- Customizable dashboards and watchlists
- Connect with external sources and tools
- Unlimited custom formulas
- User friendly interface
Cons:
- Limited free plan with limited historical data and technical analysis tools
- No data export or API for advanced users
- Interface could be more streamlined
- Limited educational resources for new users
Koyfin Alternatives
If you’re looking for alternative financial analytics platforms:
- TradingView: Known for its advanced charting and technical analysis TradingView is favorite among traders who need detailed visualizations and real-time data.
- Morningstar Investor: This platform is great for fundamental research and analysis of stocks, mutual funds and ETFs so it’s a go-to for long term investors.
- Finviz Elite: Has advanced charting, real-time data and powerful screening tools so it’s perfect for those who need comprehensive market analysis.
- TipRanks Premium: Unique in its approach TipRanks aggregates and analyzes the performance of financial analysts, bloggers and insiders so it’s a different perspective on market trends.
Pricing
Koyfin has three plans. The free plan is a good starting point for beginners to try out the platform. It has 2 watchlists, 2 screens, 2 dashboards, 2 chart templates and advanced graphing. The Plus plan ($45/month or $420/year) adds unlimited watchlists, screens, dashboards and chart templates and data downloads, filings access and transcripts. The Koyfin Pro plan ($100/month or $840/year) adds unlimited custom formulas, US mutual funds data, training webinars and priority support.
Koyfin User Reviews
Koyfin has received positive reviews from users with many liking the financial market data, screener and customizable dashboards. Users like the platform’s ability to give them detailed and actionable insights which helps their research. However some users found the platform overwhelming for new users due to the many features and data. But overall Koyfin is considered a valuable tool for investors and researchers. On Trustpilot Koyfin has a 3.1/5 rating with 67% of users giving it a positive review and saying it’s good for financial analysis and research.
Koyfin Review Summary
Koyfin is like the budget Bloomberg. Or the financial analytics platform for the masses to research stocks and other instruments. It can’t match the investment research and data visualization of the more expensive one but it has so much to offer that it’s free.
If you’re a retail trader or long term investor Koyfin will give you everything you need to do fundamental, technical and market analysis in one place.
Rating: ★★★★
