That’s approximately half of the price of the Bloomberg terminal. Terminal pricing is not included on the FactSet website, however, an article in Wall Street Prep reports that an annual membership costs $12,000. However, becoming one of FactSet’s happy customers will cost you, though it isn't as pricey as its top competitors (Bloomberg and Refinitiv). It can be accessed by desktop as well as web and mobile applications.įactSet must be doing something right because they have maintained a 90% customer retention rate over the last decade. With the FactSet platform, users are able to stay on top of market trends, monitor portfolio risk and performance, and even execute trades. Read on to see the results of our chosen list of the best Bloomberg terminal alternatives.įactSet has been helping its financial clients since the late 1970s and has 37 offices in 20 countries and serves over 180,000 financial professionals. You can use this information to help determine if a lower-cost terminal alternative can do the job or if you are willing to pay the high cost associated with the Bloomberg terminal. We reviewed a number of terminal alternatives based on price, data quality, data visualization, usability, and customer reviews. When selecting an alternative terminal, consider the quality and depth of the data, if it provides real-time news and data, and ease of use. For those who don’t want to pay the hefty price tag, there are many free and more cost-effective alternatives to choose from. However, it is also one of the most expensive options, costing upwards of $20,000 annually per person. The Bloomberg terminal is seen by many as the gold standard in the financial industry it is one of the oldest and most used financial terminals.

Users can place trades and monitor real-time financial market data.

The Bloomberg terminal is a computer software system used by professional investors as a source of real-time financial data and information.

Bloomberg terminal free trial