Signm review 2024

Our opinion of Signm

Signm is a multipurpose tool that offers users an investing edge through its AI-powered financial news and social media analysis. Unlike traditional stock screeners that focus on technical and fundamental data only, Signm has taken things one step further with the introduction of AI to analyse millions of social media posts. 

This Signm review investigates the company’s services. We’ve tested the Signm platform for various criteria including fees, reliability, and support functions. Use the information in this comprehensive review to help decide if it’s the right fit for your investment needs. 

Signm highlights

Can I open an account with Signm?

Yes, residents of United States can open an account with Signm.

No, residents of United States cannot open an account with Signm. Consider trying our best-rated broker in , . Find the best broker in

Sign-up with Signm

Investing options

4.2

What can I do with Signm?

Signm allows you to navigate the stock market by utilising the power of artificial intelligence. It transforms millions of financial news articles and social media posts into actionable insights designed to enhance your investment decision making. 

Signm leverages AI to analyse massive amounts of data, uncovering hidden patterns and emerging opportunities. Social media has become an undeniable force in the retail investment world. With Signm, you can tap into the collective thoughts of millions and gauge overall market sentiment expressed on these platforms. 

Products, markets & assets

4.3

What products and assets can you trade on Signm?

Signm isn’t a trading platform so you can’t trade any assets on it. Signm offers access to data from over 1,000 stocks across the US markets. This includes big-name companies like Apple, Amazon, and Microsoft as well as smaller stocks. While only US markets are available at this time, the company does have plans to add more countries in the future. 

Stocks

Which stocks are available on Signm?

There are over 1,000 stocks available on the Signm platform. These stocks are from the US market only. While there is a selection of companies, the bulk belongs to the biggest markets like the S&P 500. 

Deposits & withdrawals

4.8

What are the minimum & maximum deposits?

Signm charges a fixed monthly subscription fee and accepts a wide range of payment methods which we’ve provided in the table below. 

Fees & costs

4.7

How do Signm fees work?

Signm charges a flat fee monthly subscription to use its service. It costs $59 per month to access all of Signm’s services and features. Once you’ve joined, you can visit the ‘My Account’ menu and make any changes to your subscription. Besides the monthly fee, there are no other charges for using Signm. 

Platforms & usability

4.2

What devices can I use Signm on?

Signm can only be used on a web browser. There is currently no mobile app. You can however use the Signm platform on your mobile or tablet’s web browser. The simplicity of the platform makes it easy to navigate, even while on a smaller screen. 

Signm mobile app review

As just mentioned, there is no mobile app for Signm, but that doesn’t mean you can use the platform while on the go. Signm is optimised for mobile browsers and is just as easy as using it on a desktop or laptop computer. 

The responsive design ensures the platform scales well to any mobile screen size. Once logged into your account, you can click the menu button at the top right of the screen where you’ll be able to navigate to the features or tools you require. 

Web trading platform

The most important question any user has is: How easy is it to use Signm?

Signm is one of the easiest stock screeners to use with a sleek and simple design that makes it very user friendly. You can scan markets using the prefiltered data or enter your own for a more personalised experience. 

The navigation menu allows you to quickly change what type of data you want to analyse and the ability to build custom watchlists means you’ll be able to keep track of your preferred stocks. 

Key features

Sentiment

The platform uses artificial intelligence to monitor and analyse between 1,000 – 2,000 news articles every day. The AI software then processes all of the data to understand the opinions expressed. Sentiment is then measured on a scale from – 3 to 3. A rating is then provided for each stock running from bearish, somewhat-bearish, neutral, somewhat bullish, and bullish. 

Signm’s software also analyses social media posts for all of its stocks. It uses a different method to analyse social posts because the language often used between an article and a social post (e.g. Tweet) often differ. 

There are different ways you can view sentiment information on the Signm platform. To get an overview, simply use the list of movers or screeners. For a more detailed view, find a specific stock and scroll to the bottom of its ‘about’ page, where you’ll be able to find in-depth information relating to all of Signm’s AI findings on the company. 

Watchlists

You can build custom watchlists within your account dashboard on Signm. This allows you to track and monitor stocks you have a particular interest in. It’s also a great way to keep tabs on stocks that have recently caught your attention. To add a stock to your watchlist you just have to click on the star next to its name. 

Screener

The Signm screener isn’t like traditional stock screeners. It allows you to refine your search for potential investments using three data points: news, social media engagement, and AI-powered sentiment analysis. 

With Signm.io’s screener, you can filter for companies experiencing a surge in news articles, high social media engagement, and a positive sentiment reading from Signm’s AI. This allows you to identify not only trending stocks but also those that are resonating with the market based on social media chatter and Signm.io’s AI analysis.

Safety & reliability

4

Is Signm safe?

Yes, Signm appears to be a safe platform. As it provides no trading or brokerage services, it is not required to be regulated. Signm does use several safety measures to help keep your information safe including 2-factor authentication and data encryption.

Signm customer support review

Signm’s customer support features are adequate, although compared to other similar platforms, are lacking in some areas. There is a dedicated help centre and FAQ section on the website, that answers a good selection of common questions. You can also use the search feature and type your own question. If the system finds a match, you’ll find an answer. 

If you’re unable to find help, you can contact Signm customer support directly by clicking the button at the bottom of the help centre page. There is also a dedicated Facebook and Instagram page where you can send messages to support. There is no live chat feature or telephone support. 

What are the risks of using Signm?

The main risk of using Signm is losing money by following information that proves to be wrong. However, this is the case for all stock screeners and if you follow the instructions and use filters to narrow down your search, you’ll be able to highlight opportunities. Here’s a look at a few more risks. 

• There is no guarantee that AI will be correct. While Signm makes it clear what its AI software analyses, there is still no way to know exactly what the software is looking at. AI is still a relatively new technology and is often wrong, so bear that in mind when following information. 
• The number of stocks available is limited. There are over 1,000 stocks available to analyse on the Signm platform, but they are mainly from US markets. If you’re interested in global markets, then Singm will not be a good choice for you at the moment. 
• You still need to do additional research. Signm is an excellent tool for finding information about the most trending stocks in the news and social media. However, before you decide to buy or sell a stock, you’ll still need to evaluate other information, both technical and fundamental. 

Our verdict

Signm offers a unique approach to stock screeners. The platform makes it easy for anyone to quickly find the most popular stocks according to the news and social media. Signm’s AI software scans and analyses millions of news articles and social media posts daily. 

It then ranks stocks based on various criteria, including their popularity in the news and on platforms like Twitter. Signm’s unique approach does mean its platform is lacking compared to others, however, its integration of artificial intelligence makes it a top choice for investors wanting to capitalise on trends. 

Who is Signm suitable for?

Signm is suitable for all types of traders and investors. The platform is extremely easy to use and learning the ropes takes very little time. Its unique approach to analysing data allows investors to gain insights that are not readily available elsewhere. 

Is Signm good for beginners?

Yes, Signm could be a good option for beginners, although it’s probably better suited to investors and traders who already have some experience. That being said, Signm’s platform is extremely easy to use which means beginners can get started with little to no experience. 

Our methodology

Helping people make better financial decisions is at the heart of our mission at Invezz. 

We test each broker to provide clear, accessible guidance on the service it offers and how it compares to the 63+ other trading platforms we review. Testing is carried out by our panel of industry experts, analysts, and active traders who sign up to the platform, conduct research, and score the service.

To supplement our practical testing and experience, we research the service to gather any further relevant information and provide context to help you decide whether the broker is right for your investing needs. We read online customer reviews, app reviews on the Play Store and App Store, and conduct user surveys to get feedback from real people about what works, and what doesn’t.

The trading platform is awarded a final score based on 130+ data points across 8 ranking categories: cost, reliability, user experience, deposit & withdrawals, investing options, range of products/markets, research & analysis tools, and the availability of educational & learning resources.

We work closely with the individual brand to ensure all factual information displayed here is accurate. All data is then fact-checked by an independent reviewer. You can learn more about our expert panel and how we test, rate, and review platforms in our review process. 

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