Contributor, Benzinga
October 25, 2021
TradeAlgo
Overall Rating:
securely through TradeAlgo's website

Artificial intelligence is having a significant impact on our day-to-day lives in so many ways that it is hard to keep up. The majority of us already live with artificial intelligence in our Internet-connected devices, from smartphones to our homes and cars. Even though A.i. may sound scary to some, it already gives you more entertainment with streaming services like Netflix and Spotify, or Google and Amazon using it to recommend products based on what they think you’ll like. A.i. is even able to write software better than any computer engineer. Technology innovator Elon Musk says, “we’re headed toward a situation where A.i. is vastly smarter than humans and I think that time frame is less than five years from now.”

A proprietary analytics platform, built by TradeAlgo, harnesses the power of machine learning with the goal of making investing simple for all investors. 

Why is this necessary? If you’re in the market, you may already be competing with artificial intelligence. According to some estimates, high-frequency trading accounts for over half of U.S. equity trading volume, and many trading entities use AI-powered analysis to come up with investment ideas. However, retail traders have been left behind due to exorbitant costs and technical limitations. 

The TradeAlgo platform makes this field more open by allowing anyone with a good internet connection to apply scalable artificial intelligence solutions to real-time data.

Best For
  • Investors who rely on fundamental or technical data
  • Short-term traders and sell-side participants
  • Market makers, speculators and options traders
  • Individuals or entities enhancing visibility
Pros
  • Over 1.3 million listings from 250+ data providers
  • 100% Market Coverage
  • Radar scanner with hidden unusual activity
  • Low latency of 20ms, orders of magnitude faster than others
  • Real-time analytics on real-time data
Cons
  • Not all strategies can be automated
  • Doesn’t provide mutual fund data

TradeAlgo Ratings at a Glance

Customer Service
Pricing
User Benefits
User Experience
Overall

Market data management algorithms are rarely scalable, and TradeAlgo has created a  comprehensive, infinitely scalable cloud-based trading solution that meets customers’ analytics needs. These new offerings are crucial for the data market and can support decision making in an analytics industry dominated by legacy products. 

In addition, algo trading aids in creating sufficient liquidity for sellers in the market and could be a useful tool for market makers across a number of jurisdictions. 

In addition to being operational on the cloud, TradeAlgo's enterprise algorithms are vendor-independent and can be applied to any data set, including data from vendors such as FactSet Research Systems Inc. (NYSE: FDS), Bloomberg, Morningstar Inc. (NASDAQ: MORN) and Forbes. As such, it allows the customer or business the ability to link whatever data source is most useful to their operations. 

TradeAlgo enterprise algorithms provide a complete set of real-time cloud technologies for managing market data. With TradeAlgo, algorithms run on a cloud-based analytics architecture that currently supports approximately 250 data sources covering nearly 1.3 million listings. Retail investors and financial institutions now have access to similar style algorithms as Jane Street and Goldman Sachs Group Inc analytics. (NYSE: GS).

TradeAlgo offers market data API distribution and management solutions for financial services. TradeAlgo's algorithms are built exclusively for the cloud rather than trying to "lift and shift" monolithic platforms. Users can apply them to any data set and leverage their software to create bespoke products and market intelligence. 

In addition to providing real-time data management tools, users benefit from alerts that track unusual activity. This feature ensures that you can follow developments in a particular asset class or economic indicator to ensure that your decisions are based on real-time data and market intelligence. In addition to leveraging big data, it lets you tailor its AI to specific strategies. 

In addition to covering 250+ data providers, the machine learning models created by TradeAlgo are always learning and adjusting to new information. In the age of big data, reinforcement learning can enable you to identify key trends for specific asset classes. 

TradeAlgo Customer Service

Most online ratings put TradeAlgo’s customer services at 4.5 stars or higher, which is a good sign and indicates that users are satisfied with its service. Its dedicated customer service team offers 24/7 support even on weekends. TradeAlgo targets both consumers and businesses. As a result of its robust customer service and the ability to connect on any platform, you can be sure to have your needs or concerns addressed by its staff. For a platform that supports real-time decision making, this indispensable feature warrants a 5-star rating. 

TradeAlgo Pricing

With TradeAlgo, you pay only for services you need for as long as you use them without long-term contracts or complicated licensing. Configure an algorithm cost estimate that fits your unique business or personal data needs. No “one-size-fits-all” means that the cost you pay is proportional to the nature of your needs as an individual or business. This approach is much different from industry standards where opaque can surprise customers. The bespoke customer pricing warrants a 5-star as this enables customers to understand why they pay particular charges. 

TradeAlgo User Benefits

TradeAlgo uses analytics to simplify investing.  Real-time data and live education make it a top choice for traders and institutions. This tool is useful in the world of AI trading bots where data determines how people trade and how assets move. You access a platform with a bespoke service of TradeAlgo’s set of market data management algorithms that allow you to combine and match a comprehensive, infinitely scalable cloud-based trading solution that meets your analytics needs. Its useful and bespoke algorithm justifies a 5-star rating. 

TradeAlgo User Experience

The website is easy to navigate with a drop-down menu for both businesses and individuals. At first glance, it functions in an intuitive manner, and the ability to tailor the software to your needs suggests that user experience played an important role in the formulation of the TradeAlgo’s many AI products. TradeAlgo has pioneered the design and delivery of advanced API-based algorithmic trading analytics solutions with nearly 80 years of combined experience to buy side, sell side, exchanges and financial technology customers. So it knows what it’s doing when it comes to user experience. For this, TradeAlgo gets a 4.5 star rating. 

TradeAlgo vs. Competitors

TradeAlgo stands out from its competitors because of its actionable, unique features applied to the markets. Similar companies like Palantir and DeepMind all backtest and deploy algorithms, but their models are not specifically applied to the markets. Expensive vendors such as FactSet, Bloomberg, Refinitiv, and others provide real-time data but generally lack the ability to engineer new features for users at request. 

  • securely through TradeAlgo's website
    securely through TradeAlgo's website
    Best For:
    100% Market Coverage
    Rating:

TradeAlgo Overall

TradeAlgo’s unique trading algorithms allow traders to leverage real-time data for both retail and institutional purposes. Its scalable model and ability to plug in a variety of data sources make it an excellent tool for institutional investors, short-sellers and day traders. TradeAlgo facilitates trading strategies that reach maximum returns. It earns a 4.5 star overall rating from its innovative and scalable solutions in addition to a wealth of satisfied users across Europe, Canada and North America. 

Frequently Asked Questions

Q

Does algorithmic analytics really work?

A

Yes, algo trading works, but no algo system works all the time. As a result, successful traders use multiple uncorrelated systems, and some investors rely on AI trading bots to trade a range of financial assets ranging from stocks and bonds to cryptocurrencies. Over 50% of overall trades are high-frequency trading dominated by trading algorithms using real-time data to make investment decisions. 

Q

Can I use this on mobile?

A

Yes, all algorithms and data are available on mobile devices. However, the platform is designed for desktop to take advantage of the proprietary algorithms and technical charting. 

User Reviews

Mike Anderson

How do you use this product to boost your finances?

Scam - Google Metals.com and Portfolio Insider

Rick

How do you use this product to boost your finances?

Luke Russell is rude and needs to learn customer service skills.

Jim

How do you use this product to boost your finances?

TradeAlgo is focused on selling and their IPO, NOT on producing valid trading signals. They are smoke and mirrors and then refuse to honor their refund policy. At that point you are ghosted and cannot get a response from anyone. Run from this scam.

KG

How do you use this product to boost your finances?

TradeAlgo is top notch information. If 95% of traders lose, its because only 5% get this kind of info. Levels the field. Although its top dog info, you still must master your mind. Even winning trade calls can be losers if you're mind is not right.

Paul Prehm

How do you use this product to boost your finances?

Trading for retirement

Mike

How do you use this product to boost your finances?

didn't work

Joseph Sprague

How do you use this product to boost your finances?

More Cuz ability to buy sell strategies!

RC Eat

How do you use this product to boost your finances?

Wanted to learn how to do shorts and longs. But I found instructors arrogantly trying to browbeat people into purchasing their product. If you questioned anything they didn't listen to the question but rather attacked you and tried to demoralize you.

David Rangel

How do you use this product to boost your finances?

Great product. Nothing is 100% but if used as instructed wins totally erase losses the long run.

Wellington

How do you use this product to boost your finances?

Trade Algo has helped me be more consistent than ever before with tickers i like to trade on a Daily Basis such as SPY, QQQ, TQQQ knowing their exact print levels has also increased potential on every trade. Damn near perfect entry and exit positions.

GODWILL EZEKIEL UDIAKWAT

How do you use this product to boost your finances?

I want to give it a trial

Gene

How do you use this product to boost your finances?

helps me find options trades that I would not have found on my own

Leveda Reed

How do you use this product to boost your finances?

Becoming Financial free

Leveda Reed

How do you use this product to boost your finances?

To become financial freedom

Kevin Pionk

How do you use this product to boost your finances?

Use it everyday to evaluate possible trades very successful

Donna

How do you use this product to boost your finances?

Website refund policy differs from his stated policy. Asked about reddit claim they are linked to scam Portfolio Insider. Jack Harris grew irritated. Even said he wasn't going to send me the trade spreadsheet to back up his great results chart.

Tim

How do you use this product to boost your finances?

Poor customer service. I was supposed to get a call after I joined and nothing.

Robert joubert

How do you use this product to boost your finances?

Nice

Shawn Undereiner

How do you use this product to boost your finances?

Awful, there is no way you can get in on the price points for the trades they say. If you want to cancel. well for me so far after 2 weeks I cannot.

Francisco Javier Cardin

How do you use this product to boost your finances?

Little but very good

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