Trade Ideas Stock Scanner

Jeremy Biberdorf By: Jeremy Biberdorf Nov 29, 2022
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Trade Ideas Logo

4.8/5

4.8 rating based on 5 ratings

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In a nutshell: Trade Ideas is a powerful intraday stock scanner that delivers real-time data from stock exchanges and exchange-traded funds (ETF) movements.

For any trader, Trade Ideas is an invaluable tool. These scanners will locate the tiny handful of stocks worth trading each day out of the thousands of stocks available on the market. Nothing else comes close to that. It’s a five-star asset.

This Trade Ideas Stock Scanner review delves into the powerful features, pros and cons, cost, free trials, and other helpful hints.

Service TypeFeesPromotion
Stock scanning toolStarts at $84/monthNone
Pros & Cons
Pros
  • The free live trading room provides valuable guidance.
  • Pre-defined channels offer easy access to many investing industries.
  • There are browser and desktop programs to choose from.
  • Professional trader packages.
  • There are several AIs for various interpretations.
  • Autotrade technologies are available.
  • Simulated trading.
  • Options and cryptocurrency traders can benefit from our trading suggestions.
Cons
  • There is no mobile version.
  • Subscriptions are costly.
  • Learning software takes time.
  • Robo trading tends to take priority over individual decision-making.
  • Trade Ideas cannot be used to make actual transactions.

Compare to Other Trading Platforms

TradeIdeas Logo
4.8 rating based on 5 ratings
4.8/5
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Fees$84/month

Minimum DepositNot applicable

PromoNone

BlackBox Logo
4.3 rating based on 5 ratings
4.3/5
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Fees$30.00

Minimum DepositNot applicable

PromoNone

Full Trade Ideas Stock Scanner Review

Trade Ideas is a novel way of making financial decisions. The company’s software incorporates Artificial Intelligence in addition to many windows displaying the trading day’s main movements.

It monitors the markets and makes recommendations for both long and short-term investments.

Trade Ideas Stock Scanner is best for:

  • Dedicated and active traders
  • Intra-day traders that trade pre-market, normal market, and post-market hours
  • Swing traders who use longer time frames
  • Momentum and chart-based traders

One of the most successful standalone scanners on the market is Trade Ideas. The platform has various built-in scans that identify unique trading opportunities in real-time.

Please read our full Trade Ideas Stock Scanner Review to know why this is our best choice for any stock trader who wishes to leverage AI.

What is Trade Ideas Stock Scanner?

Product NameTrade Ideas Stock Scanner
ServicesStock trading scanner
Membership Fee$84/month
Customer ServiceSupport tickets, contact forms, phone, email, live chat, mailing address
PromotionsNone

Trade Ideas was formed in 2003 by a group of FinTech entrepreneurs to assist stock investors and intra-day traders in catching stocks in real-time. Scanners for stocks and options control a huge amount of data and filter out stocks worth following daily. Trade Ideas is a web-based technology tool that delivers stock market profit opportunities and recommendations.
Get Started With Trade Ideas Stock Scanner
Learning to Use the Platform

Although Trade Ideas is a powerful platform, it’s known for being quite complex and hard to navigate (especially if it’s your first time using the platform). Fortunately, Trade Ideas recognized this common issue and now offers a few different education resources for newer traders to utilize.

Many of the key features—such as the ability to sync the AI with your favorite online brokerages—are too complicated to explain in a short article. However, you can likely find the answer(s) you’re looking for in the “TI User Guide,” a comprehensive guide to Trade Ideas. If not, we recommend checking out TI’s video trading courses.

However, some users won’t have any issues using the software; it’s their day trading strategies that they want to improve! Not to worry: Trade Ideas offers Daily Support Sessions and Daily Webinars, which could offer the answers you’re looking for. If you can’t find them there, you’ll likely be able to find the answer somewhere on TI’s expansive “Training & Educational Resources” page.

Trade Ideas Stock Scanner Features

Trade Ideas also comes with several extra features and tools to make the user experience even better.

Brokerage Plus

Users with Interactive Brokers accounts can use this feature to create scans (using either prebuilt scans or custom scans), develop trading strategies, and execute automated trading orders. You can also choose a semi-automated experience, in which you place entries manually, giving you more control. Meanwhile, Trade Ideas has a history of limiting the quantity of Brokerage Plus licenses available. In Q1 2019, for example, licenses were limited to 1,000.

Live Chat Room

Even if they do not have a Trade Ideas subscription, customers can log into the live trader’s chat room to participate with the support team and trading community. Additional ideas, insights, and occasionally even a live presentation of investment opportunities can be found in the moderated discussion group.

Chart Windows

Rather than using separate platforms for research and alerts, the Chart Windows tool allows users to evaluate an alert without leaving the Trade Ideas Pro site. Depending on the membership package, users can view 10-20 chart windows and add price alerts straight to selected charts. In comparison to a dedicated charting software like TradingView, customers should not expect a large number of chart indicators. Instead, they should limit their usage of this tool to stock research.

Trade Ideas Stock Scanner Pricing

Trade Ideas users can pick between two account levels, each with its unique pricing structure. Both choices can be paid monthly or annually, with the latter offering savings of up to $468. Trade Ideas also offers discounts with promo codes occasionally.

Trade Ideas Standard

Although it doesn’t offer as many features as the premium subscription, the Trade Ideas Standard plan is nothing to scoff at. You can purchase the Standard membership via an annual subscription or a monthly subscription. On a month-to-month basis, this membership will cost you $118 every month. Fortunately, you can reduce these fees if you pay $999 upfront for an entire year of membership (which comes out to $84/month).

The standard plan offers many features that active day traders will enjoy, including stock screeners,  real-time simulated trading, real-time streaming trade ideas, price alerts, and access to the live trading room. Standard members also have access to a Chart Based Visual Trade Assistant (which may present them with some unique trade opportunities). This plan offers plenty of tools for experienced traders who prefer to manage their own money, but the retail trader who wants to take advantage of AI integration with Brokerage Plus will have to opt for the Premium plan instead.

Trade Ideas Premium

If you want to get the most out of this powerful tool, then you’ll need to subscribe to the Premium plan. However, gaining access to exclusive features like Brokerage Plus isn’t cheap. Like the Standard plan, there are both monthly and annual subscription plans offered for Premium.

Currently, a monthly subscription will cost you $228 per month, whereas the annual plan averages out to $167 per month (or $1,999 for the entire year). Although this is certainly a large investment to make upfront, we highly recommend opting for the annual plan, as this will save you $737 over the course of the year.

As one might expect, the Premium plan offers all of the benefits included with the Standard plan (plus more!). Besides gaining access to Brokerage Plus, you’ll also be able to run up to twenty simultaneous charts, backtest trade ideas, run risk assessment checks, and take advantage of Trade Ideas’ proprietary AI trading assistant, Holly.

Holly AI

Trade Idea’s proprietary AI trading software and stock screeners all fall under the name “Holly AI.” However, there are actually three different versions of Holly AI: Holly Grail, Holly Neo, and Holly 2.

  • Holly Grail is the original version of Holly AI. It currently allows retail investors to fully automate and execute 50 unique trading strategies.
  • Holly Neo is actually the second version of Holly AI, and—although it currently only supports two trading strategies—it takes an aggressive investing stance by focusing on stocks that have recently made the news and/or are trading in high volumes.
  • Holly 2.0 is actually the third version of Holly AI, but it was programmed using all the trading data from machine learning (thus, Holly 2.0!). Currently, Holly 2.0 can execute eight unique trading strategies.

Each iteration of Holly AI is a powerful option for fueling future investment strategies on your choice of compatible trading platform, but remember: AI trading is not profitable 100% of the time. Like conventional investing, AI trading still involves risk, so you should keep a close eye on any fully-automated trades that are being made. If fully automatic trading doesn’t sound like a great idea, you’ll be happy to learn that Brokerage Plus offers a “semi-automatic” trading experience (which sets up trades, but requires approval before execution).

Get Started With Trade Ideas Stock Scanner

Frequently Asked Questions

Unlike Standard users, Premium users can access an AI virtual trading analyst, full signals service, and strategy backtesting functionality, in addition to many other competitive features such as ten simultaneous charts and a free simulated trading environment.

There is no mobile device version of the software. You can download the desktop software and log in with your credentials.

Connecting your broker to the Trade Ideas platform varies with the firm, and detailed instructions are given on the website. Clients of Interactive Brokers, for example, must use the proper API settings.

Trade Ideas can be accessed from any desktop computer, whether you own a Windows, Mac, or Linux computer. This is thanks to “TI on the Web,” which allows investors to take advantage of cloud-based scanning software. This browser-based version is excellent for experienced investors who are still using older equipment, as this version requires almost no processing power from your device!

However, if you own a Windows computer that meets or exceeds TI’s recommended minimum specs (Windows 10, 32-bit system, 1.5 GHz CPU, 4 Gb of RAM), then you can use the downloadable client instead. It does offer some advanced features not available on the browser-based version, but its overall effectiveness is highly dependent on the performance of your computer.

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Jeremy Biberdorf

About the Author:

Jeremy Biberdorf is the founder of Modest Money. After working many years in the website marketing industry, he decided to take on blogging full time and also get his finances headed in the right direction. Also check out his contributions to Equities.com and Benzinga.