The Best Quant Algo Trading Software: Reviewed and Compared

What does a sustainable economy look like? What would it take to get there? For many people, answering these questions can seem daunting. The good news is that there are already many people and organizations working on creating a sustainable future, and you don’t have to do it all alone. Even better, there are plenty of ways for you to support sustainable companies and make a profit in the process! But you will first need  to understand how the markets work. There are several quant or algo trading groups online who use algorithmic data for successful market trading, whose algos can be used to enhance sustainable investment strategies. If you are looking to take advantage of algorithms to help you make money in the stock market, then keep reading!

There are many investors who are having great success with this investing approach, especially in the sustainable investment markets. In this blog post, we will review and compare the best algorithmic trading software programs available right now. Each of these programs has its own unique strengths and weaknesses, so it is important to do your research before deciding which one is right for you. We will go over each program in detail and help you decide which one is the best fit for your individual needs. As always, be aware that there is risk in stock investment. The key is g slow, learn from others and build your portfolio over time.

What is quant trading or algo trading?

Quantitative trading (or “quant trading”) is a type of trading that uses complex mathematical models and algorithms to make decisions about when to buy or sell financial assets. These models are designed to identify profitable trading opportunities, and the algorithms are used to execute the trades. Algo is also becoming increasingly popular with individual investors.

What are the advantages of quant algo trading?

One of the main advantages of quant trading is that it can take advantage of opportunities that may be too difficult for humans to identify. For example, a human trader might only be able to identify a few profitable trading opportunities in a day, but a quant trading algorithm could identify hundreds or even thousands.

If you have a strong understanding of mathematics, statistics and an ability to use computer programming languages to build your models and algorithms, then you can just build your own algo. But for the rest of us, we can now have access to an existing algorithm built by experienced quants and proven in the markets for a small fee. They also teach you what they know, because their success is built on your success.

Another advantage of quant trading is that it can help to limit emotions and other human factors that can impact trading decisions. This can be beneficial because emotions can often lead to impulsive and irrational decisions. Data never lies.

What is quant algo trading software and how does it work?

While there are a number of different types of trading software available, they all share some basic features.

  • First, trading software must be able to connect to a broker’s API. This allows the software to place orders on behalf of the trader.
  • Second, the software must be able to provide data about the markets. This data may come from news sources, market data providers, or even the broker itself.
  • Finally, the software must be easy to use and understand.

While not all trading software is created equal, the best programs offer a wide range of features and tools that can make online trading more efficient and profitable.

To help you find the right trading software for your needs, we have reviewed and compared the five best options currently available. We considered factors such as cost, features, ease of use, and supported brokerages when making our selections. Whether you are an active investor or a day trader, we are confident that you will find a suitable option on our list.

1. Aikido

Aikido is a trading software program that uses algorithms to make investment decisions. For those looking to make sustainable investments, they also have Impact Investing Addons. The program is data-driven, quick, and easy to use and has an average annual return of 17.69%. Aikido is straightforward; all you have to do is connect to your broker, pick a strategy, and create a portfolio. With Aikido, you can invest effortlessly and save hundreds of hours. Aikido’s top-tier data and evidence-based approach to investing have been tested over time and proven to be successful.

Some of the key features include:

  • Algorithmic Trading Strategies: Aikido’s algorithmic trading strategies are designed to help you capture market opportunities and minimize risk. Its algorithms analyze market data and identify trading opportunities in real-time.
  • Automated Portfolio Creation & Rebalancing: Aikido’s portfolio creation and rebalancing features allow you to automatically invest in a diversified portfolio of assets. Its algorithms continually monitor your portfolio and make adjustments as market conditions change.
  • Screen, Research & Discover Stocks: Aikido’s stock screening and research tools help you identify stocks that meet your investment criteria. Its discovery engine enables you to find new ideas and insights about the markets.
  • Portfolio Tracking and Analysis: Aikido’s portfolio tracking and analysis tools help you monitor your investment performance and track your progress towards your financial goals. Its reports and visualizations provide actionable insights about your investments.
  • Invest the amount of your choice into the Aikido crypto coin: With Aikido, you can invest any amount into the Aikido cryptocurrency coin. There are no minimum investment requirements. This allows you to start small and grow your investment as you see fit. You can automate your investment on a daily, weekly, or monthly basis as desired.
  • Filters out industries that are high polluting: Aikido’s industry filters help you avoid investing in companies that are involved in activities that have a negative impact on the environment.

Aikido has two plans, the first one is free with limited options, and the second one is only $99/year with a full list of features and 30 days free to start with. Invest with confidence, knowing that you’re using the best possible tools available.

2. BlackBull Markets

Best for advanced beginners and up Globally

New Zealand’s BlackBull Markets is a top-tier, award-winning FMA regulated firm with a globally renowned presence. Retail investors can trade more than 350 tradable assets on the platform, including equities and commodities. They provide retail investors with access to a variety of account types and industry-leading trading platforms MT4 and MT5. Clients may trade up to 500:1 leverage with ultra-tight spreads as low as 0 pips. Due to their competitive advantages, they provide dedicated customer service during market trading hours and each client has a personal account manager to help them utilize their platforms and services.

BlackBull Markets has received numerous accolades and distinctions for being a rapidly developing financial services firm based on cutting-edge technology.

Key Features:

  • Award-winning, FMA regulated firm
  • MetaTrader 4 Platform
  • MetaTrader 5 Platform
  • VPS Trading
  • Access to over 350 tradable assets
  • Dedicated customer service during market hours
  • Personal account manager for each client


Open a free account

3. Trade Oracle (FLOW)

Flow by Trade Oracle Group is the leading tool that predicts stock prices. With Flow, individuals or groups can automate their entire trading operations. Their vision is to transform at least 1000 relatively new traders into pros by 2025.

Their mission is to develop a system where individuals are motivated and provided with the required tools to learn market systems and serve the world for generations to come.

Flow is a trading tool that uses complex algorithms to analyze historical data and identify market patterns over time. Special techniques are applied to analyze the price cycles of stocks from around the world. The findings are then presented in graphics, which depict future outcomes with high accuracy. As a result, Flow provides users with new trading opportunities and the ability to make more informed decisions about when to buy and sell stocks. In addition, Flow offers free consultations and provides proper education about market trends, making it an essential tool for both beginners and experienced investors alike.

Flow offers different packages that include various features, such as live chat, live training & Q&A, audio chat, and a newsletter. The pricing for the different packages ranges from $3,895.00 per year to $149.00 per month. Other features include an introduction to financial markets, a start manual, and live events. 

Key features

  • Technical analysis
  • Top-class predictive tools provide high accuracy 
  • Provides necessary education about market trends through free videos 
  • Free consultation 
  • Free insights newsletter 
  • Live audio chat

With over 35 years of experience and hedge fund assets in excess of $200 million, FLOW has trained thousands of traders and traded billions of dollars. Their proprietary mechanism for predicting future prices is accurate and reliable, making FLOW a great choice for serious traders. Moreover, with Forex, Stock, ETFs, Crypto, and Futures all available, FLOW has something for everyone. 

4. Tradier

Tradier is a commission-free online trading platform that offers users access to the stock and options markets. With Tradier, there are no contract fees, and users can choose their trading platform. Over 250 businesses trust Tradier for its easy integration and processing. Tradier also offers referral payouts, trade promotions, and co-marketing opportunities to help you increase your visibility and earnings. By providing a simple and intuitive way to trade stocks and options, Tradier is changing the landscape of online trading.

Tradier is a high-performance, premium support stock trading platform that handles 1B+ monthly API calls. It is reliable, with a user-friendly interface and tools for beginner to expert investors. The company also offers a mobile app for iPhone and Android devices.

Tradier subscription is only $10 per month, whereas the equity and options are $0 per order and $0.35 per contract.

5. QuantConnect

QuantConnect is the world’s leading trading platform, offering users a suite of powerful tools to research, backtest and trade their investments. With over 8 years of experience and a global community of 201,300 users, QuantConnect is the perfect platform for anyone looking to take their trading to the next level. The platform’s key features include:

  • Research: QuantConnect offers users access to world-class research tools, allowing them to make informed investment decisions.
  • Backtesting: The platform’s backtesting capabilities allow users to test their strategies before putting them into practice.
  • Trading: QuantConnect provides users with everything they need to execute live trades, including an advanced order management system and real-time market data.

QuantConnect has a free sign-up offer, but there are different tiers with different fees as well.

  • QUANT RESEARCHER: $8/month for quant finances
  • Team: Grow your team on Quantconnect for $20 per month
  • Trading firm: join with $40 per month and scale your execution
  • Institution: $80 per month for analytics & large-scale services

Whether you’re an experienced trader or just starting out, Tradier is the perfect platform for you.

How to choose the right trading program for you?

As a trader, it is important to have the best tools at your disposal in order to make informed decisions and achieve success. With so many different trading programs available, it can be difficult to know which one is right for you. Here are some things to keep in mind when choosing a trading program:

What type of trader are you?

There are programs designed specifically for day traders, swing traders, and long-term investors. Be sure to choose a program that suits your style of trading.

What assets do you trade? Some programs are better suited for certain markets than others. Make sure the program you select can trade the assets you are interested in.

What features do you need? Different programs offer different features. Some common features include real-time market data, charting tools, and backtesting capabilities. Be sure to choose a program that has the features you need.

How much does it cost? Trading programs can vary widely in price. Be sure to compare prices and find a program that fits your budget.

By keeping these factors in mind, you can be sure to choose the best trading program for your needs.

Final thoughts

If you’re looking for a trading strategy that can take advantage of opportunities that may be too difficult or time consuming for humans to identify, quant trading may be the right choice for you. Many online trading platforms offer free tutorials and resources to get started, so it’s easy to get started with this type of trading. What are you waiting for? Quant traders – let’s go!

Do you have any experience with these platforms? Let us know in the comments below!

A colorful collect of question marks representing the ESG factors around the DJSI

Quant Algo Trading FAQ’s

Can algo trading be used with sustainable and ESG investing?

Yes, algo trading can be used with sustainable and ESG investing. In fact, algo trading can be a great way to implement sustainable and ESG investing strategies. For example, an algorithm can be designed to automatically invest in companies that meet certain sustainability criteria. Alternatively, an algorithm can be designed to automatically divest from companies that do not meet certain sustainability criteria. either way, algo trading can be a great way to implement sustainable and ESG investing strategies.

What does a quant algo trader do?

A quant trader is a financial market professional who uses quantitative analysis to make trading decisions. Quantitative analysis is a field that uses mathematical and statistical models to study financial markets and make investment decisions.

What skills do you need to be an algo trader?

In order to be successful in quantitative trading, you will need strong analytical and problem-solving skills. You must be able to understand and use complex mathematical models, and you must be able to spot trends and patterns in data. Strong computer programming skills are also a necessity, as you will need to be able to develop and use software to automate your trading strategies.

What is the difference between a quant trader and a traditional trader?

Traditional traders make decisions based on their experience and intuition, while quant traders use mathematical models to make trading decisions. Quantitative trading is a more systematic approach to trading that can take into account a wider range of data points than traditional methods.

What are some common quantitative trading strategies?

Some common quantitative trading strategies include trend following, arbitrage, and statistical arbitrage. Trend following is a strategy that involves buying assets that are rising in price and selling assets that are falling in price. Arbitrage is a strategy that takes advantage of price discrepancies in different markets. Statistical arbitrage is a strategy that uses statistical analysis to identify profitable trading opportunities.

What are some risks associated with quantitative trading?

Some risks associated with quantitative trading include overfitting, curve fitting, and data-mining bias. Overfitting is a danger that occurs when a model is too closely fit to a specific data set, and as a result, the model may not be accurate when applied to other data sets. Curve fitting is the process of creating a model that closely matches a given data set, but may not accurately represent the underlying phenomenon. Data-mining bias is a danger that occurs when a model is created using only data that is known to be profitable, and as a result, the model may not be accurate when applied to other data sets.

How much do quant traders make?

This varies depending on the trader’s level of experience, the strategies they use, and the markets they trade. Generally, quant traders who are just starting out can expect to make around $100,000 per year. More experienced quant traders can make upwards of $1 million per year.

Can I do algo trading on my own?

It is possible to do quant trading on your own, but it is generally advisable to seek out the help of a more experienced trader. There are a number of online resources that can help you get started, but you will need to have a strong understanding of mathematics and statistics. It is also important to have access to good quality data in order to make accurate trading decisions.

What math is used in quant trading?

A variety of mathematical concepts are used in quant trading, including calculus, linear algebra, and probability theory. Traders will use these concepts to develop and test trading models.

What is the difference between a market maker and an algo trader?

A market maker is a trader who provides liquidity to the market by buying and selling assets. A quant trader is a trader who uses mathematical models to make trading decisions. Quant traders are often market makers, but not all market makers are quant traders.

Do you need a PhD to be a quant?

No, you do not need a PhD to be a quant. However, many quants have advanced degrees in mathematics, statistics, or computer science. A strong understanding of mathematics is essential for quantitative trading.

Can I become a quant at 40?

It is possible to become a quant at any age, but it is generally advisable to start young. This is because quant trading requires a strong understanding of mathematics and statistics, and it can be difficult to acquire these skills later in life. However, there are a number of online resources that can help you get started. For instance, you can easily join successful quants and learn from their experience.

Who invented quant trading?

Quantitative trading was developed in the late 1970s and early 1980s by academics who were working on ways to use computers to make trading decisions. Some of the early pioneers of quant trading include Edward O. Thorp, Myron Scholes, and Robert A. Merton.

What is Python quant?

Python quant is a branch of mathematics that deals with the analysis of financial data. Python is a programming language that is often used for quantitative trading. Python quant is used to develop and test trading models.

Is being a quant hard?

Like all things, quantitative trading has its difficult aspects. However, quants often find the challenge to be part of the appeal. In order to be successful in quantitative trading, it is important to have drive and push ahead when the going gets tough.