Best AI Trading Platforms & Software

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 Top AI Trading Platforms Ranked

The 10 best AI trading platforms are listed below:

  1. eToro: eToro is a regulated trading platform that offers several AI-backed tools. This includes portfolio management services that are built, maintained, and rebalanced by AI. The investment process is completely passive and the minimum deposit is just $500. eToro also offers smart portfolios across a range of markets, including AI, renewable energy, and driverless cars. What’s more, eToro also offers copy trading, allowing you to mirror the trades of an experienced pro.
  2. MT5: MT5 offers third-party trading software that connects to dozens of online brokers. Its MQL5 marketplace lists thousands of AI-backed robots that can trade 24/7 on your behalf. You’ll need to purchase a robot and upload it into the MT5 software. There are AI robots for forex, stocks, gold, cryptocurrencies, and other popular markets.
  3. allows you to leverage artificial intelligence to automated trading strategies. It’s user-friendly and requires no coding knowledge – you simply need to provide the AI bot with text prompts. For instance, you can instruct the bot to buy $500 worth of Amazon stock when the RSI hits 75, alongside your preferred stop-loss and take-profit. also offers backtesting and simulated trading.
  4. Magnifi: Magnifi is a new AI trading tool that helps consumers make smart investment decisions. It can build a portfolio of stocks and funds, suggest suitable strategies to meet investment goals, and help you reduce your risk exposure. Magnifi comes as an app for iOS and Android and connects to several online brokers, including Robinhood, E*TRADE, and TD Ameritrade.
  5. Trade Ideas: If you’re looking to take a hands-on approach to investing with AI by your side – Trade Ideas is worth exploring. Holly AI – the platform’s proprietary product, analyzes millions of trading scenarios around the clock. It highlights potential trading opportunities alongside entry and exit suggestions. You’ll need a premium plan to access Holly AI, which costs $228 per month.
  6. The Trading Analyst: The Trading Analyst specializes in options trading signals. When the AI software discovers a trading opportunity, it sends a signal via SMS. This will tell you which stock to buy or sell, and the suggested entry, stop-loss, and take-profit prices. The Trading Analyst claims to beat average market returns by 20% annually.
  7. Pionex: This trading platform specializes in cryptocurrencies – with almost 380 markets supported. The platform doubles up as an AI trading bot, allowing you to trade cryptocurrencies passively. There are several AI strategies to choose from, including grid trading, dollar-cost averaging, and rebalancing. Pionex offers competitive trading fees of 0.05% per slide.
  8. QuantConnect: QuantConnect is aimed at advanced traders who understand quantitative analysis methods. Based on the cloud, the platform allows you to build and train your own strategies across thousands of data points. QuantConnect offers high-level backtesting tools and access to over 1,300 liquidity providers.
  9. Tickeron: This AI trading platform supports automated trading software. There are many strategies to choose from across four asset classes; stocks, ETFs, forex, and cryptocurrencies. You’ll need to connect your Tickeron robot to your brokerage account via an API. Prices start from $90 per month, or there’s a 50% discount when paying annually.
  10. OKX: This AI trading platform is backed by the tier-one crypto exchange, OKX. It supports a range of pre-built bots that are used by over 360,000 global traders. OKX also offers a marketplace, allowing developers to launch their own bots in return for a profit-sharing agreement. OKX is known for its low-fee policy, with traders paying just 0.10% per slide.

The Best AI Trading Software Reviewed

In this section, we review the 10 best AI trading platforms listed above.

1. eToro – Overall Best AI Trading Platform for Passive Investors 

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.

eToro smart portfolios

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.

eToro smart portfolios

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.

etoro forex review

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.

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.

Pros pros

  • Invest in portfolios that are hand-picked and maintained by AI
  • Copy trading feature allows you to mirror successful traders
  • No additional fees on managed portfolios
  • Also supports DIY investing – including 3,000+ fractional stocks at 0% commission
  • Regulated by FINRA, ASIC, CySEC, and FCA
  • Minimum deposit starts at $10 and no fees on US dollar payments

Cons cons

  • 0.5% deposit fee for non-US dollar payments
  • Trading tools will be too basic for advanced traders

74% of retail investor accounts lose money when trading CFDs with this provider.

2. MT5 – Popular Trading Platform Supporting AI-Backed Robots for Automated Investing 

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.

MT5 AI robots 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.

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.

MT5 AI robots

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.

AI Trading Platform MT5
Type of AI Trading Tools Marketplace with thousands of AI-backed trading robots.

You can then upload the robot into the MT5 software and allow AI to trade 24/7

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

Pros pros

  • Supports AI-backed trading robots – allowing to trade passively
  • Transparent marketplace with information about each AI strategy
  • No fees to use the MT5 software
  • Trade in demo mode and backtest your robot to ensure it’s ready for the live markets
  • Compatible with dozens of the best day trading platforms

Cons cons

  • There is no guarantee your chosen robot will generate profits
  • Some AI-backed robots sell for hundreds of dollars

3. – Leverage AI to Automate Trading Strategies via Simple Text Prompts 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 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, 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 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, 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. 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, does not offer brokerage services.

That said, 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, Pepperstone, AvaTrade, and FXCM. In terms of pricing, is currently offering its AI tools for free. However, the provider will be implementing a pricing system in the near future.

AI Trading Platform
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 is a new concept. Trading fees are determined by the broker you connect to.
Minimum Deposit Determined by the chosen broker
Minimum Investment Requirements N/A

Pros pros

  • Create AI trading strategies via simple text prompts
  • Include technical indicator readings into your strategy – such as the MACD and RSI
  • Supports 10 reputable brokers – including Fidelity, Interactive Brokers, and
  • Currently no fees to use its AI tools

Cons cons

  • No pre-built strategies are included
  • You’ll need an account with a supported broker

4. Magnifi – AI-Powered Investment Advisor App Connecting to Regulated Online Brokers    

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.

Magnifi review

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.

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.

Pros pros

  • One of the best AI trading platforms for investment guidance
  • AI-backed financial advice helps you become a better investor
  • Offers 0% commission trading on 15,000+ stocks and ETFs
  • Accessed via a user-friendly app for iOS and Android

Cons cons

  • Could be more transparent on minimum investment requirements
  • Minimum fees of $11 per month

5. Trade Ideas – Real-Time Stock Trading Suggestions Powered by Artificial Intelligence     

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.

Trade Ideas Holly AI

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.

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

Pros pros

  • AI stock trading ideas with suggested entry and exit prices
  • No trading experience needed
  • Also offers high-level chart analysis tools
  • Proprietary desktop software for Windows

Cons cons

  • High fees – $229 per month or $1,999 when paying annually
  • Does not offer desktop software for Mac or Linux

6. The Trading Analyst – AI-Produced Stock Options Signals via SMS     

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.

The Trading Analyst

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.

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

Pros pros

  • Best AI trading platform for stock options
  • Receive 2-5 trading alerts every week via SMS
  • Aims to outperform the broader market by 20% every year
  • Great reputation on Stocktwits

Cons cons

  • Charges $149 per month
  • Only provides historical trading results between 2018 and 2020

7. Pionex – Cryptocurrency Trading Platform With Pre-Built AI Bots      

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.

Pionex bot review

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.

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

Pros pros

  • One of the best AI trading platforms for cryptocurrencies
  • Several bot strategies to choose from
  • Only pay when the bot trades – 0.05% per slide
  • Almost 380 cryptocurrencies supported
  • No minimum deposit requirement

Cons cons

  • Does not support traditional assets like stocks
  • High margin trading fees

8. QuantConnect – Train and Deploy Quantitative Strategies and Access 1,300+ Liquidity Providers       

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.

QuantConnect review

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.

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

Pros pros

  • Best platform for AI quantitative trading
  • Advanced AI and machine learning models that can be trained in simulated conditions
  • Processes over 500,000 backtesting strategies every month
  • Competitive pricing plans that start from $8 per month

Cons cons

  • You’ll need a firm understanding of quantitative trading methods
  • A limited number of traditional brokers are supported

9. Tickeron – AI Software for Automated Trading on Stocks, ETFs, Forex, and Crypto        

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 review

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.

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

Pros pros

  • Selection of pre-built AI robots for automated trading
  • Supported markets include stocks, ETFs, forex, and cryptocurrencies
  • Backtesting tools provided
  • Also offers one-on-one coaching

Cons cons

  • Limited information on which brokerages are compatible
  • Beginners might find the sheer number of available products overwhelming

10. OKX – Tier-One Crypto Exchange With Over 1,000 AI Bots to Choose From         

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.

OKX review

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.

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

Pros pros

  • Popular crypto exchange offering pre-built AI trading bots
  • Marketplace supports over 1,000 third-party bot creations
  • No fees on OKX-backed bots
  • Trading commissions of just 0.10% per slide

Cons cons

  • Some third-party bots charge up to 30% in profit-sharing commissions
  • Only supports cryptocurrencies

Our Methodology When Rating AI Trading Platforms

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.

What is AI Trading?

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.

AI robot trading

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.

How Does AI Trading Work?

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.

Automated 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.

  • Alternatively, the AI robot could make trading decisions based on fundamental data.
  • For example, the bot could buy or sell stocks after companies release their quarterly earnings reports.
  • It might buy the stock if the company exceeded market expectations.
  • Or sell the stock if the company fell short.

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.

Constant Learning and Improvements

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.

Types of AI Trading Platforms

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.

AI Portfolio Management

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.

InvestorAI by Bridgeweave

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).

Is Copy Trading the Same as AI Trading?

  • Copy trading and AI trading both allow you to buy and sell assets passively.
  • There’s no requirement to analyze the market, so you can sit back and let your money work for you. However, these passive trading tools utilize different methodologies.
  • AI trading utilizes artificial intelligence (and often machine learning and natural language processing) to make trading decisions. This means that you’re relying on software.
  • Copy trading allows you to ‘copy’ an experienced trader. There is no AI technology involved, as you’ll simply be mirroring the same investments like-for-like.

AI Trading Robots  

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:

  • Let’s suppose the AI trading robot specializes in stocks
  • It utilizes an AI day trading strategy based on the Relative Strength Indicator (RSI). It only trades within the first hour of the stock market opening bell.
  • The ‘if’ rule states that the AI robot should buy a stock if the RSI drops below 32.
  • If the ‘then’ rule triggers when this condition is met. In turn, the robot will place a buy order on the stock.

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%.

Where Can I Use an AI Trading Robot?

  • There are two stages to consider when getting started with AI trading robots.
  • First, you’ll need to purchase a robot. Second, you’ll need to install it into a supported trading platform.
  • For instance, MQL5 is a popular marketplace for AI robots. It supports more than 1,000 robots across many different strategies and markets.
  • The robots sold on MQL5 are compatible with MT5. This is a trading platform that connects to many online brokers, such as, Libertex, Pepperstone, and AvaTrade.
  • Once you’ve connected MT5 to a compatible broker, you can then upload your purchased robot. After you’ve activated the robot, it will begin trading on your behalf.

AI Signals 

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.

AI Strategy Builders

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, 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:

  • Through text prompts, you instruct the bot to short-sell EUR/USD if it experiences a death cross
  • This means the 50-day moving average drops below the 200-day moving average
  • You add some additional rules. You only want to trade to be placed during the New York and London cross-over.
  • You also tell the bot to place a trailing stop-loss of 2% and a take-profit of 5%.

Crucially, AI builders allow you to create your own strategies, rather than relying on third parties. What’s more, platforms like 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.

AI Financial Advisors  

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.

Is AI Trading Profitable?

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.

Are AI Trading Software Safe & Legal?

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.

How to Pick an AI Trading Platform

In this section, we explain what to consider when choosing an AI trading platform for you.

Type of AI Trading Service

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.

eToro smart portfolios

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.

Supported Markets 

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.

AI Trading Strategy 

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.

Past Performance  

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.

eToro smart portfolios

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.

Brokerage Services   

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.




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?

Kane Pepi

Kane Pepi is an accomplished financial and cryptocurrency writer who has an extensive portfolio of over 2,000 articles, guides, and market insights. With his expertise in specialized subjects such as asset valuation and analysis, portfolio management, and financial crime prevention, Kane has built a reputation for providing clear explanations of complex financial topics. He holds a Bachelor's Degree in Finance and a Master's Degree in Financial Crime, and is currently pursuing his Doctorate degree, which focuses on investigating the complexities of money laundering in the cryptocurrency and blockchain technology sectors. Kane's wealth of knowledge and experience in the field make…