TLDR: Short on time and want to jump straight to the answer?
As per our research, the best Algo Trading Software for most people is NinjaTrader.
An algo trading software is a type of software that helps you automate the trading process of your precious metals, stocks, forex, and cryptocurrencies. By analyzing large sets of public data, an algo trading software can provide accurate and valuable analysis on prices and quantity of assets for all types of exchanges. There are three main use cases for algorithmic trading software: Straightforward novice algorithmic traders using it for personal gain, systematic disruption in the market using it to strategically position stocks, and large institutional investors using it to execute large-scale algorithmic trades.
After researching dozens of Algo Trading Software options available in the market today, we have compiled this list of top 8 Algo Trading Software to help you find the perfect solution based on your specific needs.
The 8 Best Algo Trading Software
Here are our top picks for the best Algo Trading Software,
- NinjaTrader – Overall Best Algo Trading Software
- Tickblaze – Simple and Easy to Use Algorithmic Trading Software for Beginners
- AlgoTrader – Most Popular Automated Trading System
- MetaTrader 5 – Most Versatile Automated Trading Software for Flexibility and Customization
- eToro – Best Auto Trading Software with Fast and Reliable Support
- TradingView – Most Affordable Automated Trading Platform
- ZuluTrade – Best Freemium Algorithmic Trading Platform
- MultiCharts – Top Rated Algorithmic Trading Software
So, let’s read on further to get a complete idea of our top Algo Trading Software picks for this year.
1. NinjaTrader – Overall Best Algo Trading Software
Trade futures & more through a superdom, chart trader or using automated trading software to protect your positions with algorithmic stop & target orders. Automated trading software – algo trading – ninjatrader.
2. Tickblaze – Simple and Easy to Use Algorithmic Trading Software for Beginners
Tickblaze is a complete solution for backtesting and executing trading strategies that includes an advanced platform and terabytes of market data. Algorithmic trading software – tickblaze.
3. AlgoTrader – Most Popular Automated Trading System
Algotrader offers institutional-grade algorithmic trading software to automate trading strategies in crypto, forex, stocks and derivatives. Algotrader – institutional-grade algorithmic trading software.
4. MetaTrader 5 – Most Versatile Automated Trading Software for Flexibility and Customization
Metatrader 5 is a free application for traders allowing to perform technical analysis and trading operations in the forex and exchange markets. Metatrader 5 trading platform for forex, stocks, futures.
5. eToro – Best Auto Trading Software with Fast and Reliable Support
Trade and invest in cryptocurrencies, stocks, ETFS, currencies, indices and commodities or copy leading investors on etoro’s disruptive trading platform. Etoro – the world’s leading social trading and investing platform.
6. TradingView – Most Affordable Automated Trading Platform
Algotrading — check out the trading ideas, strategies, opinions, analytics at absolutely no cost! — indicators and signals. Algotrading — indicators and signals — tradingview.
7. ZuluTrade – Best Freemium Algorithmic Trading Platform
Zulutrade – social forex trading. Follow and copy the best forex traders’ strategies based on their performance. Start investing now!. Automated trading made easy.
8. MultiCharts – Top Rated Algorithmic Trading Platform
Multicharts provides fast and stable auto trading. Orders are sent directly to the broker’s server in milliseconds and the strategy stays synchronized with the broker. The top software for automated trading – multicharts.
Final Thoughts – Best Algo Trading Software
The right Algo Trading Software for you, depends on your specific needs, of course. Most of our top Algo Trading Software picks include a free trial, so don’t be shy about trying a few different brands until you find a perfect fit.
In review, here are our top 8 picks for the best Algo Trading Software.
| Name | Use Case | Website Link |
|---|---|---|
| 1. NinjaTrader | Overall Best Algo Trading Software | Try Now |
| 2. Tickblaze | Simple and Easy to Use Algorithmic Trading Software for Beginners | Try Now |
| 3. AlgoTrader | Most Popular Automated Trading System | Try Now |
| 4. MetaTrader 5 | Most Versatile Automated Trading Software for Flexibility and Customization | Try Now |
| 5. eToro | Best Auto Trading Software with Fast and Reliable Support | Try Now |
| 6. TradingView | Most Affordable Automated Trading Platform | Try Now |
| 7. ZuluTrade | Best Freemium Algorithmic Trading Platform | Try Now |
| 8. MultiCharts | Top Rated Algorithmic Trading Software | Try Now |
We hope that you found this guide helpful in choosing the best Algo Trading Software for your specific needs. Feel free to share the article with your friends and help spread the knowledge.
