In-Depth Review of the eSignal Trading Platform

In-Depth Review of the eSignal Trading Platform

 

There are tons of different trading platforms and software to help with your charting out there. Some of them even offer free services in the form of information on stock prices at the end of the day. So, it is rather clear that you have some choices to make.

In fact, the number of options makes finding the perfect software for your needs is not an easy task. So, if you want to know if eSignal is the right choice for you, read on, it should help you.

What is eSignal?

To put it simply eSignal is a trading and charting platform. It allows its members to trade, gain information in real-time and create charts with that live data. So, if you are searching for a service that allows real-time charting and trading on a single platform, this could be it.

Since eSignal is a part of Interactive Data you can expect quality data.

Of course, as many other services, eSignal offers online education if you want it. This means that the platform is suitable for the new guy as well. And it only requires a very limited knowledge of data searching and coding.

The features will cover most of the markets and channels you might find important.

Once you start browsing through their website you will see that the platform is rather useful. And it can come in handy for any type of a trader. The data is accurate and the platform performs regular updates while the design is rather clear. Of course, you will also be able to set alerts, something that everyone with experience agrees is important.

You can also save all of the settings you make so you can use multiple devices to navigate at the same time.

Of course, they offer a range of services with different costs, so let’s take a quick glance at those.

eSignal CLASSIC

For the casual trader, this plan has everything you need. While it is not perfect for day traders who try to make quick trades, it is a great choice for those who make a couple of trades each month. This is the basic version of the service that costs only $47 a month, but it has a delay of 15 minutes.

eSignal SIGNATURE

As always, the medium option is the most popular one. The Signature plan provides every information in real time and it costs $152 per month. And, while the Classic plan allows you to check out 200 symbols or less at a time, this one allows up to 500. Additionally, you will also be able to use the learning center. With access to this database, beginners will have what they require to gain knowledge.

eSignal ELITE

The Elite plan is the most expensive one. It will cost you 309 dollars each month, which is definitely not a small figure. However, if you are serious about trading it might be well worth the money. The Elite subscription plan includes multiple features. With it, you will also have extended access to the market’s history, and the Advanced GET platform for technical analysis.

The additional platform will offer you an opportunity to analyze the market a lot more thoroughly than previous plans would. There are multiple categories you can use to track the stock in its lowest or highest settings. You will be able to project your earnings and trade through the eSignal website directly.

Customer Support

One of the things eSignal excels at is customer support. And it doesn’t change depending on the plan you are using. You will have 24/7 support access via the website by using the chat function. You will also be able to access the FAQ portion of the site in the form of their Knowledge Base. In fact, with the Knowledge Base, you will rarely actually require help from the support team as it is very extensive.

Pros

*Charting is advanced and simple to do.

*Various add-ons available to make your trading easier.

*Access to a stream of real-time data

Cons

*The Elite plan costs over 300 dollars a month, and that is without exchange fees.

*You have to pay for every add-on you choose.

*Some features are hard to use.

Verdict

This is a very useful tool that can come in handy for anyone willing to put in the effort. Of course, it will cost a bit more than the others, but overall it should be worth it. You can also use the option to check it out with a free trial period of 30 days. Definitely worth giving a shot.

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