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Atom Finance Review 2020: Is It Worth It?

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Written by Ryan Scribner
Updated on May 8, 2020
Atom Finance
  • Pricing
  • Data & Research Tools
  • User Friendly
  • Customer Service
  • Sign Up Process
4.3

Summary

Atom finance offers a no-cost solution to help you make stock trading decisions. While at the same time, other companies charge you thousands of dollars per year. The total funding of atom finance is now 12.5 million dollars. The latest financing round helped the company in expanding its engineering team. Their team is working on growth, operational functions and product marketing.

Atom public beta has more than 100,000 sign-ups now and the popularity is growing quickly. Commission free trading apps like Robinhood have made it free to place trades. Now, Atom finance aims to make it free to have access to institutional investment data.

Pros

100% free for individual investors

In depth investment research platform

Data collection of your favorite companies

Fast sign-up process

Free comparison of different companies

Easy financial modeling tools

In-depth analysis of stocks

Synchronize portfolio options

Bank-grade encrypted connection

Cons

No live chats

Weak customer support

They do charge for institutional access

Atom finance is the Brooklyn based company that has set a goal to build the best investment research platform and application. 

It is a news media and financial technology company that offers all the data, resources, and analysis available to institutional investors. 

With atom finance, you can track all of your investments in one place. It also provides you with the opportunity to link your brokerage accounts. After that, you will be able to get exclusive price alerts, all the market briefings and much more.

You just need to link your account to the atom finance to see returns, trades, holdings and more. You can also see real-time P&L and your portfolio statistics. With atom finance, you can also track the data of your favorite companies. 

The goal of the atom finance is to introduce a democratic system to access high-quality resources to invest. This will provide you with detailed information about the financial state, valuation metrics, and consensus estimate for a given company.

You can also check the transcripts, events, curated news and SEC filings. It will help investors like you to make informed, educated and wise investment decisions.

Atom finance provides in-depth coverage of markets and stocks. It also explains the reasons for price changes and real-time commentary of the stock price movements.

It allows you to create financial models without using Microsoft Excel or other spreadsheets. Users are also able to sync the multiple brokerage accounts to track and analyze all of their investments. 

The best part is, it's 100% free for individual investors.

Click here to Sign Up for Atom Finance!

How Does Atom Finance Work?

For the most part, this app best serves active stock market investors. This is the type of investor who picks and chooses their own stocks or ETFs to invest in, rather than having their money managed by someone else.

The financial markets move fast, and atom finance delivers the insights in real-time. You don’t have to worry about getting lost in millions of data points.  

Atom finance offers reliable investing tools to manage your portfolio. You can track profit and loss, see account history and transactions and analyze the data. 

To start, you have to sign up for atom finance.

Open the website and simply click on the sign-up button to start. Enter your details and complete the form to finish the registration process. 

You can get started by following the 3 or more companies. In the search bar, you can search 3 companies to follow. Click on submit and you are up and running with data. 

After that, the dashboard will appear. It provides you with up to date reports. In this section, you can check the complete overview, earnings, valuation, financials and industry details. 

The live trade section will help you make decisions about investing in a certain company or not. Atom finance also provides the pre and post earning notes and other key excerpts on the conference call. 

It provides noteworthy corporate actions that include strategies, announcements, M&A, rumors and much more. Their security is incredible as you can connect your account using Plaid, a financial service that uses the bank-grade security protocol. 

Atom Finance Features

Atom finance provides a lot of features, and these are as follows:

Market News And Updates

Atom finance gives you access to the market news and updates in a very efficient way. When you sign-in to your atom finance account, you can see the complete dashboard settings that include the feed button.

It is your news feed that will provide you with all the information, sectors, topics and stories about the companies you care about. 

The good thing about the Atom finance news and updates section is that it will only provide the relevant information. For instance, if you choose 3 companies to follow, you can see news and updates about those specific companies. You won't be bogged down with other news that is not relevant to you. 

Unlike Robinhood, AF works on research, and it even provides you opening, midday and market closing reports. It works as a great supplement to brokerage accounts that have minimal research tools, such as Robinhood. 

Track All Your Accounts In One Place

Using Plaid, you can link all your financial accounts to track them in one place. 

Sync and track all your linked investment accounts to monitor stats, real-time profit & loss statements and much more. 

Stock And Portfolio Alerts

This app helps you to keep track of your stocks with multiple watch lists. It also creates price alerts to notify you if the stock is seeing significant movement. 

The atom finance app has a simple UI, where you can easily track stocks, bonds, currencies and commodities. It is easy to set alerts for any stocks/assets you invest in or are keeping an eye on. 

You just have to set-up the watch list, and then you will be able to get live quotes and other useful data. With atom finance, you can have fast access to the breaking information in no time. 

Analyze And Research Companies

You can easily analyze and research companies after logging-in to your atom finance account. Search any company in the search box using its name or a ticker. Atom finance will provide you with all the necessary information in no time. 

You can check out the 3 briefs for the day like morning brief, afternoon brief and evening briefs. You can analyze complete stock reports of top movers and trending ones.

Atom finance offers you the 5 products on windows, android, and on iOS platform.

Here is the list of these 5 products:

  • Sandbox: This product gives you instant financial modeling with consensus projections. It will automatically recalculate and update over time.
  • Portfolio: You can track portfolios and your linked investment accounts to monitor real-time profit and loss, diversification and other stats.
  • X-ray: Atom finance x-ray is a financial research search engine for SEC filing, analysis, news, updates and events. 
  • Collaborate: Group chats, conference calls and discussion boards to share insights with fellow investors. 
  • Compare: You can generate a comparable company table within atom finance. It is best for comparing companies and different sectors.

Create Financial Models

The financial model is simply used to forecast business performance in the future. That typically depends on the companies historical performance and future assumptions.

It utilizes income statements, cash flow and other data points.

In the past, you had to use spreadsheets to create these models. Now, you can easily create your financial models without using spreadsheets.  

The sandbox feature will allow users to create financial models directly on the platform. This will save the user time and prevent them from manually refreshing inputs to their models.

Analyst Estimates And Market Commentary

With atom finance, you can get access to the detailed consensus estimates that are aggregated from professional analysts. 

The analyst estimates include market commentary, real-time quotes, SEC filing and history of financial transactions. Atom finance is a game-changer for getting ahold of key data and analyzing it. 

Atom Finance Fees

The best part is, Atom Finance is completely free. It is $0 and the goal here is to make it free for investors to make informed decisions on what to buy. 

However, there will be a subscription fee for large financial institutions looking to use this service.

According to Shoykhet (CEO of atom finance), they aim for pricing that is a fraction of other institutional platforms that often charge $6,000 to $12,000 per year.

Click here to Sign Up for Atom Finance!

Atom Finance Review Summary

If you want to invest in a well researched manner, Yahoo Finance and your brokerage account are simply not enough.

Bloomberg Terminal costs you $24,000 a year. You need a free tool to manage all your investment accounts and conduct research. Atom Finance offers many of these exclusive features and comes without a fee. 

Atom finance offers a no-cost solution to help you make stock trading decisions. While at the same time, other companies charge you thousands of dollars per year.

The total funding of atom finance is now 12.5 million dollars. The latest financing round helped the company in expanding its engineering team. Their team is working on growth, operational functions and product marketing.

Atom public beta has more than 100,000 sign-ups now and the popularity is growing quickly. 

Commission free trading apps like Robinhood have made it free to place trades. Now, Atom finance aims to make it free to have access to institutional investment data.

Click here to Sign Up for Atom Finance!

Atom finance review
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