6 Best AI Trading Software of 2022 (Ranked and Reviewed)

6 Best AI trading software

Whatever your skill level or trading strategy over the last decade, you have likely made a handsome return on the stock markets. Well, it is now 2022 and the fun is over. We are witnessing a level of inflation, stock market volatility and losses like most of us have not seen in our trading careers. 

It is now time to seek help, learn the technicals, and return your portfolio to profitability with AI trading software. 

AI trading is a method of using algorithms and artificial intelligence to pick high-performing investments based on your preferences. The idea behind this type of automated trading is that it can provide an investor with more confident, safe, and profitable trades than they could achieve themselves. 

Short on time? Here are our top 3 best AI trading software with the key features you need to know about.

TICKERON

Best for Beginners
$ 30 Monthly
  • AI predicted entry/exit signals
  • Open reports on all AI Trades
  • Trend predictions
  • Trade simulator to test ideas
  • Community competitions for rewards
  • Marketplace for investing tools
  • Exchange watchlists with others
  • AI suggested model portfolios

TREND SPIDER

Best for Technical Analysis
$33
$ 24 Monthly
  • Create watchlists based on custom or pre-configured technical filters
  • Customizable charts and visual aids
  • Combine price and volume analysis
  • Create alerts
  • Historical analysis and testing to improve your strategies
  • Automated trading based on strategies you choose

TRADE IDEAS

Good Features & Easy To Use
$84
$ 71 Monthly
  • Daily opportunities based on overnight market data
  • Intraday entry and exit suggestions based on your risk tolerance
  • Automated trading based on strategies you choose
  • Trade simulator to test your ideas
  • Historical analysis and testing to improve your strategies
  • Easy view of fundamentals and technical data affecting a stock’s price

What is the Best AI Trading Software?

WHAT IS IT?

Tickeron is one of our top choices for the best AI trading or AI investing software on the market. Tickeron uses artificial intelligence to perform analysis and spot patterns using real-time and historical market data.

Unlike other companies on our list that provide an all-in-one trading platform, Tickeron encompasses multiple tools split out into various monthly subscriptions, so you can choose the ones that fit what you are looking for.

HOW DOES IT WORK?

Tickeron’s suite of AI powered investing apps or tools provide entry and exit signals for stocks, ETFs, mutual funds, crypto and forex. All of these Tickeron apps use advanced AI based modeling and analysis to provide the recommendations you need to make trading decisions.

WHAT ARE THE BENEFITS?

Besides the cutting edge AI powered analysis, one of the major benefits of Tickeron is the customizable subscriptions and beginner friendly features

  • If you have no experience, you can simply subscribe to daily ‘Buy, Sell or Hold’ signals or custom model portfolios. The simplified base Investor package includes all the model portfolios and daily signals for only $30 per month when you sign up for an annual contract.  
  • If you want more sophisticated analysis, you can subscribe to pattern analysis, end of day trading patterns, trend predictions or stock screeners. These are all available in the simplified annual Swing Trader package for $40 per month. 
  • You can also add-on just the apps and features you want on top of the base package.

Another benefit of Tickeron is the amazing trading community and learning center. 

  • You can follow other members’ successful trades, exchange watchlists, join investing clubs and read blogs by expert traders.
  • Learn 1 on 1 from experts, join courses, watch videos and take part in webcasts.

RATINGS

  1. Ease of use: 5/5 stars 
  2. Functionality and Capabilities: 4.5/5

PRICING

Tickeron’s pricing models with all the add-on apps can be a bit confusing. If you want to only purchase one or two standalone subscriptions, go for it!

We recommend selecting one of the 4 simplified plans, which package together most of the features based on your interest. 

Note: You also save 50% monthly when signing up on an annual plan.

Investor: $60/month ($30/month with an annual subscription)

Swing Trader: $80/month ($40/month with an annual subscription)

Day Trader: $100/month ($50/month with an annual subscription)

Expert: $250/month ($125/month with an annual subscription)

Tickeron - Pricing
Image Courtesy: Tickeron.

BOTTOM LINE

Both our testers loved Tickeron.

Out of all the AI trading tools tested, Tester 2 found Tickeron to be the easiest to use as a beginner. Tester 2 says that “The ability to copy model portfolios with optimal asset allocation using AI-based quantitative models was my favorite feature. There are portfolios for all risk and return levels. You can choose the type of portfolio you want: broad market diversification, dividend-generating, retirement-focused, or by industry/sector.”

The ability to make practice trades, 1 on 1 support, and advice from the community were also appreciated from a beginner’s point of view. 

Our team loved the trend-focused analysis, ability to search by historical patterns, set screeners, and customized packages for all types of traders.

(Click on ‘Simplified Plans’)

WHAT IS IT?

Trend Spider is an AI trading software that finds profitable trend trading opportunities in the stock market. The program was created by Dan Ushman, a former trader who wanted to make it easier for people to find great trades.

HOW DOES IT WORK?

With Trend Spider, you can set alerts based on real-time data analysis and even set trading bots to execute trades for you.

Trend Spider uses a proprietary algorithm to conduct complex technical analysis in less than 60 seconds. It can also scan through historical market data to find trends. Once the AI identifies these opportunities, it will alert you to use this information to make profitable trades.

WHAT ARE THE BENEFITS?

The main benefit of Trend Spider is that it can automate complex and time-consuming technical analysis for you. When trading, identifying patterns, trends, support and resistance areas is the key to success. If you are inexperienced or simply lack the time to perform this analysis manually, Trend Spider could be your best friend.

Another major benefit of using Trend Spider is that it incorporates cryptocurrencies and forex, in addition to most tradable securities and instruments. This gives it an edge over other AI trading software that skip emerging opportunities such as crypto.

RATINGS

  1. Ease of use: 3.5/5 stars (can be confusing if you have no knowledge of technical analysis) 
  2. Functionality and Capabilities: 4.5/5

PRICING

Trend Spider offers a free 7-day trial so you can try out the software before committing to a subscription. There is 1 on 1 training included with all plans.  

Once you are ready to sign up, plans start at $33 per month. You can save 25% off with our special code AAP25 and pay only $24 per month.

Trend Spider - Pricing
Image Courtesy: Trend Spider.

BOTTOM LINE

In our tests, our traders found that they simply did not have the bandwidth or skills to perform as thorough an analysis as Trend Spider achieves in minutes.

  • Tester 1 with all his experience, found that the automated technical analysis really saved him time.
  • Tester 2 found that, as a rookie trader, she simply could not have analyzed all the areas of interest to watch for potential price break-out. She did find the amount of technical information overwhelming and thought that Trend Spider is best for traders who have some experience and at least basic knowledge of technical analysis. 

Overall, the consensus was clear. If you are into charts, trends and data-backed trading, then Trend Spider can be a good fit for you.

Save 25% off your first 12 months with our Special Code: AAP25.

WHAT IS IT?

Trade Ideas is a software that uses artificial intelligence to help traders make smarter investment decisions. It was founded in 2005 by two friends, Chris and Dan, who were looking for a more efficient way to trade stocks.

HOW DOES IT WORK?

The Trade Ideas algorithm scans through millions of data points every day to find potential trading opportunities. Once it finds an opportunity, the AI will create a rule based on that opportunity which can then be used by human traders to place their own trades.

WHAT ARE THE BENEFITS?

One of the biggest benefits of using Trade Ideas is its ability to filter out bad stock picks. The AI program is able to do this by analyzing past performance as well as current market conditions. This makes it less likely for you to lose money on a bad trade.

PRICING

Trade Ideas Pricing
Image Courtesy: Trade Ideas.

BOTTOM LINE

If you’re looking for the best AI-based stock trading tool that will save you time and money, Trade Ideas is definitely worth checking out!

In our testing, it had some of the best features and was the easiest AI trading software to use. Even if you aren’t knowledgeable about investing or automated trading, Trade Ideas makes it easier than ever before to invest with confidence.

OUR TIP: Save 15% when you sign up for email subscription on Trade Ideas website.

4. Black Box Stocks

WHAT IS IT?

Blackboxstocks is an AI software that helps you make smarter stock trading decisions. The program was created by two ex-Goldman Sachs employees, who were looking for a simpler way to trade stocks.

HOW DOES IT WORK?

The Black Box Stocks algorithm scans through millions of data points every day in order to find potential investment opportunities and then uses this information to create buy/sell recommendations for human traders. What sets Black Box Stocks apart from other softwares like Trend Spider or Trade Ideas is its focus on long term investments rather than short term trends – making the program perfect for conservative investors!

WHAT ARE THE BENEFITS?

One of the biggest benefits of using black box stocks over similar programs out there today is its accuracy. The program has an impressive track record of outperforming the market by a significant margin. Additionally, Black Box Stocks offers a free trial so you can try out the software before committing to a subscription.

5. EquBot

WHAT IS IT?

EquBot is an AI software that uses machine learning to trade stocks. The program was created by two brothers, who were looking for a way to make it easier for people to invest in the stock market.

HOW DOES IT WORK?

Equbot works by using algorithms that analyze past data to predict future trends. Once these predictions are made, Equbot will automatically buy and sell stocks based on this information – making it perfect for those without any trading experience!

WHAT ARE THE BENEFITS?

One of the biggest benefits of using Equbot over other AI trading software is its ability to learn about your preferences over time. This means that you won’t have to spend time teaching the program how you like things done – it will already know! Additionally, Equbot offers a free trial so you can try out the software before committing to a subscription.

6. Kavout

WHAT IS IT?

Kavout is an AI software that uses machine learning to trade stocks. The program was created by two brothers, who were looking for a way to make it easier for people to invest in the stock market.

HOW DOES IT WORK?

Kavout works by using algorithms that analyze past data in order to predict future trends. Once these predictions are made, Kavout will automatically buy and sell stocks based on this information – making it perfect for those without any trading experience!

WHAT ARE THE BENEFITS?

One of the biggest benefits of using Kavout over other AI trading software is its ability to learn about your preferences over time. This means that you won’t have to spend time teaching the program how you like things done – it will already know! Additionally, Kavout offers a free trial so you can try out the software before committing to a subscription.

Our Testing Approach

We engaged two experienced day traders to test all the AI trading software on this list. Tester 1 has over 10 years of trading and analysis experience. Tester 2 is just starting out and has basic technical analysis skills. The traders were asked to test and rank each AI trading software based on: 

  1. Ease of use.
  2. Software functionality and capabilities.
  3. We also considered pricing and support that each AI trading software offers.

Bottom Line

If you’re looking for the best AI-based stock trading tool that will save you time and money, Trend Spider, Tickeron, and Trade Ideas are our top choices. 

In our testing, they had the best features and were the easiest AI trading software to use. While Trend Spider is best suited for automated technical analysis, Tickeron is plug-and-play for novice traders.

So whether you are looking to take your trading to the next level or just starting out in day trading, you can increase your chances of being successful with the AI trading software ranked and reviewed on this list. Time to let the robots do all the work and invest with confidence. 

DISCLOSURE: The post may contain affiliate links, which means that I may receive a small commission if you make a purchase using these links. As an Amazon Associate I earn from qualifying purchases. You can read our affiliate disclosure in our privacy policy. This site is not intending to provide financial advice. This is for entertainment only.

Ash & Pri

Ash & Pri are the Founders of AshandPri.com and have spent the last decade building their way towards financial freedom and a lifetime of memories. Having successfully achieved their early retirement goal in under 10 years, they look forward to sharing their financial sense with like-minded people. Read more about Ash & Pri in the 'About Us' section.