When you got into day trading or investing, you probably went into it with high hopes of quick and sizable ROIs — and these hopes aren’t misplaced.
Being in the game exposes you to various opportunities to make it big in the markets. Whether it’s in stocks, commodities, or crypto, there’s always money to be made — that is, if you’re patient enough to keep an eye on the trends.
Opportunities abound in any market, but with market volatility spreading like the plague, knowing when to pounce on these opportunities is key.
If you don’t time your buy correctly, it goes from best-buy to “bye-bye gains.”
Sure, you can spend all day sitting in front of your monitor, keeping tabs on every peak and trough — but wouldn’t you rather leave this to a trader that doesn’t need to eat, sleep, work, or fulfill familial duties?
I’m talking about AI stock trading software. AI stock trading software keeps track of vital market data points, so you don’t have to. With the latest AI stock trading bots, trading software can take the guesswork out of your trading through automated trading.
Now, there are tons of cutting-edge stock trading software complete with AI stock trading bots and algorithm-sifting programming. In my experience as a trader, I’ve found 13 to be the best.
Without further ado, let’s get into my top 13 best AI stock trading software!
My Top Picks for the Best AI Trading Software
The best AI trading software ultimately depends on what kind of trader you are and what assets you’re into. When it comes to the best of the best, here are my recommendations:
- The Best AI Trading Software for On-the-Go Traders: Stock Hero
- The Best AI Trading Software for Beginners: Trade Ideas
- The Best AI Trading Software for Experienced Traders: EquBot
- The Best AI Trading Software for Crypto Asset Trading: A Tie Between Algoriz and Stoic
- The Best AI Stock Trading Software for Day Traders: Trend Spider
1. Trade Ideas
We’re kicking this list off with an AI trading software that’s amazing for traders of all levels — including beginners. Trade Ideas is the brainchild of a team consisting of dedicated devs, entrepreneurs, and passionate financial technology advocates.
Trade Ideas has multiple features guaranteed to make trading less daunting for the novice investor. The Trade Ideas AI, Holly, gives you first-hand information on momentum, volume spikes, and other data points to incorporate into your trading strategies.
Best Features
Right off the bat, what impressed me the most was the AI stock trading bots’ capabilities. The stock trading software’s AI, Holly, tracks more than just data points. It can also track stock trajectories. This means that when Holly sends you the green light to buy, you can rest assured that the AI zoomed out far back enough to confirm how the stock performed.
This entry signal capability isn’t just an amazing feature for the experienced trader. It’s also a godsend for newbie traders who have yet to develop the “sixth sense” of when to go all in and when to pull out.
Speaking of godsends for novices, Trade Ideas also comes with simulations. If you’re looking for an app that holds your hand on the scary journey that is stock trading, Trade Ideas is the AI stock trading software for you.
Drawbacks
Let’s start with pricing. Trade Ideas comes in three subscription types. The cheapest one is the basic subscription type, costing $199 per month. Mind you, that’s a lot of money even for experienced traders — but nothing great comes cheap.
My other hesitation on Trade Ideas is its compatibility. At the time of writing, Trade Ideas is compatible with Windows but not with OSX or Linux.
Luckily, I figured out a workaround for all my Mac-using readers. All you need to do is download Code Weaver and install Trade Ideas. Run Trade Ideas at the same time as Code Weaver, and you’ll be good to go.
2. Trend Spider
Coming in at number two is one of the most functional and well-improved charting stock trading software, Trend Spider. Trend Spider began primarily as software for charting. However, in 2022 the company behind the software added several functions that increased its use case. Now, Trend Spider comes equipped with multi-time data point analysis, custom alerts, customizable backgrounds, watchlists, and many other tools for the avid day trader.
Best Features
One of the most laborious parts of stock market trading is keeping an eye on the markets. Whether you’re into the stock market, financial markets, or the crypto market, looking at a chart won’t suffice. You’ll need stock trading bot software that somehow tells you where the next highs and lows might be.
That’s where Trend Spider comes in!
Trend Spider’s new smart watchlist feature is a real-time collection of assets worth a peek. The watchlist tells you which assets are on the rise by sifting through market data. With this feature, you won’t have to look at multiple exchanges.
A trend prediction powers Trend Spider’s smart watchlist feature. The prediction engine gathers historical data and extrapolates potential highs and lows using the data.
With this feature, Trend Spider becomes more than the charting software it was a couple of years back. It’s a stock trading software that does the hard data-digging for you and tells you where you might strike gold!
Drawbacks
Trend Spider is an amazing trading software if you’ve already got your own trading strategy dialed in, but that would mean that you’ve got trading experience. If you’re inexperienced and you want to automate stock trading, I’d point you to different software.
Trend Spider’s technical analysis presents everything as multiple data points. If you’re new, you might not know what to do with the information Trend Spider throws at you, so the software may be overwhelming for newbie traders.
3. Stoic
If there’s one market where an automated trading strategy works best, it’s the crypto market. If you’re looking to get into crypto, you’ll want AI trading software that takes the guesswork out of knowing when to sell or buy the dip. That’s exactly what you get with Stoic!
Stoic maximizes your success by segregating the best cryptocurrencies from the ones that aren’t up to snuff. It allows you to choose from 30 of the top-performing cryptocurrencies on the Binance exchange.
The software also gives you the option of automating your portfolio. Stoic automatically allocates your investments into the best tokens and re-distributes them as necessary. In short, Stoic is the software for those who have a set-it-and-forget-it trading style (if you call it a style).
Stoic is an all-in-one AI crypto trading bot for traders of all skill levels. With just a minimum investment of $1,000, a Binance account, and a risk appetite for the crypto markets, you’ll be good to go!
Best Features
Stoic is an automated trading software for cryptocurrencies that does nearly everything for you — and I’m not exaggerating. The software manages your cryptocurrency portfolio, so you don’t have to.
Another thing I loved about Stoic is that it’s legit. Trust is a sticking point for everyone getting into crypto, but since the software trades primarily on the Binance exchange, you can bet that it’s safe, secure, and regulated — and that’s a good thing, contrary to popular belief.
Lastly, let’s not forget how amazing the auto portfolio feature is. When you set up, Stoic automatically takes your deposit and invests it in the best-performing cryptocurrencies. You get more than a diversified portfolio; you get a high-performing one too.
I can go on and on about what makes Stoic and awesome AI crypto trading software. Are you new to crypto? You can’t go wrong with Stoic!
Drawbacks
For you to experience all the good stuff that makes Stoic amazing, you need to pay a management fee. The management fee is about $108 for your first year. When you add to your deposits, Stoic takes 5% as a management fee from your deposit.
If you deposited your first $1,000 to buy some Matic or Ether, you’ll have to pay the initial management fee of $108. When you start adding to your deposit, Stoic takes 5% each time.
That may not seem like much, but when you start trading crypto for more than a year, you’ll find that it adds up.
4. Tickeron
Wouldn’t it be great to have stock trading software with the technical analysis of Trade Ideas and the automated trading of Stoic? Look no further than Tickeron!
Tickeron boasts automated technical analysis that identifies trading opportunities for you. The trading opportunities — or “tickers” — are entry and exit signals. These data points will tell you when to buy and when to sell. If you don’t want to handle your trades yourself, Tickeron will do it for you based on the technical analysis it performed.
Tickeron also comes with adjustable data presentations for those who desire a less-overwhelming and cluttered layout. Also among Tickeron’s functionalities is historical data tracking that enables the AI trading bot to separate historically high-performing stocks from those that aren’t.
If you’re looking for AI software that can make your AI trading profitable, Tickeron is one of the best AI trading software you can go for.
Best Features
Confidence level adjustment was a major selling point for me. This feature allows you to set your confidence levels based on your trading strategies, and most importantly, your risk profile.
If you’ve got a low appetite for risk, you can set the confidence levels to the minimum. This will enable Tickeron’s AI trading bots to run your trades based on your risk profile and trading style.
I was also impressed with the software’s trend prediction engine. The trend prediction engine balances long-term forecasts with shorter time horizon forecasts, guaranteed to paint a more comprehensive picture of an asset’s performance.
Lifestyle and day traders can benefit from the AI software’s long-term technical analysis. Those into swing trading will find that the shorter time horizon analyses are a godsend.
Drawbacks
Tickeron doesn’t have the most beginner-friendly layout of many AI stock trading tools. The data layout presents multiple points of data. This can be intimidating for beginners and even some experienced traders.
For this reason, I’d recommend Tickeron for experienced day and swing traders. I’d also recommend it to seasoned traders who are devs.
5. EquBot
As good as the top AI trading software are, none of them come close to EquBot when it comes to sheer AI capabilities. Powering EquBot is IBM Watson, IBM’s AI software. EquBot leverages Watson’s analytics and capabilities and uses them to cross-analyze and triangulate data from financial markets all across the globe.
EquBot AI trading bots sift through various ETFs and exchanges to calculate the most profitable trades for you. Besides ETFs, EquBot’s artificial intelligence also looks into news articles and factors them into the software’s trend prediction and confidence levels.
EquBot’s AI also picks up on your trading strategies. After a while, the software does your market analysis and trading the way you would.
Best Features
There’s always an “onboarding” process when you use a new artificial intelligence trading software. With EquBot, all you need to do is use the software for some time. From here, watch it analyze and trade in a style that mimics your trading strategies.
Another great thing about EquBot is how its AI trading bots and trading algorithms factor in more than market data. It sifts through news articles randomly, as well as social media. The software is as comprehensive as it gets when it shows you a dozen entry and exit signals.
Drawbacks
EquBot is an awesome software for traders and retail investors who have developed their trading strategies — the keyword here is “developed.”
Like Tickeron, EquBot is amazing at market analysis, but it doesn’t help you with actual decision-making. Unless you’ve got your strategies dialed in, the software just mimics whatever trading strategies you’ve used.
With that said, EquBot is the AI trading tool for you if you’ve got a couple of years in the trading and investment game!
6. Kavout
Kavout makes it into my top 13 best AI trading software because of its innovative approach to data analysis. This beast of a stock trading tool leverages the power of Kai, Kavout’s proprietary AI stock trading engine.
Kai draws data from thousands of stock databases to give users in-depth market trends and trading volumes. Kai’s machine learning capabilities also give Kavout its unique screening feature. Called the Kavout Screener, this feature enables you to locate information specific to the stock asset you’re looking into.
Kavout also comes with a paper trading feature. The feature helps traders “experiment” with trading strategies before going all in with real money.
The software’s data analysis collates from a broad array of market sources to give you the best of the best stocks in real-time. You can jump on these opportunities when you check out the software’s smart watchlist.
Kavout’s data processing and analysis make it an amazing piece of software — not just for the individual investor but for firms as well.
Best Features
Kavout is as multi-functional as it gets since it has one of the most complex trading bots of any AI software. The software goes way beyond telling users the stock price and gives in-depth information on historical performance and trend trajectory.
What stood out for me was the Screener feature. The feature presents stock-specific information, which is useful when you’re on the fence about a new asset. The stock-specific data is as in-depth as they come, showing trading volumes, trade signals, and risk analysis. The Kavout Screener even allows you to set your own trading rules.
Drawbacks
The data presentations unique to Kavout show you right away that the company tries to bring big data to the average Joe and Jane. While it does this trick for the experienced trader, newer traders need to use the software for quite some time to get the hang of it.
Nevertheless, Kavout is a great option if you’re an experienced trader or someone at the helm of an investment firm.
7. Stock Hero
Coming in at number six is one of the best AI stock trading software for on-the-go traders. Stock Hero allows you to trade stocks on multiple platforms and exchanges. It’s also one of the most reliable AI stock trading tools if you’re looking for a tool with support.
Stock Hero boasts an immersive paper trading feature that helps a new user test out a trading strategy risk-free. The software’s stock trading bot also delivers comprehensive historical data for every asset, meaning it’s an invaluable tool for new and professional traders alike.
Here’s the best part — the AI software’s stock charts look as amazing on desktops as they do on mobile devices.
Stock Hero is one of the few AI stock trading tools that enable traders of various skill levels to trade using their phones or tablets. It’s currently available in SaaS, iOS, and Android.
Best Features
I appreciate how much work the development team put into making a mobile-friendly AI stock trading tool. Stock or forex trading on Stock Hero is as much a breeze on mobile as it is on a laptop or computer.
The paper trade feature is also one the most beginner-friendly I’ve ever seen on any AI software. Plus, if new users have any issues, the software’s customer support is hard to beat.
You’d think that with features like these, Stock Hero would cost an arm and a leg. On the contrary, the monthly subscription only costs less than $5 a month. Talk about a steal!
Overall, stock trades on Stock Hero are as intuitive as they get. With customer support and a user interface that doesn’t take long to figure out, it’s one of the best entry-level software for traders.
Drawbacks
Every app crashes from time to time. On a handful of occasions, Stock Hero has crashed on me. It’s not necessarily a deal breaker, but it does throw a wrench into your trading process.
Nevertheless, their customer support gets on top of things as soon as you reach out. Also, Stock Hero does update from time to time, so expect patches to make the app better each time.
8. Infinite Alpha
Infinite Alpha is another promising cryptocurrency trading software for serious crypto investors. The software continues to evolve in its AI trading bots as it keeps up with the growing market that’s the crypto market.
Infinite Alpha boasts AI trading bots that give users real-time analyses of crypto market data. The data generated by Infinite Alpha’s artificial intelligence engine is useful when you’re trying to figure out which token to look out for.
Infinite Alpha is also one of the most compliant cryptocurrency AI trading software to hit the market. At the time of writing, the AI trading software has at least seven compliance certifications, including ISO and PCI DSS standards.
Best Features
With crypto, I’ve always chosen software that guarantees security. Infinite Alpha has proven itself to be one of the most secure with its multiple-layer data encryption. This means that you’re safe as you trade and stake tokens. Your identity and account details stay protected thanks to the software’s blockchain capabilities.
Besides Infinite Alpha’s security features, the token options are massive. It offers an expanding list of cryptocurrencies that outnumber even those of Binance.
Overall, you can’t go wrong with Infinite Alpha, whether you’re HODL-ing or buying the dip.
Drawbacks
It’s not really a deal-breaker, but many people looking to use software would just want to start as quickly as possible. With Infinite Alpha, that’s not going to be the case. As soon as you consider using the software, you’ll have to start by reading the white paper on the software company’s site.
9. Algoriz
Here’s another piece of AI software I’d recommend if crypto is your thing. Algoriz comes with all the automated features that many traders look for in crypto trading software. Algoriz comes complete with real-time charts and asset management. The software also uses machine learning to pick up on your strategy, making automation of your crypto trades easier.
Algoriz also sends you email notifications for added transparency and security. Every transaction or update on the software goes straight to your inbox, meaning you see everything that goes on.
Best Features
Algoriz enables experienced traders to do something other types of crypto trading software won’t. The software is excellent for traders who have unique approaches to trading. Using machine learning, the Algoriz AI picks up on your strategy and implements it to a tee. This makes trading automation a breeze as it mimics your exact trading style.
Not sure if your strategy would work? When you use Algoriz, you’ll have access to a unique back-testing feature that allows you to see how your strategy would have fared. The software’s sentient asset management makes accurate extrapolations based on real-time market trends.
The real-time charts are also quite comprehensive. The software narrows down the best-performing assets based on trend prediction and historical price data.
If you’re an experienced crypto trader, Algoriz is sure to have everything you’ll want and need.
Drawbacks
The sentient asset management feature is one of the software’s selling points — and it’s one that more seasoned crypto traders love.
Unfortunately, the software may not be the best for less-experienced crypto traders. Algoriz works best if you’ve already developed strategies and have at least a few years of experience in trading crypto.
10. BlackBoxStocks
BlackBoxStocks is unique from other AI tools on this list. Unlike its counterparts, BlackBoxStocks isn’t a type of software. Rather, it’s an AI-powered online platform, complete with a community of traders, technical analysts, and users.
An AI engine powers many of BlackBoxStocks’s features, including its stock screener. The stock screener sifts through various major exchanges to give you the top 10 best assets to invest in.
BlackBoxStocks also allows users to select hundreds of AI trading strategies, each with a unique algorithm generated from various trading scenarios.
If you find yourself lost in your BlackBoxStocks journey, there’ll be a community of like-minded traders ready to chime in and help.
Best Features
Not everyone knows what they’re doing when they trade. That’s why I love how BlackBoxStocks doubles down on education and community support. BlackBoxStocks has an educational feature that helps new traders find their feet in the ever-confusing world of stock trading.
Community support is also something unseen in various types of trading platforms. There’s no shortage of assistance when you’re a BlackBoxStocks user.
Drawbacks
Yes, BlackBoxStocks is for beginner traders, but new traders shouldn’t dive into the platform’s features right away as the layout gets disorienting really quickly for any novice trader.
Newer users and traders need to sit in for the educational part first.
11. VectorVest
VectorVest outperforms BlackBoxStocks and many other artificial intelligence stock trading software on this list in user-friendliness. VectorVest boasts an intuitive user interface that beginner traders can get the hang of even without a tutorial.
Another unique feature of VectorVest is its market timing gauge. The feature notifies users about the best times to trade based on real-time trading signals. The notifications are by email since — like BlackBoxStocks — VectorVest is an online platform.
VectorVest is also complete with charts, watchlists, and stock screening, meaning you get everything you want from an AI stock trading bot.
Best Features
Right away, the simplicity of the UI is a godsend for new traders. Anyone can figure out how to navigate the platform.
I also loved how the timing signal tells you more than what stocks to grab. The timing signal feature also indicates your underperforming assets. This way, you’ll know which stocks to get in the market and which assets in your portfolio are worth selling.
Drawbacks
The timing signal notification is an amazing feature for traders who don’t want to stay glued to charts. However, when I tested it out, I found several of the signals odd. The buy signals had no historical data. This is bad news if you’re an experienced trader who wants more accurate projections and trends.
12. ImperativeX
ImperativeX has been a sleeper in AI trading software since its inception in 2016. Now, the software has grown to be one of the most popular among equities traders with its seamless order matching and AI-powered order management.
Also among ImperativeX’s impressive features are its optimizations in asset value discovery. ImperativeX’s AI trading bots sift through millions of exchanges daily, matching orders in real-time. As a result, you get down-to-the-second stock price updates.
Best Features
The stock price discovery feature is just one of the features I found impressive. Another is the variety of stock options and shares accessible with ImperativeX. ImperativeX has a broad range of equities sourced from several major exchanges in the country. If you’ve got a share or security in mind, ImperativeX is bound to have it.
Drawbacks
One of ImperativeX’s main exchanges is the New York Stock Exchange. Since the software matches orders from the NYSE and other exchanges in real-time, ImperativeX has the same hours of operability as the NYSE which is from 9:00 AM to 4:00 PM EST. You may want to consider this if you’re a weekend trader.
13. Meta Stock
We cap this list off with one of the best AI stock trading software for traders in the stock, equities, and foreign exchange market, Meta Stock. Meta Stock boasts one of the most cutting-edge artificial intelligence integrations for trend predictions, making it one of the most useful tools for the forex market.
The AI also powers Meta Stock’s backtesting features. Meta Stock’s AI stock trading bot simulates various trading scenarios based on algorithms and historical market data.
Best Features
Meta Stock’s backtesting is a game-changer for any trader who needs to see how a strategy pans out in a real market. The AI-generated trading environment uses actual historical data, meaning you simulate trades without the risk of loss.
Drawbacks
There’s not much to dislike, function-wise. However if you’re looking for a stunningly modern UI and app layout, look elsewhere. Meta Stock’s layout resembles early Windows apps.
I wouldn’t say it’s a deal breaker, but it’s worth considering if aesthetics are vital for you.
