7 Best AI Trading Software of 2022 (50 Tools Reviewed)
Published: September 16th, 2022.
by Chris Von Wilpert
Today there are 72 different AI trading software to automate your crypto and stock market trading. We spent 80 hours comparing the top 50 to find the seven best you can use to increase your investment results.
What is the Best AI Trading Software?
Our Verdict — Best Of The Best
Price: Starts at $108/year (equivalent to $9/month)
Stoic is a crypto trading bot for people who want to automate their trading based on hard data, instead of relying on emotional trading. Anyone from beginners to pros can benefit from Stoic’s daily portfolio rebalancing that links to your Binance account. Stoic has gone up by over 2,143% since March, 2020.
The Best Part:
- Done-for-you. Stoic’s AI automatically manages and monitors your portfolio. The software will re-balance your portfolio daily, so you don’t have to worry about which assets to buy, hold, or sell. You also won’t have to manually enter or exit trades, or check if the market is bullish or bearish.
The Worst Part:
- You got to pay for the management fees upfront. The minimum management fee is $108/year and the minimum deposit amount is $1,000 USD. If you’re investing $10,000 USD or more, you’ll pay a 5% management fee right out of your deposit. Every time you add more crypto assets to your Binance account, Stoic will charge the 5% fee again.
Get it if you want the closest you can possibly get to a true “set-and-forget” experience, and have an artificial intelligence bot do all the trading for you.
I recommend you get started for $9/month on the Starter plan, then upgrade to the plan that works for your portfolio size.
(Starts at $108/year)
Stoic is best for anyone from beginner to professional traders who have a Binance account, and want a reliable AI trading bot to do all the dirty work for them.
- It’s reputable. Stoic trades on Binance, which is probably the exchange with the highest reputation in crypto markets. This makes it the most reliable AI trader out of all the options out there. Stoic relies on Cindicator’s “Zero Trust Principles” to reduce risks close to zero.
- Really close to “Set and forget.” Stoic manages and monitors your portfolio, so you’ll never need to have your eyes glued to a screen.
- Superb historic returns. Stoic has delivered +2,143% gains since March 2020, with over $100 million in assets on 15,000+ users’ accounts.
- It sifts the wheat from the chaff. Stoic uses a pre-selected portfolio of the top 30 cryptocurrencies, so it can automatically adjust your position with the highest performing coins out there, only.
- Low entry barrier. You can start with just $1,000 USD, and you’re ready to have your portfolio automatically managed by Stoic.
Stoic offers three pricing plans:
- Starter: $108/year for portfolios between $1000 and $3,500.
- Plus: $300/year for portfolios between $3,500 and $10,000.
- Pro: 5% fee for portfolios of $10,000 and over.
Try Stoic by investing your first $1,000 USD.
2. Trade Ideas
Our Verdict — Best For Stock Market Investors
Price: Starts at $118/month
Trade Ideas is the best tool for professional stock market investors to get real-time alerts, develop trading strategies, test investing hypotheses, and so on.
The Best Part:
- All the right information in the blink of an eye. Trade Ideas translate massive amounts of data into visual graphs that tell you the whole story in a simple, easy to understand way, so you can make your decisions faster.
The Worst Part:
- It’s limiting for foreign investors. You can only invest in U.S. and Canadian markets, and you only get feeds for stocks and options. It’d be great to use Trade Ideas’ capabilities for cryptocurrency, for example.
Get it if you’re a more experienced trader who wants a one-up against the market, by getting the right information before everyone else.
I recommend you get started for $118/month on the Standard plan, then upgrade to the Premium plan for more advanced features.
(15% off with the coupon ABC)
Trade Ideas is best for experienced stock and options traders. It focuses on stocks and options, so experienced traders can deep dive into the data, and come up with deep insights into market trends.
- Make it your own. Trade Ideas is the most customizable AI investing app, and it’s super easy to understand. You’ll be ready to go within a few minutes.
- Understand risk and reward in the blink of an eye. Every time you hop into your Trade Ideas chart, the software will present you with “risk and reward” levels for buying specific assets, based on your settings and average buying behavior. Find the best opportunities quickly, and know what to expect in advance.
- Stock racing. Watch 10 or 20 stocks simultaneously to compare their performance visually, over time. This visual representation makes it extra easy for you to get the full picture and know where to invest your money.
- Avoid uphill battles. With their “Compare Count” feature, you can get visual feedback of what strategy works best, in real time. As you see which strategy occurs more or less frequently, your decisions become clearer.
- Get your day trading going. With the Premium plan comes “Holly AI” aka Trade Ideas’ suggested entry and exit signals AI. Holly looks for statistical patterns, and coupled with their backtesting technology “Oddsmaker,” it lets you know which is the probable best time to enter or exit a trade.
Trade Ideas offers two pricing plans:
- Standard: $118/month for their basic features, like the visual trade assistant.
- Premium: $228/month for their advanced features, like suggested entry and exit signals.
Annual subscriptions provide up to 29% discount.
Try Trade Ideas for 15% off with the coupon ABC.
Our Verdict — Best For Day Traders
Price: Starts at $39/month
TrendSpider is one of the most versatile AI trading tools out there, and it keeps getting more and more popular among technical traders, day traders, swing traders and other high-frequency trading pros.
The Best Part:
- It’s super flexible. TrendSpider has market feeds for many different assets, like US stocks, currencies, and digital assets, to name a few. You can set your custom alerts and automated technical analysis when specific movements happen, so you can spot and exploit market trends quicker.
The Worst Part:
- There’s no “decision making” help for beginner traders. If you’re only beginning with technical indicators, this tool might feel a bit overwhelming.
Get it if you’re a day trader who wants to spot and exploit opportunities faster than the next trader.
I recommend you get started for $39/month on the Premium plan, then upgrade to the Elite Plan for $79/month.
(7 day free trial)
TrendSpider is best for the hands-on day trader who loves to spend time analyzing technical stock charts and indicators.
- Simple backtesting. TrendSpider allows you to backtest your strategies over any time frame you want, be it 1 minute or several months. Pick your market, pick your assets… and you’re ready to run your test.
- Raindrop charts. TrendSpider has developed their own alternative to candlesticks, called “Raindrop Charts.” Along with the standard open, high, low and close prices, you also get price development and the VWAP (Volume Weighted Average Price). This is like candlesticks on steroids, that let you know about the trading volume during a given period. Now you’ll be able to find those bull market signals a lot easier.
- Find opportunities quicker than anyone else. TrendSpider helps you ride along with breakouts in several markets. If an asset breaks resistance, they’ll let you know. Set your own watchlists, turn on the smart alert system, and the software will let you know about breakouts, price touches, and bounce setups when they happen. The AI also auto-detects trendlines, Fibonacci patterns, and candlestick patterns on multiple timeframes, on a single chart.
- Options Flow Scanner. This feature tracks directional trades like block trades or options sweeps, which can potentially point to massive directional bets from sharks. You get trade volume, expiration date, and strike prices on a whim. Their “unusual options scatter plot chart” shows current trades in a very unique way, making it a lot easier to find the big opportunities.
- Automated trend lines. Anyone who’s ever manually spotted the right anchors to create trend lines knows how painful it is. TrendSpider draws trendlines for you, with a single button click. Not only do you save time, but you also get a more accurate picture.
TrendSpider offers three pricing plans:
- Premium: $39/month for their basic features, like multi-timeframe scan.
- Elite: $79/month for their advanced features, like intraday backtesting.
- Advanced: $129/month for even longer time frames and higher limits.
Annual plans provide up to 25% discount.
Try TrendSpider today with a 7-day free trial.
Our Top Three Picks
Here’s a quick summary of our top three picks:
- Stoic — best of the best
- Trade Ideas — best for stock market investors
- TrendSpider — best for day traders
Here’s a quick comparison of our top seven picks:
Starts at $108/year
Starts at $118/mo
Starts at $39/mo
Starts at $60/mo
Starts at $29/mo
Starts at $100/mo
Here are the top 50 AI trading software tools we considered in this review:
- Trade Ideas
- Black Box Stocks
- Imperative Execution
- Interactive Brokers
- Infinite Assets
- Tech Trader
- Crypto Signals
- Trading Technologies
- GreenKey Technologies
- AI Stock Trading System
- Two Sigma
- Stock Signals
- Auto Trading
What Is AI Trading Software?
AI trading software is a computer program designed to predict market movements based on historical data. It’s usually used by retail investors to increase their chance of trading success.
The idea behind using artificial intelligence as a stock trading tool is to use machine learning algorithms to analyze past price patterns and predict future performance. This allows traders to enter trades at the right moment, in order to get more profitable trades than average human traders. AI trading software is usually sold with a monthly subscription.
These tools can be used for getting real-time data, alerts, and some of them will even do the trading for you, like cryptocurrency trading bots, and stock trading bots that aim to beat stock market and crypto market average returns.
Many of them have advanced features like proprietary indicators, risk controls, proprietary approach to trading, stock market indicators analysis, rigorous backtesting, stock chart pattern recognitions, proprietary ratings, and much more.
Is automated trading profitable?
Automated trading tends to be profitable when you trade stocks using technical analysis. Technical analysis is the study of past price movements to predict short-term stock future trends and future performance.
The main advantage of automated artificial intelligence stock trading is that it allows traders to focus on other aspects of their business while leaving the tedious task of managing trades to the software, in order to increase their potential profit.
The whole idea is to lower the inherent risk in investing, with the right risk management practices and risk management rules, in order to get that extra edge and achieve quicker financial returns.
Can you automate stock trading?
Yes, you can automate your stock trade portfolio management with some complex trading bots, like Stoic. Once you leverage these stock trading bot features, setting up your personal preferences and trading style, you could effectively automate your entire portfolio management.
It doesn’t matter if you’re a beginner trader, intermediate trader or an exceptional trader. With the right AI, you don't need to worry about making emotional mistakes when investing in stocks, especially when it comes to riskier activities, like swing traders or crypto traders, for example.
Does an auto trader work?
An auto trader works when you trade stocks automatically based on predefined rules. The advantage of using an auto trader is that they allow you to focus on other things while letting them do all the work for you.
However, you need to be careful about how much risk you want to take, with thorough risk analysis, and figuring out what kind of trading strategies you use in different financial markets.
If you’re going for bot trading, make sure you choose a safe trading bot, which has clear risk management capabilities. You can get crypto trading bots, arbitrage trading bots, paper trading bots, future prices trading bots, and all kinds of asset classes.
The Bottom Line
Here are our top picks for the best AI trading software to try this year: