AI has revolutionized the operation of financial markets by automating the most tedious trading aspects and allows traders to complete different tasks quickly. Any keen trader should keep abreast with technological changes to leverage their trading strategies. One such change is the introduction of AI in stock trading, which allows traders to make smarter decisions in their investing and trading journey.
Are you looking for AI-powered trading software to help boost your investment returns in the stock market and don't know which one to choose? We've compiled a detailed list of the best AI trading software in 2024 to help improve your stock trading investment. That's not all; we've gone further to analyze their features, pros, and cons to give you a deeper understanding of the same.
Trade Ideas
Trade Ideas is a platform that provides traders with real-time stock scanning, strategy backtesting, and automated trading tools to help them generate and execute profitable trading ideas.
Trend Spider
TrendSpider is a technical analysis software that uses automation and machine learning to help traders analyze and visualize trends in stock prices and make more informed trading decisions.
Danelfin
Danelfin is an advanced AI-based analytics platform designed to provide investment insights and predictive models to help traders and investors make informed financial decisions.
Stock Hero
Stockhero is an AI-powered stock trading bot that uses advanced algorithms and real-time market analysis to automate buying and selling of stocks, optimizing investment strategies.
Tickeron
Tickeron is an innovative, AI-powered platform that provides trading algorithms, market predictions, and advanced analytics to help investors make informed financial decisions.
BlackBoxStocks
Blackbox stocks is a stock trading platform that provides users with real-time alerts, advanced options trading tools, and a community-driven approach to help traders identify profitable opportunities.
VectorVest
VectorVest is a comprehensive stock analysis and portfolio management platform that provides investors with quantitative analysis, real-time market data, and strategic guidance.
MetaStock
MetaStock is a stock charting and analysis software that provides tools for technical analysis, backtesting, and real-time market data to help traders in making confident investment decisions.
Top 8 Best AI Stock Trading Software in 2024
In this insightful list, we review our best picks for AI-powered stock trading software;
1. Trade Ideas
Trade Ideas is the leading and current go-to AI trading platform thanks to its customizable settings for beginner and experienced traders. The simulated practice and training sessions help beginners learn and advance their trading strategies. Similarly, the built-in AI trading management assists intermediate traders in building up their experience and allows experts to customize their trade strategy.
Through simulated trading, investors can try out their strategies and evaluate practical actions or mistakes that can bring losses. They can, hence, only use effective techniques during actual trading. Another boost is the artificial intelligence algorithms that give real-time results for a better trading experience.
Trade Ideas includes Tradezero and Interactive Brokers for users to trade on them directly through its platform. Backtesting helps show results on the performance of entry signals, trading plans, exit signals, trading scans, etc. The real-time scanner crowns all Trade Idea's features as it alerts you instantly whenever an event triggers.
Users can link Trade Ideas to other apps for convenient trading. Moreover, users can view multiple trends through the picture-in-picture IP Charting. There are two pricing options: standard ($84 per month) and premium ($167 per month).
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2. Trend Spider
This all-in-one software incorporates essential yet efficient tools to fulfill your enthusiasm for becoming a technical trader. Trend Spider mainly deals with real-time stock analysis, forex, options flow, and crypto. The AI-powered charting system employs a unique algorithm to provide timely results to help general investors and day traders boost their trading to top levels.
The trade scanner efficiently scans through the market to help you customize and create new trading strategies. Moreover, the software backtested information into live trading bots to enhance your research without coding. The main icons have few filters and are thus easy to navigate. You can link the platform to your telegram, discord, or Twitter to get instant alerts or to all your trading and brokerage accounts.
The platform is beginner-friendly thanks to its free face-to-face training and support to users who require expert help. This is a great advantage to traders as there's no free plan for them to test the efficiency of the software. The monthly subscription plans range from $33 to $97 per month. Therefore, traders can subscribe to plans that satisfy their needs.
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3. Danelfin
Danelfin is a cutting-edge AI stock trading software that leverages advanced algorithms and machine learning to deliver predictive analytics and actionable insights for traders and investors.
Designed with both novice and professional traders in mind, Danelfin simplifies market analysis by providing real-time data, trend forecasts, and personalized trading strategies.
The platform not only scans vast amounts of financial data but also continually learns and adapts to market changes to enhance prediction accuracy. Its intuitive interface makes it accessible to users with varying levels of expertise, while its robust analytical tools enable deep dive analyses for more informed decision-making.
With features such as automated trading, risk management tools, and performance tracking, Danelfin stands out as a comprehensive solution for optimizing investment strategies and maximizing returns in the ever-volatile stock market.
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4. Stock Hero
Stock Hero has comprehensive features, an easy-to-use interface, budget-friendly pricing, and exceptional customer support, making it a darling for new and seasoned traders. Thanks to the simple user interface, users with little or no experience in automated trading will have an easy time when trading.
Additionally, top-notch customer service through real-time WhatsApp support and explanations helps improve your user experience. The platform also offers paper exchanges so that you can try any trading strategies in a risk-free manner. You can start trading with the bots if the results satisfy your demands.
The pricing plans range from $4.99 to $99.99 per month, which is pretty on the lower end, considering the platform's services. Backtesting is available in 6 timeframes: daily, monthly, after 3 months, 6 months, and 1 year. The AI-powered stock trading bot gives results in minutes with no coding required.
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5. Tickeron
Tickeron is an advanced trading platform offering different AI trading options. Automated entry/exit points, predicted trends and real-time AI patterns are great portfolio management tools for investors. The availability of multiple customization options allows traders to either work with certain confidence levels or emphasize specific stocks.
The software scans through large stock volumes and ETFs then displays results within minutes. This allows investors to evaluate their trade patterns' current and past performance. The results are presented in a customizable format so users can adjust them easily. The AI robots, in turn, scan through the listed tickers to find real-time trading opportunities.
AI Trend Forecasting: the software's AI trend engine uses past trading data to forecast changes in market trends in a week or months. The additional confidence level allows traders to evaluate success odds for every forecasted trend and view trades with a high-profit potential to stop making losses.
Tickeron has three monthly subscription plans ranging from $90 to $180 to satisfy different trader needs.
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6. BlackBoxStocks
This platform incorporates algorithms with AI to give stock screener solutions that help sift out unnecessary data from the market. Therefore, you get real-time data according to your search criteria. The analyzed trading alerts are handy as they significantly involve your decision-making process regarding what action to take.
As a BlackBoxStocks user, you access Twitter groups and private discord channels to get insights on real-time stock market trends. The multiple scanners, premarket/post-market, options, dark pool, and automated trading scanners give real-time detailed data. Advanced traders love the dark pool scanner, which offers real-time data from mysterious markets.
The volatility indicator helps you monitor stock movement, while the Alert Logs Volatility tab guides you on market actions, prices, and stock trends.
Keep your trading life along with you using the BlackBoxStocks mobile app. Traders can use the 7-day non-risk trial period or subscribe to the platform for $99.97 monthly or $959 annually.
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7. VectorVest
VectorVest is one of the best AI software for efficient market timing. It offers automated options analysis, signals, and AI bot stock trading. It has three main points of focus: timing, value, and safety.
Therefore, it has a few stock market indicators and provides traders with only what's necessary through their VST system parameters.
RS Relative Safety allows you to measure a company's financial stability. The RV Relative Value gives an estimated value return against an AAA corporate bond, while RT Relative Timing analyses the short-term stock trends. The bearish and bullish VetcorVest signals and the proprietary system make finding stocks for traders and investors easy.
A portfolio management tool helps traders customize and manage their portfolios according to their preferences, investment strategies, and risk tolerance. The availability of the VectorVest mobile app is quite handy as users can access it from anywhere.
Finally, there's a monthly subscription fee of $99 to $149, depending on whatever features you intend to unlock.
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8. MetaStock
MetaStock is a leading AI stock trading software highly known for its stock forecasting and backtesting abilities. It provides in-depth technical market analysis, has a powerful charting system comprising over 600 charts and indicators to guarantee timely results. Users can chart stocks, indices, ETFs, currencies, and bonds.
Through MetaStock Expert Advisors bots, beginner or intermediate traders can understand technical analysis patterns and how to profit from them. Nevertheless, the software's algorithms don't match those of Trade Ideas. Luckily, with some coding knowledge, you can improve them to provide a similar trading experience.
What's more, MetaStock has an intelligent backtesting system that allows you to backtest up to 58 systems. After selecting a particular system, the software takes seconds to run a backtest to reveal the trade size, duration, history, and profit/loss margins.
Next, you should leverage backtests to create a unique winning strategy that will put you ahead of other traders. MetaStock has a one-month trial, MetaStock D/C at $59 per month, and MetaStock R/T at $100 monthly.
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What's the Cost of AI Stock Trading Bots?
The availability of different AI trading bots means varying prices according to their features, data offered, and overall functionality. Some software like MetaStock and BlackBoxStocks have free trial plans, while others like Trend Spider and Trade Ideas have only paid subscription plans.
How do you Choose the Best AI Stock Trading Software?
Here are the aspects we used to narrow down the above list of best stock trading programs:
Conclusion
Undoubtedly, AI is here to stay, and it's high time you used its technology in your trading ventures. AI is an excellent tool for traders to manage their portfolios effectively and select the best profitable opportunities.
Trade Ideas ranks top on our list as the best AI trading software for searching and implementing trades with high profitability margins.
Trend Spider has a robust charting system that delivers real-time results. MetaStock and Stock Hero allow data backtesting so traders can make informed trading strategies.
Others like VectorVest, Danelfin, BlackBoxStocks, and Tickeron are also among the best-stocked AI trading software. Traders can use any of the above stock trading software and customize it to their liking.