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AI trading platforms allow you to streamline your research and investment processes. While some platforms offer AI-backed insights and predictions, others offer automated trading services.
In this guide, we explore the 10 best AI trading platforms for 2023. Read on to discover which AI-backed platforms can take your trading skills to the next level.
The 10 best AI trading platforms are listed below: In this section, we review the 10 best AI trading platforms listed above. If you’re exploring AI for stock trading and other assets, eToro could be right for you. This regulated broker offers plenty of AI-centric tools that allow you to invest passively. For a start, eToro offers an investment portfolio that was developed by AI. Known as InvestorAi, this portfolio currently holds 12 stocks. This includes NextEra Energy, CVS Health, Centerpoint Energy, PG&E, and AerCap Holdings. There is a minimum investment of $500 and AI maintains and rebalances the portfolio. Crucially, there’s also human oversight from the eToro team. Year-to-date, the InvestorAI portfolio has grown by over 14%. eToro also offers backtested returns for 2022 and 2021. This yielded growth of 8.9% and 37.9% respectively. In addition, eToro also offers smart portfolios. These also allow you to invest passively, but each portfolio will have a target market. For example, if you want exposure to large technology stocks, the BigTech smart portfolio might be of interest. This covers 25 tech heavyweights, including Tesla, Visa, Google, Meta Platforms, Amazon, and Microsoft. If you’re more interested in dividend-paying stocks, the YieldKing smart portfolio is worth exploring. This holds 17 companies that consistently yield dividends, including Shell, Glencore, Expedia, and British American Tobacco. Another popular feature on eToro is copy trading. While this isn’t backed by AI, it’s another passive way to invest. Put simply, you’ll have thousands of verified traders to choose from, which you can ‘copy’ from $200 or more. Any investments your chosen trader makes, you’ll automatically mirror. There are many eToro copy traders that consistently outperform the market, so this feature is ideal for beginners. After all, you can sit back and allow your chosen trader to research the markets on your behalf. All that being said, eToro also offers DIY investing. This means that you can buy individual assets for your portfolio. eToro supports over 3,000 stocks and ETFs. It also supports commodities like gold, silver, and oil – not to mention forex and indices. You can also buy Bitcoin and some of the best altcoins, like Ripple, Cardano, BNB, and Ethereum. eToro also supports fractional assets, so you can invest in small amounts. Now let’s break down eToro’s fee structure. First, US dollar deposits and withdrawals are processed free of charge. This covers all support payment types, including debit/credit cards and e-wallets. However, non-US dollar payments are charged 0.5%. All of eToro’s passive investing tools – including smart portfolios and copy trading, do not attract additional fees. Instead, you’ll simply need to cover the commission and/or spread for the assets being traded in your portfolio. For example, stocks and ETFs on eToro are commission-free. Forex, commodities, and indices can be traded on a spread-only basis. Cryptocurrencies are charged 1% in commission plus the market spreads. So, if any portfolio adjustments are made, you can refer to these fees. When it comes to safety, eToro was launched in 2007 and is used by over 30 million traders. It holds licenses with four tier-one bodies; eToro is regulated by FINRA (US), ASIC (Australia), CySEC (EU), and the FCA (UK). It keeps client funds in segregated bank accounts, meaning it can’t touch your investments or capital. eToro is also rated 4.4/5 on TrustPilot across 20,000+ reviews. Pros Cons
74% of retail investor accounts lose money when trading CFDs with this provider. MetaTrader 5 (MT5) is a popular trading platform that connects to dozens of online brokers. While MT5 is known for its advanced charting tools, technical indicators, and data insights, it’s also one of the best AI trading platforms. This is because MT5 supports AI-backed trading robots that can buy and sell assets automatically. Here’s how it works. First, you’ll need to visit the MQL5 marketplace, which is backed by MT5. This gives you access to thousands of automated robots, created by third-party developers. You can click on a robot for more information, such as how it leverages AI, what strategy it deploys, and its past performance. You’ll also find reviews from other traders who have personally used the robot. The high-risk setting has produced gains of 315% over 25 weeks. This automated robot costs $649 for lifetime access or $180 per month. There are many other AI robots on MQL5 that cover forex, stocks, and other popular assets. Best of all, you’ll be able to adjust the robot settings to ensure it aligns with your goals and risk tolerance. For example, you can limit how much leverage it trades with and specify a stop-loss and take-profit ratio. There are no fees to use MT5, other than the purchase of your chosen robot. However, you will need to connect your MT5 software to a compatible broker. The best MT5 brokers are regulated and offer tight spreads with low commissions. Make sure you choose a broker that offers a demo account. This will enable you to test your AI trading robot with risk-free funds. What’s more, MT5 also offers backtesting tools. You can then upload the robot into the MT5 software and allow AI to trade 24/7 Pros Cons
Capitalise.ai is one of the best AI trading platforms for automating your own strategies and systems. This is a user-friendly platform that allows you to provide simple text prompts to the AI bot. The bot will then action your instructions in live market conditions. For example, you could instruct the bot to buy $1,000 worth of Visa stock if the RSI hits 72. You might also instruct the bot to deploy a trailing stop-loss at 4% and take-profit at 5%. Thereon, you can sit back and allow the Capitalise.ai bot to execute your commands. Crucially, there’s no requirement to understand coding or programming languages. Although you’ll need to have a strategy in mind, Capitalise.ai offers plenty of tools to ensure you’re trading in a risk-averse way. For example, once you’ve created a text-based strategy, you can backtest it. This assesses whether your strategy would have made a profit based on historical data. You can choose your timeframe and Capitalise.ai will give you a summarized report. For example, the number of times the trade would have been executed, and how many would have yielded a profit. You can also assess the return on investment for your stated timeframe. In addition, Capitalise.ai also allows you to simulate your AI strategy in live market conditions. You’ll be trading with paper funds, so there’s no risk involved. Capitlise.ai also allows you to refine your strategy with text prompts. For example, you might want to increase the stop-loss to 5% to see how the strategy performs. Similar to MT5, Capitalise.ai does not offer brokerage services. That said, Capitalise.ai is compatible with some of the best online stock brokers, such as Interactive Brokers, Fidelity, and ACY Securities. It also connects with some of the best forex brokers, such as Forex.com, Pepperstone, AvaTrade, and FXCM. In terms of pricing, Capitalise.ai is currently offering its AI tools for free. However, the provider will be implementing a pricing system in the near future. Pros Cons
Magnifi is a newly launched AI-powered app for iOS and Android. In simple terms, it gives you access to financial advice, crafted by artificial intelligence. In other words, you can use Magnifi to help build a portfolio that aligns with your financial goals and risk tolerance. Best of all, Magnifi is aimed at beginners. To engage with the AI bot, you simply need to have a conversation. You might begin the process by outlining your financial capabilities and objectives. For instance, “I have $300 to invest in stocks every month, I’m 20 years old, and I want to retire at 55 with $2 million”. Magnifi will then ask some additional questions to ensure it makes suitable suggestions. For example, it might ask if you currently have a retirement account and whether this is a 401 (k), IRA, or a combination of the two. Once Magnifi has evaluated the user’s requirements, it will then get to work. It will suggest which stocks to buy based on the stated financial goals. The best feature is that Magnifi connects to online brokers. This means that it offers real-time updates on your portfolios. For instance, it might suggest selling certain stocks to reduce your risk exposure or buying funds that represent good value. Popular brokers that Magnifi connects with include Robinhood, E*TRADE, TD Ameritrade Crucially, Magnifi is always by your side. As noted by CNBC, Magnifi is like ChatGPT, and Robinhood rolled into one user-friendly product. While Magnifi is competitive with other brokerages, it also allows users to buy and sell assets directly on its app. In fact, Magnifi supports over 15,000 stocks and funds. It doesn’t charge trading commissions and uninvested cash balances earn an APY of up to 5%. However, Magnifi charges a monthly fee, starting from $11. Pros Cons
Trade Ideas is one of the best AI trading platforms if you want assistance on what stocks to buy or sell. It offers many features and tools, but Holly AI is the stand-out product. In a nutshell, Holly AI scans millions of trading scenarios around the clock. It’s constantly looking for trading opportunities and notifying users in real-time when it discovers one. Not only does the AI tool suggest which stock to trade but the most suitable entry and exit prices. This allows you to trade stocks without researching the markets yourself. However, you’ll need a premium plan with Trade Ideas to access Holly AI. If you’re paying monthly, this will cost you $228. You can reduce the monthly fee to $167 by paying annually. While expensive, the Trade Ideas premium plan comes with many other features. This includes backtesting tools, allowing you to assess how Holly AI’s suggestions perform risk-free. You’ll also have access to 20 premium charts. This includes technical and economic indicators, and you can choose from candlesticks, lines, bars, and HLCs. Pros Cons
The Trading Analyst is one of the best AI trading platforms for stock options. Its underlying technology scans more than 24,000 data sets to make smart trading decisions. It focuses on stocks that are trading in consolidation zones and could be about to break out. All of its trading suggestions follow strict risk-management concepts. In addition to stop-losses, the Trading Analyst targets a profit margin of 1.8 times the entered stake. Crucially, this service is suitable for beginners, as the Trading Analyst provides all required entry and exit prices. This means that you simply need to place its suggested orders at your preferred brokerage. Options trading suggestions are sent via SMS – there are no restrictions on nationalities. In terms of performance, the Trading Analysts aims to outperform the broader stock market by 20% annually. Although it provides historical returns, this only covers 2018 to 2020. During this period, the Trading Analysts produced gains of 474%. However, no results post-2020 are provided, which is a red flag. That said, the Trading Analyst has a great reputation on Stocktwits with over 21,000 followers. Another drawback of the Trading Analyst is that it charges high fees. You’ll pay $147 per month or $357 quarterly. There’s also an annual plan at $787. Moreover, the Trading Analyst recommends a minimum trading balance of $25,000 to make the most of its AI-backed suggestions. Pros Cons
If you’re searching for an AI crypto trading bot, check out Pionex. It offers a fully-fledged crypto trading platform that doubles up as an AI bot. This means that you can trade cryptocurrencies automatically without needing to connect Pionex to an exchange. Pionex supports almost 380 crypto markets, so you’ll have plenty of trading opportunities. This includes some of the best cryptocurrencies to trade, such as Bitcoin, Dogecoin, Solana, Shiba Inu, and Cardano. In terms of its AI bots, Pionex offers several strategies to choose from. This includes a grid trading bot that buys leading cryptocurrencies during market dips and cashes out at pre-defined profit levels. There’s also a dollar-cost averaging bot that’s aimed at long-term investors. Other strategies include portfolio rebalancing, dual investments, and arbitrage trading. Pionex has a solid reputation and its AI bots have been tested by various YouTube influences. This includes Max Maher (968,000 subscribers), who tested Pionex bots with $10,000 of his own capital. In terms of fees, Pionex doesn’t charge to use its trading bots. Instead, you’ll simply pay a trading fee every time the bot enters and exits a position. This stands at just 0.05% per slide. Pros Cons
QuantConnect is one of the best AI trading platforms for advanced traders. It specializes in quantitative analysis and enables users to train and deploy automated strategies. You’ll need to have a firm grasp of data visualization and programming languages to use QuantConnect. It supports an unprecedented amount of data points that can be optimized through AI and machine learning. This includes financial, fundamental, and alternative data sources. QuantConnect also offers high-level backtesting tools, which include slippage, spread, and fee estimates. It processes over 500,000 backtests every month, which is testimony to its popularity. What’s more, QuantConnect gives you plenty of options when deploying your strategies in live market conditions. You can use the provider’s local trading platform, which supports plenty of assets. This includes everything from stocks, options, and indices to futures, forex, and cryptocurrencies. However, you’ll also need to connect your account with supported brokerages via an API. Options include Interactive Brokers, TD Ameritrade, OANDA, Coinbase, and other popular trading platforms. Although QuantConnect is aimed at seasoned professionals, it has a competitive pricing structure. Plans range from $8 to $80 per month, depending on what features you seek. Pros Cons
Tickeron is one of the best AI trading platforms for automated strategies. The platform supports AI robot software that you can connect with your brokerage account via an API. In other words, Tickeron robots trade autonomously on your behalf. Four asset classes are supported, stocks, ETFs, forex, and cryptocurrencies. One of the most popular AI strategies is the ‘Day Trader FOREX: Only Cross Currency Pairs’. This focuses on selected minor pairs, including AUD/CAD, EUR/NZD, NZD/CHF, and GBP/CAD. The robot has an average holding time of seven hours. Based on the 30-day running yield, it’s made annualized returns of 98%. Tickeron also offers backtesting tools and simulated trading, ensuring that you can test your robot risk-free. However, you’ll need to pay a monthly fee to access its AI robots. This costs $90 per month, which is reduced by 50% if you subscribe to an annual plan. Pros Cons
OKX – one of the largest crypto exchanges globally, offers a huge range of AI robots. This includes a selection of pre-built bots that specialize in arbitrage trading, dollar-cost-averaging, and order slicing. OKX-backed bots are completely free to use. That said, OKX also has an AI bot marketplace that supports over 1,000 creations. These were developed by third parties and there are many different strategies to choose from. What’s more, you can also choose an AI trading bot that specializes in specific pairs. For example, there’s a bot that trades BTC/USDT with leverage of 20x. This has generated a profit of 16.34% since inception. Third-party bots have a profit-sharing agreement that ranges from 10-30%. This means that you’ll only pay a fee if the bot is profitable. OKX is also one of the best crypto exchanges for low trading fees. You’ll pay just 0.10% per slide on each position that your AI bot enters. Pros Cons
We’ve presented the 10 best AI trading platforms for 2023. To ensure our ranking system is impartial and informed, we employed a meticulous methodology. Initially, we shortlisted leading providers to cover the most sought-after AI trading services. This included fully-fledged trading platforms with AI insights, automated portfolio management tools, and quantitative analysis. We also ensured that we covered a broad range of target markets, including stocks, ETFs, cryptocurrencies, forex, and commodities. While some of the platforms we reviewed specialize in just one asset class, others support multiple markets. We then extract key data from each shortlisted AI trading platform. This covered pricing, past performance, reputation, and user-friendliness. We also assessed whether the AI trading platform supported brokerage services directly, or if it needed to be connected to a third-party provider. This methodology provided us with a solid ranking score for each AI trading platform. However, it’s important to remember that you’ll need to do your own due diligence before proceeding. No two AI trading platforms are the same, so assess your own goals and risk tolerance when selecting a provider. In simple terms, AI trading allows you to trade financial instruments with the assistance of artificial intelligence. AI trading isn’t an entirely new concept. The Economist explains that hedge funds have been using AI for many decades. This includes Bridgewater Associates – the largest hedge fund globally, which has long used AI to develop trading strategies, analyze data, and test theories. However, the AI trading landscape has only opened to retail clients in recent years. There are many types of AI trading tools in the market. Some offer a fully automated service, meaning the AI robot will trade on your behalf. This is usually via AI-backed software that can be uploaded into a trading platform like MT5. Some AI trading platforms offer portfolio management services. This means that your investment portfolio will be built and maintained by artificial intelligence. The AI mechanism will make investment decisions based on machine learning, predictive analytics, and natural language processing. It will likely collect data from fundamental and technical sources to ensure it makes informed trading decisions. There are also AI trading tools that can streamline the analysis process. For instance, technical traders can use AI to scan dozens of pricing charts simultaneously. This wouldn’t be possible without the aid of AI. There are different types of AI trading concepts. The specifics depend on the objectives of the AI software and how it has been programmed. Let’s explore some of the key fundamentals of AI trading. In many cases, AI trading platforms offer a fully automated service. This means that the AI software will trade autonomously on your behalf. This offers a completely passive way of trading, as the AI robot will buy and sell assets on its own accord. That said, most AI trading bots are programmed to follow strict conditions. For example, the software might make trading decisions based on the Stochastic Oscillator indicator. It could be programmed to buy EUR/USD when the Stochastic Oscillator is above 80. And sell EUR/USD when the reading is below 20. The possibilities are endless when using an AI trading platform that offers automated services. But you’ll need to understand the AI bot’s methodology before proceeding. This ensures that you know why the AI tool picked a specific trade. The financial markets can change pace at a moment’s notice. This means that AI needs to constantly learn and adapt to new market conditions. Initially, the AI software utilizes historical data to build its foundations. This means analyzing millions of data points across its target market. For instance, it might analyze stock price movements for the S&P 500 constituents over the prior 50 years. It can expand by extracting fundamental data, such as dividend yields, earnings, and sell-side analyst ratings. The AI software can also extract alternative data to build an even bigger picture. In addition, AI works alongside machine learning. This ensures that the AI trading software doesn’t just rely on historical data. Instead, it will evolve with real-time insights and trends, continuously improving its capabilities. For example, machine learning can identify patterns and make assumptions on how the market might react. Another tool that works alongside AI trading software is natural language processing. This allows AI to extract information from content sources, such as news articles and industry reports. This will then be analyzed and packaged into insights – meaning the AI software can make informed trading decisions. AI trading is a broad term that covers many different products and services. To ensure you choose the best AI trading platform for your requirements, let’s explore what the market has to offer. If you’re looking to invest in the financial markets with the assistance of AI, you’ve got plenty of options. The concept is simple; artificial intelligence will select which assets should be added to your portfolio. But the process doesn’t stop there – the AI software will also maintain the portfolio around the clock. This means rebalancing and reweighting the portfolio when needed. We found that eToro is a popular option if you’re looking to invest in an AI-backed portfolio. The ‘InvestorAI by Bridgeweave’ portfolio currently holds 12 stocks. This includes Deckers Outdoor, DTE Energy, Centene, NextEra Energy, and Kroger. This covers an interesting blend of healthcare, energy, and retail stocks. This AI-backed portfolio was launched in 2023. Year-to-date, it’s grown by 14.02%. Over the same period, the Dow Jones Industrial Average has grown by just 3.94%. Moreover, the InvestorAI by Bridgeweave portfolio provides backtesting results for the prior two years. This yielded growth of 8.98% (2022) and 37.95% (2021). Some of the best AI trading platforms offer automated robots. These are software files that you can install into a platform like MT5. The software is pre-programmed to follow a set of rules and will make trades accordingly. This is usually on an ‘if/then’ basis, meaning the AI robot only trades when a rule has been triggered. For example: AI robots will usually have risk-management rules too. For example, it might always set a trailing stop-loss of 2%. This means that the robot will never lose more than 2% of the position size. It might also set a take-profit target of 4%. This means the robot will close the trade if it increases by 4%. There are also AI trading platforms that specialize in signals. This AI tool is similar to robots, as you won’t be required to perform any analysis or research. This is taken care of by the AI signal provider. However, signals provide trading suggestions, meaning you’ll need to place the recommended orders with your broker. This should include the trade suggestion (e.g. buy Apple stock) and the entry, stop-loss, and take-profit prices. Signals can be sent in various ways, including email, SMS, and Telegram. If the signals are related to short-term plays, you’ll need to act on them quickly. This means choosing an AI signals provider that operates in your time zone. You can read more about the best forex signals here. Some traders use AI to automate their own trading strategies. This means that AI won’t be picking which assets to trade and when. Instead, the AI tool will follow the rules that you teach it. For instance, Capitalise.ai offers a beginner-friendly AI strategy builder based on text prompts. You simply need to instruct the bot which assets should be bought and sold, and what triggers to follow. Here’s a quick example of how AI strategy builders work: Crucially, AI builders allow you to create your own strategies, rather than relying on third parties. What’s more, platforms like Capitalise.ai and QuantConnect come with backtesting tools. This means you can assess how your AI strategy would perform in historical market conditions. The AI tool will suggest refinements to maximize effectiveness. You can then test the AI strategy in simulated market conditions. This means trading in live markets but with virtual capital. Only when you’re comfortable that the AI strategy has been perfected will you trade with real money. You can also leverage artificial intelligence as a financial advisor. This means that the AI tool will help you make smart financial decisions based on your goals and appetite for risk. It can also help you build and maintain a suitable portfolio. For example, Magnifi is a newly launched AI advisor that operates on text prompts. The process begins by outlining your objectives – such as creating a 20-year retirement plan. Magnifi also connects to popular brokerages, so has real-time access to your portfolios. It can then make suggestions based on your stated goals. For instance, if you’ve got too much exposure to tech stocks, it might suggest rebalancing the portfolio. Interestingly, a recent CNBC article showed that 31% of investors would be comfortable using AI for financial advice. Whether or not AI trading is profitable will vary widely depending on the type of strategy being deployed. More specifically, AI is only as powerful as the data it has access to. For AI software to make profitable investment decisions, it needs access to accurate, quality, and up-to-date information. It also requires other emerging technologies to succeed – such as machine learning. This ensures that the AI software constantly evolves with current market conditions and improves its existing data set. If built correctly, AI trading bots can react significantly faster than a human trader. They can also analyze an unprecedented amount of data at any given time. For example, consider a human trader who’s limited to technical analysis on one currency pair at a time. In contrast, AI could analyze dozens of charts simultaneously. That being said, not all AI trading systems are profitable. Moreover, past performance doesn’t guarantee that the AI system will continue to make money. This makes the backtesting process more important than ever. Put simply, AI trading software is perfectly legal. In fact, in a recent survey of 50 leading hedge funds, 90% stated AI is already being used to meet portfolio objectives. As such, there are no issues with the legality of using AI to make trading decisions. However, you should strongly consider the risks involved – especially if you’re allowing AI to trade. For example, there is every possibility that the AI software malfunctions mid-trade. This means it could place the wrong trade or misinterpret your instructions. Moreover, we’re already seeing that artificial intelligence can generate false or misleading information. For example, the NY Times recently noted that there are increasing concerns about ChatGPT promoting disinformation. To counter these risks, it’s important that you backtest your AI trading software before letting it loose with real money. You should also monitor its performance regularly and make refinements where necessary. And most importantly, ensure that the AI software’s risk management tools are water-tight. At the very least, if the AI software malfunctions, stop-losses will ensure it doesn’t blow through your entire bankroll. In this section, we explain what to consider when choosing an AI trading platform for you. First, assess the type of AI trading that the platform offers. For instance, if you’re looking to trade passively, you might want an AI portfolio manager or trading robot. If you’re not comfortable allowing AI to trade with your money, signals could be more suitable. This will enable you to review the AI trading suggestions before placing any orders. Most AI trading platforms specialize in a specific market. For example, OKX and Pionex specialize in cryptocurrencies. While the Trading Analyst focuses on stock options. Some platforms support multiple asset classes. For instance, eToro and QuantConnect support stocks, indices, forex, cryptocurrencies, and ETFs. You’ll also need to know the type of strategy the AI trading platform deploys. For example, eToro’s AI-built portfolio focuses on a long-term strategy. It buys stocks that could be worth a lot more in years to come. On the flip side, most of the AI trading robots on Tickeron deploy short-term strategies. This includes scalping and day trading, meaning positions never remain open past standard market hours. You’ll need to ensure that the AI trading platform offers good value for money. If you’re required to purchase or subscribe to an AI system, consider whether you’re able to make a return on the investment. For example, the Trading Analyst charges $149 per month for its AI signals. This means you’ll need to make at least this amount just to break even. If your chosen AI trading platform also offers brokerage services, check what fees it charges. This should include account fees, commissions, and spreads. If you’re opting for an AI trading platform that makes investment decisions, explore its past performance. This is very important, as you’ll want to ensure it has a track record of making profits. Moreover, its past performance should be over an extended period of time. The longer the AI software has been trading, the more validity it has. You should also ensure that you can verify the results stated by the AI trading platform. If you can’t, there’s no knowing if the data is legitimate. Most AI trading platforms do not offer brokerage services. This means that you’ll need to connect the platform to a compatible broker. Otherwise, the AI software will not be able to access the financial markets. That said, some providers double up as a broker, making the investment process more convenient. For example, when you invest in eToro’s AI portfolios, you’ll be doing so directly on its brokerage platform. There’s no denying that artificial intelligence is creating a major sea-change in the investment scene. While AI has been used by hedge funds for many decades, this niche market is finally opening up to casual investors. We like the eToro platform for AI-based investments. It offers a portfolio management service that’s built and maintained by AI. Its AI portfolio requires a minimum investment of $500 and no additional fees are charged. It takes less than five minutes to get started and eToro is regulated by tier-one bodies for your safety.
74% of retail investor accounts lose money when trading CFDs with this provider.The Top AI Trading Platforms Ranked
The Best AI Trading Software Reviewed
1. eToro – Overall Best AI Trading Platform for Passive Investors
AI Trading Platform
eToro
Type of AI Trading Tools
Portfolios that are hand-picked and maintained by AI. Also offers copy trading tools, allowing you to invest in a successful trader. DIY investing is also supported
Supported Assets
Stocks, ETFs, cryptocurrencies, forex, commodities, and indices
Fees
0.5% deposit fee for non-US dollar payments.
No additional fees to invest in AI-backed portfolios.
You’ll cover asset purchases and sales; 0% commission on stocks and ETFs, 1% on cryptocurrencies, and other assets can be traded on a spread-only basis.
Minimum Deposit
$10 (UK/US clients) and $50 (all other clients)
Minimum Investment Requirements
$200 for copy trading and $500 for AI-backed smart portfolios. $10 minimum on DIY investing.
2. MT5 – Popular Trading Platform Supporting AI-Backed Robots for Automated Investing
Once you find a robot, you can make a payment and upload it to the MT5 software for Windows, Mac, or Linux. One of the best trading robots in this market is ‘AI for Gold’. This uses Price Action concepts alongside AI to speculate on gold prices. It trades 24/7 and comes with two risk settings. The medium-risk setting has grown by 19% over the prior 11 weeks.
AI Trading Platform
MT5
Type of AI Trading Tools
Marketplace with thousands of AI-backed trading robots.
Supported Assets
Stocks, cryptocurrencies, forex, commodities, and indices
Fees
No fees to use the MT5 software. AI robot fees vary depending on the provider. Some offer one-time payments and monthly rentals. Trading fees are determined by the broker you connect MT5 with.
Minimum Deposit
Determined by the chosen MT5 broker
Minimum Investment Requirements
N/A
3. Capitalise.ai – Leverage AI to Automate Trading Strategies via Simple Text Prompts
AI Trading Platform
Capitalise.ai
Type of AI Trading Tools
Create your own AI trading bot through simple text prompts. Supports AI backtesting and simulated trading
Supported Assets
All assets supported by its partnered brokers, including stocks, forex, commodities, and cryptocurrencies
Fees
Currently free, as Capitalise.ai is a new concept. Trading fees are determined by the broker you connect Capitalise.ai to.
Minimum Deposit
Determined by the chosen broker
Minimum Investment Requirements
N/A
4. Magnifi – AI-Powered Investment Advisor App Connecting to Regulated Online Brokers
AI Trading Platform
Magnifi
Type of AI Trading Tools
AI-backed financial advisor that helps you build portfolios and meet your financial goals. Also supports commission-free trading for over 15,000 stocks and funds.
Supported Assets
Stocks and funds
Fees
Monthly fee starting from $11. No commissions are charged when buying and selling stocks/funds
Minimum Deposit
None
Minimum Investment Requirements
Fractional investments are supported, but minimums are not stated.
5. Trade Ideas – Real-Time Stock Trading Suggestions Powered by Artificial Intelligence
AI Trading Platform
Trade Ideas
Type of AI Trading Tools
Holly AI scans millions of market scenarios and suggests trading ideas. This includes the recommended stock and entry/exit prices. Also offers high-level charting tools and other analysis features.
Supported Assets
Focuses on stocks, but you’ll need a brokerage account
Fees
$228 per month or $1,999 when paying annually
Minimum Deposit
N/A
Minimum Investment Requirements
N/A
6. The Trading Analyst – AI-Produced Stock Options Signals via SMS
AI Trading Platform
The Trading Analyst
Type of AI Trading Tools
AI-powered stock options suggestions sent via SMS. 2-5 alerts are sent each week and you’ll be told exactly what options trades to place
Supported Assets
Stock options
Fees
1 month: $147, 3 months: $357, 12 months: $787
Minimum Deposit
N/A
Minimum Investment Requirements
At least $25,000 is recommended
7. Pionex – Cryptocurrency Trading Platform With Pre-Built AI Bots
AI Trading Platform
Pionex
Type of AI Trading Tools
AI-backed trading bots that buy and sell cryptocurrencies autonomously. Several bot strategies are available, including grid trading, dollar-cost averaging, and arbitrages
Supported Assets
Cryptos
Fees
No fees to use bots, simply pay 0.05% on each buy and sell position
Minimum Deposit
None
Minimum Investment Requirements
Depends on the bot and crypto, but starts from $11
8. QuantConnect – Train and Deploy Quantitative Strategies and Access 1,300+ Liquidity Providers
AI Trading Platform
QuantConnect
Type of AI Trading Tools
AI and machine learning tools to build and train quantitative trading models.
Operates on the cloud and supports ultra-high-level data visualization tools.
Supported Assets
Stocks, indices, options, futures, forex, cryptocurrencies
Fees
Plans range from $8 to $80 per month, depending on the features you need
Minimum Deposit
Determined by the broker you link QuantConnect with
Minimum Investment Requirements
N/A
9. Tickeron – AI Software for Automated Trading on Stocks, ETFs, Forex, and Crypto
AI Trading Platform
Tickeron
Type of AI Trading Tools
AI robot software that trades autonomously. Multiple strategies to choose from with full backtesting capabilities
Supported Assets
Stocks, ETFs, forex, cryptocurrencies
Fees
1 month: $90, 12 months: $540
Minimum Deposit
Determined by the broker you link Tickeron with
Minimum Investment Requirements
N/A
10. OKX – Tier-One Crypto Exchange With Over 1,000 AI Bots to Choose From
AI Trading Platform
OKX
Type of AI Trading Tools
Pre-built AI trading bots developed by OKX
Marketplace lists over 1,000 bots developed by third parties
Supported Assets
Cryptos
Fees
OKX bots are free to use. Third-party bots have a profit-sharing agreement of 10-30%. Trading commissions of 0.10% per slide
Minimum Deposit
Depends on the cryptocurrency or payment method
Minimum Investment Requirements
None
Our Methodology When Rating AI Trading Platforms
What is AI Trading?
How Does AI Trading Work?
Automated AI Trading
Constant Learning and Improvements
Types of AI Trading Platforms
AI Portfolio Management
Is Copy Trading the Same as AI Trading?
AI Trading Robots
Where Can I Use an AI Trading Robot?
AI Signals
AI Strategy Builders
AI Financial Advisors
Is AI Trading Profitable?
Are AI Trading Software Safe & Legal?
How to Pick an AI Trading Platform
Type of AI Trading Service
Supported Markets
AI Trading Strategy
Pricing
Past Performance
Brokerage Services
Conclusion
References
FAQs
Which AI trading platform is best?
Is AI trading profitable?
Do any AI trading bots really work?
Is there any free AI trading software?
How do AI trading apps work?
