Atom Finance Review – Making Investment Tools Accessible

Written By:

Last Updated:Oct 18, 2023

Atom Finance Review – Making Investment Tools Accessible

Joy Wallet is advertiser-supported: we may earn compensation from the products and offers mentioned in this article. However, any expressed opinions are our own and aren't influenced by compensation. To read our full disclosure, click here.

If you’re a seasoned investor, Atom Finance is one of those tools that makes you wonder where it’s been all of your investing life. While you can’t actually perform trades through Atom Finance, it’s designed to give you almost any piece of information you could possibly need to make a well-informed investment decision with stocks.

But what about the rest of us? Those who are only beginning their journey with stock investing need access to these same tools as someone who has performed a thousand trades. Atom Finance is made for beginners, too, by bringing institutional-quality metrics and tools to all investors and not simply a select few.

What is Atom Finance?

Atom Finance is a Brooklyn-based, venture-backed fintech company founded in 2018 by Eric Shoykhet. It was created for those who don’t have access to the Bloomberg Terminal (or the deep pockets to afford the access) or other critical tools professionals use to make investment decisions. The idea is to bring as much data to individual investors — from beginners to experienced — to make as well-informed stock trading decisions as possible.

Invest Better with Motley Fool

Use Motley Fool's Stock Advisor To Invest

Over 100 Stock Picks with 100%+ Returns
Averaged Stock Pick Return over 593% (vs. 165% for the S&P)
2 New Stock Picks Every Month
Investment Community With 700,000+ Loyal Members
30-Day Membership-Fee-Back Guarantee
Joy Wallet Reader Deal: The Motley Fool is offering 50% off its top stock-picking service for new members (Limited Time)

Get The Motley Fool's top stock-picking service for 50% off

How does Atom Finance work?

The concept of Atom Finance is simple — put almost all the data any investor would need in one place, right at your fingertips. The investment research platform has six major functions: portfolio integration, stock screener, a central dashboard, the Sandbox (for financial modeling), a wealth of company and investor documents, and collaboration with other investors. However, Atom Finance provides an expanded, more detailed experience within these functions, letting you deep-dive as much as you need.

How much does Atom Finance cost?

Atom Finance has now switched to a premium model, which costs $6.99 monthly after a free 7-day trial. This gives you access to every feature and all the investor documents Atom sources.

Features

Sandbox

Perhaps one of the best-known features of Atom Finance is referred to as the Sandbox. This feature lets you create financial models that automatically refresh with updated market information. So, if you have an investment idea, the Sandbox lets you see what might happen if you put your idea in place.

Market analysis tools

You would expect a stock trading site to dive deep into the stock market data, but Atom Finance lets you pick from pre-selected market indicators. You can quickly choose from a drop-down menu with indicators such as uptrends or downtrends, which lets you identify patterns in the stock price.

Track all investments in one place

Atom Finance allows you to import all your investment data into the dashboard to see your investment portfolio simultaneously. No matter what brokerage your investment accounts are with, you can see all the holdings, account fees, and how you’re diversified all in one snapshot.

Detailed company financial data with document x-ray

If you want all the detailed information on a particular company, then Atom Finance makes this possible. Company data, including historical financials, SEC filings, company documents, event transcripts, and consensus estimates, are all in one spot, so you don’t have to spend hours searching for this information individually. You can also access equity research reports from banks and research firms.

Monitor stocks with the criteria you choose

If you want to set parameters for a watchlist of certain stocks, you can select the criteria you need and develop a specialized watchlist. Atom Finance goes into further detail by letting you compare stocks against one another for various metrics, such as valuation multiples. It then puts this information in a chart for easier review.

Market screening

Access to real-time quotes for U.S.-based stocks.

Analyst estimates

You have access to the detailed consensus estimate, an aggregate of the market analyses used on Wall Street.

Collaborate with other investors

You may appreciate the collaboration option if you find strength in numbers. You can chat with other investors for added market commentary, share your ideas for investment strategies, or read what other investors are doing in the market.

Easy to download

You can export all the information into an Excel spreadsheet to save it, run further reports, or do whatever you need to do for further analysis. This is especially useful when you’ve used the Sandbox feature and created your financial modeling and projections.

Invest Better with Motley Fool

Use Motley Fool's Stock Advisor To Invest

Over 100 Stock Picks with 100%+ Returns
Averaged Stock Pick Return over 593% (vs. 165% for the S&P)
2 New Stock Picks Every Month
Investment Community With 700,000+ Loyal Members
30-Day Membership-Fee-Back Guarantee
Joy Wallet Reader Deal: The Motley Fool is offering 50% off its top stock-picking service for new members (Limited Time)

Get The Motley Fool's top stock-picking service for 50% off

Who should use Atom Finance?

At first glance, Atom Finance may only be appropriate for seasoned investors. These investors would likely benefit from the advanced features Atom Finance provides.

If you like data and research to make a well-thought-out, DIY independent decision, you may find Atom Finance a useful tool for your stock investing decisions.

Who shouldn’t use Atom Finance?

Atom Finance wouldn’t be a good fit for anyone who wants one place offering education and trading. Since you can’t perform trades with this application, you must use another service to complete the transactions. No financial advising services or brokerage options are available, so expect to make all trading decisions yourself.

Pros and cons

Pros

Affordable pricing model, even with the paid version. The current cost is $6.99 per month after a free 7-day trial, making it affordable and accessible to almost anyone.
The account integration tool allows you to see your portfolio in one place and uses Plaid technology, which means you have an added layer of security for your personal data.
The investment research tools are next level, allowing you to make stock investing decisions with information previously available to investors only.

Cons

Although the list of tools and features is long, some are available with other apps, such as a stock watchlist or stock performance data.
The app is for research purposes only, so you’ll need to find another application for stock trading or use a brokerage firm.
Does not offer real-time coverage of stocks on foreign exchanges.
No investment management or financial advising services.

Atom Finance vs. its competition

How does Atom Finance compare to other investing apps?

Platform	Price	Stock simulator	Portfolio integration
Atom Finance	Free 7-day trial, then $6.99/month	Yes	Yes
Yahoo Finance	Free or $349.99/year for upgraded premium	No	Yes
Robinhood	Free	No	No

Yahoo Finance

Yahoo Finance is among the most recognizable names in investing and business news. The mobile app provides interactive charts, news stories, and real-time stock alerts. Many features, like the watchlist, can be completely customized too. Yahoo Finance provides a more holistic view of the market, including lending rates, personal finance news, and stock market analysis, and not just focusing solely on stocks like Atom Finance. There is both a free and upgraded premium version available.

Robinhood

Robinhood has become an investment app synonymous with stocks, cryptocurrencies, and ETFs, but many may not realize it also offers an incredible library of advice and research. Robinhood is for use by almost any investor but is particularly geared towards beginners.

The free app gives you access to market data, research tools, stock news, and analysis without a hefty price tag. Robinhood does not go into the details of each stock and company like Atom Finance, but it is considered user-friendly and a good starting point for investors. You can also make stock trades for $0 through Robinhood.

Read a full review on Robinhood.

FAQs

Can I buy stocks on Atom Finance?

No, Atom Finance is not a brokerage. If you want to trade stocks, you will need to open a brokerage account. Atom Finance does provide the information investors might need for making investment decisions.

Where does Atom Finance get its data?

The data Atom Finance receives is provided by institutional-quality sources. In many cases, it is the same real-time data used by the professionals on Wall Street. It also gathers company data from sources like SEC filings, transcripts, and company presentations.

Does Atom Finance offer a free plan?

Atom Finance offers a free 7-day trial, but you must subscribe to continue accessing the data. The current cost is $6.99 per month.

Invest Better with Motley Fool

Use Motley Fool's Stock Advisor To Invest

Over 100 Stock Picks with 100%+ Returns
Averaged Stock Pick Return over 593% (vs. 165% for the S&P)
2 New Stock Picks Every Month
Investment Community With 700,000+ Loyal Members
30-Day Membership-Fee-Back Guarantee
Joy Wallet Reader Deal: The Motley Fool is offering 50% off its top stock-picking service for new members (Limited Time)

Get The Motley Fool's top stock-picking service for 50% off

The bottom line

If you love data and know how to use it to make investment decisions, then the Atom Finance app may be your solution. It gives everyday investors access to the same information many professionals use daily. Plus, it provides all the detailed company and investor information in one place, so you don’t have to search through multiple sources online. While the data with Atom Finance may be overwhelming to some, it’s meant to provide equal access to all without the major price tag required by some sources.

Joy Wallet is an independent publisher and comparison service, not an investment advisor, financial advisor, loan broker, insurance producer, or insurance broker. Its articles, interactive tools and other content are provided to you for free, as self-help tools and for informational purposes only. They are not intended to provide investment advice. Joy Wallet does not and cannot guarantee the accuracy or applicability of any information in regard to your individual circumstances. We encourage you to seek personalized advice from qualified professionals regarding specific investment issues. Featured estimates are based on past market performance, and past performance is not a guarantee of future performance.

Our site doesn’t feature every company or financial product available on the market. We are compensated by our partners, which may influence which products we review and write about (and where those products appear on our site), but it in no way affects our recommendations or advice. Our editorials are grounded on independent research. Our partners cannot pay us to guarantee favorable reviews of their products or services.

We value your privacy. We work with trusted partners to provide relevant advertising based on information about your use of Joy Wallet’s and third-party websites and applications. This includes, but is not limited to, sharing information about your web browsing activities with Meta (Facebook) and Google. All of the web browsing information that is shared is anonymized. To learn more, click on our Privacy Policy link.

Images appearing across JoyWallet are courtesy of shutterstock.com.

Sara Coleman is a former corporate gal turned creative entrepreneur. She began writing professionally several years ago and now contributes to multiple websites, blogs, and magazines. She’s also an avid reader and can’t resist a great historical fiction novel. Sara holds a BA in journalism from the University of Georgia and can be found supporting her Bulldogs every chance she has. She resides in Charlotte, North Carolina, with her wonderfully supportive husband and three children. When she’s not ushering her kids to sports and dance lessons, she can be found creating content for her own website, TheProperPen.com.

Share this article