Artificial intelligence has significantly transformed the way stock trading work. These AI-powered bots can boost your efficiency rate by speeding up processes and reducing the likelihood of human errors.
This automated approach in trading systems significantly boosts the potential for higher profits. Continue reading the article to discover the top AI stock trading bots and their pricing details.
10 Best AI Stock Trading Bots
There is a plethora of AI stock trading bots available:
1. Trade Ideas
Trade Ideas is a trading software that has a variety of trading algorithms. It helps you make a well-informed decision regarding any trade by devising strategies and running scans.
It also has a room where you can practice and learn stock trading. It also has options for indicators and signals when certain instructions are met.
- Trade ideas can identify the momentum of multiple stocks over time.
- The software displays the dynamic top 100– the top stocks according to the criteria set up by the user.
- There is the provision of a real-time scanner that notifies the moment a stock price changes
- Users can practice trading before investing with real money with the help of the simulated trading feature.
- Its Holly AI Stock trading bot is a manifestation of AI algorithms. This bot applies more than 70 AI strategies to stocks, providing a list of potential trades.
- The pros of trade ideas are that they can be used by all traders, from beginner to higher levels.
- It even gives a full quote window, which gives all the information that determines the stock price.
- The cons of trade ideas are that though it is easy to use, its user interface is outdated.
- Moreover, it only works on desktops and is not mobile-friendly.
Trade Ideas is priced at a standard plan of $118 per month and a premium plan of $228 per month. However, for annual payments, the price has been reduced to $84/ month for the standard plan and $167/ month for the premium plan.
TrendSpider is an all-in-one trading platform. Its trading bots are fully automated. They act as soon as any stock meets your requirements. They can function either within a specified or 24/7.
- TrendSpider has advanced chart patterns which are customizable.
- There are strategy-based bots that run in the background and display real-time market data.
- TrendSpider also provides trading ideas by scanning the entire market. It looks for trades as per your requirements.
- There are dynamic price alerts and multi-factor alerts that give you the best possible stock recommendations.
- TrendSpider has robust resources that are highly effective for advanced traders.
- TrendSpider’s automated trendline detection helps users save time as the program itself forms all charts and analyses automatically.
- TrendSpider is not beginner-friendly. Though it is efficient, it takes a lot of time to learn how to operate the platform.
- It is quite expensive and does not have a direct broker integration.
Trendspider is priced at $32/month essential plan, $65/month elite plan, and $135/ month elite plus plan. It also has yearly price plans.
3. Signal Stack
Signal Stack automates alerts from various platforms. It can convert any alert from any trading platform into an implemented order in any brokerage account automatically. It is very fast and simple to use.
This is an Enterprise-grade platform designed to process any signal coming from any outsource and convert them into live orders.
- It keeps the logs in detail of all the interactions with outside brokers and can send you automated alerts upon any special case.
- Signal Stack doesn’t require any coding skills.
- Signal Stack converts signals into orders within milliseconds to minimize slippage.
- By adjusting the payload, Signal Stack can place markets and limit orders automatically and quickly.
- It allows you very simply to filter the stock results by foreign stocks, preferred stocks, regular stocks, etc.
- Signal Stack provides real-time trading breakout signals.
- Signal Stack is very fast and simple to use. It provides results within minutes.
- It supports any trade signal from any trading platform.
- Signal Stack doesn’t come with built-in scans for stocks.
- Users need to pay extra charges for viewing the OTC market data.
- Signals are quite expensive.
Signal stack offers the first 25 signals for free and after that, it costs $0.59 per signal.
StockHero is considered the best for creating AI stock trading Bots. StockHero is used to create automated trading bots for various stocks as per your needs. The creation of these automated bots doesn’t require any code to perform tasks like trading stocks, back-testing strategies, etc.
- StockHero provides limitless backtesting of trading strategies. So users can test their strategies as many times as they want.
- Using StockHero, you can trade different stocks with just a single click.
- StockHero incorporates TradingView to allow the bots to buy and sell stocks.
- It supports all major operating systems like Android, iOS, etc.
- StockHero has a very user-friendly interface which comes out to be very convenient for users.
- StockHero allows you to rent a trading bot from a marketplace instead of buying one.
- It features rich stock trading bots: It offers multiple strategies such as DCA, Grid, etc.
- StockHero doesn’t have many bots in their marketplace.
- It doesn’t have integration with many brokerages.
- They do not have the latest news streaming feature.
StockHero offers 3 plans for users, below are the prices for the same:
- Lite:- $4.99/month.
- Premium:- $49.99/month.
- Professional:- $99.99/month.
Tickeron is also one of the advanced platforms which offers a wide range of options for AI trading. The AI Robots of the platform allow you to view bought and sold trades with probable profit and stop-loss in real-time.
The AI Robots scan the stocks and EFTs continuously and present them in a customizable field. Tickeron offers a variety of features like AI trend forecasting etc.
- Tickeron offers features like real-time trading predictions, pattern recognition, backtesting capabilities, etc.
- Tickeron offers custom pattern search criteria. You can customize your search pattern and search accordingly.
- It allows users to set a minimum confidence level for AI-recognised trends and patterns.
- Tickeron is a real-time platform, all the searches and filters are constantly updated. This makes real-time trading decisions easier.
- Tickeron provides 45 trade idea streams. It offers pattern recognition in real time.
- It provides the best AI trend prediction engines with admissible data and indicators.
- It doesn’t have a feature where you can indicators.
- Custom charting features are also limited to a certain point.
Tickeron has a beginner and two intermediate pricing plans. While the beginner plan is free, the Intermediate one is priced at $90/month and the intermediate two is priced at $180/month.
Scanz is a trading application that provides real-time newsfeed and stock screening for traders. It helps traders identify trading opportunities quickly by scanning the entire U.S. market. It is easy to use, and especially useful for day traders for quick, short-term gains.
- Scanz provides a large number of technical and fundamental filters that users can employ for scanning the trade markets.
- Various news scanners provide real-time news and updates. Users can also filter and customize news to get the precise stories they want.
- Scanz also provides screening charts. Users can populate the charts with as many indicators as they like.
- Scanz has a very simple user interface. It is beginner-friendly and is very easy to use.
- It has unique features like dollar volume data, Level I/II streaming price, fast news scanning, and SEC filings.
- Though Scanz is reliable, it has a very limited scope. Based on the pricing of Scanz, there should have been a wider array of functions and features.
- There is no provision for a social trading community. It is also not designed for backtesting.
Scanz is free for the first 14 days. After that period has expired, it is priced at $169/month which includes level one and level two quotes. There is also an option for OTC markets which costs an extra $15/month.
7. Imperative Execution
Imperative Execution is a financial technology company. It is the parent company of IntelligentCross. It uses artificial intelligence and enhances trading performances giving an advantage to financial professionals.
Its ATS (alternative trading system), which is SEC certified, swiftly matches orders, within microseconds of their arrival. This improves market efficiency.
- It has matching algorithms that match orders based on certain criteria like price and urgency.
- There is real-time scanning and prediction of market trends to provide users with the best possible results.
- Imperative execution offers automated order management, so the users can trade more efficiently with ease.
- The use of artificial intelligence improves the performance of users in trading and improves the results of execution. Users have to hence pay less for trading.
- Customization by users allows them to modify the trading algorithms that best suit their trading goals and objectives.
- IntelligentCross analysis that optimizes trade discovery, gives investors an edge in the market.
- The technology is only meant for institutional investors therefore small traders cannot benefit from it.
- The program is not beginner-friendly. The technical know-how is not easily understandable.
Imperative Execution offers a unique pricing model. Although the specific prices are kept confidential, the company has tried to reduce the impact on the market by large orders, hence leading to a more enhanced and efficient working system.
MetaStock is an industry-leading AI stock that has backtesting and forecasting capabilities. With more than 600 different types of charts and indicators, MetaStock provides technical analysis and charting for the stock market. The charting of stocks, ETFs, indices, bonds, and currencies is possible with MetaStock.
- Expert advisor: It provides a feature of expert advisor which is one of the best features of this platform. It offers trading signals, trends, and even commentary on trading conditions.
- Backtesting: It provides you a feature where you can do a lot of guesswork out of trading by using ‘System Tester’.
- Indicators: It provides more than 150 technical indicators, which provide you the information on your entry and exit.
- Charts: It provides you access to multiple types of charts. Some of the most popular charting styles are bars, candlesticks, equivolume, etc.
- It is one of the robust technical analysis platforms that provides you with the best analysis.
- It provides users with excellent backtesting and forecasting using which you can backtest as many times as you want.
- Xenith add-ons compete with the Bloomberg terminal.
- It is an outdated application and the site design is outdated as well.
- The platform provides no broker integration which is a huge disadvantage for users.
- It may turn out to be a steep learning for some of the users.
MetaStock offers both types of plans, one-off fee plans, and subscription services as well.
The subscription for MetaStock D/C starts from $59/month. On the other hand, the one-off fee for Xenith R/T goes as high as $1,395.
There is also a high number of add-ons that can be purchased.
9. Quantum Street AI
This AI bot is one of those machine learning models that has helped a large number of investors in driving out the best investment strategies and earning huge profits.
It helps in making the crypto trading process more simple for beginners. This software keeps in mind the risk and return factors to help the user in the best possible way.
- Uses best technology: This AI bot uses the best and the latest technology to analyze the trends in the market and investment strategies.
- Ensures security of the members: This software ensures the safety and security of its members by using various algorithms so that no personal information or data is leaked.
- Users can easily start investing without having the full-fledged knowledge of the market.
- 90% success rate is assured by the platform.
- No withdrawal fees are charged from the users.
- Users can make a free account
- The prices are very high starting from $250 which is not affordable for everyone.
- This is available only for professional investors.
Quantum Street AI charges $250 as the minimum deposit. There are no monthly fees charged from the users as the company doesn’t have any monthly/yearly plans. The users can easily create a free demo account.
The last AI and most powerful AI stock trading bot is Kavout. It is an AI software that accurately analyzes blogs, articles, news, and social media platforms to help the user make an informed decision.
This platform also helps the user to easily analyze the market and investment strategies before they use their real money.
- Accurate Analyzes: The most important feature of this AI stock trading bot is that it does the proper and accurate analysis of blogs and news that will ultimately help the user to make a profitable decision.
- Analyze Large No. of Data Points: Another feature of this AI bot is its capability to analyze millions of data points using Kai machine learning technology. This technology has proved to be a success for this AI Bot.
- Analyze Investment strategies: This AI software helps in analyzing the market and investment strategies using a paper trading portfolio which makes this bot unique.
- This machine can easily process and analyze large amounts of data.
- Users have easy access to new market trends, market prices, and the latest news.
- Users can easily test the investment strategies without using real money.
- The process is not simple and is not easily understood by the users therefore not suitable for beginners.
- In a world full of articles, and blogs, it is difficult to make the right decision.
Kavout offers pricing in two folds: a one-time fee and a monthly fee. A one-time fee is for the new users which covers testing, onboarding, etc. The monthly fee involves data services and fees vary according to the data quantity. Discount is available on paaS and SaaS modules.
A retail portfolio costs $7 for the first month and $49 monthly.
Are AI stock trading bots profitable?
Yes, AI stock trading bots are profitable if you have a good strategy. They have the potential to generate huge amounts of profits but they are not a guarantee for success, there are various underlying factors such as data amount, current market conditions, and the quality of the data.
However, if they are used with a proper strategy then they can prove to be profitable for the users.
How to use AI for stock trading?
Several ways can be used by the users to use AI for stock trading. It includes choosing smart trading advisors or analytical softwares to help them out with their investment decisions.
The users can also with the help of AI order customized robots that will make the entire investment process simple and easy for the user.