Tool Comparison
ChartMill vs Magic Formula Investing
- Paid from
- —
- Free plan
- Yes
- Platforms
- Web
Best if
- You want stock comparison, data visualizations, and scores.
- You trade often and need tooling built for speed
- Paid from
- —
- Free plan
- Yes
- Platforms
- Web
Best if
Start here
ChartMill
Free • Paid plans available · Web
- You want stock comparison, data visualizations, and scores.
- You trade often and need tooling built for speed
Pick Magic Formula Investing instead if
Magic Formula Investing
Free · Web
- Go this way if it's completely free.
Skip both if: Neither one clicks with how you research; there are strong third options.
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Our take
The bottom line
ChartMill and Magic Formula Investing cover a lot of the same ground (2 shared categories, screeners and stock ideas), so for the basics you won't go far wrong with either. ChartMill simply does more: 24 categories to Magic Formula Investing's 2, including stock comparison, data visualizations, and scores. Magic Formula Investing counters by being completely free.
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Key differences at a glance
- Global coverage
- ChartMill
- Broader coverage
- ChartMill24 vs 2 categories
- Asset coverage
- ChartMillAdds ETFs
- Free plan
- Both
What ChartMill does best
- Screening for stocks and ETFs with technical, fundamental, dividend, valuation, growth, profitability, health, and custom-expression filters.
- Start from Trading Ideas templates for breakouts, pullbacks, CANSLIM, Minervini, GARP, dividends, value, and growth.
- ChartMill ratings, technical setup views, analyzer pages, and fundamental reports to compare candidates.
- Build watchlists, save screens, export results, and set alerts for prices, setups, earnings, news, insider activity, fundamentals, analyst changes, and screen results.
- Multi-chart layouts, saved chart configurations, drawings, indicators, event markers, and watchlist-based charting.
What Magic Formula Investing does best
- The official Magic Formula screener with two inputs, minimum market cap and either 30 or 50 results.
- Screening for companies ranked on high earnings yield and high return on capital, with the accounting adjustments described by the official methodology.
- A narrow value and quality idea list for further research.
- Focus on U.S.-listed equities because the official universe excludes foreign companies and ADRs.
- Financial and utility companies are excluded from the official screen.
Side by side
Pricing comparison
See for yourself
Side by side
Price, platforms, data, and market coverage.ShowHide
Side by side
| Attribute | ||
|---|---|---|
| Pricing & plans | ||
Starting price | Free • Paid plans available | Free |
Free tier | Yes | Yes |
Free trial | — | — |
Plan limits | Free: financials history: 4 years/quarters (free users, example pages). | — |
| Platforms & access | ||
Web app | Yes | Yes |
Mobile app | No | No |
API access | No | No |
| Audience & fit | ||
Experience level | Beginner, Intermediate, Advanced | Beginner, Intermediate, Advanced |
Best for | Retail Traders, Pro Retail +6 more | — |
Categories covered | 24 | 2 |
Regions | North America, Europe | North America |
| Data & capabilities | ||
Data quality | 3 signals: Latency: 15-min Delayed and End of Day, Granularity: EOD and Minute +1 more | 3 signals: Latency: End of Day, Granularity: EOD +1 more |
Capabilities | Custom formulas and Universe builder | — |
| Try it | Visit ChartMill | Visit Magic Formula Investing |
Standout features
The best features of ChartMill and Magic Formula Investing.ShowHide
Standout features
What ChartMill does best
- Screening for stocks and ETFs with technical, fundamental, dividend, valuation, growth, profitability, health, and custom-expression filters.
- Start from Trading Ideas templates for breakouts, pullbacks, CANSLIM, Minervini, GARP, dividends, value, and growth.
- ChartMill ratings, technical setup views, analyzer pages, and fundamental reports to compare candidates.
- Build watchlists, save screens, export results, and set alerts for prices, setups, earnings, news, insider activity, fundamentals, analyst changes, and screen results.
- Multi-chart layouts, saved chart configurations, drawings, indicators, event markers, and watchlist-based charting.
What Magic Formula Investing does best
- The official Magic Formula screener with two inputs, minimum market cap and either 30 or 50 results.
- Screening for companies ranked on high earnings yield and high return on capital, with the accounting adjustments described by the official methodology.
- A narrow value and quality idea list for further research.
- Focus on U.S.-listed equities because the official universe excludes foreign companies and ADRs.
- Financial and utility companies are excluded from the official screen.
All details
Every attribute we track for ChartMill and Magic Formula Investing.ShowHide
All details
| Attribute | ||
|---|---|---|
| Coverage & fit | ||
Asset types | StocksETFs | Stocks |
Experience | BeginnerIntermediateAdvanced | BeginnerIntermediateAdvanced |
Target audience | Retail TradersPro RetailDay TradersSwing TradersLong-term InvestorsGrowth InvestorsValue InvestorsDividend Investors | Not specified |
Regions | North AmericaEurope | North America |
Coverage details | 17 countries9 exchangesIdentifiers: Ticker and ISIN | Countries: USIdentifiers: Ticker |
| Data | ||
Data freshness | 15-min DelayedEnd of Day | End of Day |
Data granularity | EODMinute | EOD |
| Access & integrations | ||
Export formats | CSV | Not specified |
| Plans & trust | ||
Capability signals | Custom formulasUniverse builder | Not specified |
Vendor & support | ChartMill | Not specified |
Curation ratings | Not specified | Methodology 4/5Reliability 4/5UX 3/5 |
Green tags are exclusive to that tool in this comparison.
Pricing
Plans, billing, free trials, and monthly prices.ShowHide
Pricing
| Tier | ||
|---|---|---|
| Free plan | Freefinancials history: 4 years/quarters (free users, example pages). | Free |
| Entry paid plan | $34.97/mo“Monthly Subscription” | — |
| Top plan | $299.97/yr“Annual Subscription + Free Course” | — |
Questions we keep getting
What's the difference between ChartMill and Magic Formula Investing?
ChartMill leans toward screeners, stock ideas, and stock comparison, while Magic Formula Investing puts more weight on screeners and stock ideas. They overlap in 2 categories, so for most people it comes down to workflow preference and price.
How much do ChartMill and Magic Formula Investing cost?
Good news: both ChartMill and Magic Formula Investing have free plans, so you can run them side by side and only pay if you hit a wall.
Should I choose ChartMill or Magic Formula Investing?
It depends on what you're after. Pick ChartMill if stock comparison and data visualizations matter to you; go with Magic Formula Investing if you prefer its overall approach. And if you only need the basics both share, let price decide.
What asset classes do ChartMill and Magic Formula Investing cover?
Both cover stocks. ChartMill also handles ETFs.
Which covers international markets: ChartMill or Magic Formula Investing?
ChartMill has documented international coverage (North America and Europe), so it's the safer bet if you hold non-US stocks. Magic Formula Investing is more region-specific, mainly North America.
Can I export data from ChartMill and Magic Formula Investing?
ChartMill exports to CSV. Magic Formula Investing is stingier about getting data out.
Is ChartMill or Magic Formula Investing better for day trading?
ChartMill is the one positioned more for active traders. Magic Formula Investing is the better fit if you care less about fast trading workflows and more about a calmer research process.
Which has a better stock screener: ChartMill or Magic Formula Investing?
Both ChartMill and Magic Formula Investing include stock screeners, and they differ more in interface than raw power; try both and see which one clicks for you.
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Curation & Accuracy
This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).
Details change. Pricing, features, and availability may be incomplete or out of date. Treat listings as a starting point and verify on the provider’s site before making decisions. If you spot an error or a gap, send a quick note and I’ll adjust.