Artificial Intelligence has the potential to revolutionize the stock trading industry, with AI-powered software providing traders with advanced features like backtesting, automated trading, and real-time market analysis.
With so many options to choose from, it can be challenging to find the best AI trading software.
In this guide, we’ll be highlighting the top 10 AI trading software available, discussing their features, benefits, and why they’re worth considering for your trading needs.
Lastly, we’ve included some affiliate product links in this review! If you decide to click on one and make a purchase, we might earn a small commission. But don’t worry, it won’t cost you any extra and it’s a great way to show some love for our site at the same time!
Trade Ideas is a powerful stock trading software developed by a team of financial technology entrepreneurs and developers. It directly connects to Exchanges to track every tick and measure behavior in real-time.
The software includes an AI stock trading bot setup with dozens of investment algorithms. It is suitable for investors of all experience levels, with beginners having access to simulated training and practice sessions.
Intermediate traders utilize pre-built AI trading management technologies. Experts can fully customize their trade strategies and leverage AI to enhance them.
Trade Ideas’ AI-Holly bot provides suggested Entry Signals and Exit Signals based on different risk management techniques. The software also includes Full Quote Windows, which provide comprehensive fundamental data, and custom layouts.
The platform generates targeted sales copy. It addresses customer pain points and needs. This leads to better customer engagement.
The software also helps creates thought leadership content.
SignalStack is an enterprise-grade platform, designed to be reliable and highly available, with the ability to process incoming signals from any outside system and convert them into live orders within a brokerage account.
SignalStack leverages a signal stack, a specialized area of memory used as the execution stack during signal handlers.
This technology was previously unavailable to retail traders. Therefore, this platform enables users to automate their orders and level the playing field with hedge funds.
Stock Hero is a versatile platform that offers a simulated paper exchange to test your strategies risk-free. Once satisfied with the results, you can easily deploy your bot into the real world without any coding necessary.
The platform connects API keys to trade across multiple exchanges and is available on a web interface or iOS/Android app. Backtesting is available in six different time frames, and candlestick data pulled from respective brokerages is used to evaluate trade signals.
The cloud-based stock trading bot platform increases speed and reduces potential lag in time-sensitive trades.
The most crucial feature of StockHero is its Bots Marketplace, which makes it easy for new users to take advantage of well-performing stock trading bots created by experienced traders.
The platform also includes features such as automated trading, fast backtest, DCA, Grid, TradingView support, trading signals, and technical indicators.
Click to visit the Stock Hero Website
TrendSpider is an advanced stock analysis software platform that offers automatic technical analysis through its unique machine-learning algorithm. The software is suitable for day traders to general investors, providing users with valuable information for effective and profitable trades.
TrendSpider’s proprietary algorithm scans through historical market data to find trends in the forex market, which are then sent to human traders.
The platform’s Trading Bots enable users to turn their strategy into a fully automated, position-aware bot that can carry out virtually any task. Users can test and perfect their strategy with the Strategy Tester before launching it as a Trading Bot.
Trading Bots can be highly customized and flexible to match the user’s exact strategy, working on any timeframe from 15 minutes and up.
In addition to Trading Bots, TrendSpider’s all-in-one platform offers scanning and screening for better trade setups, smart charts that save time, dynamic price alerts that improve trade timing, backtesting, raindrop charts, and much more. The platform is highly customizable, and its Trading Bots and other features are powered by a cloud-based system.
Click to visit the TrendSpider Website
Tickeron is an advanced platform that offers a range of AI trading options, including AI Robots that enable users to view bought and sold trades with potential profit and stop loss in real-time.
The AI Robots scan stocks and ETFs every minute and present them in a customizable field, allowing users to adjust the selection from the given list. The AI Robot scans the tickers from the list to find trading opportunities based on real-time patterns.
Additionally, AI Robots operate automated trading rooms where the AI makes trades based on several neural networks.
Tickeron also offers AI Trend Forecasting, a feature that relies on historical price data to predict shifting market trends. The platform’s AI trend prediction engine includes a confidence level that shows the odds of success for each predicted trend.
Users can customize confidence levels and set a minimum confidence level for AI recognized trends and patterns, allowing more risk-averse individuals to use more proven techniques.
Other valuable features of Tickeron include paper trades, helpful tools for traders and investors, and a marketplace full of trade ideas.
Click to visit the Tickeron Website
Scanz is an all-in-one market scanning platform designed for day traders and swing traders. The powerful platform enables users to scan the entire stock market in seconds, sending a constant stream of endless trade opportunities in real-time.
Users can easily scan a combination of over 100 price, volume, technical, and fundamental variables, or choose a pre-built scan designed by the Scanz trading team for a more hands-off approach.
The software is designed to identify and capitalize on active stocks making moves in the pre-market from 5:00 am all the way to 8:00 pm EST. News Scanner, built for news traders, delivers an advanced news feed with ultra-powerful filtering and sorting functionality.
The platform is powered by over 100 news sources, press release wires, financial blogs, and complete SEC filings to ensure users never miss a real-time, market-moving event.
Scanz also offers an informative window that provides all the necessary information, including charts, level 2, time & sales, fundamentals, news, and more.
The platform easily integrates with multiple brokers, including Interactive Brokers or TD Ameritrade, and includes features such as saved chart templates, multiple scanner windows, market internals, historical prints, scan logs, market maker activity log, tabbed windows, email alerts, different alert sounds, and keyword-based news scans.
Click to visit the Scanz Website
EquBot AI with Watson is a powerful AI investment platform that helps asset managers navigate the exponential growth of data through custom AI-powered portfolios as a service (PaaS), indexes, and signals.
The platform transforms data into better investment outcomes for insurance companies and other asset owners by leveraging custom AI portfolios as a service (PaaS), indexes, and signals. With EquBot’s custom AI portfolios as a service (PaaS), indexes, and signals, users can not only keep up with but thrive in an increasingly complex world of data.
The power of EquBot AI with Watson enables the construction, monitoring, and adjustment of clients’ portfolios to help them achieve their investment goals. Personal investors can also harness the power of EquBot AI with Watson through AI-powered ETFs to transform data into better investment outcomes.
Equbot is another excellent option for an AI stock trading bot that leverages IBM Watson to enable an effective AI investment platform that helps users make smarter decisions.
One of the unique aspects of Equbot is that it combines data from ETFs and AI, which it then processes to provide detailed analytics and alerts. The software also performs random analyses of news articles from across the globe and analyzes social media events to keep users updated with the latest financial news.
Equbot has the ability to learn user preferences over time, meaning users can save time by not having to teach the program how they like to operate.
Click to visit the EquBot AI Website
Imperative Execution is an alternative trading system designed for institutional investors. It features pre and post-trade points and bid and offer quotes for performance analysis, making it a powerful tool for optimizing trading performance.
The platform utilizes machine learning to match frequency and liquidity for subsequent trades, enhancing market efficiency.
The organization is the parent company of Intelligent Cross US equities ATS, which was the first venue to use AI to optimize trading performance. The Intelligence Cross tool matches orders at discrete times and within microseconds of arrival, maximizing price discovery and minimizing market impact. Imperative Execution also features the ASPEN (Adverse Selection Protection Engine) system, which acts as a bid/offer book. Additionally, the IQX data feed provides users with an in-depth view of all executions on Aspen.
Click to visit the Imperative Execution Website
Algoriz is an AI software designed to build, backtest, and automate trading strategies in Equities and Cryptocurrencies.
The platform offers an intuitive interface that connects you to different data vendors and supports various coins like Bitcoin, Ethereum, and XRP. You can securely connect your broker account to Algoriz to automate your trading algorithms or build strategies with broker data alone or with Algoriz’s vendor data.
Algoriz supports over 10,000 different strategies that are made and tested on the platform’s simulated matching engine. The software is user-friendly and provides standardized modules for designing executable strategies.
Additionally, you can fully automate trading ideas or turn on alerts to receive notifications when your signals trigger.
Click to visit the Algoriz Website
Infinite ALPHA (formerly Infinite Assets) is an AI trading software that specializes in monitoring and trading the forex and crypto markets.
It monitors the markets for trade opportunities and sends you buy and trade signals to execute trades on time.
The software monitors currency pairs and does all the technical analysis work for you, including the use of sophisticated indicators like MACD, stochastic oscillator, and Swing Point indicator. The platform also gives you access to an exclusive member’s area where you can watch professional traders trade in real-time.
However, Infinite ALPHA has a unique pricing scheme, with access to the service rationed by the number of hours, ranging from 24 to 120 hours at different prices.