13 Best AI Stock Trading Software & Apps for Stock Market Analysis

Summary: Trading platforms have made it easier for traders to quickly identify profitable trading opportunities and execute the same within the software.

Nowadays, AI has also paved its way in stock trading. This has made it easier for traders to analyze the stock market and predict the profitable opportunities as compared to manual trading. Moreover, using AI stock trading software helps traders to improve their buying and selling procedures and bid on profitable stocks.

More and more traders are shifting to AI based trading software as they can neutrally process the stock data and gain actionable insights on stocks. What free artificial intelligence stock trading software India can you use for the same?

The list below may not be fully free as the pricing may vary according to the features consumed. Get insights on this in the article below! Keep on reading to learn more about AI trading below.

Why Use AI Bots and Software for Stock Trading?

Using bots and AI tools to predict stock market can help a lot with stock trading such as finding profitable stocks, backtesting trading strategies, performing simulated trading, etc. You can also use stock market software for several purposes such as:

• Automatically sends stock buying and selling alerts to traders.
• Forecasts future trading opportunities by analyzing historical trading data.
• Does simulating trading without investing money.
• Offers access to a library of successful trading strategies.
• Identifies trading patterns to improve trading strategies.
• Recognizes and finds trading risks by analyzing historical data, technical indicators, etc.
• Processing large data sets quickly to gain actionable insights.

Top 5 AI Tools for Stock Market in India

13 Best AI Stock Trading Software, Apps and Bots for Stock Market

• MetaStock: Best for AI Stock Backtesting and Forecasting
• Trade Ideas: Best for AI-Based Stock Trading
• TrendSpider: Best for Automated Technical Analysis
• StockHero: Best for Creating AI Stock Trading Bots
• Blackboxstocks: Best for Day Trading
• EquBot: Best for Creating Investment Portfolios
• SignalStack: Best for Automating Trading Strategies
• Scanz: Best for Scanning Stock Markets Automatically
• Tickeron: Best for Swing and Day Trading
• Hoops AI: Best for Providing Personalized Trading Insights
• Algoriz: Best for Developing Trading Strategies
• Share India: Best for Zero Code Trading Automation
• Jarvis Invest : Best for Providing Personalized Investment Advice

Here are some of the best free AI tools for stock trading to predict stock markets and find the most profitable investments for yourself.

1. MetaStock: Best for AI Stock Backtesting and Forecasting

MetaStock is an AI-based charting tool that helps traders in analyzing various stock markets. This AI software for stock trading tool utilizes technical analysis to find the best securities to invest in via a methodical and systematic approach. With it, you can create and view charts for stocks, indices, bonds, currencies, etc.

MetaStock

Starting Price

Price on Request

Learn More

MetaStock Features

• Back tests trading strategies
• Forecasts future stock prices depending on past events
• Provides 150 + indicators to identify trading trends
• Offers expert advice on the trading chart based on popular trading strategies
• Monitors various option chains for Plot risk and sentiment

Pros and Cons of MetaStock

2. Trade Ideas: Best for AI-bases Stock Trading

Trade Ideas is one of the best AI stock trading software that enables users to study the stock market and provide recommendations for profitable trading opportunities. With it, you can scan stocks in real-time, perform trading analysis, analyze market risks, customize trading strategies, etc.

Trade Ideas

4.5

Starting Price

Price on Request

Learn More

Features of Trade Ideas

• Creates trading strategies and executes them
• Provides real-time stock racing
• Runs AI based investment algorithms to find trading opportunities
• Trades stocks in any trading chart with a single click
• Supports simulated trading without any investment

Pros and Cons of Trade Ideas

3. TrendSpider: Best for Automated Technical Analysis

TrendSpider AI Software for Stock Trading helps traders to make better trading decisions. It offers tools for generating strategies, analyzing trading opportunities, scanning markets, visualizing trading charts, etc.

With this best AI trading software, you can also run backtest on different class assets via historical data.

Features of TrendSpider AI Software for Stock Trading

• Creates and customizes trading strategies
• Generates live trading bots without any coding
• Presents various strategies directly in charts
• Supports 55,000+ liquid tradable instruments
• Provides real-time data on crypto, stocks, etc.
• Convert back tested strategies directly into live trading bots code-free

Pros and Cons of TrendSpider

4. StockHero: Best for Creating AI Stock Trading Bots

StockHero artificial intelligence stock trading software is used to create automated trading bots for different stocks as per your convenience.

The bots are created without any code to perform tasks like back testing strategies, trading stocks, getting recommendations, setting up trading conditions, and so on. You can use AI stock analysis software through web browsers and mobile apps.

StockHero Features

• Offers unlimited backtesting of trading strategies
• Trades different stocks through a single click
• Provides an aggregate portfolio of bots’ performance
• Deploys bots live in paper trading for testing its real-life performance
• Executes both short and long trading strategies
• Integrates with TradingView to let bots to buy and sell stocks

Pros and Cons of StockHero

5. Blackboxstocks: Best for Day Trading

Blackboxstocks is the perfect trading platform that provides features for trade execution, analysis, community chat, etc., in a single solution.

This AI trading app can help with scanning stocks to find opportunities, discovering trends in the market, collaborating with traders in the community, checking Opening Range Breakout for stocks, etc.

BlackBoxStocks Features AI Stock Analysis Software

• Offers several grade indicators and charting libraries for trading
• Provides Options Flow Scanner that provides market insights via advanced algorithms
• Offers multiple filters to filter out specific market data
• Trades securities privately with dark pools
• Provides Proprietary Volatility Indicator to measure all buy and sell opportunities on stocks in real-time.
• Offers the Alert Log’s Volatility tab for sorting and finding information

Pros and Cons of BlackBoxStocks

6. EquBot: Best for Creating Investment Portfolios

EquBot with IBM Watson is an investment platform powered by AI to help institutional investors and wealth managers to make good investment decisions through Portfolios as a Service (PaaS).

This AI tool for stock market accesses data in a short time to create custom and explainable investment portfolios in bulk. EquBot helps in designing portfolios that can help you reflect the investment ideas for different investment assets.

Features of EquBot (Quantnum Street AI)

• Provides risk data for different trading assets including stocks, ETFs, etc.
• Automatically ranks and screens different securities depending on investment portfolio criteria
• Offers machine learning for optimizing the portfolio for analyzing and reducing risk.
• Identifies new risk patterns for trading markets to mitigate risks
• Backtests the portfolio strategy by replicating an information environment.

Pros and Cons of EquBot

7. SignalStack: Best for Automating Trading Strategies

SignalStack is an AI stock trading that helps traders in converting trading alerts from different platforms into live orders within the brokerage account for crypto and stock markets.

To use it, you need to create the account and connect the brokerage account in it. Once done, all the trading alerts will be automatically converted into orders.

Features of Signal Stack

• Customizes and automates technical analysis for trading
• Easily integrates with multiple brokers including Bybit, Optimus Futures, BingX, etc.
• Automatically converts trading signals into orders for eliminate slippage situations
• Connects to any broker’s account directly without any code
• Provides WebHook alerts to easily connect with third party trading platforms.

Pros and Cons of Signal Stack AI Trader Tool

8. Scanz: Best for Scanning Stock Markets Automatically

Scanz is a real-time stock screening software designed for traders to identify endless daily trading opportunities. Its data analysis feature help data traders to elevate their trading game.

This free artificial intelligence stock trading software helps in identifying profitable stocks, developing customized notifications and alerts, viewing complete trading charts, etc.

Scanz Features

• Create customizable stocks scan with 100+ price, volume, and technical variables
• Integrates with multiple brokers directly from the platform
• Scans trading markets individually and together
• Provides auto sorting tools to help you identify the best trading opportunities
• Offers ETF (Exchange Traded Fund) scanner to find ETF opportunities in various sectors

Pros and Cons of Scanz

9. Tickeron: Best for Swing and Day Trading

Tickeron is an AI based trading platform that provides users with the best trading tools for trading and lets them create their portfolio. With AI, it generates different trading ideas based on pattern recognition and identifies the best asset allocation models.

It also offers several algorithms to easily create investment portfolios. Further, its second-generation AI robots let you adjust your trade balance to complement the brokerage account.

Tickeron Features

• Identifies stock exit and entry points with AI trend module.
• Screens stocks to find the profitable deals
• Supports paper trading
• Provides latest news related to stocks in real time
• Offers 100+ backtested algorithms for trading
• Provides AI robots to buy and sell trades
• Provides real-time alerts for open day trading opportunities

OS of Tickeron: Web based and supports all major operating systems including android and iOS

Pros and Cons of Tickeron

Hoops AI: Best for Providing Personalized Trading Insights

Hoops AI is the best AI software for stock trading. It offers AI-powered and real-time updates to assist investors and offer personalized trading insights. It uses machine learning algorithms for market data analysis to create personalized insights on trading across various asset classes.

This platform majorly focuses on stocks and cryptocurrencies, but its AI-powered analysis can help provide insights into other assets.

Features of Hoops AI

• Traders can get personalized and AI-driven recommendations for their asset class, especially for their investments.
• Tracking and analyzing are also available for investment ideas to understand the market better and improve strategies.
• Market summaries are available to help traders to stay updated with market trends.
• Offer personalized ideas, headlines, and recommendations based on the consumer’s watchlist.
• Accessibility to the latest and upcoming earning reports to know company performance.
• Opportunities to explore various investment options beyond popular stocks.

Pros and Cons of Hoops AI

11. Algoriz: Best for Developing Trading Strategies

Algoriz AI software for stock trading helps develop, backtest and automate different trading strategies for multiple equities, stocks cryptocurrencies, etc. It is one of the best AI trading software in India that you can use to connect with different broker accounts to trade different stocks.

Algoriz Features

• Develops and tests trading strategies with simulated matching engine.
• Supports trading of different cryptocurrencies including Bitcoin, Ethereum, and XRP.
• Connects the broker account within the Algoriz for automating trading algorithms
• Supports paper trading
• Offers screeners to screen different stocks and find the profitable opportunities

Pros and Cons of Algoriz

12. Share India: Best for zero code trading automation

Share India is an algo based trading platform that helps traders and investors to find and invest in the best trading opportunities. With it, you can use pre-set algo trading strategies or customize your own trading strategies for trading and investment.

It provides access to the company’s crucial information like trading history and technical data to help you make better trading decisions.

Features of Share India

• Backtesting of algo trading strategies
• Offers an integrated margin calculator
• Provides accurate historical trading data
• Executes multi-led spread strategy
• Offers advanced charting tools to represent trading data

Pros and Cons of Share India

13. Jarvis Invest: Best for Providing Personalized Investment Advice

Jarvis Invest  is one of the best AI trading software in India offers multiple products to streamline customers’ journey in the equity market. It mainly offers Jarvis Portfolio, Jarvis Protect, and Jarvis One Stock. It offers products for wealth management, portfolio management, stock market analysis, etc. Some features you get with Jarvis include portfolio optimizer, stocks forecaster, stock model customizer, etc.

Features of Jarvis

• Generates predictive insights for quicker decision making
• Offers risk management on demand
• Provides analysis based on 13 technical indicators
• Performs sentimental analysis for stock related news
• Supports back testing to test and run your trading strategies

Pros and Cons of Jarvis

How Does AI Trading Work?

AI trading uses the power of machine learning and artificial intelligence to study and analyze bulk data like market data and historical trends in real time. By accurately processing all this information, AI-based algorithms recognize trading patterns and predict the market movements.

With this information in hand, users can find new stock ideas, perform market research, create trading algorithms, execute trades, etc. Moreover, it helps in identifying the best trading opportunities for the most profitable returns.

Types of AI Trading Platform

There are different types of AI trading platforms in the market. Some of them offer stock analyses and insights, and some offers automated trading services. Here are different types of AI trading platforms.

• Managing Investment Portfolio: This type of trading software is used for tracking and managing investment portfolios.
• Creating and Test Trading Strategies: Top AI-based trading software lets you create, test, and automate trading strategies based on market data for profitable returns.
• Screening Stocks: There are multiple AI tool for stock market in India that you can use to screen various companies’ stocks. This will help identify the best trading opportunities for you.
• Trading Cryptocurrencies: The best AI trading software lets you sell and buy stocks, equity, and cryptocurrencies from a single software.
• Performing Technical Analysis: This software generates various buy and sell trading indicators and helps investors identify new trading opportunities.

In addition to these software options, you will also find software that helps you with option trading, sentiment analysis, creating trading models, and so on.

Risks and Benefits of Artificial Intelligence Stock Trading

Benefits of AI Stock Trading

There are plenty of benefits of AI trading software India trading like quickly analyzing market data, finding trading patterns, creating trading charts, etc. Some other benefits of AI stock trading include-

• Makes it easier to backtest trading strategies
• Automatically presents the technical analysis of stock markets
• Detects and identifies patterns of trading
• Helps traders to identify biggest trading opportunities via bots
• AI helps to generate accurate trading charts

Risks of AI Stock Trading

AI stock trading has become a popular way to analyze financial markets and identify opportunities. However, it also comes with some risks such as-

• Machine learning trading algorithms could be less auditable and predictable that might create market volatility.
• AI trading requires technical expertise to understand the complex trading algorithms that might be difficult for new traders.
• The AI models are generally trained on specific amounts of data to analyze markets and make predictions. Therefore, the models might find it difficult to process unknown market data.

Conclusion: Select Best AI Stock Trading Software

AI trading tools have become an asset for traders to make better decisions for selling and buying different financial instruments like bonds and stocks. From analyzing market data, identifying trading opportunities to executing stocks, everything can be completed in a short span.

FAQs Related to AI Stock Trading Platform