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With the advent of AI and machine learning, traders now have access to AI trading software and platforms that can help them make more informed and profitable decisions.
In this blog post, we will take a look at 5 of the best AI trading software, platforms, and apps available right now. We will discuss the key features of each platform, as well as pricing information. Finally, we will give our take on which platform is best for you.
Let’s get started!
What Is The Best AI Trading Software?
Here are the five best AI trading software, platforms, and apps:
1. TrendSpider
Overview:
TrendSpider is a cloud-based AI stock trading software that uses artificial intelligence to help traders with technical analysis. Trendspider uses AI to analyze data points for backtesting and has pattern recognition for providing you with optimal buy/sell signals.
One of the things I like about Trendspider is that it’s easy to use and understand. The platform gives you the ability to see all the data you need in one place so you can make better trading decisions.
In addition, Trendspider also offers an Automated Trendline Detection feature. This feature uses artificial intelligence and applied statistics to draw trendlines to help your own trading strategy.
Using AI, Trendspider can also spot common candlestick trends with its automated candlestick pattern recognition function. This can cut down your efforts for technical analysis and open up more trading opportunities.
Trendspider also has a mobile app so you can access your account and trade on the go.
Key features:
- Easy-to-use platform
- Has automated trendline detection
- Has automated candlestick pattern recognition
- Has a mobile app for iOS and Android devices
- Cheaper pricing plans starting at $33/month
- Has a 7-day free trial
My Take:
Trendspider is a great AI trading software for those who are looking for an easy-to-use platform to trade a wide variety of securities.
I like that it has automated trendline detection and candlestick pattern recognition. Trendspider’s user interface is really nice to use as well. The mobile app is also a great feature for checking your trades on the go.
However, the automated trading system by Trendspider might still require some previous experience with trading rules.
2. FinBrain Technologies
Overview:
FinBrain Technologies stands out as a comprehensive AI trading platform that seamlessly integrates insights from both the crypto and traditional financial markets. With its platform, FinBrain Terminal, traders gain access to daily AI stock forecasts and a wide array of Alternative data, making it a one-stop-shop for all trading needs.
What sets FinBrain apart is its commitment to providing traders with the most accurate and up-to-date information. The platform’s AI-driven approach analyzes vast amounts of price, technical, and alternative data, offering forecasts on future price movements of over 10,000 assets.
This, combined with its news sentiment analysis and unique features like tracking US congressional trades, offers traders a distinct edge in the market.
Moreover, FinBrain’s global reach, serving paid customers from over 60 countries, is a testament to its reliability and effectiveness in the trading community.
Key features:
- AI-Driven Forecasts: Daily predictions for over 10,000 assets using advanced neural networks.
- Technical Outlook Reports: Comprehensive insights including company technical status and sentiment scores.
- News & Sentiment Analysis: AI/NLP algorithms provide sentiment scores from 20+ major financial news sources.
- US House & Senate Trades: Unique insights into trades by US Representatives and Senators.
- Insider Transactions: Detailed data on trades by company insiders.
- Options Analysis: Bullish/bearish signals derived from the latest traded put-call option contract volumes.
- Mobile App Scores: Indicators of company app user satisfaction, hinting at potential revenue growth.
- Diverse Markets: Unique forecasts and data for assets across 20 different markets.
My Take:
FinBrain Technologies is a must-have for traders who prioritize accuracy and comprehensiveness in their trading tools. The platform’s AI-driven approach, combined with its vast array of features, makes it a top choice for traders worldwide. The ability to track trades of US congressional members and company insiders offers a unique edge, setting them apart in the AI trading software space. While the platform is packed with features, its user-friendly interface ensures that traders, whether novice or seasoned, can make the most of it.
Bottom Line:
For traders seeking a robust AI-driven trading platform that offers a holistic view of both crypto and traditional markets, FinBrain Technologies is an unparalleled choice!
3. Trade Ideas
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Overview:
Trade Ideas is a powerful AI-based stock market analysis and trading platform.
It offers real-time data and insights, as well as historical data backtesting. Being an AI-powered robo-advisor, the best trading scenarios are selected through artificial intelligence algorithms used by Trade Ideas.
With this added knowledge from AI, you can plan your stock market trading strategies to perform better and have them executed directly from within your preferred brokerage platform.
Moreover, AI simulations are also done to maximize your returns by simulating trading to identify positive outcomes and prevent mistakes.
Trade Ideas also has a feature called the “OddsMaker Window”. This is their Event Based backtesting that allows traders to evaluate how scans, entry signals, and trading plans have performed recently.
Trade Ideas’ AI, named Holly, is another great feature within their product. Holly gives you automated entry signals to tell you when is the best time to enter your position.
In the same way, exit signals are also available within the same trading day hours.
Being a data lover, one really cool thing I love about Trade Ideas is their real-time data visualization called “Real-Time Stock Racing. This is a unique way for traders like you to better comprehend data to make smarter trades.
Check it out below!
Trade Ideas also has a strong social media presence, with a large community of active users.
Key features:
- Has Real-Time Stock Racing (real-time data visualization)
- Holly AI automates entry and exit signals
- “OddsMaker Window” event Based backtesting
- Includes a news pane to stay up to date with the latest news on the financial markets
My Take:
If you are looking for an AI-based platform that offers a lot of features and advantages, Trade Ideas is a great choice.
I particularly like the Real-Time Stock Racing visualization, which is helpful in understanding data to make smarter trades. The pricing is also reasonable, especially if you sign up for the annual plan.
Overall, this stock trading tool provides the most balanced offering among all the options available.
4. Kavout
Overview:
Kavout is another powerful platform for AI stock trading bots that helps you find, test, and execute AI trading strategies. Kavout uses machine learning to identify patterns in data and make predictions on stock prices.
With Kavout’s Portfolio Toolbox, you can leverage machine learning (a subset of artificial intelligence) to automate stock trading and help build up your stock portfolio. This feature also evaluates and diagnoses your stocks automatically.
Kavout’s other product, Signal DB, also has a Predictive Equity Rating called the K score. This K score represents how likely a stock is to have out-performance.
Kavout uses stock data to feed into the AI to assign your stocks with K scores automatically.
This can help you to make better buy/sell decisions and improve your trading style to a data-driven one to make more profitable trades.
Key features:
- Uses machine learning to find patterns in data
- Has a K score rating system for stocks
- Offers trading strategies
- Helps you manage your portfolio
- Lower cost
My Take:
I like that Kavout uses machine learning to find patterns in data. The K score rating system is also a helpful tool for making buy/sell decisions on stocks.
Kavout’s Portfolio Toolbox is a great way to help manage your portfolio and get started with trading strategies. The pricing is also lower compared to other AI trading software platforms.
Overall, this stock trading bot software is the most effective for those looking for a data-driven way (through their K score rating) to trade.
5. Tickeron
Overview:
Tickeron is a cloud-based artificial intelligence trading system that offers real-time data and insights for stocks, ETFs, forex, and cryptocurrencies.
One of the things I like about Tickeron is that it offers a wide range of AI features for both novice and experienced traders.
For example, the Stock Real Time Patterns (RTP) by Tickeron is a great feature to analyze market trends. It helps predict breakout patterns and target prices to assist you when you trade stocks.
In addition, Tickeron also has a “Stock AI Pattern Search Engine (PSE)” where you can leverage the power of AI to look for patterns—improving your chances of trading success.
This means that the AI can provide you with entry and exit signals based on the patterns you choose!
The Trend Prediction Engine (TPE) by Tickeron is another AI-powered tool you can use to determine if a trend is bullish or bearish. This can be useful for newer traders with less experience.
Key features:
- Offers a wide range of features for both novice and experienced traders
- Offers real-time data and insights (RTP)
- Has an AI for to predict entry/exit signals for swing traders
- Has an AI bullish/bearish trend predictor
- Can be used to trade a wide range of assets (stocks, ETFs, forex market and cryptocurrencies)
- Has a 14-day free trial to test out its returns
- Has a mobile app for iOS and Android
- Customizable pricing plans
My Take:
Tickeron is a great choice for those who are looking for an AI-based platform with a wide range of features.
I like that there is a free plan as well as paid plans. The 14-day free trial is also helpful in trying out the platform before making a commitment.
If you’re planning to use Tickeron for trading, I’d recommend getting the Swing Trader Plan at $80/month for the full range of AI-powered tools in Tickeron.
6. Algoriz
Overview:
Algoriz is another AI trading software that’s built for creating, backtesting and automating your trading in stocks and cryptocurrencies.
Here’s what I love about Algoriz: They allow you to build your own trading strategy easily through the use of AI!
This means that you can quickly get a strategy all set up and automated using only plain English.
Key Features:
- Easy to build automated trading strategies using English
- One easy-to-access, intuitive interface for market sentiment data
- No programming required
- Lower cost
- Custom hosting of dedicated virtual machine with Premium Plan
My Take:
Algoriz is the best AI trading system for professionals with smaller budgets.
I love that Algoriz allows you to easily build your own automated trading strategy using English. This is a great feature for those who don’t know how to code or don’t want to deal with the hassle of coding.
The Premium Plan is the best deal as it gives you access to a dedicated virtual machine and custom hosting. This is a great option for those who want to have more control over their trading process.
Related Questions
What is AI trading?
AI trading uses artificial intelligence (AI) to make trading decisions, analyze data and execute trades. AI trading leverages machine learning algorithms to process large amounts of market data to identify profitable opportunities for buying or selling assets.
What is AI trading software?
AI trading software is an automated software that uses artificial intelligence (AI) to make decisions, analyze data and execute trades. AI trading software can be used for analyzing stocks, cryptocurrencies, commodities, and other financial markets.
Which AI trading software is best?
The best AI trading software. Some of the most popular AI trading software include Trade Ideas, Tickeron, and Trendspider. However, this depends on your individual needs and goals.
Do AI trading bots work?
Yes, AI trading bots work. These AI bots provide a good way for beginners with less knowledge of trading strategies to execute trades. New individual traders will require less time to analyze the market and select the right strategies.
However, these AI trading bots are not fully reliable and may not guarantee profit for each trade.
You may choose to use these AI arbitrage trading bots in a simulated trading account before using real money.
Is there an AI for stock trading?
There is an AI for trading. AI in trading analyzes millions of datasets and executes trades to produce the best possible returns. AI traders also understand market sentiment data faster and more efficiently. The best AI for trading is Trade Ideas, Tickeron, and Trendspider.
Is AI trading profitable?
AI trading is decently profitable and can produce favorable returns. AI trading leverages artificial intelligence to build and improve trading strategies to maximize profit. However, AI traders do not guarantee perfectly-time profits.
Final Thoughts
So there you have it, the five best AI trading software platforms of 2023!
I hope this blog post helped you to find the right platform for your needs. Thanks for reading!
