Tool Comparison
Magic Formula Investing vs TradingView
- Paid from
- —
- Free plan
- Yes
- Platforms
- Web
Best if
- Paid from
- $12.95/mo
- Free plan
- Yes
- Platforms
- Web, Mobile, Desktop
Best if
- Delayed quotes won't cut it; you need real-time data
- You do a lot of your research from your phone
- You want data visualizations, quant, and ETF screeners.
Pick Magic Formula Investing instead if
Magic Formula Investing
Free · Web
- Go this way if it's completely free.
Start here
TradingView
Free • From $12.95/mo · Web · Mobile · Desktop
- Delayed quotes won't cut it; you need real-time data
- You do a lot of your research from your phone
- You want data visualizations, quant, and ETF screeners.
Skip both if: Neither one clicks with how you research; there are strong third options.
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Our take
The bottom line
Magic Formula Investing and TradingView 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. TradingView simply does more: 27 categories to Magic Formula Investing's 2, including data visualizations, quant, and ETF screeners, plus a mobile app. Magic Formula Investing counters by being completely free.
What readers say
Magic Formula Investing
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TradingView
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Key differences at a glance
- Real-time data
- TradingView
- Free trial
- TradingView30 days
- Broader coverage
- TradingView27 vs 2 categories
- Mobile app
- TradingView
- Desktop app
- TradingView
- Asset coverage
- TradingViewAdds ETFs and cryptos
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.
What TradingView does best
- Charts.
- Screeners.
- Pine Script.
- Alerts.
- Trading.
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 | Free • From $12.95/mo |
Free tier | Yes | Yes |
Free trial | — | 30 days |
Plan limits | — | 52 limits: Basic: charts per tab: 1, Basic: indicators per chart: 2 +50 more |
| Platforms & access | ||
Web app | Yes | Yes |
Desktop app | No | Yes |
Mobile app | No | Yes |
API access | No | No |
Broker sync | — | No |
Integrations | — | Trading panel brokers (100+ partners), Pine Script +1 more |
| Audience & fit | ||
Experience level | Beginner, Intermediate, Advanced | Beginner, Intermediate, Advanced |
Best for | — | Retail Traders, Pro Retail +4 more |
Categories covered | 2 | 27 |
Regions | North America | — |
| Data & capabilities | ||
Data quality | 3 signals: Latency: End of Day, Granularity: EOD +1 more | 3 signals: Latency: Streaming, Real-time, 15-min Delayed, and End of Day, Granularity: Tick, Second, Minute, and EOD +1 more |
Data partners | — | 3 partners: ICE Data Services, FactSet +1 more |
Capabilities | — | 8 signals: Custom formulas, Universe builder +6 more |
Security | — | Status page |
| Try it | Visit Magic Formula Investing | Visit TradingView |
Standout features
The best features of Magic Formula Investing and TradingView.ShowHide
Standout features
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.
What TradingView does best
- Charts.
- Screeners.
- Pine Script.
- Alerts.
- Trading.
All details
Every attribute we track for Magic Formula Investing and TradingView.ShowHide
All details
| Attribute | ||
|---|---|---|
| Coverage & fit | ||
Asset types | Stocks | StocksETFsCryptosBondsCommoditiesCurrenciesFuturesOptions |
Experience | BeginnerIntermediateAdvanced | BeginnerIntermediateAdvanced |
Target audience | Not specified | Retail TradersPro RetailDay TradersSwing TradersAlgo TradersQuants/Developers |
Regions | North America | Not specified |
Coverage details | Countries: USIdentifiers: Ticker | Identifiers: Ticker |
| Data | ||
Data freshness | End of Day | StreamingReal-time15-min DelayedEnd of Day |
Data granularity | EOD | TickSecondMinuteEOD |
Data partners | Not specified | ICE Data ServicesFactSetQuartr |
| Access & integrations | ||
Import methods | Not specified | CSVManual |
Integrations | Not specified | Trading panel brokers (100+ partners)Pine ScriptWebhook alerts |
Export formats | Not specified | CSVExcelImage |
| Plans & trust | ||
Security & compliance | Not specified | Status page |
Capability signals | Not specified | Custom formulasUniverse builderMulti-leg optionsGreeksIV surfacePortfolio attributionCorrelationYield curves |
Vendor & support | Not specified | TradingView, Inc. |
Curation ratings | Methodology 4/5Reliability 4/5UX 3/5 | Not specified |
Green tags are exclusive to that tool in this comparison.
Pricing
Plans, billing, free trials, and monthly prices.ShowHide
Pricing
| Tier | ||
|---|---|---|
| Free plan | Free | Free“Basic”charts per tab: 1 · indicators per chart: 2 · +7 more |
| Entry paid plan | — | $12.95/mo“Essential”charts per tab: 2 · indicators per chart: 5 · +8 more |
| Tier 2 | — | $29.95/mo“Plus”charts per tab: 4 · indicators per chart: 10 · +8 more |
| Tier 3 | — | $59.95/mo“Premium”charts per tab: 8 · indicators per chart: 25 · +9 more |
| Top plan | — | $199.95/mo“Ultimate”charts per tab: 16 · indicators per chart: 50 · +10 more |
| Custom / enterprise | — | Contact sales“Enterprise plans” |
| Free trial | — | 30 days |
Questions we keep getting
What's the difference between Magic Formula Investing and TradingView?
Magic Formula Investing leans toward screeners and stock ideas, while TradingView puts more weight on data visualizations, quant, and screeners. They overlap in 2 categories, so for most people it comes down to workflow preference and price.
How much do Magic Formula Investing and TradingView cost?
Good news: both Magic Formula Investing and TradingView have free plans, so you can run them side by side and only pay if you hit a wall.
Can I use Magic Formula Investing or TradingView on my phone?
TradingView lists a dedicated mobile app, so it travels better. Magic Formula Investing doesn't list a dedicated mobile app; its documented access is web.
Should I choose Magic Formula Investing or TradingView?
It depends on what you're after. Pick Magic Formula Investing if you prefer its overall approach; go with TradingView if you'd rather have data visualizations and quant. And if you only need the basics both share, let price decide.
What asset classes do Magic Formula Investing and TradingView cover?
Both cover stocks. TradingView adds ETFs, cryptos, and bonds on top.
Does Magic Formula Investing or TradingView have real-time data?
TradingView offers real-time data, which matters if you trade actively. Magic Formula Investing runs on delayed or end-of-day data, which is perfectly fine for longer-term investors who don't live and die by the tick.
Can I export data from Magic Formula Investing and TradingView?
TradingView exports to CSV and Excel. Magic Formula Investing is stingier about getting data out.
Is Magic Formula Investing or TradingView better for day trading?
TradingView 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: Magic Formula Investing or TradingView?
Both Magic Formula Investing and TradingView include stock screeners, and they differ more in interface than raw power; try both and see which one clicks for you.
Can I track my portfolio with Magic Formula Investing or TradingView?
TradingView handles portfolio tracking. Magic Formula Investing is really a research tool; you'd track your portfolio elsewhere.
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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.