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Top 8 AI Stock Trading Apps

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Artificial intelligence (AI) has made a difference in information technology, healthcare, and finance. With finance, AI has sped up investing, banking, and trading processes. Traders, in particular, can breathe easier with AI trading apps, giving them information faster and optimizing their strategies. But for stock traders, which is the best AI trading app for their needs? Here’s our list of the best ones.

AI Stock Trading: How it Works and Benefits

How it Works

A stock trading app would source data from various sources like markets, documents, and news to ensure up-to-date info with the help of machine learning. Since trading heavily relies on research, an AI can give the trader data and info in a few clicks.

Aside from that, traders can make, backtest, and improve their strategies. The AI will detect metrics and send signals. Plus, with algorithms, AI can point out areas of improvement or mistakes.

Benefits

  • Access to data in minutes
  • It can predict trading patterns
  • Reduced costs

1. Algoriz

Algoriz is an AI trading app for stock and crypto trading. One of its main features is connecting you to different data vendors. 

With their data, you can create and backtest various strategies. Plus, you can seamlessly connect your broker account. Even if you don’t have any experience with algorithms or qualitative analysis, Algoriz ensures that every professional trader can use the app without a hitch.

Their app is only available on the browser.

Pricing:

  • Lite – Free
  • Professional – $29/mo
  • Premium – $69/mo
  • Enterprise – Custom

2. StockHero

StockHero is CryptoHero’s AI stock trading app counterpart. It’s one of the best stock trading apps for beginners, considering its UI and market types (bull, bear, and range). One of its proprietary features is its backtesting tool, allowing you to perfect your strategies, compare your metrics, and see trades for each test. In fact, they can complete a backtest in 1.2 seconds.

Finally, they have a bot marketplace. You can rent a bot from experienced traders or lease yours to get more profit.

StockHero is available to download on Google Play and The App Store.

Pricing:

  • Lite – $4.99/mo
  • Premium – $49.99/mo
  • Professional – $99.99/mo

3. LevelFields

LevelFields sources its data from news, financial filings, and documents. They guarantee traders will be informed of profitable stocks immediately. Plus, their AI will detect any news or new info regarding a company’s stocks.

LevelFields has a three-step process for using their app. Firstly, you have to select the event types relevant to the company. Examples include lawsuits, product launches, and leadership changes. Once you select the event type, you can receive pattern information and determine whether to buy or sell your stock. Finally, get updates about your chosen events in your inbox.

After that, continue observing all of your events and strategies and generate more profits.

So far, LevelFields only covers the NASDAQ and NYSE markets.

Their app is only available on the browser.

Pricing: Level 1 Membership – $19/mo/annual plan

4. TrendSpider

You don’t need trading experience to use TrendSpider. The AI stock trading tool is comprehensive and user-friendly for traders of any level. With TrendSpider, you can conduct backtesting and refine your strategies. When the market isn’t open, you can browse various strategies and analyze data. Finally, create bots to provide you with real-time data or market analysis.

If you want to know where they’re sourcing their data, here’s their market data library.

Their app is available on the browser, Google Play, and App Store.

Pricing:

  • Essential – $39/mo
  • Elite – $79/mo
  • Elite Plus – $179/mo

5. Tickeron

Tickeron is every trader’s one-stop shop for all things trade. Whether you trade stocks, crypto, or ETFs, you can create your strategies and receive signals to get alerts about profitable trades. Another nifty feature of Tickeron is virtual accounts. You can manage your stocks and other trades in your connected brokerage account. Plus, with their AI, you can get info about confidence levels and know entry and exit prices in real-time. 

Additionally, you can visit their marketplace for stock trading ideas by searching for the best tools and subscribing to various products.

Their app is available on the browser, Google Play, and App Store.

Pricing:

  • Free
  • Intermediate One – $90/mo
  • Intermediate Two – $180/mo

6. SpringBox.AI

Here’s another AI stock trading app ideal for beginners and experts. 

SpringBox.AI is a platform for trading signals and live trading forecasts. Their AI is running 24/7 to give traders updated info to give them an advantage. Although they don’t have a backtesting feature, you can be sure that you’ll have relevant and up-to-date data to make informed decisions about stocks. If you want to connect with other traders and investors, you can join their Discord channel!

Pricing:

  • Monthly Access – $49.99/mo
  • Quarterly Access – $99.99/mo
  • Yearly Access – $299.99/mo

SpringBox.AI is available to download on Google Play and The App Store.

7. StockSignal.co

StockSignal.co is a stock trading app guaranteeing traders they can free up their time with their AI. Plus, they make their process simple. It starts with the trader choosing their stock, adding it to their portfolio, and taking action by holding the stock or selling it. Aside from their simple trading process, they take pride in their AI picks, seeing as 70% of their strategies predict profitable stocks or trends.

StockSignal.co is available to download on Google Play and The App Store.

Pricing: $18.95/mo

8. Scanz

Scanz is the ideal AI stock trading app for day traders. One of the app’s main features is scanning stock types and scans. Other than that, you can receive alerts and news in real time. Plus, it has advanced features for expert traders, such as streaming charts and chart drawing tools. Additionally, beginner traders can get the hang of Scanz by watching videos and webinars.

Scanz is available to use on Windows and Mac devices.

Pricing: $169/mo (+add-on OTC Markets – $15/mo)

Final Thoughts

AI stock trading apps use machine learning and algorithms to simplify the trading process in a few clicks. Although most stock trading apps seem intimidating to non-techie traders or beginners, most of these apps have educational resources. Or they have a friendly user interface to make it easy for traders to view data and create and test strategies faster. Either way, AI can make trading a breeze and help traders get more profits.

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  1. Pingback: Exploring the Benefits of AI in Day Trading Stock Selection - smmstories.com

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