InsiderFinance Review
Ease of Use
Quality
Value
Summary
In the market for a new trading platform? InsiderFinance is a trading platform with a focus on unusual options order flow and dark pool trades. This platform includes features such as options flow analysis, individual ticker analysis, top ticker lists, and news analysis, as well as crypto and forex analysis tools. Read our complete InsiderFinance review now to learn more about this platform.
About InsiderFinance
InsiderFinance is a trading platform that helps you see what institutional investors are buying and selling. The service focuses on unusual options order flow and dark pool trades, both of which are hallmarks of institutional activity. InsiderFinance also offers technical analysis and actionable trade ideas based on unusual order flow.
So, can this platform help you follow smart money moves and make better trades? Keep reading our InsiderFinance review to find out.
InsiderFinance Pricing Options
InsiderFinance offers a single subscription that you can pay for monthly, quarterly, or annually. A monthly subscription costs $75, a quarterly subscription costs $195, and an annual subscription costs $660. The platform does not offer a free trial.
If you only want access to InsiderFinance’s technical analysis tools, you can purchase those without the main options order flow dashboard. The technical analysis toolkit costs $39 per month, $102 per quarter, or $348 per year. All of the automated technical analysis tools that InsiderFinance offers are designed to be used with TradingView’s charting platform.
InsiderFinance Video Review
InsiderFinance Features
Options Order Flow Analysis
The main feature of InsiderFinance is its option flow analysis dashboard. In this dashboard, you can see a list of ticker symbols for which InsiderFinance has detected high options order flow that likely represents activity by institutional and professional investors. Tickers are displayed in a table that lets you easily sort by put flow, OTM (out of the money) percent, average expiration date, and unusual OTM option flow.
Secondary charts enable you to quickly plot data like OTM distribution, call and put volume, and premiums for the top 10 tickers in your sorted table. You can also view a chart of aggregate put and call flow, offering information about whether market activity is overall bullish or bearish.
InsiderFinance also displays options orders in real-time for all orders with a total premium of more than $10,000.
Dark Pool Prints
InsiderFinance offers dark pool data in a widget alongside its main options order flow feed. Dark pool trades are block trades executed over-the-counter instead of on a major exchange. Each print shows the ticker, execution price, trade size, and total trade value.
Options Flow Scanner
InsiderFinance’s option flow and dark pool displays are made more useful thanks to the fact that you can set up custom filters to scan them. You can filter by trade type (sweeps and/or unusual OTM options), expiration, price, and OTM percentage. You can also filter for tickers that are experiencing overwhelmingly bullish or bearish options activity or which have significantly higher than average trading volume.
Individual Ticker Analysis
Once you find a company with unusual activity, you can analyze previous options flow activity using InsiderFinance’s individual ticker analysis tools. You’ll see all of the options trades with premiums over $10,000 that InsiderFinance has detected as well as any dark pool prints.
Even better, InsiderFinance incorporates charts from TradingView so you can perform technical analysis without switching platforms. If you have a TradingView account, you can also take advantage of InsiderFinance’s proprietary technical analysis tools in TradingView’s platform, which is more customizable than InsiderFinance’s charting window. Some of the available indicators include trade triangles that serve as buy and sell signals, trend reversal diamonds, a momentum ribbon, and a custom squeeze indicator.
The results of InsiderFinance’s indicators are summarized by a buy/sell indicator that is available on timescales ranging from one minute to one month.
Top Ticker Lists
InsiderFinance offers lists of top tickers based on unusual OTM percent, trading volume, and sweep activity. These lists are updated every 3 minutes throughout the trading day, so they offer a good way to find potential trade ideas. However, these lists aren’t significantly different from what you would find using InsiderFinance’s dashboard and scanning tools.
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News and Sentiment Analysis
InsiderFinance aggregates news from a variety of market news outlets including Reuters, Benzinga, CNBC, Fox Business News, and others. The platform uses text analysis to assign a positive, neutral, or negative sentiment to each story.
You can track news sentiment for the entire market on a day-by-day basis or view the distribution of positive and negative stories for the most talked-about tickers each day. A scrollable news feed allows you to quickly check recent stories around tickers that you’re interested in researching further.
Cryptocurrency and Forex
InsiderFinance also has basic analysis tools for cryptocurrency and forex trading. For cryptocurrency, InsiderFinance calculates several scores based primarily on social media sentiment and trading volume. For forex, InsiderFinance calculates scores based on market news sentiment.
For both cryptocurrencies and forex, InsiderFinance issues trading signals based on technical support and resistance zones. There’s also a crypto and forex market scanner to help you find trading opportunities based on sentiment and InsiderFinance’s automated technical analysis.
Customization and Layout
InsiderFinance is available as a web platform only and does not have a mobile app. The options flow dashboard has several layouts available, but you cannot create custom layouts. You can create a watchlist and quickly filter the options flow dashboard to only display tickers in your watchlist.
InsiderFinance Platform Differentiators
InsiderFinance offers a fast and simple way to find ticker symbols that are experiencing high or unusual options order flow activity. The options flow analysis dashboard is simple to use, and the integrated scanner allows you to quickly sort for options activity that is meaningful to your trading strategy. InsiderFinance doesn’t offer as many filters or as much on-demand historical data as comparable platforms, but this also makes the platform more approachable for intermediate traders.
InsiderFinance offers more technical analysis features than similar options order flow platforms, integrating TradingView charts directly into the platform and offering proprietary indicators for traders with a TradingView account. The technical-based buy and sell indicators can be very helpful when used in tandem with the platform’s data about options activity.
Another unique aspect of InsiderFinance is that it offers data about cryptocurrency and forex in addition to stocks. However, the tools for cryptocurrency and forex analysis are still quite limited and aren’t on their own enough to support crypto and forex traders.
Check out some of our other options scanner reviews if you’d like to see how InsiderFinance compares:
What Type of Trader is InsiderFinance Best For?
InsiderFinance is best for day and swing traders who want to use unusual options activity – a proxy for what institutional investors are doing – to guide trades. The platform makes it easy to find unusual OTM options and tickers with unusually high options activity. In addition, premier technical analysis tools enable traders to track buy and sell signals for individual tickers on timescales as short as one minute.
Is InsiderFinance Worth It?
InsiderFinance can be very worthwhile for active traders who rely on options order flow to spot opportunities and generate trade ideas. The platform is competitively priced compared to other options order flow scanners and provides a lot of the same data.
The main reason to choose InsiderFinance over a competing platform is its integrated technical analysis toolkit. If you’re a TradingView user, the automated technical analysis script that InsiderFinance provides can be worthwhile on its own. It offers actionable trading signals and provides a ton of current market context around unusual options orders.
The drawback to InsiderFinance is that its options order flow analysis tools aren’t as robust as what some competitors provide. You can’t set up alerts, for example, and there aren’t algorithms or color-coding to help you interpret complex data in real-time.
It would be nice if InsiderFinance offered a free trial so that you could test out the platform before signing up. We suggest signing up for a one-month subscription to try it out, then switching to a quarterly or annual subscription if you decide InsiderFinance is right for you.
Pros
Straightforward dashboard with integrated options activity scanner
Technical analysis using TradingView charts and proprietary indicators
Supports news sentiment analysis for stocks, forex, and crypto
Affordable pricing
Cons
Limited scan options and no saved scans
No mobile app
