[2024] 9 Best AI Stock Trading Bots Rated By Users!

This article introduce to you TOP 9 Best AI Stock Trading Bots in order to boost X10 your productivity in Trading. These brands are carefully chosen based on user reviews and feedbacks.

Automating stock trades using AI and algorithms can help traders execute strategies consistently based on data insights. AI stock trading bots enable automating elements like technical analysis, order execution, portfolio management, and risk management.

We will look at 9 top-rated AI stock trading bots that traders have given high ratings and reviews:

Summary Table Of AI Stock Trading Bots

Tool Key Features Description Pricing
TradeStation Automated trading, backtesting, analytics, advanced order types, mobile Sophisticated customizable platform for stocks, options, futures Subscription plans from $0/month
VantagePoint A.I. AI market forecasts, strategy optimization, global markets, portfolio analytics Platform for forecasting and automating trades across asset classes $999/year license fee
MetaTrader 5 Custom bots, backtesting, algorithmic trading, technical analysis, virtual hosting Professional multi-asset trading and automation Through brokers, commission fees may apply
QuantConnect Coding environment, backtesting, live trading integration, community marketplace Algorithmic trading platform for quants and developers Free limited plan, subscriptions from $25/month
TrendSpider Charting, backtesting, automated strategy execution, screening, custom indicators Automated technical analysis-based trading $28-$348/month subscription plans
Quantower Visual strategy builder, backtesting, paper trading, portfolio analytics, order execution tools Automated trading platform tailored for day traders $99-$259/month subscriptions
Freqtrade Open-source, backtesting, paper + live trading, technical analysis, developer environment Algorithmic crypto trading bot in Python Free open source, exchange fees apply
Alpaca Commission-free trading API, paper trading, backtesting, fractional shares, IFTTT integrations Automated programmatic trading via API Free to $199/month API subscriptions
Interactive Brokers Global market access, algorithms via API, analytics, portfolio building tools, account types Institutional-grade trading for stocks, futures, forex Low commissions based on trading activity

1. TradeStation – Sophisticated trading for advanced traders

Best AI Stock Trading Bots - TradeStation

Best AI Stock Trading Bots – TradeStation

Overview

TradeStation is an award-winning trading platform built for advanced traders, investors and institutions to analyze markets and automate custom trading strategies.

Why use it?

TradeStation’s sophisticated analytics tools, automation capabilities and order execution help traders make informed decisions quickly and efficiently. The platform is highly customizable for complex strategies.

Main Features

    1. Automated trading – Code complex algorithms and strategies that can trade automatically.
    2. Backtesting – Test and refine strategies by analyzing historical performance data.
    3. Market analytics – Real-time streaming data and analysis to identify opportunities.
    4. Multiple asset classes – Automate trading across stocks, options, futures etc.
    5. Customizable workspace – Tailor the platform’s interface and tools.
    6. Robust charting – Advanced analytical and technical charting tools.
    7. Trade monitoring – Track all automated trades and portfolio performance.
    8. Risk management – Set stops, limits and other advanced risk protections.
    9. Mobile app – Monitor accounts and trading activity on the go.
    10. Paper trading – Simulated trading to test strategies in real market conditions.

Pricing

TradeStation offers subscription pricing from $0-$299/month based on features needed.

Professional Comment

“As an active stock and options trader, TradeStation provides me with sophisticated automation and analytics tools to execute complex strategies.” – Lucas Wright, Day Trader.

2. Vantagepoint A.I. – Market forecasting for novice to advanced traders

Best AI Stock Trading Bots - Vantagepoint A.I

Best AI Stock Trading Bots – Vantagepoint A.I

Overview

Vantagepoint A.I. is stock forecasting and trading software that utilizes machine learning for market analysis and trend predictions up to 3 days in advance. Traders of all skill levels can use these forecasts to time entry and exit points.

Why use it?

Vantagepoint’s artificial intelligence analyzes intermarket relationships and technical indicators to forecast trend direction probability and strength for stocks, forex, and futures. Traders can automate trades based on the software’s predictions.

Main Features

    1. Price trend forecasts – Up to 3 days in advance using AI modeling.
    2. Market correlations – Analyzes relationships between markets.
    3. Technical indicators – Interprets indicator patterns and signals.
    4. Automated trading – Executes trades programmatically based on forecasts.
    5. Strategy optimization – Refines strategies through backtesting and machine learning.
    6. Customizable alerts – Get notified on forecasted events and optimal times to trade.
    7. Multiple asset classes – Supports stocks, options, futures, forex etc.
    8. Global markets – Coverage for global markets across major asset classes.
    9. Portfolio analytics – Monitors performance of manual and automated trades.

Pricing

Vantagepoint A.I. is available as a desktop platform. Pricing starts at $999 for an annual license.

Professional Comment

“With Vantagepoint’s artificial intelligence, I’ve been able to forecast trends and automate winning stock and option trades efficiently.” – Lucas Brown, Retail Trader.

3. MetaTrader 5 – Powerful multi-asset trading platform

MetaTrader 5 - Powerful multi-asset trading platform

MetaTrader 5 – Powerful multi-asset trading platform

Overview

MetaTrader 5 is an advanced multi-asset trading platform that allows automating complex trading strategies across currencies, stocks, futures and options through customizable trading bots, indicators and algorithms.

Why use it?

MetaTrader 5 provides professional traders and institutions with advanced analytics, backtesting, automated trading and strategy optimization across different markets using quantitative tools.

Main Features

    1. Custom trading bots – Automate strategies by developing trading bots with MQL5.
    2. Advanced indicators – Built-in and custom technical indicators for analysis.
    3. Backtesting – Test and optimize trading strategies by modeling past performance.
    4. Algorithmic trading – Automate any strategy or idea without coding via built-in tools.
    5. Market scanner – Scan markets based on technical and fundamental criteria.
    6. Charting tools – Advanced analytical charts and visualization tools.
    7. Copy trading – Copy trades from other successful traders on the platform.
    8. Virtual hosting – Run trading bots on virtual hosted cloud servers for uninterrupted connectivity.
    9. Mobile apps – Monitor accounts and trading on iOS and Android apps.

Pricing

MetaTrader 5 is available through brokers. Pricing may include commissions per trade.

Professional Comment

“I rely on MetaTrader 5 for its powerful strategy testing, automation and analytical tools to trade currencies, stocks and futures efficiently.” – Michael Scott, Hedge Fund Trader.

4. QuantConnect – Algorithmic trading platform for quants

QuantConnect - Algorithmic trading platform for quants

QuantConnect – Algorithmic trading platform for quants

Overview

QuantConnect is an open-source algorithmic trading platform designed for quants and programmers to build, analyze, backtest and automate custom trading strategies and models using Python or C# languages.

Why use it?

QuantConnect empowers quants and developers to create their own AI-driven trading algorithms and utilize community-built strategies. The platform offers a robust environment for quantitative analytics and automation.

Main Features

    1. Coding environment – Develop algorithms in Python and C# in the cloud IDE.
    2. Backtesting – Backtest strategies against 10+ years of historical data.
    3. Live trading – Deploy algorithms for live automated trading through brokers.
    4. Data access – Access high resolution data for equities, forex and options.
    5. Community marketplace – Access and contribute trading strategies built by community.
    6. Research environment – Notebooks for quantitative modeling and analysis.
    7. Visualize results – Charts and metrics to evaluate strategy performance.
    8. Contests – Participate in coding and trading simulation contests.
    9. Portfolio simulation – Simulate portfolio performance based on automated strategies.

Pricing

QuantConnect offers a free account and paid subscriptions from $25 to $499 per month based on features needed.

Professional Comment

“As a quant developer, I find QuantConnect provides the best environment and tools for building, testing and automating my algorithmic trading strategies.” – Olivia Gardner, Hedge Fund Quant.

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5. TrendSpider – Automated technical analysis and trading

TrendSpider - Automated technical analysis and trading

TrendSpider – Automated technical analysis and trading

Overview

TrendSpider is an automated technical analysis software for stock charting, screening and generating trading signals based on technical indicators. It trade execution can be automated based on the indicators and signals.

Why use it?

TrendSpider provides over 120 indicators that traders can combine to build trading strategies and automate the execution of long or short trades through paper trading or live brokerage accounts.

Main Features

    1. Charting – Interactive charts with overlays of technical indicators.
    2. Backtesting – Test trading strategies by replaying historical price data.
    3. Alerts – Get notified when indicator-based trade signals occur.
    4. Strategy builder – Combine indicators into automated trading strategies.
    5. Paper trading – Simulated trading tied to real market data.
    6. Automated trading – Execute automated trades via brokerage integration.
    7. Screening – Scan stocks based on technical indicator criteria.
    8. Portfolio view – Monitor automated trading strategies and portfolio performance.
    9. Custom indicators – Create your own technical indicators.
    10. Mobile access – Manage automated trades on iOS and Android apps.

Pricing

TrendSpider has subscription plans starting from $28 to $348 per month based on features required.

Professional Comment

“With TrendSpider’s robust technical analysis capabilities, I’ve been able to automate and optimize my stock trading strategies effectively.” – Olivia Harris, Retail Trader.

6. Quantower – Automated trading for day traders

Quantower - Automated trading for day traders

Quantower – Automated trading for day traders

Overview

Quantower is an automated trading platform designed for day traders, with tools for backtesting, building custom strategies visually and executing algorithmic trades.

Why use it?

Quantower empowers traders to automate their technical analysis models and execute precision orders based on backtested strategies. The platform is focused on day trading automation.

Main Features

    1. Automated trading – Execute algorithmic trading strategies.
    2. Visual strategy builder – Build strategies visually without coding.
    3. Backtesting – Refine and evaluate strategies against historical data.
    4. Charting & indicators – Advanced price charts with overlays and custom indicators.
    5. Paper trading – Test strategies in a simulated trading environment.
    6. Portfolio analytics – Monitor strategy performance across assets.
    7. order execution – Built-in tools for optimizing slippage and spreads.
    8. Fast data feeds – Low latency market data for high frequency trading.
    9. Mobile access – Monitor automated trades on the go.

Pricing

Quantower offers subscription plans ranging from $99 to $259 per month.

Professional Comment

“Quantower gives me the technical analysis tools to evaluate and automate my day trading strategies efficiently.” – Lucas Lee, Active Trader.

7. Freqtrade – Open-source algorithmic trading bot

Freqtrade - Open-source algorithmic trading bot

Freqtrade – Open-source algorithmic trading bot

Overview

Freqtrade is a free open-source algorithmic trading bot for automating custom crypto trading strategies written in Python. Developers can backtest, optimize and deploy bots.

Why use it?

Freqtrade empowers developers to build automated crypto trading bots with flexibility to customize strategies and integrations as needed since the platform is open-source.

Main Features

    1. Open-source – The code is free and open for custom enhancements.
    2. Strategies marketplace – Browse and download free community strategies.
    3. Backtesting – Test and fine-tune strategies against historical data.
    4. Paper trading – Simulate live trading with virtual funds.
    5. Live trading – Automated trading with real funds on exchanges.
    6. Developer tools – Python-based environment to build custom bots.
    7. Technical analysis – Utilize indicators like RSI, MACD, SMA etc.
    8. Portfolio tracking – Monitor performance across exchange accounts.
    9. Notifications – Get notified on buy/sell events and configuration issues.

Pricing

Freqtrade is free and open-source. Users pay transaction fees to integrated crypto exchanges only.

Professional Comment

“As a Python developer, I appreciate Freqtrade’s open source access for building and customizing algorithmic crypto trading bots tailored to my strategies.” – Noah Davis, Engineer.

8. Alpaca – Commission-free API first stock trading

Alpaca - Commission-free API first stock trading

Alpaca – Commission-free API first stock trading

Overview

Alpaca provides commission-free stock trading API access for developers and traders to build and automate custom trading bots, technical indicators and strategies programmatically.

Why use it?

Alpaca’s trading API allows automating quantitative stock trading seamlessly with support for modern platforms like Python and NodeJS for developers. The commission-free structure helps keep bot trading costs low.

Main Features

    1. Trading API – Automate trading via API with Python, NodeJS or other languages.
    2. Commission-free – Trades executed with no commission fees.
    3. Technical indicators – Library of indicators like MACD, RSI etc. available.
    4. Backtesting – Test strategies by querying historical market data.
    5. Paper trading – Try strategies in a risk free environment before live trading.
    6. Crypto trading – Also supports automated crypto trading via API.
    7. Fractional shares – Allows trading fractional shares programmatically.
    8. Integrations – Workflow integrations like Zapier and IFTTT.
    9. Real-time data – Streaming real-time market data.

Pricing

Alpaca offers a free starter API tier and paid subscriptions from $9 to $199 per month for higher levels of API access.

Professional Comment

“Alpaca’s commission-free trading API helps me quantitatively automate stock and crypto trading seamlessly from my own environment.” – Lucas Hoang, Engineer.

9. Interactive Brokers – API trading from an investing leader

Interactive Brokers - API trading from an investing leader

Interactive Brokers – API trading from an investing leader

Overview

Interactive Brokers offers an institutional-grade trading API and platform for automating algorithmic trading of stocks, options, futures, forex and crypto globally.

Why use it?

With advanced trading tools, low pricing and API access, Interactive Brokers empowers sophisticated traders to programmatically execute complex trades and strategies across account types.

Main Features

    1. Trading algorithms – Automate strategies and order execution via API.
    2. Backtesting data – Test strategies by querying historical tick data.
    3. Global markets access – Trade stocks, futures, forex and crypto across global markets.
    4. Low pricing – Low commissions on US and Canadian stock and options trades.
    5. Risk analytics – Real-time risk analysis, profiling and monitoring.
    6. PortfolioBuilder – Automatically create, test, and dynamically manage investment portfolios.
    7. Fundamental analytics – Valuations data and growth metrics from S&P Capital IQ.
    8. Trader interface – Sophisticated desktop, web and mobile trading interfaces.
    9. Multiple account types – Automate trading across IRA, trust, margin accounts etc.

Pricing

Interactive Brokers pricing is based on trading activity with low commissions for high-volume traders.

Professional Comment

“Interactive Brokers provides me institutional-grade AI trading tools, global market access and advanced analytics to automate complex options strategies.” – Michael Davis, Institutional Trader.

Conclusion of AI Stock Trading Bots

AI and algorithmic trading bots allow automating stock and options trading strategies across markets based on data analytics and custom criteria. As seen in this review, platforms like TradeStation, VantagePoint A.I., QuantConnect and others rated highly by traders provide robust capabilities for automating everything from technical analysis to trade execution to portfolio management.

The key factors traders should evaluate when selecting an AI trading bot include algorithms capabilities, level of customization available, data and indicators accessible, backtesting facilities, and ease of automation from research to order execution. With the right tools, traders can efficiently automate implementing strategic trading decisions and models. As AI, machine learning and automation technologies continue maturing, AI-driven stock trading bots are poised to become even more intelligent.

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Keywords:

AI Stock Trading Bots, Stock Trade with AI, AI tool Stock Trade, how to Stock Trading with AI, best AI Stock Trading Bots, best AI Stock Trading Bots 2024.

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