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

Last Updated: August 30, 2024

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

4.0

Starting Price

Price on Request

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
AI Trading Software/AppMetaStock
Supported OSWindows
Free TrialAvailable for 30 days
MetaStock PricingNo free plan | Paid plan starts from $499.00
Supported AssetStocks, Bonds, Currencies, Indices (analysis)

Pros and Cons of MetaStock

  • You can also create QuoteLists up to 600 symbols.
  • It also supports intraday trading.
  • It takes a lot of time to get familiar with the software.

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

$ 127.00      

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
AI Trading Software/AppTrade Ideas
Supported OSWeb, Windows, Mac, and Linux
Free TrialNo
Pricing of Trade IdeasFree plan available | Standard plan starts from $89 per month
Supported AssetOptions, Stock, Futures

Pros and Cons of Trade Ideas

  • Supports event based back testing to provide score on how trading scans, entry signals, trading plan, etc., perform.
  • Provides exit signals based on different risk management for intraday trade management.
  • No mobile application available

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
AI Trading Software/AppTrendSpider
OSWeb based and supported all major operating systems
Free TrialNo
TrendSpider Pricing$53.50 per month
Supported AssetOptions, Cryptocurrency, Stock, Futures

Pros and Cons of TrendSpider

  • Automatically performs technical analysis of market data to find potential opportunities.
  • Adds trends and indicators from different timeframes in one chart.
  • You can only use it in a single browser at a time.

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
AI Trading Software/AppStockHero
Supported PlatformWeb based, also supports all major OS including Android & iOS
Free Trial14-days
StockHero PricingNo free plan available | Basic plan starts from $4.99 per month
Supported AssetStock

Pros and Cons of StockHero

  • You can access all its features from your mobile due to its responsive designs.
  • It lets you rent a trading bot from a marketplace instead of creating one.
  • Features are not suitable for advanced trading.
  • Offers limited trading indicators for technical analyses

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
AI Trading Software/AppBlackBoxStocks
Supported PlatformWeb based, also supports all major OS including Android & iOS
Free Trial7-day free trial
BlackBoxStocks PriceNo free plan | $49.97/month
Supported AssetStock

Pros and Cons of BlackBoxStocks

  • You can easily share your trading strategies, charts, etc., in the community.
  • It offers a multi-chart system to view stocks from different industries.
  • Beginner traders find it difficult to use this software

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.
AI Trading Software/AppEquBot
Supported PlatformSaaS based
Free TrialNot available
EquBot PricingContact for pricing
Supported AssetStock,ETFs

Pros and Cons of EquBot

  • It allows you to present investment ideas in the trading market via portfolios as a service and as the official index.
  • Provides multiple indicators for technical analysis.
  • Users have reported that scanning securities takes longer than expected.

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.
AI Trading Software/AppSignalStack
Supported PlatformWeb based & supports all major OS
Free TrialNot available
SignalStack PricingFree plan is available| Basic plan starts at $27 per month
Supported AssetCrypto, Stock

Pros and Cons of Signal Stack AI Trader Tool

  • This AI tool for stock market maintains a complete log of all the interactions with brokers.
  • You get 99.99% system uptime with it.
  • Sometimes it shows errors during technical analysis.

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
AI Trading Software/AppScanz
Supported PlatformWeb-based, Windows and macOS
Free Trial14-days free trial available
Scanz Pricing$169 per month
Supported AssetStock

Pros and Cons of Scanz

  • It lets you filter the stock results by foreign stocks, preferred stocks, regular stocks, etc.
  • It provides trading breakout signals in real-time.
  • Pre-built scans for stocks are available within the software for user convenience.
  • Users need to pay extra for viewing OTC market data

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
AI Trading Software/AppTickeron
Supported PlatformWeb-based, Windows, macOS, Android & iOS
Free TrialNot Available |14-days free trial starts at $1
Tickeron PriceBeginner plan starts with $9 per month
Supported AssetStock

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

Pros and Cons of Tickeron

  • It lets you get live quotes for different stocks and financial markets.
  • With it, you can also invest in crypto and forex as well.
  • Users find it difficult to navigate through functions as too many options are available on a single screen.
  • It has limited customizing chart options available.

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.
AI Trading Software/AppHoops AI
Supported PlatformWeb-based platform
Free TrialNot available
VectorVest PriceBasic plan with $4,000/month
Supported AssetStocks, Crypto, Forex, ETFs

Pros and Cons of Hoops AI

  • Machine learning algorithms help in interpreting accurate market data.
  • Provide real-time market information to stay updated.
  • Offer a wide range of educational resources for better trading knowledge.
  • It may not integrate with other trading platforms.

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
Artificial Intelligence Software for TradingAlgoriz
Supported PlatformWeb-based, Windows, macOS
Free TrialYes
Algoriz PriceProfessional plan starts at $29 per/month
Supported AssetStock, Crypto

Pros and Cons of Algoriz

  • The solution supports almost 10000 tested trading strategies.
  • You can easily connect with multiple data vendors.
  • Backtesting period is only 5 years even in the paid plan.

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
Artificial Intelligence Tool for Trading in IndiaShare India
Supported PlatformWeb trading platform, Android & iOS apps
Free TrialNo free trial but free for AMC on Demat Account and Equity delivery
Share India PriceINR 20 per order for Intraday and Futures & Options | INR 0 for Investment in Equity
Supported AssetStock (Indian Stocks)

Pros and Cons of Share India

  • It offers an Option Calculator to find out the best option trading opportunities.
  • It updates you on frequent market data to help you learn more about trading.
  • Trading calculators not always create accurate results.

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
AI App for Indian Stock MarketJarvis Invest
Supported PlatformDetails on request
Free TrialNot available
Jarvis Invest PriceJarvis Portfolio starts at ₹3,999/half yearly
Jarvis Protect starts at ₹1,999/half yearly
Jarvis One Stock Plus starts at ₹1,999 half yearly
Supported AssetStocks (Inherits from MetaStock)

Pros and Cons of Jarvis

  • You can also use it to create your own trading models.
  • It uses 40 million data points to analyze the market on a regular basis.
  • Limited technical indicators available for analyses.

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.

  1. Can AI be used for stock trading?

    Yes, AI can be used for trading different types of stocks via sentiment analysis and complex algorithmic predictions for analyzing different data points and providing trading opportunities.

  2. What is AI stock trading?

    AI stock trading uses artificial intelligence technology and financial markets historical data sets for analyzing stock data, predict trades, provide trading opportunities, etc. This helps in reducing trading risks and achieve increased ROI.

  3. How does AI stock trading work?

    Most AI stock trading software utilizes machine learning and sentiment analysis to analyze various data points in trading and provide profitable trading opportunities.

  4. What are the benefits of AI stock trading?

    There are several benefits of using AI stock trading such as accurate analysis of stock market, providing stock predictions, identifying trading patterns, and so on.

  5. Is AI stock trading legal?

    Yes, algorithmic and AI-based trading is legal in India.

  6. How to use AI for stock trading?

    To leverage AI technology for stock trading, you can use AI-based software. Within the software, you can configure the trading settings and enable AI stock trading. Once done, the AI will automatically trade stocks, study trading charts, etc., to help you find the best trading opportunities.

  7. Are there any AI platforms that can trade stocks?

    Yes, there are multiple types of AI software available that can perform technical analysis to help you find the best trading opportunities. Some of the best tools you can consider include Signal Stack, Scanz, TrendSpider, Tickeron, etc.

  8. Does AI trading software really work?

    Yes, AI trading software actually works to find trading opportunities. The software will run AI-based algorithms to identify trading patterns, profitable opportunities, and also stocks rate in real-time.

  9. How much is AI trading software?

    The cost of any AI trading software depends on the types of trading functions it offers to customers.

  10. Do AI trading bots work?

    Yes, Ai bots can be used for trading, however, their performance in the future cannot be guaranteed. The AI algorithm might work for a while, but the stock market dynamic, businesses, investor sentiments keep on changing. Therefore, you need to adopt different AI strategies in specific trading situations.

Published On: May 31, 2023
Jyoti Sharma

Jyoti Sharma is a skilled content writer with five years of experience in logistics, travel, IT, and education industry. Known for transforming complex concepts into clear, engaging content. She has been writing since 2019 and excels in making complex topics accessible and interesting. Whether it's for tech updates, travel guides, or educational resources, Jyoti creates content that is clear, engaging, and effective. Passionate and versatile, Jyoti ensures every project achieves its goal with creativity and precision.

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