Recently, AI has brought significant changes to trading in financial markets. Nowadays, every trader has access to software and tools for portfolio management, forecasting, and trade execution.

This article provides a detailed overview of the leading AI-based trading software providers.

1. The Trading Analyst

The Trading Analyst offers comprehensive training for traders, including real-time alerts, market analysis, and strategy training. Its focus on actionable insights and learning resources makes it ideal for both beginners and experienced traders, although its premium services may not be suitable for those on a tight budget.

Main characteristics:

• Real-time trading alerts via SMS – Trading Analyst sends users real-time trading notifications via SMS messages. This convenient feature allows traders to be notified of trading opportunities;
• Real-time portfolio tracking – this option helps traders to give a comprehensive assessment of their portfolio performance in real time. The algorithm tracks losses and profits and allows traders to optimize and effectively adjust strategies;
• educational database – the trading app offers an extensive educational database that provides valuable information about possible trading options. Beginner traders can access detailed explanations, risk management tips, and market trend analysis. All this increases trading efficiency.

Everyone can choose the best subscription option for themselves: monthly for 147 USD per month, including 2-5 simple trading alerts per week; annual for 787 USD per year, including all the features included in the monthly subscription; quarterly for 357 USD per quarter and containing all the features available with a monthly or annual subscription.

2. Market Chameleon

Market Chameleon is a comprehensive platform designed for options traders, offering a set of tools and data analytics to improve trading strategies. The application provides a detailed analysis of an options chain, allowing users to filter options by strike price, expiration date, and volume. It also highlights unusual option activity and volume spikes, helping traders identify potential trading opportunities.

Main characteristics:

• Unusual Options Volume Screen is an important feature for those who trade on the stock market. Artificial intelligence software detects and tracks unusual trading volumes and indicates increased interest in certain indices or stocks;
• Watch Lists – watch lists that allow traders to create dynamic and personalized lists of stocks whose dynamics they want to track. With the integration of information on numerous stocks, traders can customize their watch lists to meet their specific trading goals;
• Options Chains – This feature helps users research and analyze potential option trades. The feature presents important data, such as liquidity statistics or information about the time of sales, all in a user-friendly format.

There are four types of subscriptions in the app: Stock Trader for 39 USD per month (with access to stocks, dividends, as well as information on order imbalances and seasonal trading patterns); Options Trader for 69 USD per month (with access to analytics and tools, including everything you need for trading); Earnings Trader for 79 USD per month (with access to historical data on stocks and options to help optimize strategies for future trades); Total Access for 99 USD per month (with access to a full set of tools, checking tools, and reports).

3. Trade Ideas

Trade Ideas is a simple yet convenient service for traders that uses artificial intelligence to find the best opportunities in the financial markets. The platform offers advanced real-time scanning tools, allowing you to instantly identify potentially profitable trades among thousands of stocks and other assets.

The uniqueness of Trade Ideas lies in its ability to generate specific trading ideas based on a deep analytical approach rather than just provide data. Users get access to intelligent algorithms that adapt to market conditions and help them stay ahead of competitors, increasing the efficiency and profitability of trading strategies.

Main characteristics:

• Holly artificial intelligence – a virtual analytical system that processes huge amounts of market data daily using more than 70 different algorithmic strategies. Holly independently optimizes and adapts strategies to current market conditions, offering users the most promising trading ideas with a high probability of success;

• real-time market scanning – users can set up filters based on price movements, volumes, technical indicators, and other criteria. This allows you to quickly find stocks and other assets that match specific trading strategies or patterns of interest;
• simulation and backtesting – the service is equipped with tools for simulating trading and backtesting strategies on historical data. This makes it possible to test and optimize trading ideas without risking real capital;
• Personalization and customization – features a high degree of customization. Traders can create their own scanners, set up alerts and notifications according to specified conditions. This ensures an individual approach and allows you to focus on the features that are most relevant to a particular strategy or trading style.

Trade Ideas offers three tariff plans that differ in the level of access to analytical tools and functions, starting with a free trial version and ending with a full range of services for trading professionals.

Paid plans include Paddle In (TI Basic) for $127 per month and Momentum Master (TI Premium) for $254 per month.

4. TrendSpider

TrendSpider is a sophisticated AI-powered stock prediction software that meets the needs of modern traders. It is designed to automate the time-consuming process of technical analysis, allowing traders to focus more on strategy rather than charts.

TrendSpider provides access to more than 50 years of market data. This means that you can use this platform to test, refine and improve any trading strategy you come up with or come across online. Using this wealth of historical data, you will be able to make more informed decisions about when and how to enter and exit the market.

The most popular features:

• Beautiful Charts – the software offers various charts, including bar charts, line charts, Heikin Ashi Raindrop charts, candlestick charts, and hundreds of trading indicators. In addition, it provides ABCD patterns, earnings estimates, performance charts, heat maps, and other visualizations;
• Automated Price Alerts – uses stock trading facts and data sets to help you make a rational decision;
• Multi-Timeframe Analysis – can display indicator values on the lower or higher timeframes and vice versa;
• Automated Candlestick Recognition – with TrendSpider, you can see candlestick patterns on a chart. Thus, you can see and analyze Forex prices, US stocks and ETFs, as well as cryptocurrencies in real time.

The cost of the monthly plan is as follows: Premium – 44 USD per month, Elite – 87 USD per month, Advanced – 131 USD per month.

5. Tech Trader

Tech Trader is one of the recently invented trading programs based on artificial intelligence. It is a fully autonomous trading system that does not require updates or human intervention.

This program perceives the financial market just like humans do, but with infinitely deep attention and the unflappable discipline of a machine.

Main characteristics:

• provides three main types of services: Tech Trader Long Swing Service, Tech Trader Short Swing Service, Day trading moderated chat room;
• One of the advantages of Tech Trader is that it is focused on sharing knowledge so that you can get the most out of trading in the financial markets. He will teach you not only the actual trading process, but also how you can benefit from the trading strategies he offers.

It is already obvious that artificial intelligence is a unique form of technology that operates in an autonomous mode. This quality attracts new users, which is why it is widely used in trading applications that require efficiency and speed.