Artificial Intelligence continues to disrupt industries. AI-powered technologies are driving many activities that used to be performed solely by human beings, including finance-related activities. AI has made a lot of headway in stock trading, and now more than ever, the industry is relying on technology to drive wealth creation.
What is Stock Trading?
Stock trading is a type of speculative buying and selling that requires making timely decisions, accurate predictions, and employing a fail-safe market analysis. You want to make sure you have the best tools and resources at your disposal to help you make informed decisions.
That’s why we’ve compiled a list of the best AI-based stock trading software programs available today. So, check out our list whether you’re a seasoned investor or newbie.
What Is an AI Trading Software and What Are the Benefits?
AI stock trading software is a software program that uses artificial intelligence and machine learning algorithms to help you make the most profitable investment choices possible.
Making money in the stock market involves proactively analyzing social and economic trends that can impact the business world, making predictions based on these analyses, and executing trades. AI trading programs are designed to do this automatically, round the clock, thereby eliminating errors.
Although AI trading software still require human inputs and decision-making, they offer many benefits to investors, such as:
- Round-the-clock trading and automation of processes.
- Identifying trading opportunities that human traders could easily miss.
- Maximizing profits while minimizing risks.
- Access to valuable data and information that you can use to make informed decisions.
- Eliminate emotion-driven errors by making more rational and objective trading decisions.
Review of the Best AI Stock Trading Software
The stock market can be a risky place to invest your money. This is why more and more people are turning to AI-based stock trading software to help them make the best decisions possible. But all of these programs are not created equal.
So how do you know which one is right for you? We’ll break down what each program does, as well as its pros and cons so that you can make an informed decision about which one is right for you.
Our Top Picks for the Best AI Stock Trading Software
- Overall Best AI Stock Trading Software: Trade Ideas
- Best for Stock Chart and Technical Analysis: Trendspider
- Best for Options Trading: BlackBox Stocks
- Best for Crypto Bot: Tickeron
- Best for Portfolio Management: Equbot
- Best Algorithmic Trading Platform: Algoriz
- Best AI Stock Trading Platform for Data: Kavout
Review of the Best AI Stock Trading Software From Our Research
Overall Best AI Stock Trading Software
Trade Ideas is the leading tool for investors of all kinds and experience levels. Trade Ideas is one of the oldest trading tools available today, providing users with real-time alerts, historical data, sophisticated analysis, and resources to make profitable trading decisions.
The software is designed for active traders and investors, providing a suite of tools that can be customized to fit any trading style.
- Real-time stock racing. One of the unique features of Trade Ideas is its approach to data visualization that simplifies stock trading.
- Alerts & News. Access to real-time information and relevant news within the program.
- Channel Bar. Trade Ideas has a selection of channels with different functions and layouts, which you can also personalize.
- Simulated Trading. With this feature, investors can quickly see what works and what doesn’t, enabling them to minimize risks.
- Compare Count Windows. This feature allows you to visually compare two different strategies and see which occurs more often.
- Advanced scanning and filtering capabilities.
- A large community of active traders to share ideas with.
- Detailed charts and technical analysis tools.
- Real-time market data and news feeds.
- Unlimited learning resources and excellent technical support.
- Customization of strategy features.
- Suitable for investors of all skill levels.
- The interface can be confusing and overwhelming for new users.
- It can be an expensive tool to invest in, especially for new traders.
- Standard – $84 per month or $1999 for twelve months. The standard plan gives you access to a wide range of features, such as live trading room, real-time streaming trade ideas, ten simultaneous charts, trade assistant, price alerts and curated workspaces (channel bar).
- Premium – $167 per month or a discounted price $999 for twelve months. The premium plan gives you access to all the features under the standard plan and more. You get more AI features under the premium plan, such as the AI virtual trading assistant, Holly, auto trade with brokerage plus and AI, and chart-based AI trade assistant. You also get entry and exit signals, risk assessment, and you can back-test any trade ideas.
Best for Stock Chart and Technical Analysis
TrendSpider is an AI stock trading tool with excellent charting, analysis, and backtesting features. The tool is suitable for day trading, swing trading, and investing in stocks, forex, and crypto exchanges. It helps you spot trends and take advantage of them with its powerful and smart trading algorithm. Trend Spider is designed for traders by traders and is constantly innovating to meet market demands.
- Instant backtesting functionality. Trend Spider offers flexible chart-based backtesting tools.
- Chart pattern recognition and Fibonacci retracement. Automatically and instantly identifies and highlights patterns in your charts and also calculates data for more accurate results.
- Multi timeframe analysis. Ability to monitor the same currency pair across different time compressions. It helps you view how price levels and long-term indicators interact with short-term price action.
- Raindrop charts. An innovative visualization feature that makes charting analysis a different experience for users.
- Advanced charting and technical analysis features.
- Free trial.
- Customizable analysis rules, themes, charts, and other visuals.
- SMS and email notifications.
- One-on-one user training sessions.
- Web-based platform, so it may be slower than other tools. This can be fatal in trading.
- Requires a learning curve for new users.
- Free Trial – Seven days
- Premium – $39 per month
- Elite – $79 per month
- Advanced – $129 per month
Best for Options Trading
Blackbox is a powerful tool for option and stock traders of different skill and experience levels. The tool is uniquely positioned to beat trade latency with the positioning of its data servers. You can easily uncover trends and spot unusual market behavior and price swings with the tool’s analytics, AI, and predictive technology.
- Stock screener. Using strong algorithms and data, Blackbox scans and analysis stock options.
- Alert and real-time news. You get live updates and alerts based on trading activity and selected filters.
- Volatility indicator. You can stay on top of the market with Blackbox’s volatility indicator and an additional feature called the ‘load symbol’.
- Features a community app for efficient communication and updates via text and audio.
- Free learning resources.
- Quality alerts and news feed.
- Filtering tools.
- Easy to use.
- The Graphical User Interface is not exactly the best.
- Too many alerts can cause confusion.
- Limited time offer – $1 for thirty days
- $99.97 per month for rebill after a limited-time offer.
- $959 for yearly billing.
Best for Crypto Bot
Tickeron is an advanced trading software that uses Artificial Intelligence to make trading recommendations to help traders maximize returns. Tickeron uses predictive patterns, automation, and AI patterns to help traders make trading decisions. It also has an array of customization features that help improve user experience.
- AI Active Portfolios. Using the power of AI, Tickeron offers hedge fund-style investing in stocks and ETFs.
- AI Robots. AI Robots that keep an eye on stock, crypto, forex, and currency trading to come up with great recommendations for users.
- Custom Pattern Search Engine. Search engine to find trade patterns, target patterns, stocks, and cryptocurrencies.
- Paper Trades Exchanges. Users exchange paper trades to figure out the best trading opportunities.
- Free trial.
- Customization features to meet traders’ risk level.
- Trend prediction to follow market patterns and find trading opportunities.
- Uses both human and Artificial intelligence proactively.
- Not beginner friendly
- Pricing is a bit confusing, and you have to pay for some features separately.
- Cannot plot indicators and has limited charting options.
- Free trial – 14 days for all paid subscriptions except AI robots, AI portfolios, expert membership, buy/sell signals and 50% off for annual payment.
- Intermediate one – $90 per month.
- Intermediate two – $180 per month.
Best for Portfolio Management
EquBot is a Portfolio as a service (PaaS) platform that helps investment professionals achieve better outcomes through AI custom portfolios. It is a tool used mostly by asset managers to keep up with the enormous and complex data in the world of trading and investment. The tool effectively does the work of about three thousand investment analysts. Its key competencies include investment management, portfolio management, and trading bots. So far, Equbot seems to be living up to its mandate to “give access to investment opportunities that AI can cover”.
- Portfolio management. EquBot is an AI stock trading software that employs artificial intelligence and machine learning to manage portfolios for individual and institutional investors.
- On-demand portfolios. It offers a fully automated, hands-free solution that reflects your investment goals, personal values, and how they intersect with market opportunities.
- Return and Risk. You get data on risk and return over different assets and times.
- Set portfolio criteria. You can set your portfolio criteria to link securities.
- Free trial.
- Track record of accuracy.
- Effective portfolio management.
- Highly accurate and customized predictions for each user.
- The user interface is very easy to use and understand.
- Limited range of supported currencies.
- Only available to users in certain countries.
- Cannot be used for manual trading.
- Custom pricing available on demand.
Best Algorithmic Trading Platform
Algoriz is a cryptocurrency and stock trading platform that allows users to formulate trading strategies easily. Users type the command or desired action in English, and the tool turns them into an algorithm that executes a given function. It creates a level playing field for crypto traders who do not have programming knowledge. The platform supports Bitcoin, Ethereum, Ripple, and some other coins.
- Intuitive Interface. Has one interface that connects different data vendors to trade.
- Strategy Testing. You can easily build and test your trade strategies.
- Fully automated trading. You can automate trading totally or set up triggers for notifications for trades.
- Easy to use.
- Free version.
- Thousands of trading strategies.
- It eliminates the need for proficiency in programming.
- Backtesting of strategies.
- In-built brokerage services.
- Relies on human input.
- Limited to stock and crypto trading.
- Limited user support.
- Lite – Free (For beginners).
- Professional – $29 per month.
- Premium – $69 per month.
- Enterprise – Custom pricing.
Best for Data and Deep Learning
Kavout is an AI stock trading tool that uses deep learning, deep data and technologies to democratize investing by detecting anomalies and predicting market trends. The tool curates and analyzes data from over two hundred signals and factors to formulate an equity rating score between 0-9. An equity rating score, also known as K-score, shows the effectiveness of your strategies.
- Kai Score. Kai is an Ai machine that analyzes millions of data points to give the most accurate value of stocks at any given time. Kai Score helps you to rank these stocks numerically.
- Watchlist. Shows you stocks to look out for and track. You can customize your watchlist based on the categories you choose.
- Calendar. Allows you to monitor performance for days at a time.
- Predictive equity rating (Kai Score)
- Deep data analysis
- Easy to access information
- Calendar allows you to analyze performance over a period
- Data can be overwhelming, and it can be challenging to sort through the relevant information
- Free Account
- Custom pricing available on request
Buyer’s Guide for the Best AI Stock Trading Software
AI stock trading software can make a lot of difference for an investor. However, you must choose one that perfectly suits your investment patterns and needs. Here are a few things to keep in mind when selecting a trading tool:
Ease of Use
When it comes to stock trading software, ease of use is important. After all, if you can’t figure out how to use the software, you won’t be able to take advantage of its features. Unless you are an experienced investor, looking for a stock trading platform that is easy to navigate and understand is advisable. Also, make sure there are plenty of tutorials and support resources available.
When you’re making investment decisions, you need to have access to real-time data. The best AI stock trading software will provide you with the most current information to make informed decisions about when to buy and sell stocks. In addition, look for software that offers insights into various aspects of the market.
Prediction and Automation
The best AI stock trading software will be able to predict future trends in the stock market. This information can be used to automate your trades so that you don’t have to monitor the market constantly. In addition, some software platforms can back-test investment strategies so that you can see how they would have performed in the past.
When looking for AI stock trading software, it’s important to consider the platform’s track record. How long has it been in business? What do users say about it? Look for a platform with a proven track record and positive user reviews.
Ensure that the AI stock trading platform you choose offers excellent customer support. This is important in case you run into any problems while using the software. In addition, look for a platform that offers plenty of resources, such as tutorials, webinars, and guides. An active community of users is an added advantage.
Finally, you’ll need to consider the cost of the AI stock trading software. Some platforms are free to use, while others charge a monthly or annual subscription fee. In addition, some software platforms may charge transaction fees. Before deciding, consider the costs of different AI stock trading platforms.
Frequently Asked Questions about the Best AI Stock Trading Software
Yes, you can use AI to trade stocks. Several stock trading platforms offer AI-based features and tools to help you make better trading decisions. These features include market analysis, predictive modeling, and automated trade execution.
Predicting the stock market is a difficult task, even for AI. However, AI platforms can analyze market data and trends to predict future prices. These predictions can help make trading decisions.
An AI trading system is a platform that uses AI (artificial intelligence) to help you make better trading decisions. These systems provide market analysis, predictive modeling, and automated trade execution.
platform that uses AI (artificial intelligence) to help you make better trading decisions. These systems provide market analysis, predictive modeling, and automated trade execution.
k bots can be effective in helping you make better trading decisions. However, you should always research to ensure that the bot you are using is right for you.
There is no one-size-fits-all answer to this question, as success rates vary depending on the individual and the AI system. However, many AI stock trading platforms have a high success rate.
It is difficult to say how AI will affect stock trading in the future. However, AI will likely play a more significant role in stock trading as more platforms incorporate AI-based features and tools.
There is no silver bullet to this question, as the best software for stock trading will vary depending on your individual needs and preferences. However, many AI stock trading platforms offer various features and tools that can help make trading decisions, such as Trade Ideas, TrendSpider, and Equbot.
In conclusion, while there is no one-size-fits-all answer to the question of which AI stock trading software is best, it is clear that there are many excellent options on the market. From our research, our overall best AI stock trading software remains Trade Ideas. However, choosing the stock trading software that fits your specific needs and trading style is still on you. For example, if you are looking to focus on crypto and stock trading, Algoriz is a pretty good tool; if you want to focus on ETFs, consider Equbot. Indeed, with the right AI stock trading software, you can confidently make the best investment decisions for your portfolio.