Best AI Stock Trading Bots in 2024

Can you imagine a personal financial advisor available 24/7, able to analyze millions of data in seconds and make trading decisions faster than any human?

Today, artificial intelligence has played a key role in the evolution of stock market investments. Stock trading bots, equipped with sophisticated algorithms, offer traders and investors a powerful tool to optimize their strategies and maximize their profits.

AI investing bots stand out for their objectivity by eliminating the emotional factor. These systems avoid the errors that can often arise in high volatility. In addition, they are based on historical data and statistical models, which significantly reduces the risk of making mistakes.

In this article, we will analyse which are the 12 best stock trading bots that can be useful to improve the performance of your investments.

Trade Ideas

Trade Ideas is an AI trading bot that works as a virtual trading assistant, which provides you with signals and specialized stock channels to achieve better returns on your investments. Undoubtedly, it is a perfect option to receive recommendations from real professionals and buying and selling advice from its artificial intelligence.

This platform has multiple trading advantages compared to other trading bots in the market:

-Artificial Intelligence (Holly): This AI is designed to provide real-time trading signals to its users, including important data such as entry prices, stops, and scheduled exits in its suggestions. In addition, you can perform the trades manually or let the AI take care of the process.

-IT traders channel: This is an informative channel that offers a list of all stocks that have potential, specifically selected by professional traders, allowing you to follow the advice of specialists with track records and experience.

– TI swing picks channel: This is part of a weekly newsletter that you have access to as a premium user of trade ideas. Here, all the stocks are compiled as swing picks and serve as a complement to your investments.

-Intelligent risk level: Also, trade ideas offer an intelligent risk management system for each movement, which provides in advance an estimate of gains or losses on the chart of each stock.

Examples of the Trade Ideas AI stock trading bot

More info at https://www.trade-ideas.com/

Main features of Trade Ideas

• Advanced technical analysis: Provide a diverse array of indicators, customizable charting options, and drawing tools for in-depth market research.
• Holly (artificial intelligence): Utilizes algorithmic processes to recognize market patterns and forecast potential trends.
• Automation: Allows creating and executing trading strategies automatically, freeing up traders’ time.
• Backtesting: This allows you to evaluate the historical performance of strategies before implementing them in the real market.
• Traders’ chat room: It has a community of interaction with other users, where sharing experiences and knowledge encourages the development of new strategies.

GO TO TRADE IDEAS

Tickeron

Tickeron was created with the mission of making artificial intelligence available to all investors. This stock trading software is like a personal copilot that accompanies you in every investment decision. If you are one of those who prefer to research and make your own decisions, Tickeron is your ideal ally.

Main features of Tickeron

• In-depth analysis is available to everyone: Discover hidden patterns in the market and make informed decisions, without the need to be a financial expert.
• Reliable predictions: Its prediction engine gives you a head start on trends, allowing you to enter the most profitable trades.
• Continuous learning: Provide you with the necessary tools and insights to enhance your trading acumen.
• An ecosystem of experts: Connect with other traders and access specialized services to broaden your horizons.
• Flexibility and customization: You can tailor this AI trading bot to your trading style and budget, with a wide range of subscription plans and tools.

GO TO TICKERON

Streetbeat

Streetbeat is an AI stock trading bot that provides personalized advice. It works as an AI platform that allows you to create your investment strategies or follow those of other users. Streetbeat claims that you can invest in specific funds or create your strategy from scratch.

For now, this stock trading software only offers investment strategies using individual stocks or exchange-traded funds (ETFs). And it has 3 payment plans available, so you can choose the one that suits your needs:

1. Free trial: Allows you to get to know the IA trading bot before you decide to purchase the software.
2. Monthly subscription: This is the most requested option by users, with which you enjoy the functions for one month.
3. Annual subscription: Allows you to purchase the stock trading software for a full year, which gives you a significant discount on the purchase.

Main features of Streetbeat

• Copilots: These are investment strategies, from which you can choose from 10 general strategies, such as investing in green technology companies or following the purchases of members of Congress.
• Create your strategy: Describe your investment goals and preferences so that artificial intelligence can generate a customized strategy for you.
• Connect with multiple brokers: Link the app to your existing brokerage account to execute your investments.
• SmartPilot: Monitor your portfolio in real-time to keep it updated with market news and price changes.
• No management fees: Streetbeat charges a flat annual or monthly fee, with no additional fees based on the value of your assets.

GO TO STREETBEAT

TrendSpider

TrendSpider is an AI investing bot that facilitates and helps traders make more efficient decisions. It offers several tools and functionalities to analyze the market, develop trading strategies, and automate trades.

TrendSpider offers three plans:

– Essential: Ideal for beginners, includes access to basic tools, backtesting, and alerts.

– Elite: Aimed at more experienced users, it offers real-time data, advanced alerts, and trading bots.

– Elite Plus: For professional traders, with advanced features such as multiple workspaces, unlimited alerts, and trading bots.

Main features of TrendSpider

• Advanced technical analysis: automatic pattern detection, volume analysis, and other tools to evaluate the market.
• Strategic development tools: Comprehensive backtesting, optimization capabilities, and the flexibility to design personalized trading strategies.
• Automation: Automate order execution and receive timely alerts to capitalize on market opportunities.
• Premium data: Leverage a vast repository of historical data to test and refine your trading strategies.
• Integration with other platforms: Allows you to connect with different brokers to execute trades.

GO TO TRENDSPIDER

Magnifi

Magnifi is an AI trading bot that offers a variety of investments and has an easy-to-use interface. Magnifi offers two plans: a free plan and a premium plan. The premium plan includes access to an investment assistant with artificial intelligence, historical market information, and educational tools. While the free plan provides a foundational experience to explore the platform’s capabilities, offering basic features with limited scope.

This AI investing bot uses AI to simplify the investment process, is accessible through a mobile app and website, and offers multiple communication channels to resolve queries. While AI offers valuable insights, it’s essential to acknowledge that the accuracy of its recommendations can fluctuate.

Main features of Magnifi

• Advanced search: Allows you to search for investments by category or personal interest.
• Portfolio analysis: Provides detailed information on portfolio composition and performance.
• AI Advice: Provides personalized recommendations and helps build and manage a portfolio.
• Goal planning: Helps set and achieve financial goals.

GO TO MAGNIFI

Signal Stack

This platform is a trading automation tool that converts alerts into automated orders. SignalStack’s intuitive, code-free interface, advanced signal processing capabilities, and seamless compatibility with various trading platforms and brokers enable traders to concentrate on strategic development while automating trade execution.

The benefits of using SignalStack are that it saves time when making trades, requires no extra knowledge, is compatible with multiple platforms, and allows for faster order execution. In addition, it has a free plan that offers limited access to some functions and a paid plan that provides additional features to get better results in your investments.

Main features of Signal Stack

• Alert conversion: Seamlessly convert alerts from any trading platform into executable orders across multiple brokerage accounts.
• Fast processing: Processes signals quickly and efficiently.
• Codeless integration: Integrates with trading platforms and brokers without coding.
• Compatibility: Allows sharing information with multiple trading platforms and brokers.
• Specialized payments: Offers the option to pay only for signals used.

GO TO SIGNAL STACK

Intellectia

Intellectia is a stock trading software powered by artificial intelligence (AI) that provides investors with useful information, real-time market data, and intelligent recommendations. The platform makes the investment process more efficient, as well as more accurate and accessible to all.

It offers a free plan with limited access to some features and a Pro and Max plan, which are fee-based, and allow the use of all the software’s options without any restrictions.

Main features of Intellectia

• Daily Picks: Receive a daily list of 5 stocks selected by IA, along with an optimized stop-profit strategy.
• Intelligent technical analysis: Access full technical analysis for any stock, with support for over 100 technical indicators.
• intelligent chat: Engage in natural language conversations for accurate, up-to-date market and stock information.
• Quick Insights: Access complex financial analysis and expert knowledge with a single click.
• Stocks and cryptocurrencies: Real-time stock and cryptocurrency market intelligence, coupled with in-depth analytical insights.
• Event Markers: Stay informed with real-time trading signals, analyst ratings, and new tags.
• Economic and Earnings Calendar: Organize your investments with precision and prepare for future events.
• Live calls and transcripts: Access live and recorded earnings calls and conferences with AI-powered summaries.

GO TO INTELLECTIA

Kavout

Kavout AI is a revolutionary platform that combines artificial intelligence with the investment world. This tool, designed for investors of all levels, uses advanced algorithms to analyze a large amount of data and provide accurate predictions on future stock performance.

This AI stock trading bot uses machine learning algorithms to analyze large amounts of data in real-time. The data includes information about companies, markets, news, and economic events. This analysis generates a score for each stock and provides personalized investment recommendations.

Main features of Kavout

• K-Score: Kavout has developed a unique scoring system called the “K-Score”. This score, based on machine learning, evaluates the potential of a stock by considering factors such as quality, value, growth, and volatility. A higher K-score suggests a greater likelihood of the stock delivering favorable performance.
• Comprehensive analysis: this AI trading bot goes beyond traditional technical and fundamental analysis. By incorporating a diverse range of data, including alternative data sources, we offer a more holistic perspective on market dynamics.
• Ease of use: The platform is designed to be intuitive and easy to use, even for those who are not financial experts.
• Customization: Kavout adapts to the individual needs of each investor, allowing you to create customized portfolios and receive specific recommendations.

GO TO KAVOUT

Stock Hero

StockHero is an automated trading platform that allows users to create and execute investment strategies without programming skills. The platform offers a robust toolkit, carefully curated to optimize and elevate your trading journey.

This stock trading software offers multiple benefits, such as being able to save time and effort by automating trades, customizing strategies and using pre-configured bots, or benefiting from strategies created by other traders, among many others, although some of these features are only available when obtaining a paid plan.

Main features of Stock Hero

• Automated Bots: Create and run bots to automate buy and sell trades.
• Backtesting: Test strategies with historical data before implementing them in the real market.
• Bot Market: Buy or rent bots created by other users.
• Paper Simulator: Practice trading without risking real money.
• Custom Strategy Builder: Create custom strategies by combining technical indicators and entry and exit rules.
• Real-time market data: Gain real-time access to market data for informed decision-making.

GO TO STOCK HERO

Danelfin

Danelfin is a stock trading software that uses explanatory artificial intelligence (AI). it empowers investors with informed decision-making, leading to enhanced portfolio performance.

This platform provides accurate and relevant information to make investment decisions. Thanks to the explanatory artificial intelligence, it allows you to understand the reasoning behind the recommendations and allows you to create customized investment strategies.

Danelfin currently offers a free plan with limited features and some paid plans with which you can enjoy all available features with total freedom and without restrictions.

Main features of Danelfin

• Stock Scoring: Evaluates stocks based on their potential to outperform the market, assigning a numerical score.
• Transparent AI: Enables users to comprehend the reasoning behind artificial intelligence’s conclusions.
• Data analysis: Analyzes more than 10,000 features per stock per day.
• Strategy creation: Allows investment strategies to be created based on a previously obtained AI score.
• Portfolio tracking: Provides tools to monitor and improve portfolio performance.

GO TO DANELFIN

Signm IO

Signm IO is an investment analysis platform that uses artificial intelligence (AI) to analyze financial news and social media posts. Its main objective is to provide different investors with unique and useful information with which they can make more informed investment decisions.

This AI investing bot provides a premium subscription with some discounts for a limited time, with which you can enjoy all its functions without any limitations.

Main features of Signm IO

• News and social media analytics: Instantly analyzes a massive volume of data to identify emerging patterns and trends.
• Sentiment analysis: Measures market and company sentiment.
• Opportunity discovery: Identifies hidden investment opportunities.
• Movement prediction: Provides reliable forecasts of future market trends, reducing uncertainty.
• Investment tools: include tools such as a screener and watch list.

GO TO SIGNM IO

Ultraalgo

UltraAlgo is a stock trading software that provides investment signals to traders. The platform seamlessly integrates with leading brokers and provides a comprehensive suite of tools to streamline your trading experience.

This AI trading bot offers a 7-day free trial with which you can make use of the software’s features before deciding to make a payment, plus a premium plan at an affordable price with which you can enjoy all of Ultraalgo’s options.

Main features of Ultraalgo

• Broker Compatibility: Seamlessly integrates with popular brokerage platforms like TradeStation, TradingView, Interactive Brokers, and TD Ameritrade.
• Ease of use: Its intuitive interface and user-friendly design allow even novice traders to feel comfortable and confident from the very beginning.
• Technical analysis: Employs a comprehensive set of 15 technical indicators to produce actionable investment signals.
• Backtesting: Allows you to experiment, learn, and refine your strategies before testing them in the real market, maximizing your chances of success.
• Additional tools: Offers tools such as a strategy optimizer, options analysis, and educational videos.

GO TO ULTRAALGO

 

What is an AI trading bot for stocks?

An AI trading bot is software created and specialized in trading automation, i.e., an AI that tells you when to buy and sell stocks. This type of bot uses advanced algorithms to recognize good trading opportunities in the market. As their main advantages they offer speed and efficiency in each trade, better risk management as they do not involve any kind of emotion, and an unlimited time to trade.

How to select the best AI stock trading bots?

To have good results from your investments, it is necessary to choose the right software, for which you can consider different factors.

First, research the reputation of the AI trading bot, so that it has more positive reviews than negative ones. Make sure you know the fees imposed by the bot for each trade, as well as the ability to integrate external software. And finally, analyze the features offered by the software, this is the most accurate way to know if a bot stands out from the others or not.

Considering these factors, you can increase your chances of selecting an AI stock trading bot that aligns with your investment objectives.

Are AI investing bots reliable to trade stocks?

AI trading bots can be a great help, especially when we’re using AI to trade stocks, due to the amount of information they can analyze in a matter of seconds, and their ability to make sound decisions with better risk management.

However, it is important to clarify that there are aspects that cannot be controlled, such as the unpredictability of the market or the complexity of the algorithms that make up the market, which is beyond the capabilities of a bot.

Conclusions

The growing potential of stock trading software to automate and improve trading in the stock market is indisputable, so it is essential to make a good choice about the bot you want to use.

In our brief analysis of different bots, we can highlight Trade Ideas as the most reliable option for making the right decisions and receiving recommendations from specialized experts, as well as their artificial intelligence (Holly AI), which leads to better investments. 

However, the 12 stock trading software programs that we analyze are a good option to enter the world of trading bots, each with its advantages and disadvantages that you can analyze to make a decision.

While these AI trading bots offer significant advantages in terms of speed and data analysis, investors should carefully weigh the benefits and risks before adopting this technology.