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As technology continues to advance at a rapid-fire pace and the stock market becomes increasingly volatile, artificial intelligence (AI) has become a common tool among high-frequency traders.  The technology is being leveraged in various ways to help specialties, long term investors, and beginners.  

You may be wondering – Is an AI stock trading bot a good idea?  There are many reputable apps that do in fact provide excellent value and service.  We review the top investment apps that use AI to trade stocks, providing you an analysis of their pros, cons, and features.

What Is a Stock Market AI Investing App?

Artificial intelligence is a tool that helps investors make better portfolio selections by applying artificial intelligence algorithms. These algorithms are programs that  learn using big data sets, which are analyzed to predict future performance in stocks. Ai driven trading apps can help investors forecast the market, make data driven decisions, and mitigate against risk.  They often have lower trading fees since it’s automated.

How AI Investing Apps & Ai Stock Trading Software Work?

Investing software uses artificial intelligence to identify investment possibilities based on huge amounts of data. Machine learning analyzes thousands of data points and makes recommendations on the basis of what they learn in the marketplace. Artificial intelligence (AI) investing provides an effective tool for the analysis, identification and execution of investment transactions. Artificial intelligence has become the primary method of making investment decisions.

Best AI Investing Apps & Software 2023

1. Trade Ideas

Trade Ideas

Read Trade Ideas Reviews

With powerful Ai software and a simple setup – Trade Ideas is an excellent all around choice for an AI investing application. Their “Holly” AI advising system is our choice as Best Overall Ai trading app.

  • Excellent stock scanning
  • Easy to use
  • Provides comprehensive service for day traders
  • Not mobile optimized

Trade Ideas is a powerful and user-friendly investing app that utilizes artificial intelligence in order to provide users with the best possible investment advice. It’s designed for everyone from beginners to experts, so it’s perfect for anyone who wants to be involved in the stock market. The premium version of the app unlocks an artificial intelligence advisor program called Holly, which can help you manage your risk and keep track of your portfolio. With features like charting, stock scanning, real-time alerts, and risk analysis, Trade Ideas is a unique and helpful way to invest in your future, leveraging powerful machine learning to scan and advise.

2. Acorns

Acorns

Read Acorns Reviews

Acorns is a financial services company that wants to make investing accessible to all. The name Acorns comes from their product’s ability to take “acorns” of your money and invest it, eventually growing into a large oak tree.  This micro investing platform is popular for younger investors and teaches investing and saving habits well.  We find it to be the Most Educational app.

  • Top class micro investing system
  • Beautiful design  and intuitive user experience
  • Educational content encourages healthy savings habits
  • AI features re designed for basic functions only
  • Not designed for day traders or large portfolios

Acorns is an attractive app with user-friendly UI and UX. It uses AI to help you save by identifying your expenses, and it includes educational material to teach you about compound interests, financial planning, and much more—all while making it easy for you to invest spare change. Their investment app takes the spare change left over when you’re spending on things like coffee or groceries, adding it up and giving you the option to invest it on your next transaction.  Acorns does not have the most powerful AI, and isn’t able to help short term trading or make sophisticated predictions  but that is not its aim.  It’s perfect for younger investors who want to start saving, investing, and learning.

3. Charles Schwab

Charles Schwab

Read Charles Schwab Reviews

Charles Schwab is one of the most well-known names in the brokerage business.  You can take advantage of their intelligent investing services in order to use AI to mitigate risk and automate profit maximizing strategy.  With power and experience, Charles Schwab is the Best for Large Portfolios.

  • Long history
  • Robo advising
  • Powerful AI
  • $5,000 minimum for robo advising is a barrier for many

Schwab Intelligent Advisory is a new service that uses artificial intelligence to help manage your portfolio. The platform consists of robo advisors for goal planning, tax management, and asset allocation services.   The platform uses computer algorithms to track your assets and make recommendations.  For example, the program uses automated tax harvesting to sell at the most opportune times to minimize tax bills. Schwab brings value on the opposite end of the spectrum from the previously mentioned Acorns – Charles Schwab is a top choice if you have a larger and more complex portfolio to manage.

4. Betterment

Betterment

Read Betterment Review

Perhaps Betterment isn’t the absolute best at any one aspect – but the app works well for just about any investor and is an excellent service.  Since Betterment does a bit of everything, we select this app as the Overall Performer Award.

  • Intuitive interface
  • Excellent tax features
  • Versatile
  • Crypto’s volatility
  • Not designed for large portfolios

Betterment is a financial management app designed for easy access to automated investing. It offers a smooth and intuitive user interface, and its proprietary artificial intelligence (AI) technology generates investments based on your user profile. Based on exchange-traded funds and cryptocurrency, the AI features include dividend reinvestment, recurring deposits, portfolio rebalancing, tax loss harvesting, and tax coordination.  You can start Betterment with small investments, yet it still works well as your portfolio grows.  You can also arrange human advising on an as needed basis. Experienced investors with large portfolios can unlock additional premium services so no one really outgrows the app.

5. TrendSpider

TrendSpider

Read TrendSpider Reviews

If you are looking for a fast powerful day trading solution, Trend Spider is the top choice in the field. This software provides exceptionally fast and powerful scanning and transactions.  This competitor is the best Best for High Volume.

  • Top of class scanning
  • Lightning fast AI
  • Superior technical analysis
  • Complex 
  • Effectiveness is limited fo day pattern trading

TrendSpider is a software that uses artificial intelligence to analyze market conditions and gain a competitive edge on your investments. This software can be used by very active and aggressive traders to make precise timing trades. Trendspider works by analyzing historical data to find optimal times to buy and sell. Trendspider’s platform offers excellent visualization, strategy testing, and superior charting. It can also deploy your own stock trading bots with quick speed.  This is tailor made for high volume day trading.

6. VectorVest

VectorVest

Read VectorVest Reviews

This platform attempts to use a large data set and powerful algorithms to then simplify and automate investing.  With a vast amount of stocks and funds analyzed and decades of information analyzed – we award VectorVest the Best Data Award.

  • Large data set
  • Powerful mathematical foundations
  • Able to simplify complex forecasting
  • Customer support is not always responsive

When you need to make investment decisions, there’s no substitute for actual data. The VectorVest app has a top notch scanning system that takes in data from over 18,000 funds and stocks and analyzes it along with stock historic performance, true value, and future forecast. It then presents the information in a format that lets you make decisions.  This app lies in the middle ground between passive investing and pattern trading.  It’s the best choice for an investor who wants data driven recommendations that allow them to be active investors but not day traders.

7. Wealthbase

Wealthbase

Read Wealthbase Reviews

If you like fantasy sports, you’ll love Wealthbase. It’s a lot like competing in an online sports league, except the sport is investing in stocks.  This can be very fun and is quite a unique idea.  We give them our nod as the Most Creative app.  However, this is not an option at all for actual investing.

  • Intriguing idea
  • Gamification
  • Community building
  • Not really investing
  • Some clients drop off the app once the novelty wears off

The Wealth Base app is a fantasy stock trading game which allows users to create a player avatar, make trades on a virtual stock exchange, and earn points based on their performance. Users are ranked against each other in order to see how well they are doing in comparison to other players, and can win prizes.  It’s just like a fantasy sports league.  The app also includes many features which allow players to interact with each other through groups and posts, adding an extra social element which keeps players engaged.  We think this is creative and intriguing – but it’s more of a side activity rather than an investing app.

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