VectorVest Review
Have you ever wondered if VectoVest is the right trading software for you? I took a closer look at this stock analysis and portfolio management system and wrote this VectorVest review to summarize the most important facts.
As other comprehensive trading software solutions, like eSignal, Trade Ideas and NinjaTrader, also VectorVest can be overwhelming at first. VectorVest is by far more than just a regular stock scanner. It is a powerful stock software.
It takes some time to get used to, but you are in a good starting position since VectorVest provides helpful training videos and tutorials.
What is VectorVest?
VectorVest was created and founded by Dr. Bart Diliddo, a veteran in finances and in the various investment fields. He started by creating market interpretation models and by analyzing market trends more than 30 years ago.
By using these models, he was able to create different software programs that effectively sort, analyze and rank stocks based on their performance. VectorVest 7 is the current main product and VectorVest is a trading software development company based in the United States.
Their aim is to give you a clear direction before you invest by providing tools for stock analysis and portfolio management. Their software tools, like e.g. VectorVest 7 and ProTrader 7, collect, sort and analyze data on thousands of stocks on every day.
Their aim is to provide their users with a clear direction, with unbiased advice, and with essential answers. Predicting market trends and tendencies is a bit easier with VectorVest software and trading tools.
But in the end, you have to make the decisions about the purchases and sales yourself. Because also VectorVest is not the holy grail in trading. Continue reading the VectorVest Review.
Features
So far VectorVest released various products. VectorVest 7, VectorVest Mobile, RoboTrader, RealTime Derby, Watchdog and ProTrader 7 are some of them. The idea is to help you to be more profitable by minimizing the risks in your stock market investments.
One notable feature of VectorVest software is the fact that it displays trading ideas for selling, holding or buying stocks based on an individual analysis of their market value and the current market timing. And these trading ideas are available for every single stock. This can put you in a comfortable position.
You need good tools to make your decisions and VecorVest is one of the better tools being available at the moment. On the other hand, there are also some disadvantages when you compare this service with other tools, like e.g. with TC2000, MarketClub, or TradeStops.
News, Color Guard and Midas Touch
VectorVest is a comprehensive software solution for investors and traders. As soon as the software has been downloaded, it is ready to start. The dashboard in version 7 of the trading software provides a quick overview of the most critical market data.
The so-called Color Guard allows you to display tables in different colors, while the Market Timing Gauge, for example, shows the current market situation in an area highlighted in red, yellow and green.
TradeNow Broker Integration
Ally Invest, Interactive Brokers, QuesTrade and TradeStation can now be connected to VectorVest 7 and mobile.
Market Timing Indicators
Weekly advisories and updates are visualized with graphs and are being provided with clear entry and exit points, depending on your investment approach and your risk tolerance.
Stock Analysis
Over 20,000 different stocks are ranked and analyzed by VectorVest. This included hundreds of different business sectors and industry groups. Rank, analyze with a few simple mouse clicks.
Charts
The VectorVest Charting is powerful. The graphing feature is easy to handle and can be accessed from anywhere within this software suite.
There are different time frames available, and therefore all most important functionalities are being provided. However, the charting is standard and similar to other programs.
7 Markets
VectorVests data is not limited to the United States only. While there are more than 7,900 US-stocks available, there are also
- 3,400 stocks from Canada,
- 1,700 shares from Australie, more than
- 2,000 shares from the UK and more than
- 4,000 stocks from Singapore, Hongkong, and Europe
available within VectorVest. This is a lot and makes this trading software stand out from the crowd.
Plans | Costs | Pricing
The costs of using VectorVest trading software
VectorVest offers different packages. Three different packages are available for VectorVest.
Basic
The VectorVest Basic package with the lowest price is called “End of Day” and costs $69 per month. It comes with a trial period. During the trial period you pay $9.95. This package gives you access to VectorVest End of Day analysis & market timing and access to VectorVest Mobile.
Enhanced
Enhanced is the next package being available. This subscription gives you access to the same services as the previous package, but with the added advantage that you also get live data being updated every 15 minutes. The trial for this also costs $9.95. Afterwards you will pay $99 per month.
Premium
Their third and last package is called Premium. It is being promoted as the best deal for day trading for beginners. Just as its name says, with this you get a live stream of market data without the delay of 15 minutes like with the IntraDay version.
This is the perfect package for active users, like e.g. day traders who trade a lot all through the day. It also comes with a trial period for the price of $9.95. Afterwards you will pay $149 per month.
The biggest advantage of this package is the real-time data that helps you to make fast decisions during the trading day. The other advantage of the RealTime deal is the fact that you get access to
- AutoTimer
- ProTrader 7
- WatchDog
without any additional costs.
If you are an active user in need of a constant stream of stock market data and analysis, VectorVest may be a good choice for you. It is really useful for active stock traders who want to buy or sell stocks at the perfect time.
On the other hand, traders who want to use Artificial Intelligence functions that give them an insight into the market, e.g. via NASDAQ and New York Stock Exchange, may prefer first having a try with Trade Ideas Pro to compare the services before they will make their final decision.
Stock Advisory Mobile App
Access your VectorVest tools like Watchlists, Market Timing and Stock Graphs from everywhere using the Stock Advisory mobile app.
VectorVest Plugins And Add-Ons
RoboTrader Add-On
The RoboTrader Add-On lets you send your buy- and sell orders directly from your VectorVest tool to your broker using the TradeNow functionality. The add-on costs another $99 per month.
RealTime Derby
The VectorVest RealTime Derby leverages the computer power calculating a mini portfolio based on over 100 long strategies and over 30 short strategies. The add-on costs another $100 per month.
WatchDog and SuperWatchDog
WatchDog ist VectorVest’s solution for custom alerts like moving average crossovers and trendline-breaks. While this feature is included in Trade Ideas A.I. Pro, users of VectorVest have to pay a one-time fee of $495 to make use of this feature.
The only exception is that VectorVest RealTime subscribers can access the add-on for free. SuperWatchDog goes a step further and screens the whole stock universe for setups you are looking for. This add-on costs another $99 per month, for any VectorVest 7 subscriber.
ProfitLocker Pro
We did not reach the end of the VectorVest-App list in this VectorVest review. ProfitLocker Pro is something like a trailing stop that secures already existing profits trailing the stop based on defined criteria. And yet another $99 per month if you want to use this add-on.
ProTrader 7
ProTrader 7 is another feature that is included for VectorVest RealTime subscribers paying $149 per month. However, also EndOfDay and IntraDay subscribers can use this plugin but have to pay a one time fee of $495.
For this money you gain access to pre-buildt searches like fundamental screens and technical conditions like Crossovers, Moving Averages and Channels.
Even more plugins
There are even more plugins available. Options Analyzer and OptionsPro are designed for options traders. While brokerage tools like TraderWorkStation from Interactive Brokers have this included in the plattform, VectorVests charges $495 one time fee for the Options Analyzer and $249 per month for Options Pro.
The Autotimer and the Personal Portfolio analysis completes the whole plugin and add-on series. For my taste, by far too many plugins. But on the other hand side, investors can directly chose the add-on that they need saving some money for tools they do not need.
Free Trial | Promo Code
A trial period is available for all of their products. You can use this trial period to gain confidence in the product and to find out if you like this kind of service. By the way, all subscription packages include a trial period for the same price.
Afterward, you can subscribe fully if you are satisfied with the product. Having the opportunity of this 30-day trial is a big advantage, even if the trial is not really free as it costs $9.95.
- Founded: 1991
- Company address check: 20472 Chartwell Center Drive, Suite D, Cornelius, NC 28031, United States704-895-4095
- Free trial: 30-day trial
Who Is VectorVest Best For?
For traders who want to stay ahead of the rest in today’s competitive market, VectorVest is a tool that they could give a try with the free trial. The trial period is perfect to find out if VectorVest meets your needs or not.
VectorVest belongs to the most popular investment software solutions for stock traders and private investors.
VectorVest Review Summary
VectorVest’s prices are also competitive, but compared with the functions that other tools include, it is expensive because of their module pricing. The costs of VectorVest for the core packages are reasonable. But with all the higher-priced add-ons, it can become expensive with $500 and more per month.
For that reason, it is crucial to use the trial period to find out if it fits your requirements. I like the fact that VectorVest has it’s 30 day trial period.
You will agree that $9.95 is a reasonable price for the trial period of 30 days. The services you get are worth your money if the product is precisely what you are looking for. You are provided with subscription options that you can choose according to your needs. VectorVest´s help desk is ready to help. You can contact them by e-mail and on the phone.
They help you to set your account and they explain well how you can use it best. This is a big advantage, especially for beginners. If you are interested in their products, you can visit their website at www.VectorVest.com to get more information.
VectorVest is an impressive toolbox for traders and experienced investors. There is a lot to like about it, but the moduled pricing makes it hard to estimate the overall cost correctly.
If you are searching for automated trading, other trading tools, like e.g. NinjaTrader 8 and Trade Ideas, may be the better alternative for you as at the moment the RoboTrader feature that VectorVest provides costs additional $99 per month or $1.095 per year.
Best in class AI stock screener: Trade Ideas Pro
The traders being focused on strategy development being based on Artificial Intelligence and a fully automated trade execution of those strategies may better take a closer look at Trade Ideas Trading Software packages. Free educational material and hundreds of trading strategies and trade ideas are waiting for you there.
Pros
- Standard VectorVest 7 package with competitive pricing
- Robo-Trader feature available
- Brand new stock advisory for iOS
- 5 weeks of risk-free trial
Cons
- Different add-on modules with separate pricing
- No Artificial Intelligence features available like within Trade Ideas Pro
What is the best starting point for the VectorVest download?
The best starting point for VectorVest is the free trial subscription. After the sign-up, use the provided details for the VectorVest 7 login.
Can VectorVest be used on MAC?
VectorVest is a Windows based trading software and can not be used with MAC directly. However, when you use a Windows partition on MAC, VectorVest can also be used on MAC-devices.
What are alternatives to VectorVest?
VectorVest is one of the most popular charting software packages being available. However, alternatives are eSignal, NinjaTrader, TC2000 and MetaTrader. In terms of robotic trading, Trade Ideas is probably the biggest competitor.
What are the VectorVest system requirements?
VectorVest runs on Windows systems with at least 512MB RAM Memory, 500MB hard disc space and 800MHz CPU, monitors with at least 1024×768 resolution and a 56k dial up connection. However, traders should have a PC with a 2GHz or faster CPU, 1GB RAM Memory, 1280×1024 monitor resolution, 1 GB hard disc space and a DSL-speed internet connection for maximum comfort.
Rating:
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